Paul Hastings

DLA Piper Partner Picks A Penalty For Public Intoxication

By Elie Mystal

I’m a man who likes to drink. In public. Often to the point of intoxication. So I’m not here to judge anybody who goes out and gets drunk. I’m not a hypocrite.

But I will say that it’s been a while since I went out on an epic bender. Something about getting older. You just feel the vomitous black-out coming on and it’s hard to push beyond that barrier.

Well, it’s hard for me. Maybe not so much for Laura L. Flippin. She’s a lawyer, a partner at DLA Piper. The Washington Post reports that last month she got charged with public intoxication.

The police report states that Laura Flippin’s blood alcohol level was .253, which is flippin’ epic…

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Best Way to Brag About an Offer: Just Lay It Out And Bask In Your Own Glory

By Elie Mystal & Staci Zaretsky

Don’t get me wrong, I don’t necessarily think that it’s wrong to brag about receiving an offer in front of your friends, family, and total strangers. I personally subscribe to the Major League theory that you don’t want to be dancing in front of somebody who just died, but I understand that most of the kids these days have never even seen the movie I just referenced.

For the millennials, bragging comes so naturally they don’t even realize when they’re doing it. It’s like their biological imperatives are to survive, reproduce, and post evidence of it on Facebook.

Which is fine. I mean, just because somebody is bragging doesn’t mean you have to care. For instance, today we’ve got a kid bragging about getting an offer from a particular Biglaw firm. Some people will be envious; other people are going to make jokes about coat hangers. To each his own….

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Two Partners Leave Paul Hastings for Nixon Peabody
(Plus Paul Hastings staff layoffs.)

By David Lat

During 2011, Paul Hastings has been picking up partners. We previously mentioned their acquiring two prominent leveraged finance lawyers, Michael Michetti and Rich Farley, from Cahill Gordon. Additional hires, including Michael Baker from Shearman & Sterling and Steven Park from Finnegan Henderson, are listed on the PH website.

Like any large firm, however, Paul Hastings loses partners too. We’ve just learned of two partners who are ankling PH for Nixon Peabody.

Let’s find out who they are, get the backstory on their departures, and also obtain the 411 on some PH staff layoffs….

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(Plus Paul Hastings staff layoffs.)“

Youngblood v. Irell & Manella: The Law Firm Fights Back
Firm denies claims and moves for arbitration.

By David Lat

Juliette Youngblood and Morgan Chu

Last month, Juliette Youngblood, an ex-partner at the elite California law firm of Irell & Manella, filed suit against her former firm. In her lawsuit for sex discrimination and wrongful termination, Youngblood advanced a whole host of salacious allegations — including a report of sexual harassment by Morgan Chu, arguably the nation’s #1 intellectual-property litigator.

Irell did not respond to the lawsuit at the time. Now it has, in a blistering 22-page filing that calls Youngblood’s claims “meritless” and “utterly false, complete fabrications manufactured out of whole cloth.”

What does the firm have to say about the specific claims made by Youngblood — such as the allegation that a drunken Morgan Chu made inappropriate and offensive comments to her at a firm happy hour, including remarks about her physical appearance and about “objects entering [Youngblood's] body”?

And what do ATL sources, including readers familiar with both Youngblood and Irell, think of the situation?

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Firm denies claims and moves for arbitration.“

Small Firms, Big Lawyers: Small Firms with Big Names

By Jay Shepherd

A friend of mine is a plaintiff’s lawyer in Boston. We’ve opposed each other on several cases, and our interactions (always on the phone; weirdly, we’ve never met in person) are characterized by good-natured but acerbic jabs. Typically, he would bemoan my clients’ “colossally stupid” behavior. For my part, I would make fun of his firm’s name.

Don’t get me wrong: his firm is one of the most respected plaintiff’s firms in town. But its name follows the classic ego-gratifying law-firm style of putting all the partners’ surnames on the letterhead. With Biglaw firms, this doesn’t matter much, because the name partners tend to be, well, not-so-much alive. And the sheer number of partners at big firms means that ego notwithstanding, most aren’t getting their names on the sign.

But small firms have (by definition) fewer partners — with just as much ego. And they tend to be living. So the firm names are long and subject to frequent change.

Why is this a problem for small firms, and what they should do about it?

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Paul Hastings To Become… Paul Hastings. But Now It’s ‘Official.’

