What are they thinking?

An article by Martha Neil in the online ABA Journal focuses on how the tightening economy is having an effect on large firm events:

Plans for the annual holiday party at White & Case were made months before the firm announced this week that it would lay off 70 lawyers and 100 staff members.

So the 2,400-lawyer international firm will be going ahead with the event at a midtown Manhattan restaurant, reports the Wall Street Journal Law Blog. However it's cutting back this year and plans to spend under $250,000, roughly half of what last year's gala at the United Nations cost.

The article reports that the firm has also done away with the fireworks.

For the rest of the article, go here. The ABA Journal is a great site to keep up to speed on news in the legal profession.