Pleasant surprises

It’s hard to get a good read on the direction of the economy these days. And the same could be said about the direction of Biglaw.

It seems that every week brings a new survey, report, or set of predictions. And they often point in different directions. Sometimes they are pessimistic, claiming that layoffs (including partner layoffs) are just around the corner. Sometimes they are positive, noting that despite the challenging economy, legal spending is up. And sometimes they fall somewhere in between.

Today brings news about past performance — which, while not a guarantee of future performance, can sometimes offer hints. It’s about how large law firms fared in the year just ended. And it’s good news….

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In a follow-up to Kash’s post on Monday regarding the newly formed Big Law Society, I volunteered to check out their first happy hour Tuesday night at the BlackFinn American Saloon in D.C. At first I thought it would be amusing to see the type of people who would attend such a gathering. But by 8 p.m. on Tuesday, I was tired and doubted whether I should go at all.

Moreover, I had reason to be suspicious, considering what the group posted about itself on its About page:

Big Law Society organizes social networking events for a very select group of legal professionals, with the aim of creating a community of talented, dynamic individuals. Memberships and invites to the Big Law Society events are limited to individuals with a unique professional background; however, qualified members are welcome to bring guests.

Seriously, I almost felt like I was crashing a middle school party for the “popular” kids, except with less interesting people…. 

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