Jonathan Robe

"Weil Gotshal is nothing without its people" crazy that one of the most prestigious law firms ($2.1B revenue, $5.6M profit per equity partner), is considering bankruptcy. In law, you can effectively acquire a firm's business without acquiring the firm, and Cravath just took their biggest M&A lawyer which led to a bunch of other people leaving. In most acquisitions, you buy the company to get its assets. In Big Law, you can just hire the assets and leave the liabilities behind. IMO AI will make this even worse... If AI replaces much of the work done by junior associates, superstar partners will need fewer people and less infrastructure around them... so why would the best partners share economics with a giant partnership?

Asian-Americans in Harvard’s Incoming Class More Than Double, to 43.2 Percent Newly released data on the Harvard College class of 2030 say the class is 43.2 percent Asian-American, a record high and more than double the level when Students for Fair Admissions first sued Harvard alleging racial discrimination in admissions. The U.S. Supreme Court ruled in 2023 that Harvard was unlawfully using race as a factor in admissions. Since then, the numbers of Hispanic and black students in the incoming Harvard classes have dipped, while the numbers of Asian-Americans have soared.