By Elie Mystal

I don’t know who Janofsky and Walker angered, but they are off the marquee at Paul Hastings. Yep, this Friday, “Paul, Hastings, Janofsky & LLP” will officially become “Paul Hastings.”

We’ve already noticed that Paul Hastings has a snazzy new logo.

But did you know that Paul Hastings also has a video to go along with their rebranding? Oh yes they do! Clearly, Messrs. Janofsky and Walker were just way too inside the box for the new and exciting Paul Hastings…

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Musical Chairs: Paul Hastings Snags Another Leveraged Finance Partner from Cahill

By David Lat

Back in March, we wrote about the mysterious departure from Cahill Gordon of leveraged finance partner Michael Michetti. Now, three months later, we can report that the Michael Michetti mystery has been solved: he is joining Paul Hastings, which just trumpeted his arrival in a press release.

Michetti is not the first former Cahill partner to join Paul Hastings in 2011. Just last month, Rich Farley, another leveraged finance partner, hopped over to Paul Hastings.

On the whole, Cahill has been flourishing as a firm — and sharing the bounty with its associates. Recall the firm’s recent mid-year bonuses, which were very well-received.

But do the departures of Messrs. Farley and Michetti reflect trouble in paradise? Let’s hear some of the scuttlebutt….

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The 2011 Am Law A-List

By Staci Zaretsky

It’s that time of the year again: American Lawyer magazine has just released its A-List for 2011. The Am Law rankings attempt to evaluate which law firms have got the right stuff to become elite:

The A-List was created in 2003 in an effort to assess (and rank) the nation’s largest and most prominent law firms in a holistic way. It takes into account financial performance, which is represented by the inclusion of firms’ revenue per lawyer, and other important measures of law firm performance, such as attorney diversity, pro bono work, and associate satisfaction. The latter is measured by a firm’s results on our Associates Survey. Pro bono and diversity scores are also a reflection of a firm’s showing on our annual Pro Bono Survey and Diversity Scorecard.

So, which firms made the grade this year? And which firms are the true elite of the elite?

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NALP 2011: Performance-Based Compensation Systems

By David Lat

The official title of the NALP conference panel that I attended on merit-based compensation contained a playful shout-out to Sarah Palin: “How Is That Performance-Based Compensation System Working for Ya?”

The panel was originally supposed to have featured a representative of the now-defunct Howrey law firm. So the snarky answer to the question presented might be, “Not well.” (In fairness to merit-based compensation, however, Howrey’s dissolution didn’t have much to do with its model for training, promoting, and compensating associates.)

No mention of Howrey was made during the introductory remarks (or anywhere else in the discussion, for that matter). Rather, the panel focused on the positive — and offered useful advice for firms that are contemplating adoption of performance-based systems….

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Fame Brief: Former Paul Hastings Associate May Be America’s Next Great Restaurateur

By Marin

What do you get when you cross Top Chef with Mark Cuban’s The Benefactor (anybody remember that? HA), steal half the name of America’s Next Top Model, and throw in inexplicably famous “chef” Curtis Stone? Only the single greatest reality show on NBC during the 8 p.m. time slot on Sundays: America’s Next Great Restaurant. 

This groundbreaking pilot’s premise is that people who did boring things with their lives because they were too poor or risk-averse pitch restaurant franchise ideas to Curtis, Bobby Flay, and two other judges that nobody recognizes, who then back the winner with money from NBC’s budget their own wallets to open three identical restaurants so they can fail in three different cities at the same time.

As you may have guessed, America is not watching, the show is not Great, and I somehow doubt that The Spice Coast (or whichever proposed restaurant wins) will threaten the national hegemony of McDonald’s, although I might order it from Seamless Web.  If I liked Indian food. Which I do not.

In any event, competing in “ANGR” is one of our own…

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Associate Bonus Watch: Paul Hastings Consolidates Regular and Spring Bonus News Into One Money Orgy Announcement

By Elie Mystal

Paul Hastings is throwing cash around. At least, that’s the impression it’s trying to give off. Unlike the firms that announced regular bonuses back in December and spring bonuses in the new year, Paul Hastings held off on a December bonus announcement and is only now coming out with its full bonus package.

And Paul Hastings isn’t a straight lockstep firm. Paul Hastings lists some bonus amounts available to the top-performing associates, but because of various merit factors, most associates will not be receiving those top figures, and some are not eligible for a bonus at all.

