In what could be a trend, DLA Piper has canceled the holiday party for their Chicago office. The move is similar to Fried Frank’s decision to scrap their holiday festivities, but there is no indication on whether DLA intends to donate any of their party money to charity (as Fried Frank did).
Spokespeople for DLA Piper did not immediately respond to a request for comment.
It’s not just the legal community that’s scaling back on holiday cheer. Yesterday, Barclays announced they were canceling their holiday party too. For a complete list of the financial firms that have gone Grinch, see our sister site, Dealbreaker.
The holiday party is just one notch on the ever tighter belt. More after the break.
Ah, Sullivan & Cromwell. It’s a top law firm — not just in prestige and profits, but also blog fodder. See, e.g., Carlos Spinelli-Noseda (partner who defrauded firm and clients of half a million dollars through expense fraud); Aaron Charney (associate who sued the firm for antigay discrimination, while still employed there).
When people leave 125 Broad Street, they go out with a bang. Today, courtesy of several tipsters, we bring you the tale of another former SullCrom employee who departed under less than ideal circumstances. Let’s call him “DB,” short for “douchebag.”
(To those of you who find the term offensive, we say: if it’s good enough for the Second Circuit, it’s good enough for ATL. Also, we use it affectionately.)
During law school, DB developed a reputation “as a racist, sexist jerkoff who always flaunted the fact that he was wealthy.” Here’s why:
His first words upon meeting his law school roommates: “Hi, I’m DB. I’m independently wealthy.”
In a class discussion about price discrimination and consumer choice, he said: “Sometimes when I’m in a real hurry, I am forced to fly coach.”
At a law firm reception, he said to the attorneys, “Don’t you miss the good old days when there were no girls at a place like this, except for hookers and strippers?”
This charming lad then made his way to 125 Broad Street, where he joined GP (general practice; S&C-speak for “Corporate”) at Sullivan. Now, S&C pays well — in addition to generous base salaries and year-end bonuses, they pay supplemental bonuses to senior associates. But DB was unimpressed:
“My allowance used to be bigger than whatever I earn from this place. I feel so poor now that I’m working.”
Bell Boyd & Lloyd managing partner Nancy Bertoglio has confirmed the layoffs we reported earlier today. She stated that 10 associates were laid off today:
Like many firms, Bell Boyd is facing unprecedented market conditions and we are taking measures to ensure the firm’s efficient operation and growth. Today regrettably, Management, in individual meetings with associates, asked 10 to leave effective January 1, 2009. The associates affected were representative of practices across the firm, and none were first year associates. All are in the Chicago office. This is a belt-tightening measure that will put us in a better position to ride out the economic storm and remain competitive in what we expect will be a challenging business environment for law firms and our clients.
At least the firm didn’t throw mud on the associates on the way out of the door. This message makes it clear that the layoffs were done for economic reasons, not because the 10 associates were “under performing” in some way.
Good luck to the most recent additions to the job hunting community.
Dechert has just announced the hiring of former Heller chairman Matt Larrabee. His official partnership with Dechert is thought to be a mere formality.
From Dechert’s press release:
“Matt’s experience is unusually diverse, with each of his practice areas intersecting with a number of Dechert’s core litigation practices: class action defense, antitrust, fraud claims, and complex commercial litigation,” said Dechert chairman Barton J. Winokur. “Perhaps most importantly, Matt will provide yet another highly experienced and sophisticated first chair litigator to Dechert’s already impressive group of trial lawyers. I think everyone would agree that Matt is one of the most respected trial attorneys in the nation and we welcome him to the firm.”
One firm’s loss is another firm’s gain. If Dechert ever has to dissolve, they’ve got a new pro in house.
The Chicago market is really tough these days. In the past month, 21 associates lost their jobs with Katten, 25 associates were laid off from Sonneschein, and Jenner Block parted ways with 10 partners.
A tipster tells us that Bell Boyd’s Chicago office could be the next firm to suffer the layoff bug:
18 fired this morning, some 1st years, some 4th and 5th years. Firm wide meeting at noon central
We have contacted the firm, but they have not yet responded.
We will update you as soon as we can confirm or deny this report.
Update (3:03): Bell Boyd has confirmed 10 associate layoffs. Please see here for additional coverage.
There are moments in life when one is confronted with the inconsideration of others and can be moved to despise one’s fellow man — e.g., when stepping in discarded bubble gum, or passing through an exhaled cloud of smoke while jogging.
One Yale Law School student had a moment like this in the ladies’ restroom, and she has blasted the student list-serv urging greater consideration in the future.
Here is an excerpt:
Dear Prissy Chicks of YLS,
WHY do you squat over the toilet seat and splatter it with pee instead of just sitting on it like everybody else — or at least cleaning up after yourself? I just went to the ladies room downstairs by the ATM and two of those friggin toilets were liberally spritzed, thanks to your selfish carelessness. Consider:
1. Yes, toilet seats at our school come into contact with the asses and thighs of many many people. But your ass and thighs are not alone in this world!!! Would it kill you to put your naked buttcheeks on the toilet seat, anyway? It’s not like you’re going to be eating off them! By squatting above the toilet seat and cattily spraying everywhere, you force sensible women to deal with your uric carnage. You either make that toilet unusable, or make the braver women wipe off your peepee…
You might not want to sit on the toilet seat, but *nobody* wants their bum and thighs to be dampened by your prissy potty puddles.
