Altman Weil

  • prayer LF

    Biglaw, In-House Counsel

    Are You There Biglaw? It’s Me, The Client: Why GCs Are Pulling Even More Business From Firms

    Survey shows 40 percent of GCs are looking to pull business from firms in the coming year.

    21 Comments / / Nov 12, 2015 at 4:39 PM
  • stat image

    Biglaw, Old People, Partner Issues

    Stats Of The Week: Biglaw Bosses Are Old

    Is there a looming demographic crisis in Biglaw?

    27 Comments / / Nov 6, 2015 at 3:57 PM
  • stat image

    Law Firm Mergers

    Stat Of The Week: Merger Mania

    A record year for law firm combinations?

    9 Comments / / Oct 9, 2015 at 4:04 PM
  • Kim Davis

    Morning Docket

    Morning Docket: 10.06.15

    * While we’re loath to continue giving this woman airtime, it turns out that infamous Kentucky clerk Kim Davis’s law firm, Liberty Counsel, was recently declared a hate group by the Southern Poverty Law Center. This fits the overall narrative here quite nicely, don’t you think? [Salon]

    * After 12 days of deliberation, the jury in the criminal trial of Dewey & LeBoeuf’s former execs has shown no signs of reaching a verdict, but instead, signs of exhaustion. In fact, one juror needed medical attention because she deliberated too hard. [Am Law Daily]

    * This seems to be a common phrase lately: law firm mergers are breaking records again. Altman Weil says more firms announced mergers in the first three quarters of 2015 than in the first three quarters of any year in almost a decade. [Big Law Business / Bloomberg]

    * “I was left to reflect on what I would want in the face of my own death.” Thanks to Governor Jerry Brown, California is now the fifth state to legalize physician-assisted suicide. The End of Life Option Act will take effect sometime in 2016. [Los Angeles Times]

    * If you’re an undergraduate student who’s planning to go to law school, then you better be building relevant lawyering skills. Master the art of bullsh*tting before you graduate and you’ll be ahead of the game. [Law Admissions Lowdown / U.S. News & World Report]

    105 Comments / / Oct 6, 2015 at 8:56 AM
  • Some change for future of legal education.

    Morning Docket

    Morning Docket: 07.07.15

    * Vikram Amar, the incoming dean of the University of Illinois College of Law, says that he demanded a pay cut before taking the job to help make legal education more affordable for students. The piddling amount of money he’ll be sacrificing will absolutely infuriate you. [WSJ Law Blog]

    * When law firms break up and partners attack, it can sometimes be pretty entertaining (and a little sad, all at the same time). In this case, former partners have accused each other of being mentally unstable and going online shopping for hours instead of practicing law. [Daily Business Review]

    * In case you don’t remember the law school lawsuits about deceptive employment stats, some of them are still alive and kicking. One of the last surviving suits against Widener Law was recently denied class certification. [New Jersey Law Journal via ABA Journal]

    * Per Altman Weil MergerLine, 2015 is on pace to be a record year for law firm mergers. Statements like this have been made since the recession, but this time, it’s the highest number of mergers recorded in the company’s history. [Crain’s Cleveland Business]

    * According to the latest data from the Bureau of Labor Statistics, the legal sector lost 800 jobs in June. That’s not exactly a comforting thought for those of you who are studying for the bar exam and don’t have a job lined up yet. [Big Law Business / Bloomberg BNA]

    28 Comments / / Jul 7, 2015 at 8:57 AM
  • Die Judge Ransom Font

    Morning Docket

    Morning Docket: 05.13.15

    * According to a recent survey conducted by Altman Weil, Biglaw managing partners and chairs say that overcapacity and a lack of work for their partners is putting a dent in their overall profitability. Please don’t take the easy way out here — the weather is way too nice for layoffs. [Am Law Daily]

    * Beverly Cochran, the wife of Judge Edward Najam of the Indiana Court of Appeals, was charged with obstruction and false reporting after allegedly carving “die judge” on their front door in the hope that her son-in-law would be arrested. [WBIW via ABA Journal]

    * When Harvard Law alums say their business education “was a joke,” you know you’ve got a problem. Law schools are finally coming around to the fact that their graduates don’t have a clue about business, and some of them are trying to fix that. [Bloomberg Business]

