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.
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: