Cadwalader
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Associate Salaries, Biglaw, Money
With Profits Per Partner This High, It Was Only A Matter Of Time Until Associates Got Raises
Another firm proves they are part of the select MoneyLaw club. -
Associate Salaries, Biglaw, Money
What Firms Miss The 'MoneyLaw' Cut?
Now comes everyone's favorite part of the salary wars: the airing of grievances. - Sponsored
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Morning Docket
Morning Docket: 06.03.16
* A ray of light for Madonna as the Ninth Circuit hands her a victory in a long-running copyright infringement case, creating a circuit split in the process. [Billboard]
* The New York Court of Appeals overturns the $17.2 million award Washington Redskins owner Dan Snyder earlier won against Cadwalader at summary judgment. Life’s hard for billionaires who beg regular people pay their bills for them. [Law360]
* Kirkland & Ellis plays hardball with departing partner, forcing him to repay a $120K bonus before walking out the door. [Legal Week]
* This is why we can’t have nice things. Literally. Intellectual property concerns threaten customizable goods. [Corporate Counsel]
* Texas AG Ken Paxton’s still gonna have to face those criminal fraud charges. [Courthouse News Service]
* Industry groups come out of the woodwork to challenge a Department of Labor rule requiring retirement advisors to act in the best interest of their customers. Crocodile tears abound as the groups claim they agree with the sentiment of the rule but just want the SEC to write it — knowing full well that the SEC isn’t going to write it. [Wall Street Journal]
* Add ABA President Paulette Brown to the list of people outraged that Donald Trump is criticizing a federal judge for, among other things, being of Mexican descent. [Law360]
* Irell gets sneaky in this copyright win over pre-1972 songs. [Litigation Daily]
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Biglaw, Lateral Moves, Partner Issues
4 Leading Litigators Leave Cadwalader For Greenberg Traurig
The head of this group is a major rainmaker, but not necessarily fun to work for. -
Biglaw, Bonuses, Money
Catching Up With Cadwalader: Partner Profits, Associate Bonuses, Lawyer Departures, And More
Profits dipped a bit last year, the firm reinstituted a billable-hours requirement for associate bonuses, and lawyer and staff departures are running high in some departments. -
Biglaw, Bonuses, Money
Associate Bonus Watch: Without A Billable Hours Requirement, All Associates At This Firm Got Bonuses
This firm eliminated billable-hours requirements from its bonus eligibility standards, and associates seem happy with their bonuses. -
Morning Docket
Morning Docket: 10.23.15
* Any day Cadwalader can avoid damages in a huge, multimillion-dollar malpractice case is a great day. Yesterday, the New York Court of Appeals dismissed a never-ending suit filed against the firm by a former client over a failed commercial mortgage-backed securitization. Phew! [Big Law Business / Bloomberg BNA]
* Say hello to Northwestern Pritzker Law: In case you missed it, Northwestern Law recently received a $100 million donation, the largest single gift ever made to a law school. For that much money, you’re damn right the school has a new name. [Chicago Tribune]
* This must’ve been a huge blow to his ego… U.S. Attorney Preet Bharara had to dismiss insider trading charges against seven defendants thanks to a Second Circuit decision that made it harder to prosecute certain financial crimes. [DealBook / New York Times]
* Charleston Law fired back against professors who sued the school by saying in its answer it wouldn’t be in such dire straits if they hadn’t “sabotaged the transfer of the school to InfiLaw.” Take that back, they did a good deed. [Charleston Regional Business Journal]
* “Sorry, not sorry, narcs,” says Judge Breyer. Earlier this week, a California judge informed the DEA that it needed to stop harshing medical marijuana patients’ mellows by shutting down medical pot dispensaries that were operating within state laws. [TIME]
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Biglaw, Partner Issues
A Sick Burn For A Biglaw Partner Who Left His Firm In The Lurch
Ouch! That one had to have hurt. -
Biglaw, Public Interest
Watching Lawyers Freeze To Death For Fun And Cash
A gaggle of young lawyers slept outside in the snow last week. Want to know why? -
Morning Docket, SCOTUS, Supreme Court
Morning Docket: 03.04.15
* Meet David King of King v. Burwell, the epic Obamacare case to be argued before the U.S. Supreme Court today. [New York Times]
* And meet the two legal heavyweights who will be arguing the case before SCOTUS. [Politico via How Appealing]
* Meanwhile, another Supreme Court has put a stop to same-sex marriage down in Alabama — for now. [Buzzfeed]
* General David Petraeus reaches a plea deal, requiring him to plead guilty to a misdemeanor and pay a fine (but no prison sentence). [Washington Post]
* It’s not as sexy as Obamacare or marriage equality, but the collection of state sales tax on out-of-state purchases made online is a pretty important issue — and Justice Kennedy wants SCOTUS to revisit it. [How Appealing (linkwrap)]
* In the wake of a leadership shake-up, Cadwalader is beefing up its Houston energy practice — but is that a wise idea, with the price of oil spiraling downward? [American Lawyer]
* Finally, something that Elie Mystal and Jordan Weissmann can agree upon: dropping the LSAT is a bad idea. [Slate]
* A jury of eight men and 10 women will start hearing arguments today in the trial of Dzhokhar Tsarnaev, defendant in the Boston Marathon bombing. [How Appealing (linkwrap)]
* Legal ethics guru Monroe Freedman, RIP. [ABA Journal]
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Biglaw, Bonuses, Money
Associate Bonus Watch: Will Cadwalader Match Davis Polk?
