We’re going to be offline for a few hours. If anything big happens while we’re gone, and we don’t write about it immediately, now you know why. (Posts that we drafted earlier will be published while we’re gone.)
We’re going to attend this event, about the economics of internet advertising — which, of course, is what pays the bills around here. If you enjoy reading ATL, please support our advertisers.
Yes, the event is sponsored by AEI, a right-of-center think tank. But the topic isn’t terribly partisan.
And to atone for this visit to the premises of AEI, guess what? We’re going to spend the better part of two days later this month (July 27-28) covering the 2007 ACS National Convention, here in DC. If you’d like to attend, it’s not too late to register; you can do so by clicking here.
(If you’re planning to attend the ACS convention, look out for us — we’ll be easy to spot. We’ll be snapping photographs of the fabulous Judge Marsha Berzon, as if she were Angelina Jolie on the red carpet.) Update (2:30 PM): We’re back. Today’s event was co-sponsored by the left-leaning Brookings Institution, so our conscience is clear. The Economics of Internet Advertising: Implications for the Google-DoubleClick Merger [American Enterprise Institute] Fifth Annual ACS National Convention: Toward a Just Future [American Constitution Society]
Word on the street is that Vinson & Elkins has raised salaries for its Texas and Washington associates. But we haven’t confirmed it directly with someone at V&E. If you can confirm this rumor, please email us. Update (11:08 AM): That was fast; thanks! It’s confirmed: V&E has raised associate salaries for first- and second-year associates.
Things are more complicated for more senior classes. Basically they’re adopting a deferred compensation system, dependent upon hitting an hours target (2000 “Firm Credit Hours”).
For all the gory details, check out the memo, which is posted after the jump.
From a reader who uses MySpace (no, not a 14-year-old girl in Manassas):
Totally random, and not necessarily newsworthy, but the attached MySpace profile appeared randomly on my “cool new people” list when I logged in.
(Random spam like this, in the form of fake profiles — usually of attractive women from ex-Soviet republics, but apparently now of people who follow Charney v. S&C — is one of the many reasons we prefer Facebook.) facebook is better than myspace group [Facebook]
In the wake of the quasi-scandal that the divine Dahlia Lithwick has dubbed Divagate, we’ve received several defenses of that legend of the Supreme Court press corps, NPR’s Nina Totenberg.
We previously shared with you an email from Tom Goldstein, who once interned for Totenberg (just as Cate Edwards is doing this summer). Today we bring you celebrity correspondence from another SCOTUS superstar: Jan Crawford Greenburg!
Check out her message, which includes a detailed discussion of seating arrangements in the Supreme Court press gallery, after the jump.
What’s the hardest bar exam in the United States? No, it’s not California.
Sure, California is hard. The whole three-day thing is a bitch, and the passage rate is low.
But Cali ain’t got nothing on Guam. Check it: a ZERO PERCENT pass rate.
Don’t believe us? Just ask the three people who took it last July!
* Who let the dogs fight? Who? Who? Feds say: football star Michael Vick. [CNN; TSG]
* Bar-Bri class reps (no, different class reps): No incentive payments for you. [The Recorder]
* Seven-figure legal bills: par for the course for white-collar criminal defendants. [WSJ Law Blog]
* India market hot for law firms. [Law.com]
* Billionaire Siebel gets California Supreme Court’s ok to sue lawyer and judge despite settlement. [The Recorder]
* UK girl loses fight to wear purity ring at school. Chastity belt still under review. [MSNBC]
* Ohio Turnpike murder-for-hire case could result in death sentence. [CNN]
* We say: Ignorance is bliss. [Althouse]
* The Genarlow Wilson case: let’s go to the videotape! Oh wait… [Concurring Opinions]
* If you’re going to drop the d-word, at least spell it correctly. [PrawfsBlawg]
* Every time an unlawful, creepy houseboat is sunsetted out of existence, a little piece of America dies. [Never Yet Melted via Overlawyered]
* Is Quiznos about to get burned? [Akron Beacon Journal]
* Someday sex-change operations may be tax-deductible. (Can we take a deduction for blogging as a woman?) [MSNBC]
Over in the D.C. office of Baker & McKenzie, the natives are getting restless. They’ve prepared this cute little bar graph (thumbnail image; click to enlarge):
The graphic above also reflects that Williams & Connolly now pays starting salaries of $165,000. We hadn’t heard (or written) about that news, but it’s official.
Does anyone have a memo and/or more information about what Williams & Connolly pays beyond the first year? If so, please email us. Thanks. Update / Correction: Whoops, we forgot that W&C raised salaries back in March. What we were thinking, and meant to write, is that Williams & Connolly hasn’t raised associate salaries in response to the latest round of nationwide pay hikes (as kicked off by Orrick).
Remember that W&C traditionally doesn’t pay year-end bonuses, but pays an above-market base to make up for it. Their current scale — 165, 180, 195, etc. — is still above-market, but not by as much as usual. Further Update / Correction: Apparently Greenberg Traurig is still at $145K in Washington. We’ve revised the graph accordingly. Earlier: Nationwide Pay Raise Watch: What’s Up With Williams & Connolly?
This is a follow-up to yesterday’s post about Quinn Emanuel, which was considering adopting a pay system in which associates with coveted electrical engineering degrees would earn higher base salaries than their less well-endowed colleagues.
We contacted name partner John Quinn, but he hasn’t gotten back to us. Through other channels, however, we’ve learned what we think happened in terms of this issue.
If you’re curious, read the rest of this post, after the jump.
Poor guy. When you see a résumé from Aaron Charney next spring, before you toss it in the circular file, please double check: Are you sure it’s from the right — or wrong, as the case may be — Aaron Charney?
In other Charney news, Keeping Up With Jonas has created a Charney v. S&C Superstar Poll. To cast your vote, click here. (We know how we’re voting, but we’ll keep it to ourselves.) Aaron Charney [Facebook] Charney v. Sullivan & Cromwell Superstar Poll [Keeping Up With Jonas]
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: