from Brian Dalton, Breaking Media Director of Research
The ATL School and Firm Insiders Survey asks self-identified current students, alumni, and practicing lawyers to rate major aspects of life at their law school (academics, social life, clinical training, career services, financial aid advising) and/or law firm (compensation, hours, morale, culture, training). We then translate these ratings into letter grades, where the mean score for each particular ratings category is the equivalent of a “B.”
We require a minimum threshold of responses for each institution before we publish any survey-based ratings content. Using a standard formula for statistical validity, we adhere to a threshold that gives us an 85% confidence level and a 10% margin of error. The precise threshold number will of course vary depending on the size of the individual institution. For example, for a law firm of 1,000 attorneys, we would require 50 responses in order to publish ratings for the firm.
Top Practice by Headcount and Top Schools data is provided by Leopard Solutions. Leopard Solutions is a leading provider of attorney data to legal recruiters, law firms and law schools. We track attorneys in over 1500 law firms around the country and document their practice area, specialties, honors, languages advanced degrees and more. We provide an overview of each law firm as well as detailed information on individual attorneys. The data can be used to track trends, movements, growth and more.
Leverage is the number of attorneys minus equity partners, divided by equity partners.
Salaries & Compensation
Advances, Bonuses, Benefits & Stipends for First-Years
Ropes & Gray puts lots of effort into training new associates, more than would make sense from a purely short-term economic perspective.
Hundreds of stealth layoffs under the radar.
Great, great people.
Respectful partners who treat the plebes in the associates ranks as colleagues, not minions. Surprised by how much partners treat associates as colleagues, not just as water-carriers. The amount of training offered to associates is just unreal. Plus it’s kind of a nice place.
The firm is full of brilliant people who genuinely care about each other, and who like working together.
Truly a good firm to work at.
I think your quality of life depends on which group you’re in. Also, be ready to pay for your own Blackberry chargers – if the one they give you breaks, you don’t get a new one from the firm. Little things like that annoy me, because I’d rather not have a Blackberry at all, but I suppose they could just reduce everyone’s pay by the amount it costs to buy extra equipment and it would end up being the same.
Do not waste your talents on this firm, they will use you and spit you out.
There are much better firms to go to. Management in this firm is awful.
The nicest thing I can say about this firm is find another firm to practice law at, management is terrible, morale is very low.
Partner Jane Willis was part of the MIT Blackjack Team
Advise Bain Capital on $26 billion acquisition of Clear Channel Communications
Counsel to Genzyme in its acquisition of Sanofi-Aventis for $20.1 billion
This is the latest in a new series of ATL infographics — visual representations of our own proprietary data, relevant third-party data, “anecdata,” or just plain jokes. This infographic is brought to you by our friends at Prestige Legal Search. Earn another $5,000 to $50,000 with their Rewards Program.
For the most part, Biglaw associate bonuses remain stuck at last year’s levels, reflecting expectations that firm profits will be flat at best. This might seem fair, with everyone feeling the pinch of the “New Normal” and so on. But when we take a small step back and see how these bonus numbers compare as a percentage of partner profits to the bonuses of just a few years ago, these bonuses are arguably pretty measly.
The current $10,000 “market” (i.e., Cravath-following) rate for first-years is just 0.29% of Cravath’s profits per partner (according to the American Lawyer). Back in 2007, first-year bonuses equaled 1.36% of PPP. In other words, the Cravath partnership was nearly five times more generous to its associates back then.
Obviously, Cravath is among the most profitable firms in the world. What are the implications of matching Cravath’s bonus scale for those firms with much lower profit margins? Today’s infographic takes a look at how big a hit to PPP partners willingly take in order to Keep Up With The Cravathians….
* Barack Obama is trailing George W. Bush when it comes to leaving his mark on the federal courts, but that’s probably because Senate Democrats didn’t go nuclear quickly enough. [Blog of Legal Times]
* When it comes to 2013, one thing’s for sure: it wasn’t boring. Many of this year’s movers and shakers hailed from top Am Law 100 law firms — like Ted Cruz (formerly of Morgan Lewis). [American Lawyer]
* John Ray III isn’t going to sit back and allow a jury to shut down his discrimination and retaliation case against Ropes & Gray. He filed a notice of appeal last week, and he’s pissed off. [National Law Journal]
* Utah has until the end of January to figure out how it’s going to go about defending its same-sex marriage ban before the Tenth Circuit. Just a thought: the “it’s still gay, even if the balls don’t touch” theory of law isn’t going to cut it. [Deseret News]
* A lawyer for the Texas judge accused of strangling his girlfriend is offering media outlets a superb defense story on behalf of his client. He wasn’t trying to kill her, he was trying to save her! [New York Daily News]