So while there is money flying all around the Paul Hastings bonus memo, it’s hard to tell how much of it will stick to real Paul Hastings associates…

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Howreying for the Exits: More Partner Departures; Bootcamp Gets the Boot

By David Lat

The spinning of the revolving door at the beleaguered Howrey law firm is making our heads spin here at Above the Law. Keeping track of all the partner departures is becoming quite the challenge. We’ve collected some links about the latest partner defections, after the jump.

At this rate, it’s not clear how many lawyers will be left for “rescue” by white knight Winston & Strawn. (Protip: check the armor for bedbugs.)

Here’s some new (but hardly surprising) information: Howrey has canceled its summer program. Yes, the famous Howrey Bootcamp, touted by the firm as “[f]ar more intense and rewarding than traditional summer associate programs,” and offering “an entirely unique approach to associate recruitment and training.”

Bootcamp participants received intensive litigation training — and inspirational poetry from firm CEO Robert Ruyak, which we share with you below….

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The Am Law Mid-Level Survey Is Out: And (Surprise) Mid-Levels Are Still Unhappy

By Elie Mystal

If you are a current midlevel associate at a top firm, that means you survived the worst of the Biglaw layoffs. In fact, it probably means you survived while friends and colleagues were having their careers ruined.

That should make you happy, right? Not according to the American Lawyer’s annual midlevel associate survey. The results, released this morning, show that midlevel associates are anything but satisfied with their careers. From the report:

Many people would consider Am Law 200 midlevel associates to be extremely fortunate. While thousands of their colleagues lost jobs, these young lawyers are gainfully employed with salaries in the six figures. The midlevels tell us that they survived the recession in part because of the quality of their work, and that they aren’t worried about losing their jobs going forward. And even though revenue and profits dipped at the majority of their firms, relative to other industries, Big Law wasn’t hit as hard during the recession. In many ways, once their student loans are paid off, midlevel associates’ prospects seem bright.

But that’s not how they see it. Maybe it’s the posttraumatic stress syndrome from watching so many associates and law firm staffers get the ax, but the midlevels who survived the great purge aren’t feeling particularly fortunate. In fact, they seem downright cranky.

Survivor’s guilt? Not bloody likely. The result are probably due to people working harder than they were before the recession for less pay and job security than they had before the recession. Add in the fact that their secretaries have probably been fired (and so the partners now treat them like paralegals), and the fact that they’re more likely to get struck by a bolt of lightning than make partner, and you can see why these people are a little disappointed with the way things have turned out.

I’ll pause now so all the members of the Lost Generation can comment on how they would change places with these disgruntled midlevels faster than one can ask “would you like fries with that”…

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Fall Recruiting Open Threads: Vault 31 – 40 (2011)

By Elie Mystal

We’ve gotten away from plowing through the latest Vault Rankings, but fear not. Your firm is coming up soon.

We’ve been through the top 30 firms. But now we’re getting into a group of firms that really utilized the cost-cutting measures of salary cuts and layoffs to weather the recession of 2009. Did these guys take a big prestige hit? Not really. Here’s the next batch of firms:

31. Mayer Brown
32. Milbank
33. Paul Hastings
34. Akin Gump
35. Allen & Overy
36. Fried Frank
37. Irell & Manella
38. Freshfields
39. Orrick, Herrington & Sutcliffe
40. Willkie Farr & Gallagher

Just off the top of my head, does anybody else think that Irell is coming in a little low?

Anyway, let’s get into these firms…

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ATL Summer Associate Event Contest: The Finalists

By Kashmir Hill

This summer is not as thrilling for law students as summers past. Firms have tightened their belts, and the law students lucky enough to snag one of the few summer associate positions out there are not getting the royal treatment. Or they are, but now the royal treatment is defined as allowing summers to order anything they want off the McDonald’s Dollar Menu (“All the McChickens and baked apple pies you can eat, 3Ls! But get it to go. There’s work to be done.”).

The Philadelphia Inquirer laments the decline of the summer associate experience:

The programs themselves, with trips abroad and lavish entertaining, could seem more like summer enrichment for precocious college students than real employment. But as a general rule, that sort of treatment is a thing of the past.

More typical is the summer program at the Wilmington office of Skadden, Arps, Slate, Meagher & Flom L.L.P., where Temple second-year Nick Mozal is spending his summer in corporate law. Mozal said there has been some entertaining, but the big event so far has been a night at a Phillies game.

Well, it is Wilmington. Are there better options than that?

But even in much more glamorous Philadelphia, the summer experience is lackluster:

James Lawlor, a Reed Smith partner who recruits and hires summer associates, said the firm has been doing less entertaining of summer associates, and when it does, it is more likely to schedule events at the firm’s Center City offices rather than at costly restaurants.

