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Gibson Dunn

Accountants Help Keep Lawyers in Business

Thumbnail image for DTa.jpgIf at first you don’t succeed, try, try again. From our sister site, Going Concern:

[A] judge in Seattle has allowed a revised lawsuit to proceed that lists “Washington Mutual officers and directors, underwriters, and the auditing firm Deloitte & Touche” as defendants.

The revised lawsuit was trimmed down to a “concise” 267 pages from the original 388 that the judge described as “verbose” and “disorganized”.

“Verbose” and “disorganized” would also describe many lawyers we know. On the defense side, though, it’s an all-star cast. From Am Law Litigation Daily:

The lineup for the defendants includes Simpson Thacher & Bartlett attorneys Barry Ostrager and Rob Pfister for former WaMu officers; Ronald Berenstain of Perkins Coie for former WaMu outside directors; Barry Kaplan of Wilson Sonsini Goodrich & Rosati for former WaMu CEO Kerry Killinger; Peter Wald of Latham & Watkins for Deloitte; and Jonathan Dickey of Gibson Dunn & Crutcher for the underwriters.

Read more about this lawsuit, and comment, over at Going Concern.

Lawsuit Against Deloitte Gets New Life [Going Concern]

Small Law Firm Open Thread: Appellate Law

appellate argument appeals court may it please the court.jpgAlthough we focus on Biglaw in these pages, our recent open threads on small (or at least smaller) law firms, centered around different areas of practice, have been very well-received. So we’ll continue the series. To look at the past threads, click here and scroll down; to suggest a topic to us, please email us (subject line: “Small Law suggestion”).

Today we turn our attention to APPELLATE LAW. This field is near and dear to our heart, since we clerked for a federal appellate judge and focused on appeals during our time in the U.S. Attorney’s Office. If you enjoy research, writing and arguing more than document review and discovery hell, and if you are as lazy as we are more of a “law” person than a “facts” person, then appellate work may be for you.

Unfortunately, there aren’t that many appellate boutiques out there. It’s not easy to build a practice around 100 percent appeals work. Many top appellate practitioners can be found in the Washington offices of large firms, where they can be roped into law-heavy work in the trial courts (e.g., summary judgment motions). Biglaw shops with leading appellate and Supreme Court practices include Gibson Dunn, Mayer Brown, Jones Day, Sidley Austin, and WilmerHale. Check out the Chambers and Partners list of top appellate shops for additional examples.

UPDATE: One appellate practitioner pointed out to us that you can do appellate work for a large firm outside D.C. as well (especially in this age of telecommuting). For example, Jones Day and Mayer Brown have sizable presences in New York (and other cities).

There are opportunities to do appellate work outside the big firm environment too. Read more, after the jump.

Continue reading "Small Law Firm Open Thread: Appellate Law"

Fall Recruiting Open Thread: Vault 11-15 (2010)

comparing.jpgEven though we are moving out of the Vault top ten, we are still firmly in the land of law firms that everybody recognizes.

To refresh your memory, here is the next batch of firms on the Vault list:

11. Williams & Connolly
12. Debevoise & Plimpton
13. Paul Weiss
14. Gibson Dunn
15. Sidley Austin

Williams & Connolly was crowned the safest firm by Above the Law readers in March. And so far, the firm has worn its crown with grace and style. No layoffs to report at this small dynamo. It’s something to consider during this recruiting season.

After the jump, the Paul Weiss / Gibson Dunn troll fight starts in 3 … 2 … 1 …

Continue reading "Fall Recruiting Open Thread: Vault 11-15 (2010)"

Gibson Dunn Associate Turned Reality TV Star Wants To Have Her Cake and Eat It Too

Katherine Barclay Katherine Smith Gibson Dunn Kathy Catherine Cathy.jpgWe’ve written about numerous lawyers turned reality TV stars here at ATL. When we’ve done so, we’ve identified them and/or their employers by name. E.g., Jeremy Anderson (Hunton & Williams / The Bachelorette), Charlie Herschel (Weil Gotshal / Survivor), Victor and Tammy Jih (O’Melveny / Quinn Emanuel / Amazing Race), Yul Kwon (McKinsey / Survivor), David Otunga (Sidley / I Love New York), etc.

