Partner Issues

Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Alison Monahan shares some practical advice with associates.

When you show up for work at a law firm, you realize pretty quickly that there’s a lot to learn. Some things people will tell you, but there’s a lot of stuff no one’s going to tell you. Having been on both sides of the equation (as the one screwing things up, and the one getting annoyed with more junior people making my life difficult), here are a few things I learned along the way.

Ten Rules of Thumb for Law Firm Success

1. Don’t bring cases from the wrong jurisdiction. You remember Erie, right? If not, it’s time to review. There is very little that’s more annoying than giving a junior lawyer an assignment to find some case law, and having them come back with a state case, when you need a federal case, or vice versa. It’s one of those situations where you, as the assigning attorney, feel really confused. Did they not understand the assignment? Did they sleep through Civ Pro? Or do they just not care? None of these thoughts make me like you, or want to work with you again. Be sure you understand what you’re looking for, and resist the temptation to bring an irrelevant case, because you can’t find a relevant one.

2. On that note, no one cares how much effort you exerted. If you can’t find a case on point, just say that! If I ask what steps you took to search, feel free to tell me — in detail — so I won’t replicate your work. But do not go on about how many hours you spent, or how hard you looked. I don’t care. It’s nothing personal, I’m sure you’re doing the best you can. But, if you can’t find what I need, I’ll have to find it myself, so it’s best just to give me the bad news, and get out of the way.

Read more at the ATL Career Center….

Law firm layoffs are back (assuming they ever left). This is not a complete shock, since we heard predictions of them in January, including predictions of partner layoffs.

Many of these layoffs are stealth layoffs — so some firms might argue that they’re not even layoffs, just performance-based dismissals made in the ordinary course of business. It’s hard for us to report on these unless we receive enough tips. If we hear from a single lawyer or staffer who has been asked to leave, that could be a performance-based dismissal; if we hear from multiple lawyers or staffers at the same firm, that starts to look more like layoffs. If you have layoff information you’d like to share, please email us or text us (646-820-8477).

Now, on to the layoffs at Patton Boggs, D.C.-based law firm and lobbying powerhouse. These reductions were too large to fly under the radar….

Please note the UPDATES below regarding the number of affected employees.

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Law school is a ‘debt wizard’ — it’ll make your money disappear like magic!

* In the nick of time, lawyers for the Obama administration filed a brief with the Supreme Court urging the justices to strike down California’s ban on gay marriage. Let’s hope their views have evolved. [BuzzFeed]

* As the lawyers and administrative staff who just got laid off at Patton Boggs can attest to, it sucks to be on the wrong side of “rightsizing.” We’ll have more on this developing story later today. [Reuters]

* Lanny Breuer is leaving the DOJ today, and he’s doing it with a bit of “swagger.” He’s shrugging off rumors that he’ll retreat to Covington, insisting he’ll interview at many firms. [DealBook / New York Times]

* It’s time for the changing of the guard over at Milbank Tweed. Mel Immergut, the longest serving chair of any Am Law 100 firm in New York, is passing the reins to Scott Edelman. [New York Law Journal]

* Michigan Law has a new “Debt Wizard” program that’s extremely useful in that it will allow you to see what you’re getting yourself into. Or, in my case, how poor I’ll be for the rest of my life. Yay! [National Law Journal]

* All he wanted to do was “make the world a better place,” but that didn’t work out so well. In a plea deal, Bradley Manning pleaded guilty to 10 of the charges against him in his WikiLeaks case. [Los Angeles Times]

* Of all of the words that are used to describe Cory Booker, one of them is now “matchmaker.” The Newark mayor assisted a young Seyfarth Shaw associate with his engagement proposal earlier this week. [TIME]


This morning I attended the confirmation hearing for the Chapter 11 bankruptcy plan of Dewey & LeBoeuf. As I mentioned on Twitter a few minutes after leaving the hearing, Judge Martin Glenn confirmed the plan.

Under the plan, secured creditors will recover between 47 to 77 cents on the dollar, while unsecured creditors will wind up with 5 to 14 cents on the dollar. Secured creditors hold about $262 million in claims; total creditor claims, secured and unsecured, amount to about $550 million.

So that’s the bottom line. But what was the hearing itself like? Here are my observations, including a few photos — because bankruptcy court coverage is totally WWOP….

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Aside from the daily challenges associated with sustaining or exceeding gross revenue year after year, Biglaw partners are probably most worried about their firm’s brand. After all, a brand is something that will keep clients coming back, and usher in new and exciting business opportunities.

