In-house legal jobs are growing in prestige. As our very own Mark Herrmann recently noted, in-house lawyers were once viewed as “the folks who couldn’t succeed at real jobs,” namely, jobs at firms. But that’s no longer true today, Herrmann argued, citing the trend of Biglaw partners leaving their firms for gigs as corporate counsel.
What is behind the growing allure of in-house jobs? Sure, the work is interesting and exciting, and yes, bossing around outside counsel is fun. But improving pay packages also play a role. As you can see from the rankings of America’s best-paid general counsel, GCs at top companies can take home millions.
And those rankings, by Corporate Counsel, focus on cash compensation. In-house lawyers can make many multiples of their cash comp through stock.
Take Vijaya Gadde, Twitter’s general counsel. She became GC less than a year ago, but she already owns tens of millions in TWTR shares, as revealed in recent reporting about the end of Twitter’s IPO lockup period….
This Lawyerly Lair is on a pleasant, tree-lined block in Chelsea (click to enlarge).
No, we’re not talking about “law clerk” as in judge’s aide. It’s hard to afford a seven-figure home on a public servant’s salary. We’re talking about “law clerk” as in someone who’s working at a law firm, essentially as an associate, but is not yet an admitted attorney in the jurisdiction.
This “law clerk” and his partner, also a law school graduate, just picked up a spacious Manhattan co-op for a little under $1.7 million. Their housing hunt was chronicled in the pages of the New York Times. Let’s read more about them, and check out the place they finally chose….
Sorry, hunters of Supreme Court clerkships. We’re pretty sure that the justices are done hiring for October Term 2014. After Monday’s hiring update, we received a slew of new tips, almost filing up the OT 2014 roster. It’s time to start turning your hopes towards October Term 2015.
As we’ve mentioned before, we devote extra attention to the last clerks whose hirings we hear about. It’s the SCOTUS clerk version of the NFL draft’s Mr. Irrelevant.
So who are we missing? Let’s look at the updated list….
The return of the Supreme Court to the headlines, with its ruling today in a big legislative prayer case, reminded me: it has been several months since our last update on Supreme Court clerk hiring.
So let’s plunge right in. As you’ll see in the list below, there aren’t many openings left. In fact, it’s quite possible that the justices are done hiring and we just don’t have all the future clerks’ names yet.
Also after the jump, some bonus SCOTUS clerkship coverage: a list of the top feeder judges for the past five Terms….
We hate to break it to you, but perpetual bachelor George Clooney is reportedly off the market. We all knew this day would eventually come, but that didn’t stop us from hoping against all hope that it wouldn’t. Clooney’s last love interest was a former professional wrestler, but this time around, he had the good sense to pick a woman who has both beauty and brains. His fiancée is a lawyer, and it’s much harder for us to pray for a marriage measured in Kardashians when you find out about some of her clients and accomplishments.
The lucky lady Clooney popped the question to is the “breathtakingly beautiful and formidably successful” Amal Alamuddin. Let’s find out some more information about her…
Aasif Mandvi accepting his Justice in Action Award last night at the AALDEF 40th anniversary celebration.
Last night, I had the privilege and pleasure of attending the 40th anniversary celebration of the Asian American Legal Defense and Education Fund (AALDEF). Forty years is a remarkable milestone, so everyone was in a celebratory spirit. Here’s my account of the evening, which also honored several leaders within the Asian-American community….
At last night’s LeGaL dinner: Alex Levy (a 3L at NYU), Mary Bonauto of Gay & Lesbian Advocates & Defenders (GLAD), and David Lat. (Photo by Jeff Trachtman.)
Last night, I had the great pleasure of attending the LeGaL Foundation Annual Dinner, which took place at Capitale here in New York. The mood was festive — which wasn’t surprising, given the successes of both LeGaL and the broader LGBT rights movement over the past year.
Here’s my account of the evening, a celebration of the Foundation’s 30th anniversary and an opportunity to honor some pioneers of the gay rights movement….
As any practicing lawyer learns within about a week of beginning her career, the concept of the work/life balance is sort of a fiction. Practically speaking, there simply aren’t enough hours in the day to achieve any sort of actual, equal balance between your life and your work. Think about it: assuming you spend at least ten hours at work each day and seven hours asleep, this leaves only seven waking hours to accomplish everything else in your life — feeding yourself, commuting, spending time with your family, brushing your teeth, exercising, reading Above the Law, and pursuing other hobbies, like making crayon drawings for your office.
Although seven hours sounds like a lot of time, we all know that it goes by way too fast. At least for me, after I have taken care of my major life necessities, I only have about an hour left over at the end of my day to enjoy my “life.” Sadly, this time is usually spent complaining about the fact that I have to go to work the next day and do it all over again — is there no rest for the weary???
Your Above the Law editors: Joe Patrice, Elie Mystal, Staci Zaretsky, and David Lat
February is supposed to be full of hearts and love and chocolate candy, but this year, it was mostly filled with snow — and that’s why our Valentine’s Day party, which was originally supposed to be on February 13, had to be rescheduled.
That said, thanks a lot to everyone who was willing to brave the cold and came out on Wednesday night to attend the Above the Law Valentine’s Day party. This year’s festivities were extremely well-attended (the bar was packed), and the entire crowd enjoyed all of the specialty drinks that were served. Thanks to our sponsor, the Business Law Center on WestlawNext™ from Thomson Reuters, for making such a great evening possible.
If you weren’t able to make it out, don’t worry — we’ve got you covered. Here are some of the pictures from a night that was full of fun and fabulosity…
OmniVere’s delivery of end-to-end technology & data consulting to position the company as a true differentiator in the global legal technology and compliance space.
CHICAGO, IL, September 29, 2014 – OmniVere today announced the creation of the company’s technology & data consulting arm and the addition of several industry-renown experts, including the former co-chairs of Berkeley Research Group’s (BRG’s) Technology Services practice, Liam Ferguson, Rich Finkelman and Courtney Fletcher.
This new consulting practice will provide and expand existing OmniVere eDiscovery consulting services to corporations, law firms and government agencies with a special focus on compliance, information governance and eDiscovery. This addition of this top talent now positions OmniVere as a true industry leader in the technology and data consulting space offering best-in-class end-to-end services.
Ferguson, Finkelman & Fletcher are nationally recognized experts and seasoned veterans in the areas of overall technology, electronic discovery, and structured data. At OmniVere, the team will be focused on all global consulting activities with respect to legal compliance, complex data analytics, business intelligence design and analysis, and electronic discovery service offerings.
The Trust Women conference is an influential gathering that brings together global corporations, lawyers and pioneers in the field of women’s rights. Unlike many other events, Trust Women delegates take action and forge tangible commitments to empower women to know and defend their rights.
This year, the Trust Women conference will take place 18-19 November in London. From women’s economic empowerment to slavery in the supply chain and child labour, this year’s agenda is strong and powerful. Speakers include Professor Muhammad Yunus, Nobel Laureate and founder of the Grameen Bank; Phumzile Mlambo-Ngcuka, Executive Director of UN Women; Mary Ellen Iskenderian, President and CEO of Women’s World Banking and many other influential leaders. Find out more about Trust Women here.