This year, seven law firms made Crain’s list, and as we told you back in January, only four made Fortune’s. Three firms are new to Crain’s list, while the other four moved up or down in the rankings. Just two of those firms overlap between Crain’s and Fortune’s lists.
It appears that congratulations and condolences are both in order. So, which law firms are considered the cream of the crop in New York City?
* Above the Law — of animal cruelty? Steven Seagal, Sheriff Joe Arpaio, a dead dog, and a rooster massacre. [TPM Muckraker]
* After a judge shot down the effort by NBA star Gilbert Arenas to stop “Basketball Wives: Los Angeles” from airing, Arenas’s ex-fiancee, Laura Govan, was allowed to strut her stuff on television — and it wasn’t pretty. [Sister2Sister]
* Congratulations to super-mensch Stanley Levy, senior counsel at Manatt, on winning Am Law’s Lifetime Achievement Award for 2011. [American Lawyer]
Might we be seeing a new trend, namely, federal prosecutors moonlighting as novelists?
Last year, as part of Above the Law’s Career Alternatives series, we profiled Allison Leotta, an assistant U.S. attorney in D.C. who wrote a well-received thriller, Law of Attraction. Today we introduce you to Natalie Lee — an assistant U.S. attorney in Savannah, former associate at Alston & Bird, and author of a new novel, Save as Draft. (When looking up the book, please note that Natalie writes under a pen name, “Cavanaugh Lee.”)
Like Law of Attraction, Save as Draft has garnered some nice reviews. A post on Chick Lit Reviews, for example, praises the book as a “fantastic read that all of us technology addicted Chick Lit fans will absolutely fall in love with, a must read!”
The reference to technology addiction relates to the novel’s ingenious premise. I discussed that premise — along with other topics, such as the inspiration for the book’s law firm partner / villainess, a products-liability litigatrix named Rose — in a recent interview with Natalie Lee….
Every year, Fortune produces a list of the 100 Best Companies to Work For, and every year a handful of law firms make the list. And every year I wonder why some law firms made the list, while others did not, and whether Fortune actually has any idea about what they’re talking about.
We cover this list every year (click here for our posts in 2010, 2009, 2008, and 2007). Last year, six firms made the list. But this year only four law firms are among the top 100 companies.
Again, I can’t figure out what the two firms that dropped did wrong. But let’s congratulate the four firms that did stay on the list.
(Admittedly, that advice would have been more helpful on Friday than it is now, but then I wouldn’t have had anything to write up today.)
Every year there are people who use New Year’s as an excuse to go out and act like fools. I know, the bubbles in the bubbly are hard to handle. But usually people get their act together by New Year’s Day. Maybe not Big Ten football people, but regular people usually manage to avoid embarrassment at the start of a new year.
But there are exceptions to every rule, and this year’s lawyerly exception comes from Charlotte, North Carolina. An associate at Alston & Bird went out for New Year’s Day dinner, and hilarity ensued.
Happily for the rest of us, an Above the Law reader was there to bear witness — and the associate left behind a little bit of evidence…
Now this is a list that matters. Corporate Counsel (an American Lawyer publication) has complied its annual list of the firms that Fortune 100 companies use as outside counsel. This is a list of which firms are getting work from clients with deep pockets. If you care at all about the business end of the law, then you care about this list.
And while the firms that are tapped for this kind of work won’t surprise anybody, it’s always good to take a look at who clients want to be with.
For general corporate law, these are the firms that were mentioned most by clients reporting to the magazine:
Discovery disputes, like a certain other thing, happen. But it’s not often that these happenings make the pages of the New York Times. An article on the front page of the business section reports:
Dell has been accused of withholding evidence, including e-mails among its top executives, in a lawsuit over faulty computers it sold to businesses, according to a filing made Thursday. Advanced Internet Technologies filed a motion in Federal District Court in North Carolina asserting that Dell had deliberately violated a court order by failing to produce documents written by its executives, including the company’s chief executive and founder, Michael S. Dell.
The filing is the latest twist in a three-year-old lawsuit brought by A.I.T. that accuses Dell of selling at least 11.8 million faulty PCs over three years and then trying to hide problems with the computers from customers. A.I.T., an Internet services company, says it lost business as a result of the broken Dell machines.
Ironically enough, one of the apparent victims was the law firm representing Dell in the case….
On Friday, we broke the news that Shanetta Cutlar will be stepping down as head of the Special Litigation Section (“SPL”), in the Civil Rights Division of the Department of Justice. This news was met with rejoicing in some quarters; Cutlar was not universally loved as a boss.
Much of our past coverage of Shanetta Cutlar has been somewhat negative (reflecting what we’ve heard from our sources). But there are some dissenting opinions — and we’re happy to present one to you today.
After our Friday report, we heard from Robert Driscoll, a former Justice Department official who is now a partner in the Washington office of Alston & Bird. During his time at the DOJ, he worked with Cutlar — and was very impressed by her work as an attorney. Driscoll told us:
I was a deputy assistant attorney general in the Civil Rights Division from 2001-2003. In that position, I played a part in Shanetta getting the post as Chief. Whatever her strengths or weakness as a manager may have been (and I had heard she could be mercurial), I never doubted that she was a talented and extremely dedicated lawyer. Indeed, it was these characteristics that caused us to appoint Shanetta as Chief. She certainly was not placed in that position for having any conservative credentials.
More warm words for Shanetta Cutlar, after the jump.
The day that many of you have been waiting for has arrived. Today ATL goes to ATL: the fair city of Atlanta!
Based on NALP forms and priornewsarticles, it seems that starting salaries in the Big Peach generally range from $130,000 and $145,000 (similar to Philadelphia).
At $130K: Alston & Bird; Arnall Golden Gregory; King & Spalding; Kilpatrick Stockton; McKenna Long & Aldridge; Morris, Manning & Martin; Paul Hastings; Powell Goldstein; Smith Gambrell & Russell; Sutherland Asbill & Brennan; Troutman Sanders; Womble Carlyle.
At $135K: Jones Day
At $145K.: Dow Lohnes; Hunton & Williams; McGuireWoods; Schiff Hardin.
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: email@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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