De-equitized partners

  • Tim Tebow

    Attorney Misconduct, Biglaw, Deaths, Football, Law Schools, Money, Morning Docket, Partner Issues, Rudeness

    Morning Docket: 04.11.12

    * Well, at least somebody’s getting a spring bonus. A Biglaw firm has folded against the EEOC’s will on the de-equitization of partners. And all of the underpaid old farts at Kelley Drye & Warren rejoiced! [Bloomberg]

    * Jets fans, are you ready for some football? That’s too bad, because no amount of Tebowing could have saved Reebok from settling this Nike suit. You’re going to have to wait for your damn jerseys. [WSJ Law Blog]

    * George Zimmerman’s lawyers, Craig Sonner and Hal Uhrig, have dumped him as a client. They’re probably just pissed that the “defense fund” he set up wasn’t linked to their PayPal account. [Miami Herald]

    * Marrying a terminally ill client who’s as old as dirt may seem like a great way to make some quick cash, but it’s more likely that you’ll just be disbarred. [San Francisco Chronicle]

    * When you’ve been late to court so many times that a judge calls your behavior “premeditated, blatant and willful,” you better be ready to open your wallet. That’ll be $500; at least pay on time. [New York Law Journal]

    * If at first you don’t succeed, try, try again — but only after a few years, banking on the off chance that the bar admissions people have forgotten about all the bad sh*t you did in law school. [National Law Journal]

    * Frank Strickler, Watergate defense lawyer to two of President Nixon’s top aides, RIP. [New York Times]

    6 Comments / / Apr 11, 2012 at 9:07 AM
  • Abortion, Biglaw, Family Law, Gay, Morning Docket, Old People, Partner Issues, Suicide, Vermin / Rodents / Pests, Women's Issues

    Morning Docket: 03.08.12

    * Lawyers at this Biglaw firm may learn a thing or two about respecting their elders later this week. Kelley Drye is close to settling an age discrimination suit filed by Eugene D’Ablemont, one of its many de-equitized partners. [Wall Street Journal]

    * Well, this could definitely be one of the reasons why Cravath hasn’t given out any spring bonuses to associates yet this year. They probably had to spend all of their money to clean up their allegedly fly-infested cafeteria. [Am Law Daily]

    * Women in Virginia will now be able to politely decline their pre-abortion transvaginal ultrasounds in favor of abdominal ones. Oh, how nice! Look at that, girls, we totally won the war on women. [CBS News]

    * Things Dharun Ravi texted to Tyler Clementi on the night the latter committed suicide? “I’ve known you were gay and I have no problem with it.” Of course you knew, you watched his sexual encounters via webcam. [CNN]

    * According to the Massachusetts Appeals Court, this equation makes sense: donor sperm + donor eggs + an estranged wife + consent to post-separation IVF = a child support obligation. [Boston Globe]

    6 Comments / / Mar 8, 2012 at 9:01 AM
  • Demotion

    Biglaw, Husch Blackwell, Partner Issues, Partner Profits

    Yes Virginia, Partners Get Demoted Too

    We’ve heard many stories about partners without sufficient business quietly being “pushed out” or de-equitized. But we rarely see an entire group of partners publicly “demoted” en masse. Well, on Monday a Biglaw firm did just that…

    14 Comments / / Mar 7, 2012 at 2:04 PM
  • Biglaw, In-House Counsel, Partner Issues, Partner Profits

    Inside Straight: How De-Equitizing Partners Can Undermine A Business Model

    Last week’s Am Law 100 list revealed publicly a trend that partners at big law firms have been feeling acutely: The largest law firms have de-equitized partners in the last two years in an unprecedented way. In the words of one of the articles, “Equity partner head count alone slipped 0.9 percent last year, after […]

    37 Comments / / May 2, 2011 at 11:32 AM
  • Old People, Partner Issues

    Kelley Drye Strikes Back at the EEOC and Ancient De-equitized Partner

    Earlier this year, the U.S. Equal Employment Opportunity Commission sued Kelley Drye & Warren for stripping aging partners of equity in the firm. Here at ATL, we have mixed feelings about the elderly. In an ATL debate over mandatory retirement policies at law firms, Elie endorsed kicking old partners to the curb, while I objected […]

    20 Comments / / Apr 6, 2010 at 2:56 PM