Biglaw

Billable-hour requirements are generally like the price of gas: they just keep going up. A law professor might compare it to a one-way ratchet. As law firms try to increase their profitability — by doing more work with less manpower, thanks to recessionary layoffs that haven’t been completely reversed — they ask more and more of their lawyers. Right?

Well, not necessarily. One Biglaw firm recently lowered its hours requirement — and instituted some other perks worth noting.

Might other firms follow suit? Perhaps yours?

double red triangle arrows Continue reading “A Biglaw Firm Institutes A Smaller Hours Requirement”

Thus far, the story of Dewey & LeBoeuf has been told primarily from the perspective of lawyers. On the whole, the coverage has been quite partner-focused, centered on which partners are defecting to which rival law firms. There has been some discussion, but not a huge amount, of the plight of associates.

There has been even less discussion of the support staff. But if Dewey goes under, staffers will also lose their jobs. And in this day and age of law firms slashing staff, secretaries and paralegals may have a harder time finding new positions than attorneys.

Here is one paralegal’s perspective on what’s going on at D&L….

double red triangle arrows Continue reading “Dewey & LeBoeuf: A Paralegal’s Lament”

Here at Above the Law, we frequently sound gloomy notes about going to law school. In the past week or so, for example, we’ve written about one recent law school grad on food stamps and another one with almost no employed classmates. We’ve discussed the bleak market for legal jobs and the crushing burden of student loan debt.

As I’ve said before, our criticism of law school does not spring from malice. Rather, we want people to make an informed decision about whether to invest three (or more) years of time, and $100,000 (or more) in money, in pursuit of a law degree.

In today’s post, we’d like to talk about the other side of the coin: law school success stories. Let’s hear from people who went to law school and have no regrets — or even view going to law school as the best decision they ever made. Perhaps you might be one of them?

We’ll prime the pump with a few law school success stories, to get the conversation going….

double red triangle arrows Continue reading “Law School Success Stories: Submissions, Please”


Once you pay for a house, a car and child care, it’s not that much money. You feel like regular middle-class people.

Stefan Baugh, a former Katten Muchin Rosenman partner, who quit his job to start a private equity firm and make more money.

(Baugh gives more explanation of his #firstworldproblems, after the jump…)

double red triangle arrows Continue reading “Quote of the Day: Or You Could Also Buy a Less Expensive Car”

The U.S. government seems to be losing ground quickly in the PR war surrounding the case against Megaupload, the massive file-sharing site, and the company’s leader, Kim Dotcom. Just over a week ago, we learned that Quinn Emmanuel had signed on as the company’s defense team; the firm hit the ground running with a brief calling B.S. on one of the government’s objections.

And on Friday evening, news broke that the FBI may have again screwed the Megaupload pooch. The potential procedural goof was apparently severe enough that a federal judge wondered aloud if it might have killed the case…

double red triangle arrows Continue reading “Megaupload Trial May Never Happen Because of Possible FBI Error”

Or at least that’s what one Biglaw firm seems to think.

Over the weekend, lady lawyers got a serious case of the vapors when word got out that a firm that’s had its fair share of bad press was busy promoting a cooking class for one of its women’s initiatives programs.

Yes, a cooking class — because nothing says “I’m a successful attorney” quite like the ability to serve masterfully prepared hors d’oeuvres (bonus points if the cooking is done while barefoot and/or pregnant).

It’s almost enough to make these women wish they were Lathamed….

double red triangle arrows Continue reading “Ladies, It’s Time to Get Back in the Kitchen Where You Belong”

Here in New York, the theater community is gearing up for the Tony Award season. Which shows will snag coveted nominations for best musical and best play?

In the world of Biglaw, though, there’s no competing with the drama now unfolding at Dewey & LeBoeuf, the once elite and now rapidly imploding law firm. Thus far, the story of Dewey has been dynamic but depressing, more tragedy than comedy.

But might that change? Could the tale of D&L end happily, like a Shakespearean comedy — with a wedding?

double red triangle arrows Continue reading “Dewey Have A Suitor? Plus Another Confirmed Partner Defection, and Discussion of Deferrals”

Two weeks ago, we talked about how hard Quinn Emanuel associates are working. Now we get to talk about how well Quinn Emanuel associates get paid.

In its year-end bonus memo, issued this past December, Quinn Emanuel said the following:

We know some firms have indicated they will pay additional bonuses this Spring. While we are not announcing any specific level of Spring bonuses now, we will certainly match any bonuses that other competitive firms may offer.

But while we wait for Sullivan & Cromwell to live up to its spring bonus promise, Quinn has become not a spring bonus follower, but a spring bonus leader….

double red triangle arrows Continue reading “Associate Bonus Watch: Quinn Emanuel Will Pay Spring Bonuses”

Ekaterina Rybolovleva: 'But daddy, I want an $88M apartment now!'

* No dowry, no problem: Dewey we have a suitor for this imploding Biglaw firm? Rumor has it that Greenberg Traurig was seen whispering sweet nothings into D&L’s ear about its possible interest. [Am Law Daily]

* BlackBerry maker Research In Motion has hired Milbank Tweed to work out a restructuring plan. Just think, maybe if your product didn’t suck so hard, you wouldn’t be in this position in the first place. [Reuters]

* Sex, money, and betrayal… it sounds like another failed TV series about lawyers on ABC, but in actuality, it’s just a preview of the John Edwards campaign finance trial set to begin this week. [Los Angeles Times]

* Technophobes beware, because this copyright battle over code is getting serious. Oracle v. Google turned into Larry v. Larry in court last week as the CEOs for both companies gave testimony. [Bits / New York Times]

* George Zimmerman thought he’d have to stay in jail longer because he was having trouble coming up with his bail money, but he was released in the dead of night. Bet he looked pretty suspicious. [CNN]

* “There are [fewer students] coming in and crying. I haven’t had a crier yet, which I have had in the past.” Given the legal hiring market, that’s a real accomplishment for a career services official. [Charlotte Observer]

* Who gives a sh*t? Not this Russian fertilizer tycoon. When you’re a billionaire, buying an $88M apartment for your kid is just a run-of-the-mill transaction. Come on, he’s not hiding his assets for his divorce. [Telegraph]

What must it be like right now to be working at Dewey & LeBoeuf? One imagines a lot of whispered conversations, furrowed brows, and closed office doors. It’s a difficult and stressful time at D&L. To our friends at Dewey, keep your chins up (but, at the same time, do what you need to do to protect yourself and your career).

The anxiety at Dewey is increased by the firm’s cash crunch. Lawyers and staff at the firm are having a harder time doing their jobs because certain resources aren’t available to them.

Even in the digital age, with so many documents transmitted electronically rather than physically, FedEx is still a mainstay at major law firms — but not at Dewey. “We are restricted from using the account and now have to rely on UPS or express mail for overnights,” a source at Dewey told us. “Even if a package is labeled to go out via FedEx, when it goes down to mailroom it is relabeled for one of our new shipping methods. Do you know any other company that can stay afloat without FedEx?”

Will Dewey be staying afloat? Let’s hear the latest about other services that D&L lawyers and staff can’t use, some possible partner departures, and the firm’s ambitious plan for saving itself — via bankruptcy….

double red triangle arrows Continue reading “Dewey Have Enough Money To Use FedEx?
(Plus more potential defections, and bankruptcy planning.)”

Page 209 of 3431...205206207208209210211212213...343