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 seven years. You can reach them by email: email@example.com.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.
If you are considering a virtual law practice, you know that many of today’s solo firms started that way. But why are established, multi-attorney law firms going virtual?
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:
Reduces malpractice risk
Enables you to gather the best attorneys to fit the firm, regardless of each person’s geographic location
Leverages mobile devices and cloud technology to enable on-the-spot client and prospect communication
Transitioning in-house is something many (if not most) firm lawyers find themselves considering at some point. For many, it’s the first step in their career that isn’t simply a function of picking the best option available based on a ranking system.
Unknown territory feels high-risk, and can have the effect of steering many of us towards the well-greased channels into large, established companies.
For those who may be open to something more entrepreneurial, there is far less information available. No recruiter is calling every week with offers and details.
In sponsorship with Betterment, ATL and David Lat will moderate a panel about life in-house and we’ll hear from GCs at Birchbox, Gawker Media, Squarespace, Bonobos, and Betterment. Drinks, snacks, networking, and a great time guaranteed. Invite your colleagues, but RSVP fast, as space is limited.