As law firms around the country raise associate starting salaries to $160,000, some people are wondering: What about intellectual property shops?
We don’t think there’s much to this story. It’s our understanding that most top IP firms are already at $160K (and have been there for quite some time). As everyone knows, IP is hot these days.
But it appears that some IP firms are just arriving at the party (even if the biggies have been there for a while). For example:
This kid was a summer at Davis Polk, and his farewell email has made the rounds in both DC and NYC. For anyone who knows him, it is no surprise….
[He] believes that we should not have a republic, but that an autocratic state would better suit everyone. He usually speaks in latinate phrases like “Hail, brother, farewell,” and he would send out emails all summer about obscure historical books to recommend to his fellow summers.
Check out the farewell email, and vote in our poll, after the jump.
* Karl Rove — who had some role in the U.S. Attorney firings, but is refusing to testify to Congress about it — is stepping down at the end of this month. [Wall Street Journal; Washington Post; New York Times]
* Grand Theft Auto fans rejoice, return to parents’ lonely basements. [MSNBC]
* Tax law awaits Bonds HR ball. [Yahoo]
* Sexual assault claim at Playboy pajama party. [MSNBC]
* More on the punter-stabbing punter: not guilty of attempted murder, but guilty of assault and psychotic desperation to be starting punter for a division I-AA program. [ESPN]
None of these items is new. But as we were going through our overflowing inbox — if we owe you an email, we apologize for our delinquency (or blame our spam filter) — we came across some associate pay raises not previously mentioned here:
1. King & Spalding: We provided extensivecoverage of their recent raise in Atlanta. But we forgot to mention that they also raised starting salaries in Houston, to $160,000 for first-year associates (effective August 1). Memo after the jump.
2. Hunton & Williams: This news surfaced in the comments, but we also received it by email: “Hunton in DC raised to $160k. Memo is floating around, though unfortunately I don’t have a copy.” (If you have the memo, please email us.)
Usually when we highlight individual lawyers or judges in these pages, it’s to poke (good-natured) fun at them. But it’s Friday afternoon, so let’s send you into the weekend on a warm and fuzzy note.
From a reader who was on the train today:
A man in his mid- to late-twenties, wearing a yellow shirt and carrying a Jones Day bag, helped carry an elderly gentleman onto the train and into his seat. Around an hour into the train ride, the old man’s wife tried to wake him up, but could not.
The Jones Day man lifted the gentleman out of his seat, placed him in the aisle, and began CPR. The train conductor’s took over, the train was put onto a side track, and EMS was called.
Unfortunately, all efforts to resuscitate the man were unsuccessful. We were later transferred to another train. On this second train, which was now overcrowded, the same man later gave up his seat when an older passenger got on.
Not all that humorous, but I thought this chivalry by a “Big Bad Biglaw Lawyer” might merit your attention.
Indeed it does. We thank our reader for this interesting story — and commend the Jones Day fellow (associate? paralegal?) for his kindness and human decency.
(And now, back to your regularly scheduled programming. Whom should we make fun of next?)
Linda Greenhouse has written a letter in response to C-SPAN in which she defends herself against their accusations. In it she claims that the “issue is not one of ‘open media access to public policy discussions,’” as C-SPAN’s Terence Murphy wrote in his letter, but “one of communication and simple courtesy.”
Ignoring the question of whether she received an email warning her that C-SPAN was going to be present, Greenhouse writes, ” I learned about the plan to cover the Supreme Court panel only when I showed up and saw the cameras. Prof. Gajda told me yesterday that she had only learned at 5:00 p.m. the day before that C-Span intended to cover our panel.”
Read the rest — plus a bonus Linda Greenhouse Rap!!! — after the jump.
Before we begin, a nod to one of the best wedding write-ups we’ve seen in a while, and for once (just once) we’re not being the least bit tongue-in-cheek. Joanne Handler and John Rau III didn’t make our final three this week, even though John has a law degree, but . . . wow. They are 50-year-olds (very attractive 50-year-olds) who dated for a year in college and then broke up when he transferred to another school. John married someone else, but Joanne stayed single, still pining for John:
“I never forgot about him, because he was the love of my life,” Ms. Handler said. “For 30 years, I was never in love with anyone else. I had long-term boyfriends, but I could never get married because I could never love anyone the way I loved John Rau.”
But this three-hanky chick flick has a happy ending. The spinster librarian (really!) received a call from the recently divorced John in 2005:
“I was shaking with joy when John called,” Ms. Handler said. “For 30 years, I knew that we were meant for each other, that he was the perfect man for me. I knew I was right.”
