Citi Private Bank Law Firm Group

  • merger law firm merger

    Morning Docket

    Morning Docket: 12.11.14

    * According to the results of the latest Citi Private Bank Law Firm Group survey, law firm managing partners are slowly but surely growing more confident with how the legal industry is turning out as time goes by. Hooray! [Am Law Daily]

    * For what it’s worth, Ben Edelman’s threatening emails to Sichuan Garden weren’t his first time at the rodeo of douchebaggery. A few years back, the Harvard-educated lawyer sent similar emails to a sushi restaurant. Fun times. [Boston.com]

    * The American Bar Association would like to know what you think the most successful law firm merger in history is. There are so many fantastic failures to rule out, but so few true triumphs in comparison. What’re your thoughts? [ABA Journal]

    * The Senate has delayed the confirmation of Michelle Lee as the director of the U.S. Patent and Trademark Office until next year. Thus far, Lee’s would-be position has been open for almost two years. Wow, way to go, slowpokes. [Corporate Counsel]

    * Started from the bottom now we’re here: this lawyer started out in the records department of his firm, and now, after 15 years of working there as an employee, he’s going to become a partner. Congratulations, dude! [Tex Parte Blog / Texas Lawyer]

    * There are 3 types of logic games on the LSAT, and more power to you if you’re able to whiz your way through them. If you suck at logic games, learn how to conquer the mathiest part of the test. [Law Admissions Lowdown / U.S. News & World Report]

    32 Comments / / Dec 11, 2014 at 9:14 AM
  • cooley blue

    Morning Docket

    Morning Docket: 11.26.14

    * Indiana Tech Law has yet another new dean after a little more than a year of operations — he currently serves as a dean at the second-best law school in the nation, Cooley Law. [Journal Gazette]

    * A Pennsylvania lawyer allegedly had sex with a 14-year-old girl in his office, and prosecutors have already reserved a “special place in hell” for him, and possibly a jail cell. [Philadelphia Inquirer]

    * “We feel like we’ve been left hanging in a really stressful time.” While Bingham McCutchen partners and top staffers made moves, less senior staffers were left crying and without a clue. :( [Am Law Daily]

    * Since a grand jury failed to indict Darren Wilson in Michael Brown’s death, people are counting on the DOJ to come through for them. “I just don’t think Ferguson has a leg to stand on,” says one negative nancy law professor. [National Law Journal]

    * After being down in the dumps for a while due to the recession, according to Citi Private Bank Law Firm Group, law firm leaders are feeling more confident and optimistic about the economy — as one can see from these bonuses. [WSJ Law Blog]

    27 Comments / / Nov 26, 2014 at 9:03 AM
  • Height Chart

    Biglaw, Conferences / Symposia, In-House Counsel, Money, Partner Issues, Partner Profits

    How Did Biglaw Do In The Third Quarter Of 2014?

    Some firms should be happy, but others should be worried.

    10 Comments / / Nov 6, 2014 at 2:31 PM
  • Height Chart

    Biglaw, In-House Counsel, Money, Partner Issues, Partner Profits

    How Did Biglaw Fare In The First Quarter Of 2014?

    What are the reasons for optimism in a recent report from Citi Private Bank?

    3 Comments / / May 7, 2014 at 2:56 PM
  • Football: Jets-v-Eagles, Sep 2009 - 19

    BAR/BRI, Biglaw, Christopher Christie, Football, Job Searches, Labor / Employment, Law Schools, Morning Docket, New Jersey, Public Interest, Technology

    Morning Docket: 05.07.14

    * According to the latest Citi report, Biglaw was looking pretty good during the first quarter of 2014. Revenue was up by 4.3 percent — the best first quarter results since 2008. Hooray! [Am Law Daily]

    * Nice work if you can get it: Gibson Dunn, the firm hired to handle New Jersey Governor Chris Christie’s “Bridgegate” investigation, billed about $1.1 million for roughly two weeks of work. [NJ.com]

    * A “perfect storm” of too many grads and not enough jobs caused the decline in law school enrollment. The solution is obviously online learning instead of lowering tuition. Yep. [New Hampshire Public Radio]

