We now have an update on those reports….
- Associate Salaries, Biglaw, Dickstein Shapiro, Lateral Moves, Layoffs, Money, Musical Chairs, Partner Issues, Partner Profits, Patents
The good news: last month, the firm brought associate salaries up to the market scale (i.e., $160K for first-year associates, $170K for second-years, $185K for third-years, etc.). As you may recall from some of our prior coverage, for a time Dickstein was paying below-market salaries, pursuant to a non-lockstep compensation system.
(A pay-related aside: it seems that we never covered the most recent bonus cycle at Dickstein. If you have info you can share, on bonuses or salaries or anything else about the firm, please email us, subject line “Dickstein Shapiro.”)
Now, on to the bad news….
- Columbia Law School, Lateral Moves, Law Professors, Law Schools, Musical Chairs, University of Chicago Law School
In the latest U.S. News law school rankings, which just came out, Columbia Law School and the University of Chicago Law School maintained their respective spots of #4 and #5. This is the third year in a row that both schools have held steady, as you can see from the historical rankings data at Top Law Schools. (Back in 2009, Columbia was #4 and Chicago was #6, with NYU at #5.)
The schools in the so-called “CCN” band — Columbia, Chicago, and NYU — do battle with one another on several fronts. They compete for admitted students, especially ones with high LSATs and GPAs. They compete in job placement, in terms of getting their grads jobs with top law firms or coveted judicial clerkships.
And they compete with each other for attracting star faculty. The University of Chicago just hired away one of Columbia’s top young law professors — a legal academic who has appeared before in these pages….
- Biglaw, Dewey & LeBoeuf, Headhunters / Recruiters, Lateral Moves, Layoffs, Money, Musical Chairs, Partner Issues, Partner Profits, Sidley Austin, Staff Layoffs
The rumor mill has been churning nonstop over the past week about Dewey & LeBoeuf. In our recent stories about the firm, we’ve discussed reports of financial difficulties, partner departures, and possible layoffs of lawyers and staff.
During this time, firm management has remained fairly tight-lipped. But earlier this evening — a Friday evening, of course — the firm broke its silence. Chairman Steven H. Davis sent out a firm-wide memo, acknowledging the rumors and confirming that yes, Dewey will be conducting some layoffs and engaging in other cost-cutting measures.
Let’s take a look at the memo….
- Biglaw, Dewey & LeBoeuf, Lateral Moves, Money, Partner Issues, Secretaries / Administrative Assistants, Sidley Austin
We recently wrote about various developments at Dewey & LeBoeuf. There have been reports of the firm having some financial issues, and there have been some notable partner departures as well. Sources we’ve heard from at Dewey feel significant anxiety right now about the direction of the firm.
Let’s hear about the latest partner defections, as well as reports about how people are feeling at the firm right now….
- Biglaw, Bingham McCutchen, Dewey & LeBoeuf, DLA Piper, Drinker Biddle & Reath, Hogan Lovells, King & Spalding, Lateral Moves, Money, Partner Issues, Partner Profits, SNR Denton
Over the past few weeks, we’ve been receiving interesting reports about Dewey & LeBoeuf. They were nothing but vague rumblings for a while, but they’ve now reached the point where we have enough to write about.
So let’s check in and ask: How do things stand at this major, top-tier law firm? In other words, “Where’s LeBoeuf?”