    * Nicole Eramo, UVA’s associate dean of students, has filed a $7.5 million defamation suit against Rolling Stone for tarring and feathering her in the magazine’s now discredited campus rape story. She’s also upset this “unflattering” photo was published. [CNNMoney]

    * Say aloha to admission to the University of Hawaii School of Law without an LSAT score. We figure that a few more schools will decide to try this program out since the ABA recently indicated its regrets about introducing the initiative in the first place. [KHON2]

    32 Comments / / May 13, 2015 at 9:03 AM
  • law_school LF

    Morning Docket

    Morning Docket: 04.08.15

    * “Take it from me, dealing with the complex criminal legal system can be difficult and intimidating for most people.” This ex-Troutman Sanders partner may be facing nine felony charges, but who cares? He’s starting his own firm. [Am Law Daily]

    * It’s kind of cute when law school deans lie to themselves to make themselves feel better. For example, the dean of Oregon Law says now is “excellent” time go to go law school, and he doesn’t make decisions “based on what moves the rankings needle.” [Daily Emerald]

    * Per the latest Altman Weil survey, the first quarter of 2015 was one of the best ever for law firm mergers. The pace with which law firms merged was the second-quickest since the company started tracking mergers to begin with in 2007. [Philadelphia Inquirer]

    * The Rutgers Board of Governors has approved of the proposed merger between Rutgers-Newark and Rutgers-Camden Law. Now they just have to wait for the ABA’s rubber stamp, which they’ll obviously get — the ABA would rubber stamp a shoe. [NJ Advance Media]

    * “[T]he law is a noble profession – but it’s also an oversubscribed one, due in large part to excessive federal lending.” Maybe if the government stopped handing out student loans like candy, law schools would be forced to lower their tuition rates. [Washington Post]

    * The University of Virginia’s chapter of Phi Kappa Psi is definitely going to try to sue Rolling Stone over its fraternity gang-rape story, but the question is whether “bad journalism [will] amount to legal liability.” What do you think about this? [WSJ Law Blog]

    89 Comments / / Apr 8, 2015 at 8:57 AM
  • time clock garbage

    Associate Advice, Biglaw, Billable Hours, Bonuses, Money

    Which Biglaw Firm Just Got Rid Of Billable Hours?

    What will replace the billable-hour requirement at this large law firm?

    20 Comments / / Nov 18, 2014 at 11:04 AM
  • sad lawyer LF

    Biglaw, General Counsel, In-House Counsel, Partner Issues

    Another Day, Another Dose Of Bad News For Biglaw

    But the economy is bouncing back, doesn’t that bring with it any good news for Biglaw? Not so much….

    22 Comments / / Nov 11, 2014 at 11:15 AM
  • Anna Nicole Smith

    Anna Nicole Smith, Attorney Misconduct, Biglaw, California, In-House Counsel, Law Firm Mergers, Law Schools, Legal Ethics, Marijuana, Morning Docket, Partner Issues, Politics, Sexual Harassment, State Judges, State Judges Are Clowns, You Go Girl

    Morning Docket: 11.05.14

    * Bingham McCutchen canceled its partnership retreat, and their partner offer letters from Morgan Lewis must be accepted by today’s deadline — all while a prospective merger currently hangs in the balance. [Am Law Daily]

    * Per Altman Weil’s 2014 Chief Legal Officer Survey, the work at in-house legal departments is about to grow exponentially, while the spend on outside counsel will decrease in turn. Uh oh, no bueno. [Corporate Counsel]

    * “The attempt to have the defendant have any kind of humility has failed.” Due to “unsatisfactory” apologies to state employees, former judge Joan Orie Melvin will have to re-apologize for her crimes. [Pittsburgh Post-Gazette]

    * “A troubled law school is like Dracula: hard to kill.” In the wake of the Thomas Jefferson School of Law’s debt restructuring, it’s now obvious that law schools aren’t worth much at all. [DealBook / New York Times]

    * Republicans are now in control in both the House and the Senate, but fear not, because the nation’s capital just legalized marijuana. That’ll help calm down the depressed D.C. Democrats out there. [CNN]

    * Though it’s unlikely, thanks to this ruling, Anna Anna Anna Anna Anna Nicole’s lawyer/lover could be retried for allegedly giving illegally obtained prescriptions to the drug-addled model. [National Law Journal]

    * Tinder’s cofounder apparently made a killing on her sexual harassment settlement with the company. Though no one admitted guilt, she reportedly took home “just over” $1M. Get it, girl. [Business Insider]

    19 Comments / / Nov 5, 2014 at 9:02 AM
  • It's raining scholarship money!

    Associate Salaries, Biglaw, Job Searches, Money

    Nationwide Pay Raise Watch: Could Philadelphia To $160K Drive NY To $190K?

