Recent Headlines from Above the Law

  • Preet Bharara: all out of f*cks?

    Morning Docket

    Morning Docket: 01.23.15

    * Preet Bharara, the U.S. Attorney for the Southern District of New York, was recently referred to as the “most dangerous man in American politics.” Why’s that, you ask? It’s because he’s “a federal prosecutor who doesn’t give a f*ck.” Damn straight. [BuzzFeed]

    * Just when you thought the Alan Dershowitz sex scandal couldn’t get any more intense, the investigative sleuths over at Gawker found flight records that allegedly place the professor as a passenger on a billionaire bad boy’s pedo plane. [Gawker]

    * Dewey know which former chairman of a failed firm had to beg to get a refund on his bail money because he couldn’t otherwise afford to pay the expert witnesses for his upcoming criminal trial? Aww. Poor, poor Steven Davis. [New York Law Journal]

    * Fried Frank’s chairman says that completely pulling the firm out of Asia was a “difficult but necessary decision.” On the other hand, an ex-partner at the firm says this move had basically been “inevitable” since at least 2009. Hmm. [Am Law Daily]

    * If you want advice on how to pick a “cost-efficient” law school, the first thing you should realize is that your scholarships may come back to bite you in the ass. Go on, read the fine print — after all, you want to be a lawyer. [U.S. News & World Report]

    30 Comments / / Jan 23, 2015 at 9:13 AM
  • Uhh... thanks for the bonus?

    Morning Docket

    Morning Docket: 01.20.15

    * Fried Frank is closing down its Hong Kong and Shanghai offices because they were costing the firm more money than they were bringing in. What’ll happen to the lawyers who work there? Most of them will be huòdé dìyù. [Am Law Daily]

    * Not everyone can match the New York market when it comes to Biglaw bonuses. According to disputed rumors, associates in some practices of at least one Chicago law firm didn’t receive any bonus at all. Which firm? [Crain’s Chicago Business]

    * We often complain that women are getting the short end of the stick in Biglaw, but today we’ve got a nice little caveat. At some large law firms in at least one city, more women are making partner than their male counterparts. [National Law Journal]

    * UVA hired Pepper Hamilton to consult on its inept handling of sexual assault cases while O’Melveny & Myers deals with its Rolling Stone gang rape allegations. Collars shall be half-popped until the school gets serious about these issues. [Newsplex]

    * Whittier Law, home to one of the worst full-time, long-term employment rates in the country, hopes to give grads a “legal leg-up” with its new solo incubator program — because “[e]ducation and training doesn’t end when they graduate.” [Daily Pilot]

    * Wet Seal joined the ranks of teen retailers like Deb and Delia’s when it dumped lots of locations and filed for Chapter 11. New code provisions might’ve sped things along, but like, being a debtor-in-possession is totally uncool. [DealBook / New York Times]

    5 Comments / / Jan 20, 2015 at 9:07 AM
  • Harvard Law School

    Morning Docket

    Morning Docket: 12.31.14

    * Per the Department of Education, Harvard Law sucks at handling sexual assault and harassment complaints. As it turns out, the DoE only found out about the misconduct because a faculty member from New England Law snitched on the Ivy League school. [Boston.com]

    * Everything’s bigger in Texas, including the penalties for pot possession. One state legislator wants to change that in the new year, and hopes his colleagues will puff, puff, pass his bill in favor of small civil fines instead of jail sentences. [VICE]

    * “If the court has been waiting until the country is more comfortable with gay marriage, they’ve waited long enough.” The first SCOTUS conference of 2015 will focus on gay marriage cases. It’d be fabulous if they took one. [Supreme Court Brief]

    * Latham and Fried Frank are going to be advising on Shake Shack’s initial public offering. Hungry attorneys working on the IPO will be disappointed to learn that their client doesn’t have any public offerings for consumption on Seamless. [Am Law Daily]

    * The bankruptcy trustee for the late, great, defunct firm of Howrey LLP keeps lining up big settlements for its remaining creditors. This time, Wiley Rein will contribute $1 million to the failed firm’s coffers. Howrey like dem apples? [Wall Street Journal]

    10 Comments / / Dec 31, 2014 at 9:00 AM
  • Save money on glasses eyewear

    Biglaw, Bonuses, Money

    Associate Bonus Watch: A Potpourri Of Payment Scales

    Bonus reports from several different law firms — mostly good news.

    10 Comments / / Dec 17, 2014 at 6:06 PM
  • cash 2 money benjamin one hundred dollar bill

    Biglaw, Bonuses, Money, Willkie Farr

    Associate Bonus Watch: 2 More Firms Announce, But Which Bonus Scale Did They Match?

    What will the controlling bonus scale be now that Davis Polk has beaten the market?

