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at #20-ranked White & Case had a very specific complaint about the firm’s lack of tech savvy: “The technology is very outdated.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?
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…
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: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.