Archive for August 2009

Non-Sequiturs: 08.06.09

harvard yard launch.jpg* Prestige whores, rejoice! Harvard University is coming out with its own men’s fashion line. [Fashionista]
* Clerquette’s entertaining take on today’s Sotomayor confirmation vote. [Underneath Their Robes]
* A depressing thought: Is business school even less useful than law school? [Adam Smith, Esq.]
* Speaking of law school, if you’re a legal academic — current or aspiring — check out this very interesting post by Professor Paul Horwitz, “On Writing ‘Small.’” [PrawfsBlawg]
* If Facebook offered Shepardizing (or KeyCite, for the youngsters among you). [Courtoons]
* Are the Big Four accounting firms following in the footsteps of Biglaw, by freezing or cutting salaries? [Going Concern]
* Well, being an underpaid accountant beats being an imprisoned one. [Going Concern]

Schiff Hardin logo.JPGEarlier today, we wrote about Schiff Hardin sending a mass e-mail to its retired partners letting them know that they were being moved to temporary offices during a renovation of the firm’s Chicago office. The e-mail read as if the partners were not getting their own offices upon their return and were being asked to cut back their time at the office.

Schiff got in touch with us this afternoon with an update. Despite the language in the e-mail, in fact, all special partners will be getting their own offices when renovations are complete, according to Schiff’s spokesman. They just won’t be in the same offices as before. There will be no change in the partners’ status with the firm, he added.

Schiff’s spokesman could not explain why the e-mail read like a dismissal letter.

Earlier: Nationwide Layoff Watch: Partners Emeriti at Schiff Hardin?

Career Center AboveTheLaw Lateral Link ATL.jpgThe Career Center, powered by Lateral Link, saw record numbers of users in July, and a new firm is at the top of the charts in the ATL-LL Top 20. With hiring picking up and on-campus recruiting getting underway, we wanted to remind you about all the useful information that we have compiled over on the Career Center. In each firm snapshot you will find information about compensation, billable hours, facetime and vacation policies, pro bono work, partnership prospects, benefits and the overall associate experience. In addition, in the coming weeks we will be adding new information about the summer program based on our survey of 2009 Summer Associates (you can still add your two cents, by clicking here).
Now on to the ATL-LL Top 20 — the most requested firms from the across the nation for the month of July.
Taking the crown for July is: Davis Polk & Wardwell. No doubt the news of Davis Polks recent (website) facelift boosted your curiosity about the quality of life for all those hard workin’ hotties.
In the number two spot, crowd favorite Skadden Arps — but this month Skadden trails far behind Davis Polk.
Coming in third, DLA Piper, a firm that made headlines in July when it changed up its summer program, pulled out of Duke, and cut over 100 people from its payroll.
Rounding out the top 20 are some regular fan favorites and some new names. Check them out, after the jump.

double red triangle arrows Continue reading “Career Center: Who Wears the Crown for July?”

Sonia Sotomayor Above the Law small.jpgThe U.S. Senate is now voting on the nomination of Judge Sonia Sotomayor (2d Cir.) to serve as an Associate Justice of the Supreme Court of the United States.
Senator Al Franken presiding. It’s interesting and weird to see him in this role. Are we watching an SNL skit?
The normally empty Senate chamber is full. The senators are sitting at attention, looking like dutiful students.
The clerk is calling the roll. She refers to Senator Barbara Boxer (D-CA) as “Mrs. Boxer,” and she does the same for several other married female senators (e.g., “Mrs. Gillibrand,” “Mrs. Hutchison,” etc.). It’s kinda cool, in an old-school sort of way.
Senator Ted Kennedy (D-MA) doesn’t vote — he’s absent from the Senate, due to illness — but he has expressed his support for Judge Sotomayor.
Senator Franken asks if any senator who has not already voted wishes to vote, or if any senator who has voted wishes to change her vote. Going once, going twice….
FINAL VOTE TALLY: 68-31, in favor of the nomination. Nine Republicans joined 59 Democrats to vote in favor of confirmation.
CONGRATULATIONS, JUSTICE SOTOMAYOR!!!
P.S. Okay, she’s not technically a justice yet — but she will be soon, once Chief Justice Roberts administers the oath of office. Hopefully JGR will do it better this time.
Update: Clerquette has more discussion over at Underneath Their Robes.

