Kirkland & Ellis

* Though she be but little, she is fierce! Under Mary Jo White’s guidance, the Securities and Exchange Committee is now cracking down on financial fraud with a vengeance. [DealBook / New York Times]

* When a Biglaw firm’s chairman skeptically says, “Uh, OK, I mean, maybe,” with regard to a future increased demand for legal work, you know things are bad. We’ll have more on this later today. [New Republic]

* With Detroit’s downfall, vultures are swooping in left and right to snag clients. Firms retained thus far include Weil Gosthal, Arent Fox, Kirkland & Ellis, Winston & Strawn, and Sidley Austin. [Reuters]

* “I’m not a 100% sure this is legal.” Two law professors have come up with a revolutionary way for law students to finance legal education that sounds like it just might work. [WSJ Law Blog (sub. req.)]

* Normally when Biglaw firms and legal departments go to court over contested litigation, something’s gone wrong, but this summer, they’re trying to do some good in the world. [National Law Journal]

* Soon, it’ll be known as Western Michigan University Thomas M. Cooley Law School, but even with a new name, you’re still going to be Cooley, and there’s no recovery from that. [Lansing State Journal]

* In Greenwich, Connecticut, the fact that people buy homes where they want their kids to go to school isn’t a “complicated concept.” The schools’ racial diversity, on the other hand, is. [New York Times]

Yesterday, some summer associates watched kitten videos on YouTube.

It’s the middle of June, the sun is shining, and Biglaw summer associate programs are in full swing. An old joke: Satan offers incredible wealth to a man in exchange for his soul. The man replies, “B-b-b-but, won’t I have to go to Hell?” Satan says, “Oh, don’t believe what you’ve heard, Hell isn’t that bad. Here, take a look.” And it’s all cocktail receptions and long lazy lunches at fancy restaurants. So he sells his soul. Later, when he dies, he goes to Hell, and sure enough, it’s all flames, pitchforks and eternal agony. The man protests to Satan, who replies – “Oh, that was our summer program.”

The joke smells a bit like 2006 or so, when Biglaw summer programs were at their largest and most extravagant, and most firms barely pretended any substantive work was part of the equation. Yet even though summer associate classes have been significantly downsized post-recession and the perks aren’t as lavish, the summer associate experience certainly retains much of that Bizarro world detachment from the actual realities of practice.

Summer programs have traditionally served as bait-and-switch recruitment tools used to woo rising 3Ls with wine tastings, sporting events, theater outings and boat rides. Since the recession, many firms have begun to emphasize “real work” as central to their summer associate programs (e.g., here and here). But these claims need to be taken with an ocean of salt. As the Dothraki say, “it is known” that newbie lawyers just aren’t ready to do any real work.

In any event, let’s take a look at the top-rated Biglaw summer associate programs, according to the ATL Insider Survey.

double red triangle arrows Continue reading “Which Biglaw Summer Associates Are Happiest With Their Firms?”

Venue disputes aren’t normally entertaining. But then again, venue disputes don’t normally involve professional basketball players, embarrassing emails, a smattering of Biglaw firms, and delicious, delicious irony.

Former National Basketball Players Association Executive Director Billy Hunter, whose management of the union representing the NBA’s players is blamed by some for dragging out the NBA lockout that nearly derailed last season, may soon get kicked out of the venue where he filed a multimillion dollar suit last month. He’ll finally understand how the players felt.

His adversary, NBPA President Derek Fisher, has filed a motion alleging that Billy Hunter chose the venue because of his close personal relationship with the presiding judge.

It would be a shame for Hunter if they had emails to prove it.

Uh oh, Billy…

double red triangle arrows Continue reading “Irony Alert: Former NBA Union Director Billy Hunter May Get Locked Out of Chosen Venue”

* Congratulations to Sri Srinivasan on his unanimous confirmation to the D.C. Circuit. Fun Fact: Sri Srinivasan played high school basketball on the same team as Danny Manning. No joke there, it’s just a random fun fact I know about him. [USA Today]

* Should health care cover sex for people with disabilities? Sure, but spring for the Cadillac plan so you don’t get stuck with Helen Hunt. [PrawfsBlawg]

* The federal government has almost $5 billion invested in law schools. That’s around 4.4% of the total federal investment in higher education. So screw you future microbiologist, we need moar lawyerz! [Law School Cafe]

* Skadden covertly recruited its lawyers and staff best versed in Star Wars to sort through the intellectual property rights to 209 characters to make sure Disney successfully acquired the proper rights for every core character. If they had any decency they’d just let Jar Jar go. [Hollywood Reporter via ABA Journal]

* Law school to reconsider applicant it dinged the first time around. As Paul Caron notes, “Money quote from Dean: ‘we wanted to make sure that we weren’t taking advantage of them.’” How magnanimous of you to reconsider taking their money. [Tax Prof Blog]

* Judges manipulated the system to promote a vendor they personally operated on the State’s time. That’s one way to pad that judicial salary. [Washington Times]

* Kirkland and Ellis associate Roy Cho is mulling a run for Congress in New Jersey. It’s not official yet, but he has set up a campaign-ready Twitter account, and in politics that’s like changing to “In a Relationship” on Facebook. [NJ Herald]

