Money
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Litigation Finance, Litigators, Money
Lessons From The Burford-Gerchen Keller Deal
What might have motivated this major deal in the litigation financing space? -
Biglaw, Bonuses, Money
Associate Bonus Watch: A Litigation Powerhouse Announces
Some associates are pleased, but others don't like the firm's expanding marketing requirement. - Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so… -
Biglaw, Bonuses, Money
Biglaw Firm Hits The Mark With Individualized Bonuses
The feedback has been universally positive -- so far.
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Biglaw, Bonuses, Money
Kirkland & Ellis Places Bonuses In Stockings -- We Need Your Help To Break Open This Black Box
Bigger than market bonuses at Biglaw mainstay... -
Biglaw, Bonuses, Money
Associate Bonus Watch: Nationwide Market Bonuses With Lower Billable Hours Thanks To A Merger
Partners decided to spread the wealth this year. -
Morning Docket
Morning Docket: 12.20.16
* So much for Prof. Lawrence Lessig having flipped at least 20 Republican electors: Only two “faithless electors” from Texas refused to cast their votes for President-elect Donald Trump, choosing John Kasich and Ron Paul instead. At the end of the day, more Democrats chose not to support their party’s nominee, Hillary Clinton. [The Hill]
* Sorry, but Chief Justice John Roberts won’t grant your emergency petition to force the Senate hold a confirmation vote on President Obama’s SCOTUS pick, Judge Merrick Garland (D.C. Cir.). Instead, Judge Garland will resume hearing cases on January 18, and President-elect Trump will make his nomination after his inauguration. [Reuters]
* With the new year almost upon us and 2017 financial forecasts being made for the largest firms in the country, the great salary increase of 2016 has come up again and again as a major cost suck for some Biglaw firms. How costly was it? According to Aric Press, “[t]his will cost the average Am Law 100 firm, with headcount at 930 lawyers, about $11.6 million a year, or $57,300 per equity partner.” [Big Law Business]
* Working Mother is surveying law firms to determine which ones offer the best environment for lawyers with kids. The publication will release a list of the 50 best firms, and the deadline for participation is February 10. Help your firm get recognized for something that could help steer the direction of an associate’s career. [ABA Journal]
* Are you running behind on purchasing your gifts this holiday season? Worry not, because thanks to the legalization of marijuana in these eight jurisdictions, you can give your friends and family the gift of ganja without being criminally prosecuted: Colorado, Massachusetts, Nevada, California, Maine, Alaska, and Washington, D.C. [INVERSE]
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Law Schools, Student Loans
Law School DENIED Access To Federal Student Loan Dollars
The student loan merry-go-round that kept one law school's doors open just came to an unexpected, screeching halt. -
Biglaw, Bonuses, Money
Associate Bonus Watch: This Prestigious Biglaw Firm Has Announced Its Bonuses
What did Gibson Dunn do this year? Well, what do you think? - Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms. -
Biglaw, Bonuses, Money
Associate Bonus Watch: Achin' For More Cash? This Firm Beat Market (For Some)!
Would an extra performance bonus of up to $25,000 put a little more pep in your step this holiday season? -
Bonuses, Politics, Women's Issues
Conservative Partners Give Female Associates Smaller Bonuses
This is really disheartening. -
Biglaw, Bonuses, Money
Associates At This Firm Are REALLY Pissed About Their Bonuses...
Associates at this firm say morale is terrible. -
Bonuses, Boutique Law Firms, Money
Associate Bonus Watch: Another Firm Blows The Cravath Scale Out Of The Water
Maybe it's time to find a new job... -
Morning Docket
Morning Docket: 12.16.16
* Are conservative partners giving smaller bonuses to female associates? Per the results of a recent study, political ideology impacts how partners allocate discretionary income to associates based on gender. If you thought this couldn’t happen in Biglaw since bonuses are largely lockstep by class year, think again. The firm studied has 1,000+ lawyers. We’ll have more on this later. [Am Law Daily]
* “We’ve got one of the country’s finest jurists, who I happened to have nominated to the Supreme Court and who’s going to continue to serve our country with distinction as the chief judge on the D.C. circuit, Merrick Garland is here.” President Obama hasn’t withdrawn his SCOTUS nomination, but his White House Hanukkah party introduction of the jurist indicates he’s all but given up on Garland’s confirmation. [Washington Post]
* “Just because you didn’t go to law school doesn’t mean you shouldn’t have more time to bond with a new child.” Lowenstein Sandler has adopted a gender-neutral family leave policy that’s being offered to all of the firm’s employees — not just its lawyers. Congrats to the firm on taking an important leap towards parental equality. [Big Law Business]
* According to the latest ABA data, first-year law school enrollment has increased for the first time since 2010. Don’t get too excited over this news, because only 36 more 1Ls were enrolled in law school in 2016 compared to 2015, and one of the schools with the largest enrollment increase (Indiana Tech) is closing for good. [National Law Journal]
* “Once again, public schools have decided that their commitment to diversity does not extend to Christians.” Texas Attorney General Ken Paxton is going to war over a religious Charlie Brown Christmas poster that was banned from a local middle school. AG Paxton has filed suit, but some say he did so as a distraction from his own indictment. [Reuters]
Sponsored
The Business Case For AI At Your Law Firm
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
Legal AI: 3 Steps Law Firms Should Take Now
Sponsored
Generative AI In Legal Work — What’s Fact And What’s Fiction?
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
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Biglaw, Bonuses, Money
These Prestigious Biglaw Firms Haven't Announced Bonuses
Only four firms are keeping their associates waiting. Can you guess which ones? -
Biglaw, Bonuses, Money
Time Is Ticking: Why Hasn't Your Firm Announced Bonuses Yet?
Is your firm listed here? If not, what are the partners waiting for? -
Biglaw, Bonuses, Money
Associate Bonus Watch: Sullivan & Cromwell Finally Speaks!
The firm sure took its sweet time to announce bonuses this year. -
Litigation Finance, Litigators, Money
A Major Merger In Litigation Finance Means A Giant Payday For Three Young Lawyers
They're all in their thirties, and they'll split an eight-figure payout. -
Biglaw, Bonuses, Money
Associate Bonus Watch: It's All About The Benjamins For Top Billers At This Firm
There's something very special in store for those who billed their behinds off... -
Small Law Firms, Solo Practitioners
5 Year-End Planning Tips For The Procrastinating Attorney
While year-end planning is important, it does not have to be a multi-day ordeal, as Shannon Achimalbe explains. -
Litigation Finance, Litigators, Money
Variety Fuels Billion-Dollar Litigation Finance Funds Of Tomorrow
Litigation funding is an unsettled environment, and there's plenty of room for innovation and new ideas.