Cravath
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Biglaw, Fabulosity, Lawyerly Lairs, Money, Real Estate
Lawyerly Lairs: Cravath Cribs (Part 1)(A non-partner's million-dollar penthouse.)
Partners at Cravath, where profits per partner exceeded $3 million in 2010, are definitely in the top 1 percent. But it seems that even non-partners are doing nicely for themselves, despite all the bonus bellyaching. Check out the million-dollar penthouse -- yay real estate porn! -- of one of Cravath's corporate lawyers. And she's not even a partner.... -
Akin Gump, Associate Bonus Watch 2011, Associate Salaries, Bonuses, Dewey & LeBoeuf, Ho-Love, Money, Partner Profits
Keeping Up With the Cravathians: The Ten Most Generous (or Foolish?) Law Firms
Cravath is among the most profitable firms in the world. We thought it would be interesting to see what the implications of matching Cravath are for those firms with much lower profit margins. Which firms’ partners willingly take the biggest hit by keeping up? Are these firms arguably more “generous”? After the jump, check out those firms that pay the largest percentage of PPP in bonuses.... - Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get… -
Biglaw, New York Times, Weddings
Easiest Way to Get into the NYT Wedding Section? Be an 'Elite' Lawyer
You literally cannot go wrong with a write-up in the NYT wedding section. So is there an easy way to get into the esteemed wedding section? As proven by our very own Legal Eagle Wedding Watch, lawyers seem to have been featured in abundance. But that's just the first part of the equation, according to a new demographics study....
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Associate Bonus Watch 2011, Biglaw, Bonuses, Job Survey, Money, Reader Polls
Bonus Season Blues
Perhaps you’ve already heard that Cravath announced its 2011 bonus scale on Monday (swiftly followed by Skadden and Milbank), and apparently it’s 2009 all over again. We can’t help but wonder if this bonus season’s dyspepsia is typical of lawyers and law students generally.... -
Associate Bonus Watch 2011, Biglaw, Bonuses
Associate Bonus Watch: Milbank Matches -- or Beats? -- Cravath and Skadden
Milbank Tweed matched the Cravath bonus scale for 2011. But wait -- did Milbank perhaps beat the Cravath and Skadden bonus scales? Let's look at the details of the Milbank bonus announcement.... -
Associate Bonus Watch 2011, Biglaw, Bonuses, Holy Crap, Money
Breaking: Cravath Bonuses Are Out; Welcome to the 2011 Bonus Season!
It took a little longer than most of you expected, but Cravath, Swaine & Moore just announced its 2011 associate bonuses. Barring something very unforeseen, these bonuses are what many Biglaw firms, in New York and across the land, will pay out this year to their people. Historically Cravath has set the market with respect to year-end associate bonuses at major law firms. Let's take a look at the official memorandum, and engage in some analysis.... -
Biglaw, Gender, Law Schools, Partner Issues, Partner Profits, Women's Issues
New Partner Watch: Cravath and Simpson
Being a partner at a top law firm is still highly desirable. This is especially true of partners at firms near the top of the Biglaw hierarchy -- places like Cravath, Swaine & Moore and Simpson Thacher & Bartlett, with profits per partner in 2010 of $3.17 million and $2.64 million, respectively. They both announced new partnership classes this month. Let's learn about the new partners at CSM and STB. Maybe you know some of them -- from college, or law school, or a case or matter you've worked on.... -
Advertising, Biglaw, Career Center, Chadbourne & Parke, Partner Issues, Reader Polls, Shameless Plugs, This Is an Ad, White & Case
Career Center Survey Results: Top Partners to Work For – New York (Part 3)
Today we conclude our coverage of the top New York partners to work for, as selected by our readers (see earlier coverage here and here). These seven partners are proof that you can be a good partner who is good to associates while working at premier Biglaw firms like Chadbourne & Parke, Cadwalader, White & […] - Sponsored
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
Advertising, Akin Gump, Biglaw, Career Center, Kasowitz Benson, Partner Issues, Reader Polls, Shameless Plugs, This Is an Ad
Career Center Survey Results: Top Partners to Work For – New York (Part 2)
Earlier this week, we introduced the first group of top New York partners whom our readers nominated as being great to work for. Today we present you with another eight partners from the Big Apple. They hail from some of the heaviest hitters among Biglaw firms: Paul Weiss; Simpson Thacher; Kasowitz Benson; Cleary Gottlieb; Debevoise […] -
American Bar Association / ABA, Breasts, Career Alternatives, Michael Jackson, Money, Morning Docket, Music, Nude Dancing, Rap
Morning Docket: 10.13.11
* People seriously need to stop complaining about alternative careers for attorneys. Having a JD can lead to a fulfilling career outside of the law, assuming you can make partner at Cravath first. [DealBook / New York Times] * Due to a decline in filing fees on the killing of the American dream, the Florida […]
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Biglaw, Ho-Love, Hogan & Hartson, Lovells, Partner Issues, Partner Profits, Rankings
The Biggest Law Firms in the World: Meet the Global 100
Say hello to the Global 100 for 2011. This is the American Lawyer's list of the world's 100 largest law firms, ranked by total revenue. Lawyers are a competitive lot. So you're probably less interested in the overall figures than in how different firms fared in the rankings.... -
Biglaw, Job Searches, Law Schools, Summer Associates
A Tale Of Two Law Students: One Summering At Cravath, The Other Still Searching For A Job
Law school isn't a bad choice or financially ruinous choice for everybody -- just for many people. Law schools tend to trumpet the few stories of success while ignoring the many stories of distress. And now we can look at the thoughts of a have-not -- and see just how bitter he's become. -
Biglaw, Edwards Angell Palmer & Dodge, Eliot Spitzer, Law Firm Mergers, Law Firm Names, Non-Sequiturs, Wildman Harrold
Non-Sequiturs: 07.06.11
* Caylee’s Law would make it a felony for anybody to grieve for their child in any way that doesn’t involve law enforcement within the hour. I trust the libertarian crowd is going to help me point out how this is dumb. [WSJ Law Blog] * Big time antitrust lawyer Christine A. Varney is leaving […]
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Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so…
Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get…
Sponsored
Generative AI In Legal Work — What’s Fact And What’s Fiction?
