February 2014

Biglaw Perk Watch: Associate Client Fees

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100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGHere’s an interesting (and potentially lucrative) Biglaw benefit, which was recently brought to our attention:

How about a Biglaw perk watch thread on associate client fees? For example, at Kramer Levin, if an associate brings a new client to the firm, he or she gets 7 percent of all fees collected from that client.

The rule applies even if the associate isn’t involved in the matter. So, for example, a litigator who brings in a corporate client would still get the percentage.

We have heard of such arrangements, although we think they tend to be more common among midsize and smaller firms, as opposed to the biggest of Biglaw shops. But even if you don’t share in the fees, it obviously helps your partnership chances if you have the power to bring in a major client (e.g., because your mom is the CEO or GC of a Fortune 500 company).
If you have thoughts or information to share, please do so in the comments. Thanks.

49 Comments

Ding-Dong! The Peanut-Hating Witch Is Dead Visiting at Another Law School for a Year

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Some etiquette tips for law school deans:

peanut Mr Peanut warning contains peanuts you will die Above the Law blog.jpg1. If you send one of your students to another law school, for a year-long stint as a visiting student, don’t “apologize” for it — even if that student has a severe peanut allergy, requiring the receiving school to “peanut-proof” itself for the year.

2. If you really must issue an “apology,” do so by phone or in person, not by email.

3. If you really must issue an “apology” by email, send it to the individual dean. Do not send it to a listserv consisting of the deans of ABA-accredited law schools.

Because it might get leaked to ATL:
peanut allergy email snafu Above the Law blog.jpg
ATL readers: Please take this opportunity to engage in a spirited debate over whether schools, airlines, and other institutions go too far — or not far enough — in accommodating people with extreme food allergies. Thank you.Peanut Girl Dean Mark Sargent Villanova University School of Law.jpg

380 Comments

Associate Bonus Watch: Law Offices of David C. McGrail Matches
(and Then Some)

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associate bonus watch 2007 law firm Above the Law blog.jpgWho says the associate bonus news has dried up? Check out the latest announcement to make its way to our inbox:

LAW OFFICES OF DAVID C. MCGRAIL
676A Ninth Avenue #211, New York, NY 10036
Ph: (646) 290-6496 Fax: (646) 224-8377

MEMORANDUM TO ALL U.S. ATTORNEYS

November 8, 2007

We are delighted to announce that the Firm will pay special bonuses to all U.S. attorneys, in the amounts set forth below.

Class of 2000: $60,003

The special bonuses will supplement the Firm’s normal year-end U.S. bonuses. In lieu of special and year-end bonuses, U.S. attorneys may opt for a 100% equity stake in the Firm.

It is our pleasure to work with such an extraordinarily talented, quick-witted, well-read, handsome, modest group of lawyers. Thanks to your hard work, 2007 has been the Firm’s best year ever. While our securitization, antitrust, environmental, mass tort, tax, trust and estates, and patent litigation practices remain nonexistent, our bankruptcy/restructuring and general corporate practices have flourished. Profits are up infinity percent from 2006. We look forward to seeing you all and celebrating this year’s successes at the holiday party at “Go Sushi” on 51st and 9th.

The Firm urges you not to circulate this memo to muckraking legal tabloids such as Above the Law. We recognize that our special bonuses exceed those offered by Cravath and others, and we don’t want to hurt their feelings.

Law Offices of David McGrail [official website]

71 Comments

Judge Samuel Kent Just Wants a Hug. Is That So Wrong?
(Well, throw in a BJ and some breastfeeding, and yeah.)

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Samuel Kent Judge Samuel B Kent Above the Law blog.jpgJudge Samuel B. Kent (S.D. Texas) joins Judge Elizabeth Halverson and Chief Judge Edward Nottingham in our Judge of the Day Hall of Fame. He will no longer be eligible for recognition as a Judge of the Day, having transcended this award.
Why is Judge Kent deserving of induction? In the Houston Chronicle, Lise Olsen offers a detailed report of the allegations against Judge Kent (which we previously discussed here and here). The money quote:

[Case manager Cathy] McBroom was summoned to the judge’s chambers on Friday, March 23, at about 3 p.m.

Her hands were full of legal papers when the judge — a former high school athlete who is more than 6 inches taller and at least 100 pounds heavier — asked for a hug.

She told him she didn’t think that was appropriate, but reluctantly approached.

The judge grabbed Mc-Broom, pulled up her blouse and her bra and put his mouth on her breast. Then, Kent forced her head down toward his crotch.

As McBroom struggled, Kent kept telling the married mother of three what he wanted to do to her in words too graphic to publish. The papers fell to the floor. The pet bulldog Kent kept in his chambers began to bark.

The incident was interrupted by the sound of footsteps from another staff member in the corridor, and the judge loosened his grip. As she left, the judge said McBroom was a good case manager and then made suggestions about engaging in a sexual act.

McBroom ran out crying.

Review additional allegations, including a claim by a different ex-employee that Judge Kent once told her he could “service me when my husband was being treated for prostate cancer,” by clicking here.
How far did this federal judge go? [Houston Chronicle]

37 Comments

Tired of Data Room Drudgery?
Become a Party Planner for Partners!

