It’s the first week of August, and it seems that Biglaw firms are still handing out offers to their summer associates like candy. Don’t worry if you haven’t received one yet, because some firms are still daring enough to wait until their summer associates are back in school before they welcome their new crop of future associates.
Sure, summer associate classes are smaller than they were before the Great Lathaming and Dewey’s Demise, but now that things are starting to look up, offer rates seem stronger than ever.
Following up on Tuesday’s story, here are more firms that have given offers to all of their summers:
* You’d think an intellectual property firm would know better than to commit copyright violations. [Law 360]
* Good news, law students! You can get a casebook for the low, low price of $200! [PrawfsBlawg]
* Rachel Ray sued for negligence in trying to help a teen lose weight. If the goal was weight loss, Rachel should have just forced the girl to exclusively eat from Rachel Ray’s cookbook. Nothing can turn someone off eating like that. [US Weekly]
'So then I said to them, 'We have, like, a staggered board AND a poison pill. So suck on that!''
The halls are alive with… the sound of vermin? As we’ve mentioned earlier today, some top law firms (and even one top law school) are experiencing problems with rodents, insects, and other pests.
And, unfortunately, some of these critters have crept into company canteens. Thanks to New York City’s controversial system of rating restaurants, in which establishments receive letter grades based on their health and sanitation violations (or lack thereof), we know which law firm cafeterias are worth patronizing (and which ones are best avoided).
Let’s take a look at which Biglaw behemoths have the best — and the buggiest — dining rooms….
If you enjoy fashion, check out our sister site, Fashionista.com.
Fashion law is a quickly-growing specialty practice area — a place where lawyers can aspire to dress stylishly while honing their legal skills in the glamorous world of haute couture law. You may never see all of the models and bottles a career in law once guaranteed, but you might get to work on their contracts.
A lawyer working in the business of beauty can expect to do a great deal of intellectual property work (after all, trademark law is sexier when you’re doing it in designer duds). An IP student group at a leading law school took that to heart, and decided to hold a symposium on the topic of fashion law.
The students pulled out all the stops for the event: they got Biglaw sponsorship, they created an eye-catching flyer, and they lined up some of the greats of the fashion law world to speak. Needless to say, they expected a great turnout.
What they didn’t expect was to be on the receiving end of a cease and desist letter from a high-end fashion house….
Over at Kenyon & Kenyon, the prominent intellectual property law firm, it’s the best of times — and the worst of times.
It’s the best of times for incoming associates, who will be earning the new market rate of $160,000. It’s the worst of times for the ex-Kenyon associates who are now looking for jobs.
Our take is that Kenyon is trying to keep up with the Simpson Thachers (or Fish & Richardsons) of the world, but getting winded by the effort. Yes, it’s raising salaries; but it’s not doing so until much later in the year. And it’s shedding associates at the same time, maybe to free up the payroll for raises.
Here are the details:
1. The firm is raising salaries for entering associates, but it’s not doing so until September 1. Here’s the email:
From: Birde, Patrick Sent: Wed 2/28/2007 3:48 PM To: ~Attorneys (All) Subject: NOTICE: Re: $160k Entry Salary
This is to advise you that our first year associate salary will be raised to $ 160K effective Sept. 1, 2007. Also, the Firm is in the process of revising the pay structure including the bonus system for all Associates and Counsel.
2. The firm has laid off associates. On January 11, the firm laid off 16 lawyers, according to partner Patrick Birde (who kindly responded to a fact-checking email we sent to him).
3. There was a rumor going around that the layoffs were made without warning. But according to Birde, this is incorrect:
[S]ome of the attorneys involved were already on probation and others were aware of issues with the firm brought to light during the review process.
4. The firm informed these 16 individuals that their names would remain on the firm website until March 15. (We’re guessing this was done to facilitate their job searches.)
So that’s the 411 on Kenyon. Feel free to discuss this news — or other associate compensation developments, since our last open thread was a while ago — in the comments.
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.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
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