The 86th annual Academy Awards ceremony is this Sunday. It may be amid reviewing stacks of documents, but you know you’re going to be watching — hardly anything else will be on television that night. What better way for lawyers to celebrate the occasion than to learn up on and study the best legal movies of all time?
Can you guess what the top 10 legal movies are? Do you know which ones had the most Oscar wins? Don’t worry, we’ll help you out with that. Keep reading to find out the answers to these questions…
This is the latest in a new series of ATL infographics — visual representations of our own proprietary data, relevant third-party data, “anecdata,” or just plain jokes. This infographic is brought to you by our friends at Prestige Legal Search. Earn another $5,000 to $50,000 with their Rewards Program.
For the most part, Biglaw associate bonuses remain stuck at last year’s levels, reflecting expectations that firm profits will be flat at best. This might seem fair, with everyone feeling the pinch of the “New Normal” and so on. But when we take a small step back and see how these bonus numbers compare as a percentage of partner profits to the bonuses of just a few years ago, these bonuses are arguably pretty measly.
The current $10,000 “market” (i.e., Cravath-following) rate for first-years is just 0.29% of Cravath’s profits per partner (according to the American Lawyer). Back in 2007, first-year bonuses equaled 1.36% of PPP. In other words, the Cravath partnership was nearly five times more generous to its associates back then.
Obviously, Cravath is among the most profitable firms in the world. What are the implications of matching Cravath’s bonus scale for those firms with much lower profit margins? Today’s infographic takes a look at how big a hit to PPP partners willingly take in order to Keep Up With The Cravathians….
Ed. note: This is the latest post in our series of ATL infographics — visual representations of our own proprietary data, relevant third-party data, “anecdata,” or just plain jokes.
Elie here. My first “Black Friday” (that’s the Friday after Thanksgiving for those who reject consumerism in all of its forms) while working in Biglaw, I went into the office. My second Black Friday, I went to the therapist. I didn’t make it to my third one.
Thanksgiving is next week, and while you certainly shouldn’t have to work on Thursday, Friday is a different matter. So, we’ve put together this helpful decision matrix to figure out if you actually have to drag yourself into your Biglaw office on Friday… or if you can sleep off your turkey hangover surrounded by your family and/or the escort you paid to make your holiday feel less empty…
Pro bono work is often an afterthought in the minds of attorneys who have more important things to do with their time — things like “churn[ing] that bill, baby!” But for others, it’s a commitment to fulfilling the very concept their naive and idealistic law school applications were premised upon: helping the people who need it most.
We know lawyers like rankings, so we thought we’d provide you with a way to measure a firm’s prestige and beneficence, all at the same time. Out of all of the Biglaw firms in the United States, which five are filled with the most worthy do-gooders? Let’s find out…
We’ve talked before about the law school brain drain. Essentially, and despite the best efforts of some law professors, the students with the best “logical reasoning skills” as measured by the LSAT are avoiding law school at a higher rate than people at shallow end of the LSAT pool.
There are a couple of possible explanations. Sure, you could say that smarter people aren’t being fooled by the law school value proposition and are making wiser choices. But you could also say that people who test well will naturally have more non-law-school options as the economy recovers.
Still, the fact that law school looks like a bad option to more and more people with lots of options is something that should worry law school administrators — you know, if law school administrators worried about the long-term viability of the current system of legal education.
In Non-Sequiturs on Tuesday, we mentioned a new chart that illustrates this brain drain from a non-LSAT angle. I wasn’t here on Tuesday, so I wanted to highlight it and talk about it a little. Let’s look at whether students from top colleges are applying to law school…
Everyone knows lawyers make mad bank. That’s why you become a lawyer, right? Or, maybe they don’t always get super rich, but they usually do. Wait… lawyers used to always get super wealthy, but now not so much.
Dammit, now I’m all turned around. Point is, however much attorneys make in the U.S., how does it compare to lawyers across the rest of the world? Without further ado, check out our Infographic of the Day….
Law students are coming back to campus now, mainly for on-campus interviewing. How is 3L recruiting going for you, class of 2013?
Ha ha, just kidding. Hopefully when these kids decided to go to law school back in 2010 — despite overwhelming evidence that it was a risky proposition — these kids had some kind of back-up plan for just this situation.
Speaking of “overwhelming evidence,” there’s been a fun little infographic making the rounds around the blogosphere. It’s about the “new” trends in the legal market.
I’m not sure these trends are particularly new. In fact, I think these are trends that people should have been aware of for years. But since so many people show up to campus without critically thinking about their post-graduate job prospects, I’m going to guess this infographic is breaking news to a lot of returning law students…
We’ve mentioned this before, but it definitely bears repeating: fashion law is a fast-growing specialty practice area, a place where IP and corporate junkies alike can spread their wings and fly while taking a tour of the wonderful world of haute couture law. Thinking about joining the party?
If you’d like some additional details on this $250 billion dollar industry before becoming an insider in this stylish subset of law, check out our handy-dandy Infographic of the Day….
It’s easy and popular to criticize America’s tendency towards over-litigiousness. You can talk and argue all day over abstract ideas, but have you seen the numbers all laid out in a handy-dandy infographic? No? Well, we have a special treat for you….
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.