Partner Profits

  • buying in small

    Biglaw, Money, Partner Issues, Partner Profits

    Buying In: Still Outside the Gates

    What does Anonymous Partner think of K&L Gates’s new and improved financial disclosures? In short, he is not impressed.

    1 Comment / / Feb 26, 2013 at 10:05 AM
  • 100 dollar bills benjamins

    Biglaw, Lateral Moves, Money, Partner Issues, Partner Profits

    Partner Profit Reports: K&L Gates Swing Wide Open

    K&L Gates offers very detailed financial disclosures. What is motivating their opening of the kimono?

    8 Comments / / Feb 22, 2013 at 3:58 PM
  • Uhh... thanks for the bonus?

    American Bar Association / ABA, Biglaw, Law Schools, Money, Morning Docket, Murder, Partner Issues, Partner Profits

    Morning Docket: 02.22.13

    * 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: according to American Lawyer, profits per partner and revenues are slowly swirling down the drain at several Biglaw firms, with shrinkage of 16 percent in PPP at one firm. [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]

    2 Comments / / Feb 22, 2013 at 9:02 AM
  • 100 dollar bills benjamins

    Biglaw, john quinn, Money, Partner Issues, Partner Profits

    Partner Profit Reports: Quinn Emanuel, Bingham, Perkins Coie

    How did large law firms fare financially last year? Here are reports from Quinn Emanuel, Bingham, and Perkins Coie.

    5 Comments / / Feb 21, 2013 at 3:42 PM
  • Growth Is Dead RF

    Biglaw, Books, Fabulosity, Parties, Partner Issues, Partner Profits, Shameless Plugs

    Calling All Law Firm Partners: The Future of Big Law Reception

    She’s a longtime Debevoise partner, and she’s married to a longtime Cravath partner. Let’s take a look at their financial disclosures.

    24 Comments / / Feb 12, 2013 at 2:47 PM
  • Height Chart

    Biglaw, Citigroup, Dewey & LeBoeuf, Money, Partner Issues, Partner Profits, Videos, YouTube

    How Did Biglaw Do in 2012? The Bankers Speak

    Not too shabbily. But problems could arise in 2013….

    4 Comments / / Feb 8, 2013 at 2:37 PM
  • Close up of a Will

    Biglaw, Money, Partner Issues, Trusts and Estates

    Debevoise Ditches Its Trusts and Estates Practice

    What prompted this move? And what will happen to the associates?

    11 Comments / / Feb 6, 2013 at 12:03 PM
  • Beautiful female college student doing an exam

    Biglaw, Money, Morning Docket, Murder, Partner Issues, Partner Profits, Pepper Hamilton, State Judges, Trusts and Estates

    Morning Docket: 02.06.13

    * Oh my God, Debevoise & Plimpton is dropping its entire trusts and estates practice. Was the economy the cause? What about the eight newly unemployed lawyers? And most importantly, what would Josh Lyman’s father think?! [DealBook / New York Times]

    * Major props go out to everyone at O’Melveny & Myers for hitting an all-time high in terms of both profits per partner ($2.06 million) and revenues per lawyer ($1.1 million). Here’s hoping the bonus situation reflected those incredible numbers. [Am Law Daily]

    * We probably should’ve known when Pepper Hamilton acquired the Freeh Group back in August that exciting things would happen. Say hello to Louis Freeh, the firm’s new chair. [Thomson Reuters News & Insight]

    * Are we supposed to be surprised that the Millennials who are considering applying to law school are more self-confident than those who preceded them? They’re all special little snowflakes! [National Law Journal]

    * If you’re taking the LSAT on Saturday, here are some tricks to keep yourself focused. But don’t worry, it’s only one of the most important tests you’ll ever take. [Law Admissions Lowdown / U.S. News & World Report]

    * Sorry, George Zimmerman, but even though you’re poor, your trial isn’t going to be delayed. Perhaps Judge Nelson made this announcement to serve as a poetic birthday present for Trayvon Martin. [Orlando Sentinel]

    2 Comments / / Feb 6, 2013 at 9:01 AM
  • buying in small

    Biglaw, Money, Partner Issues, Partner Profits

    Buying In: The Biglaw Report Cards

    Financial reports for Am Law 100 firms are starting to trickle in. What to make of them? Anonymous Partner opines.

    4 Comments / / Feb 5, 2013 at 10:13 AM
  • USPS-post-office

    Biglaw, Defamation, Education / Schools, Gender, Job Searches, Law Schools, Money, Morning Docket, Murder, Partner Issues, Partner Profits, Ridiculousness, SCOTUS, Sexism, Sonia Sotomayor, Supreme Court, Texas, Women's Issues

    Morning Docket: 02.04.13

    * Aside from writing powerful opinions that will last the ages, being a mentor “is the most valuable thing” this Supreme Court justice can do. Sonia Sotomayor: motivational speaker? [New York Times]

    * Aww, poor Biglaw partners. You want bigger cuts of your firm’s profits, but according to the latest Peer Monitor report, expectations like that are incredibly “unrealistic.” [WSJ Law Blog (sub. req.)]

