The most recent rankings of America’s best-paid general counsel reflected healthy increases in GC compensation. But that data related to the highest-paid legal officers at the nation’s largest companies. What about rank-and-file in-house lawyers?
We’ve mentioned some anecdotal evidence of in-house counsel doing very well for themselves financially. But some of our in-house readers, as well as one of our columnists, questioned whether that data was representative of in-house lawyers generally.
Now we’re happy to bring you a more systematic and all-encompassing look at in-house compensation, going beyond just general counsel, courtesy of a new survey. There’s good news and bad news….
* Even at the top of the in-house food chain, women lawyers are still paid less than their male counterparts. But hey, at least they’re not being forced to cry poverty like their in-house staff attorney brethren. [Corporate Counsel]
* Neil Barofsky, the former King of TARP in the United States, is making the move to Jenner & Block, specifically because as opposed to all other firms, “Jenner took the side of really getting to the truth of the matter.” [Reuters]
* Luxury fashion is fun: four Biglaw firms, including Cleary Gottlieb, Cravath, Torys, and Proskauer Rose, all took Tim Gunn’s mantra to heart to make it work for the $6 billion sale of Neiman Marcus. [Am Law Daily (sub. req.)]
* If you want to try some lawyer, we hear that they taste great when poached this time of year. Speaking of which, Troutman Sanders just reeled in three attorneys from Hunton & Williams. [Richmond BizSense]
* Are you ready for some tax law?! The NFL and other professional sports leagues might lose their nonprofit status if new tax reform legislation makes it through the House and the Senate. [Businessweek]
We last spoke about the best law firms for women (in terms of power and pay) in June, and back then, we noted that every few months, a new list or ranking system appears. We were right, because about two months have passed, and now there’s another “best of” list for female attorneys to pore over.
Today, Working Mother and Flex-Time Lawyers released their annual list of the 50 Best Law Firms for Women. These law firms are considered pioneers in the field when it comes to “attracting, retaining and promoting women lawyers.” These law firms stand out as “family friendly” workplaces, while at the same time ensuring that women shine in their equity partnership ranks.
These law firms are places you might want to work for. Which ones made this year’s cut?
Women get into bars and clubs for free. Men don’t. This isn’t rocket science. It’s just a way of life.
But one lawyer — one with a particularly prestigious past — has been filing lawsuits alleging gender discrimination and human rights violations, all for want of entry-fee parity at bars and clubs, for at least the last decade. He loses every single time, but that’s not going to stop him from waging his war against feminist club policies any time soon.
And now that he’s a little bit older and a whole lot grayer, he’s added age discrimination to the docket. You can’t teach an old dog new tricks — and you certainly can’t stop an old dog from comparing his trials and tribulations as the resident geriatric dude in the club to rampant racism in the Deep South before desegregation…
We’ve just entered August, so you know what that means: the start of on-campus interviewing season. If you’re a law student researching firms or a lawyer involved in your firm’s recruiting efforts, check out Above the Law’s law firm directory, where law firms get letter grades in different categories. Law firms might look alike on the surface, but there are very real differences between them, as our grading system reflects.
For example, law firms diverge when it comes to diversity. While every firm gives lip service to diversity, some firms have the goods to back up their claims, while others do not.
Let’s check out the latest diversity rankings, from two different news outlets, to see which firms are truly diverse….
For all of the unnecessary pomp and circumstance associated with the British monarchy, we sure are obsessed with it in America. Perhaps it’s because their gorgeous young royals are great at generating headlines, whether reputable or repugnant. First, there was the royal wedding of Prince William and Catherine Middleton, an eleventy-billion-hour extravaganza of elegance that our eyes were glued to for what seemed like all eternity. The family quickly dropped nobility’s veil, and just one year later, Prince Harry’s crown jewels and Duchess Catherine’s breasts were put on display in gossip rags for all the world to see. After recovering from tabloid infamy, we are now eagerly awaiting the birth of the royal baby, which is a very, very big deal.
The young royal couple does not yet know the sex of their child, and Duchess Catherine, who wanted to have a natural birth, has been in labor for more than 11 hours. At this point, she’s likely desperate to greet His or Her Royal Highness. Typically, British royalty would be crossing their fingers for a male heir to the throne, but thanks to the Succession to the Crown Act, all of that is going to change…
* The Zimmerman verdict allows us to sit back and reflect on how bad Atticus Finch really was at his job. [Criminal Defense Blog]
* In case you’d forgotten about the shenanigans at Louisville’s Brandeis School of Law, here’s your update: a former employee has been charged for promising students more scholarships than the school had. Rick Pitino needs to show the law school how to work within scholarship limits. [Courier-Journal]
Whether an employee who has not engaged in flirtatious conduct may be lawfully terminated simply because the boss views the employee as an irresistible attraction.
–No one. The Iowa Supreme Court revisited its December opinion in the case of Melissa Nelson’s firing for being too attractive and removed the above language. The new opinion limits the holding to the narrow facts of the case in order to prevent gender-based firings masquerading as “irresistible attraction” claims.
* Former Patriots TE Aaron Hernandez arrested. In other news, that Patriots offense was killing people last year. [NBC News]
* Elie appeared on HuffPo Live to explain how today’s rulings changed his marriage. [Huffington Post Live]
* For all the role-playing game nerds out there, a guide to the SCOTUS alignments. I’m not sold that Scalia isn’t “Lawful Good” and Alito “Chaotic Good,” but the point remains. [It's a Great Life If You Don't Weaken]
* Aaron Zelinsky has a solution for the Supreme Court’s decision to strike down the VRA formula — force every jurisdiction to adhere to Section 5 preclearance. That would make way too much sense. [Concurring Opinions]
* This judge makes important observations about rodent control. Or at least some clerk slipped footnote 5 in because Caddyshack deserves more legal citation. Unfortunately it does not conclude with, “By Order of this Court, We’re All Gonna Get Laid.” Opinion below…
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.