Partner Issues

Let’s play a game of law firm word association. What words come to mind when I say Skadden Arps?

Prestigious? Yes.

Profitable? Definitely.

Sweatshop? Perhaps; some sources say the hours can be “long and unpredictable.”

Funky?

Yes, you heard me: funky….

double red triangle arrows Continue reading “Skadden Arps And The Funky Bunch”

I’ve just celebrated my fourth anniversary working in-house, and I’m now officially out of touch with law firm life.

I thought I knew all the law-firm-partnership tricks. For example, when law students ask at interviews what percentage of firm partners hold equity status, some firms answer: “At this firm, all partners are partners.” That’s true, of course, but tautological; it says nothing about the equity and non-equity ranks.

On the other hand, this non-responsive answer serves a useful purpose. It may help to convince law students (or lateral associates) that they have a real chance at making partner at the firm, even though the equity partnership ranks are tiny and getting thinner every day.

But I recently learned about a new game that law firms play. This one is aimed not at deceiving law students or lateral associates, but rather the granddaddy of law firm rankings: The American Lawyer’s profits per partner calculation.

I thought I knew all the ways law firms could try to mislead The American Lawyer. There’s the possibility of outright lying, of course, and then there’s using funky methodologies that inflate profits per partner from $1 million to $1.8 million for the year 2011. But there’s a new game in town. It may well be widespread, but I heard about it only recently….

double red triangle arrows Continue reading “On ‘Hybrid’ Partners And The Games Law Firms Play”

It’s been viewed online nearly 7 million times. Sheryl Sandberg calls it one of the most important documents ever to come out of Silicon Valley. And it was created by the company whose stock increased in 2013 more than any other’s in the S&P 500—up nearly 350%.

“It” is a 126-slide PowerPoint called “Netflix Culture: Freedom & Responsibility,” and it outlines Netflix’s approach to just that—culture—although it has primarily been interpreted as a “reinvention” of HR, as this Harvard Business Review article puts it.

Going through the entire PowerPoint (I have) is valuable in and of itself; if nothing else, you’ll see how very well done PowerPoints can be, for a change. But the HBR article, written by the former head of HR at Netflix itself, distills their approach to talent into five tenets based on two key insights into how people actually feel about performing their jobs…

double red triangle arrows Continue reading “From Across The Desk: See Talent. Liberate It.”

Last week, we mentioned that Winston & Strawn partner Gene Schaerr is leaving the firm to represent Utah in its gay marriage squabble against equal rights. By all accounts, Schaerr is a terrific lawyer. The BYU and Yale Law School grad served as head of Winston & Strawn’s Appellate and Critical Motions Practice.

It’s a little bit surprising that Schaerr took the extraordinary step of leaving the firm to take this case. The move caused some online commentators to speculate that Schaerr left W&S because of the firm’s work with LGBT groups… or even because W&S has an LGBT affinity group at the firm.

Well, we now have Schaerr’s actual departure memo, the one that he sent out firm-wide. Utah Attorney General Sean Reyes suggested that Schaerr left the firm simply so he could “focus” on this important case. You can read the departure memo and judge Gene Schaerr’s motivations for yourselves…

double red triangle arrows Continue reading “Departure Gospel Of The Day”

Dude, I thought a graduate of Duke University would have more to offer… maybe you should ask for a refund.

Chance Addison, the owner of Addison E-Cigarette LLC, in an email sent to William M. Bryner of Kilpatrick Townsend & Stockton. Bryner is representing a subsidiary of Reynolds American in a product marketing suit against Addison.

Addison’s communications with Bryner “have become increasingly profane, menacing and harassing, and include veiled threats to court personnel,” and a temporary no-contact order was issued after Addison randomly showed up at the firm’s office, unannounced and uninvited.

(Want to see more of Chance Addison’s entertaining emails? We’ve got ‘em.)

double red triangle arrows Continue reading “Pro Se Litigant Trolls Biglaw Partner About Quality Of His Law Degree”

Ed. note: Gaston Kroub is on vacation this week. Today’s column is written by one of his partners, Zachary Silbersher.

When my partners and I sat down to form our new law firm, I savored the opportunity to string our names together and add the letters “LLP” at their end — for so long, “LLP” has been the quiet emblem of the professionalism and studied judgment embodied in law firms throughout the country (whether that is true or not). To my chagrin, albeit for tax reasons, we decided to forego forming a limited-liability partnership in lieu of a PLLC. In structure, we would be a corporation rather than a partnership. Yet, corporate structure aside, our experiences so far have embodied the ups and downs of working together as a real partnership.

