Sheppard Mullin

Today we wrap up coverage of the top California partners to work for, as selected by our readers (see Part 1 here).

These six partners have diverse practices that range from real estate, to labor and employment, to IP, and work at some of the nation’s finest firms: Cooley, DLA Piper, Sheppard Mullin, Jones Day, Bingham McCutchen, and Best Best & Krieger.

Let’s find out why associates are thrilled to be working for these partners….

double red triangle arrows Continue reading “Career Center Survey Results: Top Partners to Work For – California (Part 2)”

The economy must be heating up, because lawyers are leaving their jobs to do all kinds of crazy things. I mean, maybe the legal economy is still crappy, since these people aren’t leaving for other legal jobs. But there must be a general sense of optimism if all of these people have decided to just “walk the Earth,” as it were.

We had the guy who decided to quit Sidley to walk across the country. I’m following him on Twitter. He’s near the Chesapeake and his feet hurt. Then we had the guy who left Skadden to move to Nepal.

Now we’ve got a person who is leaving her Biglaw job to take photos. No, she doesn’t have a job or anything, but she wants one!

double red triangle arrows Continue reading “Departure Memo of the Day: Take a Picture of Your Bank Account Because It’ll Never Look This Good Again”

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….

double red triangle arrows Continue reading “Howreying for the Exits: More Partner Departures; Bootcamp Gets the Boot”

As we’ve been trying to tell people, paying associates less than a $160K starting salary is just not something that Biglaw firms should be doing. Everybody got very excited in 2009 when they thought that there was an opportunity to keep profits high by squeezing entry level associates, but it turns out that pay cuts were a short-sighted move. The vast majority of the Am Law 100 firms never left the $160K scale. The few who did are slowly coming back to the light.

Such is the case with Sheppard Mullin. A couple of weeks ago, we reported that Sheppard was still mucking around in the non-competitive $145K range. Today we’ve received word that Sheppard is doing the right thing by its junior associates and restoring the $160,000 starting salary…

double red triangle arrows Continue reading “Sheppard Mullin Comes Back to the Light of $160K”

The heady days of the “mutual assured destruction” approach to associate compensation by Biglaw firms are behind us. But some associates would still like to see how they are doing in comparison to their colleagues at other firms. A tipster recently wrote us:

Can you do a post requesting commenters to post grade schedules a la greedyassociates back in the day showing salary per year. This would make comparisons easier. I’ll start:

Sheppard Mullin
1st year 145K
2nd 160
3rd 170
4th 185
5th 210
6th 225
then it gets vague with a range from 240-265K.

Some of this information is available in the firm profiles on the Above the Law Career Center. But as good greedy Sheppard-ite must know, comparing salaries is much more complicated these days due to some firms instituting merit-based compensation models.

WilmerHale is one of those firms. Yesterday, Wilmer released its projected salary structure for 2011. We’ll see if it’s a merit-based market leader…

double red triangle arrows Continue reading “WilmerHale Brings Clarity to Its Merit-Based Compensation Program”

It’s pretty tough being a first-year associate these days. You’re working hard, you’re terrified of getting Lathamed, and you can’t even complain, because everybody thinks you should be grateful to have a job.

But at least you don’t have to deal with bright and unbroken summer associates, rolling through your office with smoke billowing up their asses at every point. The recession has taken its toll on summer associate programs too.

At Sheppard Mullin, however, summer associates are actually making more money (per paycheck) than first-year associates. In fact, the summers are even making more than some second-year associates.

How did this happen?

double red triangle arrows Continue reading “Sheppard Mullin ‘Anomaly’ Leaves First-Years Making Less Than Summer Associates”

comparing.jpgHere we are. The end of the Vault 100.
To be on the Vault 100 is to be a well-known firm. Sure, maybe not well-known to law students or junior associates who can’t see past the mountain of doc review boxes in their windowless conference rooms. But known to partners … and clients. Look down your nose at these firms if you wish, but remember the old African proverb: “The smallest elephant can still crush your Lexus.”
Here is the final batch of top law firms for discussion:

91. Stroock & Stroock & Lavan
92. Blank Rome
93. Seyfarth Shaw
94. Kramer Levin Naftalis & Frankel
95. Manatt Phelps & Phillips
96. Squire Sanders & Dempsey
97. Sheppard Mullin Richter & Hampton
98. Patterson Belknap Webb & Tyler
99. Wiley Rein
100. Mintz Levin Cohn Ferris Glovsky and Popeo

What say you about these fine firms? Some final thoughts after the jump.

