Money
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Biglaw, Clerkships, Money, Skaddenfreude
Skaddenfreude: A Clerkship Bonus Special Report
This is the rather belated update to our earlier report on the clerkship bonus policies of large law firms. We apologize for the delay, and we thank you for your patience and your tips. A summary of our findings: 1. No large law firm has matched the new Sullivan & Cromwell clerkship bonus of $50,000 […] -
Aaron Charney, Biglaw, Gay, Jews, Kids, Money
Brokeback Lawfirm: More Speculation on the Charney Family Fortune
Our recent post about Aaron Charney and his well-to-do family background generated tons of discussion (about 90 reader comments). We’d like to pass along two pieces of additional information on the subject. From a tipster who went to the same temple in the Syracause area (Temple Adath Yeshuran) as the Charney family: “The Charneys do […] - Sponsored
Law Firms Now Have A Choice In Their Document Comparison Software
Six months on since its launch, over 200 firms worldwide are now using Draftable Legal for accurate and reliable document comparison, including UK Top 50… -
Biglaw, Money, Skaddenfreude
Skaddenfreude: Anything Going On?
There were a few salary-related comments appended to our administrative post from yesterday. E.g., these comments about McGuire Woods. So we figure we might as well create an open thread for such discussion. If you have any information or comments about compensation-related matters, please note them here. Also, rest assured, we have not forgotten about […]
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Anna Nicole Smith, Celebrities, Kids, Larry Seidlin, Money, Trusts and Estates
Oh Crap. This Baby Ain't Worth Millions? Then You Take Her!
Here’s an interesting analysis of the underlying merits of the litigation over J. Howard Marshall’s estate. It contains some bome bad news for Anna Nicole Smith’s infant daughter, Dannielynn. From a Legal Times piece by Professor Horace Cooper (who narrowly missed being a colleague of Kiwi Camara, and probably isn’t unhappy about that): [T]here is […] -
Andrew Cuomo, Eliot Spitzer, Law Schools, Money
'Preferred Lenders' for Financial Aid: A Big Racket?
New York’s new Attorney General, Andrew Cuomo, has some big shoes to fill. Governor Eliot Spitzer, during his time as New York AG, was a very busy bee. It looks like Cuomo has found a juicy scandal to sink his teeth into — one with possible implications for many of the law students among you. […] -
Biglaw, Media and Journalism, Money, Skaddenfreude
Skaddenfreude: The NYLJ Gets With the Program
We will soon be posting an update to our earlier, draft report on clerkship bonuses. Thanks to everyone for all the tips, corrections, and additions. If you have info to share, please email us (subject line: “Clerkship Bonus”). In the meantime, here’s another useful little resource for you. It was sent to us by a […] -
Biglaw, Boutique Law Firms, Federal Government, Job Searches, Law Schools, Money
Law Students Having A Cake and Eating It, Too
That’s what the student group discussed in this WSJ Law Blog post should be renamed. Here’s our candid take. A lot of what these students are looking for — in terms of reduced hours and improved work-life balance, in exchange for a smaller paycheck — already exists. It can be found by working for a […] -
Anna Nicole Smith, Celebrities, Money
Celebrity Justice Doesn't Come Cheap
Are you an in-house counsel concerned about skyrocketing legal fees? Hire TMZ.com to audit the bills you get from outside counsel. Yes, TMZ — the celebrity gossip website. As they show in their recent dissection of the legal bills submitted by Debra Opri to Larry Birkhead — one of Anna Nicole Smith’s former lovers, who […] - Sponsored
Why Do AI And Legal Professionals Make The Perfect Partnership?
For many legal departments, generative AI is the technology they’ve been waiting for. -
Biglaw, Clerkships, Money, Skaddenfreude
Skaddenfreude: A Special Report on Clerkship Bonuses
Last week, we asked you for information about the clerkship bonus policies of large law firms. We also made a few phone calls and sent out a few emails, to obtain information from the law firms themselves. A summary of our findings: 1. No large law firm has matched the new Sullivan & Cromwell clerkship […] -
Biglaw, Money, Private Equity, Wall Street
Thank Private Equity for That Raise of Yours
If you look up the term “private equity” in Black’s Law Dictionary, the entry reads: “Lucky bastards who make three times as much as you do, even though you graduated from college at the same time.” But perhaps lawyers should think warm-and-fuzzy thoughts, as opposed to envious and resentful ones, about private equity types. Today’s […] -
Biglaw, Money, Skaddenfreude
Skaddenfreude: Seyfarth Shaw Leaves the List of Shame
Hey, guess what? Seyfarth Shaw held some “focus groups” with its associates, and the focus groups told them: WE WANT MORE MONEY!!! And Seyfarth Shaw, despite prior expressions of reluctance, decided to go along. Their memo, announcing associate pay raises, appears after the jump. -
Biglaw, Money, Skaddenfreude
Skaddenfreude: What's Up With Squire Sanders?
