Above the Law

Recent Headlines from Above the Law

 

Although Am Law and ATL covered the story first, the long spread in The New York Times alerted the whole world to the woes of Gregory Owens, a former Dewey partner who’s now a bankrupt non-equity partner at White & Case.

The legal blogosphere naturally lit up over this story, with Scott Greenfield dispensing his usual simple justice and the Volokh Conspirators (and their many commenters) debating Owens’ personal and professional worth.

But my emailbox filled up, too, with assorted reactions from people at all levels in the law. The most interesting rant — and the one I’m sharing with you today — came from a person who looks a lot like Owens; he or she is a non-equity partner at a Vault 50 firm who’s in his or her 50s. This person disagrees violently with the conventional wisdom about non-equity partners. My correspondent sings their praises and insists that both law firms and many law firm consultants terribly misjudge the value that non-equity partners provide to their firms. . . .

double red triangle arrows Continue reading “A Non-Equity Partner’s Rant”

Let’s be honest: despite being the Biglaw version of the Titanic, the collapse of Dewey & LeBoeuf could have been worse. Even though the Dewey dissolution constituted the largest law firm collapse in history, many D&L lawyers and staff were able to find new employment. Even Steve Davis, the disgraced ex-chairman of Dewey, landed a new gig.

But not everyone emerged unscathed. Some attorneys and staffers never got back on their feet professionally. Many Dewey partners scored new positions, but not all of them took all of their people with them to their new firms.

And even some partners are still suffering. In fact, one former Dewey partner, now a partner at another major law firm, recently filed for personal bankruptcy….

(Please note the UPDATE at the end of this post.)

double red triangle arrows Continue reading “Dewey Know A Biglaw Partner Driven Into Personal Bankruptcy By The Firm’s Collapse?”

In an era when “disruption” is celebrated, the world of large law firms is one of the last redoubts of conventional wisdom. For a uniquely rule- and precedent-bound profession, this makes sense. Biglaw’s conventional wisdom has the added virtue of being reliable. For example, we can count on Cravath taking the lead — at least chronologically — on bonuses, and for DLA Piper to have the most random Third developing-world offices.

Another reflection of conventional wisdom is the way in which Biglaw lends itself to — and revels in — superlatives and rankings. There tends to be a generally acknowledged and perennially dominant player (or a few) in most practice areas: Wachtell Lipton for M&A, Weil Gotshal for Chapter 11 work, Patton Boggs for lobbying, and so forth. There’s no doubt that many worthy firms get overlooked.

Last year we took a look at which firms’ practice groups were considered “underrated” by peers in the field. Among the notable 2012 nominees: Cahill for corporate law, Arnold & Porter in litigation, and Proskauer for its bankruptcy and tax practices.

We wondered whether the same practice groups were still considered by practitioners to be unfairly underrated. Or are there other firms deserving more recognition?

double red triangle arrows Continue reading “Biglaw’s Most Underrated Firms by Practice Area”

Ed. note: This is the latest installment in a series of posts on lateral partner moves from Lateral Link’s team of expert contributors. Today’s post is written by Michael Allen, the Managing Principal of Lateral Link, who focuses exclusively on partner placements with Am Law 200 clients.

Near the entrance of the Calyon Building, the previous headquarters of Dewey & LeBoeuf, lies Jim Dine’s “Looking Toward the Avenue,” a triumvirate of headless statues inspired by the Venus De Milo. Where lie the visages of this homage to the prototypical form of Venus and furthermore, in the aftermath of Dewey, where have the pieces of this former empire landed?

Since May of 2012, there have been numerous articles inciting gossip and foretelling the troubles of Biglaw, but few have offered a retrospective of the overall trends in lateral moves from Dewey since the closure of the firm. The “largest winner” of the Dewey sweepstakes was Winston & Strawn, which added 23 partners (about 11% of those who moved in the final month), including Jeffrey Kessler, a titan of antitrust law who has represented every players’ union in the “big four” sports in the United States. Approximately seventy lawyers followed Kessler’s group.

Which other firms fared well in picking up Dewey lawyers?

double red triangle arrows Continue reading “Where Did Dewey & LeBoeuf’s Big-Name Partners Land?”

We’ve just entered August, so you know what that means: the start of on-campus interviewing season. If you’re a law student researching firms or a lawyer involved in your firm’s recruiting efforts, check out Above the Law’s law firm directory, where law firms get letter grades in different categories. Law firms might look alike on the surface, but there are very real differences between them, as our grading system reflects.

For example, law firms diverge when it comes to diversity. While every firm gives lip service to diversity, some firms have the goods to back up their claims, while others do not.