The hazard of being a female. There have been many replies to this, reproduced after the jump. We wanted to highlight this comment, scoring a point for Harvard in the YLS / HLS debate:
You’d think a school with the resources of YLS could tend to its most basic sanitation requirements. (Harvard provides free tampons in the women’s restrooms, and perhaps their toilets function, as well.)
Full angry e-mail — with detailed instructions on bathroom use, and myriad replies — after the jump.
We’ve reported that firms with “oversubscribed” summer classes are calling up 2Ls and encouraging them to not accept their 2009 summer associate offers. Unlike Akin Gump’s move, the tactic is a clever dodge around the NALP guidelines. As we understand it, firms are not committing these “cold offers” to email, instead using the telephone and avoiding a paper trail.
Career services departments are trying to cope with this new law firm tactic. Some Michigan students received this email from their career services dean:
Hi. It is my understanding that you have an offer from White and Case in New York. After talking to contacts in the New York legal market, it appears that White and Case may have over-hired for next summer and has a particularly large class. Therefore, it may be in your best interest to take another offer if you have one.
According to the WSJ Law Blog, White & Case claims ignorance over why Michigan would send out this email:
A spokesman for White & Case told the Law Blog: “We don’t know, honestly, why a law school career services office would send out these letters. No on has talked to us about the situation, and we’ve certainly not encouraged anyone to send out letters to students.”
Notice how White & Case did not say “we intend to honor every summer associate offer we’ve made.”
We have been consistently encouraging 2Ls to accept their offers sooner rather than later. Many career services departments have echoed that advice. White & Case joins Proskauer as one of the firm that has been “outed” as telling people that they should look elsewhere for offers, but we suspect that many firms are doing this.
A central theme running through this week’s bonus speculation was that bonus decisions would be made much later this year than last year. As first reported here, Cravath kicked off the bonus season last year on October 29th, 2007. But in 2006, Milbank didn’t get the ball rolling until December 8th.
The first solid information that bonus decisions could be made a lot later this season came in today from Morgan, Lewis & Bockius. MLB associates were notified that bonuses would not be paid before the holidays via a firm wide email.
Unless something very strange happens, California’s electoral votes are already spoken for. In fact, we might know the next President long before the California polls close.
But regardless of the national election, there are many reasons why Californians should go vote on November, 4th. For many, Proposition 8 (the initiative to ban gay marriage) will be the signature issue on the ballot.
We have reported on attorneys from Orrick and Proskauer staking out positions on Prop. 8. Yesterday, the Daily Journal did a thorough breakdown of Prop. 8 campaign spending.
The California Marriage Protection Act has prompted more than 2,600 attorneys, judges and law professors to write checks totaling at least $1.6 million, but the committees that oppose the measure received 14 percent more money from the legal community than those who support it, an analysis by the Daily Journal shows.
No Biglaw firm took an “official” stance on the issue, but the Daily Journal reported that attorneys at Knobbe Martens, Sheppard, Mullin, Latham & Watkins, Richter & Hampton and Kirkland & Ellis led in terms of individual contributions.
Watch to find out what some of our subscribers received in their May box!
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We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at firstname.lastname@example.org in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
The last time I flapped my wings your way, I tried to make at least enough noise about your mobile phone to make you more than a little bit uncomfortable. I hope I did. If enough of us become anxious enough about the known and unknown unknowns and knowns in our mobile phones, then we can start making wise decisions about how to manage that information and its resultant investigations.
Today, I’d like to put a finer point on the last installment’s topic by asking a question that seemed to catch most attendees off-guard at a conference panel that I moderated last week: is there discoverable personal information in a mobile app? Our panelists’ answer was a uniform “yes” with one stating that, if he had to choose only one type of data that he could discover from a mobile phone, he’d choose app data. Why? Because there’s simply so much of it and because almost all of it is objective – not just user-created like an email – but machine-tracked like GPS, usage duration, log in and log out times, browsed web addresses, browsed actual addresses. Also, most of us seem to have the idea that data doesn’t actually “stick” to our mobile devices the way it “sticks” to our hard drives. Maybe there’s a disconnect based on the fact that our phones are mobile so we assume the data is mobile to?
The traditional job application and interview process can be impersonal, and applicants often struggle to present themselves as more than just the sum of their GPAs, alma maters, and previous work history. ATL has partnered with ViewYou to help job seekers overcome this challenge. ViewYou NOW Profiles offer a unique way for job seekers to make a personal, memorable connection with prospective employers: introduction videos. These videos allow job candidates to display their personalities, interpersonal skills, and professional interests, creating an eDossier to brand themselves to potential employers all over the world. Check it out today!