If you voluntarily appear on a nationally televised reality show, whether as a contestant or a friend or relative of a contestant, it’s a bit ridiculous to complain of privacy violation, isn’t it?

Continue reading "Gibson Dunn Associate Turned Reality TV Star Wants To Have Her Cake and Eat It Too"

Biglaw Associate and Her Househusband Star in New Fox Reality TV Show

House husband stars.jpgThe Fox Reality Channel has launched a rip-off twist on Bravo’s very successful “Real Housewives” series: Househusbands of Hollywood.

From the New York Daily News:

The reality series, premiering Aug. 15 at 9 p.m., features five stay-at-home men who run the house while their wives head to work.

It features former L.A. Dodger Billy Ashley; aspiring actor Danny Barclay; former “A Different World” star Darryl M. Bell, who’s married to “Cosby Show” actress Tempestt Bledsoe; one-time “Gentleman Bandit” star Charlie Mattera, and Grant Reynolds, husband of “Good Day LA” anchor Jillian Reynolds.

The working woman behind househusband and aspiring actor Danny Barclay is a “high-powered Los Angeles attorney.” The New York Times focuses on the Barclays in its write-up of the episode premiere, due to the morning to-do list that Danny Barclay gets from his wife via e-mail every day, and his sad man-cave in the garage:

Fox Reality describes Katherine Barclay as a “high-powered attorney.” A check with the California Bar Association turned up no trace of her; a Fox publicist said Ms. Barclay practices under another name, which she would not provide, citing “client sensitivities and upcoming trials.”

Thanks to tipsters, we’ve managed to do what the Times couldn’t: identify Katherine Barclay. Find out which firm she’s with, and see clips from the first Househusbands episode, after the jump.

Continue reading "Biglaw Associate and Her Househusband Star in New Fox Reality TV Show"

Legal Eagle Wedding Watch 7.5: The Richest Guys in the Room

champagne glasses small.jpgLEWW often hears complaints about the elitism and snobbery of the NYT’s wedding coverage (and, by extension, our coverage of the coverage). “What about all the couples who didn’t meet at Harvard?” critics cry.

In response, we’d like to point you to this Vows column from mid-June. Roughly twice a year, the NYT covers the wedding of what it presumably considers “average Americans,” seeking thereby to demonstrate that its weddings sections isn’t only for privileged Ivy Leaguers and their wealthy parents. This one, for example, features a pregnant bride and at least one electronic monitoring bracelet. Enjoy.

And now, this week’s legal eagle finalist couples (six people, six Harvard degrees, zero ankle bracelets):

1. Katherine Zeisel and Joshua Salzman

2. Maria Gambale and Zachary Taylor

3. Karen Milkosky and Patrick Curran

Check out these couples’ résumés and photos, after the jump.

Continue reading "Legal Eagle Wedding Watch 7.5: The Richest Guys in the Room"

Staff Layoff Watch: Gibson Dunn Lays Off 36 Staff

Gibson Dunn.gifThe economy is continuing to shed legal jobs. Today’s news comes from Gibson Dunn & Crutcher. A GDC spokesperson just furnished Above the Law with this statement:

Due to the challenging market environment that has affected our clients and the demand for legal services, Gibson, Dunn & Crutcher has reduced its staff positions by 36 across the Firm’s nine U.S. offices. While this is a modest reduction in staff relative to many peer firms, it was nonetheless made reluctantly and with great regret. Now, more than ever, however, we must take appropriate steps to serve our clients in the most cost-efficient manner.

