Vinson & Elkins managing partner Joe Dilg confirms that the firm, following year-end reviews, asked 40 associates in December to look for new opportunities.
The number of associates asked to leave the firm following reviews, close to 10 percent of the firm's associate workforce, is slightly higher than in previous years, he says.
Dilg says the requests were based in part on reviews and in part on work opportunities at the firm. "It's not an economic issue as much as it is making sure that we keep the associates that are here progressing here," he says. "We don't have any bad lawyers or poor lawyers in the firm. There are some that progress, for whatever reason, faster than others," he says.
That's one way of putting it . . . . Might the loss of work from Enron (or V&E's potential liability for same) have anything to do with it? The blurb is here from New York Lawyer.