    * Spend your summer in a “nontraditional” job setting. This is some great advice to prepare yourself for not being able to get a job at a firm after graduation. [Law Admissions Lowdown / U.S. News & World Report]

    * Our congratulations go out to Catherine Wauters of George Mason Law, winner of BARBRI’s inaugural public interest fellowship! (Our very own managing editor, David Lat, served as one of the judges.) [CNBC]

    * The latest football franchise to face the wrath of underpaid cheerleaders is the New York Jets. Members of the team’s “Flight Crew” say they make less than minimum wage to shake their pom poms. [Bloomberg]

    4 Comments / / May 7, 2014 at 9:13 AM
  • iStock_000036983042Small-RF

    Biglaw, Citigroup, In-House Counsel, Money, Partner Issues

    Managing Partners More Confident In Market — Not Intended As An April Fools’ Joke

    If you didn’t completely believe the headline that managing partners see the market improving, then you were right.

    5 Comments / / Apr 1, 2014 at 11:05 AM
  • patton boggs logo

    Airplanes / Aviation, Bankruptcy, Biglaw, Dewey & LeBoeuf, Morning Docket, Partner Issues, Patton Boggs

    Morning Docket: 04.01.14

    * Maybe things are getting better. Per the latest Law Watch Managing Partner Confidence Index, Biglaw partners have shown an uptick in confidence in the first quarter of 2014. [Am Law Daily]

    * Thanks to this ruling, Chevron can sue Patton Boggs over claims it engaged in fraud during the Ecuador case. Don’t worry, we’re sure the merger with Squire Sanders will be just fine. [Reuters]

    * Dewey know how much the latest clawback suit seeks from this failed firm’s ex-COO? About $9.3 million, for his “astronomically generous” employment contract. [WSJ Law Blog (sub. req.)]

    * No more “unfounded” filings for this unfound plane: A firm’s attempts to get documents from Malaysian Air to file a possible lawsuit have been thwarted by a judge, with the possibility of sanctions. [Bloomberg]

    * When your “concerned uncle” is writing to a pre-law adviser about your future when you haven’t even gone to college yet, you know you’re probably destined to be a gunner. [Law Admissions Lowdown / U.S. News]

    3 Comments / / Apr 1, 2014 at 9:05 AM
  • Wendy Davis

    American Bar Association / ABA, Bar Exams, Biglaw, Law Professors, Law Schools, Layoffs, Midsize Firms / Regional Firms, Money, Morning Docket, Music, Partner Profits, Texas, You Go Girl

    Morning Docket: 02.07.14

    * According to the latest Citi report, the Am Law 50 outperformed the rest of their ilk in terms of net profits and profits per equity partner. As for the rest, ha ha ha, enjoy all of your “modest” returns. [Am Law Daily]

    * The ABA’s Standards Review Committee is close to a decision on its bar-exam passage standard for accreditation. It’s tough to protect students and law schools at the same time. [National Law Journal]

    * Oh my! Professors at Albany Law are incredibly pissed the school would dare imply they suggested lowering academic standards to put asses in seats and stave off faculty layoffs. [New York Law Journal]

    * Wendy Davis has left her position at Cantey Hanger, one of Fort Worth’s largest law firms, to dedicate herself fully to her bid to become Texas’ Next Top Governor. You stand, girl! [Fort Worth Star-Telegram]

    * Yuna, a Malaysian pop star with a law degree who’s worked with artists like Pharrell, doesn’t think she’ll be able to fall back on her J.D. now that she’s in America. Funny, because many Americans feel exactly the same way. [Pittsburgh City Paper]

    8 Comments / / Feb 7, 2014 at 9:12 AM
  • iStock_000019403068Small-RF

    Biglaw, Dewey & LeBoeuf, Heller Ehrman, Howrey LLP, Legal Ethics, Money, Partner Issues

    Should Non-Lawyers Own Firms? Do They Already?

    It’s time to get over ourselves as a profession and join the rest of the world in modernizing the law firm business model.

    29 Comments / / Jan 30, 2014 at 2:02 PM
  • Close-up image of a financial worker analyzing statistical data

    Biglaw, Citigroup, In-House Counsel, Money, Partner Issues, Partner Profits

    Law Firm Profits Projected To Grow 5 Percent — Don’t Get Too Excited

    Everyone’s gushing about that positive profit projection and increasing demand, but the new Citi report delivers some bad news, too.

