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FakeNoose

(40,113 posts)

14. The thing about law firms is ... all your assets walk out the door at 5 o'clock

Reply to Eugene (Original post)

Sat Dec 20, 2025, 12:25 PM

Dec 20

That's another way of saying, your employees ( i.e. law partners) are the only thing a law firm has to offer. There's not much investment in equipment or inventory like there is for a manufacturing firm or a retail business. If your law partners decide they don't want to continue under the current management, what keeps you in business? That's what Cadwalader is finding out right now.

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Highlight:

Cadwalader, Wickersham & Taft: Storied Law Firm Pays Brutal Price for Surrendering to Trump [View all] Eugene Dec 20 OP

Well, well...so Wall St.'s support is waning...that is encouraging! Keep on goin'! DOWN, down, down.. CTyankee Dec 20 #1

It really isn't as far as law firms. Henry203 Dec 20 #10

real story olivia11 Dec 20 #2

Welcome to DU LetMyPeopleVote Dec 20 #19

yes indeed Skittles Dec 20 #21

Maybe the firm should have asked if their attorneys would give their talents away UpInArms Dec 20 #3

But these guys weren't magats NJCher Dec 20 #4

The lead partners, if not MAGAts, UpInArms Dec 20 #6

Am I supposed to feel sorry for a corporate law firm? bluedigger Dec 20 #5

Make a deal with a rapist Aviation Pro Dec 20 #7

Interesting development Henry203 Dec 20 #8

Educate us non-legal eagles KY_EnviroGuy Dec 20 #15

The vertical Henry203 Dec 20 #16

Thank you and Happy Holidays! KY_EnviroGuy Dec 20 #18

If I was their client I'd drop them posthaste pfitz59 Dec 20 #9

or their country Skittles Dec 20 #22

Gonna be tough to collect on that $100 million in pro bono work from a defunct law firm. ToxMarz Dec 20 #11

you can play a number of stall games NJCher Dec 20 #12

... littlemissmartypants Dec 20 #13

The thing about law firms is ... all your assets walk out the door at 5 o'clock FakeNoose Dec 20 #14

No different in any professional service business Henry203 Dec 20 #17

Firms that gave into trump are paying a justified price for their cowardliness LetMyPeopleVote Dec 20 #20