When we were drawing up our LIST OF SHAME (latest version here), Squire Sanders & Dempsey got dropped along the way. To make the list more manageable, we limited it to firms with a significant New York presence. Some readers appealed that decision. These two comments are representative: “The updated List of Shame doesnt include […] -
Crime, Department of Justice, Money, Screw-Ups, Tax Law, White-Collar Crime
This Is Why Cite-Checking Matters
Little things matter in the legal profession. A typographical error can cost you $40,000. A misplaced comma can be worth hundreds of thousands. And citing the wrong statute can lead to a nine-figure loss. From the AP: Poorly written Justice Department documents cost the federal government more than $100 million in what was supposed to […]
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Generative AI In Legal Work — What’s Fact And What’s Fiction?
Zach Warren from the Thomson Reuters Institute discusses the potential and the pitfalls.
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Law Firms Now Have A Choice In Their Document Comparison Software
Six months on since its launch, over 200 firms worldwide are now using Draftable Legal for accurate and reliable document comparison, including UK Top 50…
Sponsored
Why Do AI And Legal Professionals Make The Perfect Partnership?
For many legal departments, generative AI is the technology they’ve been waiting for.
Sponsored
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AI’s Impact On Law Firms Of Every Size
How solo lawyers, midsize firms, and global large law firms have an opportunity to adjust the way they work.
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How Transactional Lawyers Can Better Serve (And Maintain) Their Clients
Sign up and join us for our CLE webinar. From importing your checklist to delivering the closing book, you can bolster client service throughout the…
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Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Skaddenfreude: Clerkship Bonus Information, Please
On the heels of Sullivan & Cromwell’s announcement of its new $50,000 clerkship bonus, we will endeavor to find out what other large law firms are doing on this front. If you know your law firm’s current clerkship bonus policy, please email us (subject line: “Clerkship Bonus”). We will serve as a clearinghouse for clerkship […] -
Abortion, Attorney Misconduct, Craigslist, Law Schools, Money, Non-Sequiturs, Rudeness, White-Collar Crime
Non-Sequiturs: 03.23.07
* With the advanced state of medical technology, it won’t be long before some pol subjects every pregnant woman to a recording of her fetus pleading, “Please, Mommy, don’t kill me!” [MSN] * What on earth was he planning on doing with all that money? I’m thinking a tragic Gatsby-esque scenario. [ABA Journal E-Report] * […] -
Biglaw, Intellectual Property, Money, Skaddenfreude
Skaddenfreude: The IP Shops
Here’s an open thread to discuss compensation developments at intellectual property firms. We’ll kick off the discussion with this tip: Morgan & Finnegan (following competitors Dickstein, Fitzpatrick Cella, Kenyon & Kenyon, and Fish & Richardson) is now at $160,000/year effective April 1. Most of the associates are in the New York office, so I’m not […] -
Biglaw, Clerkships, Money, Skaddenfreude
Sullivan & Cromwell: Great Clerkship Bonus, Crappy Gift Basket
Earlier this week, we wrote about Sullivan & Cromwell’s new $50,000 clerkship bonus. We have confirmed this news with multiple sources, so you can take it to the bank. This message about the S&C clerkship bonus bump included an amusing digression: “You may be interested to know that S&C just called its incoming associates who […] -
Biglaw, Money, Reader Polls, Skaddenfreude
Are First-Year Associates Overpaid?
That’s the question raised here, by Susan Hackett of the Association of Corporate Counsel, and here, by Andrew Ross Sorkin of the New York Times. Time for an ATL reader poll. Many of you are either first-year associates or law students who will soon become first-year associates. So we can guess how you’ll vote. But […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Skaddenfreude: Sullivan & Cromwell's Clerkship Bonus
Word on the street is that Sullivan & Cromwell is now paying a $50,000 clerkship bonus. In addition to Greedy Clerks, the news has surfaced in comments on this blog, and we’ve also heard about it via email. So the tip seems fairly reliable to us. We first learned the news from a tipster with […] -
Biglaw, Money, Skaddenfreude
Skaddenfreude: The Final Five
As we head into another weekend, here’s the latest LIST OF SHAME. We’re down to only five firms (Vault 100 ranking on the left, AmLaw 100 ranking on the right): 43. Baker & McKenzie (3) 82. Reed Smith (33) 83. Dorsey & Whitney (68) 86. McGuireWoods (65) 100. Seyfarth Shaw (66) If any of these […]