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100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGGood stuff. Check it out here (article) and here (chart).
The Paycheck Report [The American Lawyer]
Associates Salary Survey [The American Lawyer]

Job of the Week

Position: Fund Formation Partner
Employer: A rapidly growing general corporate law firm (New York)
Description: A senior-level attorney to build the firm’s fund formation practice. Although portable business is not required, the successful candidate must be willing to work very hard to get the practice started. The firm will provide access to major hedge fund and investment banking clients, but he/she will have take the lead on developing the business.
Requirements: The ideal candidate has seven plus years (7+) forming and advising hedge funds and/or private equity funds and wants the challenge of developing a practice group.
To apply for this position, please visit laterallink.com.
Earlier: Prior Job of the Week listings

What? You’re still here? Shouldn’t you be at the beach right now, enjoying what remains of the summer? Or maybe at a barbecue (goat head sold separately)?
For those of you who are still stuck in front of computers, let’s face it: you’re not getting any work done today. So you might as well sit around and gossip online about law firms, as we finish up our series of open threads on Vault 100 law firms.
Here are this morning’s subjects:

91. Baker & Hostetler (4.660)
92. Kramer Levin Naftalis & Frankel (4.658)
93. Venable LLP (4.636)
94. Squire, Sanders & Dempsey LLP (4.599)
95. Kelley Drye & Warren LLP (4.597)

The coveted ATL special shout-out goes to Venable. Why? It may very well be D.C.’s weirdest law firm.
Please discuss these firms in the comments. Thanks!
The Vault Top 100 Law Firms [Vault]
Earlier: Vault 1-5; Vault 6-10; Vault 11-15; Vault 16-20; Vault 21-25; Vault 26-30; Vault 31-35; Vault 36-40; Vault 41-45; Vault 46-50; Vault 51-55; Vault 56-60; Vault 61-65; Vault 66-70; Vault 71-75; Vault 76-80; Vault 81-85; Vault 86-90

* Sen. Craig may resign today. [CNN]
* NBA refs lawyer up. [CBS Sportsline]
* Iowa court approves same-sex marriages. [CNN]
* Foreign-born widows face deportation. [MSNBC]
* Litigation from Exxon’s 1989 spill continues… all over a measly $5 billion. [Yahoo News]

debarge.jpg
* Nifong pleads not guilty to contempt. [CNN]
* Debarge beats his woman to the Rhythm of the Night. [Atlanta Journal-Constitution]
* Texas just keeps on killing people didn’t kill this one (our bad; we saw Texas and execution and assumed). [New York Times]
* Can’t get enough funny Larry Craig stuff? Here you go! [YouTube]
* Does every affirmative action have an equal and opposite reaction? [WSJ Law Blog]

The Associated Press (via the Washington Post) reported Tuesday that the short list to replace Alberto Gonzales as AG is the following five names:

Ted Olson
George J. Terwilliger, III
Sen. Orrin Hatch
Larry D. Thompson
Paul D. Clement

Ted Olson seems like a solid, non-controversial choice. Terwilliger would definitely be the most fun name to have as AG. Senator Hatch is an interesting choice, but I’m not sure he’s interested. We took a class from Thompson in Anti-Terrorism and Criminal Procedure at UGA Law, and we liked him well enough. Clement is a logical choice I suppose as the current acting AG.
Here’s hoping that it is one of these guys, and not one of the crazy names being thrown around on Monday, like Michael Chertoff. Let’s try to go with somebody with a history of, I dunno….competence.

layoffs.jpg
Last week we wondered whether conditions in the stock and credit markets might lead to layoffs or affect bonuses. The situation has continued to deteriorate, particularly in the credit market. Now others are starting to join us in the rampant speculation about layoffs.
From the NYT’s DealBook:

The current turmoil in the credit market has some law firm leaders predicting future layoffs of associates, according to The Legal Intelligencer.
Those who would be most likely to receive pink slips are those working in what have been the most lucrative practice groups over the last four years or so — structured finance, real estate and corporate mergers and acquisitions.
“Future layoffs are a realistic possibility, and they would come in the areas of corporate finance and real estate,” Duane Morris’s chairman, Sheldon Bonovitz, told The Intelligencer. “This is by reason of the turmoil in the debt markets, which has made finance of many transactions in the pipeline problematic or not feasible.”

So, what do you think — are layoffs coming?
More discussion after the jump.

double red triangle arrows Continue reading “Layoffs?”

