Influence - New York City Law Firms Still Haven't Lost It

"New York's law firms have often been trend-setters and bellwethers for the U.S. legal industry, setting expectations in areas such as lawyer pay and sometimes bearing the brunt when a downturn strikes." - Reuters Legal, December 28, 2023

Sure, the force field of law-firm influence has broken open to include Silicon Valley and the new Promised Land Texas (especially Houston and Dallas). But New York City maintains its aura of the place to pursue a career.

Otherwise Midwest giant/hustler Kirkland & Ellis wouldn't have bothered to establish a presence there. The firm everyone is watching Paul, Weiss wouldn't have just signed a lease for massive square footage several doors down from where it has been for decades. And rents and the cost of a salad in the metro area wouldn't have been able to sustain nosebleed.



Smirk. So much for the jaw-jawing about the end of NYC. Meanwhile will the gallows humor (NYC loves dark) be that Paul, Weiss saved commercial real estate in The City ... 

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