Quote:
Originally posted by Regional Anon
Some of the local offices have very big moral problems. Dallas office is probably similar to other Bigtex firms right now -- no one loves the place, but we all enjoy the paycheck every two weeks.
Transactional work is picking up. Litigation is (and has been for some time) quite busy.
Does anyone think we are in danger of folding? Not that I've heard.
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From my sources this is probably correct although in certain practice groups the morale issue is much worse than this might indicate. In at least one practice group among the rank and file there is supposedly no trust present in the firm managment. There is little hope that the firm will do the right thing or even to communicate with this group (in any of the offices). There is proven reasons to doubt that the firm will even listen to concerns. The new operating committe structure of J&G may improve this but communication from them to associates is terrible. Respect overall for the firm chairman is at an all time low with the a significant number of associates. I understand this to be true with many shareholders as well.
As to folding probably not, but emerging by the end of 2003 as one half the size that may be more likely.
Headhunters are swarming around the good talent.