As we’ve said many times, legal support staffs continue to feel the brunt of the retraction in the legal market.

This is the latest cost cutting move from Gibson Dunn, which recently scaled back its summer program to ten weeks. Hopefully, it will be the last?

Good luck to the recently displaced staff at GDC.

Earlier: Prior ATL coverage of staff layoffs

Open Thread: Cravath & Co. to Shorter Summers

summer associate program ATL Above the Law blog.jpgDaylight savings is on. The weather keeps flirting with the idea of getting warmer. And area stores are starting to put miniskirts on display in their front windows. You know what that means: Summer’s a-coming. Law students bound for BigLaw summer associate gigs may already be packing their bags. Except it looks like many will be able to pack less clothing, because this year’s summer gigs are going to be a little shorter.

Firms won’t comment on this E-mails are pouring in from law students across the land telling us that a 12-week program is just a summer dream now. According to tipsters, Cravath, Swaine & Moore; Gibson, Dunn & Crutcher; and Kirkland & Ellis are shortening their summers to 10 weeks; and Shearman & Sterling has confirmed that it is rolling it back to just nine weeks. Here’s what we’ve heard:

Cravath just called all of their upcoming 2L Summer Associates and informed us that the summer program would be cut to 10 weeks. They asked that we go online and reschedule our dates accordingly. No explanation given. I’m sure that they made calls rather than emails to avoid a paper trail.

We think the explanation is likely a financial one. Firms are cutting back, and they can get to know you just fine in 10 weeks rather than paying to have you stick you around for 12. Gibson-bound 2Ls got calls as well:

I received a call from the Gibson, Dunn & Crutcher summer coordinators today, as did many of my soon-to-be colleagues. The start date moved up to May 18th (instead of the 11th) and the end date moved back to July 24th (instead of the 31st). They tried to sell it as a “good move” for everyone because the recruitment season start so early now (August); they think both the firm administration and the summer associates will appreciate some time to prepare for recruitment season. Is this some sort of signal? Should 2L summers be planning to interview in the fall?

C’mon now. Let’s not totally freak out. Or let’s, but in the comments. Here’s an open thread to discuss which firms are scaling back their summer programs.

Gibson Dunn: Gross Revenue Up, Profits Per Partner Down, No Layoffs in Sight

Gibson Dunn.gifGibson Dunn hasn’t laid off associates, didn’t freeze salaries, and paid a market bonus. The firm also took a minor hit to profits per partner. AmLaw Daily reports:

The firm reports that gross revenue rose 5.4 percent to $957 million, however other financial metrics fell, presenting a slightly more sobering picture. Gibson Dunn’s profits per partner declined 1.3 percent to $1.9 million, while revenue per lawyer dropped 4.3 percent to $1 million.

Is this an example of a partnership taking a hit in profits in order to save associate jobs?

After the jump, is Gibson Dunn hiring?

Continue reading "Gibson Dunn: Gross Revenue Up, Profits Per Partner Down, No Layoffs in Sight"

Associate Bonus Watch: Gibson Dunn Quickly Distinguishes Itself From Latham

law firm associate bonus watch 2008 biglaw bonuses.jpgAfter yesterday’s Latham bombshell, Biglaw eyes turned to other California firms. Will Latham be a pack leader or a poop bag?

Last night, Gibson Dunn gave the first answer.

In individual meetings that started yesterday — and will continue today and tomorrow — Gibson associates are being informed of their 2008 bonus. As we understand it, Gibson Dunn associates will be receiving a Half-Skadden bonus.

We don’t like Half-Skadden bonuses around these parts (see here, here, here, and of course here). But given that Latham won’t even announce their bonus structure until after the new year, you have to be happy that Gibson said something.

Of course, thanks to Latham, the bigger question is what Gibson is going to do with associate salaries. More on that after the jump.

Continue reading "Associate Bonus Watch: Gibson Dunn Quickly Distinguishes Itself From Latham"

Adventures in Lawyer Advertising: Gibson Dunn Model Provides XXX Support?

