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Dickstein Shapiro

Nationwide Layoff Watch: Dickstein Shapiro Downsizes

Dickstein Shaprio still basically relevant logo.JPGGive Dickstein Shapiro credit. When the firm lays people off, it doesn’t hide behind any performance review rhetoric. When Dickstein laid people off back in January, firm chairman Michael Nannes had this to say:

These are purely economic decisions — this is a group of talented attorneys who have made valued contributions to our Firm.

Dickstein is going back to the layoff well today. Once again, Nannes has some frank language:

It is with heartfelt regret that I announce today that we are readjusting the size of our workforce to better align the firm with the current economic climate and emerging legal services model.

Well then. Business model layoffs.

Numbers and the full memo after the jump.

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Is It Time to Revamp the NALP Rules?
(And: Another firm abandons the 45-day rule.)

NALP police NALP cops rules guidelines.jpg“There are no NALP police.”
James G. Leipold, Executive Director, NALP

Oh, but wouldn’t it be fun if there were? Let’s use our imaginations….

As the Bad Boys theme song plays in the background, a bespectacled Jim Leipold, accompanied by a gaggle of burly NALP goons, breaks down the door at 111 Huntington Avenue — the Boston offices of Edwards Angell Palmer & Dodge.

Leipold and his goons find the recruiting department like heat-seeking missiles, where they confront Katherine Kelly, EAPD’s recruiting director. The goons grab Kelly and turn her back towards Leipold.

Leipold handcuffs Kelly. “You are being arrested for your firm’s violation of Part V.C.1 of the NALP Principles and Standards,” he tells her. “You have the right to remain silent. Anything you say can and will be used against you in a court of law. You have the right to speak to the managing partner of your law firm, as well as the right to blame the managing partner for your firm’s breach of the NALP rules. But don’t be surprised if you get hit with a stealth layoff after doing so.”

Bad firms, bad firms, whatcha gonna do? Whatcha gonna do when NALP comes for you?

NALP, the Association for Legal Career Professionals (fka the National Association for Law Placement), promulgates “guidelines that offer an ethical framework for all participants in law student recruiting.” In past years, these guidelines were generally followed by law firms, schools, and students. This year, however, with the economy in the tank, things are… different.

Over the summer, uber-prestigious Sullivan & Cromwell tried to ditch the requirement that law firms give law students 45 days to weigh offers of summer employment. S&C ultimately backed down. But as reported in these pages earlier today, Edwards Angell has told law students receiving offers that they have three weeks to accept, “or until the summer class fills up” — whichever is earlier.

And EAPD isn’t the only firm that has decided to make offers with shorter fuses. Another firm is giving offerees two weeks to make up their minds.

More information, plus reflections on the NALP rules, after the jump.

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Fall Recruiting Open Thread: Vault 81 - 90 (2010)

comparing.jpgWe are so close to the end of the Vault open threads that I’m starting to get my second wind. I don’t know much about the firms on this part of the list, but you guys do. You know a lot. You’re so smart, you probably don’t even need this quick recap of the next group of firms. But I’ll go through it anyway:

81. Katten Muchin Rosenman
82. McGuireWoods
83. Baker & Hostetler
84. Dickstein Shapiro
85. Venable
86. Locke Lord Bissell & Liddell
87. Bracewell & Giuliani
88. Dorsey & Whitney
89. Finnegan Henderson Farabow Garrett & Dunner
90. Hughes Hubbard & Reed

Locke Lord is in the house. The firm moved up ten spots from last year.

Other movers and shakers after the jump.

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Updated Salary Freeze Round-up: Even More Firms on Ice

pay freeze salary freeze pay cut law firm.jpgAs we noted in yesterday’s Morning Docket, even the New York Times has taken note of the salary freeze trend at law firms. The Times reached out to Above The Law’s own David Lat for the story:

Although many associates are angry about the freezes, others are relieved, said David Lat, founding editor of AboveTheLaw.com, a blog about law firms and the profession.

“There is this sense that firms didn’t act prudently during the boom and now they are getting religion, and that it’s better late than never,” Mr. Lat said. “Many associates we have spoken to think the freeze probably saved jobs.”

At the beginning of the month, we did a round-up of firms that have frozen 2009 salary rates at 2008 levels. That list was 16 firms long. Since then, quite a few other firms have announced freezes. Due to frequent requests, we’re updating the round-up list since the number of firms with freezes (that we know of) has more than doubled, to 33 32. Check out the as-comprehensive-as-we-can-make-it list, after the jump.

Recently announced salary freezes include “solid ice freezes” at Blank Rome and Townsend and Townsend and Crew; and “Slurpee freezes” at Bingham McCutchen, Fish & Richardson, and Texan firm Andrews Kurth.

Memorandums, as well as a new list of all firms with “solid ice” and “Slurpee” freezes, after the jump.

