Earlier this week, we solicited funny captions for this photo (a great image for the July 4th weekend, given all the American flags):
You responded with around 70 comments. This was a smaller-than-usual number of nominees, but they were of high quality. There were about 25 or so that we saw as worthy contenders. Alas, to make the contest workable, we winnowed the entries down to a shortlist of eight.
Check them out and vote — warning: some crude / juvenile humor ahead (if you can’t handle it, stop reading now) — after the jump.
In between Christmas and New Year’s, while most of us were stuffing our faces, celebrated litigator David Boies was stuffing his own stocking — with a magnificent New York apartment. Last year was a good one for Boies Schiller associates, at least based on their bonuses; and it probably was a good one for their boss, at least based on his latest real estate purchase.
There’s no need for Boies to feel guilty, though, since it seems he got a bargain. From Bloomberg:
David Boies, the antitrust lawyer who took on Microsoft Corp. and represented Al Gore in the contested U.S. presidential election of 2000, bought a seven room apartment overlooking New York’s Central Park for $7.75 million after the price was reduced by more than 20 percent.
Boies, chairman and founder of New York-based law firm Boies, Schiller & Flexner LLP, purchased a two-bedroom unit at the Sherry-Netherland hotel on Fifth Avenue and 59th Street, according to city property records. The original asking price was $9.95 million, according to listing service StreetEasy.com.
More details, plus photos of the fabulous pad, after the jump.
Year-end associate bonuses were recently announced by Boies, Schiller & Flexner, the litigation powerhouse founded by the renowned David Boies. And the Boies bonuses were good — very good.
For starters, unlike other top firms, Boies is paying bonuses to first-year associates from the class of 2009. According to Phil Korologos, a partner in the firm’s New York office:
First-year associates who started after September 1, 2009 will receive a $5,000 year-end bonus. First-year associates who started prior to September 1, 2009, will receive the greater of $5,000 or their performance-based bonus.
Performance-based bonuses at the firm can be quite high, depending on how hard you work and the types of cases you work on (contingency or non-contingency). As a result, bonuses at Boies are individualized, not lockstep; there’s no magic number for each class year. The firm provided Above the Law with the high end of its bonus ranges:
For associates after their first year, the amount of their bonus is based on performance. The performance based bonuses for rising second-year associates range as high as $70,000.
The performance based bonuses for associates beyond their second year range as high as $150,000.
Six-figure bonuses? Now we’re getting into Wachtell territory — or beyond (since we suspect Wachtell bonuses will be down quite a bit this year).
In addition, Boies Schiller pays above-market base salaries — just like Wachtell ($165,000) and Williams & Connolly ($180,000). First-year associates at BSF now start at $174,000.
Check out the complete Boies salary scale, plus learn more about how their bonuses are calculated, after the jump.
We just returned from a very fun weekend in Las Vegas, where we watched a friend compete in the Las Vegas Rock ‘n’ Roll marathon. Our friend was one of many lawyers in competition. He’s a prosecutor, but we also saw a public defender — her T-shirt said so — and possibly some lawyers from Morrison & Foerster (in “Run Like a MoFo” apparel). As discussed before in these pages, there’s something about marathon running that attracts attorneys.
Sadly, while in Sin City, we suffered some ill fortune at the craps tables. But things could have been worse — much worse. From an article in the Wall Street Journal:
During a year-long gambling binge at the Caesars Palace and Rio casinos in 2007, Terrance Watanabe managed to lose nearly $127 million.
The run is believed to be one of the biggest losing streaks by an individual in Las Vegas history. It devoured much of Mr. Watanabe’s personal fortune, he says, which he built up over more than two decades running his family’s party-favor import business in Omaha, Neb. It also benefitted the two casinos’ parent company, Harrah’s Entertainment Inc., which derived about 5.6% of its Las Vegas gambling revenue from Mr. Watanabe that year.
In a civil suit filed in Clark County District Court last month, Mr. Watanabe, 52 years old, says casino staff routinely plied him with liquor and pain medication as part of a systematic plan to keep him gambling.
More about the lawsuit, plus a fun fact about the article’s authorship, after the jump.
It’s only Tuesday morning, and we’ve already done severalposts on the professional plight of non-elite law school graduates. So we’re declaring this week Non-Top-Tier Law School Week at ATL. If you have a story idea that fits into this theme, please email us.
Here’s our latest tale about the plight of “non-T14″ law school grads. It suggests that Mahmoud Ahmadinejad isn’t the only person making controversial appearances at New York area schools.
From a tipster at New York Law School (a Tier 3 school, not to be confused with fourth-ranked NYU; if you ever want to piss off an NYU grad, refer to their alma mater as “New York Law School”):
“New York Law School in Tribeca had David Boies speak at our graduation this past July. Yet his firm does not hire from New York Law School. The only NYLS alum there graduated in 1968.”
Ouch. But for the record, our tipster later emailed us a correction: there’s one more New York Law School grad at Boies Schiller. That makes for a grand total of two (2) NYLS alumni at the firm. But the point is still the same. As our source observes, “they still don’t even do on campus at NYLS.”
