Andrei Iancu, Managing Partner
Ed. note: Due to the Presidents’ Day holiday, we will be on a reduced publication schedule today. We will be back in full swing tomorrow. We hope that you will enjoy your day off, but please feel free to lament your lack thereof in the comments.
* “[T]hey don’t want to hear nothing.” Vedel Browne, the man accused of robbing Stephen Breyer at machete-point while the justice was vacationing in his home in the Caribbean, now claims that he’s innocent, mon. [St. Kitts-Nevis Observer]
* You know what, the farmer in the Super Bowl commercial probably didn’t have to deal with bullsh*t like Monsanto’s seed patents, but today’s farmers do, and they’ll argue their case before the Supreme Court this week. [New York Times]
* “I’m a betting man. And I would bet and give odds that Sullivan & Cromwell has never said that publicly.” Who dares question S&C’s stance in the hot mess that is Herbalife? None other than Carl Icahn. [Am Law Daily]
* Here’s an important Biglaw math lesson that’s been provided to us via California-based firms like Irell & Manella, Munger Tolles, and Orrick: a little revenue minus a lot of partners equals profitability. [Recorder]
* Amid a flurry of filings on Valentine’s Day, love must’ve been a battlefield for the embattled Dewey & LeBoeuf refugees who were in desperate search of their once promised 2011 bonuses. [WSJ Law Blog (sub. req.)]
* From the department of things that suck: having to defend your office’s alleged “underhanded tactics” in a $150 million wrongful conviction case while you’re trying to get re-elected as district attorney. [New York Times]
* We got bitches in the office lawyerin’ on, and they ain’t leavin’ till six in the mornin’ — unless they want to be fired. An ex-Travers Smith trainee claims she was canned for leaving the firm “early”… at 6:30 a.m. [Telegraph]
* If it weren’t for Cosmo, this woman wouldn’t have known her landlord was an alleged creeper. A Maryland lawyer now faces criminal charges for allegedly filming his female tenants in the nude. [Washington Post]
* “We wants it, we needs it. Must have the precious!” The ABA officially put Florida A&M on notice that its law school accreditation may be in jeopardy if they don’t shape up in terms of bar passage. [Orlando Sentinel]
* What do you do the second you step off a cruise ship that’s been described as “a floating toilet, a floating petri dish, a floating hell”? You grab the very first lawyers you see, and sue! [Nation Now / Los Angeles Times]
Which major law firms now offer the tax offset for domestic partner health benefits?
In recent years, Irell & Manella has doubled the Cravath bonuses. What did Irell do this year?
Unless you drowned yourself in a bathtub full of eggnog over the holidays, hopefully you are at least superficially aware of the Stop Online Piracy Act. The House of Representatives is considering the bill, known as SOPA for short, that people fear will destroy the Internet as we know it. Last week, Elie and I…
As we’ve been saying, it’s not that hard to give your associates a better bonus than what they’re doling out at Cravath. At the elite California firm of Irell & Manella, they do it every year. Once again, Irell has issued bonuses that put Cravath’s to shame. No muss, no fuss — multiple sources tell us the the bonuses were much bigger than the Cravath bonuses. So how much bigger are we talking about?
Many former partners at major law firms spend their post-Biglaw years living large — as well they should. After all, they worked very hard, for many years, to amass seven-figure, eight-figure, or even nine-figure fortunes. After leaving behind the life of billing 2000+ hours a year, they finally have time to enjoy the fruits of their labor. But not all ex-partners find themselves on Easy Street. Take, for example, these two ex-partners in California — one whose civil suit against her former firm isn’t going so well, and one who might be going from Biglaw, to a small firm, to the Big House….
* Lawyers with four to seven years of experience are apparently now in demand. You know why? BECAUSE THEY FIRED ALL OF THEM TWO YEARS AGO! [WSJ Law Blog] * Occupy Wall Street is now getting free hugs. It’s like, when you register as a liberal, somebody comes in the night and shoves your testicles…
Last month, Juliette Youngblood, an ex-partner at the elite California law firm of Irell & Manella, filed suit against her former firm. Irell did not respond to the lawsuit at the time, now it has, in a blistering 22-page filing. What does the firm have to say about the specific claims made by Youngblood?
* What kind of a lawyer can’t spot a Nigerian scammer before being bilked out of millions? If you fell for that, please hit me up. I have a bridge I’d like to sell you. [Washington Post] * Will Juliette Youngblood, the self-proclaimed “luckiest girl in the world,” still feel the same way if her…
With the high offer rates we’ve seen, we have to assume that there was enough money to go around for firms to host some excellent events, right? Well, now that you’ve got your offer in hand (hopefully), you can spill the beans on what went down at your firm this summer….
|Culture & Colleagues||B-|
|Bonus Category||Above Market|