Los Angeles

What’s going on with clerkship bonuses? The last time we really checked was over a year ago. We might do a follow-up; if you have tips — not questions or requests for advice, but hard information about clerkship bonus amounts — please email us (subject line: “Clerkship Bonuses”).

In our last look at the subject, in February 2010, the going rate seemed to be $50,000. You can look back at our prior post for the names of at least 11 firms paying $50K clerkship bonuses. (If any of that info needs to be updated, in either direction, please let us know.)

We can confirm that at least one firm is paying a clerkship bonus in excess of $50,000: BuckleySandler, a young, highly-regarded firm that focuses on banking and financial-services law. We’ve written quite a bit about the firm before; it started with a bang, when Skadden partners Andrew Sandler and Benjamin Klubes left the megafirm to set up their own shop.

Let’s learn a little more about BuckleySandler, and check out the memo announcing the $60K clerkship bonus (along with other compensation-related information)….

double red triangle arrows Continue reading “Clerkship Bonus Watch: BuckleySandler to $60,000!”

Law firm layoffs might be down, but they’re not out. Today we bring news of staff layoffs in the Los Angeles office of Hughes Hubbard & Reed.

We heard reports that approximately 12 out of 18 support staff members have been or will be laid off. According to these reports, eleven were laid off earlier this month, and one will be leaving in a few weeks.

In response to an inquiry from Above the Law, a spokesperson for the firm confirmed the essential accuracy of these reports. No associates were affected by the reduction, she noted.

“This was a difficult move; we had to let go of some very good people,” said Gerard F. Cruse, the firm’s Chief Operating Officer, in a statement issued to ATL. “But, despite the fact we had another record year last year, the recession has impacted our L.A. office and we couldn’t continue to be overstaffed there. We are confident about its future and are planning the L.A. office’s expansion.”

Some additional information, after the jump.

double red triangle arrows Continue reading “Staff Layoff Watch: Hughes Hubbard & Reed (Los Angeles)”

ATL’s competition to crown the best city to practice law continues.

In the regional finals in the east and south, D.C. is dominating New York, and Dallas is doing away with Atlanta. Now it’s time for us to turn our sights westward.

This round’s bouts will determine which city in flyover country is the best for lawyers and will finally resolve the NoCal vs SoCal debate. Let’s get to it…

double red triangle arrows Continue reading “ATL March Madness: Best City to Practice Law (Regional Finals). West and Midwest.”


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