    1 Comment / / Jan 14, 2014 at 1:03 PM
  • Nadya Suleman aka Octomom

    Biglaw, Confirmations, Crime, D.C. Circuit, Drinking, Law Schools, Morning Docket, Partner Issues, Pro Bono

    Morning Docket: 01.14.14

    * Robert Wilkins was confirmed to the D.C. Circuit yesterday, which is significant because it marks the first time in decades that the court hasn’t had any judicial vacancies. Congrats! [Blog of Legal Times]

    * Biglaw firms should be happy to hear about what the Citi Private Bank’s Law Firm Group has seen in its crystal ball: law firm profits are expected to grow by about 5 percent this year. [WSJ Law Blog]

    * Unlike its stinky burger fiasco, Steptoe & Johnson managed to quietly converse with “three or four” firms about a possible merger, but the firm’s chairman refuses to kiss and tell. [National Law Journal]

    * Take criminal disclosures on your law school apps seriously — after all, someone needs to worry about whether you’ll be able to pass C&F, and it won’t be your school if they just want your money. [Law Admissions Lowdown / U.S. News]

    * Recent law grads working at the Chicago Justice Entrepreneurs Project might not be “rolling in money,” but they’re learning how be successful lawyers, and experience like that is worth millions. [Businessweek]

    * The Alcohol and Tobacco Tax and Trade Bureau, “a regulator that protects its industry from rules it deems unfair,” wants a list of all alcohol, everywhere. Treasury Department party! [DealBook / New York Times]

    * Nadya Suleman, she of the clown car uterus, was charged with welfare fraud for failure to report income from her strip club appearances and porn videos. She’s the Octomother of the year. [CBS Los Angeles]

    20 Comments / / Jan 14, 2014 at 9:12 AM
  • Three cheers for "cultural capital."

    Antonin Scalia, Biglaw, Canada, Department of Justice, Election Law, Gay, Jed Rakoff, Law Professors, Law Schools, Morning Docket, Native Americans, Partner Issues, S.D.N.Y., SCOTUS, Supreme Court, Wall Street

    Morning Docket: 12.17.13

    * Despite his hatred of 3L classes like “Law and Unicorns,” Justice Scalia believes that the third year of law school is necessary — perhaps a necessary evil, but still necessary. [Memphis Daily News]

    * “[T]his excuse — sometimes labeled the ‘too big to jail’ excuse — is disturbing, frankly….” The eminently quotable Judge Rakoff is at it again, this time with harsh words for the DOJ. [New York Times]

    * According to the latest survey from Citi Private Bank’s Law Firm Group, managing partners think that 2014 will be better than 2013. This means bonuses will be the same next year. [Am Law Daily]

    * Attorneys from Wiley Rein are fighting for $2 million in fees in the wake of their SCOTUS win in the Shelby County Voting Rights Act case. The firm’s quest has been called “absurd.” [National Law Journal]

    * “The record is utterly devoid of any evidence of criminal intent or intentional misconduct.” It turns out the attorneys accused of malpractice by the Miccosukee Indians weren’t bad after all. [Daily Business Review]

    * Rather than pegging its value at $1 million, a professor from a fourth-tier law school is promoting the “non-economic value” of a law degree. Can “cultural capital” repay your loans? [WSJ Law Blog (sub. req.)]

    * “[N]o law school in Canada should be allowed to weed out gay students.” Too bad. Trinity Western University, the law school that bans gay “sexual intimacy,” received preliminary approval. [Globe and Mail]

    * Law school specialization and you: follow these three simple steps to help you decide which niche you’ll be unable to find a job in after you graduate. [Law Admissions Lowdown / U.S. News & World Report]

    1 Comment / / Dec 17, 2013 at 9:13 AM
  • Close-up image of a financial worker analyzing statistical data

    Biglaw, Citigroup, Money, Partner Issues, Partner Profits

    Citi Report Reveals A Mixed Bag For Law Firms

    It doesn’t look like law firms have done much to adjust to the “New Normal.”

