Orrick Herrington & Sutcliffe partners are slumming it these days. Practice group retreats? Not this year. Flights to meetings? Try video conferencing. If you need to fly, go by yourself.Small things, says Orrick chairman Ralph Baxter. But he says the savings aren't meaningless - Orrick is saving "tens of millions of dollars" through small changes like that. "In the long term, these are expenses that are necessary, but in the short term we can postpone or reduce them," Baxter says.
October 22, 2008 at 09:41 PM
1 minute read
The original version of this story was published on Legalweek
With revenue down, firms pin their hopes to the expense side of the balance sheet. Nate Raymond and Claire Duffett report
Orrick Herrington & Sutcliffe partners are slumming it these days. Practice group retreats? Not this year. Flights to meetings? Try video conferencing. If you need to fly, go by yourself.
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