In a postcript to our detailed post speculating about the future direction of the spring bonus phenomenon, we noted “an isolated report of one firm on the S&C spring bonus scale going back and raising to the Cravath scale,” but said we required additional corroboration.
As many of you know, one of our running features here at Above the Law is Lawyer of the Day. We don’t literally name one every day, but we like to keep you informed of the famous and infamous lawyers of the world. At the end of the year, we give you guys an opportunity to vote for a Lawyer of the Year.
Apparently you guys like to vote on lawyers, so why limit the experience to once a year? Above the Law has decided to let you crown a lawyer every month. We’ll pick the nominees (going forward, feel free to submit nominees to us at email@example.com, and you’ll vote for the most deserving. There are no specific criteria — just vote for the lawyer or lawyers you think most deserve the title.
A new year, a new job. That seems to be the thinking of many within the legal profession, based on the proliferation of professional moves we have to report (and not just out of Howrey).
We’ll start with one move that’s aspirational rather than actual. Legal and political superstar Ted Cruz — the Morgan Lewispartner who heads the firm’s Supreme Court and appellate practice, and who was recently named one of the 25 greatest Texas lawyers of the past 25 years — will run for the U.S. Senate seat being vacated by the good senatrix Kay Bailey Hutchison (R-TX). Check out the announcement on his website, or read this BLT post.
Like many lawyers turned politicians, including our current president, the 40-year-old Cruz is a Harvard Law grad (and one of The Elect — Rehnquist / OT 1996). Graduates of HLS’s rival to the south, Yale Law School, tend to take more quirky paths.
That brings us to the second move of the day. YLS grad Yul Kwon — a former Second Circuit clerk and McKinsey consultant, the first Asian-American winner of Survivor, and one of People’s “sexiest men alive” (in 2006) — has left the Federal Communications Commission. Kwon served as deputy chief of the consumer and governmental affairs bureau at the Commission.
‘Tis the season — for new partner elections at large law firms. Although there are some exceptions, most firms pick and announce their new partner classes around November and December, with partnership effective on January 1 of the following year.
These partnership announcements sometimes contain interesting information, if you read between the lines. As we’ve previously observed, “Partnership decisions often shed light on the current state of a firm, its prospects for the future, and its priorities. How many new partners did a firm make? How does the number of new partners this year compare to past years? In which practice areas did it make new partners? How many of the new partners are women or minorities?”
After the jump, we look at new partner news from ten top firms — perhaps you know some of these law firm superstars (and soon-to-be millionaires)? — and we invite you to discuss the new partners at your firm….
The happiness emanating from the offices of Biglaw partners is palpable. Cravath paid a 2009 bonus despite a stronger 2010, and lowballing associates means more money for partners. Partners are giving anonymous quotes expressing their happiness. Skadden whipped off its Cravath-matching bonus memo so quickly it looked like a damn blog post. And, predictably, consultants are now scrambling to support the low bonus numbers.
It would seem that Biglaw has successfully colluded settled upon this year’s bonus schedule, and it is what it is.
But what if a firm already privately promised its associates a bonus scale that is better than last year? Would such a firm happily break its unwritten word just because Cravath set the bonus bar so low? Looks like we’re going to find out.
If you’ve been reading the comments on our bonus posts, you already know that Kirkland & Ellis associates expect to be paid more than the Cravath scale, because that’s what Kirkland has told them…
I am getting married in December so I would love to work at a family-friendly firm. Like Elie, I’m a raging liberal, and I heard Paul Weiss seems to fit that bill. On the other hand, I want to be at a firm with plenty of lovely women. I am bi and my soon-to-be hubby doesn’t mind if I taste a woman’s sweet nectar. Plus I simply cannot live without a pair of supple breasts in my life. (My man is ripped so no manboobs for me.) I met many cute associates at Davis Polk too and I remember an ATL article that mentions the great number of hotties at DPW.
So many choices! Can you help me out?
– Paradox of Choice
Dear Paradox of Choice,
Nice try, but this question’s a flame because nobody uses the term “sweet nectar” unless they’re (1) referring to the drink Odysseus used to get the Cyclops drunk and poke his eye out, or (2) a copywriter at Cosmo. Nevertheless, we’ll answer it because it’s slim pickings around here this week, and it’s better than another snooze-alert “should I quit law school?” question. Of course you should quit law school. Don’t be ridiculous.
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: firstname.lastname@example.org.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.
Whether you’re fresh off the bar exam or hitting your stride after hanging a shingle a few years ago, one thing’s for certain: independent attorneys who start a solo or small-law practice live with a certain amount of stress.
Non-attorneys would think the stress comes from preparing for a big trial, deposing a hostile witness, or crafting the perfect contract for a picky client.
But that’s nothing compared to the constant, nagging, real-life kind, the kind you get from the day-to-day grind of being a law-abiding attorney.
Connecticut plaintiffs-side boutique litigation firm (12 lawyers) seeks full-time associate with 2-4 years litigation experience, top tier undergraduate and law school education. Journal or clerkship experience a plus; highest ethical standards and strong work ethic required. Familiarity with Connecticut state court legal practice is preferred, but not required.
The firm handles sophisticated, high-end cases for plaintiffs, including individuals and businesses with significant claims in a wide array of matters. Our cases often have important public policy implications, and are litigated in state and federal courts throughout Connecticut. Representative areas of practice include medical malpractice, catastrophic personal injury, business torts, deceptive trade practices and other complex commercial litigation, and products liability.
Additional information can be located on our website, at www.sgtlaw.com.