double red triangle arrows Continue reading “Fall Recruiting Open Thread: Vault 91 – 100 (2010)”

sheppard mullin toilets.jpgThe executive director of Sheppard Mullin sent out an email to the Los Angeles office yesterday with the following subject: “Copycat Urinater.” Here’s an excerpt:

A few weeks ago, someone urinated on the floor and two of the toilet seats in women’s room on the 43rd Floor. I reviewed the security tapes and interviewed those entering the restroom over the two hour stretch preceding the first report of the incident. Unfortunately, each person interviewed recalled seeing the mess but simply elected to use a clean toilet and did not report what they had seen. This is not the first time something like this has happened in a Sheppard Mullin women’s room. We had similar problem on the 41st Floor some time ago. Due to the vigilance of the ladies on 41, the perpetrator was identified and corrective active taken. That person is no longer with the Firm.

Nationwide Layoff Watch: Toilet seat sprayers at Sheppard Mullin.
Sheppard executive director Robert Zuber is third in command, according to this firm facts page. Apparently, potty puddle investigations fall within an ED’s job responsibilities.
More discussion, plus the full email from Zuber, after the jump.

double red triangle arrows Continue reading “Sheppard Mullin Potty Puddle Watch: Make sure to wipe the seat, ladies.”

Morning Docket 04.28.09

Marc Dreier Marc S Dreier LLP.jpg* Marc Dreier will plead guilty on May 11. Defense attorney Gerald Shargel said he “wants to enter the plea to demonstrate his acceptance of responsibility and his profound remorse.” Or maybe it’s just because he ran out of money to pay Shargel. [Forbes]

* Forget the office attire debate over suit vs. blazer and skirt suit vs. pant suit. Mexico City attorneys are sporting surgical masks. (And midtown Manhattan firms, watch out. There’s been an outbreak at Ernst & Young’s Times Square office. Okay, not an outbreak. One case. But we feel a strange journalistic urge to fan the flames of panic.) [National Law Journal]

* Is it just us or do the media seem gleeful about the fact that summer associates will actually have to work hard this summer? [Forbes]

* Alleged Craigslist killer and BU med student Philip Markoff could afford a $1,400 luxury one-bedroom in Quincy, but can’t afford an attorney. [Boston Globe]

* Maybe Markoff should burglarize some cars in order to fence stolen property to pay his lawyer. That’s what this Wisconsin teen tried to do. [United Press International]

* No more getting freaky in Chicago. Illinois Attorney General Lisa Madigan demands that Craigslist take down its erotic services section. Like other state AGs, she is doing it in response to the Craigslist killings, but the legal issue is that people are getting freaky for money, and that Craigslist is not donating the profits to charity. [Los Angeles Times]

* Sheppard Mullin’s LA office had a scary Friday. [Contra Costa Times]

sheppard Mullin logo.JPGSheppard Mullin could have gone the full “stealth” layoff route. The firm has been laying off people incrementally over the past couple of months for a variety of reasons: some performance based, others because of the economy. The firm could have left former employees confused and current employees frightened about what is going on at the firm.

But this evening the firm decided to come clean and present the information in a reasonable and straight forward manner. In response to an inquiry from Above the Law, the firm released this statement:

At yesterday’s meeting of the Sheppard Mullin Associates’ Forum, firm management announced that by the end of this week about 25 attorneys firmwide will have been let go since the beginning of the year. Some of these terminations were performance-related; others were true “lay-offs,” done in order to adjust professional staff levels in practice groups whose level of business has been adversely affected by the economic downturn.

The terminations have been carried out incrementally over the last two months, because firm management has very carefully assessed each associate’s performance in the context of the level of work projected for the associate’s practice group.

As we said a long time ago, there are attorneys out there who would have been fired during any economy. But given the current economic climate, there are a lot of people being let go that would have been able to hang on if times were better.

With this statement, Sheppard Mullin is at least replacing a lot of speculation with solid facts.

Good luck to the 25 people let go — regardless of the reason. The economy can’t stay this terrible forever.

Earlier: Prior ATL coverage of law firm layoffs

pay freeze salary freeze pay cut law firm.jpgAs we noted in yesterday’s Morning Docket, even the New York Times has taken note of the salary freeze trend at law firms. The Times reached out to Above The Law’s own David Lat for the story:

Although many associates are angry about the freezes, others are relieved, said David Lat, founding editor of AboveTheLaw.com, a blog about law firms and the profession.

“There is this sense that firms didn’t act prudently during the boom and now they are getting religion, and that it’s better late than never,” Mr. Lat said. “Many associates we have spoken to think the freeze probably saved jobs.”

