Superstar Supreme Court litigator Thomas Goldstein — who has argued 22 cases before the high court, racked up numerous honors from legal and general-interest publications, and, most importantly, served as a judge of ATL Idol — is leaving Akin Gump. Goldstein has led the powerhouse firm’s Supreme Court and appellate practice and serves as presiding co-leader of the firm’s litigation management committee. He arrived at Akin four and a half years ago, back in May 2006, to much fanfare.
Why is Tom Goldstein leaving Akin Gump? And where is he headed?
It’s the last day of December, so it’s a good time to look back on the year that was. And everyone else is doing it — e.g., the ABA Journal (the most popular stories of 2010); the National Law Journal (the defining moments at the Supreme Court in 2010); and the WSJ Law Blog (the key news themes of 2010).
We’ll do what we did last year and identify the ten biggest stories of the past year as decided by you, our readers. With the help of Google Analytics, we’ve compiled a list of our top ten posts for 2010, based on traffic (as represented by pageviews).
By the way, in terms of hot topics, the most popular category page for the year was Law Schools. In 2009, it was Layoffs. This seems like a sign of progress, since the former subject is somewhat less depressing than the latter (at least to most people; harsh critics of law school, such as the “scambloggers,” might disagree). It also reflects increased public discussion about legal education and the value proposition of going to law school.
What were the most popular individual posts at Above the Law in 2010? Let’s find out….
Thus far we’ve looked at holiday gifts from the perspective of the giver. What (or how much) did you give to your secretary this year? Is it appropriate to get a present for your boss (and if so, what)? How about some holiday gift ideas for other lawyers in your life?
But it’s not really better to give than to receive, is it? As we know from our coverage of lawyer compensation and bonuses, our readers are greedy SOBs like getting as much as giving. So here’s an open thread for discussion of your favorite gifts from this holiday season. (I’m wearing one of mine right now — a toasty fleece that my cousin got me from Uniqlo.)
When it comes to Christmas / holiday gifts from professional contacts, folks at firms do fine. When I was at a firm, I’d get small gifts — a bottle of wine, a Tiffany money clip — from vendors hired by the firm for various projects.
But in-house readers probably make out the best in this season, since they get gifts from law firms with big budgets. In fact, the idea for this post came from an in-house reader: “[W]hy not have a holiday schwag column to show what in-house counsel are getting from firms this season? It may be an interesting contrast to the bonus (or lack thereof) news you’ve been reporting on.”
This reader got the ball rolling with the story of a pretty sweet gift he got from a law firm he gives work to….
We hope you’ve enjoyed following our series on Top Partners to Work For, as we’ve made our way around the country highlighting the law firm partners who are not only great at what they do, but are also great to work for. As we mentioned earlier, this survey is now closed — but we’ll run it again in the future, so keep an eye out for it.
Earlier this month, we introduced six Chicago partners for whom associates enjoy working. Today we wrap up our coverage by leaving you with top partners who shine in the legal markets of Boston, Cleveland, Detroit, New Jersey, and even Hong Kong. Although some of these markets may be smaller, the firms are some of the biggest and best in the profession: Fish & Richardson, Ropes & Gray, Goodwin Procter, Jones Day, Brooks Kushman, Skadden, and Drinker Biddle.
Let’s take one last look at the partners who made the list….
If you hate your job, then no one can pay you enough to make going to work every day worthwhile. And if you love your job, you won’t be sitting around fretting about your pay. I understand that this is America and all that, but within very broad limits, you’re nuts to accept one job over another because of a small difference in compensation.
(I understand that you may be trapped in a job, because of student loans, or kids in college, or the like. I understand; trapped is trapped. And I understand that I personally have been awfully lucky, because I’ve never had to worry about finding money to pay next month’s rent, so I speak from a particular point of view. Despite all that, I stand by what I said — if job A and job B are meaningfully different from each other in ways that matter to you, and you’re not trapped, you’re nuts to take one job over the other just to earn a few extra grand each year. Period.)
Naturally, since I’m not interested in the subject, you can guess the question I’ve been asked most often since Above the Law anointed me an in-house counsel guru:
How does in-house compensation work, and what questions should I ask about compensation if I’m interviewing for an in-house job?
I find it funny that firms that want to skimp on bonuses also expect associates to make sure they are helping the overall health and performance of the firm. At some level, why should associates care if the firm is up to date on its collections? It’s not like that money is going to trickle down to the time keepers once their hours are realized. Hell, we’ve got people in the comments claiming they are going to purposely underbill in order to hurt firms in 2011 for stinginess in 2010.
The firms aren’t wrong to be doing everything they can to get associates to enter in their hours in a timely fashion. Time keeping is more accurate when you do it every day (as opposed to trying to recreate your days at the end of the week or month). Firms are struggling to collect from their clients. And, for what it’s worth, billing hours is part of the job for attorneys. I just find it ironic that firms are trying to pressure their associates to produce more money for them even as they are sharing a smaller percentage of those profits with associates.
It’s pretty clear that being a part of a Biglaw firm isn’t a “team” proposition. Everybody for themselves; that’s how the partners act, and that’s how partners expect associates to act.
And so Hughes Hubbard is bringing a little personal punishment to associates who are late with their time…
* U.S. prosecutors arrested a California woman yesterday on insider trading charges. Immediately after the charges were filed, Michael Douglas’s ex-wife sued the woman for royalties. [CNET]
* A Los Angeles law firm, Glancy Binkow & Goldberg, is being sued for maintaining a hostile work environment and being generally pervy. The article raises several important questions. None more important than this: What the hell is a bikini bar? [Los Angeles Times]
* A primer on Bill Richardson’s possible pardon of Billy the Kid. Emilio Estevez hasn’t been this stoked since the Men at Work premiere party. [WSJ Law Blog]
Here in New York City, the headquarters of Above the Law, we’re still dealing with the aftermath of the Great Blizzard of 2010. Check out our slideshow for some images (like the one at right).
Although the snowstorm ended on Monday, and it’s now Wednesday night, many streets remain unplowed and many sidewalks uncleared. Mayor Michael Bloomberg, generally praised for his tremendous competence, is taking a lot of flak for the city’s inadequate response.
And that’s just in terms of politics and public relations. Wait until the lawyers get involved!
What possible causes of action could arise out of the snowstorm? Let’s discuss….
* Musical chairs: Epstein Becker & Green closes up shop in Miami, after managing partner Michael Casey defects to Duane Morris (with lawyers and staff in tow). [Daily Business Review (subscription) via ABA Journal]
* Law enforcement mistakes end in tragedy in Detroit. [Mother Jones]
* Justice Souter is still opposed to cameras in the courtroom. [Josh Blackman]
* As discussed by Steven Davidoff and Larry Ribstein, Abercrombie & Fitch wants to reincorporate from Delaware to Ohio. Hopefully this won’t affect A&F’s eye-catching catalogs. [Truth on the Market and Dealbook / New York Times]
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: firstname.lastname@example.org.
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!
The 2014-2015 law school year is now in full swing. 1Ls are grappling with the strange new world of the Socratic Method and briefing cases. 2Ls are hoping to score some sort of job out of the fall interviewing season. And 3Ls are wondering just what the heck they’re even doing on campus. If, in fact, they are even on campus at all. ATL’s law school experts have designed this challenge to help determine how much you know about the realities of the 3L experience.