For Firms, This Year May Not End With Lavish Parties

Law360, New York (October 16, 2008, 12:00 AM EDT) -- With the economic crisis in full swing and people being laid off left and right, one big question remains to be answered: Will law firms still have their over-the-top holiday parties this season?

Over the years, the lavish affairs have turned into a horse race of sorts, with each big-name firm seemingly determined to out-holiday-party the other as tens of thousands of dollars are shelled out for the extravaganzas.

To close out 2007, lawyers at Wachtell Lipton Rosen & Katz partied at the iconic St. Regis...
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