    Could good news for Philly translate into good news for other markets?

    13 Comments / / Aug 28, 2014 at 11:18 AM
  • Someone didn't meet the minimum...

    9th Circuit, Associate Salaries, Biglaw, California, Education / Schools, Federal Judges, Gay Marriage, Law School Deans, Law Schools, Morning Docket, Rudeness, State Judges

    Morning Docket: 05.15.14

    * The times are a-changin’ for Biglaw in many ways, and lawyers may soon see their starting pay take a dive because clients think they “continue to be too expensive.” [WSJ Law Blog]

    * Foley & Lardner plans to shutter its San Diego shop, following in the footsteps of other Biglaw behemoths. Not to worry, no one’s been laid off — that we know of, that is. [Am Law Daily]

    * Say hello to Alabama Law’s new dean, Mark Brandon. Maybe he’ll be the man to propel the school to a #5 ranking in a publication other than National Jurist. ROLL TIDE! [National Law Journal]

    * Earlier this week, an Idaho judge struck down the state’s ban on gay marriage, and now she’s refusing to issue a stay. Good on you, judge, but the Ninth Circuit may put those marriages in limbo for a while. [NPR]

    * Speaking of judges who’re refusing to stay same-sex marriage rulings, last night, the Arkansas Supreme Court turned down the state attorney general’s request to put a stop to marriage equality. [USA Today]

    * A lawyer working as Board of Education president in Mahopac, New York, resigned from his position after calling a PTA volunteer a “chubby wubby” at a school board meeting. That’s not very nice. [Journal News]

    0 Comments / / May 15, 2014 at 9:06 AM
  • NCAA Football 14 USE

    Biglaw, Billable Hours, Health Care / Medicine, Job Searches, Law Firm Mergers, Law Schools, Michael Jackson, Money, Morning Docket, Patents, Sports, Technology, Trials

    Morning Docket: 10.03.13

    * According to Altman Weil, law firm merger mania is on pace for record highs as firms desperately attempt to stave off financial problems by gobbling up smaller firms’ clients. [Am Law Daily]

    * The NCAA better watch its back: Jeffrey Kessler, the Winston & Strawn partner who helped bring free agency to the NFL, wants in on the potential case for unpaid college athletes. [Bloomberg]

    * Lawyers doing regulatory work are very afraid that the shutdown will decimate their fourth quarter billables because “[t]he longer it goes, the more problematic it will be.” Yay government. [Reuters]

    * GrayRobinson partner Philippe Devé is in need of a bone marrow transplant, and his firm is using its social media presence to crowdsource a donor. Will you lend a helping hand? [Daily Business Review]

    * UpCounsel has successfully raised $1.5 million in funding to beef up its international patent practice, proving the point that it costs a pretty penny to protect clients from the world’s patent trolls. [TechCrunch]

    * Law schools in New York State are feeling the pain of the drop in applications, and some are now willing admit that their graduates had to start “cannibalizing each other” in the job market. [New York Law Journal]

    * But really, so what if applications are down? Lots of law schools consider themselves lucky to be keeping the lights on with the assistance of generous alumni donations in the millions. [National Law Journal]

    * Another day, another “diploma mill.” Sorry to disappoint you, law students and alumni, but Charleston School of Law is moving forward with its plans to sell out to the InfiLaw System. [Post and Courier]

    * Who’s bad? Not AEG Live. A jury made up of people unable to answer yes or no questions during the reading of the verdict found that the concert promoter wasn’t liable in Michael Jackson’s death. [CNN]

    0 Comments / / Oct 3, 2013 at 9:03 AM
  • Railroad man holding lantern

    Biglaw, Layoffs, Paralegals, Quote of the Day, Secretaries / Administrative Assistants, Staff Layoffs