It's been a couple of months now. You'd think Cadwalader would make a move.
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Morning Docket
Morning Docket: 02.04.15
* When we first reported on this former law school dean’s arrest for prostitution, we weren’t sure if he was the alleged john. Now we know: SMU Law’s John Attanasio allegedly offered to pay an undercover officer $100 for “specific sexual acts.” [Dallas Morning News]
* It seems that a lawyer in Nebraska lost his “special pen” at the courthouse, and he’d really like it to be returned to him. It’s not just any pen — it’s a $500 Montblanc Meisterstück. Help this man get his prestigious pen back. [Omaha World-Herald]
* The early numbers on Cadwalader’s ranking in the Am Law 100 seems to indicate that would-be chair James Woolery got the hell out while the getting was still good. The firm’s profits per partner dropped by 15.3 percent in 2014. Ouch. [Am Law Daily]
* “Being in the law school business looked like a good idea. Those days are over.” Enrollment continues to decline at law schools across the country, and in Virginia, class sizes are about 20 percent smaller than they were in 2011. [Roanoke Times]
* When it comes to the recent murder-suicide of two Tulane Law students, “[p]eople are really surprised and baffled about what happened” because they say there were no warning signs. If you’re depressed, please seek help. [New Orleans Advocate]
* Given the fact that children’s vaccinations have become a topic presidential candidates are debating, you should know that almost half the states allow anti-vaxxer parents to opt-out. Thanks for the measles, everyone! [WSJ Law Blog]
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Biglaw, Hedge Funds / Private Equity, Partner Issues
Musical Chairs: A Major Move Out Of Cadwalader
The revolving door spins again at Cadwalader, this time with a firm leader taking his leave. -
Finance
Want To Invest In An Art CDO? I’d Pass
Many years ago I worked at Cadwalader, which is many fine things, including a hotbed of collateralized debt obligation (or CDO) attorneys and advisers. -
Biglaw, Bonuses, Fenwick & West, Locke Lord, Money
Associate Bonus Watch: 5 Firms Foster Frustration
Many Biglaw associates are happy with their bonuses -- but not some associates at these firms. -
Biglaw, Bonuses, Money
Associate Bonus Watch: No Billable Hours Requirement Still Equals High Bonuses At This Firm
A law firm finally decided to come out of hiding to announce its year-end bonuses. -
Biglaw, Career Alternatives, Romance and Dating, Women's Issues
Former Biglaw Associate Starts Escort Company
Who is this wonderful woman, and which Biglaw firm does she hail from? -
Bankruptcy, Biglaw, Boutique Law Firms, Hair, Howrey LLP, Money, Morning Docket, Murder, Partner Issues, Small Law Firms
Morning Docket: 02.24.14
* Being a former partner of a firm that’s flopped ain’t easy. Ex-Howrey partners find themselves haunted by the failed firm’s “phantom” funds, and now they’re going to court to fight their tax liabilities. [Am Law Daily]
* Silly Cadwalader! You’re not the “oldest law firm in the United States.” Neither are you, Howard, Kohn, Sprague & FitzGerald. That title goes to Rawle & Henderson, a firm that’s been around since 1783. [ABA Journal]
* If you’d like to work at a firm that’s being touted for its anti-Biglaw culture, you might want to take a look at Tandem Legal Group. You won’t ever have to wear a tie at this “fun” and “cool” place. [Washington Post]
* Jason Bohn, the Florida Law grad accused of murder — who also happens to be the guy who was once featured in an NYT article about the perils of law school — has apparently killed before. [New York Post]
* Nicki Minaj is being sued for $30 million by the man who once served as her “wig guru.” Having absolutely nothing to do with the case, imagine being so obscenely rich that you could employ a “wig guru.” [CNN]