We’re into the high eighties of the Vault 100 law firms. But even if there may be 85 firms ranked ahead of these next five firms, don’t forget that they are still incredibly prestigious and profitable places to work.
Here are the firms to chat about this afternoon:

86. Arent Fox PLLC (4.813)
87. Katten Muchin Rosenman LLP (4.801)
88. Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P (4.801)
89. Dorsey & Whitney LLP (4.768)
90. Thelen Reid & Priest LLP (4.717)

In this batch, the special ATL shout-out clearly goes to Katten. They’re the firm that harbored this guy over the summer.
Please discuss these firms in the comments. Thanks!
The Vault Top 100 Law Firms [Vault]
Earlier: Vault 1-5; Vault 6-10; Vault 11-15; Vault 16-20; Vault 21-25; Vault 26-30; Vault 31-35; Vault 36-40; Vault 41-45; Vault 46-50; Vault 51-55; Vault 56-60; Vault 61-65; Vault 66-70; Vault 71-75; Vault 76-80; Vault 81-85

From the National Examiner:

The American Tort Reform Association has posted Weird Al’s “I’ll Sue Ya” on its Web site, suggesting that the tune be “adopted as a theme song by America’s personal injury lawyers.”
“It’s been awhile since I’ve personally kept up with Weird Al’s work, but it’s nice to know he hasn’t lost his genius,” ATRA director of communications Darren McKinney said.
“Like all good comedy, Weird Al builds on a foundation of truth,” he added.

What foundation of truth, that there are too many lawsuits in this country, or that Korn sucks?
Check out the music video for Weird Al’s tune after the jump.
Related:
American Tort Reform Association
“Weird Al” Yankovic

double red triangle arrows Continue reading “Weird Al Song Becomes Tort Reform Anthem”

riordan.jpg
The Phil Spector trial is almost at its end, but Spector has nevertheless just added a lawyer to his legal team: San Francisco attorney Dennis Riordan.
Riordan comes on as Bruce Cutler departs, though presiding Superior Court Judge Larry Paul Fidler took pains to clarify that Riordan is not replacing Cutler as lead counsel for Spector:

“I think that was a little bit of hyperbole,” Fidler said when asked by the prosecution if there was a new chief defense counsel.
“Mr. Rosen is the chief counsel, the one we rely on as I understand it,” Fidler said of attorney Roger Rosen, who effectively became leader of the defense while Cutler was often absent for several weeks to tape a TV judge show.
“Mr. Riordan is here to work on jury instructions,” Fidler said. He said Riordan would be considered a member of the defense team while assisting with jury instructions.
Riordan, asked if that was his understanding, replied: “As far as I know, ‘chief’ refers to a Native American. I am not chief counsel.”

[CNN]
Yeah, I guess it does, in that it’s a racist, derogatory term for a Native American. Could he not have settled for a simple “Yes, your Honor”? Jeez.
At any rate, since Riordan is known as an appellate lawyer, we suspect he’s ultimately there for more than the jury instructions.
As stated above, Cutler left because Spector wasn’t too happy with him missing so much of the trial, which he was apparently doing to film a TV judge show. Which will be better, his or Larry Seidlin’s?

katrina.jpg
This week marked the second anniversary of Hurricane Katrina. The news has been full of reports about the status of the affected areas, particularly New Orleans, two years later. Most of them have not been good; here are a few examples:
“Bitterness lingers 2 years after Katrina” [AP via Yahoo!]
“Katrina-ravaged Gulf Coast Struggling 2 years later” [CNN]
“Hope, skepticism mark Katrina anniversary” [USA Today]
But this is a legal blog, and so we want to know specifically about the state of the legal community in New Orleans two years post-Katrina. Immediately following the hurricane, the New Orleans legal system was “devastated.” Has it recovered?
We’d like to hear from associates in New Orleans about their current experiences. Are the courts up and running? What is the backlog like? What about associate pay; is it back to normal?
And this has little to do with biglaw, but when is New Orleans going to get a handle on the murder situation?
Share your perspectives on the state of the New Orleans legal community in the comments.

In the earliest version of yesterday’s open thread dedicated to discussing Vault 100 law firms, we put up the wrong firms at first. Sorry about that.
So now is the time to talk about Howrey (which was the subject of some brief discussion yesterday, before we corrected the post). Here are this morning’s five firms (with Vault prestige scores in parentheses):

81. Howrey LLP (5.002)
82. Reed Smith LLP (4.967)
83. Crowell & Moring LLP (4.951)
84. McGuireWoods LLP (4.858)
85. Hughes Hubbard & Reed LLP (4.833)

Please talk about these firms in the comments. Thanks.
The Vault Top 100 Law Firms [Vault]
Earlier: Vault 1-5; Vault 6-10; Vault 11-15; Vault 16-20; Vault 21-25; Vault 26-30; Vault 31-35; Vault 36-40; Vault 41-45; Vault 46-50; Vault 51-55; Vault 56-60; Vault 61-65; Vault 66-70; Vault 71-75; Vault 76-80

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