    9 Comments / / Nov 26, 2014 at 11:56 AM
  • Are the pastures greener over at Freshfields?

    Biglaw, Lateral Moves, Partner Issues, Partner Profits

    Musical Chairs: Fried Frank Loses A Former Leader To Freshfields

    What’s going on at Fried Frank, which has seen significant lateral losses lately?

    0 Comments / / Sep 19, 2014 at 11:24 AM
  • 240px-Jerry_Jones_owner_dallas_cowboys_2008

    Football, Law Professors, Law Reviews, Law Schools, Non-Sequiturs, Student Loans, Trademarks

    Non-Sequiturs: 09.10.14

    * Because it’s been such a long time since the NFL has had a scandal, Cowboys owner Jerry Jones is accused of sexual assault in a new suit. The Cowboys claim the suit is nothing but a money grab. No one knows a money grab like a franchise owner milking a new stadium partially financed by taxpayers. [USAToday]

    * Dean Frank Wu explains why Hastings will survive the end of law schools. [SF Weekly]

    * A pair of IP litigators, James W. Dabney and Stephen S. Rabinowitz, have jumped from Fried Frank to Hughes Hubbard. Will others be following Dabney & Rabinowitz out of Fried Frank? [Hughes Hubbard]

    * “Lawyer’s ‘Torture Porn’ Past Pops Up in Pa. Governor’s Race.” OK, let’s see what you’ve got here. [Greedy Associates / FindLaw]

    * An interesting breakdown of the legal scholars with the widest network of co-authors. Think of these as the most promiscuous scholars around. Actually, no. Don’t think that. [Ryan Whalen]

    * Etsy sides with the USPTO and bans sales of anything branded “Redskins” on its platform. I’m not sure how smart this is since the economic teeth of the USPTO decision was to allow sites like Etsy to sell massive quantities of otherwise trademark-infringing stuff until Washington relented and opted for a new trademark-protectable name. [Etsy]

    * Don’t throw peanut butter in my neighborhood (though I don’t understand the blotter… there’s no Bodega at that location). [Legal Juice]

    * Lest you think law school is reasonably priced: “New IBR and PSLF provide benefits large enough that high earnings still result in nearly $100,000 in loan forgiveness for typical levels of debt for law school graduates. A lawyer earning at the 50th percentile with that debt level stands to have $147,282 forgiven, which is more than he borrowed…” [New America Education Policy Program]

    * Keeping in touch with your inner child to relate to witnesses as humans. [Katz Justice]

    * Closing out this football-heavy NS, friend of the blog Mitchell Epner discusses why Roger Goodell won’t (and shouldn’t) survive the fallout of the Ray Rice scandal. Check out the video after the jump… [CNBC]

    1 Comment / / Sep 10, 2014 at 5:03 PM
  • McDonalds

    Attorney Misconduct, Biglaw, Fast Food, Food, Law Firm Mergers, Law Schools, Legal Ethics, Morning Docket, Partner Profits, Rankings, U.S. News

    Morning Docket: 03.14.14

    * Valerie Ford Jacob, leader of Fried Frank since 2003, is stepping down from her post prior to her official 2015 departure date. At least she’s leaving on a high note, with the firm’s highest profits per partner ever. Yay. [WSJ Law Blog (sub. req.)]

    * Ralph Lerner, the ex-Sidley Austin partner who billed extra car charges to his clients, claims he went into work on weekends to do work for free to make up for it. Aww, how nice of him. [Am Law Daily]

    * When we first covered this in January, it was just a rumor, but now it’s officially set in stone. The deed is done: Buchanan Ingersoll is picking up Tampa firm Fowler White Boggs. [Pittsburgh Business Times]

    * Many New York law schools moved in the recent U.S. News rankings, but not necessarily in the right direction. Four out of 15 schools moved up; the rest stayed the same or slipped. [New York Law Journal]

    * Would you like damages with that? McDonald’s corporate and its franchisees are facing lawsuits filed by employees over their allegedly “stolen wages.” Class actions have been filed in three states. [Bloomberg]

    3 Comments / / Mar 14, 2014 at 9:11 AM
  • $$ roll

    Biglaw, Bonuses, Books, Partner Profits

    2013 Biglaw Bonuses: An ATL Infographic

    2013 Biglaw Bonuses: An ATL Infographic comparing first-year bonuses and law firm profits per partner.

    6 Comments / / Jan 9, 2014 at 5:54 PM
  • Associate Bonus Watch 2013

    Biglaw, Bonuses, Money

    Associate Bonus Watch: Bonuses Are Served At Clifford Chance And Fried Frank

    Every time an associate says, “I don’t believe in higher bonuses,” there’s a would-be Boies-level bonus someplace that falls down dead.

    5 Comments / / Dec 12, 2013 at 12:10 PM