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 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.

Posts by David Lat

Winston Strawn LLP logo Above the Law blog.JPGWe have confirmed the rumor that Winston & Strawn has raised associate base salaries in its California offices. A tipster forwarded us the memo, with this comment:

Got this from a friend of mine. I used to work there though no longer do. As he said, “I”m shocked — this goes against every other encounter I’ve ever had at Winston.”

Though it appears to only apply to their California offices (Los Angeles and San Francisco). No word on DC or Chicago.

Keep up the good work.

The full Winston & Strawn memo appears after the jump.

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Cravath Swaine Moore LLP Above the Law blog.JPGIn yesterday’s post about Cravath, Swaine & Moore starting up a bankruptcy department, to be launched by lateral hire Richard Levin (from Skadden), we wrote:

Cravath isn’t big on lateral hiring. When they hired tax lawyer Andrew Needham away from Willkie Farr & Gallagher in 2005, he was their first lateral partner in more than six decades (per Wikipedia).

Nor has Cravath been into bankruptcy work. Even though many other white-shoe firms have entered that historically “icky” practice area, CSM has stayed on the sidelines.

The statement that Cravath has avoided bankruptcy work was in error. From a knowledgeable tipster:

I want to correct your assertion that Cravath has traditionally stayed away from bankruptcy. Cravath historically has been very involved with bankruptcy and insolvency — Paul Cravath himself was the leading railroad insolvency lawyer of his generation, helping JPMorgan and the like swindle railroad bondholders out of billions.

For the bankruptcy geeks among you, our source schools us further, after the jump.

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DealBreaker DB Dead Horse Media Above the Law blog.jpgLaw-related stories are proliferating over at our big sibling site, DealBreaker. Here are three from yesterday afternoon alone:
1. Goldman Sachs Acquitted of All Charges. It’s good to be Goldman:

“In an effort to uphold the rule that the Masters of the Universe can pretty much get away with anything simply because they’re the Masters of the Universe (see, also: Jobs, backdating), a federal judge has ruled that Goldman cannot be included in a lawsuit by Fannie Mae shareholders.”

2. Dow Jones Insider Trading Watch: Two Charges, Dow Jones Director Scutinized. Hmm, this sounds a wee bit fishy to us:

“[T]he SEC filed a lawsuit against a Hong Kong couple, Kan King Wong and Charlotte Ka On Wong Leung, accusing them of insider trading. The couple had purchased $15 million of Dow Jones shares prior to the May 1st announcement.”

They liquidated the position after News Corp.’s unsolicited offer to boy Dow Jones, for a tidy profit of $8.2 million. More details here.
3. In the Future of a Defamation Lawsuit, Dimon Is the Law. Here’s a teaser, concerning the lawsuits that are flying between Dow Chemical and a former executive and board member: “It’s the legal equivalent of a John Woo action scene.”
You can check out the full post here.


Stroock Stroock Lavan LLP Above the Law blog.JPGApparently something weird is going on over in the New York office of Stroock & Stroock & Lavan. Something really weird.
A source at another firm advised us:

Something has happened at Stroock. Rumors floating around that an associate flipped his s**t and emailed all personnel with something odd. I can’t find out more than that.

Use your powers. Find the answer.

After invoking said “powers,” we learned a bit more — and got our filthy paws on the email.
Check it out, after the jump.

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Free Paris Hilton t-shirt Above the Law blog.jpgOr Governor Arnold Schwarzenegger’s, actually. From the Los Angeles Times:

Don’t get that jail cell ready for Paris Hilton just yet. Hilton’s defense team has launched a last-ditch effort to keep her out of jail after a Los Angeles traffic court judge made international headlines by sentencing the socialite to 45 days in county jail for repeatedly driving while her license was suspended.

Her attorneys have filed a notice of appeal at the courthouse. Though the document does not lay out the grounds for the appeal, her attorney, Howard L. Weitzman, has said the sentence was far too harsh given Hilton’s misdeeds.

We used to specialize in criminal appeals. But you need neither experience nor expertise to conclude that this argument is a legal loser. Here’s a good quip from a prof at Loyola Law:

“I don’t think the Founding Fathers had Paris Hilton’s driving conviction in mind when they enacted the cruel and unusual punishment provision of the Constitution,” said Loyola Law School professor Laurie Levenson.

But don’t count Paris out just yet. More discussion, after the jump.

double red triangle arrows Continue reading “Paris Hilton: She Begs Your Pardon”

Sullivan & Cromwell logo small S&C Sully Above the Law.JPGSome of you have asked us for a new thread to discuss clerkship bonuses. Your wish is granted.*
We’ll kick off this clerkship bonus discussion with some good news. It concerns Sullivan & Cromwell, which first got the ball rolling on clerkship bonuses, by raising to $50K in the wake of the Brokeback Lawfirm scandal.
(Law clerks, you owe Aaron Charney a debt of gratitude. If he sets up an Aaron Charney Legal Defense Fund, you should contribute generously.)
Anyway, here’s the news:

I just got a call from the recruiting coordinator at S&C confirming they are now paying 70K for those with two years of clerkship experience.

