Morning Docket 01.26.09
* The country’s top newspapers are full of law firm recession news. The New York Times looks at the salary freeze phenomenon at top firms, with some help from David Lat. [New York Times]
* And the Wall Street Journal reflects on the recession’s effect on law firms, focusing in on the demise of Heller Ehrman. The same thing that ruined baseball is putting the squeeze on mid-size firms: senior players shopping themselves to other teams. [Wall Street Journal (subscription)]
* The Patriot Act has led to legal trouble for many a non-terrorist airplane traveler. The law has been used to prosecute plane passengers who spilled bloody Marys, used profanity, and engaged in “overt sexual behavior.” [Chicago Tribune]
* Public Service Announcement: Get free make-up at Dillard’s, Macy’s, Nordstrom and Bloomingdale’s thanks to a class action settlement over price fixing. [Virginian-Pilot]
* Contempt of court, moral turpitude charges, and a suspended law license won’t stop Andrew Fine. [Los Angeles Times]
* Edward Genson, Rod Blagojevich’s chief defense attorney, said good night and good luck to the governor on Friday, hinting that Blago refuses to listen to his advice. [Associated Press via Wonkette]
* Congratulations to the new batch of Skadden fellows. Harvard, NYU, and Michigan students make a strong showing among this year’s recruits to the “legal Peace Corps.” [Skadden Arps via PRNewswire]
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law firm recession
Any confirmation on possible Cahill layoffs?
Pfizer counsel?
Wait, so the rumor is that a lot of senior lawyers have been taking steroids? What the hell are you talking about?
Dow + Rohm & Hass off
Iceland's government will officially collapse tommorow
Lat loves salary freezes, apparently. Douchenozzle.
This blog (non legal) has some great commentary on the recession issue. \justmarvy.blogspot.com
Kash for EIC!
Economy falling apart and Skadden funds a new batch of fellows. Bravo.
What is the gist of the WSJ article?
*gives michigan skadden fellows a high five*
Go Blue! Nervous supports you!
You guys have more guts than me, I took the money and ran. But that's because I'm a nervous T-10 1L.
-nervous T-10 1L
4 interviews
3 offers
1 sa position
Hey nervous - Congrats on the offers....models and bottles soon enough.
Good to have ya back
Lat: “There is this sense that firms didn’t act prudently during the boom and now they are getting religion, and that it’s better late than never"
You mean like ramping up fixed costs by jacking up salaries for first years by 20% to feed the sense of entitlement that blogs like this engender? Interesting.
For an effective debunking of the Chicago Tribune's 'Patriot Act' article (originally published in its sister paper, the Los Angeles Times) see:
http://patterico.com/2009/01/22/la-times-has-substantially-misleading-story-on-the-patriot-act-and-unruly-airline-passengers/
14 - Associate wage increases lag firm billing rate increases. Don't put the cart before the horse. If feeling that you deserve a greater share of your billing rate as that figure increases, then, yeah, call me entitled.
The Tribune article was debunked as pure crap several days ago at Popehat and Patterico. Maybe you could replace the headline to reflect this?
Read 15's link. Very disappointed, Kash.
it's richard fine, not andrew!