Many of the hours that Biglaw attorneys are familiar with are of the billable (and unhappy) variety. But some firms try to make up for the misery by plying their employees with alcohol. Welcome to the latest perk to be discussed in these pages: happy hours. [FN1]
A few questions, from an associate-to-be:
This fall I’ll be starting at a firm that advertises the fact that it has regular happy hours. Do these things actually occur? Does anyone go to them? Will I look like a boring schmo if I don’t attend?
We know of a number of firms that have happy hours (although we’re missing some of the specifics). For example, Cahill Gordon in New York is said to have monthly happy hours. Here in Washington, DC, Kirkland & Ellis has happy hours at Old Ebbitt Grill. At least during the summer, Arnold & Porter has a weekly happy hour each Friday, on the premises — they have an on-site bar set up in one of their conference or reception rooms.
Does your firm sponsor a “happy hour”-type gathering? Will this associate “look like a boring schmo” if he skips out on them? Please opine in the comments.
[FN1] We previously had an open thread about firm retreats and “other company-sponsored social events,” but in the ensuing discussion, only one comment mentioned happy hours.
* Biglaw gets all Facebook. [LexBlog]
* The Bush Administration is just bound and determined to keep children from having health insurance. [New York Times]
* Another arrest in Newark shootings. [CNN]
* Competition for Westlaw and Lexis? [WSJ Law Blog]
* Saddam aides to face trial. [BBC]
It’s fall recruiting season, and rumors are flying about every law firm under the sun. Here’s something from the ATL mailbag about Linklaters:
I’m going through [the on-campus interview program at my law school] and each day I kept hearing the same thing. Apparently Linklaters’s summer associates had such a terrible time the last few months that many of them have not yet accepted their offers.
Despite the salary, they are going through EIW hoping to get hired by someone else, because they
hated being at Link. Can you confirm this?
We hadn’t heard about this. We do know that morale in the Stockholm office of Linklaters is pretty high (in an “I’ll have what he’s having” kind of way).
Anyway, we contacted the firm for comment. Josh Berick, Co-Hiring Partner in New York, had this to say:
In 2007, Linklaters had its largest and strongest summer associate class ever. The firm is thriving, and many of our summer associates have been able to work on some of the largest cross-border transactions of the year.
It is anticipated that all of our summer associates will receive offers to join us, once the program is concluded. Linklaters traditionally has had a very high acceptance rate, and we are confident that the vast majority of our 2007 summer associates will accept their offers.
As always, we welcome any tips by email (subject line: “Linklaters”). Thanks.
Over on AutoAdmit (via Concurring Opinions), folks have been talking about Wikiscanner. This neat application allows you to see recent edits to Wikipedia and who made them, in terms of the editor’s IP address (which often reveals their employer).
As Professor Dave Hoffman notes at Concurring Opinions, law firm lawyers seem to love playing with Wikipedia. A tipster is more specific:
Apparently members of Vault 15 law firms have been making, umm, questionable edits to wikipedia. For example:
– Vandalizing Ann Coulter’s page – Shameless self-promotion – Editing articles on BDSM (WTF?) – Hiding links to Skull and Bones – Taking shots at Noam Chomsky – Taking shots at other firms
Eric Turkewitz, over at the NY Personal Injury Law Blog, zeroes in on edits made from computers at Wachtell Lipton (where we once worked). He accuses the firm of “duplicity,” since someone at WLRK is making (flattering) edits to the firm’s page, even though the firm claims it doesn’t engage in advertising or marketing.
But what if the edits were made not by Wachtell firm management, but by a mere associate? Would that be as problematic? Should Wachtell, or any other law firm, prohibit firm employees from touching up firm write-ups in Wikipedia (at least from law firm computers)?
With respect to the Wachtell Wikipedia edits, we have some interesting speculation. Check it out, after the jump.
The lead attorney for pro football star Michael Vick said Monday that the Atlanta Falcons quarterback will plead guilty to dogfighting and related charges and will “accept full responsibility for his actions and the mistakes he has made.”
Billy Martin, heading up Vick’s legal team, issued the following statement:
“After consulting with his family over the weekend. Michael Vick ask that I announce today that he has reached an agreement with Federal prosecutors regarding the charges pending against him. Mr. Vick has agreed to enter a plea of Guilty to those charges and to accept full responsibility for his actions and the mistakes he has made. Michael wishes to apologizes again to everyone who has been hurt by this matter.”
Especially all the poor pooches, God rest their doggie souls.
But wait — are we sure about this?
The statement apparently took federal officials by surprise.
Jim Rybicki, a spokesman for U.S. States Attorney Chuck Rosenberg, said he had not heard of an agreement in the Vick case, and that he was trying to reach prosecutors.
In Lawyerly Lairs, the ATL feature that takes you inside the luxurious homes of legal luminaries, we focus a lot on New York City. We’ve previously peeked inside the residences of Schulte partner Rick Presutti, ex-S&C associate Aaron Charney, Cravath partner John Beerbower, Columbia law profs Hans Smit and Sarah Cleveland, and lawyer-turned-TV-personality Greta Van Susteren (to name a few).