Please keep up the excellent work on this front, I desperately want Cleary to match!

A partial summary of where things currently stand in the clerkship bonus market, after the jump.
* We receive many requests to cover X or Y when salary matters are in full swing. We try to accommodate the ones that we can, but obviously there are many that we can’t. Sorry, we are not going to start a “List of Shame” for ERISA boutiques in Topeka that don’t pay $80,000.

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Susman Godfrey LLP Above the Law blog.JPGThe litigation boutique of Susman Godfrey is prestigious. And it is well-paying, especially around bonus time.
It’s also not shy about honking its own horn (which shouldn’t be surprising, given its Texas roots). In fact, Susman Godfrey just issued a press release about its pay raises that might make Gallion & Spielvogel blush.
Here are some excerpts (emphases added):

TOP LITIGATION BOUTIQUE SUSMAN GODFREY RAISES ASSOCIATES SALARIES IN LOS ANGELES & NEW YORK OFFICE

Susman Godfrey announced today a salary increase for their associates in Los Angeles and New York. The compensation package for first year associates joining their Los Angeles and New York offices is $160,000, plus benefits. Already among the best paid associates nation-wide, the compensation package for first year associates in their Houston, Dallas, and Seattle offices is $140,000, plus benefits….

Susman Godfrey also pays year end merit bonuses to associates who have been with the firm for at least one year. Last year, associate bonuses topped out at $120,000. In 2005, some associates received a walloping $150,000 in year-end perks. More commonly, our merit bonuses have accounted for 20% to 60% of an associate’s annual compensation and are far in excess of bonuses paid by our competitors. Thus, associates’ year-end merit bonuses tend to range from an additional $30,000 to $80,000 on top of the base salary.

“We are also the bestest law firm ever. Simply put, our competitors just suck.”
You can read the full press release, in all its glory, by clicking here.

Top Litigation Boutique Susman Godfrey Raises Associates Salaries in Los Angeles & New York
[Susman Godfrey]

100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGIn some of the comment threads to our pay raise coverage, questions have been raised with respect to summer associates. For the firms that have recently raised associate salaries, people are wondering: Will summer associates be in on the fun?
Our take: Of course they will. Summer associates are traditionally paid at the rate of permanent or regular first-year associates, and we see no reason for that to change.
After all, firms are trying to woo summers. This is why they pay SAs ridiculous amounts of money to do “jack s**t” and go out to fancy lunches. Why would they want to alienate SAs, whom they are trying to convince to return to the firm on a permanent basis, by paying them according to a lower, outdated pay scale?
So if you’ll be summering at a law firm that just went from the $145K scale to the $160K scale, relax. You will surely be paid based on the new going rate. Unless your firm is completely lame, in which case you shouldn’t take their permanent offer. As the old saying goes, “Cheapness in one area suggests cheapness in all areas.”
Several firms that have just raised associate base salaries have officially informed their incoming summer associates that they will be paid according to the new scale. We reprint a representative memo, from Latham & Watkins, after the jump.

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Ernest Murphy Judge Ernest B Murphy Above the Law blog.jpgIt’s a bird! It’s a plane! It’s… an ATL post not related to law firm pay raises!
The Massachusetts Supreme Judicial Court recently issued a somewhat saucy opinion in a libel case brought by a state court judge, Ernest B. Murphy, against a New England tabloid, the Boston Herald. No, we don’t know who is more icky.
Given the demanding “actual malice” standard, libel cases can be tough to win — but in this case, the plaintiff prevailed. Judge Murphy won a $2 million verdict against the Herald. This verdict, as modified by the trial judge, was just upheld by the SJC.
Yesterday we sat down with the folks over at Gawker to chat about the case. Check out our IM conversation with them by clicking here.
Understanding The ‘Boston Herald’ Libel Case [Gawker]
Judge’s Libel Victory Against Paper Is Upheld [New York Times]
Murphy v. Boston Herald [Massachusetts Supreme Judicial Court (click on "Opinions" in lefthand column)]
Case Report for Ernest B. Murphy v. Boston Herald [MoreLaw.com]

Hogan Hartson LLP Above the Law blog.JPGThere is no longer any doubt: the nation’s capital is on the so-called “$160K scale.” Say good-bye (or good riddance) to the salary differential between (1) Washington-based firms, and (2) the D.C. offices of New York or California firms.
Why? The homegrown firm of Hogan & Hartson just raised associate base salaries, matching the $160K scale in its Washington, Baltimore, and Los Angeles offices (for the 1950 hour track, but not the 1800 hour track).
This means that the other top D.C. firms, like Arnold & Porter and Covington & Burling, have no choice but to follow suit. Failing to match, now that a true peer firm has done so, would give rise to mortification (and deservedly so).
The full Hogan & Hartson memo, after the jump.

double red triangle arrows Continue reading West Coast Washington D.C. Pay Raise Watch: Hogan & Hartson Goes to $160K”

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