August 2014

Pop the Biglaw Bubbly

We feel like we’re taking magic Biglaw pills today and having hallucinatory flashbacks to 2006. The good news has been rolling in. Just today, we covered raises at Sheppard Mullin, and a 100% offer rate for D.C. summer associates at Latham & Watkins.

And over at Am Law Daily, Zach Lowe predicts good things for 2011. There will be more summer associate spots to go around next year, law school kiddies:

On-campus interviewing starts in two weeks at some schools, and early indications are that hiring at premier law firms will jump–in some cases by a lot–after plummeting this summer, according to sources at law schools and firms.

Cravath, Skadden, and Ropes & Gray, among others, plan to hire more warm bodies next summer than this one. This summer was dismal, after all, in terms of summer associate hiring, as demonstrated by these charts from the National Law Journal and Am Law Daily.

The upside of hiring fewer summer associates, though, is an increase in the likelihood of all of them getting hired. We’ve had more reports of 100% offer rates from a few firms today, along with fun ways of spreading the good news. Eyewitness accounts, after the jump.

double red triangle arrows Continue reading “Things Are Looking Up: More Summer Associate Classes Get 100% Offer News”

Some Italian-Americans from New Jersey end up handing down the law. E.g., Justices Antonin Scalia and Samuel Alito.

And some Italian-Americans from New Jersey end up getting in trouble with the law. E.g., Snooki, the pint-sized, gallon-breasted breakout star of MTV’s popular Jersey Shore reality TV show.

According to TMZ, Snooki — a.k.a. Nicole Polizzi — was arrested earlier today in Seaside Heights, NJ. What was her alleged offense?

double red triangle arrows Continue reading “Jersey Shore’s Snooki Is Not Above the Law”

* Do you need an attitude makeover at your job? [Corporette]

* More good news. Firms intend to increase summer hiring this year. [Am Law Daily]

* The natural evolution of the “do not call” list. [Legal Blog Watch]

* I wonder if we should all stop talking about the Arizona immigration law until it (inevitably) ends up before the Supreme Court? Naw… it’s too much fun. [WSJ Law Blog]

* Lobbyists are making some serious bank. [The BLT: The Blog of Legal Times]

* Surely lawyers will find a way to generate fees out of the Dodd-Frank financial reform bill. Somebody has to tell the banks what they can pay their own people. [Concurring Opinions]

* If you absolutely have to kill somebody, make sure you bet on black. If you kill a white person, you’re three times more likely to get the death penalty. [ABA Journal]

Happy Friday, Above the Law readers.

Last week, we gave you this photo of a law grad at Georgetown taking a break from bar exam studies. Instead of cracking under the pressure, he was covering the cracks.

We asked for possible captions for the photo. You submitted reams of them, and we chose our ten favorites.

Here’s the caption crowned the winner for this photo of a bar studier on his hidden throne….

double red triangle arrows Continue reading “Caption Contest Winner: Stalled”

We’re rolling through the Vault 2011 list of the “prestigiest” firms in the land, so that you can comment on what it’s like to actually live, work, and breathe those firms (when you’re not choking on all the prestige in the air).

We’ve covered #1-10 and #11-20. Here’s the next round-up. Now it’s time for the London-based Magic Circle firms to join in the elite fun:

21. Arnold & Porter
22. Shearman & Sterling
23. Boies, Schiller & Flexner
24. O’Melveny & Myers
25. Ropes & Gray
26. Morrison & Foerster
27. Munger, Tolles & Olson
28. Hogan Lovells
29. Clifford Chance
30. Linklaters

What do associates have to say about the ups and downs of life at these firms? Here are some excerpts from their Vault listings…

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I don’t believe you when you say just about anything anymore because I know that you will lie to a court any time it helps you. I know that. I saw you do it. I know you will do that. You have proven that to me beyond a reasonable doubt.

– Chief Judge James Holderman (N.D. Ill.) of Chicago, berating government lawyers — before a unanimous panel of the Seventh Circuit removed him from the case, in the middle of trial. Judge Richard Posner’s opinion cited Judge Holderman’s abuse of discretion and “unreasonable fury toward the prosecutors.”

Legal Eagle Wedding Watch, like the rest of the nuptial media, is in a state of giddy anticipation over Chelsea Clinton’s upcoming wedding, scheduled for tomorrow in Rhinebeck, NY. We’ll be gobbling up all the juicy details as they leak out, just like the lucky guests will be devouring the vegan and gluten-free fare. Yum!

Chelsea’s big day is one of the social events of the season and is estimated to have up to a $2 million pricetag. This week’s featured weddings may not quite reach that stratospheric territory, but they do have lawyers out the wazoo (unfortunately, neither Chelsea nor her fiancé has a JD; her parents, of course, have two).

Our contestant couples:

1. Farah Peterson and Eugene Sokoloff

2. Julia Lipez and Nolan Reichl

3. Lauren Sasser and Scott McCulloch

Read on for details on these fabulous newlyweds.

double red triangle arrows Continue reading “Legal Eagle Wedding Watch 6.27 – 7.4: Circuit Circus”

Last week, Kash mentioned social media guru and attorney Adrian Dayton in a post entitled “Social Media for Legal Types.” As a follow up, I thought I would reach out to Carolyn Elefant and Nicole Black, authors of the recently published book, Social Media for Lawyers: The Next Frontier. I first mentioned these two in March during the ABA Techshow.

The words “The Next Frontier” were added to signal that social media for attorneys is going into its next phase. To Elefant and Black, lawyers can no longer ignore the impact of social media on the law, but rather must embrace it fully. Lawyers will have to deal with this new form of communication in order to be collaborative with one another and responsive to their clients.

So what does this have to do with Biglaw? Social media is more for small firms and solos who need to use these tools to market themselves over the internet, right?

Actually, Elefant and Black believe social media can have a huge impact on Biglaw, especially in regard to its women lawyers. And law professors should read on too — it’s possible that advances in social media will render law review articles irrelevant…

double red triangle arrows Continue reading “Social Media for Legal Types, Part II”

As we’ve been trying to tell people, paying associates less than a $160K starting salary is just not something that Biglaw firms should be doing. Everybody got very excited in 2009 when they thought that there was an opportunity to keep profits high by squeezing entry level associates, but it turns out that pay cuts were a short-sighted move. The vast majority of the Am Law 100 firms never left the $160K scale. The few who did are slowly coming back to the light.

Such is the case with Sheppard Mullin. A couple of weeks ago, we reported that Sheppard was still mucking around in the non-competitive $145K range. Today we’ve received word that Sheppard is doing the right thing by its junior associates and restoring the $160,000 starting salary…

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A week ago, we reported that Pepper Hamilton surprised its summer associates with 100% offers at a Friday lunch. Now this is a trend we hope catches on.

And maybe it will. Latham & Watkins surprised its D.C. summers during a rooftop extravaganza, yesterday. A tipster reports:

Last night (Thursday), Latham & Watkins’ D.C. office officially extended offers to 100% of its summer associates during an end-of-summer party on the rooftop of the Donovan House–one of the city’s swankiest spots. The offers came unexpectedly, as summers were under the impression that they would be waiting another week or so, until the conclusion of the programs at Latham’s other national offices, to hear about offers.

Well now, that should lighten the mood.

And Latham D.C. even provided a little extra incentive for summers who accepted their offers on the spot…

double red triangle arrows Continue reading “Latham & Watkins: 100% Offers to Summers in D.C.”

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