Foley Lardner LLP logo Above the Law blog.jpgFirst they came for the Kleenex. Then they came for the coffee.
All around the country, law firms large and small are cutting costs by revoking perks. Today we heard from an unhappy camper — perhaps deprived of their customary caffeine? — at Foley & Lardner:

I can handle them taking away the Christmas party and giving us a 10% pay cut. But ratcheting up the cost of my soda by 150% is where I draw the line!

From an internal memo that went around this morning:

Vending machine prices – It has been several years since we last changed the price of beverages in the vending machines, yet our costs have increased steadily over those years. In order to bring the prices we charge in line with current costs, the price for soda and water will increase to $.75 and the price for juice will increase to $1.00. The new prices are still well below those found in public vending machines or stores, but will reduce or eliminate the need for the office to subsidize these items.

Frankly, we’re a bit puzzled. Isn’t it in Foley’s business interest to have well-caffeinated associates? Could the associates deprived of discounted Dr. Pepper have a Good Samaritan claim — oh, never mind….
The full memo — apparently there’s no such thing as a free lunch, at least at Foley & Lardner — after the jump.

double red triangle arrows Continue reading “Reversed Perk Watch: Soda Subsidy Slashed at Foley & Lardner”

Blind Item: Flouting the NALP Rules?

blind item AboveTheLaw legal blog.jpgLate last month, we heard reports that one prominent law firm was not complying with the hiring rules and timetable set forth by the National Association for Law Placement (NALP). More specifically, we heard that this firm was refusing to follow NALP’s 45-day rule for accepting offers of summer employment. Rather, the firm was giving students only two weeks to accept or decline offers (and planning to take that approach for the entire cycle of on-campus interviewing this fall).
Why have we decided to run this as a blind item? We understand that, since the time of the original reports, the firm in question has moved into compliance, setting aside its original plan to ignore the NALP timetable this year.
But this does raise a question: In light of the grim economy and the current turmoil in the legal job market, should the NALP rules be revised in any way, or perhaps temporarily suspended for this year?
We’re working on a longer post about this very subject. If you have views on the issue, feel free to opine in the comments, or email us (subject line: “NALP Rules”). Thanks.

Schiff Hardin logo.JPGWe’ve noticed in comment threads that many of you would like frequent commenter Partner Emeritus to retire. But he’s a persistent one. Perhaps frustrated readers should take a page from the book of Schiff Hardin.

The 400-attorney firm found an interesting way to get rid of its partners emeriti in the firm’s Chicago office. It will move its “special partners” to temporary offices while its main building is being renovated, and then not move them back.

UPDATE: It appears there was a misunderstanding. A clarification from the firm appears here.

The firm notified its retired partners, referred to as “special partners,” on Sunday. And not in a very nice way. They got the message via mass e-mail:

Dear Special Partners,

As you know, we are about embark upon the renovation of our space in Chicago. We will move to temporary space two floors at a time and then return to our improved floors. We will use this opportunity to reshuffle offices

Some of you have volunteered to move offices when we return to the renovated space. I have not, however, had an opportunity to speak with all of you about this topic. With one exception, you will not be returning to your present office.

The mass e-mail that Schiff Hardin’s (not-so special?) partners emeriti got, plus a clarification from the firm, after the jump.

double red triangle arrows Continue reading “Nationwide Layoff Watch: Partners Emeriti at Schiff Hardin?”

Craigslist small.jpgA tipster drew our attention to this Craigslist ad in Chicago, observing:

Check out the awful job being made available to new law grads in Chicago. Fifty percent lawyer work / fifty percent secretary work — for the amazing amazing salary of $27K a year. Plus you get to commit for a whole year!

It’s amazing. I’m sure people are flocking to it.

Sadly, in this economy, people probably are flocking to it. After all, $27K > unemployment benefits. Remember how this joke job listing received over 100 responses?
The Chicago posting begins:

Small high quality congenial Loop law firm with national securities arbitration and corporate practice seeks recent Law Grad (top 25% of class) for one year position that will involve 50% lawyer work and 50% paralegal / word processing. Excellent learning and training opportunity.