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Nationwide Layoff Watch: Dickstein Shapiro

Dickstein Shaprio still basically relevant logo.JPGDickstein Shapiro sent a memo around the firm yesterday that was the bearer of much bad news. Not only did it announce a salary freeze for 2009, it officially announced layoffs that were conducted on Tuesday. Full e-mail after the jump, but here’s an excerpt:

First, we have made a limited number of reductions in our associate/counsel ranks. Those affected by this decision were informed yesterday afternoon. These are purely economic decisions — this is a group of talented attorneys who have made valued contributions to our Firm.

Spokespeople at Dickstein have not yet confirmed the number laid off, but sources say it was 10 associates and counsel, all in the D.C. office. [Update:The firm now tells us the ten came from both the D.C. and New York offices.] One source says those laid off were told it was “economic-based” — as opposed to layoffs in 2008 that were ostensibly performance-based — but that the firm did take a look at their hours. The corporate group was hardest hit.

One source says Dickstein associates were “pissed.” The email went around at noon yesterday and “glibly” announced layoffs and the salary freeze. Associates would have preferred a firm-wide meeting to announce the news. They were also annoyed to get the news of the freeze 36 hours before their first 2009 paycheck was to arrive (at 12:01 a.m. tonight).

Additional news about Dickstein is pouring into our inbox. One tipster reports overhearing a partner voice concern about Bernard Madoff paying his legal fees and the firm’s ability to take on new associates in 2009.

More after the jump.

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ATL Salary Freeze Round-up: The Firms on Ice

pay freeze salary freeze pay cut law firm.jpgThe new year is shaping up to be a cold one. As we noted in our 2008 Year in Review series, one of the biggest stories heading into 2009 has been that of the salary freeze. Rather than instituting lock-step raises for associates entering a new class year, a number of firms have informed associates that their salaries will remain at 2008 levels.

There have been two types of freezes: the “Solid Ice freeze”—with salaries frozen through all of 2009—and the “Slurpee freeze”—where firms are sticking with 2008 levels for now, but promise to revisit the decision later in the year.

Many an ATL reader has requested a round-up, and we aim to please. So find your pleasure, after the jump. Some of the firms have been reported on before, and some are new.

If you know of other frozen firms, send us an e-mail at tips@abovethelaw.com with the subject, “Salary Freeze: FIRM NAME.” Also, if your firm has raised salaries as expected, feel free to send us the news, with the subject “Salary Raise: FIRM NAME.” While freezes are news, raises as expected aren’t, so we will not be covering firm by firm, but we may do a round-up.

Find the list of the sixteen firms that have frozen, after the jump.

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Musical Chairs: Gilbert Randolph To Add Jerry Oshinsky
Dickstein Shapiro, ‘Morin & Oshinsky’ To Change Stationery

gilbert randolph soon to be old logo.JPGGilbert Randolph has added Jerry Oshinsky to their partnership ranks. The firm will change its name to “Gilbert Oshinsky” to highlight this new acquisition. Firm chairman Scott Gilbert announced the new hire via a firm-wide email:

I have a number of exciting announcements.

First, I am extraordinarily pleased to tell you that Jerry Oshinsky will be joining the firm, likely as early as next week. A number of us were Jerry’s colleagues at Dickstein Shapiro, Morin & Oshinsky; indeed, it was the prospect of combining our respective practices that ultimately led me to leave Covington & Burling after 18 years and join Dickstein in the first place. Jerry is simply THE preeminent litigator and advisor in insurance law, and we certainly now can say that there rarely has been a coverage decision or settlement of any significance in the United States that did not directly involve Jerry or other of our firm lawyers. Of course, as anyone who knows Jerry can readily attest, he also is a tremendous human being, in every sense of the word. As his friend of 30 years and an ardent admirer, I just could not be more pleased and excited that Jerry has chosen to begin this new, and yet to be the most satisfying and successful, chapter of his storied career with us.

Second, as soon as Jerry is able to join the partnership, the firm will be changing its name to Gilbert Oshinsky LLP. This name best reflects our new, or in some cases reestablished, relationship with Jerry, as well as the merger of our two substantial practices. And yes, on several levels, we henceforth will be known as the GO to firm.

“GO to firm.” Nice touch.

The email went on to say that GO would be opening a Los Angeles office and that Oshinsky would be operating out of that new facility.

But the email does not mention Jerry C. Randolph, co-founder of the firm. Is there a limitation on the number of “Jerrys” allowed as name partners? Does he sleep with the fishes? Were they so excited about the “GO to” stuff that Randolph’s name became a marketing causality?

Dickstein Shapiro responds (sort of) after the jump.

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Fall Recruiting Open Thread: Vault 81-90 (2009)

comparing.jpgOur Vault 100 series is winding down. We hope that the insiders have enjoyed the opportunity to brag (or to vent) about their firms. And that the curious have appreciated insights into life at various firms in the top 100.

Here is the next bunch up for discussion (with their prestige scores in parentheses):

81. Crowell & Moring LLP (4.763)
82. Katten Muchin Rosenman LLP (4.754)
83. Stroock & Stroock & Lavan LLP (4.735)
84. Arent Fox PLLC (4.726)
85. McGuireWoods LLP (4.697)
86. Venable LLP (4.676)
87. Dorsey & Whitney LLP (4.575)
88. Dickstein Shapiro LLP (4.554)
89. Baker & Hostetler (4.531)
90. Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P (4.503)

Are the following statements true or false?

