Last week, we asked readers to submit possible captions for this photo:
On Thursday, you voted on the finalists, and now it’s time to announce our caption contest winner…
The pages of Above the Law are littered with lawyers who have tried to use their status as legal eagles to get out of brushes with law enforcement. Not their legal knowledge — smart lawyers who have run-ins with the law keep their mouths shut, don’t blow, and save their arguments for judges instead of arresting officers. But smart attorneys make for boring stories.
It’s the people who think that just being a lawyer will keep them out of jail who bring the real fun. Once a cop gets a look at your Cravath prestige points (or the local equivalent), he’ll just look the other way and allow you to stumble to your car.
Think of folks like the young associate who allegedly told a police officer, “You are going to… die. I’m a lawyer. You can Google me.” Or the future prosecutor who allegedly said, “I start with the Linn County Prosecutor’s Office next Tuesday. I want you to arrest me for not signing this.” Or the prominent lawyer who allegedly said, “You can’t arrest me. I represent Seattle and King County. You are making a mistake.”
Well, today we have another classy Seattle legal lady. But this one allegedly did her talking not just with her mouth, but with her anus…
Last week, we asked our readers to submit their entries for Above the Law’s “Notorious R.B.G.” contest.
Let’s take a look at what they were able to come up with, and then vote on the finalists…
Are the Weil Gotshal layoffs a harbinger of a rough second-half of the year for Biglaw? Early signs are not encouraging. Since last week we’ve seen office closings, secretary firings, and the amibiguous WilmerHale goings-on. There is a palpable tension in the wake of the Weil cuts. Where do we go from here? What, if any, will be the follow-on effect of Weil’s move?
In the wake of the Weil cuts, our friend Bruce MacEwen gave an interesting interview to Bloomberg Law’s Lee Pacchia. Bruce speculated that there is possibility of up to 10% overcapacity in Biglaw, and the supply and demand curves for legal talent have permanently shifted. In Bruce’s view, Weil is “very much ahead of the curve.” Ominous tidings for associates everywhere. There’s an interesting point in the interview where Pacchia wonders whether the legal profession will ever return to a “halcyon era” where law firm partners’ immediate self-interest is minimized in favor of long-term stewardship. Bruce, channeling Clubber Lang, responds that the only thing that will return us to that golden era, if it ever existed, is more pain.
Last week we conducted a research poll asking for your take on whether the Weil layoffs signal an oncoming reprise of the Biglaw bloodbath of 2008-09 or a singular phenomenon. Let’s look at the results of our poll and some choice highlights from your responses….
Elie here. In sports, we assess the legacy of athletes after every game. In politics, we assess the legacy of elected officials after every vote or scandal. So why can’t we do the same for Supreme Court justices?
In case you’ve been living under a rock, it’s been a pretty big week over at One First Street. The Court has decided a number of high-profile, controversial cases. Those decisions have come down with strong holdings, blistering dissents, and stinging concurrences. Each justice is aware that the words they’ve published this week could be around for a long time, long after they’re dead, and will be judged by history.
But who has time to wait for history? David Lat and I engage in some instant legacy analysis on what this week has meant for each of the nine justices on the Supreme Court. Let’s break it down in order of seniority, starting with the Chief….
This year has seen a grim procession of law firm layoff news, which seemed to pick up momentum just yesterday with the Weil Gotshal lawyer layoffs and the Jones Day staff cuts. Are we looking at a 2008 redux, or is this just a bump in the road as the economy makes its slow recovery?
The Weil news was particularly stunning. If any firm seemed poised to thrive in the post-recession “new normal,” it was Weil, with its diversified practices and hegemonic restructuring group. Alas, with yesterday’s news of Weil’s decision to cut 7% of its associates and slash annual compensation for 10% of its partners by hundreds of thousands of dollars, it is clear that Biglaw job security is a thing of the past.
Let’s explore the reasons behind law firm layoffs, review a chronology of recent reductions, and obtain your views through a reader survey….