Let’s check out the latest diversity rankings, from two different news outlets, to see which firms are truly diverse….

double red triangle arrows Continue reading “The Best Law Firms for Diversity (2014)”

When my late grandmother heard I was going to law school, she recommended that I go into matrimonial law. It was her view that in a divorce, the real winner isn’t the husband, or the wife, but their attorneys: “The couple ends up with nothing, the lawyers end up with everything!”

That’s not exactly true. My grandmother — who worked as a doctor and not a lawyer, in a country that doesn’t have divorce — was hardly an expert on family law.

But there’s no denying that some divorces are very expensive for the couples — and very lucrative for the lawyers. One Biglaw partner and his (soon to be former) wife have racked up seven figures in legal bills. And they’re not even done yet….

double red triangle arrows Continue reading “A Biglaw Partner’s Big-Ticket Divorce Bill”

The subject of reparations for slavery has spawned lawsuits, critical inquiry, (affiliate link), and threw a wrench in the Bartlet administration’s plans.

So far, the idea has gained little traction, probably because companies like Aetna really like all that compound interest earned on the backs of treating human beings like chattel, thank you very much.

The subject also sets the stage for a new novel in this week’s look at career alternatives for attorneys, from our friends at Bloomberg Law

double red triangle arrows Continue reading “Career Alternatives for Attorneys: Novelist”

We frequently discuss the various issues that women face in Biglaw. Whether it’s a lack of salary parity, a lack of leadership roles, a lack of understanding that sometimes women have babies, or a lack of opportunities for promotion to partner, women just can’t seem to get the respect that they deserve.

And maybe that’s just because, like it or not, much of Biglaw is still a good ol’ boys’ club. After all, it’s not too often you hear men complaining about the fact that they’ve been passed over for partner year after year after year, or that they aren’t paid on par with their female colleagues.

One major firm’s satellite office seems to be a case study on this subject….

double red triangle arrows Continue reading “Which Biglaw Office Has Promoted Only One Woman to Partner in 25 Years?”

Lawyers are obsessed with rankings and prestige, especially those that have to do with emerging markets in the eastern hemisphere. It’s a new year, so the folks at Asian Lawyer decided to start it off with a new rankings system for Biglaw firms, both American-based and those indigenous to the Asia-Pacific region.

Although Asian Lawyer evaluated firms using several different metrics (total attorney headcount of firms based in the Asia-Pacific region, biggest American firms with lawyers in the region, biggest European firms with lawyers in the region, and most attorneys by headcount of any firm in the region), we only really care about two of them.

The most some Americans know about the region is that they’re fans of the delectable cuisine, but can U.S. law firms hang with the Asiatic big boys? No matter how many firms tell you it’s the motion of the ocean that counts, size does matter for the purposes of these rankings….

double red triangle arrows Continue reading “Which U.S. Firms Ranked in the Asia 50, the Largest Law Firms in the Asia-Pacific Region?”

Bonus announcements continue to trickle in. Today brings bonus news from White & Case.

It’s not terribly exciting. For associates in New York, the firm is matching the Cravath scale (just as Morrison & Foerster did the other day).

When are the bonuses going to be paid? And what about associates beyond the Big Apple?

double red triangle arrows Continue reading “Associate Bonus Watch: White & Case Matches (in New York)”

  • OCI Locations

    from the firm

    July 27
    Bay Area Diversity Career Fair (SV)

    July 29
    Penn Job Fair (LA)

    July 31
    Emory Job Fair (NY)

    August 1
    New York Interview Program (NY)
    - Tulane
    - Vanderbilt
    - Washington University

    August 2
    Loyola Chicago Patent Fair (NY, SV, DC)

    August 5
    UCLA (LA, SV)

    August 6
    Berkeley (US)
    Cornell (NY)

    August 7
    Brooklyn (NY)
    Hastings (SV)

    August 8
    USC (LA)

    August 9
    BC/BU Job Fair (NY)
    GWU Job Fair (NY)
    Loyola (LA)
    Washington & Lee/William & Mary Job Fair (NY)

    August 10
    Mid-Atlantic BLSA Job Fair (DC)

    August 12
    Howard (NY, DC)
    Santa Clara (SV)
    Virginia (MI, NY, DC)

    August 13
    American (DC)
    Columbia (LA, MI, NY, DC)
    Duke (MI, NY, DC)
    Florida (MI)
    Georgetown (MI, NY, DC)
    GWU (DC)

    August 14
    Harvard (MI, NY, DC)
    Miami (MI)
    NYU (LA, MI, NY, DC)
    Penn (MI, NY, DC)
    Yale (US)

    August 16
    Northeast BLSA Job Fair (NY)

    August 19
    Michigan (NY)
    Northwestern (MI, NY)

    August 21
    Fordham (NY)
    Stanford (SV)

    August 22
    Chicago (DC)
    Florida State (MI)

    August 26
    Notre Dame (NY)

  • Incredibly Scientific Poll

    What source are you using to find jobs?

    View Results

    Loading ... Loading ...