We recently asked readers to submit possible captions for this picture:
Now that you’ve voted on the finalists, let’s announce the winner….
We’ve been hearing rumblings about it for weeks, and now there’s something to report: Locke Lord and Edwards Wildman Palmer have signed a letter of intent to merge.
Some folks at Edwards Wildman must be breathing sighs of relief (and hoping that nothing scuttles the deal). The past year or so has been challenging for the firm. In the spring, the firm laid off 52 lawyers and staff. In 2013, the firm experienced lots of partner defections and a significant dip in gross revenue.
It’s nice to see a troubled firm get rescued through a merger — e.g., Patton Boggs — instead of suffer the fate of Dewey. What do we know about the possible Locke Lord / Edwards Wildman deal?
The start of the new Term of the Supreme Court of the United States is about a month away. So now is a good time to do a new round-up for Supreme Court clerk hiring. As it turns out, there are more than enough unreported hires for a fresh story.
And there’s other SCOTUS clerk news to share as well. Remember last year, when law firm signing bonuses for SCOTUS clerks hit a new high of $300,000? Well, try to stop yourself from turning green with envy, but some firms are now offering even more than that.
How much are these kids — and yes, many of them are kids, in their mid-twenties — taking home in signing bonuses? Yes, signing bonuses, on top of their usual six-figure associate salaries….
Observers of the legal industry have been wondering about the future of Bingham McCutchen for the past several months. In the wake of a rocky 2013, which triggered some lawyer departures and staff reductions, there has been a fair amount of merger talk.
Some have wondered whether Bingham might “fall victim to its own strategy” — i.e., whether the firm, which grew in power and profitability by swallowing up other firms, might itself get eaten up by a rival.
So what’s the latest on the Bingham merger talk front? And what might happen if the talks go further?
* Congratulations to Judge Jill Pryor, who will join Judge Bill Pryor on the Eleventh Circuit. [Fulton County Daily Report]
* Can you be fired for medical marijuana in Colorado, where the drug is legal even for recreational purposes? [ABA Journal]
* Dewey have some good news for the embattled ex-leaders of the defunct law firm? [New York Law Journal]
* Home Depot is the latest major retailer to be hit by a data breach. [Washington Post]
Talk of paradise brings us to the latest high-profile reality TV offering: Utopia. This “big, bold, and expensive” Fox show debuted last night to ratings described as “not ideal.” The premise of the show: drop 15 people into an isolated five-acre camp in the California wilderness, with no internet, electricity, or plumbing, and watch these “founding fathers and mothers” try to “form a new society and rethink all the fundamental tenets of civilization.”
An Above the Law reader who watched the first episode described Utopia as “a complete train wreck.” But at least it’s a train wreck featuring a lawyer — a rather attractive lawyer, in fact….
We’ve been enjoying the occasional trip back in time to look at Biglaw in ages past. In prior Flashback Friday posts, we’ve covered such topics as the most prestigious law firms in 1998 and billable hours in the 1990s.
And, of course, we have covered compensation. We’ve done two posts so far looking at associate comp in the 1990s, in New York and in other cities — Atlanta, Boston, Chicago, Dallas, Houston, and Los Angeles.
Today we’ll close out the series with an overview of associate pay in the remaining markets of Philadelphia, Pittsburgh, San Francisco/Palo Alto, and Washington, D.C….
[T]he solution to the knot [of complex legal problems] has been to add more string. Simply adding more lawyers and compliance professionals will only create far worse, more complicated and more costly problems.
– Geoffrey A. Moore, author of the bestselling Crossing the Chasm (affiliate link) and other books, and Mark Harris, CEO of Axiom, in an interesting DealBook piece about the need to rethink the current model for delivery of legal services.