At the beginning of the month, we did a round-up of firms that have frozen 2009 salary rates at 2008 levels. That list was 16 firms long. Since then, quite a few other firms have announced freezes. Due to frequent requests, we’re updating the round-up list since the number of firms with freezes (that we know of) has more than doubled, to 33 32. Check out the as-comprehensive-as-we-can-make-it list, after the jump.

Recently announced salary freezes include “solid ice freezes” at Blank Rome and Townsend and Townsend and Crew; and “Slurpee freezes” at Bingham McCutchen, Fish & Richardson, and Texan firm Andrews Kurth.

Memorandums, as well as a new list of all firms with “solid ice” and “Slurpee” freezes, after the jump.

double red triangle arrows Continue reading “Updated Salary Freeze Round-up: Even More Firms on Ice”

pay freeze salary freeze pay cut law firm.jpgThe new year is shaping up to be a cold one. As we noted in our 2008 Year in Review series, one of the biggest stories heading into 2009 has been that of the salary freeze. Rather than instituting lock-step raises for associates entering a new class year, a number of firms have informed associates that their salaries will remain at 2008 levels.

There have been two types of freezes: the “Solid Ice freeze”–with salaries frozen through all of 2009–and the “Slurpee freeze”–where firms are sticking with 2008 levels for now, but promise to revisit the decision later in the year.

Many an ATL reader has requested a round-up, and we aim to please. So find your pleasure, after the jump. Some of the firms have been reported on before, and some are new.

If you know of other frozen firms, send us an e-mail at tips@abovethelaw.com with the subject, “Salary Freeze: FIRM NAME.” Also, if your firm has raised salaries as expected, feel free to send us the news, with the subject “Salary Raise: FIRM NAME.” While freezes are news, raises as expected aren’t, so we will not be covering firm by firm, but we may do a round-up.

Find the list of the sixteen firms that have frozen, after the jump.

double red triangle arrows Continue reading “ATL Salary Freeze Round-up: The Firms on Ice”

law firm associate bonus watch 2008 biglaw bonuses small.jpgA few bonus announcements trickled in over the holidays. Here’s a round-up of recent bonus announcements that have not yet been covered in these pages. If you have new news, e-mail us at tips@abovethelaw.com.

1. Sheppard Mullin (New York): Sheppard Mullin is paying above market rate for attorneys who racked up the hours this year. Baseline hours are 2000 in New York (and 2100 outside of New York, see below). Bonuses range from $20,000 to $70,000, plus discretionary bonuses of $20,000 to $50,000. Reaction at the firm, after the jump.

2. Sheppard Mullin (outside New York): Associates in California and D.C. had to rack up a few more hours than their NY brethren to qualify for bonuses, with 2,100 as their baseline. And their lockstep bonuses for additional hours are not as generous. Details after the jump.

3. Akin Gump (outside New York): We posted on the New York market/ half-Skadden bonuses for Akin New York associates, announced on New Year’s Eve. Associates outside of New York received an e-mail saying that “merit bonuses” will be given based on “productivity, quality of work and Firm citizenship.” Check out the e-mail, and news of a freeze watch there, after the jump.

4. Linklaters (all U.S. offices): This Magic Circle firm announced bonuses and salary increases for U.S. associates right before Christmas. The London-based firm is following Cravath’s lead, paying half-Skadden bonuses to all U.S. associates, with no hours requirement. The firm will have normal class-year raises. Per our tipster, “the firm had a good first half, including in NY, so a Latham-style salary freeze would have been pretty shocking.”

5. Arnold & Porter (New York): Associates outside of New York got individualized bonus memos last week. New Yorkers got their bonus announcement on Jan. 2. Per our tipster, “the scale was as expected, the half-Skadden, which is significantly less than the bonus in non-NY offices, but at least is “market,” unlike our salaries.” Our tipster says the first A&P paycheck of the year remains at 2008 levels.

Bonus memos galore, after the jump.

double red triangle arrows Continue reading “Associate Bonus Watch: A Post-Holiday Round-Up”

pay freeze salary freeze pay cut law firm.jpgAnother day, another firm, another salary freeze. The latest is from Sheppard Mullin:

We feel it is critical to rigorously control expenses during these times. As part of our management of expenses, we have decided to “freeze” Associate compensation for 2009. This means your base compensation will be the same as in 2008. Special Counsel and Senior Attorney compensation will also be frozen, with minor exceptions.

First Latham, then Orrick, and now Sheppard. So far, Gibson Dunn looks like the place to be on the west coast.

A tipster reports a calm over at Sheppard that is very Zen:

Yes. Sheppard is freezing salaries. I’m not thrilled about it, but it is consistent with Sheppard’s conservative style. We had an hour and a half Associate Issues conference call to discuss it … Sheppard will re-evaluate the policy every quarter and Management suggested that Associates who make their hours (1950 or so) will probably also get an end of the year bonus to make up for any lost salary.