    4 Comments / / Nov 13, 2013 at 2:03 PM
  • missing RF

    Biglaw, Citigroup, Job Searches, Partner Issues, Partner Profits, Quote of the Day

    Where Are All The Midlevels? Oops, You Laid Them Off!

    Biglaw leaders aren’t confident about much, except for their need of more warm bodies…

    7 Comments / / Sep 12, 2013 at 3:03 PM
  • condom girl

    American Bar Association / ABA, Bankruptcy, Bar Exams, Biglaw, Constitutional Law, Federal Judges, Gay, Gay Marriage, Howrey LLP, Law Professors, Law School Deans, Law Schools, Money, Morning Docket, Ruth Bader Ginsburg, SCOTUS, Supreme Court

    Morning Docket: 08.19.13

    * Justice Ruth Bader Ginsburg is definitely one of our favorite judicial divas. When asked if she thought the Supreme Court’s work was art or theater, she mused, “It’s both, with a healthy dose of real life mixed in.” [New York Times]

    * According to the Citi Private Bank’s Law Firm Group report on the first half of the year, the legal industry should count itself lucky if it manages to meet last year’s single-digit profit growth. This “new normal” thing sucks. [Am Law Daily]

    * Howrey going to celebrate these “monumental” settlements with Baker & Hostetler and Citibank? The failed firm’s trustee might throw a party when he’s finally able to file a liquidation plan. [Am Law Daily]

    * Uncommon law marriage? A man stuck in an inheritance battle who lived with his late partner since 1995 now asks the District of Columbia to declare him common-law husband. [Wall Street Journal (sub. req.)]

    * The ABA’s Section of Legal Education and Admissions to the Bar proposed a major overhaul to its accreditation standards. Action, of course, likely won’t be taken until next year. [National Law Journal]

    * Despite the fact that these measures could help struggling graduates, law deans are at odds over the ABA’s proposed changes to tenure requirements for professors. [Capital Business / Washington Post]

    * “Sooner or later you’ve got to make a choice, because you need enough revenue to cover what your expenses are.” Cooley will weather the storm by introducing a massive tuition hike. [Lansing State Journal]

    * “How would you feel if you spent well over $100,000 on law school, only to have to spend an extra couple of thousand dollars on a course to get you to pass the bar?” You’d probably feel like everyone else. [CNBC]

    * Requiring porn stars to wear condoms might not be sexy, but a federal judge says it’s constitutional. Don’t worry, unlike its actresses, the adult film industry won’t go down without a fight. [Los Angeles Times]

    10 Comments / / Aug 19, 2013 at 9:06 AM
  • Casey Anthony

    2nd Circuit, American Bar Association / ABA, Bail, Bankruptcy, Biglaw, Copyright, Department of Justice, Enron, Google / Search Engines, Jeffrey Skilling, Law Schools, Money, Morning Docket

    Morning Docket: 05.09.13

    * Right about now, the Second Circuit is wondering why authors are suing Google and crying infringement over the Internet company’s e-book project, especially since digitization could benefit so many of them. [Thomson Reuters News & Insight]

    * This is the end of an era of legal battles: Jeffrey Skilling, Enron’s former chief executive officer, is getting a little shaved off the top of his 24-year prison sentence thanks to a deal with the Department of Justice. He’ll be out in 2017. [CNBC]

    * Biglaw expected to have a slow start in 2013, but no one expected it to be this slow. The latest Citi report wasn’t exactly encouraging; on average, firms saw a 0.2% increase in revenue during the first quarter. [Am Law Daily]

    * In the past decade, the American Bar Association has created six task forces to explore changing the face of legal education as we know it. Funny… nothing’s really changed. [National Law Journal]

    * Bail for Ariel Castro, the accused Cleveland kidnapper, has been set at $8 million. “Just think of how many ribs and salsa albums could be bought with that, bro,” said Charles Ramsey. [Chicago Tribune]

    * Casey Anthony had a bankruptcy hearing yesterday, but that news was overshadowed because everyone cared more about the girl who wasn’t going to get away with murder. [Orlando Sentinel]

    1 Comment / / May 9, 2013 at 9:13 AM

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