In his Bloomberg column this week, David Lat explores whether or not making or refusing to make offers with Trump has affected attrition at 14 legislation corporations focused by the president.
Armed with knowledge from SurePoint Authorized Insights about modifications in headcount over the past six months, Lat concludes that “the Trump offers is perhaps affecting, however not basically altering, legislation corporations’ total trajectories.”
Whether or not coincidence or trigger and impact, or some mixture thereof, a couple of stats are price highlighting:
On common, Am Regulation 100 corporations noticed attrition of -1.7%
The 5 corporations subjected to government orders that didn’t capitulate averaged a 2.8% decline in headcount
The 9 corporations that made offers with Trump averaged a 4.9% drop
Two corporations that minimize offers — A&O Shearman and Cadwalader — had the steepest declines (-10% and -11%, respectively)
The one two corporations whose headcount elevated additionally settled (Milbank expanded by 5% and Simpson Thacher by 2%)
Perkins Coie, which is combating the EO, shrank by 8% — the identical attrition fee as Paul, Weiss and Skadden, the primary two corporations to chop offers
Covington and Jenner & Block, neither of which settled, principally broke even
Trump Offers Coincide With Attrition at Some—however Not All—Corporations [Bloomberg Law]
Earlier: New Survey Outcomes Are In: The Authorized Occupation Is Overwhelmingly Opposed To The Biglaw Offers With Trump
