All this is something of a turnaround for the NY-based firm, following an upbeat (if that’s the word) interview with the firm’s CEO just a year ago, where he said the firm’s growth was thoroughly sustainable “short of some cataclysmic event that hits everyone else too.”
Well, the event was the credit crunch, we guess and Cadwaladers are laying off a further 96 lawyers in the States and London, following an earlier round of 35 they released in January.
