We just wanted to remind you that the polls are open until Sunday for the Sweet (Safe) Sixteen round of ATL March Madness for Law Firms. It’s our NCAA-style tournament to crown Biglaw’s safest firm — the place where you are least likely to be laid off.
Sixteen firms remain. Some of the match-ups are tight ones.
A faithful ATL reader who goes by the moniker Lord Oberon has been chosen to weigh in as a guest commentator. ATL’s Dick Vitale has compiled stats from the AmLaw 100 survey for the March Madness firms. Here’s Oberon’s round-up, baby!
Of the sixteen we have information on, there are five that have posted gains in profits, number of equity partners, and PPP. In order of PPP (the order doesn’t change if you use 08 or 09 PPP), they are: Paul W – Kirkland – Debevoise – Cleary – Gibson
Of all the March Madness firms we have information on, there are three that have NOT posted gains in profits, number of equity partners, or PPP. In order of PPP they are: Cravath – Latham – Shearman & Sterling
There are seven March Madness firms that posted revenue above $1 Billion. Of those firms, Weil and Latham have reduced the number of equity partners; Skadden and Latham have reduced PPP; and Latham reduced gross revenue.
Two firms increased the number of equity partners, but lost revenue and PPP: Fried Frank – Milbank Tweed
Eight firms increased the number of equity partners, but lost PPP: Skadden – WilmerHale – MoFo – Paul Hastings – Sullivan – Davis Polk – Fried Frank – Milbank Tweed
Use the statistics as you will. Vote with your head. Or vote with your heart. Either way, vote for Biglaw’s safest firms, and check out the brackets, after the jump. Polls close Sunday at midnight.
Tonight, the “real” Sweet Sixteen games will play out on NCAA courts. Here at ATL, the NCAA-styled ATL March Madness for Law Firms continues. Sixteen firms remain in the tournament hoping to be crowned Biglaw’s safest — the place where you’re least likely to get laid off.
Thirty-two firms entered the tournament, based on Vault prestige rankings. Thousands of ATL readers voted to eliminate sixteen firms in the first round. There was only one upset of a higher-ranked seed: Linklaters (V26) beat Latham (V7). The Magic Circle firm’s magic run may not last though. Kirkland has a solid lead over the UK-based firm at the moment.
Last week, we brought you our NCAA-tournament style March Madness for Law Firms. We took the top 32 firms from the Vault prestige ratings and asked you to vote on which firms were the “safest” — the places where you’re least likely to get laid off.
After RoundOne, we’re down to the Sweet (Safe) Sixteen.
The higher-ranked teams firms won in all of last week’s contests but one: Magic Circle firm Linklaters (V26) upset 2008 March Madness tournament champ Latham (V7). Sadly, Latham’s bench was not as deep this year. Apparently, voters disagreed with this line of reasoning.
There were two particularly close matches. As predicted by one commenter:
Gibson v Wilmer in the first round is gonna be a close race.
Gibson Dunn won out, but barely, while Kirkland eked out a victory over Jones Day.
The most popular match with 6226 votes was Ropes & Gray vs Davis Polk & Wardwell. Check out which firms advanced, and vote on the first four match-ups of the Sweet Sixteen round, after the jump.
We started our ATL March Madness for Law Firms on Tuesday. Through this NCAA-style tournament, with brackets and seeding, we will crown Biglaw’s safest firm — the place where you’re least likely to get laid off. Yes, we know it’s irreverent; but we’re a legal tabloid. Irreverence is what we do.
This year, we’re posing a more important question. We are asking you to vote to decide which of the firms is the safest. Where are you most likely to keep your job?
Here are the brackets:
Voting on the first eight match-ups started on Tuesday; now, we bring you the face-offs between the other 16 firms at the top of the Vault. Polls close on Sunday. You vote to determine who will go to the Sweet (Safe) Sixteen, after the jump.
The NCAA basketball tournament starts up this week. If your team is already out, or you’re only half-heartedly rooting for your team (Sigh. Go Duke.), we are offering you a different contest to take part in. And this is better than the NCAA tournament, because you’re not just a sixth man watching from the sidelines; you get to determine the course of the tournament through voting.
We’ve held March Madness NCAA-tournament style competitions before. UVA won the 2007 competition for coolest law school, and last year Latham eked out a victory over Cleary for coolest law firm.
Since Latham recently, um, cut a number of players from its team, we don’t think we can let it keep its crown, so we’re revisiting Biglaw firms with the 2009 ATL March Madness tournament. But rather than comparing “cool,” in a nod to the current climate, we are comparing “safe.” We bring you….
ATL MARCH MADNESS FOR LAW FIRMS!!! WHICH FIRM IS THE SAFEST???
We’ve set up brackets based on Vault seeds. Thirty-two firms are entering the tournament. We invite you to vote on which firms are better at lay-ups than layoffs. At which firm are you least likely to lose your job?
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.