Are green shoots sprouting in Biglaw? Preliminary reports on summer associate offer rates suggest that the news isn’t all bad.
But even if things are improving, there’s no denying that the job market is still tough. Not every firm can boast a 100 percent offer rate (as we’ll be reporting in the weeks ahead).
So what should you do if you don’t get an offer from your 2L summer firm? Or what if the firm you summered at won’t get back to you about offers for a few months, effectively forcing you to participate in on-campus interviewing as a 3L? A reader requests:
[M]aybe you can write a post or create a thread about recruiting and interviewing tips for 3Ls this fall. I think there’s a severe lack of information. A lot of my friends don’t have jobs lined up after graduation but don’t know what avenues to pursue, since firms (inexplicably, in my opinion) find 3Ls anathema. This is in addition to the fact that most listed jobs require experience. Just a thought.
From a second correspondent:
I just ended finished my summer associate gig, and my firm (V20 in NYC) gave me a great review and a non-committal “we will discuss offers in the upcoming months.” I’m facing a terrible OCI at my school for 3Ls, a pretty dismal shot at a clerkship in any city I would ever consider living in, and pretty tough government employment prospects….
I know this is the same situation at least four of my friends are facing…. What should we do?
More commentary and a reader poll, after the jump.
Back when we worked at a law firm, one partner was obsessed with the concept of the “paperless office.” He wanted to have as many documents as possible scanned and stored electronically, in order to eliminate any unnecessary use of paper. It was a bit OCD of him, and his jihad against paper was viewed with mild amusement around the firm.
Perhaps this partner was ahead of his time. Back in 2006, law firms were described as the “last frontier in going paperless.” But now the trend is moving strongly in the direction of a paperless world. These days it seems that everyone wants to go commando.
* Drug case witness seduced and then killed, a practice happening with increasing frequency in the D.C. area. The killing that is, not the seducing. [Washington Post]
* Former Heller Ehrman partner denies allegations of $9 million in false profits. [Recorder]
* More ex-WolfBlockers find homes. [ABA Journal]
* ‘Biglaw will never be the same again.’ Yeah, yeah, yeah… so we hear. [Philadelphia Inquirer]
* Lat and Kash pair well in this way. But not in other important ways. [New York Times]
* Shocker! New docs show that senior Bush aides were involved in the U.S. attorney firings. [ABC News]
* We hope swine flu lawsuits aren’t contagious. [True/Slant]
[O]ur winning firms have more lawyers working reduced hours (8 percent versus 5 percent nationwide) and also employ more female equity partners, who share in their firm’s profits (20 percent versus 16 percent nationwide)–and that’s just for starters. We salute these firms for recognizing that making the legal profession work for women is good business for everyone.
* More thoughts on Doogie Howser Esquires like Kate McLaughlin, from Anna Holmes of Jezebel. [Jezebel]
* What does a fancy car say about the psychology of the owner? [Dealbreaker]
* What the heck is a “violence specialist”? Professor Alice Ristroph explains. [Concurring Opinions]
* For the bankruptcy law groupies among you: It’s a bird! It’s a plane! It’s… BAPCPA Man! [BankruptcyBill.us]
* You had us at “Saint Hillary.” [Law and More]
Frank DiPascali, the former CFO — chief fraudulent officer? — for Ponzi schemer extraordinaire Bernard Madoff, pleaded guilty today to a variety of charges, including securities fraud, falsifying records, and international money laundering.
Read more and comment over at Going Concern. Guilty Madoff CFO Update [Going Concern]
In 2007, a Sacramento radio station held an ill-fated “Hold your Wee for a Wii” contest. Participants had to drink massive amounts of water and then hold it in to win the video game system. They were asked to drink eight 8-ounce bottles every 10 minutes, followed by 16-ounce bottles every 10 minutes, over a three-hour period. Jennifer Strange, 28, a mother of three, died as a result of the contest, of water intoxication.
Strange’s death has resulted in a waterfall of lawsuits. From the Sacramento Bee:
Since the contest, the radio station’s owners have fired 10 people, including the DJs involved; Strange’s fellow contestants developed what they say is an irrational fear of water and sued the broadcaster; Strange’s husband and children filed their own wrongful-death suit; and lawyers involved have submitted thousands of pages of claims and counterclaims.
Those suing say they have myriad problems: limited ability to drink water, trouble listening to the radio, sleeplessness, anxiety, depression, and the inability to ever play the Wii.
Even the winner of the Wii emerged a loser….
This email messages from a reader is representative of many we’ve received, as well as many comments on recent posts:
As a Biglaw summer associate waiting to hear about my future, I’d really like the site to focus on and publicize firms that give offers to all or most of their summer classes. [Last week's] story entitled “Summer Offer Rate Open Thread” generated tons of discussion at my firm from associates and summers.
I know it will likely not control any hiring partner’s decisions, but you realize your site generates buzz and has some say in how students/other associates view firms. If you continue to publish summer offer rate stories, both good and bad, the site may be able to contribute to a higher summer offer percentage. Good job otherwise, I’ll keep reading.
You want to talk about summer associate offer rates? Fine, let’s talk about summer associate offer rates. Here’s the eagerly awaited follow-up to our earlier post on the subject. Have at it, in the comments.
We’ll kick off the discussion with some positive news. Negative news, at least under one of our bylines, will come later. Before we report out negative news, we need to talk to the firms in question first — you know, due process, journalism ethics, etc. That reporting will take time. We’re a small operation, and we’re short staffed this week, with Elie out on vacation. (If YOU want to share negative news on offer rates, of course, feel free to post in the comments.)
But who wants to hear negative news anyway? Get your fix of happily high offer rates, after the jump.
