Best Explanation Why Paul Weiss, The Business, Couldn't Risk Not Making a Quick Deal

 Since Paul Weiss negotiated with the Trump administration, professional anonymous networks Reddit and Fishbowl have been coming down hard (and with raw expletives) on the law firm about that decision. With an exception. That's today.

Fishbowl posts the question yet again about the why: How come Paul Weiss backed away from its usual sticking to principle. There's a long-form answer. Here are the points that might persuade about the rightness of that move and the urgency:

"The answer is that law firms are fragile businesses. Even if Paul Weiss had lost only a few clients, the firm could have been destroyed.

"[If business declined so would Profits Per Equity Partner.] Once their pay goes down, some of the partners may decide to leave ... This exposes a law firm to the risk of a cascading spiral of partner withdrawals akin to a run on a bank."

Although this could be persuasive, it probably will not persuade. Once a mindset has hardened into a position of being absolutely right the system closes down. Put alligators in the water. Check that the drawbridge is shut tight.

I know. That was the counterculture force field. We are right, absolutely. Then came the grim recession of the mid 1970s. The gestalt became survival. Along the way we began to feel foolish and repentant about our previous "mau-mauing" of everything.

A severe downturn - not at all unthinkable - in the law-firm sector this year could trigger a similar shift.

The Next? Earning a living has become a series of transitions, often brutal ones. Award-winning intuitive coach/tarot-reader Jane Genova provides unique guidance. Results-driven. Complimentary consultation (Text 203-468-8579/email janegenova374@gmail.com.)



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