Gibson Dunn.gifThe homepage of Gibson Dunn & Crutcher asks: “What makes Gibson unlike any other firm?” One of our tipsters offers one possibility: Gibson summer associates have moonlight careers.

Found it funny that the model on the front page of this support site for adult websites is also the model on the Gibson Dunn career site (go to Hiring, then Law Student).

Tough Market, j/k.

We find it funny that you are on the support site page for adult websites, tipster. The support page links to such delightful sites as “Arab Street Hookers,” “Human Toilet Bowls,” and “The Amputee.”

We’ve gone back and forth between the Gibson and Porn Support site photos, and there is a strong resemblance. What do you think?
Gibson Dunn XXX same model.jpg

Musical Chairs: Bankruptcy Lawyers on the Move

kramer levin logo.JPGThis is not the best time to be losing Bankruptcy rainmakers. But according to the ABA Journal, that is exactly what is happening to Kramer Levin Naftalis & Frankel. The three partners are: David Feldman, Eric Wise and Matthew Williams. David Feldman was formerly the co-chair of Kramer Levin’s bankruptcy group.

Gibson Dunn’s press release heralding the new hires reinforced the trio’s rainmaking capacity:

“This group has an established practice and a tremendous reputation in the distressed debt arena and will give Gibson Dunn a strong foundation in this growing area,” said Michael Rosenthal, Co-Chair of the Business Restructuring and Reorganization Practice Group.

Update (3:51): As many commenters pointed out, bankruptcy superstar Luc Despins is leaving Milbank for Paul Hastings. According to the National Law Journal:

Luc A. Despins, well-known in the profession for his representation of the creditors’ committee in the bankruptcy of Enron Corp., is the latest marquee name to be poached as firms rush to ramp up restructuring practices in response to the worsening economy.

According to our sources at Milbank, no associates will be leaving with Despins. The firm could not be reached for immediate comment.

Bankruptcy lawyers are the new IP attorneys. They’re very much in demand.

Kramer Levin Bankruptcy Trio Jumps Ship to Gibson Dunn [ABA Journal]
Top Milbank Bankruptcy Partner Leaves for Paul Hastings [Law.com]
Gibson Dunn Adds Three-Partner Bankruptcy and Distressed Debt Group in New York [Gibson Dunn]


Musical Chairs: Last Call To Cash In Before The Election

alice fisher alice s fisher.jpgThe problem with being a government lawyer is that you don’t have a lot of control over which “government” you are working for. Even if you have a non-partisan, non-patronage position, anytime a new administration takes power there is the possibility of turmoil.

Like the swallows of Capistrano, now is the season we expect public sector birds to leave their mission and return to their Biglaw vacation grounds.

Yesterday Assistant Attorney General Alice Fisher announced that she would be rejoining Latham & Watkins. You might remember Ms. Fisher from our former editor’s open crush on the “brassy, blonde, tough-talking Fisher.” I’m staring right now at the 3 golden locks of Fisher’s hair ATL has “acquired” under questionable circumstances.

Fisher’s new position at Latham will be “global co-chair of the white-collar and government investigations practice group.” It’s good work if you can get it.

More new hires after the jump.

Continue reading "Musical Chairs: Last Call To Cash In Before The Election"

Fall Recruiting Open Thread: Vault 16-20 (2009)

comparing.jpgReasons for reading ATL vary from person to person. But we have been told by some people that one of the greatest benefits of following the site is gaining familiarity with law firms and the differences between them.

In that vein, we shall continue on with our series of open threads on the Vault 100. (Sorry, haters! Though we are taking under advisement the idea that we list them in groups of ten from this point forward.)

