Some people in the class of 2010 will see this before they see a job.
Don’t look now, but in a few weeks, on-campus interviewing will get started on law school campuses across the country. That’s right — in about a month, law firms will start interviewing people they think they’ll have work for in the fall of 2013. I don’t know where the north pole will be in fall 2013, but law firms are supposed to know how many junior associates they’ll need more than two years from now?
Was this system designed by Nostradamus?
Under this employment system, there are winners and there are losers. Most of the people in the class of 2011 who have contacted us about their start dates have reported that they’ll be starting their Biglaw careers on time in the fall of 2011. That is good news. But even though we’ve moved far from the worst of the recession, there are still firms that are deferring their incoming classes.
In fact, at one firm, some members of the class of 2011 will be starting before members of the class of 2010…
You don’t see this everyday. Raymond Carey, a 57-year-old white male partner at Foley & Lardner, is suing the firm, alleging that it paid him less than it would have paid a “female, non-Caucasian, younger partner.”
Sadly, it appears the only evidence Carey has for his claims is that he wasn’t paid as much as he feels he was promised. That’s disappointing. When women, gays, or minorities make discrimination claims, there are usually juicy tidbits about inappropriate jokes and statements made to the alleged victim. But I just read through a 63-page complaint and there wasn’t a single alleged “cracker” joke. Apparently nobody at Foley told Carey he needed to show “more bulge.”
But hey, if the brother’s not getting paid as much as other people in his office, maybe he has a point. And even if you don’t find the complaint particularly salacious, one of Carey’s attached exhibits is the Foley & Lardner partnership agreement….
It’s November 1. That’s supposed to mean it’s time for Biglaw bonus season. Here at Above the Law, we’re ready for it. Not only are we expecting emails to flow in about bonuses which should be better than last year (email@example.com), we’re also using our Google Voice account (646-820-TIPS) to accept text messages about bonuses.
We expect bonus season to get rolling in earnest soon. Last year, Cravath announced on November 2nd.
But while we wait for bonuses, it seems we still have some firms that are trying to catch up in regards to base associate compensation. After spending most of the year as salary stragglers, Foley & Lardner seems ready to come back to the pack…
The Human Rights Campaign has released its annual Corporate Equality Index, which assesses corporate America’s progress towards equal treatment of the LGBT community.
It’s a pretty great day to be gay and searching for career advice. Gawker has a list up right now on the top ten gay colleges, and the Human Rights Campaign is trying to help you figure out where to work when you’re done with law school.
This year, 97 Biglaw firms (out of 130 who responded to the survey) received a perfect score from the HRC. That’s up from last year and makes the legal field the best industry when it comes to LGBT issues. Banking was next and retail finished third.
Granted, you’d expect law firms — what with their expert understanding of “laws,” and such — to be leaders when it comes to gay and lesbian equality. But the legal field was able to achieve this distinction notwithstanding a somewhat controversial rating philosophy that may have prevented other firms from achieving perfect scores…
With fall recruiting gearing up, and the lateral market warming up, we continue our annual series of open threads about the law firms featured in the Vault prestige rankings. These threads provide ATL readers with a forum to discuss the different firms and their various strengths and weaknesses.
The end of the Vault 100 is in sight. We’re covering the firms in batches of 20 now. Here are the firms ranked #61 to #80, which will provide today’s discussion fodder:
We’ve done a number of reports over the last few weeks on salary cuts of 2009 that are being reversed in 2010. Sure, some firms are still trying to be cute when it comes to associate pay. But many Biglaw firms are back on the $160K scale for associate salaries, at least in major markets.
Apparently Foley & Lardner hasn’t received the memo. While New York associates will start at $160K, associates in other big-market Foley offices (like D.C., California, and Chicago) remain stuck at $145K.
Yesterday, we told you about a law firm that left a war veteran without an offer. Today, we are able to confirm that the firm in question was Foley & Lardner. But we also have a correction and some additional details about the situation.
Let’s get to the correction first. The Minneapolis Star-Tribune reported:
Matt Nelson graduated last week from the University of Minnesota with a law degree and an MBA. Nelson, 36, was on track to earn $145,000 his first year at a Milwaukee firm. But duty called, and while he was serving as an Army paralegal in Iraq, Milwaukee withdrew its offer.
The Minneapolis paper got it wrong here. Matt Nelson was a summer associate at Foley & Lardner in 2008 and 2009. Foley no offered him at the end of his 2009 summer at the firm, which was after he had returned from Iraq. The firm did not pull his offer while he was serving overseas.
That’s lucky for Foley. As many commenters pointed out, yanking an offer while Nelson was in Iraq (as the Star-Tribune reported) might have gotten Foley into legal trouble. As it stands, Foley’s actions are just a depressing statement about insufficient respect for our war veterans.
Above the Law reached out to Matt Nelson, and he made it clear that he doesn’t want anybody feeling sorry for him just because of one no offer….
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When Chintan Panchal decided to leave a global BigLaw partnership to start his own firm, he could only hope that he would face the high-quality problem of firm building that many had cautioned him about. Focused on the uncertainty surrounding of a new firm launch, he decided to tackle staffing needs, IT challenges, and financial planning requirements after he had built up his legal practice.
Panchal Associates LLP–a corporate/finance and outside general counsel boutique–was quickly off to a great start. Clients and matters were flying in the door, and Chintan soon had a team of lawyers and staff with a variety of operational needs. To continue building an excellent team and provide them with a competitive benefits package, to expand his physical presence to include a European practice and additional partners, and to scale his operations and IT capabilities to support this growing enterprise brought with it demands of time, money, and expertise. Chintan knew he needed help.
“With the assistance of NexFirm, we have upgraded the capabilities of our firm to meet, and in some cases exceed, the standards we were used to at our former BigLaw firms. Operationally, we can now attract and service clients we didn’t have the bandwidth to support in the past, and continue to build our team with the best and brightest legal talent in the industry,” said Chintan Panchal, adding “It has worked out quite well in our case; NexFirm is an essential partner for us.”
The holiday season is upon us, and yet again, you have no idea what to get for the fickle lawyer in your life. We’re here to help. Even if your bonus check hasn’t arrived yet, any one of the gifts we’ve highlighted here could be a worthy substitute until your employer decides to make it rain.
We’ve got an eclectic selection for you to choose from, so settle in by that stack of documents yet to be reviewed and dig in…
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