But with so many firms to choose from, it’s hard to pinpoint exactly which one is on top when it comes to being the most well-known of the bunch, regardless of what their Am Law or Vault 100 ranks might tell you. What matters most is obviously what the clients think.

Of course, there’s now a ranking to determine which firm has the strongest brand in the business….

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Biglaw reporting season continues. But this year we have an interesting twist: K&L Gates decided to share (covered by Lat and Bruce MacEwen, among others). Thankfully, the sharing is not of the “we overstated our revenue by a couple hundred million, and owe a bunch of old and retired partners way more than that anyway” variety. Rather, the firm released financial information that goes a little beyond what you see in your typical Biglaw firm reports (which I previously discussed).

While I have seen the firm hailed as courageous in some quarters, I am reluctant to declare this a huge leap forward towards Biglaw financial transparency. For one, there are other firms that put out even more complete “annual reports,” like Allen & Overy (thanks to an ATL commenter for that reminder), a firm that seems to be hanging on to a lockstep compensation model for partners. Second, as Lat pointed out, there are even internal sources within K&L Gates asking the types of questions that the firm’s “enhanced” report does not answer.

Personally I find a few things about this whole to-do interesting and a bit frustrating….

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As we mentioned this morning, preliminary reports suggest that profits and revenue at large law firms were up in 2012. As we noted yesterday, some firms — e.g., litigation powerhouse Quinn Emanuel — enjoyed double-digit increases in gross revenue and net profit.

Of course, these firm financial reports, reported to and compiled by the American Lawyer magazine, are not as detailed as they could be. They certainly aren’t as detailed as the quarterly and annual reports filed by publicly traded companies, even though a fair number of Biglaw firms have revenues and profits that exceed those of public companies.

And they probably never will be, at least as long as U.S. law firms are private partnerships rather than publicly traded companies. But at least one firm is opening the door a crack and letting more light in….

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Yesterday, we brought you the story of Garrett Waltzer. The former Skadden partner sent around a thrilling departure memo explaining to his colleagues that he was leaving the firm to help the music career of his wife, R&B artist and near-reality show star TaQuita Thorns. If you missed yesterday’s story, I’ll wait here while you catch up.

Yeah, that happened.

So when I say former Skadden partner, boy do I mean “former.” Skadden has already removed his bio from their website. That firm doesn’t play.

But Waltzer is still talking. After yesterday’s story, he opened up a little bit about his personal life to Vivia Chen of The Careerist.

Oh, and I did I mention we’ve got a clip of TaQuita Thorns on her reality show?

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PPP at one top law firm?

* Law School Transparency? Nay, Biglaw Transparency! Peter Kalis, global managing partner of K&L Gates, just opened the kimono wide on his firm’s financial performance in an “unusually detailed” fashion. [Wall Street Journal (sub. req.)]

* Talk about a pain in the pocketbook: although profits per partner and revenues are up overall, one firm saw shrinkage of 16 percent in PPP. [Thomson Reuters News & Insight]

* The ABA is just now thinking of trying to find someone who will audit the graduate employment data that law schools release each year. Gee, it only took 15 fraud lawsuits to get the ball rolling. [National Law Journal]

* Oh my God, you guys, carrying six figures of law school debt on your shoulders is “unsustainable” in the long run, especially when your salary sucks. This is new information that no one’s heard before. [News-Gazette]

* Former U.S. Attorney Jim Letten is now Tulane Law’s new assistant dean for experiential learning. For the school’s sake, hopefully he’ll be able to control his students better than he did his AUSAs. [Tulane Hullabaloo]

* “You’re a cold-blooded murderer and I’ll stare you down until I die.” Drew Peterson was sentenced to 38 years in prison for the murder of his third wife. A sequel to the Lifetime movie is likely forthcoming. [Reuters]

The weather here in New York City has turned quite cold. How can one deal with the brutally frigid temperatures?

Well, if you’re a partner at Quinn Emanuel, maybe you should buy yourself a fur coat. Or fill a fireplace with hundred-dollar bills and get a nice toasty blaze going.

Given the firm’s financial performance in 2012, these options lie within the realm of possibility. CHECK YOU EMAIL for direct deposit notification.

Let’s take a look at 2012 financial reports concerning Quinn Emanuel, Bingham, and Perkins Coie. There’s some good news in each firm’s numbers….

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