O’Melveny & Myers
- 9th Circuit, Antitrust, Biglaw, Cars, Celebrities, Crime, Deaths, Family Law, Federal Judges, Kellogg Huber, Law Schools, Lindsay Lohan, Litigators, Mergers and Acquisitions, Morning Docket, O'Melveny & Myers, Pamela Ann Rymer, Violence
- Biglaw, Department of Justice, In-House Counsel, Law Professors, Musical Chairs, Non-Sequiturs, O'Melveny & Myers, Pets, Solicitor General's Office, State Judges, State Judges Are Clowns, Tax Law
* “Ten Worst Things for a Law Prof To Put on a CV.” [The Faculty Lounge]
* Musical Chairs: Sri Srinivasan, chair of the appellate and Supreme Court practice at O’Melveny & Myers, is leaving OMM to serve as principal deputy to Solicitor General Donald Verrilli. [Main Justice]
* Lawyer turned CEO Andy Lansing is looking for a few nice men (and women). [New York Times]
* Stop me if you’ve heard this one before. A dog walks into a bar…. [Volokh Conspiracy]
* What is up with Georgia judges? Another one bites the dust: Judge Douglas Pullen leaves the bench, terminating an investigation by the Judicial Qualifications Commission. [Atlanta Journal-Constitution]
* Congratulations to the recipients of the First Chair Awards for in-house counsel! The awards will be presented tomorrow night. [First Chair Awards]
- American Bar Association / ABA, Biglaw, Judicial Divas, Kids, Morning Docket, O'Melveny & Myers, Partner Issues, State Judges, Women's Issues
* My parents “ruined my life” a lot when I was a teenager, but I never sued over it. Unfortunately for these plaintiffs, being a snotty little brat isn’t a valid cause of action in Illinois. [Chicago Tribune]
- Biglaw, Cleary Gottlieb, Cooley Godward, Gay, Gay Marriage, Health Care / Medicine, McCarter & English, Money, O'Melveny & Myers, Perks / Fringe Benefits, SNR Denton, Tax Law, Weil Gotshal
Here in the great state of New York, marriage equality is the order of the day — as it is in five other states, plus D.C.. But due to the Defense of Marriage Act, the federal tax code does not recognize same-sex unions. As a result, as explained by the law firm of McCarter & English, “the Internal Revenue Code treats the value of employer-provided healthcare benefits for a civil union or domestic partner as ‘imputed income’ to the employee. This means that employees who elect domestic partner benefits must pay income tax on the value of those benefits, which is in direct contrast to employees with different-sex spouses.”
To address this inequality, a number of law firms — including McCarter & English, as of this June — have adopted what we here at Above the Law have dubbed the “gay gross-up.” This benefit consists of “a bump in income such that, post-tax, the employees are in the same position as similarly situated employees electing healthcare benefits for their opposite-sex spouses.”
In addition to McCarter, a number of prominent law firms have adopted this policy since our last report. Let’s find out which ones….
UPDATE (8/25/11): We’ve added to the list since it was originally published. See the updated list below.
- Biglaw, Cold Offers, Job Searches, NALP, National Association for Law Placement (NALP), No Offers, Summer Associates
Welcome to our latest round-up of summer associate offer rate news. This post contains the latest list of law firms and offices with 100 percent offer rates. In future posts, we’re going to shift gears and focus on firms with lower-than-average offer rates.
An offer rate that’s lower than 100 percent is not necessarily newsworthy. The fall recruiting process by which summer associates are selected isn’t perfect. Sometimes candidates look great on paper and do well during interviews, but then do something during the summer — turning in disappointing work product, getting drunk and acting inappropriately — that causes them to get no-offered. And sometimes people get no-offered for reasons that aren’t their fault — office politics, discrimination. Stuff happens.
We’re not expecting 100 percent offer rates all around. At the same time, there is such a thing as an unusually low offer rate. If you know of an office with an unusually low offer rate — which we will arbitrarily define here as something under 66 percent, or two-thirds — please email us (subject line: “[Firm Name] Offer Rate”).
Now, on to the updated list of firms and offices with 100 percent offer rates….
Since our initial call for information about summer associate offer rates at major law firms, a number of people have contacted us with reports. As it turns out, there’s a lot of good news floating around out there for summer associates.
This leads us to two conclusions:
- Biglaw firms only brought in people they could actually hire.
- You class of 2011 people are some boring individuals.
Honestly, listening to your summer stories is like looking at the Facebook photos of a Mormon school group’s vacation to Amish country. We know that people are worried about getting offers in this tough market, but the risk-aversion of the summers this year borders on cowardice.
Live a little, have a drink, ask her for her number. It’s a job interview, not an audience with the Pope.
In any event, 100% offer rates abound. Let’s round them up….
Last week, summer associate programs began to draw to a close. After a summer of
fun extravagance work, summer associates are eager to find out if they’ll be getting offers of full-time employment.
We expect the answer to be yes at most places. Sure, during the height of the recession, no offer rates spiked. But Biglaw firms seem to have corrected that problem. As almost any jobless 3L can tell you, firms simply started hiring fewer people to be summer associates in the first place.
What’s bad news for many 3Ls is good news for those who were lucky enough to snag summer associate positions. You know what they say: getting in is the hardest part. Right?
Above the Law has received various reports from summer associates at Biglaw firms, crowing about 100 percent offer rates….
Congratulations to Bradley Butwin, firm-wide chair of litigation at O’Melveny & Myers. The firm just announced that Butwin, a 51-year-old, New York-based partner, will take over from A.B. Culvahouse Jr. as chairman of the firm. The timing of the handover remains to be determined.
We previously covered the leadership transition process at OMM. At the time, word on the street was that five candidates were vying for Culvahouse’s position as chair.
In the end, it came down to three partners. Let’s learn about the contenders, and see what else is going on at O’Melveny….
The news from earlier this week continues that trend. Allen & Overy is opening a second U.S. office with, you guessed it, O’Melveny partners (specifically, financial regulatory partners Barbara Stettner and Chris Salter, and counsel Charles Borden).
Up until now we’ve been reporting that there has at least been stability in OMM’s firm leadership. But that may no longer be the case. Today’s report suggests that firm chairman A.B. Culvahouse Jr. may be forced out sooner rather than later….
UPDATE (7/2/11): Additional comment from the firm, after the jump.
- Biglaw, Hughes Hubbard & Reed, Incisive Media, Latham & Watkins, Munger Tolles & Olson, O'Melveny & Myers, Paul Hastings, Rankings
The A-List was created in 2003 in an effort to assess (and rank) the nation’s largest and most prominent law firms in a holistic way. It takes into account financial performance, which is represented by the inclusion of firms’ revenue per lawyer, and other important measures of law firm performance, such as attorney diversity, pro bono work, and associate satisfaction. The latter is measured by a firm’s results on our Associates Survey. Pro bono and diversity scores are also a reflection of a firm’s showing on our annual Pro Bono Survey and Diversity Scorecard.
So, which firms made the grade this year? And which firms are the true elite of the elite?