    * This actually isn’t something women like to shop for: the $200 million class action suit over the Greenberg Traurig “boys club” is currently being held up in two federal courts by arbitration and forum shopping issues. [Am Law Daily]

    * With news that the legal industry is shedding jobs faster than the ABA can accredit more unnecessary law schools, career services officers must be hanging their heads in shame. [Thomson Reuters News & Insight]

    * Dear law schools, your crappy business model is making us take a look at all crappy higher education business models, and we don’t like what we’re seeing here. Pls hndle thx. XOXO, Moody’s. [Washington Post]

    * This is justice, Texas style: District Attorney Mike McLelland says the reward fund for tips in the brutal slaying of ADA Mark Hasse will grow to an “astronomical amount” until the killers are found. [Dallas Morning News]

    * This lawyer allegedly had a fling with his sister-in-law out of the goodness of his heart, and in return, she accused him of sexual assault. Now he’s suing her for $7 million. You can’t make this sh*t up. [New York Post]

    * In trying to get $700 in tickets dismissed, this lawyer says the U.S. Postal Service is immune from state and local traffic regulations. Other USPS immunities include not losing my mail on a regular basis. [USA Today]

    0 Comments / / Feb 4, 2013 at 9:08 AM
  • 'Jail? No thank you.'

    Biglaw, Deaths, Law School Deans, Law Schools, Lindsay Lohan, Money, Morning Docket, Partner Profits, Securities Law

    Morning Docket: 02.01.13

    * Congratulations to Cadwalader Wickersham & Taft! The firm saw its first revenue increase in three years, with profits per partner jumping up 11.6 percent, yet they didn’t top Cravath’s bonuses. Rude. [Am Law Daily]

    * Thanks to the firm’s association with Ponzi schemer Nevin Shapiro, Shook Hardy & Bacon was accused of aiding and abetting in securities law violations and is facing a multimillion-dollar suit. [Miami Herald]

    * Lawyer glut? What lawyer glut? Let’s open some new law schools, yayyyy!!! Despite the fact that applications are at their lowest in a decade, new schools are still throwing their doors open wide. [Wall Street Journal]

    * With the dean of Seattle University School of Law stepping down, Annette Clark, she of the most epic St. Louis University Law resignation letter, may get a second bite at the proverbial deanship apple. [National Law Journal]

    * “Flattery doesn’t get you anywhere in this court.” Wooing the judge won’t work, so Lindsay Lohan’s new lawyer has a tough row to hoe — he had to pick up Shawn Holley’s pieces AND deal with his client. [Fox News]

    * Ed Koch, former mayor of New York City and judge of “The People’s Court,” RIP. [New York Times]

    0 Comments / / Feb 1, 2013 at 9:05 AM
  • Musical chairs: who wins and who loses?

    Biglaw, Lateral Moves, Musical Chairs, Partner Issues, Partner Profits

    A Closer Look at Lateral Partner Hiring

    How can law firms improve their lateral partner hiring processes?

    2 Comments / / Jan 31, 2013 at 5:49 PM
  • Magic 8 Ball Outlook Good RF

    Biglaw, Money, Partner Issues, Partner Profits, Wells Fargo

    From the Department of Pleasant Surprises: Biglaw’s Solid Performance in 2012

    How did Biglaw fare in 2012? Pretty well, according to a preliminary survey from Wells Fargo’s law firm lending group.

    3 Comments / / Jan 29, 2013 at 2:39 PM
  • buying in small

    Biglaw, Billable Hours, In-House Counsel, Partner Issues, Partner Profits

    Buying In: An Interview with an In-House Insider (Part 4)

    What can Biglaw firms learn from their corporate clients about managing and developing human resources? What improvements do in-house lawyers want to see from their outside counsel?

    5 Comments / / Jan 29, 2013 at 10:30 AM
  • Casey Anthony: Paralegal?

    Biglaw, Drugs, Immigration, Law School Deans, Law Schools, Marijuana, Money, Morning Docket, Murder, Paralegals, Partner Profits, Technology

    Morning Docket: 01.29.13

    * “[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]

    8 Comments / / Jan 29, 2013 at 9:19 AM
  • Congratulations! You made it!

    Biglaw, Fabulosity, Partner Issues, Partner Profits

    New Partner Watch: Incoming Partner Classes at 10 Top Firms

    What do the incoming partner classes at ten leading law firms reveal about the state of Biglaw?

    3 Comments / / Jan 8, 2013 at 8:17 PM
  • layoffs RF

    Biglaw, Layoffs, Partner Issues, Partner Profits

    Nationwide Layoff Watch: Partners in Peril

    Associates and staff have borne the brunt of law firm layoffs over the past few years. But, according to some recent surveys, partners are far from immune….

    13 Comments / / Jan 7, 2013 at 2:06 PM