“We took away some of the bells and whistles,” Lawlor said.

Not all firms have silenced their bells and thrown out their whistles, though. After the jump, check out this year’s contenders for best summer associate event. And vote for the firm that should take home the shorter and smaller prize…

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Associate Bonus Watch: Paul Hastings Matches Cravath Scale Everywhere but Atlanta

By Elie Mystal

For two weeks we’ve been getting reports about Paul Hastings bonuses. Many people claim that they received bonuses on par with the Cravath scale. But there have been a dedicated few who claim they were jobbed by the firm at bonus time. This tipster captures the general feeling:

PH bonuses were just announced [last month] and some crazy stuff has been going on. The top performers are getting totally screwed as PH has a bonus grid and is not allowing anyone to go off of that set chart. The result is that the best people with the strongest evals and tons of hours are getting barely any more different than their peers who did the bare minimum. There are some extreme and specific examples.

We’ve been able to solve the mystery. Paul Hastings gave out Cravath-level bonuses in all of their offices except Atlanta. In Atlanta Paul Hastings tried to match the Atlanta market for total compensation — which resulted in bonuses below the Cravath scale. The firm gave us details on its decision….

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Open Thread: When Do You Start Work, Class of 2010?

By Kashmir Hill

start date 3Ls ready for Biglaw start dates.jpgLucky little 3Ls with offers, are you dreaming of the Biglaw days that await you? If your firm didn’t tell you last summer that you would be deferred, you should be hearing about your start date soon… right?
Some people have started hearing news. Those heading to White & Case have not gotten start dates but they have heard about their deferral stipend. From a firm e-mail:

We are pleased to confirm that we will be paying a stipend of US$65,000 to students whose start dates have been deferred to Fall 2011. Almost all of you have accepted your offers, and we look forward to having you back at the Firm.

Some especially lucky little 3Ls actually know when they get to start…

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Paul Hastings Partner Defections: And Then There Were Six

By Elie Mystal

Haynes Boone logo.jpgThe number of Paul Hastings real estate partners fleeing for Haynes and Boone keeps growing. Initially, Paul Hastings admitted that three of its real estate partners were leaving. But then Haynes and Boone sources confirmed that they were poaching four PH RE partners — including Steven Koch, the administrative head of Paul Hastings’s real estate practice.
Today, HayBoo is out with an announcement that they’ve picked up six PH partners, all in the real estate group. From the Haynes and Boone press release:

In a major expansion of its East Coast real estate, finance and real estate restructuring practices, Haynes and Boone, LLP announces the addition of six partners who bring a wealth of experience, particularly representing top-tier New York financial institutions, real estate funds and private equity groups.

Sources report that the additional two partners had tried to keep their pending defection secret from the general Paul Hastings public. Maybe they didn’t want to become the subject of a bidding war between the firms?
The other two names and more details after the jump.

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Haynes and Boone Picks Up Paul Hastings Real Estate Partners

By Elie Mystal

haynes and boone logo.JPGEarlier this morning, we reported that three (or four) real estate partners were on their way out of Paul Hastings. Now we’re hearing that the partners weren’t “forced out.” Instead, they were actively recruited by Haynes and Boone and gave notice to Paul Hastings management on Monday.
Haynes and Boone sources confirm that Bob Grados, Ken Friedman, and Walter Schleimer will start at Haynes and Boone’s New York office on Monday.
And a fourth Paul Hastings partner will be joining them. It might help to explain why Paul Hastings sources thought the first three partners were pushed out in the first place.
Details after the jump.

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Paul Hastings: Three Partners Told to Pack Their Bags

By Elie Mystal

Paul Hastings logo.JPGUPDATE: We have additional coverage on this story here.
Associate layoffs are sometimes conducted in a stealth manner. Partner layoffs are always conducted in secret. Forcing out partners has been a big part of the Great Recession. But when firms “quietly ask partners to leave,” the information actually stays pretty quiet.
But last night, the Above the Law inbox started buzzing with news that four real estate partners had been asked to leave Paul Hastings.
UPDATE: Sources now report that only three partners are being asked to leave.
How do we know this? Well, Paul Hastings may have quietly asked these people to leave, but their offices were packed up loudly.
We understand that all of the departures are in Paul Hastings’s New York real estate department. We’ve got the names, details, and a firm statement, after the jump.

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