October 2008

Bonuses

Fried Frank Turns Holiday Party into a Robin Hood Affair

Given the list of associate “perks” firms could be cutting back on during these tough economic times, the latest news from Fried Frank seems very reasonable. Associates at Fried Frank were told today: Dear All, In light of continued turmoil in the financial markets and the wider economy, and the effect it is having on […]

Job Searches

Accept Your Offers: Part the Fourth

Today’s installment of our ongoing series about law students who are determined to screw around comes with information about Proskauer Rose’s summer program. According to multiple tipsters, Proskauer is not directly rescinding offers (like Akin Gump did), but they are encouraging students who have received offers to consider other options for the summer. We’re pretty […]

Law Schools

Open Thread: Free Law School in California

At UC-Irvine, you get what you pay for: The new law school at the University of California, Irvine has dropped its original name, the Donald Bren School of Law, and plans to offer full tuition scholarships to students who enroll in the school’s first semester in fall 2009. This is excellent, because what we need […]

Layoffs

Nationwide Layoff Watch: O’Melveny & Myers

More bad news, this time from the Los Angeles market. We’ve received word that O’Melveny & Myers has cut ties with five associates from their L.A. office. A tipster reports: There were at least 5 associates let go today in the OMM Los Angeles office. Ranging from first years to mid-level associates. I’m not sure […]

Job Searches

Accept Your Offers: Part III

We warned you that you should accept your offers. We then demanded that you should accept your offers. But based on the comments, there are still some of you out there sitting on multiple offers. Career services people have taken note, and are literally begging their students to make a decision. The latest evidence comes […]

Lawsuit of the Day

Trademark Forfeiture of the Day: KHAN!!!

Wonder why IP lawyers still have work? In the midst of a 177-page indictment against the “Mongols” biker gang, the government put in a charge invalidating the gang’s trademarked name. If prosecutors succeed, the feds will own the Mongols trademark and can charge patch-wearing gang members with trademark infringement; or, at the least, have one […]

5th Circuit

Morning Docket 10.23.08

* Lehman’s lawyer fees “could reach a record $1.4 billion.”[Bloomberg] * The RNC spent more than a first-year associate’s salary on clothes for Sarah Palin. So, when you are reading mind-numbing legal documents at midnight tonight and your friends are out partying, just dream of all the snappy red jackets you can buy. [Los Angeles […]

Layoffs

Update: Dechert CEO Winokur Indirectly Responds to ATL

Apparently, Dechert Chairman and CEO Bart Winokur still finds Above the Law not worth his time, but that hasn’t stopped him from talking about our information elsewhere. Winokur spoke with the WSJ Law Blog to try to clear up some things about the firm: 1. Quite apart from any characterization as to reasons why associates […]

Non-Sequiturs

Non-Sequiturs: 10.22.08

* The RNC has spent $150K on clothes for caribou barbie Sarah Palin. Is that a legal use of campaign cash? [Marc Ambinder] * It’s been a while since we had a good, old fashioned, tax revolt in this country. Since it’s probably politically incorrect to dress up like Native Americans this time around, I […]

Law Schools

Lost but never Found

I just couldn’t resist posting this email from the University of Pittsburgh School of Law listserv: I found a pearl necklace on the floor of the law school basement near the hallway with the microwaves. Please e-mail me if you think it’s yours, so I can arrange to get it back to you. Sorry about […]

A Happy Letter From Simpson Thacher

Given all the horrible news yesterday, we wanted to post something positive about the legal job market. Luckily, last week Simpson Thacher & Bartlett felt the exact same way. Taking a cue from Cleary, STB decided to send around an “aren’t you glad you received an offer from Simpson Thacher” email to last summer’s offerees: […]

Biglaw

Accept Your Offers: A Brief Follow Up

After our post on the importance of accepting your offers, we figured that most students sitting on offers would do the right thing — for themselves and their colleagues — and make a decision. But maybe some students are just a little more indecisive than others. Last night, Northwestern students received this email: Dear Second-Year […]

Breaking: Powder Scare at the New York Times Building

We’ve received reports that the New York Times building has received some sort of terrorist threat. Apparently a white powder has been sent to somebody at the Time’s editorial desk. The building houses the firms of Covington & Burling and Goodwin Procter, among others. One tipster reports that the place is crawling with police officers. […]