    The Layoff Train Is Out Of Control, And Your Firm’s Next

    What’s the latest news in Biglaw staff layoffs? More are coming…

    18 Comments / / Sep 24, 2013 at 4:00 PM
  • Jodi Arias

    Bar Exams, Bernie Madoff, Biglaw, California, D.C. Circuit, Immigration, Money, Morning Docket, Murder, New Jersey, Pictures, Pro Bono, Senate Judiciary Committee, Trials, War on Terror

    Morning Docket: 05.22.13

    * A bipartisan immigration reform bill made its way through the Senate Judiciary Committee and will head to the Senate floor. Of course, the amendments in support of gay marriage didn’t make it in, but that may be moot soon anyway. [CNN]

    * IRS official Lois Lerner may not be very “good at math,” but at least she seems to know the basic principles of constitutional law. She’ll invoke her Fifth Amendment rights before the House Oversight Committee today. [Politico]

    * The D.C. Circuit ruled that the top secret Osama bin Laden death photos will remain top secret, but the internet’s desperate cries of “pics or it didn’t happen” will live on in our hearts. [Thomson Reuters News & Insight]

    * Attention naysayers: it may be time to face the music. According to the latest Altman Weil survey, most law firm leaders think all of these fun recession-driven changes are here to stay. [Am Law Daily]

    * Twenty-two law firms are banding together to fight against fraudulent financial products on a worldwide scale. It’s too bad this legal alliance didn’t exist before the Bernie Madoff scandal. [New York Times]

    * It looks like New Jersey may soon be hopping aboard the pro bono work before bar admission train. You better hope you get your clinic placements in order, people. [New Jersey Law Journal (sub. req.)]

    * The results for the February 2013 bar exam in California are out, and they’re frightening. It’s time to try that acting thing again, because only 41 percent of all test takers passed the exam. [The Recorder]

    * Jodi Arias is now begging jurors to allow her to live out the rest of her days in prison. She wants to contribute to society by painting, recycling, and… not slashing additional throats. Lovely. [Fox News]

    4 Comments / / May 22, 2013 at 9:03 AM
  • price in clamp RF

    Biglaw, Billable Hours, Money, Quote of the Day

    Seeking Biglaw Billables: $1,150/Hour OBO!

    In this day and age, even Biglaw bills can be discounted.

    14 Comments / / Apr 10, 2013 at 2:58 PM
  • Kamala Harris

    Barack Obama, Biglaw, Law Firm Mergers, Law Professors, Law School Deans, Law Schools, Midsize Firms / Regional Firms, Morning Docket, Politics, Sandra Day O'Connor, SCOTUS, Supreme Court, William Rehnquist

    Morning Docket: 04.05.13

    * If President Obama could send a love note to California Attorney General Kamala Harris, it’d probably say something like this: “Girl, you look good. Won’t you back that ass up?” [ABC News]

    * The fun things you learn during a Supreme Court justice’s book tour: apparently Sandra Day O’Connor dated William Rehnquist when they were at school together at Stanford Law. [Legal Times]

    * When it comes to law firms, size really does matter. Quite a few midsize firms had the urge to merge in the first quarter of 2013, according to the latest Altman Weil survey. [Am Law Daily]

    * In case you haven’t heard the news by now, NYU Law School has a new dean, and he was poached fresh from Columbia. The bonus here is that he’s actually pretty cute. We’ll have more on this story later today. [NYU Law News]

    * Law faculties may be a tad too liberal, say some at Harvard Law School, which is basically a bastion of leftie law professors. Cut to Ted Cruz muttering about Commies under his breath. [USA Today]

    * Here’s an obvious protip that may not be obvious to 0Ls: if you’re going to ask for a recommendation letter, you should probably make sure that it’s going to be a positive one. [U.S. News & World Report]

    11 Comments / / Apr 5, 2013 at 9:05 AM
  • Capital small

    Biglaw, Money, Partner Issues, Partner Profits

    Some Comments on Capital Calls (and a Closer Look at Greenberg Traurig’s)

    Why is Greenberg Traurig issuing a capital call to its partners? And are any other firms following in its footsteps?

    23 Comments / / Aug 8, 2012 at 6:48 PM