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.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at firstname.lastname@example.org or email@example.com. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
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For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
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● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!