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Legal Recruiting News2019-10-18T20:28:19+00:00

Irell & Manella Is at a Crossroads, Once Again

“In the end, all of the decisions are going to come back to what does Morgan think,” Watanabe says. “Honestly, he deserves that respect, because it’s worked. It’s made everybody millions upon millions of dollars, and they all respect that. They may not all like it, but it’s hard not to respect a leader like that. He doesn’t drive that law firm with an iron fist. Not at all. He’s quiet, subdued, but in the end they know he needs to be OK with pulling the trigger.”

May 19th, 2020|

How to Handle Guaranteed Pay Packages While Partners Are Hurting

“If firms are doing cuts across the board and they are going to play around with distributions, it’s kind of hard to rope off the people who just came in and who they made a promise to,” said Larry Watanabe, a West Coast recruiter for Big Law firms. “Politically, that could be really ugly.”

May 7th, 2020|

As Law Firms Change Their Pension Plans, Will Retiring Partners Shoulder the Risk?

An attorney who retires this year in a down market will, until the market recovers, have to live off of the reduced value of their pension plan. Some might find it more advantageous to keep working, West Coast legal recruiter Larry Watanabe says. This calculus brings on a new urgency when taking into account the handful of Big Law firms that still have mandatory retirement policies, he adds.

April 21st, 2020|