March 2009

  • Non-Sequiturs

    Non-Sequiturs: 03.18.09

    * Could the United States Congress just get over itself with this AIG “outrage?” Enough already. Look, I’m a Democrat. I’d slap a progressive tax on nuns if they’d let me (more pious and virtuous = more tax, if you’re playing along at home. Eye of a needle baby). But this breathless “they tuk urrr […]

    84 Comments / / Mar 18, 2009 at 5:06 PM
  • Job Searches, Law Schools, Loyola Law School, Transfer Students

    Are Top Loyola Law Students Getting Poor Services?

    Is it right for a law school to discourage students from transferring? Is it right for a law school to deny services to students who are considering transferring? Because it looks like that is what happening at Loyola (L.A.) Law School right now. Loyola has moved up its on-campus interview season; it now starts in […]

    226 Comments / / Mar 17, 2009 at 7:04 PM
  • Biglaw, Contests, March Madness 2009

    ATL March Madness for Law Firms, Round 1 (Part 1): Which Biglaw Firm is Safest?

    [Ed. note: To catch up on the latest round of the tournament, check out the March Madness 2009 category thread.] The NCAA basketball tournament starts up this week. If your team is already out, or you’re only half-heartedly rooting for your team (Sigh. Go Duke.), we are offering you a different contest to take part […]

    256 Comments / / Mar 17, 2009 at 11:13 AM
  • Associate Salaries, Biglaw, Partner Profits

    Ending Lockstep Salaries, But What About Billing?

    There is a report in Bloomberg today, about the attempts some firms are making to end lockstep associate salaries: The firms are responding to the plunge in corporate, real estate and finance work by overhauling compensation for associates, who often total as many as two-thirds of a firm’s lawyers. Some, like Orrick, are beginning to […]

    100 Comments / / Mar 16, 2009 at 12:07 PM
  • Letter from London, Magic Circle, United Kingdom / Great Britain

    Letter from London: U.K. Confidential

    Ed. note: The legal world is much bigger than New York, or Washington, or even the United States. Welcome to the inaugural installment of “Letter from London,” a weekly dispatch from the other side of the pond. Our U.K. correspondent, Isaac Smith, will expose ATL readers to the latest goings-on in the London legal world. […]

    56 Comments / / Mar 16, 2009 at 11:07 AM
  • Dewey & LeBoeuf, Partner Profits

    Dewey & LeBoeuf: Partners, It’s Your Turn

    The American Lawyer reports that Dewey & LeBoeuf is taking money out of the pockets of under performing partners: Dewey & LeBoeuf has confirmed that 66 partners — about one in five of the firm’s 350 partners — have seen their compensation reduced by as much as 80 percent over the past 15 months. The […]

    156 Comments / / Mar 16, 2009 at 10:18 AM
  • Layoffs

    This Week In Layoffs: 03.14.09

    [Ed. note: Above the Law has teamed up with Law Shucks. Law Shucks has done excellent work translating all of the layoff news into user-friendly charts and graphs: the Layoff Tracker.] The trend for this week is returning to the well. We’re seeing a number of firms that have had previous layoffs trimming further. White […]

    349 Comments / / Mar 14, 2009 at 4:07 PM
  • Non-Sequiturs

    Non-Sequiturs: 03.13.09

    * Okay, I don’t want to jinx anything or anybody. I really don’t. But, as clear as I can tell, today is the first business day this month that no major law firm announced layoffs. In fact, I believe that it is the first day since Monday, February 16th that no major law firm announced […]

    92 Comments / / Mar 13, 2009 at 5:00 PM
  • Summer Associates

    When Can First Years Expect to Start At Pillsbury?

