Back in November, Baker Botts told us that they would be moving away from a lockstep associate compensation system and instituting a new merit-based system. Yesterday the firm released the base salary levels for its new four-tiered system. Here’s the statement from the firm regarding the basic changes:
The next phase of a talent management program — moving from a lockstep to levels format to track associate progress at the firm — was announced today by Baker Botts Managing Partner Walt Smith. This new format is the latest enhancement of a multi-year plan to better manage associate development at all experience levels.
“Implementing this program will allow us to remain competitive in our efforts to recruit and retain the best and brightest lawyers,” Smith said. “Importantly, it will help us foster an environment that emphasizes the attributes we believe are essential to our firm’s culture.”…
The compensation aspects of the program will be effective August 1, 2010. Base annual salary for entry-level lawyers will remain at $160,000.
The firm wouldn’t officially release the salary levels for more senior associates, but tipsters gave us the inside scoop…
For those of you who are done with the July 2010 bar exam, congratulations! For those of you who still have another day left, our condolences — and good luck.
No administration of the bar is complete without some sort of mishap. The latest tale of woe comes from California. The state that some have called “ungovernable” also seems to have difficulty administering the bar exam.
Find out about goings-on in the Not-So-Golden State, and compare notes on the bar exam experience in different states around the country, after the jump.
This thread covers the firms ranked #11 through #20. This is your chance to discuss these firms — their upsides and downsides and whether Vault got their rankings right. The Vault site has entries for each firm, similar to the Firm Snapshots in our own Career Center.
The “downers” category for most firms tends to be rather general: they treat me like a number, “long hours,” “unfun,” etc. But someone at #20-ranked White & Case had a very specific complaint about the firm’s lack of tech savvy: “The technology is very outdated. We still run Outlook 2003 and are not allowed to use iPhones. The blackberries we are given are over 2 years old and do not work well at times. The firm is not receptive to these issues.”
Little known White & Case perk: every new associate gets their own Commodore 64 for home use.
What are the reviews for the other firms in this bracket?
It’s an entry-level luxury vehicle. It’s the sort of car you might see a first-year lawyer driving.
– Jalopnik editor Ray Wert, discussing Facebook CEO Mark Zuckerberg’s Acura TSX. Since Zuckerberg has professed not to believe in privacy and has helped to eradicate it with Facebook, Gawker gave him the paparazzi treatment, and discovered that he (and his car) are not actually very interesting.
This is going to come as a major surprise to many of you, but the Obama administration just won a victory in Federal Court.
I know, it’s crazy, but a federal judge actually sided with the Obama administration’s request for a preliminary injunction that will stay the effects of some provisions in Arizona’s controversial new immigration law. The Wall Street Journal reports:
A federal judge blocked key sections of Arizona’s tough new immigration law on Wednesday, granting the Obama administration’s request for an injunction based on the belief that immigration matters are the purview of the federal government.
U.S. District Judge Susan Bolton agreed to enjoin several provisions, including one that required police officers to check the immigration status of a person stopped for an alleged other violation, such as speeding, if reasonable suspicion existed that the individual was illegally in the U.S.
It’s a preliminary victory of U.S. citizens who happen to look like illegal immigrants in the eyes of Arizona police officers…
The Park Ridge couple, who rescued the only known survivor of a plane that crashed into Lake Michigan off the state’s western coast Friday, were on the second to last day of their annual boating trip, finishing breakfast on their 42-foot cabin cruiser, the “Kristin Says,” docked in Frankfort, Mich…
Around 10:15 a.m., after they’d been cruising for about an hour, Schmidt heard a fisherman call the U.S. Coast Guard on the radio about a plane in the water, a few miles off the coast of Ludington, Mich.
At that point the couple took immediate action to help the survivors…
Now meet John Mantooth’s daughter and son-in-law, Jan and Andrew Schill, creators of a website called Do Not Vote for my Dad. On July 20, Jan Schill wrote:
District 21 judicial candidate John Mantooth is not a good father, not a good grandfather and in my opinion a review of his 37 year record as an attorney in Cleveland, Garvin and McClain Counties reveals that he would not be a good judge.
The Schills are shrill; in their next post, Andrew Schill — another Okie Law grad who worked in Mantooth’s office for a year — lambastes his father-in-law for giving them a crappy Christmas basket, including worm-ridden chocolates…
Last week, Elie and I debated the subject of liberal bias in legal education. Does it exist? Does it matter? Many of you continued the debate, in the comments.
Since our discussion, a number of notable thinkers have also tackled the topic. They include what we’d describe as the legal world’s answer to the McLaughlin Group, a small gathering of highly opinionated and outspoken pundits: Richard Epstein, Elizabeth Wurtzel, and John Yoo. (This same trio recently debated the bar exam and its utility.)
So what did they have to say about liberal bias in legal academia?
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!
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 seven years. You can reach them by email: email@example.com.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!