“Anyway, this is intended to be more damning of NYLS than it is of Boies Schiller, which has the right to follow any hiring practices they desire. However, NYLS should maybe be a little more selective in who they choose to speak to us third-tier graduates.”
Do you agree with this tipster? Is NYLS degrading itself by, in the words of our tipster, “giving out honorary degrees to people who don’t even hire its graduates”? Or would the tipster’s approach unduly limit the universe of possible graduation speakers?
More discussion, including some email correspondence between an NYLS student and the school’s dean, after the jump.
We’re surprised that the firms in this latest group of Vault 100 law firms aren’t ranked more highly. Some of them are quite profitable (Dechert),* prestigious (Munger), or high-profile (Boies Schiller, home of legendary litigator David Boies).
But who are we to argue? For communal discussion, here is this morning’s batch of Biglaws:
In a recent post about Peter Barta, the Legal Aid lawyer who allegedly videotaped his female colleagues as they were getting undressed, we ranked on policy debaters.
Maybe we should take it back. From a highly informative reader email:
Not all former policy debaters are creeps. Here’s a list of former policy debaters who are current or future legal rock stars:
Justice Samuel Alito, Judge Merrick Garland, Larry Tribe, Louis Kaplow, Erwin Chemerinsky, NYU President John Sexton, Jonathan Massey, David Boies, Tom Goldstein, Rebecca Tushnet, Annie Kastanek (OT 2007/Kennedy), and John Hughes (OT 2005/Thomas; pictured at right, captured in mid-debate).
Former policy debaters, please accept our apologies. We did extemp and L-D debate in high school, and we generally viewed C-X debaters with suspicion. They struck us as kids who talked reallyreallyfast, warning constantly of nuclear war. But maybe we were wrong.
To paraphrase the “ignorant tipster” from the Oona O’Connell story: “We feel kind of bad that we prejudged them. Sorry to sound like an afterschool special. But you know what? Perhaps we learned a lesson today. Good on you. ‘The more you know.’” Earlier: Reading the Bartameter (Part 3): What Is Up With Those Policy Debaters?
In about fifteen minutes, the Supreme Court will start hearing oral argument in two big-ticket cases about the use of race as a factor in assigning students to public schools. One case comes from Louisville, Kentucky, and the other from Seattle, Washington.
Expect a packed courtroom — the cases are sexy enough to merit same-day audio — and some less-than-stellar advocacy. From Tony Mauro of the Legal Times:
[T]he suspense will [also] focus on Teddy Gordon, the Louisville solo practitioner who will argue against using race. His nine-page merits brief was attacked as “extremely weak” by Columbia Law School professor Michael Dorf, a former clerk to Justice Anthony Kennedy who wondered in a Findlaw column why Gordon should be allowed to “waste everybody’s time” at argument.
The Court may feel the same way. Solicitor General Paul Clement, who sides with Gordon, asked for 10 minutes of Gordon’s half-hour argument time. The Court gave Clement 15 instead, an unusual move. Top practitioners could not persuade Gordon, who has handled the case since 1999, to step aside.
Ouch. At that point, Gordon should have taken the hint. But then again, he can’t be blamed for wanting to tell his grandkids that he once argued before the SCOTUS.
[A spokeswoman for Gordon] acknowledges that he “has never been inside the [Supreme Court] building,” but adds that he did buy a suit for the occasion “from the famous French designer Jacques Penney.”
Probably not, ’cause that’s Westlaw. H. Donald Wilson, who passed away earlier this month, was the founder of Lexis-Nexis. Fittingly enough for a man responsible for placing thousands of lawyers in front of their computer screens, for thousands of hours a year, Wilson died in front of his computer.
An interesting tidbit from the New York Times obituary:
A turning point for the acceptance of Lexis came in the early 1970s, when Mr. Wilson arranged for a skeptical audience at the Supreme Court to use the new system. The Lexis system found more cases than the court clerks found by using manual research methods.
We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at firstname.lastname@example.org in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
In a land that is right here and in a time that is right now, a technology has arisen so powerful that it can replace basic human document review. Is it time to bow down before our new robot overlords?
First, here’s a little story about me: my life in the legal world began as a paralegal. My first case was a GIANT patent infringement case that was already six years old and had involved as many as five companies, multiple US courts, the ITC and an international standards committee. I knew nothing about any of this.
On my first day, my supervisor (a paralegal with at least eight other cases driving her crazy) sat me down in front of a Concordance database with a 100,000+ patents and patent file histories. “Code these,” she said. I learned that “coding”, for the purposes of this exercise, meant manually typing the inventor’s name, the title of the patent, the assignee, the file date, and other objective data for each document. I worked on that project – and only that project – for at least the first six months of my job. After a week or so, time began to blur.
What I know, in retrospect and with absolutely certainty, is that as time began to blur, so did my judgment. So did my attention to detail. If you could tell me that I did not make at least one mistake a day – one inconsistent spelling, one reversed day and month, one incorrectly spaced title – I frankly would need to see your evidence. I would not believe it. The human mind is trainable but it is not a machine.
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