Here are the next five, with prestige scores in parentheses:

16. Gibson, Dunn & Crutcher LLP (7.056)
17. Wilmer Cutler Pickering Hale and Dorr LLP (7.055)
18. White & Case LLP (7.054)
19. Shearman & Sterling LLP (7.043)
20. Arnold & Porter LLP (6.905)

Of the five, White & Case has the most bizarre list of notable perks: “Gender- and reason-neutral flexible work arrangement program” (what does that mean?), “Cold, anonymous” (yippee?), and “Dinosaur” (the ferocious or the fossilized kind?).

Time to compare and contrast. We invite you to have at it.

Earlier: Vault 100 Open Threads- 2009

Lawyers Are the Real Winners in Boehner v. McDermott

Boehner vs McDermott.jpgWashingtonian magazine has a fun little piece on lawyers profiting from congressmen going after one another.

If you’re interested in the intersection of law and politics, and we know many of you are, you’ll enjoy this story. Here’s how it starts:

Of all the angles played by Washington law firms, few can bring as much joy as having clients who aren’t playing with their own money.

Take the battle between two congressmen, John Boehner of Ohio and Jim McDermott of Washington: In a near-decadelong fight over McDermott’s leak of the contents of privileged and illegally taped conversations involving Boehner, the two ran up legal bills of about $1.6 million.

So who ended up covering that seven-figure legal bill? Find out, after the jump.

Continue reading "Lawyers Are the Real Winners in Boehner v. McDermott"

Clerkship Bonus Watch: Gibson Dunn

Gibson Dunn Crutcher LLP GDC gdclaw Above the Law blog.JPGWe have confirmed, with a reliable source at the firm, the rumor that Gibson, Dunn & Crutcher now pays a $50,000 clerkship bonus, as of January 1 of this year. We don’t know the firm’s policy for multiple clerkships of years of clerking; if you happen to know, email us, and we’ll update this post with the information once it’s confirmed.

Over the weekend, there was some discussion about a possible slowdown in terms of law firms hiring law clerks. Could sizable clerkship bonuses be contributing to this, by making law clerks more expensive for firms to hire?

Update: Two pieces of additional information. First, the $50,000 bonus is “flat”; it does not increase for multiple clerkships or years of clerking. Second:

I love Gibson Dunn, but don’t be fooled. They just eliminated the bar stipend amount ($15,000), and then tell you that you are getting a $50,000 bonus for clerking. You can get $15,000 in the summer before you start your clerkship (like all of the other new associates) to help pay for the bar, but then your bonus really is only $35,000. So, they didn’t really up their bonus, they just called your bar stipend something different.

Associate Bonus Watch: What’s Been Done at Gibson Dunn?
(Plus a funny farewell email)

associate bonus watch 2007 law firm Above the Law blog.jpgWe’ve received a number of inquiries about bonuses at Gibson, Dunn & Crutcher (especially in their New York office). This reminded us that we never did a full-blown bonus post about GDC. We merely noted, back in this post, that in the firm’s Los Angeles office, they appeared to be paying the standard year-end bonuses (but no special bonuses).

We’re not even 100 percent sure of that. And we also don’t know what they did in New York. We hear — through the grapevine, and not confirmed — that first-years in New York got the standard $35K year-end bonus, and that the class of 2007 associates received a prorated year-end bonus.

So please help us get to the bottom of things. Consider this an open thread for discussion of Gibson Dunn bonuses (similar to yesterday’s thread on Jones Day, which generated — and continues to generate — vigorous commentary). If you have info on GDC bonuses, please share what you know in the comments.

Update: One source reports:

Gibson’s New York office received both the regular and special bonuses. They were paid in one shot on December 20th. The L.A. office did not receive the special bonus.

Also, speaking of Gibson Dunn, we have bonus (non-bonus) content for you: a cute departure email, sent out late last month. Check it out, after the jump.