  • Venable attorneys like bocce ball.
  • Katten attorneys need Weight Watchers.
  • Having your tupperware washed denotes a “notable perk.”
  • Getting to leave early and have the firm respect your personal time is the best perk of all.
  • Okay, you know the drill.

    Earlier: Vault 100 Open Threads - 2009

    Fall Recruiting Open Thread: Vault 96-100

    We hope you enjoyed the Labor Day holiday and long weekend. Alas, now it’s back to work — for you and for us.

    We’re still digging ourselves out from an email avalanche, as well as trying to figure out what’s going in the world (and what we should write about today). This may take us a little while, so please be patient.

    In the meantime, let’s conclude our series of open threads on Vault 100 law firms. Here are the firms to talk about today:

    96. Dickstein Shapiro LLP (4.595)
    97. Fenwick & West LLP (4.545)
    98. Kilpatrick Stockton LLP (4.538)
    99. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC (4.496)
    100. Manatt, Phelps & Phillips, LLP (4.459)

    Please discuss these firms in the comments. Thanks!

    The Vault Top 100 Law Firms [Vault]

    Earlier: Vault 1-5; Vault 6-10; Vault 11-15; Vault 16-20; Vault 21-25; Vault 26-30; Vault 31-35; Vault 36-40; Vault 41-45; Vault 46-50; Vault 51-55; Vault 56-60; Vault 61-65; Vault 66-70; Vault 71-75; Vault 76-80; Vault 81-85; Vault 86-90; Vault 91-95

    Nationwide Pay Raise: Dickstein Shapiro

    Dickstein Shapiro LLP Abovethelaw Above the Law associate base salaries starting salary blog.jpgDickstein Shapiro has raised to the $160K scale, for its offices in Los Angeles and Washington, DC. Those offices are now on the same salary schedule as the firm’s New York office (previously posted here).

    The email announcing the pay raise, from firm chairman Michael Nannes, appears after the jump. It came out some time ago (the middle of last month), but we didn’t receive it until this week.

    You can check out the Dickstein Shapiro email, and discuss salary-related matters more generally, after the jump.

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    Skaddenfreude: Dickstein Shapiro, Friday Open Thread

    100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGDickstein Shapiro can be removed from the LIST OF SHAME. Their memo appears after the jump.

    And here’s an open thread, in which you can discuss the latest associate compensation developments. It’s a perfect space for speculating, as some of you are already doing, about whether today might be the day for some Texas law firm announcements.

    Please continue to send us announcements by email. As we’ve previously stated, we keep the identities of our tipster confidential (unless attribution is requested). Thanks!

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    Musical Chairs: 01.02.07

    musical chairs 2 Above the Law legal blog above the law legal tabloid above the law legal gossip site.GIFA few of the more prominent moves within this noble profession:

    From government to private sector:

    * Former Interior Secretary Gale Norton is joining Royal Dutch Shell, as general counsel for its “unconventional resources division” (e.g., extracting oil from “oil shale” and “extra heavy oil” — don’t ask us, we don’t know).

    (A WSJ Law Blog commenter sniffs: “One would think that she could have secured a more lucrative and high profile job, given her resume.” We agree somewhat on the “high profile” part, but don’t know enough about the filthy lucre associated with this gig.)

    * Former assistant U.S. attorney Mauro Wolfe, with whom we used to work, to Dickstein Shapiro. He will be a partner in the firm’s securities practice, in the New York office.

    * Mark Paoletta and Andrew Snowdon, to the D.C. office of Dickstein Shapiro (as partner and of counsel, respectively). Paoletta previously served as served as Chief Counsel for Oversight and Investigations on the House Committee on Energy and Commerce; Snowdon previously served as a lawyer on the Oversight and Investigations Subcommittee. They join the government law & strategy practice.

    Within government:

    * The United States Attorney for Connecticut, Kevin O’Connor, has been named associate deputy attorney general at the Justice Department. His DOJ work will focus on violent crime, gangs, and guns. O’Connor plans to retain his post as U.S. Attorney for at least six months.

    Lateral moves:

    * M&A lawyer Michael Aiello, to Weil Gotshal, from Dewey Ballantine (as previously noted).

    * Finance lawyer Philip Haber, to Kirkpatrick & Lockhart Nicholson Graham, from Nixon Peabody.

    New partners:

    * Cadwalader, Wickersham & Taft: Seven new partners. Names here (PDF).

    * LeBoeuf Lamb: Five new partners. Names here.

    * Patterson Belknap: White-collar defense lawyer Daniel Ruzumna, promoted from counsel to partner. Ruzumna served for six years as an AUSA in the legendary Southern District of New York. His final post in the S.D.N.Y. was Acting Chief of the Major Crimes Unit.

    The voluminous links are collected after the jump.

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