Money

This is cool with the Ninth Circuit.

* Lanny Breuer finally announced his retirement from the DOJ. He’s going back to the private sector, and perhaps Covington and Jenner & Block will duel to see which firm gets dibs. [Thomson Reuters News & Insight]

* You may be wondering if it’s ever constitutional to testify in a drug cartel case while wearing a disguise — namely, a mustache, a wig, and sunglasses. Behold, the Ninth Circuit’s opinion! [WSJ Law Blog (sub. req.)]

* It may be a new year, but suing Biglaw firms never seems to get old. From Blank Rome to White & Case, here’s a thrilling roundup of all suits that have made waves in 2013, a “lawsuit-palooza,” if you will. [Am Law Daily]

* “We are going through a revolution in law with a time bomb on our admissions books.” The entire law school dream is continuing to swirl down the drain at warp speed, and the New York Times is on it! [New York Times]

* Is anyone actually surprised that every single one of Jerry Sandusky’s post-conviction motions was flat-out denied? If so, then it seems you may be in very serious need of a 1-800-REALITY check. [Legal Intelligencer]

* George Zimmerman’s attorney asked a judge to delay his client’s trial because he claims the prosecution is causing problems. Also, he’d kind of like to get paid, but that’s neither here nor there. [Orlando Sentinel]

* If you weren’t aware, there was a law firm office shooting in Arizona yesterday, and one of the wounded is Mark Hummels, a partner with Osborn Maledon. Best wishes for a very speedy recovery! [Arizona Republic]

* When they tell you stop writing when time is called during the bar exam, you STOP FREAKING WRITING when time is called on the bar exam — unless you don’t like bar admission, of course. [National Law Journal]

Some of you must have seen that show Cash Cab on the Discovery Channel. If for some reason you haven’t, here’s what goes down in each and every episode of the show: a good-looking taxi driver carts unknowing passengers around town and offers them the chance to win money by correctly answering trivia questions on the way to their destinations.

If it seems too good to be true, well, it was — alas, lawyers just got invited to ruin the party for everyone else.

Here’s the photo for our latest caption contest….

double red triangle arrows Continue reading “Caption Contest: Because The Pay Is Better Than Doc Review”

It’s hard to get a good read on the direction of the economy these days. And the same could be said about the direction of Biglaw.

It seems that every week brings a new survey, report, or set of predictions. And they often point in different directions. Sometimes they are pessimistic, claiming that layoffs (including partner layoffs) are just around the corner. Sometimes they are positive, noting that despite the challenging economy, legal spending is up. And sometimes they fall somewhere in between.

Today brings news about past performance — which, while not a guarantee of future performance, can sometimes offer hints. It’s about how large law firms fared in the year just ended. And it’s good news….

double red triangle arrows Continue reading “From the Department of Pleasant Surprises: Biglaw’s Solid Performance in 2012″

I don’t know about everyone else, but when I was in law school, I would sometimes feel like a little kid again. And to answer your first question, no, it’s not because of the low level of education I received at my TTT. Instead, I was reminded of my childhood, when I used to play sports in the backyard. I imagined that the game was in its final seconds, and I would win it all by making that big final play. But as childhood fades, so too does some of the fun of life.

What’s the proof of this? What once was a childish fantasy became a legal fantasy when I became an adult. That’s right, in law school, I would sometimes daydream about being a big-shot attorney, with a huge, O.J.-sized case. I would spout off some legal jargon to the amazement of the jurors in my closing, and then they would come back after only a few minutes, giving my client the “win,” and making me very, very wealthy at the same time.

Just like my dreams of athletic glory, this dream now seems far-fetched. The résumés and cover letters continue to rack up in my sent mail box, but nothing except spam, CLE event notifications, Groupon ads, and messages from ugly girls on Match.com fill my inbox. Things have become so bad that I would even welcome a simple acknowledgement that my application was received….

double red triangle arrows Continue reading “Gradenfreude: From Dreams of Being a Biglaw Big Shot to the Reality of Food Stamps”

Morning Docket: 01.29.13

Casey Anthony: Paralegal?

* “[W]e cannot continue as a nation with 11 million people residing in the shadows.” And we especially can’t have all those people in the shadows without hundreds and hundreds of drones in place. Civil liberties be damned! [Huffington Post]

* According to this Wells Fargo survey, Biglaw did quite well in terms of revenues last year. Given that PPP was up nearly five percent, it’s now appropriate to bitch about why your bonuses weren’t even bigger than they were. [WSJ Law Blog (sub. req.)]

* “Being a lawyer is a damn good profession.” To be fair, it could be an even better profession if things in legal education were subjected to some serious change, and Hofstra Law’s new dean seems to understand that. [New York Law Journal]

* Stoners everywhere would like to know when the federal government is going to legalize marijuana, but to be frank, they should thank their Lucky Charms they’re not getting prosecuted in states where it is legal. [TIME]

* Russia is officially trying to prosecute a dead man — a dead lawyer, no less. That said, we’re pretty sure it’s safe to say that not even Yakov Smirnoff himself could come up with a reversal for this one. [New York Times]

* Oh my god, some of Lat’s pop culture prophecies are coming true: Casey Anthony wants to become a paralegal. Nancy Grace is in the process of birthing a herd of cows over Tot Mom’s ambitions. [ABC News]

* The grand jury in the JonBenet Ramsey murder case thought there was enough evidence to indict the Ramseys on child abuse charges. This would’ve been a great thing to be outraged about in 1999. [CBS News]

* I’ll be tweeting from the LegalTech show today. Follow me on Twitter to get all the latest updates. [Twitter]

Young lawyers just starting out with their own practice usually tell me the type of work they’re doing is “whatever comes in the door.” Of course the pedigree Biglaw types criticize that type of practice, but probably don’t know that when the now dead founders of their firm started, they probably had a similar type of practice. They did real estate work, wrote a will, and maybe even (God forbid) found themselves defending a client in criminal court. At some point, they developed a practice and became known for a certain type of lawyering.

