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Latham & Watkins was the go-to firm during the junk-bond boom of the late '80s, but by October 1992, the firm's revenues had taken a nosedive. Through a mix of pushing out unproductive partners, laying off associates and restructuring, Latham reversed its fortunes and is now the largest firm in the state, grossing $300 million more than its closest competitor. Behind Latham's success is a story that may serve as a lesson for firms facing tough decisions about how to survive a dismal economy.
May 30, 2003 at 12:00 AM
1 minute read
The original version of this story was published on The Recorder
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