In our recent offer rate round-up, we suggested that the summer associates of 2013 might be a bit… boring. Based on the dearth of juicy summer associate stories, the outgoing SAs don’t sound very fun.
That doesn’t mean, however, that they didn’t have fun this summer. They probably did — because as we know from prior years, Biglaw firms know how to put on great summer programs (which bear little resemblance to what life as an associate is like; you all know the old joke about summer programs).
This takes us to today’s topic: which law firm put on the best summer associate event of 2013?
Base salaries for Biglaw associates haven’t budged since January 2007, when Simpson Thacher led the charge to $160k. Year-end bonuses have remained fairly static since 2007 as well, the year of Cravath’s special bonuses. The 2012 bonuses represented an improvement over the 2011 bonuses, but only if you ignored the 2011 phenomenon of spring bonuses. On the whole, associate compensation is treading water.
But for Supreme Court clerks, aka “The Elect,” compensation continues to climb. In 2011, the signing bonus for outgoing SCOTUS clerks started to move from $250K to $280K. In 2012, the increase solidified, with $280K becoming the new going rate (and $285K becoming the above-market rate).
Now, just a year later, some firms are offering SCOTUS clerkship bonuses in excess of $280K or $285K. How much are they paying, and which offices of which firms are leading the market higher? The answer might surprise you….
Ten years after their time at One First Street, where do Supreme Court clerks wind up? Back in 2004, I tossed out a number of possibilities: high-ranking government posts, lucrative partnerships at leading law firms, and tenured professorships at top law schools.
That seems to be about right. Professor Derek Muller put together this interesting analysis — via Orin Kerr, via Judge Dillard on Twitter — of the SCOTUS clerk class from ten years ago. The clerks for October Term 2003 now occupy some pretty prestigious perches, including posts in the Solicitor General’s Office and the Office of Legal Counsel, professorships at Harvard and Yale, and partnerships at Sullivan & Cromwell and Paul Weiss.
Who will follow in their footsteps? We have some new goodies for devotees of SCOTUS law clerk hiring.
Keep reading for a look at (1) the official list of Supreme Court clerks for October Term 2013, courtesy of the Court itself; (2) our unofficial list of OT 2013 clerks, with law school and prior clerkship information; and (3) an updated list of October Term 2014 hires thus far. Justice Ruth Bader Ginsburg has hired multiple clerks for OT 2014, suggesting that she’s not going anywhere….
As we previously mentioned, Above the Law will be in Seattle tomorrow night. We’re hosting a reception for our readers featuring cocktails, canapés, and a conversation moderated by managing editor David Lat with in-house lawyers:
Christi Muoneke – Deputy General Counsel, DocuSign Inc.
Brad Toney – Senior VP and Assistant General Counsel, Classmates Media Corp. and President, Washington Chapter of ACC
This event will be a great opportunity for attendees to hear from thought leaders, meet members of the Above the Law team, and network with peers. There is no cost to attend. Thanks to our friends at Recommind for their generous sponsorship.
The reception will take place on Wednesday, July 17, from 6:30 p.m. to 9 p.m. Registration closes tonight, so if you’d like to attend, please click on the link below to request an invitation. We look forward to seeing you tomorrow.
On New York’s Upper East Side, just down the street from my high school, sits a magnificent mansion. As my classmates and I walked past on our way to gym class in Central Park, I’d wonder: who lives at 7 East 84th Street?
A titan of finance, like a bulge-bracket banker or a hedge-fund god? The CEO of a Fortune 100 company? A reclusive heir or heiress?
Actually, no. It’s the home of a landlord/tenant lawyer. And not even a landlord-side lawyer, but a champion of tenants’ rights.
The scourge of New York City landlords is a lord himself — with a $30 million castle. Can you believe it?
As we previously mentioned, Above the Law is coming to Seattle. We’ve done events this year in New York, Washington, Houston, San Francisco, and Chicago, and now we’re heading to the Pacific Northwest. (If you’re interested in possibly sponsoring an event, please drop us a line.)
We’re hosting a reception for our readers featuring cocktails, canapés, and a conversation moderated by managing editor David Lat with leading in-house lawyers. This event will be a great opportunity for attendees to hear from thought leaders, meet members of the Above the Law team, and network with peers. There is no cost to attend; thanks to our friends at Recommind for their generous sponsorship.
The reception will take place on Wednesday, July 17, from 6:30 p.m. to 9 p.m. Please click on the link below to request an invitation. We look forward to seeing you next week.
Few places on God’s green earth are more beautiful than Seattle in July. The weather is perfect, with little rain and with temperatures in the 70s, and the days are long.
So it should come as no surprise that we’re taking the Above the Law roadshow to the Emerald City next week. We’re hosting a reception for our readers on the evening of Wednesday, July 17, starting at 6:30 p.m.
This event will be a great opportunity for attendees to hear from legal leaders, meet members of the Above the Law team, and network with peers. Cocktails and canapés will be provided, and there is no cost to attend. Thanks to our friends at Recommind for their generous sponsorship.
Please click on the link below to RSVP. We look forward to seeing you next week.
Last week, an overwhelming percentage of our readers voted for Ruth Bader Ginsburg as their favorite Supreme Court justice. And why shouldn’t they have? RBG is the high court’s second female justice, and she’s been hailed as an advocate for women’s rights since she took the oath in 1993. Not for nothing, but Justice Ginsburg is also a huge hit among pop culture audiences.
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 six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.