So did Mr. Rau.
Beautiful. [And now we'll pause while everybody Googles their college crush -- and their spouse's.]
But back to what this column is really about: raw, choking prestige.
Here are our three finalist couples (all lawyer-lawyer pairings):
Sidley has just announced that they have raised clerkship bonuses to $50k! YES!
We’ve confirmed this raise with sources at the firm. So you can treat it as confirmed. Update (2:55 PM): In response to some follow-up questions from us, the firm’s D.C. hiring partner, Joseph Guerra, explained:
“It applies to all domestic offices, and the bonus is the same for a one-year clerkship, a two-year clerkship or two one-year clerkships (provided one of the two isn’t a Supreme Court clerkship).”
As we’ve mentioned before, each week we’ll be highlighting an exciting job opportunity available through Lateral Link, ATL’s career partner.
Yes, we posted a Job of the Week on Tuesday. But that was actually supposed to have been the Job of the Week for last week, when we forgot to post one. So here’s the offering for this week:
Position Description: Mid-level/senior transactional position to work with the Company’s Vice President and Associate General Counsel and business deal teams to originate ACAS buyouts and equity investment transactions. Conduct all phases of the investment process in-house (no outside corporate counsel involvement other than specialists), including completion of term sheets, legal due diligence, retention and supervision of outside specialist counsel, drafting and negotiation of acquisition documentation and closing.
We think the leathery skin and hair coloration — black on top, silver on the sides — may be responsible for the bulk of the resemblance. But still, it’s pretty darn close.
Our favorite comment in the thread:
“I’m loyal to the Bada Bing. Strippers to $3,000 (in singles)!”
We feel better. We’re not the only folks who have been rudely dissed by Linda Greenhouse, the longtime op-ed columnist Supreme Court correspondent of the New York Times.
From Jim Romenesko’s widely read media blog, Poynter Online:
The Times’ Linda Greenhouse became upset when she realized that C-SPAN planned to broadcast a panel discussion featuring Supreme Court reporters. “I told [the event organizer] she had a choice, either she could have me on the panel speaking candidly or she could have C-SPAN there,” Greenhouse tells Gal Beckerman. “I didn’t want to have to modulate my comments for a national audience.”
C-SPAN’s programming veep is unhappy: “All the participants were notified the night before, and no one objected. Then, five to ten minutes beforehand, we were told we couldn’t cover it. Having a five-person crew unable to work for a day was a major hit on us.”
Wow. To the commenters who have questioned our characterization of Greenhouse as a diva, please reconsider your views.
So why did Linda Greenhouse throw a hissy fit over possible C-SPAN coverage? We have some (quasi-informed) speculation.
Some thoughts and some links, plus the complete protest letter sent by C-SPAN, appear after the jump.
Hey, have you read Above the Law for like one single minute in the past month? If so, you probably know that we’re having this big blogger conference on March 14th at the Yale Club. Yeah, the Yale Club. You’ll be able to recognize me: I’ll be the only big… blogger guy surreptitiously holding a can of crimson spray-paint.
Speaking of coming, you should come. We’ve got CLE and all that. Click here to buy tickets to get CLE credit for listening to bloggers scream about stuff on the internet.
To refresh your memory, details on the panel that I’m moderating — almost entirely sober, mind you — follow.
My panel is called Blogs as Agents of Change, and we’re going to talk about whether all of these spilled pixels are actually making a difference. You know my view… just ask Lawrence Mitchell, but here are the panelists:
So you spent a considerable amount of time courting, selling and maybe even doing some friendly stalking of that attractive lateral partner candidate with a sizable book. After he or she ignored your emails and didn’t return your calls, a few weeks go by and you read a press release in the legal media announcing the recent move to a competing firm.
Rats. Another one got away from you. You cringe when you consider how much time was spent in meetings that did not bear fruit. Your heart aches when recall how you were led to believe this was a marriage made in heaven.
You have been rejected.
The sting of rejection is painful, even for fancy law firms. But you need to find a way that you can turn this disappointment into a legitimate learning experience.
No, this isn’t a pre-party before we come back next fall for the real thing. This IS the real thing. Quinn Emanuel is pushing the envelope on recruiting. The party is now. This is when you meet the partners and associates face to face. This is when we begin the dance that could land you an offer for your second summer BEFORE school starts in the fall.
First: You come to the party. Second: If you like us, you send your resume after June 1, 2014. Third: If we like each other, you get an offer.
We’re not waiting for fall. We’re not doing the twenty minute thing. This party is the real thing!
We hope you’ll join us, and look forward to meeting you.
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