Above the Law

Recent Headlines from Above the Law

 

Potentially landscape-altering deals don’t come along every day, and a deal that would merge a 1,000-lawyer firm with a 700-lawyer firm would be exactly that. And it’s not just headcount — the marriage of these two firms would have placed the joint entity at No. 9 in revenue for 2012.

But just because two firms are talking merger doesn’t mean it’ll happen. We’ve been let down before.

Indeed, we’ve been let down by one of these firms before. Way back in February, we reported that Pillsbury Winthrop was talking with Fulbright & Jaworski about a merger. Nothing ever came of that, but members of the management at Pillsbury are still on the prowl for a big, strong firm to sweep them off their feet. It’s all very romantic.

And now they just might have found the partner they’ve been looking for….

double red triangle arrows Continue reading “Proposed Merger To Create New Top 10 U.S. Law Firm In The Making”

For a couple months now, we’ve run an occasional series, drawing on the ATL Insider Survey, comparing firms and law schools in various geographic locales. Thus far, we looked at Boston, Chicago, New York, and “the South.”

Today, we turn toward Texas. Texas is beloved here at ATL as an apparently bottomless source of colorful legal news. The state is a frequent battleground for high profile constitutional fights while also generating a steady stream of tabloid fodder, from “judges behaving badly” to “tragic homicidal mayhem.” (Of course, there’s also the running joke among the ATL commentariat that, for what a New York Biglaw associate pays for his cramped studio apartment, one can buy a 3,500-square-foot wife house in Texas.)

But of course this is a limited, distorted view of the legal industry in Texas. Texas is a huge, diverse state with a relatively strong economy and a unique legal culture. Biglaw firms thrive in all three major cities, both local outposts of national firms, or more significantly, Texas-bred firms such as Baker Botts and Vinson & Elkins. Our ATL Insider Survey (13,000+ responses and going strong, thanks), asks attorneys at firms to evaluate their employers in terms of compensation, hours, training, morale, and culture. After the jump, we’ll look at how firms in Texas stack up in these categories — and how they compare to the national averages…

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Back in December, we told you about a football coach who had recently been fired from his position as a cornerbacks coach for West Virginia University. Back in 2010, we told you about this same football coach, because he’d recently been picked up to work for the Detroit Lions. There’s a reason we keep telling you about this football coach: it’s because he gave up what could have been a prosperous Biglaw career after graduating from Harvard Law School to work for free to pursue his dreams on the field.

Are you ready for some football?

double red triangle arrows Continue reading “Career Alternatives for Attorneys: NFL Football Coach”

Here at Above the Law, we’ve been writing about the “Biglaw boys’ club” for quite some time. According to the latest report compiled by the National Association of Women Lawyers, when it comes to firm life in the fast lane, women continue to have difficulty ascending to the ranks of firm leadership. In fact, that study concluded that in the Am Law 200, women hold only 20 percent of the positions on firm governance committees. What’s worse is that only four percent of Am Law 200 firms have a firmwide managing partner who’s a woman. So much for girl power.

But when it comes to Am Law 100 firms, the American Lawyer recently conducted a similar study, and the results were less than awe-inspiring — in their discussion of the results, the editorial staff go so far as to refer to it as “the law of small numbers.” Lovely. Apparently the glass ceiling is still strong in Biglaw.

So what does the leadership hierarchy look like for women in the Am Law 100? Let’s find out….

double red triangle arrows Continue reading “Leading Lady Lawyers: Ranking the Am Law 100 By Women in Leadership Roles”

Law firm mergers seem to be popping up as frequently as, well, problematic emails between married generals and their gal pals. Just a week after SNR Denton’s three-way merger with international firm Salans and Canadian firm Fraser Milner Casgrain, we’re learning of another law firm combination with Canadian and European elements.

This morning brings word of a merger between the global law firm of Norton Rose and the international but U.S.-based law firm of Fulbright & Jaworski. As you may recall, Fulbright has been the subject of merger buzz before — including rumors that featured Norton Rose as suitor.

How big will the new firm be, and what name will it operate under?

double red triangle arrows Continue reading “Law Firm Merger Mania: Fulbright & Jaworski Smells Sweet to Norton Rose”

The law firm of Fulbright & Jaworski is a leader in many fields — at least 31 of them, according to the latest Chambers rankings. In addition to recognizing Fulbright as a leading firm in 31 categories, the influential Chambers guide also named 99 Fulbright lawyers as leading individuals in their practice areas.

Fulbright excels in other areas well — for example, social media. It is one of the few major law firms that knows how to use Twitter.

Alas, these days the firm is also a leader in a less appealing arena: staff layoffs. Last October, the firm laid off at least a dozen employees.

And now it seems that more reductions might be on the way. Could Fulbright be trying to slim itself down in advance of a merger with another firm?

double red triangle arrows Continue reading “Staff Layoff Watch: Are More Cuts Coming to Fulbright?
(And could a merger be in the works?)

Yes, Biglaw firms do use Twitter. And apparently some of them use it quite well!

But who is the Biglaw King of 140 characters? We came across an interesting infographic today that pits two of the hottest hitters in the law firm world against each other.

Which firms are they and how do they line up?

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The Texas Law School is that way.

Everything is softer in Texas?

Occasionally we have an opportunity to look at how soft law school has become. Gone are the trials by fire immortalized in the book One L. Now it seems that law schools are taking their teaching cues from Harry Potter and Professor Dumbledore.

At the University of Texas School of Law, they’ve divided their classes into “societies” that compete against each other in games, wear special uniforms, have dedicated house mentors, and employ special Care Bears who hug people when they get back from the library. Okay, one of those things isn’t true.

Of course, the Texas millennials love it…

double red triangle arrows Continue reading “University of Texas Law School Tries To Become Hogwarts”

The last we heard from Fulbright & Jaworski and Pillsbury Winthrop, the former was busy conducting staff layoffs, and the latter was exploring on-shore outsourcing options. Today, we have bigger and more exciting news: the two Biglaw firms may be headed to the altar.

What would a combined firm look like? Fulbright has approximately 900 lawyers, while Pillsbury has a little under 700 lawyers. If the rumors are true, then we could be looking at a gigantic, global mega-firm — a veritable army of lawyers marching at roughly 1,600 strong.

But what stage are the firms’ merger discussions in? Is this a sure thing?

double red triangle arrows Continue reading “Law Firm Merger Mania: Fulbright and Pillsbury Are Talking”

“Oh, What a tangled web we weave, When first we practise to deceive,” said Judge Guy Anthony, quoting Sir Walter Scott’s poem Marmion, as he sentenced British Biglaw attorney Francis Bridgeman to 12 months in prison on Friday. The former Allen & Overy (A&O) and Macfarlanes partner, who had already had his membership of the latter firm’s limited liability partnership terminated, then collapsed in the dock.

Until recently, Bridgeman, 43, was just another hotshot Biglaw equity partner enjoying a millionaire’s life-style. Educated at Oxford University, he joined Magic Circle firm A&O in the early 1990s and rose through the ranks so quickly that he made partner in 2000, aged just 32. Having got married, he bought a big house in the countryside outside London and became a governor at a local school. Three years ago, he capitalised on his success by moving to boutique financial law firm Macfarlanes, where profit per equity partner is still high for U.K. standards (last year it came in at £752,000) but the hours and stress are generally considered less than at the likes of A&O.

Then, on April 6 2010, everything changed for Bridgeman, in the most unexpected and surreal way….

double red triangle arrows Continue reading “Letter from London: Prison for Biglaw Partner With Fabricated Kidnapping Story”

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