Back in February 2009, Latham & Watkins laid off 440 people. They weren’t the first firm to lay people off, they weren’t the last, and you can even argue that they didn’t even lay off the most associates in percentage terms.
Now, the latest ignominy. The verb “Lathamed” isn’t just in Urban Dictionary; it’s in the Latham & Watkins firm description in the Chambers guide:
In 2008 gross revenue slipped to $2 billion and profits per equity partner were down by 21 percent, according to 2009 Am Law data. The initial response was a number of performance-related layoffs which was followed, in February 2009, by the laying off of another 190 associates and 250 support staff members. Such was the severity of the cuts that the expression “to be Lathamed” (which, by its most polite definition, means “to be laid off”) was coined.
Unbillable Hours is not, however, a Latham exposé (which I’d eagerly read, by the way). Rather, the book centers on Graham’s work on a major pro bono case. The book’s publisher describes it as follows:
Landing a job at a prestigious L.A. law firm, complete with a six figure income, signaled the beginning of the good life for Ian Graham. But the harsh reality of life as an associate quickly became evident. The work was grueling and boring, the days were impossibly long, and Graham’s main goal was to rack up billable hours.
But when he took an unpaid pro bono case to escape the drudgery, Graham found the meaning in his work that he’d been looking for. As he worked to free Mario Rocha, a gifted young Latino who had been wrongly convicted at 16 and sentenced to life without parole, the shocking contrast between the quest for money and power and Mario’s desperate struggle for freedom led Graham to look long and hard at his future as a corporate lawyer.
Yesterday I chatted with Ian Graham about his book, his time at Latham, and how he made the transition from a legal career to a writing career.
On Sex and the City, Samantha was never seen scrolling through comments on news blogs to make sure her clients’ reputations weren’t being maligned. Instead, she attended fancy New York parties and talked up her roster of good-looking clients.
But SATC is dated. The work of public relations professionals has been made harder (and less glamorous) by the explosion of online news sources. We know that law firm PR folks spend a healthy amount of time monitoring the legal blogosphere to do damage control for their firms. Another place they need to watch is Wikipedia.
The crowd-source encyclopedia has become the go-to reference site for most Internetters. Society’s sages often warn people not to take everything they find in Wikipedia at face value — since the information does not necessarily come from experts and is not systematically vetted — but that advice often goes unheeded.
Because Wikipedia is such an important source of information, and so easily edited, some try to manipulate entries to give them a positive or negative spin. Lawyers at certain firms have been found guilty of this before (e.g., Wachtell). Sometimes dueling manipulation of an entry reaches the level of what Wikipedia calls an edit war — when two or more editors are continually overriding one another’s changes.
The Wikipedia gods ordered an end to the war on the page of Latham & Watkins. BLY1 noticed that the page was put on lockdown. A note from the Wikipedia war god says:
NOTE: IF YOU HAVE COME HERE TO EDIT ABOUT LAYOFFS, THINK TWICE. EDITS MUST BE FACTUALLY VERIFIABLE, AND NEUTRAL. IF YOU ARE CONNECTED TO THIS COMPANY IN ANY WAY WE ADVISE YOU *NOT* TO TOUCH IT.
Someone kept inserting references to Latham’s layoffs and how hard hit first-year associates were. That info has now been scrubbed from the page.
We decided to take a stroll though the revision history of other law firm pages to see who needs to do clean up, and who has done clean up. Cravath, for example, had a very interesting description for a short time…
Class of 2010 graduates with offers in hand want to know when they’ll have firm-issued BlackBerrys in hand too. Last week, we had an open thread on start dates for 2010 graduates.
Shortly thereafter, we heard from Skadden-bound associates. They’ll be starting in the new year, and they’ll have some money to keep them afloat til then. But it’s money from their future earnings:
[Skadden] says “start date and orientation in mid-January 2011.” No stipend — just 15k salary advance — 5K in April, rest with receipt of final law school transcript. Repaid out of first year salary.
Honestly, I was hoping for more…
Skadden is a market leader. Does this mean stipends are no longer in fashion? Sorry, 3Ls, money for doing nothing is so 2009. UPDATE: We’ve noticed some confusion in the comments. We’re not talking about the bar stipend; we’re talking about the deferral stipend for January start dates. If you look at our 2009 round-up, you’ll see that many firms offered a $5,000 – $25,000 “deferral stipend” along with January start dates. (Last year was a different ballgame, though, with deferrals taking incoming associates by surprise. This year, offering salary advances instead of stipends might not be unreasonable.)
