You can access the various charts via this portal page. Aric Press and Greg Mulligan summarize the results:
It could have been worse. That’s the best that can be said for the performance last year of The Am Law 100, the top-grossing law firms in the nation. Three of the four key categories we’ve measured for 25 years — gross revenue, head count, and revenue per lawyer — fell, while profits per equity partner (PPP) barely increased by 0.3 percent, or $3,463, to $1.26 million.
So PPP was basically stable in 2009 — not a bad result given the continuing economic weakness last year. Perhaps law firm partners are better business managers than they get credit for?
Earlier today, we wrote about an email controversy emanating from the halls of Harvard Law School. A 3L at HLS — referred to in these pages simply as “CRIMSON DNA,” and please help us keep it that way — sent out an email message that some construed as “racist.” In the email, “CRIMSON DNA,” following up on remarks made during an apparently spirited dinner conversation, wrote as follows:
I absolutely do not rule out the possibility that African Americans are, on average, genetically predisposed to be less intelligent. I could also obviously be convinced that by controlling for the right variables, we would see that they are, in fact, as intelligent as white people under the same circumstances. The fact is, some things are genetic.
That was just the opening. Read the rest of DNA’s email over here.
We now bring you some corrections and clarifications, as well as additional discussion — in case the 100+ tweets, 800+ comments, and 1,000+ Facebook shares weren’t enough for you….
There’s just one day left to vote in ATL’s Second Annual Law Revue Video contest. Check out the seven finalists — from Columbia, Northwestern, NYU, SMU, Wash. U., Windsor, and Berkeley — and vote before midnight on Thursday.
Columbia and Northwestern are currently in a fierce competition for the crown. There have been some not-so-funny allegations of rigging the vote, so we’ve asked our friends at Vizu to monitor the poll and flag any suspicious activity. So keep the voting clean, folks.
We’ve already given out dishonorable mentions. There were three other videos that we would like to footnote, which just missed the cut for final contenders.
GWU and University of Chicago-Kent made this list, as did one of the schools among our finalists…
Every once in a while, we talk about fashion here at ATL, such as our recent post on the Chicago Bar Association’s (confusing) advice for how legal types should dress.
But the real experts on fashion here in the Breaking Media offices are the ladies at our sister site Fashionista. They’ve recently weighed in on how Ann Taylor LOFT got around the new FTC regulations for bloggers and on Fordham University’s new Fashion Law Institute
Given students’ difficulties finding “regular” law jobs, Fordham is apparently thinking outside of the box. Elle Woods would be proud.
Congratulations to Mr. Chuck and his co-conspirators. It appears that their efforts to exert grassroots pressure on Mayer Brown, with the goal of getting the firm to inform them of the terms of their offers, have borne fruit.
As first mentioned in the comments on our post from yesterday regarding Winston & Strawn, incoming associates at Mayer were recently informed of their offer terms. Their time in limbo is now over.
While two of your ATL editors are stuck in unseasonably cold New York, Elie Mystal landed in Puerto Rico today to attend NALP’s Annual Education Conference. Judging from NALP’s website, it sounds like there was some controversy over the exotic location. They have a whole section devoted to “Why Puerto Rico?” (“It’s home to three NALP member law schools and a number of important legal employers.”)
Regardless, Elie is happy to be there, though also a little scared given some of the previous things he’s written about the organization. He’ll be filing posts based on sessions he attends, as well as covering the conference pithily in real time on the ATLblog Twitter feed.
Check out the conference schedule here and tweet at Elie and at ATL if there’s something you desperately want him to attend. Elie’s currently at the session on “Recruiting in the Aftermath of the Recession,” led by Frank Kimball of Kimball Professional Management and Helen Long, the director of legal recruiting at Ropes & Gray LLP. He tweets:
Recruiting in the aftermath of the recession. “aftermath”?? Yeah, this should be fun
Many large law firms realize the importance of maintaining good ties with their alumni. It’s the right thing to do, and it’s also the smart thing to do. Biglaw alums often end up in places where they can be helpful to their former employers — e.g., in-house, government, and the media (cough cough).
They were also invited to a cocktail party. This didn’t go over so well with those who became alumni involuntarily, i.e., the laid-off:
Are they f**king kidding me? Oh man I want to go to their Spring Fling. Cocktails in the boardroom. Do you think if we get really drunk we’ll be escorted out by security? Because I enjoyed it the first time.
Wait a sec — did the firm really have laid-off lawyers accompanied out by security?
The holiday season is upon us, and yet again, you have no idea what to get for the fickle lawyer in your life. We’re here to help. Even if your bonus check hasn’t arrived yet, any one of the gifts we’ve highlighted here could be a worthy substitute until your employer decides to make it rain.
We’ve got an eclectic selection for you to choose from, so settle in by that stack of documents yet to be reviewed and dig in…
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: firstname.lastname@example.org.
We currently have a very exciting and rare type of in-house opening in China at one of the world’s leading internet and social media companies. Our client is looking for an IP Transactional / TMT / Licensing attorney with 2 to 6 years experience. The new hire will be based in Shenzhen or Shanghai. Mandarin is not required (deal documentation will be in English) but is preferred. A solid reason to be in China and a commitment to that market is required of course. This new hire will likely be US qualified (but could also be qualified in UK or other jurisdictions) and with experience and training at a top law firm’s IP transactional / TMT practice and could be currently at a law firm or in-house. Qualified candidates currently Asia based, Europe based or US based will be considered. The new hire’s supervisors in this technology transactions in-house team are very well regarded US trained IP transactional lawyers, with substantial experience at Silicon Valley firms. The culture and atmosphere in this in-house group and the company in general is entrepreneurial, team oriented, and the work is cutting edge, even for a cutting edge industry. The upside of being in an important strategic in-house position in this fast growing and world leading internet company is of the “sky is the limit” variety. Its a very exciting place to be in China for a rising IP transactional lawyer in our opinion, for many reasons beyond the basic info we can share here in this ad / post. This is a special A+ opportunity.
If your firm is in ‘go’ mode when it comes to recruiting lateral partners with loyal clients, then take this quiz to see how well you measure up. Keep track of your ‘yes’ and ‘no’ responses.
1. Does your firm have a clearly defined strategy of practice groups that are priorities of growth for your office? Nothing gets done by random chance, but with a clear vision for the future. Identify the top practice areas for which you wish to add lateral partners. Seek input from practice group leaders and get specifics on needs, outcomes, and ideal target profiles.
2. In addition to clarifying your firm’s growth strategy, are you still open to the hire of a partner outside of your plan? I’ve made several placements that fit this category. The partner’s practice was not within the strategic growth plan of my client, but once the two parties started talking with each other, we all saw how it could indeed be a seamless fit. Be open to “Opportunistic Hires.” You never know where your next producing partner might come from, so you have to be open to it. I will be the first to admit that there is a quirky element of randomness in recruiting.
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!