Zach Warren from the Thomson Reuters Institute discusses the potential and the pitfalls.
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The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms.
Sponsored
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm.
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Biglaw, Rankings, Vault rankings, Williams & Connolly
The 2012 Vault Rankings: Proof Of Short Memories
On February 27, 2009, Latham & Watkins laid off 440 associates and staff. These official layoffs came after months of quietly and stealthily laying off employees. 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 […] -
Antitrust, Biglaw, Department of Justice, Fabulosity, Federal Judges, Judicial Nominations, Lawyerly Lairs, Litigatrix, Money, Partner Issues, Partner Profits, Real Estate, S.D.N.Y., Senate Judiciary Committee
Ex-Cravath Partner Nominated to S.D.N.Y. Is Pretty Stinking Rich
I recently wrote about Katherine B. Forrest, the celebrated litigatrix nominated to a federal judgeship on the breathtakingly prestigious Southern District of New York. Forrest currently serves as a deputy assistant attorney general in the Department of Justice’s antitrust division, but before joining the DOJ she was a longtime partner at Cravath, Swaine & Moore […] -
Antitrust, Biglaw, Department of Justice, Eric Holder, Federal Judges, Judicial Nominations, Litigatrix, Money, Partner Issues, Partner Profits, S.D.N.Y., Senate Judiciary Committee
Ex-Cravath Partner Turned Judicial Nominee Has Underwhelming Net Worth
As I’ve previously mentioned, one of my favorite parts of the judicial nomination process is the attendant financial voyeurism. Judicial nominees are required to make detailed disclosures about their finances, allowing us to learn about their income and net worth. For example, thanks to her nomination to the Supreme Court last year, we got to […] -
Biglaw, Law School Deans, Money, Quote of the Day
Quote of the Day: Wall of Shame, or Wall of Virtuous Restraint?
This is what you see in the law firm world. Law firms try to keep up with Cravath, but it might not be financially prudent. You try to keep up with Cravath, and then two or three years later you go bankrupt. — Dean Frank H. Wu of UC Hastings Law, discussing the legal profession’s […] -
Biglaw, Lawyer Advertising
Is Cravath Getting Soft?
Consider the evidence, from the website of Cravath. We’re guessing this change was made a while ago, perhaps when Cravath overhauled its home page last June, but we didn’t notice it until a Cravath alum pointed it out to us just now. Let’s take a look…. -
Biglaw, Crime, Fast Food, Gay, Gay Marriage, Insider Trading, Kids, Labor / Employment, Mergers and Acquisitions, Securities and Exchange Commission, Securities Law, Wall Street, White-Collar Crime
Matt Kluger, Ex-Biglaw Associate Charged With Insider Trading, Is A Gay Dad -- and Once Sued Fried Frank Over It
“Aww, Matt, why do you have to go around giving us a bad name?” Ever since Matthew Kluger was charged in a massive insider trading case, involving an alleged conspiracy that spanned 17 years and generated more than $32 million in profit, the foregoing question could be asked by many groups: Cornell grads, NYU law […] -
Drinking, Feminism, Gender, Litigators, Sexism, Small Law Firms
Size Matters: Can A Wet T-Shirt Contest Form The Basis Of A Niche Practice?
Ed. note: This is the latest installment of Size Matters, one of Above the Law’s new columns for small-firm lawyers. After talking to so many happy small-firm lawyers, I have begun looking for my own niche to scratch. It came to me while driving in the suburbs a few weeks ago. There was a radio […]