Our obsession with Gotham isn’t surprising, since NYC is one of the nation’s biggest and most expensive legal markets. But today, to mix it up a bit, we take you down south, to another town where real estate is an obsession: MIAMI.
Miami real estate has taken a tumble lately. But that hasn’t stopped one top lawyer from wheeling and dealing. From the Daily Business Review:
A prominent attorney has sold one waterfront estate and bought another along the Venetian Causeway linking Miami and Miami Beach.
Dale Hightower, founder and managing partner of Hightower & Partners, and his wife, Anna, sold their San Marino Island property on Biscayne Bay for $6.9 million.
El Popular publisher Marco Laureti and his wife, Giovanna, bought the 5,982-square-foot bayfront Mediterranean-style estate at 205 E. San Marino Drive (at right).
As you may recall, earlier this year there were rumors about there not being enough work to go around in the San Francisco office of Bingham McCutchen. Some of these rumors were prompted by the firm offering buyouts to some associates.
The rumors of slowness are starting to resurface:
I am a 2L at [a top ten law school], and we are mid-EIP. Early this summer I bid for Bingham’s San Francisco office, only to receive an email after bidding closed that they would not be coming to EIP and my bid was cancelled.
I just spoke to a friend who bid for their DC office and received an interview. She got an email (last week I believe) saying Bingham DC would not be attending either, and her interview was cancelled.
What’s up? Sinking ship? Not enough work?
Not so, according to firm spokesperson Claire Papanastasiou:
We carefully assess our hiring needs and annually review our OCI approach to maintain a balance of entry-level attorneys in all of our offices. Class sizes change from year-to-year, and we adjust our on-campus schedules accordingly.
For example, in San Francisco and D.C., we had a higher-than-anticipated acceptance rate for this past summer. To maintain the appropriate balance of entry-level lawyers in those offices, we’ve adjusted next summer’s class size.
If you have more light to shed on the situation, please feel free to email us (subject line: “Bingham McCutchen”). Update: Remember the Fried Frank policy on entering one’s billable time? Bingham is also anxious about time entry (even if their policy is more forgiving). Memo after the jump (or click here). Earlier: Prior ATL coverage of Bingham McCutchen (scroll down)
Although the pace seems to be slowing, our open threads on Vault 100 firms continue to generate a decent quantity (and quality) of comments. So we’ll press on, for the benefit of those of you who are now in the throes of the law firm application process.
Please pose questions about and share insights into these five law firms (in Vault 100 order, with prestige scores in parentheses):
16. Williams & Connolly LLP (7.234) 17. Sidley Austin LLP (7.232) 18. Gibson, Dunn & Crutcher LLP (7.158) 19. O’Melveny & Myers LLP (7.105) 20. White & Case LLP (7.092)
It’s easy if you try.
No billable minimum below us.
Above us only sky (high bonuses).
The billable hour has its critics. See, e.g., this great piece by Scott Turow. Alternatives to the billable hour are slowly emerging. But nobody seems to think it’s going away anytime soon.
If you’re a first-year associate at Ford & Harrison, however, the billable hour is already history for you. From the National Law Journal (via WSJ Law Blog):
Ford & Harrison, a 190-attorney labor and employment firm, has tossed out billable-hour requirements for first-year associates. The program aims to close the practical-skills gap of law school education and increase value to clients. The firm also hopes it will enable associates to handle meatier matters more quickly.
Overall, Ford & Harrison’s leaders expect the new program to help retain beginning lawyers and appease clients.
“Everyone sits around and complains about the problems,” said C. Lash Harrison, managing partner of the law firm. “I figured, what the heck, maybe we can try something.”
To all of you who have been complaining about the clerkship bonus policy of Latham & Watkins, the firm has heard your pleas. And it has taken action. But if you’re starting at the firm in 2007, you might not reap the benefits of your whining advocacy.
An LW offeree passed along this information to us:
Beginning in 2008, L & W will award on year of partnership progression credit plus $50,000 to clerks at federal court, the highest court in any state and the District of Columbia, and Delaware Chancery Courts. The firm will pay $70,000 to attorneys who clerk for more than one year in eligible clerkships.
We contacted a firm spokesman for confirmation. His comments appear after the jump. Update: Also after the jump, for those of you who are curious: Latham & Watkins’s Policies, Benefits & Compensation for US-Based Associates.
[Ed. note: This is basically a repost of a prior posting. But the deadline has been extended until 5 p.m. today, so if you missed out last week, here's your chance.]
As some of you already know, Above the Law offers a daily newsletter, via email. We encourage you to subscribe.
You can sign up by entering your email address in the “Daily Newsletter” box, which appears in the grey box on the lefthand column of ATL, and clicking “Subscribe.” In case you’re wondering, we won’t sell your email address to a third party, spam you, etc.; it’s just the newsletter.
As a special thanks, if you subscribe today (before 5 p.m. Eastern time), you’ll receive a promotional code that’s good for a free month of Sunday Silver. In case you’re not familiar with it, Sunday provides you with the services of a personal assistant — which we think the overworked Biglaw lawyers among you will appreciate.
More details about the service, including the fine print for this offer, after the jump.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
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: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.