Indeed. Some of those Word macros are pretty tricky! No wonder you need to be in the top 25 percent.
But wait, there’s more….

double red triangle arrows Continue reading “Give us your tired, your poor, your huddled law school graduates, yearning to… earn $27K? For half-lawyer, half-paralegal work?”

taking some names off above the law.jpgThe Legal Intelligencer had a piece yesterday on the continuing debate over law firm names: to shorten or not to shorten? Gina Rubel says the debate has been raging for years, citing an article she wrote about it as early as 2003. She says most legal marketing experts agree that firms should keep their names snappy and provides eight reasons why:

1. Better branding;
2. More memorable;
3. Easier to say and repeat;
4. Easier to register Web site URLs;
5. More marketable;
6. Supports name recognition;
7. Works better with social media and emerging technologies;
8. Easier to say in media interviews.

One of the firms that has fully embraced the “shorter is better” approach is Morrison & Foerster. The firm is already just two names, but it has chopped it down even further, usually marketing itself as “MoFo.”
We love the simplicity and brazenness of a firm branding itself MoFo. Plus, it makes referring to acquaintances there more fun. E.g., “How’s Dave doing? You know, MoFo Dave?”
After the jump, we have some suggestions for other law firm name elisions. Would you rather work for ClearGo or Cleary Gottlieb Steen & Hamilton? We’ve also got a poll to find out whether “length matters.”

double red triangle arrows Continue reading “When It Comes to Law Firm Names, Does Size Matter?”

Morning Docket 08.06.09

william jefferson.jpg* Former Louisiana Democratic Congressman (and HLS grad), William Jefferson, found guilty of bribery, racketeering, money laundering, and misuse of his freezer. [New York Times]
* The Sotomayor scorecard: At least eight Republican senators plan to vote to confirm her Supreme Court nomination. [Washington Post]
* We wrote yesterday about George Sodini, the LA Fitness shooter whose chilling online diary mentioned layoffs at K&L Gates. ABC News says the former K&L Gates system analyst was “likely psychotic.” Yeah, you think? [ABC News]
* Walmart makes Clarence Thomas and his RV supremely happy. [WSJ Law Blog via ABA Journal]
* Former firm partners are in a complicated dance over strip club litigation. [American Lawyer]
* Could Twitter face patent problems? [Threat Level/Wired]

Harvard Law School seal logo.jpgOh, how times have changed. Back in May 2008, Massachusetts was contemplating an excise tax on university endowments. This proposed tax law change would have imposed a 2.5% annual assessment on Massachusetts colleges with endowments over $1 billion. (Cough cough, Harvard.)
Alas, Harvard doesn’t need any help from the government when it comes to dissipating its endowment. For the fiscal year ended in June, it’s looking at a decline in its endowment of about 30 percent.
The university — home to the legendary Harvard Law School, arguably the nation’s finest law school — isn’t taking these losses sitting down. Instead, it’s bringing in new talent to help manage its money.
Read more, and discuss, over at Dealbreaker.
He Was Wearing My Harvard Tie. Can You Believe It? [Dealbreaker]

Non-Sequiturs: 08.05.09

Althouse engaged.jpg* Naked shorting: it sounds hot, but it might just get you into trouble with the SEC. [Dealbreaker]
* So you worked for Bernie Madoff — or Marc Dreier, aka Mini-Madoff. Is it okay to lie on your résumé? [Let's Talk Turkey]
* Are Canadian law students and lawyers cuter than their American counterparts? Based on the ones in this video, yes. [Law Is Cool]
* In case you’re wondering, Professor Ann Althouse kept her name when she married her commenter / suitor — no “Mrs. Meade” for her. [Althouse]
* Boobies!!! (Maybe NSFW, but probably not — it’s artsy photography, for Australian Vogue.) [Fashionista]

Salary Cuts.jpgMight this be the kindest cut of all? Perkins Coie just announced a salary cut for associates, but it’s rather small — and it was accompanied by good news.
Today a firm-wide voice mail from managing partner Robert Giles went out, announcing the following:

– an average 3.8 percent pay cut for Perkins Coie associates, effective September 1;
– deferred salary rollbacks in some offices — e.g., Menlo Park — until “our competitors in these markets rollback associate salaries” (hmm, sounds like an invitation to us); and
– an expression of confidence that there will be no more layoffs this year.

