Lawyer | Mergers and Acquisitions, EC/VC, Outside General Counsel big fan of @byufootball @broncos and @monsterenergy
Salt Lake City, UT
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I don't disagree with the idea that this is a good option for laid off BigLaw associates, but can we please get rid of the idea that they were redlining NDAs all day😂
Strongly suspect that the best ones who got knocked off-track 3–10 years into their careers will be vibe coding smart contracts and managing balance sheets as a sort-of in-house GC / negotiator par excellence in lieu of billing hours for redlining NDAs and querying LexisNexus.
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Dallin Drescher retweeted
All I see is firms aggressively recruiting Weil lawyers. Everyone knows there are top lawyers there.
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Dallin Drescher retweeted
law firms expect their deal lawyers to go out there and negotiate the hell out of deals for their clients.
but when those deal lawyers negotiate their own compensation, their own deals, those same law firms:
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Been seeing this type of post a lot the past two days, and I don’t get it. The way it’s phrased as if somehow big law firms are more at risk than small ones seems silly to me.
Let’s be brutally honest here, there isn’t a single lawyer that can confidently say they know what our jobs will look like in 10 years. There’s too much in flux. Most of us are fairly confident we will have a job, but what it will look like, how it gets done, and how we charge for it are still pretty up in the air long-term. And that presents just as much, if not more risk, to small firms as it does large.
If AI really cuts into BigLaw revenues, where do you think they’ll go for clients? They’ll leverage AI to offer more competitive pricing to a broader range of clients. And all of a sudden these ex-BigLaw boutiques will be competing with the very firms they built their resumes on.
Weil’s story is a great reminder to live within your means, plan for the future, and that nothing is certain. But I don’t think it’s a condemnation of BigLaw as a whole. In many ways, even the associates now jobless from Weil are still in a better position than their peers at small firms.
I would be *extremely* nervous this morning if I woke up as an associate at a big prestigious firm with a big salary, lifestyle, and family, but with debt and little visibility into what’s really going on and limited exit options to sustain my lifestyle.
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John gets it. Part of the reason law firms are so cutthroat is because the laws around our profession prevent you from ever building a true “moat” to insulate from your competition.
There are no noncompetes and clients can fire your firm at will. A partner can have a bad day and decide to take $40 million worth of revenue away overnight.
Weil just shows that even the largest and most prestigious firms arent immune to these realities.
I don't think this is true. Weil was having a good year this year. The problem is they lost a couple of huge rain makers and their teams followed them out.
They just weren't splitting the profits in the right way....
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Duo day 2: the more I use it the more I love it. It’s such a good productivity tool for working on the go. Reading and responding to dense emails is so much easier.
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Everybody thinks they want Level 5 but most of us are micromanagers and want no more than Level 3
All employees come in 5 levels, choose wisely:
Level 1 - tells you there's a problem
Level 2 - tells you there's a problem and what caused it
Level 3 - tells you there's a problem, what caused it, and options to fix it
Level 4 - tells you there's a problem, what caused it, options to fix it, and which one they'd pick
Level 5 - tells you there was a problem, what caused it, how they fixed it, and future proof’d it
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No matter how bad life gets I hope I have better things to do than insult strangers online over their choice of phone
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Don’t believe everything you read on the internet guys. The Duo screen is still flat even after the first fold.
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Yeah the folio wallet case isn’t going to last. Don’t like taking a phone call with it. Time to find a normal case.
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Dallin Drescher retweeted
Few know that big firms give pensions. Main reason many senior partners stick around and float down big book river for too long. Wishing the Weil crew good things. I’ve been tough on them but it’s a good, proven shop. Truly a modern day bank run - except the bags of cash are ppl. And the ppl command bags of cash. I still think a merger is their best bet, but they will not retain a controlling stake brand wise
NEW: Brian Resnick from Davis Polk restructuring team now on scene at Weil and wind-down now being actively discussed among options:
ft.com/content/69ccfcb0-3f5e…
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Buying my iPhone Duo is the best decision I’ve ever made.
Prediction: every iPhone user without a Duo will be dying for one in 60 days.
It’s seriously everything I hoped for and more. Don’t understand any of the hate.
Sent from my iPhone Duo
Canceling my iPhone Duo and getting an iPhone 18 Pro Max is the best decision I’ve ever made.
Prediction: everyone with an iPhone Duo will have buyer’s remorse in 60 days.
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