Money
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Biglaw, Bonuses, Money, Willkie Farr
Associate Bonus And New Partner Watch: Willkie Farr
Good news at Willkie Farr: three new partners, two of them women, and year-end bonuses. -
Biglaw, Bonuses, Money
Associate Bonus Watch: Cleary Gottlieb
A new managing partner, new partners and counsel, and a new bonus memo (on a familiar scale). - Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use. -
Biglaw, Bonuses, Money
Associate Bonus Watch: It's Raining Cold, Hard Cash At Debevoise
It's monsooning in the New York metropolitan area, and it looks like Biglaw firms have been inspired by the weather.
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Boutique Law Firms, Money, Small Law Firms
Beyond Biglaw: Making Your Points (Or: Some Tips About Credit-Card Rewards)
How can you make the most out of your credit-card spending points? -
Biglaw, Bonuses, Money
Simpson Thacher Announces Bonuses
A former bonus compensation leader weighs in. -
Biglaw, Bonuses, Money
Associate Bonus Watch: The First Cravath Matches
These two firms were the first matchers last year as well. -
Biglaw, Bonuses, Money
Associate Bonus Watch: Cravath Announces Its 2016 Associate Bonuses!
Hooray! The 2016 Biglaw bonus season is now underway! -
Biglaw, Billable Hours, Bonuses, Money
Associates Billing Their Butts Off Until Biglaw Bonus Season Begins
Keep your fingers crossed for happy bonus news this season! - Sponsored
This AI-Powered Document Tool Will Meet You Where You Are
Lexis Create provides simple access to internal and external knowledge — directly within Microsoft Word. -
Litigators, Money, Wall Street
Forget Holding Them Or Folding Them - Start By Not Leaving Money On The Table!
Many attorneys leave money on the table by overlooking hedonic damages. -
Biglaw, Money, Sponsored Content
Where Do Lawyers Fall In The Top Income Brackets?
Attorneys who make it to Biglaw reap the rewards of a stable and lucrative career, with great prospects outside of the exclusive confines of Biglaw. -
Biglaw, Billable Hours, Bonuses, Money
Associate Bonus Watch: Let's Get This Party Started, Biglaw!
Do you have visions of bonus dollars dancing in your heads? -
Biglaw
Biglaw Strikes Back: The Rich Firms Get Richer This Quarter
Maybe these raises are helping out some firms. -
Morning Docket
Morning Docket: 11.17.16
* Don’t say we didn’t tell you this, but according to the latest report from Citi Private Bank’s Law Firm Group, the great Biglaw salary increase of 2016 is now being cited as a strain on law firm profits. Expenses are now growing faster than revenues at many firms. We’ll have more on this later today. [Am Law Daily]
* This is one promise that President-elect Trump is sticking to: Kellyanne Conway, his campaign manager, has confirmed that he will choose a Supreme Court nominee from the list(s) he released earlier this year: “You’ve seen the list of 21. The list has not changed.” You can see Trump’s shortlist(s) here and here. [Big Law Business]
* “Every good person has an obligation to both to continue being heard and to continue doing the right thing. We can’t afford for a president to fail.” Justice Sonia Sotomayor has spoken out about the results of the presidential election, and she thinks that we must guide President-elect Trump to make the right decisions for the country. [WSJ Law Blog]
* The American Bar Association’s Council of the Section of Legal Education and Admissions to the Bar has sanctioned not one, but two law schools for their lax admissions standards. Valparaiso Law has been publicly censured and Charlotte Law has been placed on probation. We’ll have more on this later today. [National Law Journal]
* Judge William Duffin of the Eastern District of Wisconsin has denied a request made by state prosecutors to delay “Making a Murderer” subject Brendan Dassey’s release from prison. Wisconsin Attorney General Brad Schimel says he will appeal Duffin’s ruling to the Seventh Circuit. Dassey is scheduled to be released on Friday. [Reuters]
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Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
This AI-Powered Document Tool Will Meet You Where You Are
Legal AI: 3 Steps Law Firms Should Take Now
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How Generative AI Will Improve Legal Service Delivery
Profit Powerhouse: Elevating Law Firm Financial Performance
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Money, Wall Street
Lawyers Advising Business Owners May Find Value In Investment Banking Services
A new study offers insights about whether and how investment bankers add value to middle-market transactions. -
Lawyerly Lairs, Real Estate
Lawyerly Lairs: A Federal Judge's Mansion, On The Market For $8 Million
This magnificent home was the scene of a terrible crime. -
Associate Salaries, Money
3 Depressingly Low Associate Salaries
Let's take a look a look at some of the more dire job options out there. -
Politics, Tax Law
First-Year Associates Getting Totally Hosed By Trump's Tax Plan
Your tax bill is about to go up... -
Donald Trump, Law Schools, Student Loans
What Are Donald Trump's Plans For Law School Debt?
How are you going to tackle your debt after graduation? We seriously hope you have a plan. -
Money, Small Law Firms, Solo Practitioners
A Tale Of Two Lawyers: How They Make The Same Amount Of Money But Live Different Lifestyles
What is the moral of this comparative story? Focus on what works for you and stop comparing yourself to others. -
Morning Docket
Morning Docket: 11.09.16
* Following a concession call from Hillary Clinton last night, and in a “stunning repudiation of the establishment,” Donald Trump was elected as the 45th president of the United States. Congratulations to President-elect Trump. How do you like them apples? This historic election wasn’t “rigged” after all! [New York Times]
* Marijuana also won big in the polls last night. Voters in California, Massachusetts, Nevada, and Maine approved recreational marijuana initiatives, with Arkansas, North Dakota, and Florida approving medical marijuana initiatives, but “[t]here are various ways in which a hostile White House could trip things up.” We’ll have more information on this news later today. [Washington Post]
* As we saw in the ATL electoral law school poll, many practicing lawyers voted for Hillary Clinton, but alas, it was all for naught. For example, Lisa Blatt, head of Arnold & Porter’s appellate and Supreme Court practice, had this to say when asked who she voted for in the election: “Duh! Clinton; early voting; and seriously?” [Big Law Business]
* Despite UCLA Law Professor Richard Sander’s pleas to use the data to support his opposition to affirmative action, the California State Bar need not disclose the race or ethnicity of those who took the bar exam since 1972 because it would amount to an invasion of privacy for those promised confidentiality. [San Francisco Chronicle]
* Per an ALM survey, revenue per partner slipped in 2015 to an average of $468,511, down from an average of $491,729 in 2014. This 4.7 percent decline is the largest ALM has seen since it first started tracking the metric. Why is this happening? “Demand is soft. Quite a few firms still have more lawyers than work for them.” [Am Law Daily]
* This must be an interesting situation for the clothing company’s GC-cum-CEO: After deciding to ignore its own reorganization plan and announcing that it would be winding down its U.K. operations, American Apparel is desperately attempting to stave off another bankruptcy filing and has now resumed talks with potential buyers. [Reuters]