Reasons for reading ATL vary from person to person. But we have been told by some people that one of the greatest benefits of following the site is gaining familiarity with law firms and the differences between them.
In that vein, we shall continue on with our series of open threads on the Vault 100. (Sorry, haters! Though we are taking under advisement the idea that we list them in groups of ten from this point forward.)
Here are the next five, with prestige scores in parentheses:
16. Gibson, Dunn & Crutcher LLP (7.056)
17. Wilmer Cutler Pickering Hale and Dorr LLP (7.055)
18. White & Case LLP (7.054)
19. Shearman & Sterling LLP (7.043)
20. Arnold & Porter LLP (6.905)
Of the five, White & Case has the most bizarre list of notable perks: “Gender- and reason-neutral flexible work arrangement program” (what does that mean?), “Cold, anonymous” (yippee?), and “Dinosaur” (the ferocious or the fossilized kind?).
Time to compare and contrast. We invite you to have at it. Earlier:Vault 100 Open Threads- 2009
Sometimes we wish we had the breastses. Then we could enjoy the luxurious lactation room at Davis Polk & Wardwell.
Back in this post, we wrote about the lactation room at Simpson Thacher & Bartlett. We’re sure it’s plenty nice. But we doubt it’s as snazzy as what the competition on the other side of Lexington Avenue is offering.
Check out this Davis Polk email, which went out late last year (exclamation mark in the original):
From: **** On Behalf Of Associate Development To: all.lawyers.ny Subject: Nursing Room
We are pleased to announce that the firm now has a private nursing room!
Located on the 10th floor, this cozy room is equipped with brand-new furniture, including a comfortable chair and end table, refrigerator, and reading materials of interest to new mothers. Access to the secure room is available through the Security Desk. A small sign on the outside of the door indicates when the room is occupied.
We hope that this amenity will provide returning mothers who wish to continue nursing their babies additional support during this important transition. Your privacy and comfort are our priority.
Please do not hesitate to contact [xxxx] or any member of the Associate Development Department if you have any questions. Thank you and congratulations to all of our new DPW Parents.
We’re curious about the “reading materials of interest to new mothers” at DPW. Draft asset purchase agreements? SEC proxy filings?
Meanwhile, in other happy news for parents, Arnold & Porter has jumped on the improved parental leave bandwagon. Following the recent trend, which we’ve been following in these pages, they’ve increased the paid leave they provide to women who give birth or primary caregivers of a newly adopted child. It used to be 12 weeks; now it’s 18 weeks, which appears to be the “market” rate these days.
Transmittal email, plus A&P’s full leave policy, after the jump. Earlier: Biglaw Perk Watch: Lactation Rooms
Just in time for its holiday party, which is taking place tonight, the New York office of Arnold & Porter has announced bonuses. It appears to be following the example of other non-New York firms — e.g., Covington & Burling, WilmerHale, and Sidley Austin — and paying its New York associates better than their non-NYC counterparts.
Full memo after the jump. Some brief observations, from a tipster:
A word of explanation: bonus structure is very different between the D.C. office (which I believe has a tiered formula), and New York, which has in the past had a flat 1950 hours requirement, with some other types of hours counting toward that 1950. Note the tying of special bonus to 2000 client billables (this is going to cut out some, don’t know how many).
There is also confusion in the ranks about whether the special-bonus-tied-to-2000-billables thing includes pro bono hours. On my reading, it doesn’t.
Note also the VERY weird “firm citizenship” requirement. Timely billing!? Oh noes!
You can read the memo for yourself, after the jump.
Jim Sandman’s article, dishing out harsh criticism of law firm associate pay raises, did not endear him to ATL readers. In a near comments clusterf**k, he was condemned as the greediest of greedy Biglaw partners (along with other epithets not fit for printing here).
Well, maybe Sandman has gotten a bad rap. After all, he was public-spirited enough to serve as president of the D.C. bar. When we met him at this party, one of many charitable functions he attends, he didn’t have horns growing out of his head.
And now we hear that he’s leaving his lucrative partnership, to toil in the considerably less profitable precincts of the D.C. public school system. He’s accepted a position as General Counsel for the District of Columbia Public Schools, and he’ll also be a member of Chancellor Michelle Rhee’s senior leadership team to the DC School Board.
Read the A&P memo announcing Sandman’s departure, from firm chairman Thomas Milch, after the jump.
From an ATL reader going through the law firm recruiting process right now:
I’ve enjoyed reading about various law firm recruitingsnafus on Above the Law over the last few months. I just never thought I would be lucky enough to encounter one of my own.
I recently came home to an unusually thick envelope from Arnold & Porter (DC). Inside there was a typical ethnicity request form (to be mailed back to them for recordkeeping), a return envelope, and finally, much to my surprise — a refrigerator warranty!
Yep, that’s right. While other firms are busy sending recruits bonsai trees, iPods, and designer cookies, Arnold & Porter sends its rejects their appliance warranties.
Our tipster sent along a scanned copy of the warranty registration form:
The latest post in our series on perks / fringe benefits isn’t a “perk” per se. But it is, like true perks, a non-monetary factor that some people may take into account when choosing between law firms.
The topic: eco-friendliness, or how “green” a law firm is. From a tipster:
I think you should do a feature on which law firms are promoting eco-friendly office environments / business practices. With the country’s increased environmental awareness, I think it could help both law students and attorneys decide where to work. Here are two examples:
It’s a busy morning, right before the big Memorial Day holiday weekend. There’s breaking news of associate pay raises from Sidley Austin, Arnold & Porter (hi James Sandman!!!), and Brown Rudnick.
The Sidley Austin memo appears after the jump. The raise to the $160K scale covers Chicago, Dallas, Los Angeles, San Francisco, and Washington. It’s retroactive to May 1.
The Arnold & Porter news was reported by The BLT: Blog of Legal Times. If you have the A&P memo, please email it to us.
We learned of the Brown Rudnick raise by email. We don’t have the memo, but our source sent us a salary table, which also appears below the fold.
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.