* Zachary Cohn, age 6, drowned after becoming entrapped in the drain of his family’s swimming pool. The Connecticut Superior Court recently finalized a combined settlement of $40 million to Zac’s estate. Now his parents have taken all of the net proceeds from the case to establish The ZAC Foundation to tackle the nationwide issue of pool suction entrapment in private and public pools and to improve overall water safety. [Daily Business Review]

* The gender and age discrimination suit between Pat Martone and Ropes & Gray settled. [Thompson Reuters News & Insight]

* The Times Publishing House is suing a 22-year-old law student for defamation. A newspaper suing a new media reporter with the very laws that land them constantly in court? *Cuts off nose to spite face* [Spicy IP India]

Ted Ullyot

* Given the name and origins of the Tea Party movement, it actually makes perfect sense that their groups got grief from the IRS. [Washington Post]

* Wachtell Lipton weighs in against the practice of shareholder activists offering special compensation to director nominees. [Dealbook / New York Times]

* A law professor, Joshua Silverstein, argues that schools should embrace grade inflation. (But haven’t most of them done this already?) [WSJ Law Blog]

* Facebook shareholders might not “like” this news, but Ted Ullyot plans to step down as general counsel after about five years. We’ll have more on this later. [Corporate Counsel]

* The Brooklyn DA’s office is reopening 50 murder cases that were worked on by retired detective Louis Scarcella (who looks oh-so-savory in the NYT’s photo of him). [New York Times]

* In news that should shock no one, Nicholas Speath’s dubious discrimination case against Georgetown Law has been dismissed. [The BLT: The Blog of Legal Times]

* Not long after leaving Cravath for Kirkland, Sarkis Jebejian is putting together billion-dollar deals for private-equity clients. [Am Law Daily]

* Professor Jeffrey Rosen reviews an interesting new book, The Federalist Society (affiliate link), authored by Michael Avery and Danielle McLaughlin. [New York Times]

* We know you’re all excited about the new RANKINGS, but tonight is also the LAST NIGHT to vote for Law Revue finalists. [Above the Law]

* “It’s totally reasonable to spend $75 just for a shot at an unpaid internship,” said no one ever. [Craigslist] UPDATE: The crafty employer took it down already. But they didn’t count on me getting a screenshot and transcribing it. Check it out after the jump!

* Kirkland & Ellis (or any Biglaw firm) handing out advice on women and “work/life balance” should elicit exactly this response. [UChiLawGo]

* Reading Above the Law can make you money. Sure, it’s only by boosting your severance package, but… [A Paralegal's Life]

* Several law school professors were recruited from prison. So if you’re hoping to get tenure… [Dallas Blog]

* Pirate Bay is still out there hopping around the Caribbean to avoid prosecution. Just like real-life, well, you know. [IBTimes]

* Running over a bicyclist? Accomplishment unlocked for some real-life GTA players. [Legal Juice]

double red triangle arrows Continue reading “Non-Sequiturs: 05.01.13″

The basketball tournament may be over, but ATL March Madness still has one more round of voting. It all comes down to this. After four rounds of voting, we finally have our finals set. And it’s not the matchup I would have predicted.

Negotiating the harsh realities of a challenging economy is a tall order, and our readers think the two firms in the finals are the best equipped to come out on top.

No word yet on whether the partners of either firm in the finals have decided to get inked up if they win.

double red triangle arrows Continue reading “ATL March Madness: The Law Firm With the Brightest Future — Finals”

If you follow the world of large law firms, then you are probably familiar with the incisive and candid commentary of Steven J. Harper. Over at his blog, The Belly of the Beast, Harper offers excellent insights into the world of Biglaw.

Harper knows so much about that world because he spent his entire legal career in it. He joined Kirkland & Ellis after graduating from Harvard Law School in 1979. He practiced litigation at the firm for about 30 years, until his retirement in 2008, at the early age of 54 (which you can afford to do when you’re an equity partner at a firm as lucrative as K&E).

In addition to blogging, Harper has written four books. I spoke last week with Harper about his latest book, The Lawyer Bubble: A Profession in Crisis (affiliate link), and about his views on the worlds of Biglaw and legal education….

double red triangle arrows Continue reading “An Interview with Steven Harper, Former Kirkland Partner and Author of ‘The Lawyer Bubble’”

Poor Wichita State, huh? The team was robbed of a finals appearance by a terrible held-ball call. The terrible call would have been more palatable if it weren’t for the fact that the NCAA should have known better than to put Karl Hess on that officiating crew. Hess made a team go the wrong way and shoot baskets for the opposing team earlier THIS SEASON. So color me unsurprised when Hess botched a call to end the game. So much drama.

Meanwhile, in the ATL March Madness bracket, we finally got some drama with some big upsets and close calls….

double red triangle arrows Continue reading “ATL March Madness: The Law Firm With the Brightest Future — Final Four”

Well, the tournament has been a “shocker,” right? I know folks from Wichita State and they are psyched to flash inappropriate gestures on national TV for another round.

Sadly, Oregon got bounced out of the Sweet Sixteen, which made me a little sad, though not as sad as my whole bracket getting bounced when Indiana lost by double digits. I’d finally put my faith in the Big Ten and they repaid me with that?!?

In any event, the ATL bracket finally got some action too, with a couple of upsets. Including my beloved Cleary…

double red triangle arrows Continue reading “ATL March Madness: The Law Firm With the Brightest Future — Round Three”

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