Word: nonattorney
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Dates: during 1980-1989
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...attorneys, Cadwalader would have been counted as a giant ten years ago. Now it ranks as merely a large outfit in a field that holds megafirms of 800 plus. The largest, Chicago-based Baker & McKenzie, just broke the 1,000 mark. Many of the behemoths are run by nonattorney managers who operate like corporate chiefs, drumming up sales and plotting growth strategies. Says Richard Santagati, the onetime head of NYNEX who now oversees Boston's Gaston Snow & Ely Bartlett: "Everything has accelerated -- salaries, overhead, client fees, the stakes and the risks...
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