David Lat is the founder and managing editor of Above the Law. His writing has also appeared in the New York Times, the Wall Street Journal, the Washington Post, New York magazine, Washingtonian magazine, and the New York Observer. 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." His first book, Supreme Ambitions: A Novel, will be published in 2015. You can connect with David on Twitter and Facebook.
Veteran litigator Joseph Russoniello, recently nominated to serve as U.S. Attorney for the Northern District of California, previously served as senior counsel in the San Francisco office of Cooley Godward Kronish. If he’s confirmed, which is looking likely, one would expect him to take a big pay cut as he moves from private practice to government service. The current Attorney General, Michael Mukasey, earned $1,993,367 over 21 months while at Patterson Belknap; now, as AG, he takes home $186,600 a year.
But Joe Russoniello won’t be taking such a huge pay cut. A reader observes:
Buried at the end of a Recorder article (subscription) about a DOJ report about Joe Russoniello’s possible conflicts or interest due to his $1.5 million stock portfolio is Joe’s last year’s compensation from Cooley Godward. This is the part that I found interesting. Why? Because it’s so low.
What do you think Cooley Godward was paying the ex-U.S. Attorney to serve as counsel to the firm? Half a million? A million? No…. $244,802!
In light of that paycheck — which, while handsome by normal standards, is a pittance by Biglaw ones — we hope that Russoniello’s Cooley gig was super-cushy, with minimal billing required. His paycheck is pretty much equal to that of a third-year associate at Cravath, all in (base of $180,000, year-end bonus of $45,000, and special bonus of $20,000). But how many Cravath third-years can claim to have served as U.S. Attorney in a major city for eight years, as Joseph Russoniello did (1982-1990)? Fighting Crime May Not Pay [The Recorder (subscription)] Taking Stock of The DOJ’s Next Targets [Legal Pad]
The New York State Board of Law Examiners has confirmed to me that they will hear appeals regarding the July 2007 exam. That exam was plagued by malfunctioning software for those that submitted essays on laptop computers, only to see all or part of the answers disappear. The BOLE subsequently said that they approximated the answers if they were incomplete, based on how the examinees did on other answers. Those grade approximations were subsequently called into question based on an anonymous tip in this blog.
For associates in the New York office of Kirkland & Ellis, this Wednesday is when they’ll learn their financial fate:
From: Jonathan Putnam To: New York Associates Cc: John Desmarais, John Kuehn, Michael Movsovich, Maria Davalos Sent: December 17, 2007 Subject: Associate Bonus Meeting
As in past years, John Desmarais will give a short presentation this week to explain our associate bonus methodology. The meeting will take place on Wednesday, Dec. 19, at 4 pm in Conference Room 50G-H. The bonuses will be paid before the end of the month.
When it comes to bonuses, K&E does things a bit differently. Associate bonuses are not lockstep but individualized, based on (1) your rank relative to your peers and (2) your hours.
Historically the Kirkland bonuses have been quite generous. Even for average K&E associates, as opposed to top performers, they’re typically well above-market — some of the highest in all of Biglaw (even if not at Wachtell levels).
But in light of this year’s “special” bonuses, how will the K&E bonuses stack up to the top tier New York firms? Check back later in the week to find out.
What are the duties of a Supreme Court law clerk? The primary responsibilities of SCOTUS clerks include reviewing cert petitions, conducting legal research, and drafting opinions.
But Justice Anthony M. Kennedy has added a new task to the list: congressional gossip gathering. On Friday, he dispatched one of his clerks to the Senate. The clerk’s mission? To skulk around hallways and offices, collecting intelligence about the status of the pending judicial pay raise legislation (and maybe to put in a good word or two in favor of the bill, too).
It’s not unusual for a clerk to serve as a justice’s eyes and ears — but these spying duties usually don’t extend beyond One First Street. If Justice Kennedy subscribes to a strict view of separation of powers, and wants cameras out of the courtroom, should he perhaps keep his clerks out of the Capitol?
Okay, we jest. We really don’t think it’s a big deal if Justice Kennedy wants to send a clerk over to snoop around the Senate (and we also suspect that Justice Kennedy, of all the justices, wouldn’t mind cameras in the courtroom). But AMK’s sending over a clerkly spy is a sad commentary on how desperate some judges are for a pay raise.
(Another depressing sign: rumor has it that one federal judge was wandering around the Federalist Society 25th anniversary gala, collecting the unclaimed $1 Madison coins that were left at each place setting.)
So come on, Senators. Pass the federal judicial pay raise, and give these judges back their dignity! Federal Judiciary Salary Bill Progresses – With Caveats [Washington Briefs]
The litigation powerhouse of Williams & Connolly has announced associate pay raises, effective January 1, 2008. We have confirmed the fact of the raise with sources at the firm.
There was no comprehensive memo, so we’re not 100 percent certain of the specific numbers. But word on the street is that the new pay scale is as follows:
These base salaries are well above market (160 – 170 – 185, etc.). But remember that Williams & Connolly traditionally pays an above-market base salary, since it does not pay year-end bonuses. So W&C’s move to a $180,000 starting salary is not as exciting as a similar move by Cravath or Simpson would be.
The old pay scale is available here. The pay raise appears to be a $15K bump for the first three classes. Fourth-year associates get a $20K increase. Fifth-year through seventh-year associates get a $25K increase.
We’re reasonably confident in these numbers. But, as noted, they were not set forth in a memo. So if you see any errors, please contact us. Thanks. Earlier: Skaddenfreude: Williams & Connolly Weighs In
The firm of Dewey Ballantine was never known for being particularly PC. From a 2004 article by Anthony Lin, for the New York Law Journal:
Nearly one year after lawyers at Dewey Ballantine infuriated members of the Asian-American community by performing a stereotype-laden parody song at their annual dinner, the law firm is again dealing with allegations of racial insensitivity….
On Monday, an employee sent a firmwide e-mail advertising the availability of some puppies for adoption. Douglas Getter, a London-based American who heads Dewey Ballantine’s European mergers and acquisitions practice then sent a firmwide reply.
“Please don’t let these puppies go to a Chinese restaurant!” Getter wrote in his e-mail.
Now Dewey has merged with LeBoeuf Lamb. Happily, it appears their firm cultures are a good match. Check out this email exchange appearing below — and note that Partner X came from the LeBoeuf Lamb side of the marriage….
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.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at firstname.lastname@example.org or email@example.com. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
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!