There hasn’t been much major good news on the associate compensation front over the past few years — since, say, January 2007. But recent weeks have brought pockets of minor good news for limited constituencies. Green shoots, anyone?
* The DOJ and a number of state attorneys general are suing to block the merger of American Airlines and US Airways. American and US Airways weren’t fazed because they expected lengthy delays. [Courthouse News Service]
* The Consumer Product Safety Commission is going after a CEO individually. Craig Zucker, the CEO of the company that makes the office toy BuckyBalls, has really gotten under the CPSC’s skin in resisting their efforts to get BuckyBalls off the market. First they came for the BuckyBalls and I said nothing, then they came for the drinking bird and there was no one left to speak for it. [Overlawyered]
* Here’s a look at law school applications for top schools charted over time. Spoiler alert: if these schools are playing a Ponzi scheme, they’re failing. [Associate's Mind]
* More Americans fled overseas to avoid taxes this year. If we make it so the traitorous ninnies can’t come back, this sounds awesome. [Wall Street Journal]
* Judicial Clerk Review asks how Shon Hopwood disclosed that whole “convicted bank robber” thing in his application. [Judicial Clerk Review]
* Professor Robert Anderson has a new bar passage calculator. Take it for a spin to figure out whether or you much you should be freaking out. [Witnesseth]
* Is this the worst job listing ever? Perhaps not. Definitely the most honest in being a bad job listing though. Check it out after the jump (click to enlarge), via the University of Houston Law Center…
* This gem of a listing just showed up in the “legal/paralegal jobs” section of Craigslist. Be sure to send a “nude picture” with your résumé! Perhaps someone has been watching too many Maggie Gyllenhaal films. If it gets taken down a screenshot is here, and the klassy alternative picture in the listing is here. [Craigslist]
* From the “no good deed goes unpunished” department, Georgetown Law has figured out how to bilk taxpayers into covering the costs of increasing tuition. The federal government forgives law school debt for those in the public sector if they agree to make an income-based payment. Georgetown is covering those costs, passing it on to future students (who also won’t be paying it back), and then encouraging students to shelter income to guarantee the school comes out ahead. This is why we can’t have nice things. [Wonkblog / Washington Post]
* The always outspoken Judge Kopf shares his thoughts on Shon Hopwood’s selection as a clerk for Judge Janice Rogers Brown. Judge Kopf sentenced Hopwood to 147 months in the 90s. [Hercules and the Umpire]
* A delightful “man bites dog” story: a bank didn’t read a customer’s amendments to a credit card application before issuing him a card and went to court whining about how hard it is to pay attention to the fine print. Boo hoo hoo. [The Telegraph]
* How to deal with your mistakes. This only applies to associates, though. Partners have two steps: (1) find an associate; (2) blame the associate. [Associate's Mind]
* Everything’s bigger in Texas, including their misreading of the Supreme Court’s precedent. [Election Law Blog]
* China is way serious about prosecuting corruption. [Legal Juice]
* The Mets muscle man whose comic inability to open a water bottle went viral on YouTube is actually a lawyer from White Plains. If you haven’t seen the clip yet, it’s after the jump. Watching the water bottle battle is the only excuse for subjecting yourself to a Royals-Mets game…
* Compiling a collection of historical White House counsel advice was a labor of love. The collection includes advice on issues ranging from dealing with Leon Trotsky to blockading Cuba. Advice on treaty with Roswell visitors conspicuously absent. [WSJ Law Blog]
* An incoming 1L at Ole Miss takes to Craigslist to find a “young cute girl” to be “arm candy I spoil.” Ick. [Craigslist (in case that comes down, here's a screenshot)]
* Johnny “Football” Manziel’s alleged autograph-for-pay scheme has prompted Texas A&M to hire Lightfoot, Franklin and White, the law firm that helped out Auburn when Cam Newton totally got paid to play was wrongfully accused of taking payments. [USA Today]
* Oh closed circuit surveillance, is there anything you can’t do? A police officer in Italy’s Supreme Court has earned some Internet fame after being caught dancing to YMCA while waiting for the verdict in Silvio Berlusconi’s trial. Original video after the jump. Check out Legal Cheek for some viewer-created homages. [Legal Cheek]
Base salaries for Biglaw associates haven’t budged since January 2007, when Simpson Thacher led the charge to $160k. Year-end bonuses have remained fairly static since 2007 as well, the year of Cravath’s special bonuses. The 2012 bonuses represented an improvement over the 2011 bonuses, but only if you ignored the 2011 phenomenon of spring bonuses. On the whole, associate compensation is treading water.
But for Supreme Court clerks, aka “The Elect,” compensation continues to climb. In 2011, the signing bonus for outgoing SCOTUS clerks started to move from $250K to $280K. In 2012, the increase solidified, with $280K becoming the new going rate (and $285K becoming the above-market rate).
Now, just a year later, some firms are offering SCOTUS clerkship bonuses in excess of $280K or $285K. How much are they paying, and which offices of which firms are leading the market higher? The answer might surprise you….