    We have extensively covered the comings and goings at Pillsbury Winthrop. Last Thursday, we told you that 14% of the firm’s associates has left — either voluntary or involuntarily. Unlike many of the firms that have laid off people this month, Pillsbury left open the question of what would happen with its incoming first years. […]

    84 Comments / / Mar 13, 2009 at 4:00 PM
  • 1st Circuit, Harvard, Harvard Law Review, Michael Boudin, New York Times, Weddings

    Legal Eagle Wedding Watch 3.8: Upper Register

    Just two lawyer weddings show up on the Legal Eagle Wedding Watch this week, but both are vigorous, Ivy-licious contenders. There’s even a juicy clerkship in the mix to herald the approach of spring! Here are our finalists: 1. Allison Podell and Bradley Saft 2. Dina Mishra and Benjamin Shultz More about these couples’ qualifications, […]

    / Mar 13, 2009 at 2:55 PM
  • Admin

    Enough With The Scare Tactics

    Apparently, some of you have been receiving emails from your firm telling you not to communicate with “the media” about all the things going on around the office. Thanks, by the way, for sending us those emails. It seems like some firms want to keep their layoffs really, really quiet. Evidently, these firms believe that […]

    116 Comments / / Mar 13, 2009 at 2:18 PM
  • Husch Blackwell, Layoffs, Screw-Ups

    Husch Blackwell Follow-Up

    For a Midwestern firm, Husch Blackwell drew a lot of comments (and a huge amount of email) yesterday. Perhaps that had something to do with the fact that firm chairman Dave Fenley declined to use the term “layoffs” in connection with the firm’s actions, saying the term wrongly implied the attorneys were let go because […]

    73 Comments / / Mar 13, 2009 at 12:55 PM
  • Credit Crisis, Wall Street

    Jon Stewart v. Jim Cramer

    This isn’t really our beat, but Dealbreaker has the full video of smackdown Jon Stewart gave Jim Cramer on The Daily Show last night. It’s great television YouTube. Granted, Stewart’s grasp of macroeconomics is not great. But it is significantly better than Bill Maher’s (who asked Erin Burnett last week why “growing” was important for […]

    114 Comments / / Mar 13, 2009 at 12:09 PM
  • Biglaw, Job Searches

    Interview Tips: Biglaw to Small Law (Part II)

    [Ed. Note: There are a lot of associates out there who have been recently laid off from Biglaw jobs. Many of them are trying to get jobs at small to medium sized firms. But the mechanics of getting one of those precious jobs are a lot different from what people experienced during on-campus interviewing season. […]

    145 Comments / / Mar 13, 2009 at 10:08 AM
  • Morning Docket

    Morning Docket 03.13.09

    * Welcome to the second Friday the 13th of 2009, and the end of another horrific week in law firm layoffs. “Layoffs are heading inland as firms that were initially buffered from the financial crisis start to see business slow down as with their coastal competition.” [National Law Journal] * After Senate confirmation, USAG Eric […]

    17 Comments / / Mar 13, 2009 at 8:58 AM
  • Non-Sequiturs

    Non-Sequiturs: 03.12.09

    * I used to like watching Bob Ross. He used to remind me that you could always create something beautiful using very basic tools. And he was so peaceful. I like peace. I like things that are great…. Sorry, do you want a hit of this? [The Complete Lawyer] * Things are pretty hard in […]

    37 Comments / / Mar 12, 2009 at 7:11 PM
  • Husch Blackwell, Layoffs

    Nationwide Layoff Watch: Midwest Firms Have Lawyers, Fire Them Too

    The mid-sized large Midwestern firm of Husch Blackwell laid off a number of attorneys and staff today, proving once again that nobody is safe from the economic downturn. Husch laid off 17 attorneys, including partners, and 45 staff today. For some strange reason, Husch Blackwell doesn’t want to actually admit that these layoffs were due […]

    69 Comments / / Mar 12, 2009 at 6:10 PM
  • Pro Bono, Public Interest, Summer Associates

    Skadden Offers a Voluntary Deferral Option

    Is there not enough to go around, even at Skadden? Maybe so. The firm just sent around an internal email announcing the expansion of the firm’s “Sidebar” program. For the uninitiated, a tipster describes the Sidebar program: Sidebar allows attorneys to take extended time from the Firm to pursue personal interests while maintaining a connection […]

    214 Comments / / Mar 12, 2009 at 5:28 PM