David Lat

David Lat is the founder and managing editor of Above the Law. His writing has also appeared in the New York Times, the Washington Post, the Wall Street Journal, the New York Observer, Washingtonian magazine, and New York magazine. Prior to ATL, he launched Underneath Their Robes, a blog about federal judges. Before entering the journalism world, he worked as a federal prosecutor in Newark, New Jersey; a litigation associate at Wachtell, Lipton, Rosen & Katz, in New York; and a law clerk to Judge Diarmuid F. O'Scannlain, of the U.S. Court of Appeals for the Ninth Circuit. David graduated from Harvard College and Yale Law School, where he served as an editor of the Yale Law Journal. He has received several awards for his work on ATL, including recognition as one of the American Lawyer’s Top 50 Big Law Innovators of the Last 50 Years; one of the ABA Journal’s Legal Rebels, a group of pioneers within the legal profession; and one of the Fastcase 50, "the fifty most interesting, provocative, and courageous leaders in the world of law, scholarship, and legal technology." You can connect with him on Facebook or Twitter.

Posts by David Lat

Back in 2011, we complained about the complexity of Vinson & Elkins’s compensation system, which involved a deferred compensation arrangement. The next year, the firm fixed it.

Last year, when ATL readers rated Texas law firms, Vinson & Elkins came in #5 out of 6 firms in terms of associate satisfaction with compensation. But maybe the firm has fixed that as well?

Based on the reports we’ve heard so far, associates at V&E are in fact V.E. — “Very Elated” — about their bonuses….

(Please note the very important UPDATE added to the end of this post — and reflected in our tinkering with the title. Some people are less than thrilled….)

double red triangle arrows Continue reading “Associate Bonus Watch: Very Elated At Vinson & Elkins”

Years ago, back when I was in Biglaw, I had an unpleasant interaction with Kasowitz Benson. I will spare you the details — they involved who would pay the costs for photocopying certain documents (in the ancient days before e-discovery) — but the Kasowitz lawyer made a promise that she did not honor. I thought to myself, “Watch out when dealing with Kasowitz Benson.”

That’s probably wise advice — not just for folks litigating with Kasowitz, but also for people applying to work there. Last year, we covered KBTF’s exploding offers during fall recruiting and cold offers to summer associates — practices that are frowned upon, to put it mildly.

And now we have new allegations of shadiness at Kasowitz, this time coming from people already working at the firm as full-time associates. They involve the hot-button subject of associate bonuses….

(Please note the multiple UPDATES at the end of this post.)

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345 West 13th Street

Meet Michael Graffagna, who’s one impressive MoFo… partner. The Harvard Law School graduate, admitted to practice in New York, California, and Japan, heads up the project finance practice at Morrison & Foerster.

Graffagna is now resident in the firm’s Tokyo office. So he and his wife, Midori Graffagna, recently sold their Manhattan pied-à-terre. And oh what a pied-à-terre it was — larger than most Manhattanites’ primary residences.

How large are we talking? How much did the Graffagnas get for it? And which celebrity lives upstairs?

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Amy Chua: return of the Tiger Mother.

That’s the question that occurred to me after reading the interesting New York Times profile of Amy “Tiger Mother” Chua and her husband, Jed Rubenfeld. In advance of the February 4 release of Chua and Rubenfeld’s new book, The Triple Package: How Three Unlikely Traits Explain the Rise and Fall of Cultural Groups in America (affiliate link), the Times decided to profile this pair of prominent professors at Yale Law School.

The Times article contains some interesting new tidbits — including, for example, the elite Ivy League college that just admitted Chuafeld’s youngest daughter….

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Alexandra Marchuk

“Discovery is going to be FUN in this case.” That’s what we previously predicted about Marchuk v. Faruqi & Faruqi, the high-profile lawsuit filed by plaintiff Alexandra Marchuk against her former firm and one of its most prominent partners, Juan Monteverde.