* Hiring a Supreme Court clerk might not be worth a $500,000 gamble for some Biglaw firms. Some will take that sweet sign-on bonus and remove their golden handcuffs before a year is out. [Capital Comment / Washingtonian]
* Akin Gump partner and D.C. Circuit nominee Patricia Millett won approval from the Senate Judiciary Committee by a margin of 10-8 along party lines, and now her nomination will head to the full Senate for a vote. [Huffington Post]
* President Obama nominated Michelle Friedland and John Owens, two young Munger Tolles & Olson partners, for seats on the Ninth Circuit. If confirmed, that’ll make three partners from the same firm on the bench. [The Recorder]
* Sorry, law firms, but it’s no longer cool to inflate hourly billing rates for contract attorneys when you pay them substantially less. You can thank Ted Frank for this judicial revelation. [WSJ Law Blog]
* The ABA Task Force on the Future of Legal Education thinks that just about everything having to do with law schools is “deeply flawed” and needs “serious re-engineering.” How comforting. [ABA Journal]
* Law School Transparency is willing to assist schools with the reporting of their ABA post-graduation job placement statistics, for a price. How much is integrity worth these days? [National Law Journal]
* For $25K, Casey Anthony’s bankruptcy trustee won’t make her sell the worldwide rights to her story — like her theory of the crime she was acquitted of, it “exists solely within [her] mind.” [Sun-Sentinel]
Ten years after their time at One First Street, where do Supreme Court clerks wind up? Back in 2004, I tossed out a number of possibilities: high-ranking government posts, lucrative partnerships at leading law firms, and tenured professorships at top law schools.
That seems to be about right. Professor Derek Muller put together this interesting analysis — via Orin Kerr, via Judge Dillard on Twitter — of the SCOTUS clerk class from ten years ago. The clerks for October Term 2003 now occupy some pretty prestigious perches, including posts in the Solicitor General’s Office and the Office of Legal Counsel, professorships at Harvard and Yale, and partnerships at Sullivan & Cromwell and Paul Weiss.
Who will follow in their footsteps? We have some new goodies for devotees of SCOTUS law clerk hiring.
Keep reading for a look at (1) the official list of Supreme Court clerks for October Term 2013, courtesy of the Court itself; (2) our unofficial list of OT 2013 clerks, with law school and prior clerkship information; and (3) an updated list of October Term 2014 hires thus far. Justice Ruth Bader Ginsburg has hired multiple clerks for OT 2014, suggesting that she’s not going anywhere….
* J. Lo has apologized for singing Happy Birthday to a repressive dictator. Many are questioning the decision to serenade an alleged violator of international human rights law, but I’m just confused why J. Lo didn’t opt for the new, copyright-free birthday song? But people are being way too tough on the President of Turkmenistan. Don’t be fooled by the rocks that he got, he’s still Gurbanguly from the block. [Breaking Energy]
* NYU Law Professor Barry Friedman and Dahlia Lithwick wonder if the progressives have another liberal agenda item to push after marriage equality. The authors cite issues like voting rights and opposition to the death penalty as traditionally liberal causes marginalized by progressives. It strikes me this article makes a lot more sense if you replace the word “progressive” with “Justice Kennedy.” [Slate]
* DLA Piper’s decision to hire Lee Smolen has raised more than a few eyebrows given the firm’s commitment to ethical billing policies. [Hellerman Baretz]
* After a week of landmark rulings and Biglaw layoffs, the importance of clerking cannot be understated. [Judicial Clerk Review]
* The Supreme Court Term feels like a distant memory, but now’s a good time to look back on it with added perspective. Courtesy of MoloLamken, here’s a great guide to the big business cases of the Supreme Court Term just ended. Download or print it, then read it at your leisure. [MoloLamken]
* An attorney left the rat race to open a pea company. But these don’t look like the peas you tried to hide under your mashed potatoes, they look like serious snack food. [Kickstarter]
For the record, I don’t know the sexual orientations of Justice Kennedy’s outgoing law clerks — well, not all of them — and I don’t intend to go digging for such info. But in fairness to Robertson, before you yell at him for making a big deal out of gay SCOTUS clerks, please note that the topic has made headlines recently. Indeed, it would be interesting to look back on his historic Term for gay rights from the perspective of a lesbian or gay clerk. Perhaps we’ll hear from such a clerk in the future (although the absence of leaks about the big rulings suggests that this group is an impressively tight-lipped bunch).
If I were selected to serve as a law clerk to a justice of the United States Supreme Court, I would be gay — as in very, very happy. Let’s look at the brilliant young lawyers who have been hired as SCOTUS clerks for the next two Terms of the Court….
Driving to court this morning for a pro bono appearance, my Blackberry buzzed with the headline that DOMA had been struck down. Concurrently, the song “Fight the Good Fight” was playing on the radio. Indeed.
In France, there were violent protests in the streets when the issue was up for a vote. Here, some folks give a shrug and a “meh” to today’s news. Later, when the Court effectively struck down Prop 8, people in California began pilgrimages to their local courthouses or civic centers to look into getting married. It is indeed a great day to be an American….
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: firstname.lastname@example.org.
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!
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.