Word comes from the ABA Journal that times are so tight for the New York City-based firm of White & Case that the annual holiday party budget has been cut to just $250,000. And, unlike last year, the revelers will have to get by without fireworks.
To keep matters in perspective, this is an international firm with around 2,400 lawyers. Party planners expect 700 to 1,000 to attend. That figure, however, probably will not include any of the 70 lawyers and 100 staffers whose layoffs were announced this week.
By Peter Vieth