Latest Stories

smoking.jpg* Joe the Plumber finally makes it all the way to the top … tax story of 2008 at least. [TaxProf Blog]

* Apparently there’s a law firm out there that goes by the name of “Real Lawyers at Affordable Prices, Fresno.” [Legal Pad]

* If there was one place you should talk like a lawyer, I thought it would be while you were in police custody. If there were two places you should talk like a lawyer, I thought the second place would be “in court.” But maybe I’m wrong. [ABA Journal]

* Not all cigarettes have to be “light” cigarettes. This is great news for teenage smokers who still wish to distinguish themselves from far less cool adult smokers. [The Volokh Conspiracy]

ATL 2008 in review.jpgContinuing with our rundown of the top ten Biglaw stories of 2008, we reach our fourth place story on the business end of things: the dramatic reduction of associate bonuses.

Bonus news is always a big deal around these parts, and based on the way that the 2008 bonus season started, it looked like there might be a fight for control of the New York market. Skadden led off with bonuses that matched 2006 levels (or 2007 levels, minus the “special bonus” portion). At the time, Skadden wasn’t sure they’d be at the top of the market. Skadden’s bonus memo included the following language:

The Firm has historically paid its associates at the “top of the market” in their respective local markets. While we do not know what other firms will do this year with regard to paying a supplemental bonus, we believe that our bonuses this year should be limited to the year-end discretionary bonus. What we will do in the future years, will, of course, depend on business conditions at the time and competitive compensation.

There were more than a few people who thought other firms might come in above Skadden. That didn’t happen. Instead, Cravath happened.

Half-Skadden sets the market, after the jump.

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law firm associate bonus watch 2008 biglaw bonuses small.jpgLet’s start off 2009 with some good news. Litigation boutique Kasowitz Benson announced bonuses just before the New Year, and will be paying out Skadden dollars at the end of the month.

So don’t stick a fork in the New York market just yet.

Associates at Kasowitz are understandably ecstatic:

It really is a fantastic place full of extremely smart trial lawyers that sometimes litigate, as opposed to all of the other firms where litigators sometimes do trial work.

There are a couple of wrinkles. Unlike Skadden, the Kasowitz memo contains language saying that bonuses will be “up to” Skadden levels. According to the firm, individual payouts will be based on a couple of factors:

As in prior years, the above are benchmark amounts which are subject to adjustment to reflect individual performance and hours worked.

Still, our tipsters expect that most people will receive the full amount:

I have never heard of people not getting the full amounts that are stated. We are crazy busy and have been so I would say most will.

The mere opportunity to receive an above market bonus should be enough to have Kasowitz associates singing the firm’s praises well into the new year.

Read the full Kasowitz memo after the jump.

double red triangle arrows Continue reading “Associate Bonus Watch: Kasowitz Matches Skadden! Sort Of!”


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* London-based law firm Linklaters was the leading law firm in mergers and acquisitions this year, taking the number 1 title from Sullivan and Cromwell. [Bloomberg]

* Former UK attorney general Lord Goldsmith says the UK should take in prisoners from the Guantanamo Bay prison camp if it will help the U.S. close the prison. [BBC News] Australia is not likely to take any prisoners says prime minister Kevin Rudd. The U.S. has asked a 100 countries to help clear the prison. [BBC News]

* Guinea pigs may smell bad but should you go to jail for owning one? Probationers in California could end up in jail for failing to report owning harmless pets like hamsters or goldfish thanks to a ruling by the California Supreme Court. [San Francisco Chronicle]

* A chinese court convicted 11 people for running a counterfeiting ring that “manufactured and distributed pirated Microsoft software throughout the world.” [The New York Times]

* Associates were not the only people in the legal community that were displeased with compensation this year. Federal judges lost their request to Congress for a pay raise to account for inflation. Chief Justice John Roberts says the frightfully low pay for judges threatens the quality of the court. [The Los Angeles Times]

* Life at law firms is not looking good for 2009, sorry to say. Lay-offs and lower bonuses will likely continue in the New Year. On the bright side–less work could help you meet that New Year’s resolution to go to the gym. [The Chicago Tribune]

ABA Journal Blawg 100 2008 badge.jpgDear readers, welcome to 2009. The year just ended was a difficult one, for the legal profession and for the country as a whole. Let’s hope the new year brings better news.

