It's been a tough year for Cadwalader's Robert Link Jr. Hit hard by the collapse of the market for mortgage-backed securities, the firm that Link led for more than a decade has so far laid off 131 lawyers. Not to mention, profits per partner dropped for the first time in years. Oh, and he and his wife have mold in the basement of their $6 million house in the Hamptons. The developers say the plaintiffs are "just using their legal muscle to get us to pay for alterations to the house after the fact."
August 21, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
It’s been a tough year for Cadwalader, Wickersham & Taft’s Robert Link Jr.
Hit hard by the collapse of the market for mortgage-backed securities, the firm Link led for more than a decade has so far laid off 131 lawyers. Profits per partner dropped for the first time in years, and a management shakeup in February had Link stepping down as its longtime chairman.
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