What’s the policy at other firms? Some firms, such as Sidley Austin and Milbank, are reportedly still offering stipends. A round-up, and more chatter from Skadden-ites, after the jump.
There was no LEWW last Friday because last week’s wedding pages were even bleaker than the Biglaw employment news. We’ve bounced back nicely, though, because Valentine’s Day fell on a Saturday this year, making this week’s weddings section a February feast of premium nuptial news.
We present three outstanding couples for your consideration:
Superstar litigatrix Kathryn Ruemmler, a litigation partner at Latham & Watkins and an Enron prosecutor before that, has been picked to serve as Principal Associate Deputy Attorney General in the Obama Justice Department. That title is a mouthful, but lawyers inside the Beltway know it’s a Big Deal.
The revolving door between the DOJ and Latham swings again. Ruemmler has traded places with another fierce female litigator: Alice Fisher, who rejoined the firm after heading up the Criminal Division.
As for Ruemmler, the government’s gain is Latham’s loss. Says one LW tipster: “She’s a really good lawyer, and a genuinely nice person. We’re very sorry to lose her.”
Kathy Ruemmler isn’t just a genial genius; she’s stylish, too. From the WSJ Law Blog, reporting on a day of the Ken Lay trial:
Speaking of footwear, the boldest fashion statement of the day — possibly rivaling O’Melveny paralegal Bill Evans’s goth getup for the gutsiest sartorial move of the week — came from the government’s Ruemmler. The deputy director of the Enron Task Force, who won convictions against four Merrill Lynch bankers in the 2004 Nigerian Barge case, paired a conservative gray suit with stunning 4-inch bright pink stiletto spikes.
Litigatrix indeed. Just because you work for the DOJ doesn’t mean you have to shop at DSW.
There’s a lot of diversity in Obama’s Department picks so far. Eric Holder, nominated to serve as Attorney General, is African-Amercan. Elena Kagan and Dawn Johnsen, nominated to serve as, respectively, Solicitor General and head of the Office of Legal Counsel, are women.
The full memo about Ruemmler’s move, after the jump.
We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at email@example.com in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
In a land that is right here and in a time that is right now, a technology has arisen so powerful that it can replace basic human document review. Is it time to bow down before our new robot overlords?
First, here’s a little story about me: my life in the legal world began as a paralegal. My first case was a GIANT patent infringement case that was already six years old and had involved as many as five companies, multiple US courts, the ITC and an international standards committee. I knew nothing about any of this.
On my first day, my supervisor (a paralegal with at least eight other cases driving her crazy) sat me down in front of a Concordance database with a 100,000+ patents and patent file histories. “Code these,” she said. I learned that “coding”, for the purposes of this exercise, meant manually typing the inventor’s name, the title of the patent, the assignee, the file date, and other objective data for each document. I worked on that project – and only that project – for at least the first six months of my job. After a week or so, time began to blur.
What I know, in retrospect and with absolutely certainty, is that as time began to blur, so did my judgment. So did my attention to detail. If you could tell me that I did not make at least one mistake a day – one inconsistent spelling, one reversed day and month, one incorrectly spaced title – I frankly would need to see your evidence. I would not believe it. The human mind is trainable but it is not a machine.
Watch to find out what some of our subscribers received in their May box!
The proper hair styling product might just be the only thing standing between you and your dream job. And the best way to find what works for you is to try the best stuff on the market. Join Birchbox Man for $20 a month and you’ll get customized shipments of the best grooming and lifestyle gear on the market every month—everything from haircare and shaving supplies to style accessories and tech gadgets.
As the leading discovery commerce platform, Birchbox is redefining the retail process by offering consumers a unique and personalized way to discover, learn about, and shop the best grooming and lifestyle products out there. It’s a full 360-degree process: try, learn, buy. Once you sign up and fill out your profile, head over to Birchbox Man’s online magazine to find article and video tutorials on how to get the most out your monthly box products. Pick up full-size versions of anything you like in the Birchbox Shop and earn points for every purchase.
The traditional job application and interview process can be impersonal, and applicants often struggle to present themselves as more than just the sum of their GPAs, alma maters, and previous work history. ATL has partnered with ViewYou to help job seekers overcome this challenge. ViewYou NOW Profiles offer a unique way for job seekers to make a personal, memorable connection with prospective employers: introduction videos. These videos allow job candidates to display their personalities, interpersonal skills, and professional interests, creating an eDossier to brand themselves to potential employers all over the world. Check it out today!