Staci Zaretsky became an editor for ATL in June 2011. Before becoming an editor, she helped write ATL’s Morning Docket under the pseudonym Morning Dockette. Her writing has been featured on other legal blogs, such as Lawyerist and Ms. JD. Staci graduated from Lehigh University, and Western New England University School of Law, where her writing was published in the Western New England Law Review. In her spare time, Staci enjoys watching reality television, shopping for clothes she doesn't need with money she doesn't have, and singing along to Lady Gaga's latest hits.
Since the Great Recession, it’s far too often that the public hears tales of horror about lawyers drowning in debt. We think it’s time for a change of pace. There are plenty of lawyers out there who have really made it financially — in case you’re mistaken, these people aren’t millionaires, they’re billionaires. These people would laugh at the thought of people suffering under the weight of six puny figures of law school loans.
As luck would have it, there’s a way to keep track of these luxurious creatures. Earlier this week, Forbes released its annual list of the richest people in America, the Forbes 400. Each year, we pore over the list to find the wealthiest lawyers, and in 2014, legal eagles continue to make a strong showing.
Which lawyers made the list this year? Keep reading to find out…
* Weil Gotshal is tired of winnowing its workers, so this time around, the firm is relinquishing some of its real estate. The firm will have the same address as usual, but its space will be smaller — 20 percent smaller. [WSJ Law Blog]
* It’s not just leaders of Biglaw firms who are looking to downsize. Leaders of midsize firms are trying to do the same thing, but with their management responsibilities instead of their people. Charming. [Pittsburgh Post-Gazette]
* Lawyers are typically stereotyped by the uninformed as being some of the richest people in America. As luck would have it, some lawyers are the richest people in America. Which ones? We’ll have more on this later. [Am Law Daily]
* “If I could redo a year ago, I would still go. Just because I know that [law school] still opens doors.” We’ve got a correction: Silly 2L, Columbia Law — not law school in general — still opens doors. [USA Today]
* Tracy Morgan has spoken out for the first time since his tragic accident this summer, but only after Wal-Mart blamed him for getting hurt in the first place. It’s a rollback on pure class. [New York Daily News]
We should realize that this is an emperor that truly has no clothes. For too long, we have treated the Court [a]s if they are the high priests of the law, or at least as if they are the smartest and best lawyers in society.
* “[T]he ‘superstar’ model of Supreme Court advocacy marketing is prevailing”: recent Supreme Court litigation has been dominated by Biglaw and boutiques, and five of them handled about half of last term’s cases. [WSJ Law Blog]
* It’s not a “done deal” yet, but Albany Law School is in serious talks with the University at Albany to form an affiliation by the end of the year. There’s been no word on whether Albany Law would remain a stand-alone school under the yet-to-be inked arrangement. [Albany Business Review]
* The dismissal of lawsuits concerning allegedly deceptive employment statistics at several Chicago-area law schools was affirmed by an Illinois appeals court. ::insert sad trombone here:: [National Law Journal]
Hallelujah and rejoice, for there are new Biglaw rankings upon us. Today, the American Lawyer magazine announced its Global 100, a ranking of the world’s 100 largest law firms in terms of total revenue. As we learned from the 2014 Am Law 100, the super-rich among the world’s Biglaw firms are only getting richer, and the latest rankings serve only as confirmation of this fact.
Last year, there were some surprising moves among the top 10 global firms, with DLA Piper swooping in to steal Baker & McKenzie’s thunder as the top-grossing firm in the world. Did the global mega-firm manage to reclaim its glory in the Global 100?
Cease-and-desist letters are usually useful legal tools to help combat the appropriation of intellectual property, but sometimes lawyers are a little too quick to send them out.
Take, for example, a recent C&D letter Instagram’s legal department sent to a website owner who was supposedly infringing upon the photo-sharing service’s trademark with his registration of the “slutsofinstagram.com” domain name.