Why did we expect fireworks from discovery? Because of the lurid nature of Marchuk’s allegations, including severe sexual harassment and (effectively) sexual assault, and because of the Faruqi firm’s aggressive response, which included suing Marchuk for defamation and claiming that it was Marchuk who was obsessed with Monteverde.

But it wasn’t just another “he said, she said” type of situation. Both sides claimed that third-party witnesses and contemporaneous documents would corroborate their respective and conflicting accounts.

Discovery is now underway in the case. Witnesses have been deposed, and documents have been produced. What kind of portrait do they paint?

double red triangle arrows Continue reading “Tasty Tidbits From A Salacious Summary Judgment Motion”

It has been a while since we last covered bonuses at WilmerHale. For whatever reason, associates at the firm are generally tight-lipped on the subject. Given WH’s merit-based compensation system, perhaps bonuses are too individualized to be comfortably discussed.

What can be said about bonuses at WilmerHale? According to Chambers Associate, bonuses go to lawyers who bill 1900+ hours. According to responses to the ATL Insider Survey, these bonuses could be better: even though WilmerHale is a “great” firm with “wonderful” people, “[t]he ‘merit based’ compensation structure is a thinly veiled cost-saving measure.”

But are bonuses getting better at WilmerHale? Maybe….

(Please note the multiple UPDATES added to the end of this post.)

double red triangle arrows Continue reading “Associate Bonus Watch: Happy Campers At WilmerHale?”

When we recently ranked top law firms based on responses to the ATL Insider Survey, readers raved about Wilson Sonsini, which took the #5 spot on our list of the top 12 firms. According to one respondent, the firm boasts “entrepreneurial meritocracy, the best client base, endless opportunities, and smart helpful people. It is a unique place, perfect for the self-motivated overachiever.”

In terms of the five specific survey metrics, Wilson fared best in the compensation department. On a 10-point scale, WSGR scored an impressive 8.73 (out of 10) in terms of satisfaction with pay. (The firm’s other scores: 8.63 for culture, 8.33 for training, 7.80 for morale, and 7.33 for hours.)

But will Wilson Sonsini be able to maintain its high score on the comp front? Not everyone is happy with the firm’s latest bonuses….

(Please note the multiple UPDATES added to the end of this post.)

double red triangle arrows Continue reading “Associate Bonus Watch: Discontent At Wilson Sonsini?”

Congratulations to the Latham & Watkins lawyers who participated in Movember. In November 2013, Team Latham raised more than $7,000 to fight testicular and prostate cancer. Movember might have hurt Procter & Gamble’s bottom line, but it helped raise awareness of important issues in men’s health.

And congrats to Latham lawyers on their 2013 bonuses. The bonuses were announced last Friday and will be paid this Friday.

(Yes, law firm season rolls on, even though it’s past its peak. We’re working on a few bonus stories but need additional data points on some firms — e.g., WilmerHale. If you can help us out, please email us or text us: 646-820-8477.)

If you want to see a bunch of Latham lawyers sporting facial here, click here. If you want information about Latham bonuses, including but not limited to the firm’s bonus memo, keep reading….

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Amy Chua: return of the Tiger Mother.

Merely stating the fact that certain groups do better than others — as measured by income, test scores and so on — is enough to provoke a firestorm in America today, and even charges of racism. The irony is that the facts actually debunk racial stereotypes. There are some black and Hispanic groups in America that far outperform some white and Asian groups.

– Professors Amy Chua and Jed Rubenfeld of Yale Law School, in a New York Times essay based on their new book, The Triple Package: How Three Unlikely Traits Explain the Rise and Fall of Cultural Groups in America (affiliate link).

(Is the book “racist”? Let’s discuss, after the jump.)

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Let’s play a game of law firm word association. What words come to mind when I say Skadden Arps?

Prestigious? Yes.

Profitable? Definitely.

Sweatshop? Perhaps; some sources say the hours can be “long and unpredictable.”

Funky?

Yes, you heard me: funky….

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