April 2009

  • Non-Sequiturs

    Non-Sequiturs: 04.15.09

    * U.S. News has released the ranking of part-time legal programs. Part-time. [U.S. News & World Report] * Are you just a lawyer, or are you a hardcore lawyer? [The World’s Ombudsman] * Don’t Spitzer and Posner seem like an odd match? [Dealbreaker] * The secret lawsuit. [Suits & Sentences] * We now have finalists […]

    43 Comments / / Apr 15, 2009 at 6:21 PM
  • Layoffs

    Stealth Layoff Watch: 5% Litigation Cuts at Shearman & Sterling

    Former Thelen associates might still be scrambling to pick up the pieces of their aborted legal careers, but former Thelen partners continue to land on their feet. The latest partner refugee is an All-Star. Richard Raysman (of what used to be known as Thelen Reid Brown Raysman & Steiner) has ended up at Holland & […]

    40 Comments / / Apr 15, 2009 at 4:16 PM
  • In-House Counsel, Layoffs, Wells Fargo

    In-House Counsel Layoff Watch: Wells Fargo Could Be Making Cuts

    An underreported aspect to all of the mass layoffs affecting the legal industry is the plight of in-house counsel. The day after Lehman folded, we wondered if the collapse meant the closing of a popular Biglaw exit option. We all know that banks and other financial services institutions are laying off tons of employees. In-house […]

    62 Comments / / Apr 15, 2009 at 3:15 PM
  • Biglaw

    Northwestern Law Gets ‘Proactive’

    Earlier today, we mentioned that Northwestern University School of Law has stepped up to help law students harmed by the terrible economy. We now have the full memo that details all the steps the school is taking to actually help students with the misfortune of graduating during the worst legal economy in recent memory. The […]

    62 Comments / / Apr 15, 2009 at 1:48 PM
  • Clarence Thomas, Supreme Court Clerks

    Is Justice Thomas ‘A Little Tired’ of His Job?
    (He has hired his clerks. Who are they?)

    Quite some time has passed since our last discussion of Marc Dreier, the once highflying, now disgraced Manhattan litigator. We’d like to belatedly draw your attention to three items. First, an article from the New York Post: Disgraced attorney Marc Dreier could be on the hook for $1.5 million to the white-shoe lawyers who took […]

    21 Comments / / Apr 14, 2009 at 10:06 AM
  • Non-Sequiturs

    Non-Sequiturs: 04.13.09

    * Did you take Friday off? Be glad you don’t work for a bank. [Dealbreaker] * Kash reports that the student loan bailout movement has gone viral. We are this close. Quick, somebody throw me down a well and give me Bo. “Don’t you make me hurt your dog.” [True Slant] * Wachtell does not […]

    35 Comments / / Apr 13, 2009 at 5:02 PM
  • Salary Cuts

    Greenberg Traurig: Cutting Salaries of First Years and Summers

    It has taken us a while, but Above the Law is now able to confirm that Greenberg Traurig has decided to cut salaries of its summer and first year associates. As with McGuire Woods and Allen Matkins, first year associates are looking at a 10% pay cut. A Greenberg spokesperson characterized the news in this […]

    131 Comments / / Apr 13, 2009 at 4:01 PM
  • Drugs, Parties, Perverts, Rape

    Roofiegate Resolved: Bingham Vindicated Prevails, Complaint Dismissed

    More firms are pushing back the start dates of incoming first year associates. This weekend, we learned that Winston & Strawn has pushed back start dates to January 19th, 2010. Deferred associates will receive an additional $15,000 on top of their $10,000 bar stipend. The firm is also picking up health care for its incoming […]

    159 Comments / / Apr 13, 2009 at 2:01 PM
  • Biglaw, Musical Chairs, Partner Issues, Weirdness

    Another Sullivan & Cromwell Partner Has Left the Building

    This year has been an interesting one so far for Sullivan & Cromwell. There has been happy news, like firm chairman H. Rodgin Cohen — banking M&A god, and a contender for a top Treasury Department post, before he withdrew — being named Dealmaker of the Year. There has been tragic news, like the killing […]

    / Apr 9, 2009 at 6:11 PM
  • Uncategorized

    Vinson & Elkins: Another ‘No Layoff” Promise

    Is promising associates that you won’t kick them to the curb the new trend? Vinson & Elkins had an all associates meeting yesterday, and managing partner Joseph Dilg assured associates that the firm would not resort to layoffs. Great news. Instead, Dilg told his loyal following that the firm would look to shed $40 million […]

    14 Comments / / Apr 8, 2009 at 3:12 PM
  • Schiff Hardin

    Cost Cutting At Schiff Hardin

    Ronald S. Safer, managing partner of Schiff Hardin, emailed associates last week about all of the cost cutting measures the firm was undertaking to preserve associate jobs. The memo starts with the words every associate is looking for: I know you have read with interest, and undoubtedly some trepidation, the news of law firms slashing […]

    115 Comments / / Apr 8, 2009 at 2:14 PM
  • Career Alternatives

    Career Alternatives: Poker is a Better Bet than Yale Law School

    Lawyers and poker go together like rare steak and red wine. You need many of the same logical skills, interspersed with an ability to take managed risks. With the legal job market looking like a busted straight that you shouldn’t have chased in the first place, maybe it’s time for a different game? Vanessa Selbst, […]

    18 Comments / / Apr 8, 2009 at 11:06 AM
  • King & Spalding, Locke Lord Bissell & Liddell, Start Dates

    The Latest and Greatest Nationwide Start Date Round-up

    Last month, we brought you Open Thread: Nationwide Start Date Round-up. After a flood of tips in response to that, we brought you an Expanded Nationwide Start Date Round-up. After that post, we got another deluge of tips. So now we bring you the latest and greatest round-up: more firms, more 2010 start dates, more […]

    359 Comments / / Apr 8, 2009 at 9:56 AM
  • March Madness 2009, Williams & Connolly

    ATL March Madness for Law Firms: Williams & Connolly is Crowned Biglaw’s Safest Firm

    The final round of Above The Law’s 2009 March Madness for Law Firms was actually more exciting than the final round of the NCAA tournament. While UNC routed Michigan State, Wachtell and Williams & Connolly were competing in a fierce battle for the title of Biglaw’s safest firm — the place where you are least […]

    / Apr 7, 2009 at 11:07 AM
  • Start Dates

    Expanded Nationwide Start Date Round-up

    Last month, we did a round-up of start dates for 2009 associates. Reflecting the slowdown in work at firms across the country, many firms have pushed back start dates for new associates into next year. After that post, we heard from many of you going to firms not included in the list the first time […]

    211 Comments / / Apr 6, 2009 at 12:59 PM