“We knocked the bastard off!” Edmund Hillary exclaimed on May 29, 1953, after descending from the summit of Mount Everest with his climbing partner, Tenzing Norgay. Sixty-one years ago today, the two men were the first to reach Everest’s summit — or perhaps the first to live to tell the tale. This week, On Remand looks back at Hillary and Norgay’s achievement, and the legal ramifications of less successful climbers who’ve followed in their footsteps — on Everest and elsewhere.
- Biglaw, In-House Counsel, Kramer Levin, Morning Docket, Reality TV, Staff Attorneys / Discovery Attorneys, Television, Trendspotting
* If your firm has not yet given in to the demands of corporate clients for more reasonable billing structures, please be aware that a) your firm is behind the times, and b) you better be prepared to get your white shoes scuffed. [Boston Globe]
* Mirror, mirror, on the wall, which is the fairest firm of them all? According to the 2014 Acritas Brand Index survey, Skadden is the firm on everyone’s mind — for the third year in a row. They must be doing something right. Congrats! [Am Law Daily]
* Part of this former staff attorney’s discrimination suit against Quinn Emanuel was dismissed, but as our editor, Elie Mystal, mused when he first heard of this case, it’s likely “the only color Quinn cares about is green.” [New York Law Journal]
* Trendspotting: Because fast-growing technology equals fast-growing money when it comes to the law, LeClairRyan is the
first second firm in the U.S. to open up a drone practice group. [Richmond Times-Dispatch]
* Bachelorette-in-waiting Andi Dorfman was granted an unpaid leave of absence from her job as an ADA to star in this summer’s edition of the reality show. We guess her boss gave her career a rose. [Daily Report]
* So we’ve had some technical difficulties this morning. Sorry all. So let’s kick off this abbreviated morning docket with news that Robert Dell will retire from Latham & Watkins at the end of 2014 after helming the firm for 20 years. [The Am Law Daily]
* Dwayne Bowe was arrested for alleged marijuana possession. He’s still going to start on Sunday though in case you were relying on his almost unnoticeable fantasy football impact this year. Remember when I didn’t understand the “Weeden Wayne Bowe” joke. Good times! [Kansas City Star]
* Whitey Bulger considers his trial a sham. He’ll be sentenced this morning. [LA Times]
* Former NBCUniversal General Counsel Lawrence Tu was named top lawyer at CBS. Congrats on “pulling a Letterman.” [Deadline]
* Sean Coffey is joining Kramer Levin. He previously headed up a litigation financing company. So when David asked if litigation finance was the hot new trend, apparently the answer is “no.” [New York Times / Dealbook]
Mammas, don’t let your babies grow up to be legal secretaries. We’re hearing scattered and somewhat hard-to-confirm reports of lawyer layoffs at various firms — please email us or text us (646-820-8477) if you have news to share — but efforts to reduce the ranks of secretaries are open and notorious.
If you spin through our staff layoff coverage, you’ll see that numerous law firms have shrunk the size of their secretarial staffs. Some firms have done this the hard way, through layoffs, while others have taken the kinder and gentler route, through buyouts.
Today we can report that two leading law firms have jumped on the “voluntary separation” bandwagon. If you’re a recently displaced legal assistant looking for a new position, don’t bother applying to either of these places — one of which is shedding lawyers, too….
- Alston & Bird, Biglaw, Cold Offers, Job Searches, Kasowitz Benson, Kramer Levin, No Offers, Summer Associates
Truth be told, I’m not a fan of law firms giving offers to 100 percent of their summer associates. Whatever happened to selectivity? Given how perfunctory the hiring process is, there has to be at least one mistake in any summer class of decent size, right?
A commenter on our last post about offer rates put it well: “[A] 100% offer rate is not always a good thing. If we don’t want to work with the little weirdo who managed to slip through by pretending he was normal in 20-minute increments in callbacks, there’s a good chance the other SAs don’t either. Firms shouldn’t be so captured by the desire to have 100% offer rates that they give offers to people with serious social issues or work product problems, particularly in small offices where their general offensiveness will really have an opportunity to shine.”
Another reason I don’t like 100 percent offer rates is that I enjoy hearing funny stories of summer associate misbehavior, which often culminate in a no offer or a cold offer. You can share such stories with us by email or by text message (646-820-8477; texts only, not a voice line).
Alas, Biglaw firms are not obliging me. Let’s find out which firms are indiscriminately doling out offers to their summers….