But will it? Take our reader poll below, and offer your specific predictions about 2009 in the comments.

If you’d like to help Above the Law get the year started on the right foot, please do us the honor of voting for us in the ABA Journal’s Blawg 100 contest. Voting ends tomorrow, so this will be the last time we’ll bother you with a plug. To vote, click here.

Happy New Year!

ATL 2008 in review.jpgAs we savor the final hours of 2008, it’s time to look back at some of our favorite people this year: the commenters.

In today’s ATL / Lateral Link survey, it’s time for you to pick the 2008 ATL Commenter of the Year.

Your nominees for Commenter of the Year, and select comments explaining why, are as follows:

nomnomnomno128391045611718750.jpg1. Count Layoffula

One! One Reason!

 

six. six times he has made me laugh aloud

 

Turns the frightening inevitability of layoffs into a moment for comedy; not easy to do. Very clever idea, keeps character, funny as hell. Wildly popular on this board. Hands down the Commenter of the Year.

2. Douche Patrol

He’s the only commenter that gives a sense of order to the otherwise chaotic commentary. His commentary is also always dead-on.

3. FRAT STUD

Because guys in my high school used to vote for FRAT STUD all the time. It was no big deal.

4. Fraternity Lothario

Hilarious, dry, terrific writer. Captures both the essence of ridiculous, in-joke ATL commenting while bringing genuine criticism to the issue of every post. As long as you give the award to the guy who burned up the comments all spring, then left (on a sailing trip? to become a pirate?) this summer with a formal farewell, you would be giving the award to a commenter whose work is Oscar-worthy.

 

Although his posts have been less frequent, no one is more eloquent (e.g. ATL EIC) while comically germane.

5. Glass Cock

avatar is amusing, and attitude rocks

6. Guest

The most insightful and informed comments are consistently made by Guest. Everything else is trash.

 

Most comments, most firsts, most everything. Guest rocks.

7. Jack Bauer

He’s funny without being offensive or annoying. In the words of the ATL editor “consistently brilliant.” Finally, do you think that it’s a coincidence that when the legal industry is facing it’s darkest hour, Jack is back?

 

I don’t know any other person who would take the LSATs, apply and go to law school, purely to infiltrate BIGLAW to get information leading to the takedown of a suspected traitor to this nation.

8. Nervous T-10 1L

Personifies the economic doom and fear among law students. Also kinda funny.

 

he’s the post-modern Loyola 2L of the apocolypse

9. Commenter 83 in the interview horror stories thread.

“Where I remain to this day.” Priceless!

Technically, commenter 83 was actually “Guest,” but it wouldn’t be an official ATL reader poll if we didn’t give Guest an opportunity to comment about the unfairness of the poll. Also, that comment really was . . . something.

Having a hard time deciding? It’s no big deal. We’ve selected some of the choicer comments from our candidates to help you decide.

Unfortunately, we really couldn’t put some of them above the fold. Some are pretty crude, and Glass Cock’s is far too long. [Ed Note: That's what she said.]

So, keep reading after the jump to see some of the nominees’ exemplary comments, and then cast your vote.

double red triangle arrows Continue reading “Associate Life Survey: Commenter of the Year (2008)”

Happy new year 2009.jpg* Many people are pointing out that if you read through Vicky Iseman’s complaint against the New York Times (authored by Washington & Lee Law Dean Rodney Smolla) it is pretty interesting. [Ideoblog]

* Holiday fun with Mike Huckabee. [What About Clients?]

* Celebrity drug use law. They’re still hiring! [Popsquire]

* A group of Atheists’ want the presidential oath of office changed. If they succeed, let’s hope the new oath includes a reference to a golden calf, just to drive the point home. [The BLT: The Blog of the Legal Times]

* Cocktails and bowling and hitting on women and more bowling. [Sweet Hot Justice]

* Happy New Year. My liver and I always approach New Year’s Eve like Rocky before the first Apollo fight. Have a happy and “survivable” New Year.

