We will have a new winner in this year’s Coolest Law Firm contest. When Above the Law first ran this bracket back in 2008, you picked Latham & Watkins as the victor. This time around, they got… Lathamed, in the first round. Cravath crushed Latham by a 60% – 40% margin. That was the second-highest margin of victory among all of the first-round match-ups.
As we move into the Elite Eight, some of our readers are asking us to give a more clear definition of what is “cool.” We respectfully decline to do so. It’s up to you to tell us what makes a top law firm cool. Is it job security, making maximum bank, prestige points? It’s really up to you. Personally I think the coolest law firm would be the one most likely to represent bad-ass clients on the correct side of moral issues, but… eeek, that’s not really what Biglaw is all about.
So bring your own prejudices to the table when you vote in the next round of the Coolest Law Firm Tournament. Use whatever reasoning makes sense to you. Just don’t go with chalk because you can’t be bothered to actually form an opinion — don’t be boring, son….
* The S.E.C. is being attacked again about its ethical standards. It’s not like these problems started with Cam Newton. I mean, the S.E… what’s that? The Securities and Exchange Commission? What? No, I don’t even know what that is. What does that have to do with football? [New York Times]
* Horrifying syphilis experiments keep coming back to haunt the United States government. That’s so syphilis. [Charlotte Observer]
* Illinois Governor Pat Quinn is expected to sign legislation today ending capital punishment. I couldn’t think of a joke here, but this cat thinks it’s a frog. [Chicago Tribune]
* A judge helped cut an attorney out of his father’s will and claimed he was still able to act impartially on a case the attorney was handling. That sh*t-eating grin on the judge’s face every time the attorney spoke? Oh, that was just a joke he remembered. [WSJ Law Blog]
This shouldn’t come as a shock: Skadden is paying spring bonuses. And it’s doing so on the top-of-the-market Cravath scale. Yay!
According to a memorandum sent to the Skadden Arps partnership by email this morning — before 8 a.m., so prior to the Davis Polk announcement — the firm was originally planning to match market for the most junior ($2,500) and most senior ($20,000) associate classes. As for mid-level associates, it was going to split the difference between the Cravath scale and the Sullivan & Cromwell scale: “We are planning a mid-level associate bonus range which is somewhat higher than the general pack, but not the highest levels currently announced.”
But then came the Davis Polk announcement, at around 10:30 a.m., in which DPW went with the Cravath scale. And now Skadden has too.
Did the Davis decision change the thinking at Four Times Square? Let’s look at the memos….
In today’s New York Times, there’s an interesting profile of Senator Kirsten Gillibrand, who replaced Senatrix Hillary Clinton in the U.S. Senate. To be honest, despite my weakness for high-powered women with gold-plated credentials — Gillibrand’s résumé features Dartmouth, UCLA Law, a Second Circuit clerkship, Davis Polk, and Boies Schiller (where she was a partner) — I’m not a huge Gillibrand fan.
If you’ve ever heard Gillibrand speak, you can understand why her congressional peers nicknamed her Tracy Flick. She sounds like a super-perky high school president, not a United States Senator. She has no gravitas. She occupies the Senate seat once held by Secretary of State Hillary Clinton, but Kirsten Gillibrand is not fit to kneel down and remove Hillary’s kitten heels.
Anyway, enough ranting. The NYT profile of Gillibrand, despite its occasionally fawning tone, is worth reading, due to some fun tidbits about Gilliband’s stint as an associate at Davis Polk….
This may be disappointing, but it honestly shouldn’t be shocking. Davis Polk may be a market leader when it comes to beautiful offices or beautiful associates, but historically it has been cheap hasn’t led the way on associate compensation.
Despite the lack of surprise, early reactions to the DPW bonus news seem… unfavorable. It’s not normal to see a Davis Polk lawyer use his or her temper, but some associates are clearly upset.
‘Tis the season — for new partner elections at large law firms. Although there are some exceptions, most firms pick and announce their new partner classes around November and December, with partnership effective on January 1 of the following year.
These partnership announcements sometimes contain interesting information, if you read between the lines. As we’ve previously observed, “Partnership decisions often shed light on the current state of a firm, its prospects for the future, and its priorities. How many new partners did a firm make? How does the number of new partners this year compare to past years? In which practice areas did it make new partners? How many of the new partners are women or minorities?”
After the jump, we look at new partner news from ten top firms — perhaps you know some of these law firm superstars (and soon-to-be millionaires)? — and we invite you to discuss the new partners at your firm….
There’s also perhaps the most painfully stylish wedding we’ve ever come across. The bride is the daughter of modernist architect Richard Meier, who keeps his homes “very relaxed and casual but everything has to be perfect” — “[e]ven the Snapple bottles are lined up perfectly in the pantry.” (Oh . . . so not really relaxed and casual at all.) Watch the slideshow of the uber-posh wedding, and take note of those origami flowers; you’ll be seeing poorly executed versions in weddings near you for the next few years.
Now, our legal eagle couples. Here are the finalists:
I am getting married in December so I would love to work at a family-friendly firm. Like Elie, I’m a raging liberal, and I heard Paul Weiss seems to fit that bill. On the other hand, I want to be at a firm with plenty of lovely women. I am bi and my soon-to-be hubby doesn’t mind if I taste a woman’s sweet nectar. Plus I simply cannot live without a pair of supple breasts in my life. (My man is ripped so no manboobs for me.) I met many cute associates at Davis Polk too and I remember an ATL article that mentions the great number of hotties at DPW.
So many choices! Can you help me out?
– Paradox of Choice
Dear Paradox of Choice,
Nice try, but this question’s a flame because nobody uses the term “sweet nectar” unless they’re (1) referring to the drink Odysseus used to get the Cyclops drunk and poke his eye out, or (2) a copywriter at Cosmo. Nevertheless, we’ll answer it because it’s slim pickings around here this week, and it’s better than another snooze-alert “should I quit law school?” question. Of course you should quit law school. Don’t be ridiculous.
Now this is a list that matters. Corporate Counsel (an American Lawyer publication) has complied its annual list of the firms that Fortune 100 companies use as outside counsel. This is a list of which firms are getting work from clients with deep pockets. If you care at all about the business end of the law, then you care about this list.
And while the firms that are tapped for this kind of work won’t surprise anybody, it’s always good to take a look at who clients want to be with.
For general corporate law, these are the firms that were mentioned most by clients reporting to the magazine:
Watch to find out what some of our subscribers received in their May box!
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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 email@example.com 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.
The last time I flapped my wings your way, I tried to make at least enough noise about your mobile phone to make you more than a little bit uncomfortable. I hope I did. If enough of us become anxious enough about the known and unknown unknowns and knowns in our mobile phones, then we can start making wise decisions about how to manage that information and its resultant investigations.
Today, I’d like to put a finer point on the last installment’s topic by asking a question that seemed to catch most attendees off-guard at a conference panel that I moderated last week: is there discoverable personal information in a mobile app? Our panelists’ answer was a uniform “yes” with one stating that, if he had to choose only one type of data that he could discover from a mobile phone, he’d choose app data. Why? Because there’s simply so much of it and because almost all of it is objective – not just user-created like an email – but machine-tracked like GPS, usage duration, log in and log out times, browsed web addresses, browsed actual addresses. Also, most of us seem to have the idea that data doesn’t actually “stick” to our mobile devices the way it “sticks” to our hard drives. Maybe there’s a disconnect based on the fact that our phones are mobile so we assume the data is mobile to?
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