If you graduated from law school before or during the tech boom of the late 1990′s, you may recall how an elite boutique named Gunderson Dettmer led the charge on associate pay raises. As noted here:
In 1999, a Silicon Valley firm named Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, shook the legal community by offering new associates a starting salary of $125,000 with a guaranteed bonus of $20,000. This represented a 25 percent increase in the average base salary and even more for the total compensation package. Other firms in major cities around the country were forced to follow Gunderson’s lead and annual salaries increased by about 30 percent between 1999 and 2000. New associates reaped the benefits.
The firm is considerably bigger today. And it didn’t lead this latest round of pay raises; Orrick deserves credit for that.
But Gunderson Dettmer is definitely keeping up. Moreover, as a source at the firm notes, “Thankfully it appears that we didn’t take the underhanded bonus-cutting route that Wilson Sonsini and Heller Ehrman did.”
Check out the memo, after the jump.
The website of Irell & Manella touts the firm as “An Elite CA Law Firm.”
Immodest? Perhaps. But true, insofar as Irell pays its associates as “an elite CA law firm” should.
The Irell & Manella pay raise memo, after the jump.
State court judges are like bratty kids, or pets that aren’t housebroken. You can’t take them anywhere.
Because they’ve probably already been banned from where you were planning to take them. Even if the place in question is the courthouse.
Consider the Honorable Elizabeth Halverson (at right). From the Las Vegas Review-Journal:
The District Court chief judge on Thursday banned District Judge Elizabeth Halverson from the county courthouse.
In an administrative order, Chief Judge Kathy Hardcastle said Halverson jeopardized security at the courthouse this week by bringing her own two bodyguards into the courthouse and allowing them to bypass security checks.
As for why Judge Halverson needs two (2) bodyguards — and no, we won’t make the obvious joke — there’s quite a backstory, full of juicy judicial infighting. You can read all about it here.
And Judge Halverson isn’t the only state judge getting banned from public places these days. Meet the Honorable Fred Axley.
From the Legal Reader:
A Memphis judge is banned from a Florida resort. He is accused of sexually harassing an employee. Eyewitness News Everywhere uncovered this is not the first time Criminal Court Judge Fred Axley has been accused of sexual harassment….
Now he has been banned from a resort in Destin, FL, after an employee there says he sexually harassed her last week….
When we called the resort, an employee who asked not to be named, told us Axley had propositioned a massage therapist there for oral sex.
Here is a memo that some of you have been waiting for, with an eagerness more typical of teenage boys expecting Spiderman 3. It’s an outline of the associate bonus program for Orrick, Herrington & Sutcliffe, in all of its complex glory.
The memo is rather lengthy. We thought about taking screenshots of each page, but that would have been too time-consuming. So we just cut and pasted the text instead.
Some of the formatting was lost as a result (as well as the pretty green “O” at the top of each page in the original). But the substance of the memo is all there.
If you’re interested, you can check it out after the jump
If you’re a sucker for soccer — which is one of the world’s most popular sports, and which may soon take off on these shores, thanks to the arrival of David Beckham — then you should definitely check out the Volokh Conspiracy guest-blogging of our good friend and former co-clerk, Professor William Birdthistle.
Here’s a teaser, from Birdthistle’s first post:
I attempt to discern the cause of the deterioration of World Cup soccer into [such a] deplorable state. My conclusion, which I’ll explore further in coming posts, is that the rewards and punishments that referees have in their arsenal are too crude and too capable of determining the outcome of the game. The power of referees to work a game’s bouleversement with one blow of the whistle — either by sending off a star player or awarding a penalty — places officials at the center of the game.
Players then have a strong incentive to attempt to influence referees, often by bearing false witness to the facts with dives and operatic petitions. This phenomenon appears to be exacerbated at the quadrennial World Cup, where teams play relatively few games for enormous stakes and where caution and calculation often trump free-flowing football….
My proposals for addressing the situation, which I will also discuss further in future posts, focus primarily on ways of diluting and refining referees’ power.