Quinn logo.jpgMost people know that partners often write off associate hours and paralegal hours when it comes time to bill clients. Quinn Emanuel is no different.

But managing partner John Quinn has had enough. Just before Christmas, Quinn sent around an email to his fellow partners (no associates were included on the distribution list) urging them to keep a closer eye on billing:

Month in and month out, partners request write‑offs from bills, giving the same reasons. All of them are preventable. The most common reasons are as follows:

Among the reasons Quinn listed was associates taking their own initiative by assigning work to paralegals:

Associates or others delegating work. One sure way to lose control of staffing on a case is to tolerate associates assigning out work to other associates or paralegals. Associates are told they shouldn’t do this, but it happens from time to time. Associates need to be reminded that they do not have authority to assign work to others.

Bang! Well, tell us what you really think:

Associates being inefficient, spending too much time on assignments. For any significant assignment, an associate should always be given a time budget ‑‑ how much time they should spend on the project or how much time they should spend before reporting to the partner on their progress. It should never come as a surprise to a partner that an associate has spent twice as much time as the partner expected.

Read the full Quinn memo after the jump to learn more about how partners really think.

double red triangle arrows Continue reading “John Quinn Cracks a New Year’s Whip”

ATL 2008 in review.jpgAs 2008 draws to a close, your ATL editors are looking back over some of our favorite stories of the year. On Monday, we named our law students of the year. If you already checked it out, you may want to revisit it — a third student fought his way onto the list, per popular demand.

Today, we’re looking at the pet rocks/Rubik Cubes/slap bracelets/Beanie Babies (depending on your generation) for law schools around the nation. After the jump, find out which three trends we deemed the most important in 2008. Law school deans, read on to find out what’s hot at a law school campus near you.

double red triangle arrows Continue reading “Top Law School Stories of 2008 (Part 2): The Hottest New Trends”

law firm associate bonus watch 2008 biglaw bonuses small.jpgAkin Gump sent its bonus memo around the New York office yesterday. No real surprises. Akin is giving the “New York Market Bonus” to associates in good standing.

One bit of excitement is that “associates and counsel who performed in a truly exceptional manner in terms of both quality and productivity” may get “discretionary merit bonuses.” So if you’re an Akin NY associate who billed over 2400 hours this year, it may not have been done in vain.

The memo includes the increasingly common warning about a possible salary freeze come 2009. See the full memo, after the jump.

double red triangle arrows Continue reading “Associate Bonus Watch: Akin Gump”

fruitcake.jpg* The chairwoman of a Chinese dairy company pleaded guilty to selling tainted milk. [Reuters]

* A federal judge declined Tuesday to release two detainees from the U.S. military prison at Guantanamo Bay, finding that the U.S. government had proved that they were enemy combatants. [The Washington Post]

* Senate Democrats will not accept the appointment of Roland Burris because he is tainted by the corruption of Gov. Blagojevich. Obama publicly agreed with their decision, despite Rep. Bobby Rush’s (D-IL) contention that the U.S. Senate shouldn’t turn away a black man. [The Associated Press]

* The 9th Circuit rejected the outrageosly long 28-years-to-life-sentence for a California sex offender who registered his address late to local police. The court says it was “cruel and unusual punishment” for a technical violation. [Los Angeles Times]

* Instead of sending their client’s fruit baskets for the holidays, Boston firm Conn Kavanaugh Rosenthal Peisch & Ford donated $10,000 to a local charity. [The Boston Globe]

* An 85-year-old man from New Jersey admits he passed U.S. nuclear secrets to Israel after gaining access to a military library in Dover, New Jersey. [Bloomberg]

ATL 2008 in review.jpgThis morning, as part of our 2008 in Review series, we started to list the top 10 Biglaw stories of 2008. We kicked things off with the #5 story on the business side of the ledger: the trend of law firms granting more generous parental leave.

Now, on to the fun stuff: the year’s top five stories of a more gossipy nature. As we did before, we’ll start with number five and work our way up the list.

For the fifth-ranked gossip story, we actually have a two-way tie. Both stories share a common theme: sex and bad judgment.

Read about the #5 stories, after the jump.

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