People aren’t just sitting at home working like they were the last two summers, they’re a little more out and about this summer.
— Mitch Nussbaum, vice chair of Loeb & Loeb and co-chair of the firm’s capital markets and corporate department, commenting in an interview with Bloomberg Law on the slowdown in IPO work that’s led to Biglaw’s hiring of capital markets associates and partners tapering off or even stopping altogether. “We’ve been here before and we’ll be here again,” Craig Marcus, co-chair of Ropes & Gray’s capital markets practice, said of the IPO downturn. “It’s the end of the cycle.”
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.