* It’s not quite union enough. It’s semi-union. It’s quasi-union. It’s the margarine of unions. It’s the Diet Coke of unions; just one calorie, not union enough. [New York Times via How Appealing]
* Judge in Spector trial apparently likes to party. [WSJ Law Blog]
* Thomas writes an opinion! Kennedy is once again the swing vote in a 5-4 decision. [U.S . Supreme Court (PDF)]
* Deportes Perros Update: Buchanan denies alleged comments about Vick. [Atlanta Journal-Constitution]
* Bush listens to the Supreme Court. [Jurist]
Along the lines of Heller Ehrman’s recent announcement, here’s another pseudo-raise from a West Coast firm. Earlier this afternoon, a source at Wilson Sonsini informed us:
A memo will be distributed later today with the details, but we received a VM a few minutes ago. Essentially, there will be “raises” to match market in places where there has been movement. This is defined as DC, CA, TX. NYC was already at $160k.
BUT the raise will be “mitigated” by an offset in the bonus structure. Also, Seattle and Salt Lake City are excluded from the “raise.”
The memo, which a second source at the firm verified for us, appears after the jump.
For departure. For Deputy Attorney General Paul McNulty, his last day at the Department of Justice will be in not-too-distant future. He announced his intention to resign earlier today.
But he won’t be leaving the DOJ as abruptly as, say, Monica Goodling. He’ll stick around for a few more months:
McNulty, who has served 18 months as the Justice Department’s second-in-command, announced his plans at a closed-door meeting of U.S. attorneys in San Antonio, according to two senior department aides. He said he will remain at the department until this fall or until the Senate approves a successor, the aides said.
* The annals of teacher shenanigans, Part I. I would have crapped in my pants, that’s for sure. [Tennessean.com]
* The annals of teacher shenanigans, Part II. Compare and contrast. [MSN Movies]
* For your frequent blog posters or fountains of legal knowledge, perhaps you might want to redirect your energy to this new Wiki for Lawyers. [Concurring Opinions]
* Was there no action more affirmative than Dubya landing at Yale or JFK, Jr. at Brown? I don’t know about the chances of non-presidential political offspring though. [BlackProf]
* Good news…but please liberate L&O from its Orthodox Jew-discriminating Friday night timeslot. [Gothamist]
Sigh. Guess we got a little lax in our factchecking around here (i.e., not doing it at all, since it had been a while since anyone bothered to put together a fake memo).
The purported Much Shelist memo that we posted earlier appears to be a fake. Sorry, Chicago.
If anyone has a real memo to send us, please do so. But the lag time between our receiving memos and posting them will undoubtedly increase going forward, due to pranks like this one. Thanks.
We meant to link to this amusing story last Friday. Unfortunately, between salary coverage and entertaining visitors at our office hours, it fell through the cracks.
Anyway, to find out why H. Dewain Herring, Esq., currently on trial for murder, is ATL’s Lawyer of Last Friday, click here. You’ll be treated to the story of a prosecution featuring “salacious themes of lap dances, drug use and public nakedness.”
Herring’s defense: accidental discharge. Which, to be sure, happens all the time in strip clubs.
To pique your interest, here’s an excerpt from the trial transcript, courtesy of a source on the ground in Columbia, South Carolina:
q. and when you entered the champagne room he was masturbating, right?
a. yes, he was spanking that monkey
q. and when you entered, he saw you and kept masturbating.
a. yes, he kept on spanking that thing.
q. kept on spanking it, ok…
Here’s a recent message from a Chicago-based reader:
I’ve got a suggestion for a post. How about one on the Chicago market?
NYC, done. L.A. is pretty much set. DC looks like it’s headed to 160.
But what about Chicago? I think a post along the lines of whether Chicago is going to take a back seat as a lower tier legal market, or match the LA/DC markets, would generate a lot of interest/traffic/comments.
Ok, just my two cents. The stuff on the compensation has been great! Keep up the good work.
We agree with this commenter. There’s no longer much excitement to covering Los Angeles, which is “pretty much set,” and Washington, DC, which will surely settle at $160K (even if some firms drag their feet about it, to save themselves a few weeks’ worth of higher salaries).
But “flyover country” — basically, Chicago and Texas (which we’ll cover in a subsequent post) — is a big question mark. Will these markets match the big money of the East Coast, and retain their status as major legal markets? Or will they fade into regional obscurity, unable to draw the same legal talent as their more flush coastal counterparts? The big Chicago shops haven’t budged on associate salaries in their home offices. But one Windy City boutique, Much Shelist, isn’t going down without a fight. Last week they raised all of their offices — including their home office, in Chicago — to the $160K scale. The memo appears after the jump. UPDATE/CORRECTION: The purported Much Shelist memo that appears after the jump is a FAKE.
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.