I’m sure associates would prefer to get that “suggestion” in writing, but so long as all remains quiet on the layoff front nobody is complaining.

Read the full memo after the jump.

double red triangle arrows Continue reading “Nationwide Pay Freeze Watch: Sheppard Mullin Joins California Craze”

Morning Docket 12.03.08

small joy stick.jpg* Barack Obama has promised to close Guantanamo Bay, but what is going to happen to the most dangerous inmates? Should they be released anyway? What legal basis can the U.S. use to keep them captive? [Bloomberg.com]

* Roman Polanski — the Academy Award-winning director of Rosemary’s Baby, who admitted to having sex with a 13-year-old girl in Jack Nicolson’s house in 1977 — has asked a judge to dismiss his case. Polanski fled to London 30 years ago to avoid a prison sentence and has been a fugitive ever since. [Los Angeles Times]

* The Republican victory in Georgia of Senate incumbent Saxby Chambliss means that the Democrats will not have a flibibuster-proof majority of 60 in the Senate. The Democrats now hold 58 of the 100 senate seats. The Minnesota senate race is still undecided. [The Guardian]

* A Massachusetts couple’s suit over their public school’s response to their five-year old’s complaint of sexual harassment on her school bus has raised some interesting constitutional questions for the U.S. Supreme Court. [New York Times]

* The SCOTUS also sent a murder case back to the Ninth Circuit for reconsideration. The case involved a 16-year-old robber who killed a gas station attendant in a robbery that garnered him $150. [San Francisco Chronicle]

* For love of the law…and video games. A 26-year-old lawyer at Sheppard Mullin manages a 20-person team that deal with mergers, licensing contracts, and other legal transactions that fuel the game industry. Imagine how fun it would be to crash one of their office parties — there is nothing sexier than a lawyer who loves video games. [Los Angeles Times]

good news bad news.jpgIt’s been a dark week on ATL. Layoff news has been pouring in: 21 attorneys cut at Katten, up to 60 at Sonnenschein, and 20 at Clifford Chance.

To prevent you from jumping out your windows, we’re revisiting a Wall Street Journal article from earlier this month on the silver lining for law firms during the economic crisis.

Firms with relatively strong balance sheets are hiring lawyers from competitors that are hurting from the dropoff in mergers, debt offerings and other staples of the legal business. Leaders of these firms figure that being bigger and more geographically diverse will help them weather downturns in particular market sectors and capitalize on complex business opportunities that require a variety of specialties. In most cases, they’re even giving the new hires raises.

Did you hear that, despondent ones? Raises!

Many firms have been feasting on the remains of Heller Ehrman (R.I.P.). Heller partners and attorneys have been snatched up by Hogan & Hartson; Orrick; Sheppard Mullin; Arnold & Porter; Covington & Burling; Jones Day; and Cooley Godward Kronish. Other firms have been poaching partners from struggling Thelen.

Some firms are buying on the cheap, while others are giving new attention to more resilient practice groups:

K&L Gates LLP has acquired medium-size firms in Texas and North Carolina this year and hired 45 partners from other firms. “We have no debt — no long-term debt, no short-term debt — and therefore have a balance sheet that allows us to grow aggressively into a downturn,” says Peter Kalis, chairman of the 1,700-lawyer firm…

But many law firms believe that they have no choice but to expand specialties, such as restructuring, intellectual property, securities litigation and antitrust, that are generally believed to remain steady — or even pick up — during down cycles. Cadwalader, Wickersham & Taft LLP in New York laid off 131 lawyers — nearly 20% of its staff — earlier this year because of the implosion in the mortgage-backed securities market, a key practice area for the firm. But it has hired lawyers in other practice areas, including financial restructuring.

Chins up.

Some Law Firms Hire in Slump [Wall Street Journal]

As Heller is sliced and diced, many associates are out in the cold [National Law Journal]

Earlier: ATL Layoff Coverage

associate bonus watch 2007 law firm Above the Law blog.jpgLet’s send you into the holiday weekend with some associate bonus news. Here are some law firm bonus announcements that haven’t been previously covered in these pages.
(Firms that previously announced their bonuses, but are being sneaky about the exact amounts and/or the percentage of associates getting them, will be addressed separately. This post is for completely new announcements.)
Some of this news is incomplete. If you can provide more details, please email us. Thanks.
1. Akin Gump (New York): Year-end bonuses, and special bonuses to “those associates and counsel who have performed in accordance with the Firm’s expectations regarding productivity, quality of work and Firm citizenship.” Plus “discretionary merit bonuses” to associates and counsel “who performed in a truly exceptional manner.”
One source at the firm characterizes it as follows:

Full match in NY, with extra bonuses in certain cases (generally to billers over 2400). There has never been an hours requirement, so if past practice is any indicator, anyone not being fired will get it.

