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.
We now bring you… a pair of non-announcement announcements on the associate pay raise front. They’re from Pillsbury Winthrop Shaw Pittman and DLA Piper.
As our tipster noted, Pillsbury Winthrop practically “threatens” its associates with a pay raise. Here’s an excerpt from their memo (emphasis added):
We want to take the time to thoughtfully consider your views and take into account your concerns, which we share, regarding the need to stay competitive, together with the implicit work-life balance impact of additional salary increases.
In other words: “Be careful what you wish for; you might just get it.”
The full text of the Pillsbury memo, plus a similar “hold your horses” memo from DLA Piper, after the jump.
We’ve been so focused on nationwide associate pay raises that we’ve been neglecting New York City — where lawyers have always earned top dollar. And where they enjoy real estate spoils reflecting their high compensation, which we regularly profile for Lawyerly Lairs.
One of our favorite sources of real estate porn in the deliciously gossipy New York Observer. Here are a few recent “Manhattan Transfers” items, all of which involve lawyers:
1. Crusading Lawyer Inks Sweet $2.4 M. Deal for Harlem Townhouse
The Erin Brockovich of big-sugar class-action lawsuits has bought a stately 108-year-old townhouse on West 137th Street (at right), a leafy block near Harlem’s Strivers Row.
Moral of the story: If you’re a law professor with dreams of a million-dollar home, you need to marry well. Or be Feldsuk.
In addition to having a million-dollar home, Professor Cleveland is also highly attractive, a former Rhodes Scholar, and a former Supreme Court clerk (for Justice Blackmun). Could a life be any more charmed? (Although that Manhattan-Austin commute is probably a real pain…) Update: Per this comment, and as confirmed by this press release, Professor Cleveland — who is “a fantastic teacher,” we’re told — has been snapped up by Columbia. Very nice.
2. Saint David’s Buys Headmaster Two Philip Johnson Condos for $2.99 M
The Saint David’s School, an all-boys prep school, just purchased two adjacent condos for a total of almost $3 million. These apartments will be the home of their headmaster. Who says schoolteachers can’t live well?
One of the principals in this deal is a lawyer: Willkie Farr & Gallagher partner Xavier Dieux is selling one of the two units. Presumably Mr. Dieux is trading up; he was probably living below his means in his condo at the Metropolitan.
3. Davis Polk Stays At Home
This item, reporting on Davis Polk & Wardwell’s 650,000-square-foot renewal at 450 Lexington Avenue, concerns commercial rather than residential real estate. So it may lie slightly beyond the jurisdiction of Lawyerly Lairs.
But it is interesting to see how Davis Polk is perceived by the outside world. The Observer refers to DPW as “cultivat[ing] its reputation as the Cravath, Swaine & Moore for happy people.”
Is that view of DPW accurate? Feel free to debate in the comments.
If you graduated from law school before or during the tech boom of the late 1990′s, you may recall how an elite boutique named Gunderson Dettmer led the charge on associate pay raises. As noted here:
In 1999, a Silicon Valley firm named Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, shook the legal community by offering new associates a starting salary of $125,000 with a guaranteed bonus of $20,000. This represented a 25 percent increase in the average base salary and even more for the total compensation package. Other firms in major cities around the country were forced to follow Gunderson’s lead and annual salaries increased by about 30 percent between 1999 and 2000. New associates reaped the benefits.
The firm is considerably bigger today. And it didn’t lead this latest round of pay raises; Orrick deserves credit for that.
But Gunderson Dettmer is definitely keeping up. Moreover, as a source at the firm notes, “Thankfully it appears that we didn’t take the underhanded bonus-cutting route that Wilson Sonsini and Heller Ehrman did.”
Check out the memo, after the jump.
The website of Irell & Manella touts the firm as “An Elite CA Law Firm.”
Immodest? Perhaps. But true, insofar as Irell pays its associates as “an elite CA law firm” should.
The Irell & Manella pay raise memo, after the jump.
