Clifford Chance

When it comes to the employee benefit known as “tax equalization for same-sex health benefits” (aka the “gay gross-up”), maybe the pertinent question should be which firms don’t offer it. Since our recent write-up, we’ve heard about more leading law firms that offer this perk, taking the total number of firms that have it to more than 40. (The new firms are mentioned below.)

So let’s move on to the next front, which we also alluded to in our prior post: adoption and surrogacy-related benefits. They’re not nearly as common as tax equalization for same-sex health benefits, but a handful of firms appear to offer them.

Let’s find out which ones, shall we?

UPDATE (2/8/2013, 1:00 AM): A noteworthy update about the legal status of surrogacy, after the jump.

double red triangle arrows Continue reading “Biglaw Perk Watch: Adoption Benefits
(Plus an update on the gay gross-up.)

* “The bottom line is … I’m the 800-pound-gorilla that you want to settle with.” By the way, if you weren’t sure, Howrey’s trustee Allan Diamond wasn’t kidding about suing the firm’s former partners. “Either we’re going to cut deals, or I’m suing you.” [Am Law Daily]

* It takes two to do the partnership tango: in the expansion of its Financial Institutions Group, Goodwin Procter picked up Brynn Peltz, an attorney with more than 20 years’ experience, and an ex-partner at Latham and Clifford Chance. [Fort Mill Times]

* Hello, predictive coding! Goodbye, jobs! Not only can computers do the work of lawyers on the cheap, but they can do it more intelligently, too. Get ready to welcome our new digital overlords. [WSJ Law Blog (sub. req.)]

* Another day, another op-ed article about the law school crisis in the pages of the New York Times. But at least this one is about something most can support: changing the third year of law school. [New York Times]

* As it turns out, with 82 applications for the program’s first five spots, there’s actually a demand for Yale Law’s Ph.D. in Law. So much for this being “[t]he worst idea in the history of legal education.” [National Law Journal]

* Linebacker Jonathan Vilma’s defamation suit against NFL Commissioner Roger Goodell in connection with Bountygate was dismissed. Wonder when Goodell will suspend Vilma for thinking he could win. [Bloomberg]

* Francis Lorson, former chief deputy clerk of the Supreme Court, RIP. [Blog of Legal Times]

It’s the last day of December, so it’s a good time to look back on the year that was. We’ll do what we’ve done for the past three years (wrap-up posts from 2009, 2010, and 2011 can be found here, here, and here) and identify the ten biggest stories of the past year as decided by you, our readers. With the help of Google Analytics, we’ve compiled a list of our top ten posts for 2012, based on traffic (as represented by pageviews).

By the way, for the third year in a row, the most popular category page on Above the Law was Law Schools. People have now been intensely focused on the declining value proposition of going to law school for as long as it takes to earn a Juris Doctor degree. Isn’t it time that we graduate from the current educational model?

The second and third most-popular categories on ATL in 2012 were Biglaw and Bonuses. Although this year brought us the largest law firm failure ever, nearly all other firms indiscriminately doled out offers to summer associates, and bonus season looked better for the first time in years. While the legal profession is still in transition, things are certainly looking up, and through the highs and the lows, we’ve been there to cover it all.

So what were the ten most popular individual posts at Above the Law in 2012? Let’s find out….

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The year is quickly drawing to a close, but we have unfinished business to conduct here at Above the Law. Come on, people, we still have to crown our Lawyer of the Year for 2012.

Thank you to everyone who responded to our call for nominations, in the comments or via email. We’ve narrowed down the nominees to a field of nine (although you’ll see only eight options in the poll because one is a joint nomination). As in past years, the contenders run the gamut from distinguished to despicable.

And the nominees are….

double red triangle arrows Continue reading “Above the Law’s 2012 Lawyer of the Year Competition: The Finalists!”

Where’s the coke?

* NALP is becoming the harbinger of doom for law practice. Here’s some cheerful news: the percentage of female associates in Biglaw dropped for the third year in a row. Perhaps they’re going the way of the Clifford Chance mommy. [National Law Journal]

* Biglaw hotties are coming to a continent near you! Davis Polk & Wardell will be adding a litigation practice to its existing shop in Hong Kong, and they managed to poach two big name Clifford Chance litigators in the process. [DealBook / New York Times]

* According to the ACC, in 2012, base salaries for general counsel rose 1.9 percent, while cash bonuses dropped 7.9 percent. But really, who’s going to complain about a six-figure bonus? [Corporate Counsel]

* A Delaware jury ruled that Apple infringed on several patents in a mobile-device technologies case filed by MobileMedia Ideas. Somewhere, Samsung’s bigwigs are laughing their asses off. [WSJ Law Blog (sub. req.)]

