We’ve just entered August, so you know what that means: the start of on-campus interviewing season. If you’re a law student researching firms or a lawyer involved in your firm’s recruiting efforts, check out Above the Law’s law firm directory, where law firms get letter grades in different categories. Law firms might look alike on the surface, but there are very real differences between them, as our grading system reflects.
For example, law firms diverge when it comes to diversity. While every firm gives lip service to diversity, some firms have the goods to back up their claims, while others do not.
Let’s check out the latest diversity rankings, from two different news outlets, to see which firms are truly diverse….
Working as a lawyer for the federal government can be a pretty sweet gig. The work is interesting, the hours are reasonable, and the pay is good (at least by public-sector standards).
But it appears that there are sweeter jobs — literally as well as figuratively. Earlier this month, we told you about Warren Brown, who left his position as a lawyer for the Department of Health and Human Services so he could launch CakeLove, the successful bakery chain.
Today we bring you the story of another lawyer for the federal government who is getting her just desserts. We hope you’ve eaten lunch already, because hearing about her crazily creative flavors of ice cream will make you hungry….
Believe it or not, Biglaw isn’t all about prestige, especially when looking at the legal profession through the lens of the “new normal.” These days, in a supposedly post-recession world, working at a large firm is an aspirational stepping stone on the way to a debt-free life. Associates willingly offer their wrists for Biglaw’s golden handcuffs in the hope of some day being able to escape them for happier pastures.
But for prospective Biglaw employees who have an embarrassment of riches available to them (i.e., offers from multiple firms), wouldn’t it be nice to be able to choose the firm where you’ll have the best quality of life? Or any life at all? Such a thing does exist within the hallowed halls of large law firms, and there’s even a ranking to prove it.
Hot on the heels of its prestige rankings (which still matter to the people who care so very deeply about just how impressive they are), Vault has released its annual quality of life rankings. Sure, some firms may be more prestigious than others, but that doesn’t necessarily mean they’re good places to work.
After a major shake-up in the rankings, which firms made Vault’s top ten this year?
Every year, the American Lawyer trots out its rankings at about the same time — first the highly influential Am Law 100 and Am Law 200, which are then followed up by the A-List. Think of this ranking as the legal professions’s Westminster: everyone is yipping excitedly over the possibility of being named “best in show” at this Biglaw beauty contest.
The A-List differs from the Am Law 100 and 200 rankings in that there’s only one financial metric here (revenue per lawyer). The other factors involved are pro bono work, attorney diversity, and perhaps most importantly, associate satisfaction. In years past, associate satisfaction has represented only 16 percent of a firm’s total A-List score, but taking a nosedive or making significant gains in this area can turn it into a game changer.
So, which 20 firms made the grade this year? Let’s find out…
But this has started to change over the past few years, as managing partner Thomas Reid discussed in an August 2011 interview with Am Law Daily. In the August 2010 to August 2011 period, DPW hired a half-dozen prominent lateral partners.
And the lateral hiring spree continues (although not without the occasionalsnag). Let’s hear about Davis Polk’s latest high-profile hire, a new lateral partner at Paul Hastings, and an addition to the leadership of Orrick….
* A senior litigation associate at Paul Hastings, Ryan Nier, has decided to participate in something called the Death Race, and it has nothing to do with the drive for partnership. This Death Race is 50-mile mountain endurance/obstacle race that takes somewhere between 24 and 48 straight hours to finish. Only a handful complete the race every year, and Nier is determined to be one of them. From what we’re told, Paul Hastings has been entirely supportive of Nier, which is cool because he’s using it as an opportunity to raise money for charity. But who knows how supportive they’ll be when they realize he won’t have Blackberry access on top of the mountain for 48 hours. For more information about the Death Race, check out the website. [The Death Race]
* Law student golfing across the U.S. So, I take it summer associate gigs are still scarce? [Golf.com]
* “Guess What the Air Force’s Chief of Sexual Assault Prevention Was Just Arrested For…” Hard to top that headline. [Lowering the Bar]
* Harper Lee suing over “To Kill a Mockingbird” (affiliate link), alleging that the son-in-law of her literary agent botched the copyright. *Insert cheap Atticus Finch joke here* [Washington Post]
* Dr. Phil is suing Gawker alleging that the website posted a video of the pop psychologist’s interview with Manti Te’o, stifling ratings. So Dr. Phil thinks his audience strongly overlaps with Gawker’s. I’m incredulous. [Yahoo! Sports]
* This is why an over-aggressive cease and desist letter can get you into more trouble. Enter the world of the “miniature war-gaming community.” [Popehat]
* A guide to the questions applicants need to be able to answer at OCI. The best? “Describe a situation when you had to think on your feet to extricate yourself from a difficult situation.” This provides insight into how the applicant will deal with virtually every situation that ever comes up in Biglaw. [Ms. JD]
* Yesterday, we shared Paul Caron’s plan to end the sequester by forcing government officials to experience delays due to air traffic control furloughs. Well, Congress voted to end the furloughs. We should have known that once the sequester inconvenienced a member of Congress this would end. [Reuters via Yahoo!]
