* Your pets don’t need millions from your estate after you go to the big dog park in the sky. But if you feel so inclined, Fifi will probably use the money to dye her hair back. Pink is so not her color. [Reuters]
- Bar Exams, Biglaw, Cleary Gottlieb, Job Searches, Law Schools, Money, Morning Docket, Pets, Texas, Trusts and Estates, Twittering, Wachtell Lipton
- Biglaw, Carlton Fields, Cleary Gottlieb, Debevoise & Plimpton, Feminism, Gay, Gender, Jenner & Block, Minority Issues, Paul Weiss, Racism, Rankings, Ropes & Gray, Vault rankings, Weil Gotshal, Women's Issues
We’ve talked a lot in these pages about the value of diversity. It’s important to clients, it’s important to law firms, and it’s important to the legal profession as a whole.
Given the significance of diversity, it’s not surprising that several organizations and news outlets focus on it, especially with respect to large law firms. In the past few weeks, we’ve discussed diversity data from Building A Better Legal Profession and from the American Lawyer, for example.
Today brings news of more diversity rankings, this time from the ranking gurus over at Vault. They’ve compiled a list of 25 best law firms for diversity.
Which firms made the cut? Is your firm on the list?
- Biglaw, Cahill Gordon & Reindel, Cleary Gottlieb, Covington & Burling, Cravath, Davis Polk, Kirkland & Ellis, Rankings, Simpson Thacher, Skadden Arps, Sullivan & Cromwell, Vault rankings, Wachtell Lipton, Weil Gotshal, Williams & Connolly
That year, Latham fell from #7 to #17 on the Vault 100 list of the most prestigious law firms. It was one of the biggest single year drops ever on the Vault list. At the time, I asked: “Is this as far as [Latham] will fall?”
Two years removed from that question, I’m staring at the brand-new Vault 100 rankings. Latham & Watkins is ranked #11.
Memory, my friends, is not something they screen for on the LSAT…
* Oh goodness — this might be too much Weiner, even for me. It’s the transcript (PDF) of Anthony Weiner’s nine-month cyber sex relationship with a 40-year-old blackjack dealer in Las Vegas. [Radar Online]
* This wiener probably isn’t getting a “World’s Best Dad” mug on Father’s Day from his ex-Skadden daughter. [Law Shucks]
* Rounding out our wiener news, here’s a dispatch from Chicago. [WSJ Law Blog]
* Think that accounting firms are so much more family-friendly than law firms? Think again. [The Careerist]
- Biglaw, Cleary Gottlieb, Fenwick & West, Hughes Hubbard & Reed, Job Searches, Kilpatrick Stockton, Minority Issues, Munger Tolles & Olson, Partner Issues, Racism, Rankings, Townsend and Townsend and Crew, White & Case, Wilson Sonsini
Law firm diversity matters. It matters to corporate clients, many of them public companies that want to demonstrate their commitment to diversity through their selection of vendors and service providers — which is what law firms are, at the end of the day. It matters to the law students and lawyers that firms are trying to recruit — which is the premise behind the data collection conducted by Building A Better Legal Profession.
So there should be keen interest in the latest edition of the American Lawyer’s Diversity Scorecard 2011, which the magazine just released. As Am Law explains, the Scorecard constitutes its annual ranking of large law firms by their percentage of minority attorneys and minority partners.
Let’s take a look at the top firms for diversity. Did your firm make the list?
- Biglaw, Columbia Law School, Cornell Law School, Harvard Law School, Job Searches, Law Schools, Northwestern University School of Law, NYU Law School, Rankings, University of Chicago Law School
If your goal in life, or at least your near-term career objective, is to land a job at a large law firm, which law schools would best suit your needs? When it comes to minting Biglaw associates and partners, not all law schools are created equal.
The National Law Journal has just come out with its annual survey of which schools the NLJ 250 law firms relied on most heavily when filling their first-year associate classes. The results are interesting — and also a little depressing.
We’ll start with the depressing part: hiring of top law school graduates continued to decline. As noted by Leigh Jones of the NLJ, “Hiring of graduates of the top law schools by the nation’s largest law firms slid by 10% during 2010 compared with 2009…. In 2010, the top 50 schools sent 3,822, or 27.3%, of their juris doctor graduates to NLJ 250 firms, compared with 30.3% of their 2009 graduating classes. The top 50 schools produced 13,989 graduates during 2010.”
Let’s look at the top 10 law schools, ranked by the percentage of their 2010 graduates who landed jobs at NLJ 250 firms (i.e., “Biglaw”)….
Cleary had previously announced spring bonuses on the Sullivan & Cromwell scale. In fact, CGSH was one of the first firms to follow S&C’s lead. But now that S&C’s spring bonus scale has been eclipsed, Cleary is stepping up to the plate and matching Cravath.
The news was announced today at an associate lunch, where Above the Law got a little shout-out….
- Associate Bonus Watch 2010, Biglaw, Bonuses, Cleary Gottlieb, Cravath, Fabulosity, Money, Simpson Thacher, Sullivan & Cromwell
The venerable firm of Cravath, Swaine & Moore — still widely regarded as setting the market for associate compensation at large law firms, even if other places pay more — has announced springtime bonuses. These bonuses are on top of the recent year-end bonuses that Cravath paid in December 2010.
For the classes of 2010 though 2008, the bonuses are on the S&C scale. But for the class of 2007 on up (more senior), the Cravath bonuses are more generous than SullCrom’s.
It seems that Cravath has gotten the memo: Cachet is nice, but cash is nicer.
So how generous are the Cravath bonuses for the more senior classes?
UPDATE (8:45 PM): After the jump, we have added a table comparing the Cravath total bonus to the Sullivan & Cromwell / Simpson Thacher / Cleary Gottlieb total bonus.
What else is there to say?
- Asians, Book Deals, Books, Cleary Gottlieb, Duke Law School, Jed Rubenfeld, Kids, Law Professors, Law Schools, Lunacy, Patricia Wald, Yale Law School
If you’re going to be a diva, then own it. Was this lesson lost on Yale law professor Amy Chua, the author of an incendiary essay in last weekend’s Wall Street Journal, Why Chinese Mothers Are Superior, and a new book about Eastern versus Western parenting styles, Battle Hymn of the Tiger Mother?
Professor Chua seems to have it all: brains and beauty; an incredible academic career, with an endowed chair at Yale Law School; a hunky husband, fellow YLS prof Jed Rubenfeld; and two lovely and accomplished daughters. (Speaking of Chua’s kids, does anyone know where her oldest girl, Sophia Chua-Rubenfeld, is attending, or applying to attend, college? To Asian parents, sending a child to a top college is the ultimate vindication.)
But Amy Chua may need to work on her bitch-goddess qualities. After her controversial essay about the superiority of Chinese mothers and hard-ass Asian parenting set the blogosphere on fire — and sent her book rocketing to #5 on the Amazon bestseller list — Chua backtracked a bit, instead of defiantly standing her ground.