State court judges are like bratty kids, or pets that aren’t housebroken. You can’t take them anywhere.
Because they’ve probably already been banned from where you were planning to take them. Even if the place in question is the courthouse.
Consider the Honorable Elizabeth Halverson (at right). From the Las Vegas Review-Journal:
The District Court chief judge on Thursday banned District Judge Elizabeth Halverson from the county courthouse.
In an administrative order, Chief Judge Kathy Hardcastle said Halverson jeopardized security at the courthouse this week by bringing her own two bodyguards into the courthouse and allowing them to bypass security checks.
As for why Judge Halverson needs two (2) bodyguards — and no, we won’t make the obvious joke — there’s quite a backstory, full of juicy judicial infighting. You can read all about it here.
And Judge Halverson isn’t the only state judge getting banned from public places these days. Meet the Honorable Fred Axley.
From the Legal Reader:
A Memphis judge is banned from a Florida resort. He is accused of sexually harassing an employee. Eyewitness News Everywhere uncovered this is not the first time Criminal Court Judge Fred Axley has been accused of sexual harassment….
Now he has been banned from a resort in Destin, FL, after an employee there says he sexually harassed her last week….
When we called the resort, an employee who asked not to be named, told us Axley had propositioned a massage therapist there for oral sex.
Here is a memo that some of you have been waiting for, with an eagerness more typical of teenage boys expecting Spiderman 3. It’s an outline of the associate bonus program for Orrick, Herrington & Sutcliffe, in all of its complex glory.
The memo is rather lengthy. We thought about taking screenshots of each page, but that would have been too time-consuming. So we just cut and pasted the text instead.
Some of the formatting was lost as a result (as well as the pretty green “O” at the top of each page in the original). But the substance of the memo is all there.
If you’re interested, you can check it out after the jump
If you’re a sucker for soccer — which is one of the world’s most popular sports, and which may soon take off on these shores, thanks to the arrival of David Beckham — then you should definitely check out the Volokh Conspiracy guest-blogging of our good friend and former co-clerk, Professor William Birdthistle.
Here’s a teaser, from Birdthistle’s first post:
I attempt to discern the cause of the deterioration of World Cup soccer into [such a] deplorable state. My conclusion, which I’ll explore further in coming posts, is that the rewards and punishments that referees have in their arsenal are too crude and too capable of determining the outcome of the game. The power of referees to work a game’s bouleversement with one blow of the whistle — either by sending off a star player or awarding a penalty — places officials at the center of the game.
Players then have a strong incentive to attempt to influence referees, often by bearing false witness to the facts with dives and operatic petitions. This phenomenon appears to be exacerbated at the quadrennial World Cup, where teams play relatively few games for enormous stakes and where caution and calculation often trump free-flowing football….
My proposals for addressing the situation, which I will also discuss further in future posts, focus primarily on ways of diluting and refining referees’ power.
Along the lines of Heller Ehrman’s recent announcement, here’s another pseudo-raise from a West Coast firm. Earlier this afternoon, a source at Wilson Sonsini informed us:
A memo will be distributed later today with the details, but we received a VM a few minutes ago. Essentially, there will be “raises” to match market in places where there has been movement. This is defined as DC, CA, TX. NYC was already at $160k.
BUT the raise will be “mitigated” by an offset in the bonus structure. Also, Seattle and Salt Lake City are excluded from the “raise.”
The memo, which a second source at the firm verified for us, appears after the jump.
For departure. For Deputy Attorney General Paul McNulty, his last day at the Department of Justice will be in not-too-distant future. He announced his intention to resign earlier today.
But he won’t be leaving the DOJ as abruptly as, say, Monica Goodling. He’ll stick around for a few more months:
McNulty, who has served 18 months as the Justice Department’s second-in-command, announced his plans at a closed-door meeting of U.S. attorneys in San Antonio, according to two senior department aides. He said he will remain at the department until this fall or until the Senate approves a successor, the aides said.
Professor Joel P. Trachtman (JD Harvard Law School) 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:
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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: email@example.com.
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!