- Bankruptcy, Biglaw, Brobeck Phleger & Harrison, Dewey & LeBoeuf, Dissolution, Howrey LLP, JPMorgan Chase, Kramer Levin, Litigators, Money, Partner Issues, Vicious Infighting
How would you like to be pursued by the Angel of Death? It doesn’t sound like much fun, right?
But it’s the latest plague to be visited upon certain former leaders of the now-bankrupt law firm of Dewey & LeBoeuf. Former D&L partner Henry C. Bunsow — nicknamed the Angel of Death by Alison Frankel of Thomson Reuters, due to his status as an ex-partner of three failed firms (Brobeck, Howrey, and Dewey) — has sued former leaders of Dewey, alleging that they misrepresented the firm’s finances.
Let’s learn about his allegations, as well as catch up on the latest wranglings in the Dewey bankruptcy case….
- Bankruptcy, Biglaw, Dewey & LeBoeuf, Dewey Ballantine, Dissolution, JPMorgan Chase, King & Spalding, Kramer Levin, Lateral Moves, LeBoeuf Lamb, Money, Partner Issues, Partner Profits
Dewey Partners Get Any Capital Back? Good Luck With That!
(Plus more partner moves, including Ralph Ferrara.)
As we reported over the weekend, it’s looking like Dewey & LeBoeuf will soon find itself in bankruptcy (perhaps voluntarily, perhaps not). The specter of bankruptcy raises a question for the many former partners of Dewey: dude, where’s my
car capital contribution?
Let’s find out — and get the latest dispatches on the Dewey death spiral, including news of a new home for former vice chair Ralph Ferrara….
* News Corp. has hired Paul Weiss attorney Mark Mendelsohn, a Foreign Corrupt Practices Act expert, to advise them. In related news, Chuck Norris has hired Wendi Deng Murdoch to advise him. [WSJ Law Blog]
* Utah’s goofy liquor laws are examined in this New York Times article. The restrictive laws clearly came out of Joseph Smith’s attempt to monopolize visions emanating from the bottom of hats. [New York Times]
* President Obama’s evolving views on gay marriage have led him to back an attempt to repeal DOMA. I’m no Frank Lutz, but I see a messaging problem on gay issues if he keeps up this whole “leading from behind” shtick. [Los Angeles Times]
* Pittsburgh Steelers running back Rashard Mendenhall is suing Hanesbrands, parent company of the Champion sports apparel maker, for dropping him after some dumb tweets. Dude said some pretty stupid stuff about 9/11, but the true jewel of his collection was buried deep in this story. In a tweet aimed at women who don’t perform oral sex, Rashard said “It’s either gonna be you, OR some other chick.” Hahahaha. Oh, Rashard. [ESPN]
Last week, Kramer Levin announced its bonuses. The firm is paying bonuses on the Cravath scale, to associates “in good standing.” So it looks on the surface like a market match.
But the memo contains the following language worth noting:
As has been our practice, eligibility to receive the Year-End Bonus will be based on merit and achievement of hours thresholds (which are expected to be the same as the last couple of years); associates who do not satisfy these components may be eligible to receive Year-End Bonuses in lesser amounts.
Do these merit and hours requirements keep a significant number of associates from receiving the full bonus? We don’t have enough data points to say; feel free to discuss in the comments. Also note that bonuses won’t be paid for a while — not until February 15, 2010.
The full memo appears after the jump.
- Blank Rome, Kramer Levin, Manatt, Phelps & Phillips, Sheppard Mullin, Stroock & Stroock & Lavan, Vault 100 Open Threads: 2010
Here we are. The end of the Vault 100.
To be on the Vault 100 is to be a well-known firm. Sure, maybe not well-known to law students or junior associates who can’t see past the mountain of doc review boxes in their windowless conference rooms. But known to partners … and clients. Look down your nose at these firms if you wish, but remember the old African proverb: “The smallest elephant can still crush your Lexus.”
Here is the final batch of top law firms for discussion:
91. Stroock & Stroock & Lavan
92. Blank Rome
93. Seyfarth Shaw
94. Kramer Levin Naftalis & Frankel
95. Manatt Phelps & Phillips
96. Squire Sanders & Dempsey
97. Sheppard Mullin Richter & Hampton
98. Patterson Belknap Webb & Tyler
99. Wiley Rein
100. Mintz Levin Cohn Ferris Glovsky and Popeo
What say you about these fine firms? Some final thoughts after the jump.