We reached out to Bob Giles, who confirmed the accuracy of the foregoing.
All in all, it’s on the mild side for bad news, sort of like the firm’s modest layoffs back in April (just 12 attorneys). No wonder Perkins employees seem to like the place so much.
P.S. Congratulations to Perkins Coie partner Harry Schneider, this year’s winner of the American Inns of Court’s Professionalism Award for the Ninth Circuit. We met Schneider at the Ninth Circuit Judicial Conference, where the honor was presented to him in person. Schneider successfully represented Guantanamo detainee Salim Hamdan in Hamdan v. Rumsfeld.
Earlier: Prior ATL coverage of Perkins Coie

Glue(d) Stick Victim Arrested

Women glue husband penis.JPGRemember the fellow we mentioned yesterday, whose wife (and her friends) gave him the reverse Bobbitt treatment, by gluing his penis to his stomach?
Poor guy — things have gone from bad to worse for him. From the Madison Capital Times:

The eastern Wisconsin man who was the victim in a bizarre plot to punish him for disloyalty in a lover’s quadrangle is in jail.

Fond du Lac Police Capt. Steven Klein said Wednesday the 36-year-old man was arrested Tuesday on allegations of child abuse, theft, unlawful phone use and harassment with a death threat in a domestic abuse investigation.

Sounds to us like a very sticky situation.
Man who was victim of glue-toting women is arrested [Madison Capital Times]
Earlier: Wife (And Friends) Glues Husband’s Wang

Bad News for Lawyers….

Specter Switches parties.jpgAnd accountants, and investment bankers. Senator Arlen Specter (D-PA) has introduced legislation that, if passed, would make it easier for investors to sue law firms, accountants and investment banks involved in perpetrating fraud. The law would effectively overrule Supreme Court precedent placing limits upon suits against parties with indirect involvement in fraud.
Read more — and comment — over at Going Concern (link below).
Arlen Specter Not Pandering to the Bean Counter Vote [Going Concern]

Notes from the Breadline Roxana St Thomas.jpgEd. note: Welcome to the latest installment of “Notes from the Breadline,” a column by a laid-off lawyer in New York. Prior columns are collected here. You can reach Roxana St. Thomas by email (at roxanastthomas@gmail.com), follow her on Twitter, or find her on Facebook.
On a drizzly Thursday morning, my friend Giovanna calls to invite me to lunch. “I have a window between a meeting and a conference call,” she says, referring to concepts that are increasingly foreign to me. “Come and meet me.”
“I don’t know,” I say guiltily, tallying the lunches, dinners, and coffees to which she has treated me in the past few months, “you just bought me dinner.’
“Don’t be silly,” she says cheerfully. “Consider it a public service, since you’ll have to shower.”
“Whoa!” I tell her, “let’s not be rash.”
“Take a shower,” she says sternly. “I’ll meet you downstairs at one.”
A few hours later, we are sitting at a restaurant. Giovanna is dressed beautifully for work, her hair and makeup perfect. Although I have showered, I realize that I could easily be mistaken for her maid. We talk about her new colleagues, her most recent deposition, and my job search, before the conversation turns to what women invariably talk about when they talk to other women: men.
Sitting at the table — hands wrapped around our coffee cups, voices lowered conspiratorially — I am reminded of television commercials in which women confide sheepishly about unseemly problems, like occasional irregularity or embarrassing ring-around-the-collar. But, before a chipper paid spokesperson can appear, offering us laxative yogurt or assistance with our laundry woes, we identify the issue at hand: DWUI.
No, puzzled readers — not that DWUI. Without diminishing, in any way, the seriousness of operating a motor vehicle after tossing back too many suds or hitting the pipe, let’s be clear: we are talking about something entirely different. We’re talking about the insidious problem of Dating While on Unemployment Insurance.
Read about the perils of DWUI, after the jump.

double red triangle arrows Continue reading “Notes from the Breadline: Alone, Alone, Alone”

thank you post it note.JPGA quick word of thanks to this week’s advertisers on Above the Law:

  • Stone & Magnanini (a job listing!!! see HERE)
  • University of Massachusetts, Amherst, Isenberg School of Management (read about JD/MBA programs HERE)
  • OCI Advantage
  • The New York Times
  • The Economist
  • Kinney Recruiting
  • Mestel
  • Law.com
    If you’re interested in advertising on Above the Law or any other site in the Breaking Media network, download our media kits, or email advertising@breakingmedia.com. Thanks!

