Partner Issues
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Biglaw, Federal Government, Lawyerly Lairs, Money, Partner Issues, Pictures, Politics, Real Estate, Williams & Connolly
Lawyerly Lairs: The Real Homeowners of D.C.
Are we too New York-centric in Lawyerly Lairs, our inside look at the homes (and occasionally offices) of lawyers and law students? Perhaps. It makes sense that we focus on Gotham, since Above the Law is headquartered here. But we realize that other cities and states boast great real estate too. Today we'll check out a few Lawyerly Lairs down in my former home of Washington, D.C. -- including the expensive residences of various partners at prominent law firms.... -
Biglaw, Dissolution, Money, Partner Issues, Partner Profits
Make It Rain or Make Way
If you think that making partner is like winning the Biglaw race, you haven’t actually been paying attention to what’s been happening to partners over the past few years. Sure, Biglaw partnerships overall are enjoying higher profits now than they were during the darkest days of the recession (while associate salaries remain stagnant, of course). […] - Sponsored
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Biglaw, Musical Chairs, Partner Issues, Texas, Thompson & Knight
Sidley Opens in Houston, and DLA Piper Heads to Mexico (I'm Not Joking)
Some major law firms might be closing offices, but others are in expansion mode. For example, Sidley Austin is opening a Houston office, with partners snagged from several other big players in town. And that’s not the only expansion taking place in the southwest. Take DLA Piper. When we last checked in with them, the […]
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Biglaw, California, Intellectual Property, Litigators, Musical Chairs, Partner Issues
Is Baker & McKenzie Closing in San Diego?
The mega-firm of Baker & McKenzie has a global footprint, with 70 offices in 42 countries. It’s one of the world’s largest law firms, in terms of both headcount and revenue. But are Baker’s 70 offices about to become… 69? For weeks, reports have been circulating about the possible demise of the firm’s outpost in […] -
Biglaw, Bonuses, Money, Partner Issues, Partner Profits
Spring Bonuses? Anybody? The Silence Isn't Funny Anymore.
Last year, Sullivan & Cromwell announced spring bonuses on January 21st. Today is February 3rd. It might be time to panic. The conceit of this entire bonus season has been that the ridiculously low bonuses bar set by Cravath, Swaine & Moore was just an opening figure. People really didn't expect that Cravath would halve bonuses. Because really, it's CSM. They can count. Their profits went up. Why would they pay out 50% less than last year? Well, we guess the answer "because they can" is going to have to be enough for Biglaw associates everywhere.... -
Biglaw, Edwards Wildman, Election 2012, Facebook, Jersey Shore, Lateral Moves, Morning Docket, New Jersey, Partner Issues, Politics
Morning Docket: 02.01.12
* Florida: a place where people don’t care about your income tax returns. Mitt Romney dominated the state’s primary, grabbing all 50 of the delegates needed for the Republican nomination. [New York Times] * Entry-level hiring might be down, but lateral hiring is being approached like an NFL draft. Biglaw firms want the best of […]
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Biglaw, Job Searches, Law Schools, Partner Issues, Partner Profits, Wall Street Journal, White & Case
Biglaw's New Normal Isn't Great For New Talent
As we mentioned in Morning Docket yesterday, the Wall Street Journal has a good article about how various recession-era cutbacks have become entrenched in Biglaw. If you have been paying attention or are a current law student, you know the issues: smaller entry-level classes, stagnant salaries, and a partnership track long enough to make a first-year Ph.D. student laugh. Other industries use economic downturns to retool their business models and develop new ways to compete. Not Biglaw.... -
Biglaw, Billable Hours, Blind Item, Hotties, Nude Dancing, Partner Issues, Summer Associates
Biglaw Blind Item: A Partner Walks Into a Strip Club....
Our latest Biglaw blind item concerns the sighting of a partner at a strip club. Right now you're probably thinking: yawn. A law firm partner at a strip club? As they say, it happens every day (or night -- and often gets billed to "business development"). But there are a few more details that make this item noteworthy.... - Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so… -
Biglaw, Chadbourne & Parke, Food, Money, Morning Docket, Partner Issues, Real Estate, SCOTUS, Supreme Court, United Kingdom / Great Britain, Weddings
Morning Docket: 01.30.12
* People like it when the members of the Supreme Court agree with each other, except when the justices forget to tell them exactly what to do. Poor sheeple. [Washington Post] * If you’re wondering why you can’t get a Biglaw job, it’s because the firms don’t need you. Well, they probably do, but definitely […]
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Fabulosity, Fast Food, Lawyerly Lairs, Money, Partner Issues, Pictures, Real Estate
Lawyerly Lairs: A Cadwalader Castle in the Sky
Partners at high-powered Cadwalader, Wickersham & Taft, where profits per partner in 2010 clocked in at almost $2.4 million, appreciate the finer things in life. Thankfully there are some CWT partners who are kicking it old school. They live in exclusive prewar coops on Manhattan's Upper East Side. Let's look at the Lawyerly Lair that a senior Cadwalader lawyer recently acquired -- on Park Avenue, one of the world's legendary thoroughfares -- for just a shade under $6 million.... -
Biglaw, In-House Counsel, Job Searches, Partner Issues
Inside Straight: Silly Email Of The Year Award
The “commenters” at Above the Law are — as you know if you’ve ever looked — a tough crowd. If you’re a partner at a big firm, then you’re a loser, because you’re a workaholic stiff with no life. If you’re a partner at a small firm, then you’re a loser, because you couldn’t succeed […] -
Airplanes / Aviation, Books, Boutique Law Firms, Guns / Firearms, LLMs, Musical Chairs, Non-Sequiturs, Partner Issues, Small Law Firms, Trials
Non-Sequiturs: 01.19.12
* Dressing shrinks as wizards when they testify would be an AWESOME idea. I’m serious. Why can’t we have this? And titles, too. “Your Honor, I call Dr. Freud — Ph.D in weakness management and keeper of the sacred staffs of Ivory guard — to the stand.” [Overlawyered] * iTextbooks! Could be awesome, could widen […] -
Biglaw, General Counsel, In-House Counsel, Partner Issues
Inside Straight: If You Touch It, It's Yours!
