Above the Law

Recent Headlines from Above the Law

 

Sometimes, the internet seems to exist largely in order to rate things. User-generated and unverified reviews of everything from movies to cars abound. The thing with this proliferation of ratings, be they on Yelp, or Amazon, or whatever, is that we usually don’t have any idea whether or not the reviewer has any basis for his rating. (In fact, the spoof product review has become its own literary micro-genre.)

Spurious or baseless ratings are not a problem when it comes to ATL’s Insider Survey (17,300 responses and counting — thanks everyone!), whereby practicing attorneys and current students evaluate their own schools or employers. Among other things, our survey asks attorneys to nominate firms with over- and underrated practices within the respondent’s own practice specialty. Litigators nominate litigation departments, etc.

Which firms do those in-the-know consider to be better (or weaker) than their reputations?

double red triangle arrows Continue reading “Over- And Underrated Biglaw Practice Groups”

Earlier this month, we reported on Bingham McCutchen and Morgan Lewis & Bockius’s agreement to merge. The 750-lawyer Bingham firm has been going through a rough patch lately, so news of the deal with 1,200-lawyer Morgan Lewis sounded like a rescue to some observers.

But rescues come with terms and conditions. What are the ones at issue here? There’s good news for some Bingham partners, and bad news for others….

double red triangle arrows Continue reading “What Needs To Happen For the Bingham / Morgan Lewis Deal To Proceed”

She’s not a porn star, she’s a law student. We could see where you might be confused by that one.

* Now that we know Eric Holder is resigning, there’s been speculation as to where he’ll go next. The obvious choice is a return to Covington & Burling, but he could still surprise everyone. [National Law Journal]

* “Judicial campaign cash is burning a hole in the Constitution.” State court judges are pumping money into their election campaigns, and some have been left to wonder about its true price. [New York Times]

* Details have emerged as to conditions that must be met for Bingham McCutchen’s proposed merger with Morgan Lewis: partner promises, de-equitizations, and forgivable loans, oh my! [Reuters (sub. req.)]

* In the wake of Dean Makau Mutua’s decision to step down at Buffalo Law, a “deep rift” among faculty has been brought to light. The school’s future doesn’t seem as “bright” as we were once told. [Buffalo News]

* A former law student who was falsely identified as a porn star on the radio had her day in court and pulled out a win. Here’s the money shot: she’s walking away with $1 million in damages. [Kansas City Star]

Ed. note: Stat of the Week is a new feature that pulls data points from ATL Research as well as noteworthy sources across the web.

Rumors of a Bingham McCutchen/Morgan Lewis merger were confirmed this week when news broke that the two firms had reached an agreement to combine. The firms have a lot in common in terms of financial metrics: for 2013, Bingham came in at $1.48 million for profits per partner and $960,000 for revenue per lawyer, while Morgan Lewis posted similar numbers, $1.57 million and $945,000, in those categories (according to Am Law).

Something the two firms don’t have in common? The direction they’ve been heading in….

double red triangle arrows Continue reading “Stat Of The Week: The Bingham / Morgan Lewis Merger”

September is shaping up to be a busy month for law firm merger news. On the heels of the Locke Lord / Edwards Wildman deal, we’re getting word that Bingham McCutchen and Morgan Lewis have reached an agreement to merge.

The news doesn’t come as a shock. Rumors of a Bingham/Morgan combination have been circulating for months. There was talk that such a deal could trigger some partner departures, and those departures have already come to pass (presumably removing from the picture some potential objectors to a merger).

Let’s have a look at what a Morgan Bingham — or Bingham Morgan, or maybe just a bigger Morgan Lewis, if no name change takes place — might look like….

double red triangle arrows Continue reading “Law Firm Merger Mania: Bingham McCutchen And Morgan Lewis Reach A Deal”

In the not-so-new normal, clients continue to refuse to pay full freight for inexperienced first-year attorneys to work on their legal matters — or, as one law firm recently mused, “client demand for first year associates has declined.”

What’s a Biglaw firm to do?

It seems that one firm has found a pretty good solution to this problem: make someone else hire those lawyers to work as junior in-house lawyers, and then bring them into the fold as associates after they’ve gained some real-world experience.

Which Biglaw firm has teamed up with a big bank — the biggest bank in the U.S. — for this program?

double red triangle arrows Continue reading “Biglaw Firm Figures Out A Way For Clients Not To Pay For First-Year Associates”

Observers of the legal industry have been wondering about the future of Bingham McCutchen for the past several months. In the wake of a rocky 2013, which triggered some lawyer departures and staff reductions, there has been a fair amount of merger talk.

Some have wondered whether Bingham might “fall victim to its own strategy” — i.e., whether the firm, which grew in power and profitability by swallowing up other firms, might itself get eaten up by a rival.

So what’s the latest on the Bingham merger talk front? And what might happen if the talks go further?

double red triangle arrows Continue reading “Could Bingham Merger Talks Trigger More Partner Departures?”

Judge Jill Pryor

* Mathew Martoma, the former Harvard law student who fabricated his transcript when applying for clerkships, gets nine years in prison for insider trading. [DealBook / New York Times]

* If Bingham McCutchen moves forward on merger talks with Morgan Lewis, a bunch of Bingham partners might bail. [American Lawyer]

* Congratulations to Judge Jill Pryor, who will join Judge Bill Pryor on the Eleventh Circuit. [Fulton County Daily Report]

* Can you be fired for medical marijuana in Colorado, where the drug is legal even for recreational purposes? [ABA Journal]

* Dewey have some good news for the embattled ex-leaders of the defunct law firm? [New York Law Journal]

* Home Depot is the latest major retailer to be hit by a data breach. [Washington Post]

* Robert Manfred Jr., formerly a partner of Morgan Lewis & Bockius, is now the commissioner of Major League Baseball, and he beat out another former Biglaw buddy from Kelley Drye & Warren to snag the job. [Am Law Daily]

* “My past is littered with the bones of men who were foolish enough to think I was someone they could sleep on.” Michele Roberts is the first lady to lead the NBAPU, and you don’t want to mess with her. [New York Times]

* In case you haven’t heard by now, Governor Rick Perry was indicted on Friday on felony charges of abusing his power in office. Aww, poor guy. Not for nothing, but we can’t wait to see his mug shot. [New York Times]

* Quinnipiac Law has a new building that cost $50 million, and it’s designed to hold between 400 and 500 students. With only 292 students currently enrolled, that’s a lot of wishful thinking. [New Haven Register]

* “This is a lawsuit against the lawyers for being lawyers, for doing what lawyers do.” It also seems to be a lawsuit that’s allegedly about sex, lies, illegal video tapes… and Waffle House. [Daily Report (reg. req.)]

* Suit filed questioning the parentage of Blue Ivy Carter. Plaintiff claims to be the real… mother? Hm. You’d think that would be pretty easy for everyone to remember. [International Business Times]

* The Washington D.C.-area NFL team has filed suit to get its trademark back. They think the USPTO are Indian Givers. [DCist]

* The ACLU is asking courts to define “freedom of the press” in the wake of Ferguson. I understand their impulse, I just don’t think they’re gonna like the answer. [Fox2Now]

* A 71-year-old lawyer allegedly called two escorts over to his house and they asked for more money. Even for rich lawyers it’s the principle of the thing. [South Florida Lawyers]

* Sad to see Professor Larry Tribe join the “let’s blame the teachers instead of funding public schools” parade. But now that he’s become a high-profile supporter of ending tenure for those teaching the young, perhaps he’ll renounce his own tenure. Or at least fight to revoke it from all his colleagues. [National Law Journal]

* A Colombian lawyer is suing FIFA for $1.3 billion over bad officiating. Of all the things FIFA deserves to get sued over, this isn’t making the list. [Washington Post]

* Congratulations to Rob Manfred, a Harvard Law grad formerly of Morgan Lewis, on his promotion to MLB Commissioner. He will continue the proud tradition of keeping us bored all summer long while we wait for football to come back. [New York Times]

* New lawsuit says Google kept records of plans to infringe intellectual property… on Post-Its. Unwise. Office supplies are for back-to-school shopping, not writing down wrongful acts. [Valleywag]

* If you’re a current 3L or a law grad about to come off a clerkship, NOAA has a job opportunity for you. Imagine how exciting it will be when the next Sharknado happens! [USAJobs via NOAA]

  • Fall OCI Schedule

    from the firm

    Columbia University Law School: 8/12
    Cornell University Law School: 8/6
    Duke University School of Law: 8/15
    Duquesne University School of Law: 8/22
    Fordham University School of Law: 8/21
    George Washington University Law School: 8/13
    Georgetown University Law Center: 8/13
    Harvard Law School: 8/14
    Howard University School of Law: 8/13
    University of Florida, Levin College of Law: 8/14
    New York University School of Law: 8/14
    Northwestern University School of Law: 8/19
    Rutgers University School of Law, Camden: 8/15
    Rutgers University School of Law, Newark: 8/13
    Santa Clara University School of Law: 8/15
    Southern Methodist University, Dedman School of Law: 8/13
    Stanford University Law School: 8/28
    Temple University, Beasley School of Law: 8/15
    University of California, Berkeley, Boalt Hall School of Law: 8/5
    University of California, Davis School of Law: 8/12
    University of California, Hastings College of Law: 8/6
    University of California, Hastings College of Law (Tax): 8/6
    University of California, Irvine, School of Law: 8/8
    University of California, Los Angeles School of Law: 8/8
    University of Chicago Law School: 8/27
    University of Houston Law Center: 8/22
    University of Illinois College of Law: 8/14
    University of Miami School of Law: 8/14
    University of Michigan Law School: 8/19
    University of Pennsylvania Law School: 8/12
    University of Pittsburgh School of Law: 8/20
    University of San Francisco School of Law: 8/12
    University of Southern California Law School: 8/7
    University of Texas School of Law: 8/15
    University of Virginia School of Law: 8/14
    Villanova University School of Law: 8/16

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