* A woman was arrested in Spain for trying to smuggle in cocaine from Colombia. Seems pretty standard, except for the fact that she was hiding the coke in brand new breast implants — three pounds of it! [CNN]

It’s time to announce the winner of November’s Lawyer of the Month competition. Our five contestants all made the news recently for their deeds of derring-do, be they on the bench on the bike path. As usual, one of them stole the show, both in your votes and in national media coverage.

From Above the Law, to the Huffington Post, to the New York Times, November’s winner rocked the legal profession and caused many to reevaluate their lives — and ultimately, their happiness. As it turns out, sometimes the wonderful world of Biglaw isn’t all it’s cracked up to be.

Who won the contest this time around?

double red triangle arrows Continue reading “November Lawyer of the Month: Mommie Dearest”

November brought us many things to be thankful for, ranging from time spent with family to hurricane relief efforts to the lawyerly antics worthy of representation in our Lawyer of the Month competition.

In what’s probably a first, the majority of this month’s contestants are judges, with a mere sprinkling of lawyers here and there. But when it comes to laying down the law — at least insomuch as this contest is concerned — these controversial jurists are top notch.

Let’s check out our nominees for November’s Lawyer of the Month….

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Unless that’s a butler coming down the track, this family is going to struggle.

Last week, we published a departure memo from an associate at Clifford Chance who could no longer juggle parenting and Biglaw.

Since we published, the story has gone everywhere. The Huffington Post weighed in, and so did the New York Times. I’m glad so many people are finding out that working at one of the top law firms in the world is really difficult. Welcome to our world — they’re not paying people $160,000 and up to work from 9 to 5.

But one disturbing trend in the coverage of this story is the move to blame the husband. Ms. X’s husband only appears once in her tick-tock:

7:45pm: Negotiate with husband over who will do bathtime and bedtime routine; lose

That line has led to rampant speculation about the deadbeat loser Ms. X must be married to. Vivia Chen of The Careerist had one of the more restrained slams on this guy: “Not to be presumptuous, but I think we should all chip in for some negotiation courses for this poor woman. I realize we don’t have all the facts, but her husband seems to be getting away with murder.”

Well, you know what? I’ve been a Biglaw associate, and a Biglaw spouse, and let me tell you, it’s not as easy as it looks. Just because a lady “loses” the negotiations on domestic chores doesn’t mean that she’s married to a sexist pig, and it doesn’t mean the guy is “getting away with murder”….

double red triangle arrows Continue reading “In Defense of the Clifford Chance Mommy’s Husband”

Not pictured: the Biglaw train barreling towards this family.

I’ve read this departure email three times this morning, all while a sleeping six-week-old snores up at me. It’s a departure memo where a Biglaw associate kind of admits that she can no longer juggle the demands of parenthood and the demands of being a Biglaw lawyer. In a way, it’s heartbreaking. I don’t know this woman, and I don’t know what her hopes and dreams are or might have been, but it shouldn’t be so damn hard — in the richest country on Earth — to have a big-time job and be a loving parent. The struggles highlighted by this woman make me sad as a new parent myself.

In another way, this memo is uplifting. You can’t have it all. When you finally come to accept that, it’s liberating. You don’t have to feel like a bad employee or a bad parent for not being able to do it all. As Al Pacino says in the Devil’s Advocate: “Guilt is like a bag of bricks, all you gotta do is set it down.”

So, take a look as one woman bows out of the rat race….

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The world keeps getting smaller, but the law firms keep getting bigger. The American Lawyer magazine just announced its Global 100, the world’s 100 largest law firms in terms of total revenue, and Biglaw seems bigger than ever.

Despite the challenging economic climate, law firms continue to grow. In three key categories — revenue, profits per partner, and attorney headcount — the top firm for 2012 boasts a bigger number than last year’s #1 firm….

double red triangle arrows Continue reading “All Hail the Global 100, the Highest-Grossing Law Firms in the World”

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