Here’s the sad rule: If it comes across your desk, then you’re responsible for it. Period. That’s the rule at law firms. It was my rule when I worked at a firm, and it’s the rule that I now impose on outside lawyers. Thus, when I was a partner, I did not tolerate this excuse […]
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Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
Legal AI: 3 Steps Law Firms Should Take Now
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Biglaw, Gender, Partner Issues, Women's Issues
So You Want to Make Partner? Expect a Long Wait -- and a Sausage Fest Once You Get There
The American Lawyer just published a wonderful study about making partner at the top Biglaw firms. The publication analyzed all of the new partner hires at 97 of the Am Law 100 firms. Here are the top-line results: Only one third of new partners were women, and the average wait for partnership was 10.5 years. Oh, and there's a chart that shows which firms were really hostile toward making new female partners.... -
4th Circuit, Biglaw, Election 2012, Election Law, Google / Search Engines, Law Schools, Lindsay Lohan, Morning Docket, Partner Issues, Politics, United Kingdom / Great Britain, Women's Issues
Morning Docket: 01.18.12
* The Fourth Circuit denied Rick Perry’s Virginia election law appeal in about four seconds flat. Not like it matters. He’s probably going to be out of the race come Saturday. [Washington Wire / Wall Street Journal] * Women are having trouble making equity partner in Biglaw firms, and not because of the glass ceiling […]
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Biglaw, Divorce Train Wrecks, Edwards Angell Palmer & Dodge, Edwards Wildman, Partner Issues, Sex, Sex Scandals, Wildman Harrold
Wild Alleged Love Triangle at Edwards Wildman
In chapter 19 of The Prince, Machaivelli suggests restrictions on the Prince's absolute power. Machiavelli essentially argues that the Prince must not take the people's sheep ("sheep" being a metaphor for the ability of peasants to have enough food) or their women ("women" being a metaphor for women). This advice applies just as easily to a totalitarian ruler of a country as it does to a managing partner of a law firm. Managing partners, ignore Machiavelli at your peril. You could end up with a full-scale revolt on your hands -- or, at the very least, an embarrassing lawsuit from a former, allegedly cuckolded partner.... -
American Bar Association / ABA, Associate Bonus Watch 2011, Bloomberg, Bonuses, Job Searches, Law Schools, Partner Issues, Partner Profits, Unemployment, Videos, YouTube
Is the Legal Recession Finally Ending?
At the start of this new year, what is the outlook like for legal employment? There's certainly a fair amount of bad news out there, particularly for recent law school graduates. But what about for denizens of Biglaw, the lawyers fortunate (or unfortunate) enough to work at the nation's largest law firms? What does 2012 hold for them? Earlier this month, Elie made some predictions for the legal profession. Lat will follow in his footsteps and venture some prophecies of his own for the year.... -
Biglaw, Crime, Gay, Money, Partner Issues, Partner Profits, Sentencing Law, Tax Law, Weirdness, White-Collar Crime
Former S&C Partner Gets Sentenced for Tax Offenses
Last August, John J. O'Brien, who was once a highly regarded and well-liked partner in the celebrated M&A practice of Sullivan & Cromwell, pleaded guilty to four misdemeanor tax offenses. In the end, he pleaded guilty to failing to file taxes relating to $9.2 million in partnership income, for tax years 2003 to 2008. Earlier this week, O'Brien was sentenced. So is O'Brien trading Biglaw for the Big House? And if so, how long a sentence did he receive? -
Advertising, Career Center, Job Searches, Partner Issues, Partner Profits, Shameless Plugs, This Is an Ad
Career Center: Looking for Greener Pastures - Tips for Partners Wanting to Switch Firms
Despite the lukewarm job market, the lateral market for partners is going strong. Still, not all partner candidates are created equal. Whether you are trying to lateral to a big firm or a small firm, there are several considerations firms must analyze during the partner vetting process. Unlike the promotion of an internal candidate, a […] -
Allen & Overy, Biglaw, Gender, Jews, Litigators, Litigatrix, Partner Issues, Religion, Screw-Ups, Women's Issues
Oy Vey! Milbank Mistakenly Touts 'Only Orthodox Jewish Woman Partner' in Biglaw
Milbank Tweed, in a recent press release about its new partnership class, gave a special shout-out to Atara Miller. It identified Miller as "likely the only Orthodox Jewish woman partner at a major Wall Street firm." A big shot in Biglaw, and a baleboste to boot. But is it accurate to assert that Miller is unique?