What I see today is lawyers doing any kind of work in order to eat, and lawyers who are lucky enough to have a niche, but are still taking cases in which they have no idea what they are doing. It’s like the lawyer whose niche is probate, but has never stepped foot in a probate litigation case, or the lawyer who handles misdemeanor cases taking on a complex white collar case because “it’s a good fee.”

Those of us who suffer through lawyer e-mail listservs see these lawyers all the time. “Has anyone filed a motion for ____________ who can send me a copy?” That same lawyer asks for multiple documents in a period of several weeks and then asks about procedure and whether anyone knows opposing counsel. They’ve never handled a case like this, and worse, have no idea what they are doing. They’ll never realize how pathetic they look to everyone else on the list, many of whom will have an opportunity to refer a case, and will remember not to send it to them.

There’s nothing wrong with learning, unless you are learning to the detriment of the client. There’s no doubt we’ve unknowingly been on an airplane with a pilot who is in the captain’s chair for the first time, but there’s also someone sitting to the right of him.

This post isn’t simply about asking for help, it’s also about determining whether the case is something you should take. When you’re starting out, or struggling, and someone comes in with more money than you received in the last three months, you’re all too eager to pretend you know how to handle the client’s case. You’ll just take the retainer and start typing away on the listserv, or fake it and hope you can figure it out. You also hope the client will never know that they’ve hired a lawyer that has no idea what to do.

I’m not saying you shouldn’t take these cases; I’m saying you should protect your client, and yourself, in that order….

double red triangle arrows Continue reading “The Practice: When It’s Not The Case For You”

It has been a long time since our last listing of the major law firms that offer the “tax offset for domestic partner health benefits” or the “tax equalization for same-sex health benefits.” (If you’re not familiar with this benefit, also known as the “gay gross-up,” see this explanation.)

As we’ve explained before, this benefit is necessary because of the Defense of Marriage Act (DOMA). Let’s hope that this benefit is no longer necessary in the near future. This Term, the Supreme Court will rule on the constitutionality of DOMA (assuming they don’t dodge the issue on jurisdictional grounds). If SCOTUS goes the way of the lower courts, DOMA will go down, and the gay gross-up won’t be needed.

In the meantime, though, the benefit is needed. Let’s take a look at which firms should be added to our list….

double red triangle arrows Continue reading “Biglaw Perk Watch: Tax Equalization for Same-Sex Health Benefits”

* So, this happened over the weekend: Anonymous hacked the U.S. Sentencing Commission’s website and is threatening to release government secrets about the DOJ (and possibly all nine of our Supreme Court justices) unless the legal system is reformed. [CNET]

* A spoonful of sugar makes the lawyering go down? Apparently the best way to remind lawyers that they need to act civilly is through song. Or through Above the Law posts, but we aren’t in the habit of hosting sing-a-longs like the New York Inn of Court did. [Wall Street Journal]

* “[U]nless there are major changes in the legal industry,” law school administrators shouldn’t expect people to apply in droves, especially when they’re now fleeing like rats from a sinking ship. [National Law Journal]

* Arizona’s Supreme Court will allow people to take the bar exam after two years of study, but come on, the justices don’t want to jump the shark by allowing online law grads take the test, too. [East Valley Tribune]

* Tim Tebow got to trademark Tebowing, so why shouldn’t Colin Kaepernick get to trademark Kaepernicking? All the San Francisco 49ers quarterback wants to do is sell some inevitably overpriced t-shirts. [NBC Bay Area]

* An appeals court threw out two of Casey Anthony’s convictions, but her legal drama is far from over. The ex-MILF filed for bankruptcy to escape nearly $1 million in liabilities, including Jose Baez’s legal fees. [CNN]

As we mentioned earlier today, bonuses are out at Latham & Watkins. The announcement came out yesterday.

And that’s basically the only thing our Latham sources can agree upon. Reactions to the LW bonuses varied greatly.

Let’s check out the numbers and see what our sources have to say….

double red triangle arrows Continue reading “Associate Bonus Watch: Mixed Emotions at Latham & Watkins”

A lot of in-house attorneys dream of reaching the top someday. And when they fall short of becoming the Managing Editor for Above the Law, they look to general counsel positions instead.

You get paid the big bucks, fly first class everywhere, and get to boss around outside law firms. What’s not to like?

I decided to find out. I checked with several general counsels (GCs) and chief legal officers (CLOs) (note — no one at my company), to learn what they think really sucks about being at the top of the legal hierarchy….

double red triangle arrows Continue reading “Moonlighting: Why You Don’t Want To Be The General Counsel”

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