  • Salary Cuts.jpgTwo weeks ago, Mintz Levin laid off 15 associates. But apparently those cuts were not deep enough. Above the Law has been able to confirm that Mintz Levin has cut associate salaries. A tipster explains it this way:

    Salaries will be adjusted as follows (firm-wide, all departments) based on this 12-month period:
    * Hours greater than 1635, salary reduced by 5%
    * Hours between 1445-1635, salary reduced by 15%
    * Hours between 1250-1444, salary reduced by 25%
    * Hours less than 1250, salary reduced by 35%
    Associates who were employed by the firm for the full fiscal years ended March 31, 2007 and 2008 and who met or exceeded target (i.e. 1925 hours) will have their salaries reduced by only 5%, regardless of their hours for the 12 month period (i.e. this safe harbor effectively only applies to 4th yr associates and above).

    To make these cuts Mintz is looking at hours billed over the last 12 months. And we all know what has happened over the last 12 months:

    [The cuts are] based on their utilization during the prior 12 months – August 1, 2008 through July 31, 2009. Why the arbitrary period? It’s a snapshot of the recession at its height.

    But the firm will make people whole and return the money at the end of the fiscal year if their projections are wrong. For people on track to make their hours in FY 2009 who nonetheless fall below the threshold if you count the entire recession against them, they will have an opportunity to get some of their money back. So they should consider it simply loaning money to the firm right now at a 0% interest rate.
    Feel better? More details, including a statement from Mintz Levin, after the jump.

    double red triangle arrows Continue reading “Nationwide Salary Cut Watch: Mintz’s Levy on Salaries”

    Bryant Edwards Bryant B Edwards Paris pied a terre.JPGEarlier this year, Latham & Watkins laid off some 400 employees (190 associates and 250 staff). This caused many to wonder about how tough times were getting at Latham.
    Well, don’t shed tears for LW partners just yet. From the New York Times:

    If a tourist passing along the Rue du Cloître Notre-Dame just looks up, it is not hard to glimpse, through the open windows above, the rich colors of old master paintings that have been stretched across a ceiling in Linda and Bryant Edwards’s first-floor apartment.

    And from the home itself, in an elegant Haussmann building dating to 1905, the family has its own view — of the garden behind Notre Dame Cathedral….

    When her husband, 54, presented her with the apartment as a gift for her 40th birthday, Mrs. Edwards envisioned a kind of “Tale of Two Cities” life, split between Paris and what was then the couple’s home in London.

    The generous husband in question, Bryant Edwards, is a partner at Latham & Watkins. Last year he moved to Dubai, where he serves as managing partner of the firm’s Middle East office. The Edwardses now use their Paris apartment as a pied-à-terre when they return to the Continent.
    So, the question you’re all wondering: How much did this amazing apartment cost?

    double red triangle arrows Continue reading “Lawyerly Lairs: Latham Partner Gives His Wife a Fabulous Paris Pad for Her Birthday”

    day pitney logo.jpgYou really have to take a step back and think about what summer associate programs used to be in order to appreciate what they are becoming. It is hard to imagine that a recruitment model that firms used for years is suddenly so “outmoded” that some firms are doing away with it entirely.
    Day Pitney isn’t canceling its summer program, but the firm is making significant changes. The firm issued a statement about its new summer mission:

    Day Pitney announced today that beginning in May 2010 the firm will alter its traditional summer associate program to focus on apprenticeships.
    The summer apprenticeship program will be an eight-week course designed to prepare law students for the practice of law through practical, day-to-day applications and on-the-job training. Apprentices will learn by shadowing Day Pitney lawyers and working with firm professionals in one-on-one coaching scenarios. They will also collaborate with lawyer teams handling ongoing client matters. The practice-based learning approach will be supplemented with focused training workshops and diversity and community service activities designed to teach law students about the firm’s culture and key core values.

    Why does the firm have to change the program to have “on-the-job training”? What does “day-to-day applications” even mean? What was wrong with the old way?
    Actually, don’t answer that. We all know what was wrong with the old way. Let’s embrace the new way of doing things after the jump.

    double red triangle arrows Continue reading “Day Pitney’s New Definition of Summer”