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party parties party planning Above the Law blog.jpgPaging laid-off (or about-to-be-laid-off) associates: Looking for a new career? If you’re culturally literate, possessed of good taste, and great at slaving away for law-firm partners — which, given your job experience, you probably are — think about becoming a “personal manager.”
From the New York Times:

Looking for someone to curate your life? Need a personal concierge whose expertise is not picking up dry-cleaning but helping chose your wardrobe, your tastes, your friends?

[Allison] Storr calls herself a personal manager, but her duties go far beyond that. Her clients, all of them men, pay monthly fees of $4,000 to $10,000 to have her be their personal decider in nearly all things lifestyle-related.

And there’s a fun Biglaw blind item in the article:

A partner in a New York law firm, who agreed to be interviewed if he was not named to protect his privacy, said he has employed Ms. Storr for two and a half years. Last summer, Ms. Storr organized an ’80s theme party at the lawyer’s house in the Hamptons for about 200 of his friends, with a $5,000 budget. “It was honestly one of the most fun parties out there,” the lawyer said. “By now all my friends know that Allison works for me.”

He calls her an outsourced wife. “The nice thing is that when I ask her to do something, she gets it done and there’s no negative feelings.”

Putting together a summer party for 200, on a budget of just $5,000, is an impressive feat. Shouldn’t a Biglaw partner cough up at least five figures for a fabulous fete?
Need a Life? She’ll Arrange One [New York Times]

26 Comments

Everyone’s a Winner at Above the Law
(And Thanks to Everyone Who Voted)

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Weblog Awards Winner logo Best Law Blog Above the Law blog.jpgSigh. It’s Monday, and it’s also a quasi-holiday (Veterans Day). Government lawyers, a significant chunk of our readership, generally aren’t in the office today.
So maybe that’s one reason we’re feeling lazy and unmotivated today. Another possible reason: we’re resting on our laurels.
Late last week, Above the Law was named Best Law Blog, in the 2007 Weblog Awards. Very exciting! Thanks to everyone who voted, in response to our repeated pleas.
Was the contest “a pretty silly affair,” as our erstwhile evidence professor, Brian Leiter, opined? Sure. Which makes ATL’s victory eminently appropriate, since this is a pretty silly blog.
So congratulations to us! And thanks again to everyone who voted.
P.S. To Professors Kerr and Volokh and their fellow Volokh Conspirators: Sure, we’ll buy a round of beer! Just find us at the Federalist Society National Lawyers Convention later this week.
Best Law Blog [The 2007 Weblog Awards]
Does David Lat Owe Us Beer? [Volokh Conspiracy]
Did you vote for the “Best Law Blog” yet? [Brian Leiter's Law School Reports]

18 Comments

The Eyes of the Law: An Aaron Charney Sighting

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Aaron Charney solo firm headshot Aaron B Charney Aaron Brett Charney Above the Law ATL.JPGSo just how large was the settlement in Charney v. Sullivan & Cromwell? Professor Scott Moss argued it was probably modest, while Professor Art Leonard believed it to be more substantial.
Here’s some evidence in favor of a larger settlement:

On Saturday at around 5 p.m., I spotted Aaron Charney in a cafe, in the bucolic town of Cold Spring, New York. I would have gone up and talked to him, but I realized who he was too late.

He was dressed in preppy fall wear, very J. Crew, with a wool hat. He was with two friends, and he was joking with them. He looked happy.

Well, how happy? Was it a $500,000 kind of happy, or a $2 million kind of happy?
Earlier: Just How Far Did S&C ‘Bend Over’ for Aaron Charney?

23 Comments

Morning Docket: 11.12.07

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* Bong hits 4 farmers. [Washington Post via How Appealing]
* If looks could kill, then maybe this guy would have had a defense. [Atlanta Journal-Constitution]
* Privacy is so 20th century. [Reno Gazette-Journal]
* Good for him I guess, but isn’t this a little weird? [CNN]

13 Comments

Associate Bonus Watch: Kramer Levin Announces
(Bonuses Subject to ‘Merit’ and Hours Threshold)

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associate bonus watch 2007 law firm Above the Law blog.jpgA day without bonus announcements is like a day without sunshine. And for a while it looked like today was going to be one dark day — perhaps fitting, given the stock market tumble.
But Kramer Levin has come to the rescue. Check out their bonus memo, after the jump.

double red triangle arrows Continue reading “Associate Bonus Watch: Kramer Levin Announces
(Bonuses Subject to ‘Merit’ and Hours Threshold)”

154 Comments

Non-Sequiturs: 11.09.07

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Ann Althouse Professor Ann Althouse diva divalicious Above the Law blog.jpgIt’s Friday, just shy of 5 PM Eastern time. Where are the bonus announcements? The silence is suspicious. If you’re sitting on bonus news that we haven’t reported, please reach out to us by email (subject line: “Associate Bonus Watch”). Thanks.
* Ann Althouse: We love it when she gets medieval — or should we say me-diva? — on a hapless blogger’s a**. [Althouse]
* Jesse Sneed: The Indiana University law student, who riddled his casebooks with bullets, is going home to grandma. [Blogonaut]
* Tim Wu: These ladies aren’t the only ones in love with the high-profile prof; Google thinks he’s pretty cool, too. [BusinessWeek]
* Barry Richard: S**tstirrer extraordinaire. [National Law Journal]

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