Continue reading "Associate Bonus Watch: What’s Been Done at Gibson Dunn?(Plus a funny farewell email)"

Lawyerly Lairs: Cleary Expands; New Digs for Gibson

One Liberty Plaza 1 Liberty Plaza Cleary Gottlieb Steen Hamilton Above the Law blog.jpgNot a heck of a lot going on today, a Friday in the holiday season. So let’s fall back on a staple of these pages: New York real estate.

If you’re an associate at Cleary Gottlieb who’s a fan of the current offices at One Liberty Plaza, congratulations. You’re not going anywhere anytime soon. From today’s New York Post:

[P]owerhouse law firm Cleary Gottlieb inked a deal to expand by 100,000 square feet at One Liberty Plaza. The law firm just signed a 20-year lease for 550,000 square-feet with landlord Brookfield Properties after more than a year of what Newmark Knight Frank broker Mark Weiss called “very competitive” and “very intricate” negotiations.

Cleary Gottlieb previously had 450,000 square feet under a lease due to expire in 2010. The “competitive” aspect was an attempt by Larry Silverstein to lure the firm to his new 7 World Trade Center.

Seven World Trade is a beautiful new building. But it’s expensive; we’re guessing Cleary got a very good deal to stay in its current spot. (The terms of the renewal were not disclosed.)

Meanwhile, a few miles uptown, Gibson Dunn & Crutcher is making a move. Details after the jump.

Continue reading "Lawyerly Lairs: Cleary Expands; New Digs for Gibson"

Playing ‘Peekaboo’ with Debra Wong Yang of Gibson Dunn

Gibson Dunn Crutcher LLP Above the Law blog.JPGHere are some of the comments appended to our recent post about Gibson Dunn’s snazzy new website:

“I like the pictures on the main directory. Those are the best part. Except that they don’t have too many women, and one of the women is in a very high school girl peek-a-boo around the brick wall pose. They’d never put up a picture of a man doing that.”

“I agree… Shame on you, peek-a-boo posing Asian woman!”

“Uh, that ‘peek-a-boo posing Asian woman’ is Debra Yang, the former U.S. Attorney for the Central District of California, whom GDC allegedly paid a $1 mil signing bonus. She can peek-a-boo around whatever the hell she wants to peek-a-boo around.”

“Debra Yang’s picture’s been taken down.”

“Wait, the peek-a-boo is still there. Now spotted in the mix over at Practices. Please, GDC, put up a different picture of Ms. Yang.”

Curious to see what all the fuss is about? Check out the controversial photo of Gibson Dunn partner (and former U.S. attorney) Debra Wong Yang, after the jump.

Continue reading "Playing ‘Peekaboo’ with Debra Wong Yang of Gibson Dunn"

Methinks that Gibson Doth Protest Too Much

Gibson Dunn Crutcher LLP Above the Law blog.JPGIt appears that Quinn Emanuel isn’t the only law firm with a snazzy new website. The WSJ Law Blog reports:

Okay, we’re not necessarily proud of our law-firm Web site fetish, so forgive us for spilling a few pixels over the spanking-new page the folks at Gibson Dunn put up.

[Ed. note: Racy stuff, esp. for the Wall Street Journal! That sentence — with its references to a “fetish,” “spilling a few pixels” (hehe), and “spanking” — is chock full of double entendres.]

We’re not sure it offers more or better content than the average firm site… but check out that design! We’re big fans, from the newspapery layout to the McSweeney’s-esque literary feel to the overall minimialist aesthetic….

Take, for instance, the six videos on firm diversity. There’s one entitled Out, with gay partners talking about their sexual orientation. And then there’s one called Red & Blue, about the firm’s political diversity, including an interview with former Congressman Mel Levine (Blue) and former Solictor General Ted Olson (Red)…

Unlike those rascals over at Quinn Emanuel, the GDC folks haven’t pulled their videos. And hopefully they will leave them up, even after we poke (gentle) fun of them.

Which we proceed to do, after the jump.

Continue reading "Methinks that Gibson Doth Protest Too Much"