* Ken Langone does not agree with Richard Farley of Paul Hastings. And tells him so. Loudly. [DealBreaker]
* If you’re looking for CLE credits in Houston, check out this event where you can win a semi-automatic 12-gauge shotgun for your trouble. And it counts for Ethics! [NRA Blog]
* “Izadi suggested she could pay her law school tuition by turning tricks.” Is a pimp really that much worse than Sallie Mae? [Las Vegas Review Journal]
* Overlawyered is now part of the CATO Institute. Enjoy working for the Koch brothers! I hear they’re really easy to work with over there. [Overlawyered]
* Getting tossed from a case for “bad behavior”? That’s the Chicago way! [Chicago Tribune]
* An interview with American Lawyer Editor-in-Chief Robin Sparkman about the newly released Am Law 100 law firm rankings, after the jump….
Continuing our annual tradition honoring March Madness, Above the Law is running a law-related bracket, advancing law firms or law schools based on the outcome of reader polls. If you’ve been around for a while, you know the drill. But remember, I’m the new guy, so I’ve made a couple changes to the format this year.
This year, it’s time to talk about law firms. Specifically, your collective editors pose this question: Which law firm has the brightest future? The economy is still fragile and people are writing books with scary titles like The Lawyer Bubble: A Profession in Crisis (affiliate link). The firms in our competition may look healthy today, but we all could have said the same thing at one time about Howrey, Brobeck, Heller, or Dewey.
What firm’s future is so bright their senior partners gotta wear shades?
* Dewey was quick about getting its Chapter 11 plan confirmed, but all of these unfinished business claims are taking a little longer to resolve than previously hoped. But hey, at least Paul Hastings settled. [Am Law Daily]
* Because sometimes profit sharing isn’t enough: Theodore Freedman, a former Kirkland & Ellis partner, pleaded guilty to tax fraud after underreporting his partnership income by more than $2M. [New York Law Journal]
* Imagine a land filled with millions of little Honey Boo Boos. That’s what the great state of Arkansas is going to look like if the legislature passes the most restrictive abortion law in the country. [WSJ Law Blog (sub. req.)]
* Not only do the Mavericks suck, but Mark Cuban’s luck in court does, too. His bid to toss an insider trading case was denied. He’d probably jump over the bench and have a fit if he could. [DealBook / New York Times]
* Dawn Clark Netsch, beloved Illinois pol and one of the nation’s first female law profs, RIP. [Chicago Tribune]
Here at Above the Law, we’ve been writing about the “Biglaw boys’ club” for quite some time. According to the latest report compiled by the National Association of Women Lawyers, when it comes to firm life in the fast lane, women continue to have difficulty ascending to the ranks of firm leadership. In fact, that study concluded that in the Am Law 200, women hold only 20 percent of the positions on firm governance committees. What’s worse is that only four percent of Am Law 200 firms have a firmwide managing partner who’s a woman. So much for girl power.
But when it comes to Am Law 100 firms, the American Lawyer recently conducted a similar study, and the results were less than awe-inspiring — in their discussion of the results, the editorial staff go so far as to refer to it as “the law of small numbers.” Lovely. Apparently the glass ceiling is still strong in Biglaw.
So what does the leadership hierarchy look like for women in the Am Law 100? Let’s find out….
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: email@example.com.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.
If you are considering a virtual law practice, you know that many of today’s solo firms started that way. But why are established, multi-attorney law firms going virtual?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Reduces malpractice risk
Enables you to gather the best attorneys to fit the firm, regardless of each person’s geographic location
Leverages mobile devices and cloud technology to enable on-the-spot client and prospect communication
Transitioning in-house is something many (if not most) firm lawyers find themselves considering at some point. For many, it’s the first step in their career that isn’t simply a function of picking the best option available based on a ranking system.
Unknown territory feels high-risk, and can have the effect of steering many of us towards the well-greased channels into large, established companies.
For those who may be open to something more entrepreneurial, there is far less information available. No recruiter is calling every week with offers and details.
In sponsorship with Betterment, ATL and David Lat will moderate a panel about life in-house and we’ll hear from GCs at Birchbox, Gawker Media, Squarespace, Bonobos, and Betterment. Drinks, snacks, networking, and a great time guaranteed. Invite your colleagues, but RSVP fast, as space is limited.