Over the weekend, the New York Times had an interesting article about compensation for Wall Street bankers. The article explained how, due to criticism from the public and from Congress, banks shifted employee comp away from cash and towards stocks and options. This shift was supposed to align pay with performance, averting an AIG situation of rewarding failure.

Now, thanks to the recovery in bank shares — fueled in part by generous government bailouts, and not necessarily the brilliant performance of bank employees — these stock and option grants are turning out to be super-lucrative. Here’s an interesting excerpt:

Goldman Sachs, for instance, sharply cut nearly all bonuses it paid last year but gave some executives more options than usual.

The company gave its general counsel, for example, 104,868 stock options and 14,117 shares in December, when the bank’s stock was around $78.

Now the bank’s shares have more than doubled in value, making that stock and option award worth nearly $12 million, according to Equilar, an executive compensation research firm in Redwood Shores, Calif.

Sullivan & Cromwell partners, eat your hearts out. Not only does Goldman GC Gregory Palm get to boss you around, he also makes more money than you do.

Way more. Get a hint of how much, after the jump.

Perhaps it’s a sign of the times. We received a whopping four (4) entries in our inaugural law firm swag contest. Is law firm swag, like subsidized soda or staff attorney programs, another casualty of the recession?

But if we cancel the contest, then the terrorists win. So, onward!

We realize, of course, that not everyone approves of swag. See, e.g., this comment:

This is fairly disgusting…. I find this article particularly untimely, given that most law students are struggling to find good jobs, and many practicing attorneys are struggling just to keep the jobs they have.

Jeez, commenter 58 — lighten up! Considering that we cover law firm layoffs in excruciating detail, to the point where many accuse us of doomsaying and fearmongering, we are aware of the tough job market. But, even in the Great Recession, some people are still getting offers — along with a little swag to sweeten the pot. So what’s wrong with some fun to balance out the gloom?

In defense of law firm schwag, here’s a trend worth noting: “going green.” Firms are trying to be environmentally conscious in their swag selections, as well as more socially responsible in general. This may make schwag less “disgusting” to its critics.

A second theme of swag this year: customization. In this age of individualism and/or narcissism, firms are letting swag recipients have a say in what gets given away. Just as firms are moving away from lockstep in terms of pay and promotion, so too are they allowing for greater tailoring in terms of swag.

Check out the finalists, and vote for the best law firm swag, after the jump.

Another week, another NYT Vows column comparing the bride to a giant coniferous tree (“The bride stood stately and erect, echoing the Redwoods that surrounded them … “). Seriously, could they maybe assign Vows once a month to a real writer, just to make it a little less chirpy and insipid? What about Maureen Dowd? What about Paul Krugman?

Here are this week’s finalists, including the tree-like bride:

1. Alizah Diamond and Itai Maytal

2. Stefanie Schneider and David Alpert

3. Anya Emerson and Jonah Staw

After the jump, our non-chirpy analysis of these couples.

So LEWW was at a wedding the other weekend, and who should plunk down next to us but a reporter for the NYT Vows section! It was a deeply emotional, humbling experience — like being face-to-face with Gandhi, or Bono — but after we recovered, we waved our ATL press credentials and had a nice chat with the correspondent.

Turns out it was her first Vows column, so we briefed her on the most basic rules of Vows column writing: Make sure you refer to the bride, groom, or both as “honest,” “courageous,” “spirited,” or “down-to-earth,” etc., and definitely include at least one forced simile (“as white as a sun-bleached seashell” is good; “as grounded and unshakable as a redwood” is a two-fer!).

We can’t wait to read about that wedding in this coming weekend’s NYT, but in the meantime, we have two weeks worth of LEWW to catch you up on. Here are our featured couples:

1.) Kate Edmonds and Alex Donner

2.) Denise Delgado and Keith Kerman

3.) Fell Ogden and Charles Gray Jr.

4.) Daisy Wademan and Luc Dowling

5.) Deecy Gray and Douglas Ginsburg

6.) Aielleen Fajardo and Stefan Schick

More about these couples, after the jump.