Are you a fan of the show Mad Men? We’ve only seen one episode, on an airplane, but we’ve heard great things. Television critics have praised it to the heavens. Our colleagues at Fashionista are also big fans.
So are many law students and lawyers. Meet Leo Mulvihill (below left), a law student at Drexel in Philadelphia, and Jon Rich (below right), a lawyer in New York:
Both have submitted their photos to the Mad Men casting call contest.
Find out how the contest works, after the jump.
This seems to be the summer of spitting-mad law school students. Perhaps economic pressures and Biglaw angst are to blame for flaring tempers.
In July, the UVA Law Student Spitter tangled with the police after a night of drinking. Now, a Stetson Law student working at a Tampa law firm has one-upped her.
From the St. Petersburg Times:
John H. Moran, 26, is charged with resisting an officer with violence, battery on a law enforcement officer, assault and battery and is being held at the Pinellas County Jail in lieu of $10,400 bail.
Moran spit blood on police officer Daniel Godsall while he was restrained in the emergency room. Moran struck Godsall in the face while proclaiming that he had AIDS, HIV and hepatitis, police said.
Moran continued to kick at officers as he was doused with pepper spray and subdued with a Taser, police said.
Moron Moran had just started working for Keefe Law Group. How’d he get into this mess, and what’s his future with the firm?
Yesterday, we wrote about a Washington Post article profiling a layoff consultant who advises companies on conducting mass firings. The article caught our attention because one of those who called Kim Hall of the Five O’Clock Club during the course of the article was a “law firm in Manhattan,” planning a third round of layoffs in August with more to come in the fall.
We invited you to speculate as to the identity of the firm. Law Shucks (the layoff tracking blog with whom we frequently “team up“) compared the information in the article with data from the Layoff Tracker:
Here’s the list of law firms in Manhattan that have had two layoffs (we’re assuming layoffs of lawyers) reported this year:
* Dewey & LeBoeuf
* Fish & Richardson
* Loeb & Loeb
* Mayer Brown
* Morgan Lewis & Bockius
* Schulte Roth & Zabel
* White & Case
The latest Biglaw trend, as the recession rolls on: canceling summer associate programs. Thus far, to the best of our knowledge, only a handful of firms have canceled their summer programs. But we believe that (1) additional firms have already done so but are keeping quiet about it, and (2) more firms will announce cancellations in the weeks ahead, as we approach fall recruiting season.
We’re aware of two new firms that have canceled their summer programs for 2010, in whole or in part. First, Dorsey & Whitney will not be hosting summer associate programs in cities other than Minneapolis. From a firm spokesperson:
Dorsey & Whitney has determined to suspend summer programs in our offices outside Minneapolis in 2010. This action is not an expense reduction measure. Rather, we plan to meet our clients’ needs through the services of our current associates, our new associates starting in the fall and future associates from our summer classes.
Thank you for your interest in Quarles & Brady LLP. At this time we are not currently accepting applications for the 2010 Summer Associate Program. Due to the changing economic environment, and our commitment to our 2009 entry-level associates who will be joining the firm in January 2010, the firm has decided to suspend the 2010 Summer Associate Program. Quarles & Brady remains committed to law school recruiting and entry-level hiring, and we hope you will consider applying in the future.
We wish you the very best this recruiting season!
Readers, what do you think of firms canceling summer programs? Let’s discuss.
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: firstname.lastname@example.org.
We currently have a very exciting and rare type of in-house opening in China at one of the world’s leading internet and social media companies. Our client is looking for an IP Transactional / TMT / Licensing attorney with 2 to 6 years experience. The new hire will be based in Shenzhen or Shanghai. Mandarin is not required (deal documentation will be in English) but is preferred. A solid reason to be in China and a commitment to that market is required of course. This new hire will likely be US qualified (but could also be qualified in UK or other jurisdictions) and with experience and training at a top law firm’s IP transactional / TMT practice and could be currently at a law firm or in-house. Qualified candidates currently Asia based, Europe based or US based will be considered. The new hire’s supervisors in this technology transactions in-house team are very well regarded US trained IP transactional lawyers, with substantial experience at Silicon Valley firms. The culture and atmosphere in this in-house group and the company in general is entrepreneurial, team oriented, and the work is cutting edge, even for a cutting edge industry. The upside of being in an important strategic in-house position in this fast growing and world leading internet company is of the “sky is the limit” variety. Its a very exciting place to be in China for a rising IP transactional lawyer in our opinion, for many reasons beyond the basic info we can share here in this ad / post. This is a special A+ opportunity.
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When Chintan Panchal decided to leave a global BigLaw partnership to start his own firm, he could only hope that he would face the high-quality problem of firm building that many had cautioned him about. Focused on the uncertainty surrounding of a new firm launch, he decided to tackle staffing needs, IT challenges, and financial planning requirements after he had built up his legal practice.
Panchal Associates LLP–a corporate/finance and outside general counsel boutique–was quickly off to a great start. Clients and matters were flying in the door, and Chintan soon had a team of lawyers and staff with a variety of operational needs. To continue building an excellent team and provide them with a competitive benefits package, to expand his physical presence to include a European practice and additional partners, and to scale his operations and IT capabilities to support this growing enterprise brought with it demands of time, money, and expertise. Chintan knew he needed help.
“With the assistance of NexFirm, we have upgraded the capabilities of our firm to meet, and in some cases exceed, the standards we were used to at our former BigLaw firms. Operationally, we can now attract and service clients we didn’t have the bandwidth to support in the past, and continue to build our team with the best and brightest legal talent in the industry,” said Chintan Panchal, adding “It has worked out quite well in our case; NexFirm is an essential partner for us.”
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