True partnership is not something that many associates, counsel or even junior partners have likely experienced at Biglaw. Be it corporate or litigation, real estate or tax, matters are typically staffed hierarchically. Having practiced litigation for several years, I have undoubtedly felt extraordinary camaraderie with the attorneys on the cases on which I have been staffed. Yet, there are always clear lines. Lines between the attorneys to whom I was delegating work, and those from whom I was assigned work. Those lines demarcate disparities in income, responsibility, work, expectation. I am not saying that the system does not work. However, except for select senior partners, the idea of working in a partnership is not typically a sentiment shared among most Biglaw attorneys.

Being part of a partnership has already changed the way I think about my work….

double red triangle arrows Continue reading “Beyond Biglaw: Making Partner”

Partnership: Biglaw’s ultimate brass ring.

Becoming a Biglaw partner does not necessarily mean you’ll live happily ever after. It doesn’t even guarantee financial security. Indeed, some partners end up filing for personal bankruptcy.

But that’s an anomalous case. Partnership at a major law firm might not guarantee you happiness — sometimes you have to leave the partnership to follow your bliss — but it generally brings with it tremendous pay and prestige.

That’s especially true of partnership at the nation’s 10 most prestigious large law firms. Most of them have only a single partnership tier — equity or bust, baby — and sky-high profits.

Who are the new partners at these 10 firms, and what do their selections reveal about Biglaw today?

double red triangle arrows Continue reading “New Partner Watch: Incoming Partner Classes at 10 Top Firms”

Let’s be honest: despite being the Biglaw version of the Titanic, the collapse of Dewey & LeBoeuf could have been worse. Even though the Dewey dissolution constituted the largest law firm collapse in history, many D&L lawyers and staff were able to find new employment. Even Steve Davis, the disgraced ex-chairman of Dewey, landed a new gig.

But not everyone emerged unscathed. Some attorneys and staffers never got back on their feet professionally. Many Dewey partners scored new positions, but not all of them took all of their people with them to their new firms.

And even some partners are still suffering. In fact, one former Dewey partner, now a partner at another major law firm, recently filed for personal bankruptcy….

(Please note the UPDATE at the end of this post.)

double red triangle arrows Continue reading “Dewey Know A Biglaw Partner Driven Into Personal Bankruptcy By The Firm’s Collapse?”

* Dewey think you should’ve signed up for the partnership contribution plan? That probably would’ve been wise. One of Dewey & LeBoeuf’s ex-service partners has been forced into Chapter 7 bankruptcy thanks to a clawback suit. [Am Law Daily]

* As long as the job market for new attorneys remains laughable, law schools will continue to make moves when it comes to deep tuition cuts. Say hello to a $30K drop in sticker price, Roger Williams University Law students. [WSJ Law Blog (sub. req.)]

* Syracuse Law’s class sizes keep getting smaller, but it was “strategically managed” — just like the new law building was financially strategically managed on the backs of alumni and their tuition. [Daily Orange]

* A trial date was set for Dzhokhar Tsarnaev’s friends who allegedly tried to cover up his role in the Boston bombings. No word yet on whether any stupid girls have set up fan clubs for them. [National Law Journal]

* The curtains are finally closing on the King of Pop’s life: Lloyd’s of London settled its insurance suit with Michael Jackson’s estate, and Conrad Murray’s involuntary manslaughter conviction was upheld. [AP]

He’s great at servicing clients.

Which Biglaw firms are the best? Which Biglaw firms are the best in terms of providing quality client service? Those are two very different questions. Just because a particular law firm is classified as being one of the best does not mean it isn’t chock full of arrogant a-holes (there’s actually a ranking for that). On the other hand, just because a law firm is overflowing with arrogant a-holes does not mean that it isn’t one of the best. It can be a fairly complicated equation, and general counsel are often forced to pick the perfect sweet spot when choosing outside counsel for litigation matters.

How does your firm stack up against the others, and how can you increase the likelihood that yours will be chosen to represent some of the biggest brands in the business? Being rated as one of the “absolute best” by general counsel in terms of client service will certainly give your firm a fighting chance.

Did your firm make this year’s ranking of the Client Service 30? Take a look and find out…

double red triangle arrows Continue reading “In-House Counsel Rank (Some Of) Biglaw’s Most Arrogant Firms For Client Service”

Page 8 of 1031...456789101112...103