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Stephen Neal, the chairman and CEO of Cooley Godward, has a big problem, and his options aren't pretty. His Palo Alto, Calif.-based firm has too many lawyers and not enough work to keep them busy. The key question for tech firm managers is now: How low do profits have to sink before partners start clamoring for something more drastic -- like a layoff? Partners say it's a matter of how much pain they can endure and for how long.
August 16, 2001 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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