Full memo, after the jump.
2. Akin Gump (outside New York): Each associate is allowed to make the case to the firm for a big bonus. A source tells us that this practice of asking associates to write up memos to justify their bonuses started a few years ago. “I wonder how this plays into the current bonus climate, or if anyone else has to do this.”
3. Hogan & Hartson (outside New York): The 2007 bonus memo appears after the jump.
4. Hogan & Hartson (New York): We’ve confirmed the fact that Hogan announced bonuses in New York. It was described to us as a market match. But we haven’t seen a memo or the fine print of the announcement, so we can’t confirm that.
Update: The bonus memo for Hogan & Hartson’s New York office appears after the jump.
5. Vinson & Elkins (New York): “V&E matched the New York market bonus (including this year’s special bonus) for its New York associates, to be paid on January 15, 2008. No memo yet, a voicemail.”
6. Sheppard Mullin: Details after the jump.

double red triangle arrows Continue reading “Associate Bonus Watch: A Pre-Holiday Round-Up”

100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGSome more good news on the associate pay raise front:

1. Kirkland & Ellis: “The Firm Committee has approved increases to our associate base salaries in our California, Chicago, and Washington, D.C. offices, retroactive to May 1, 2007.”

So K&E is now on the $160K scale — not just in California and D.C., which was inevitable, but also in Chicago. Expect the other Chicago shops to follow suit

2. Sheppard Mullin: The firm has raised to the $160K scale in California and Washington. Not super-exciting; but it’s always nice to welcome a new member to the club.

Associate pay raise memos from Sheppard Mullin and Kirkland & Ellis, verified by multiple sources at both firms, appear after the jump.

double red triangle arrows Continue reading “Nationwide Pay Raise Watch: Kirkland & Ellis and Sheppard Mullin”

100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGToday has been quiet in terms of associate salary news. Perhaps pay raise developments have been overshadowed by Charney v. Sullivan & Cromwell. Also, since so many places have already announced, it’s only natural for the pace to slow down.
But there have been a few new announcements. Per the Daily Report, Holland & Knight has raised its base salary for entering associates to $130K. And there appears to be a Sheppard Mullin memo out, too.
(If you’re at the firm, please email us to confirm. A blank email from a Sheppard Mullin address will suffice.)
Update: The Sheppard Mullin memo has been confirmed. We now reprint it after the jump.
Our last comment thread about associate compensation matters appeared before lunch. So here’s a fresh one. Have at it!
The latest hike: Holland & Knight to start at $130K [Fulton County Daily Report]

double red triangle arrows Continue reading “Skaddenfreude: Anyone Out There?”

Meryl Streep Devil Wears Prada Miranda Priestley Miranda Priestly Meryl Streep Above the Law.JPGThis post has nothing to do with the morbidly obese (which we recently learned is a medical term, not a colorful insult). In fact, they should probably hang a sign out reading, “Fat people need not apply.”
“They” refers to Sheppard, Mullin, Richter & Hampton, which is launching an exciting new practice group: the Fashion and Apparel Team (“FAT”). And if it’s anything like the fashion industry itself, a BMI over 20 will kill your chances of working there.
An advertisement the firm ran during New York Fashion Week encouraged people to “Get the skinny on FAT law.” Here’s what FAT law entails:

From negotiating contracts for TV reality show “Project Runway” to fending off UGG boot knock-offs, the new group is marketing itself as the go-to firm for Los Angeles and New York’s booming fashion industries….

So far, the group’s clients include Abercrombie & Fitch Stores; Victoria’s Secret Stores; Louis Vuitton U.S.; and Gap Inc.

It also is hoping to court celebrity clients who use their famous name to launch their own perfume or clothing line — such as when pop singer and fashion icon Gwen Stefani launched a clothing line in 2003.

This may strike some of you as yet another dubious new practice group. Is there really that much synergy to be gained through aggregation of fashion-related matters?
But hey, it sure sounds fun. It beats the pants off Global Warming for “coolest newfangled practice niche.” And when that associate who really wanted to be in Government Contracts gets stuck in Fashion and Apparel, the partner can superciliously tell her:

“Oh, don’t be silly — EVERYONE wants this. Everyone wants to be US.”

Sheppard Mullin Launches Fashion and Apparel Practice Group [The Recorder via Law.com]