Earlier this month, the top-flight California firm of Irell & Manella announced associate bonuses. Historically Irell has paid well above market. Last year, for example, Irell paid double the going rate (as set by Cravath and the other major New York firms).
Unless you drowned yourself in a bathtub full of eggnog over the holidays, hopefully you are at least superficially aware of the Stop Online Piracy Act.
The House of Representatives is considering the bill, known as SOPA for short, that people fear will destroy the Internet as we know it.
Last week, Elie and I were “debating” the insidiousness of SOPA on Gchat. Our conversation went something like this:
Elie: SOPA is terrible.
Chris: It’s pretty much the worst thing ever.
Elie: It’s f***ing disastrous.
Elie and I aren’t the only ones upset. The Internet has whipped into a tizzy over the act. We mentioned it last week in Non-Sequiturs. And I wrote about it back in November. But the story has kept picking up speed. Reddit has gone mad over the bill. Just before the new year, a bunch of Biglaw firms got mistakenly dragged into the fray.
Keep reading for a primer on SOPA and its sister Senate bill, the Protect IP Act. And see why a bunch of Biglaw firms were unintentionally listed as supporters after the jump.…
Many former partners at major law firms spend their post-Biglaw years living large — as well they should. After all, they worked very hard, for many years, to amass seven-figure, eight-figure, or even nine-figure fortunes. After leaving behind the life of billing 2000+ hours a year, they finally have time to enjoy the fruits of their labor.
But not all ex-partners find themselves on Easy Street. Take, for example, these two ex-partners in California — one whose civil suit against her former firm isn’t going so well, and one who might be going from Biglaw to the Big House….
* If you took the “over” on the cold day in Hell when BP is allowed to drill in the Gulf again, you’re gonna lose that bet. [New York Times]
* It’s a bit anticlimactic. And we’ve been pulled apart by political divisiveness. But we are just about done with the Iraq War! Yay? Ticker tape in Times Square, or is it going to be all, “Welcome home, while you were away we misplaced all the jobs and money”? [Politico]
Last month, Juliette Youngblood, an ex-partner at the elite California law firm of Irell & Manella, filed suit against her former firm. In her lawsuit for sex discrimination and wrongful termination, Youngblood advanced a whole host of salacious allegations — including a report of sexual harassment by Morgan Chu, arguably the nation’s #1 intellectual-property litigator.
Irell did not respond to the lawsuit at the time. Now it has, in a blistering 22-page filing that calls Youngblood’s claims “meritless” and “utterly false, complete fabrications manufactured out of whole cloth.”
What does the firm have to say about the specific claims made by Youngblood — such as the allegation that a drunken Morgan Chu made inappropriate and offensive comments to her at a firm happy hour, including remarks about her physical appearance and about “objects entering [Youngblood's] body”?
And what do ATL sources, including readers familiar with both Youngblood and Irell, think of the situation?
* The Game may face charges over an alleged tweet that prevented police from responding to five emergency calls in two hours. Only five? I guess that’s what happens when you’re straight outta Compton, where snitches get stitches. [CNN]
* With Senator Kevin de León hoping to regulate the use of fitted and flat hotel sheets, one thing’s for sure. California isn’t becoming a nanny state. It’s becoming a maid state. [Los Angeles Times]
* You know Chris Stewart has had one too many concussions when he’s still talking about finishing law school after his NFL career is over. [Wall Street Journal]
* I might be a bad little Jew for saying this, but matzoh isn’t worth $9.9B. It’s like eating cardboard. If you want special prison food, at least sue for something that tastes good. [New York Daily News]
Just about all summer associate programs at large law firms have wrapped up by now, and 100 percent offer rates rolled in from firms across the country. That’s great news, but we were more than a little disappointed that we didn’t hear any lurid tales of summer associates gone bad this year.
Sadly, we didn’t hear about any fabulous summer associate events, either. With the high offer rates we’ve seen, we have to assume that there was enough money to go around for firms to host some excellent events, right?
Well, now that you’ve got your offer in hand (hopefully), you can spill the beans on what went down at your firm this summer….
Legendary litigator Morgan Chu, former managing partner and current litigation chair at Irell & Manella, is one of the nation’s top intellectual-property attorneys and trial lawyers. He has tried multiple IP cases to nine-figure jury verdicts, and he has earned every professional accolade under the sun (see his Irell website bio). He is arguably the nation’s #1 IP litigator. (If you disagree, make your case for someone else in the comments.)
And now Morgan Chu is the subject of sexual-harassment allegations. In a lawsuit filed in California Superior Court on Friday, former Irell partner Juliette Youngblood alleges that Chu sexually harassed her, then retaliated against her after she rejected his advances.
Morgan Chu is widely admired — at Irell, where his rainmaking monsoon-making helps generate robust partner profits (over $2.9 million in PPP in 2010), as well as above-market associatebonuses; in IP litigation circles, where he is a fearsome adversary; and among Asian-American lawyers, where he stands as proof that we can excel at litigation as well as transactional work.
It’s hard to believe that such a beloved figure has been hit with such salacious allegations (which we must emphasize are mere allegations at this point, nothing more). But let’s forge ahead and check them out — along with the pertly pretty plaintiff who is making them….
In late December 2010, the elite California law firm of Irell & Manella announced 2010 year-end bonuses that reportedly doubled the benchmark Cravath scale. Although some felt the firm could have been even more generous, given its strong performance in 2010, most Irell associates were quite pleased.
Discontent grew, however, over the following months. Sullivan & Cromwell announced spring bonuses, Cravath announced better spring bonuses, and most top firms followed suit. But not Irell.
Spring turned into summer. Some at Irell feared that the firm was done doling out bonuses until December.
But that fear was misplaced. Yesterday the firm announced “mid-year” bonuses.
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.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
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For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
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