You can’t blame Instagram for not wanting its mark to be associated with a website purporting to depict the “Sluts of Instagram,” but as it turns out, the offending website doesn’t have any sluts at all…
She’s not a porn star, she’s a law student. We could see where you might be confused by that one.
* Now that we know Eric Holder is resigning, there’s been speculation as to where he’ll go next. The obvious choice is a return to Covington & Burling, but he could still surprise everyone. [National Law Journal]
* “Judicial campaign cash is burning a hole in the Constitution.” State court judges are pumping money into their election campaigns, and some have been left to wonder about its true price. [New York Times]
* Details have emerged as to conditions that must be met for Bingham McCutchen’s proposed merger with Morgan Lewis: partner promises, de-equitizations, and forgivable loans, oh my! [Reuters (sub. req.)]
* A former law student who was falsely identified as a porn star on the radio had her day in court and pulled out a win. Here’s the money shot: she’s walking away with $1 million in damages. [Kansas City Star]
Think carefully. Everything after this moment will not only determine your career, but life. You can spend it in a corporate office drafting contracts and hitting on chubby paralegals before finally putting a gun in your mouth, or you can join my firm and become someone you actually like. So decide: do you want the job or not?
(The show, complete with absurd dialogue — like the 1L who brags about his recent summer internship with Chief Justice Roberts — and even more ridiculous plotlines — like the 1Ls who quote case law while deciding where to bury a body — is loosely based on attending Penn Law.)
Kamala D. Harris is ‘by far, the best looking attorney general.’
* Solicitor General Don Verrilli may be a frontrunner to replace Eric Holder as attorney general, but the competition seems to be stiff. Kamala Harris, anyone? [USA Today]
* FBI Director James Comey is annoyed by Apple and Google marketing their encryption prowess for privacy’s sake — it’ll “allow people to place themselves beyond the law.” [WSJ Law Blog]
* White & Case just hopped aboard the onshore outsourcing train with its announcement that it would open a services center in Tampa, Florida. The move will create about 100 jobs, but we’d love to know how many it’s negating. [Tampa Bay Times]
* Slater & Gordon, the world’s first publicly traded law firm, has been on an “acquisition spree” in England. Earlier this month, it picked up a patent practice, and now it’s in talks with a litigation shop. [Am Law Daily]
* “Law school is a major gamble,” and people are more informed, but that somehow isn’t stopping people from applying. This is a great article to read if you’re still considering going all in. [New York Observer]
OmniVere’s delivery of end-to-end technology & data consulting to position the company as a true differentiator in the global legal technology and compliance space.
CHICAGO, IL, September 29, 2014 – OmniVere today announced the creation of the company’s technology & data consulting arm and the addition of several industry-renown experts, including the former co-chairs of Berkeley Research Group’s (BRG’s) Technology Services practice, Liam Ferguson, Rich Finkelman and Courtney Fletcher.
This new consulting practice will provide and expand existing OmniVere eDiscovery consulting services to corporations, law firms and government agencies with a special focus on compliance, information governance and eDiscovery. This addition of this top talent now positions OmniVere as a true industry leader in the technology and data consulting space offering best-in-class end-to-end services.
Ferguson, Finkelman & Fletcher are nationally recognized experts and seasoned veterans in the areas of overall technology, electronic discovery, and structured data. At OmniVere, the team will be focused on all global consulting activities with respect to legal compliance, complex data analytics, business intelligence design and analysis, and electronic discovery service offerings.
The Trust Women conference is an influential gathering that brings together global corporations, lawyers and pioneers in the field of women’s rights. Unlike many other events, Trust Women delegates take action and forge tangible commitments to empower women to know and defend their rights.
This year, the Trust Women conference will take place 18-19 November in London. From women’s economic empowerment to slavery in the supply chain and child labour, this year’s agenda is strong and powerful. Speakers include Professor Muhammad Yunus, Nobel Laureate and founder of the Grameen Bank; Phumzile Mlambo-Ngcuka, Executive Director of UN Women; Mary Ellen Iskenderian, President and CEO of Women’s World Banking and many other influential leaders. Find out more about Trust Women here.