PPP
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Morning Docket
Morning Docket: 03.29.22
* Two Wills passing in the night: The 2022 version of Raffles v. Wichelhaus just dropped. [Fox Baltimore]
* No one is safe from this “soul grabbing” police officer — not even his colleagues. [Daily Mail]
* You down with PPP? Every last homie, apparently. [NBC News]
* The Justice formerly known for not speaking is still in the hot seat. I know there’s no Supreme Court binding code of ethics that would mandate recusal, but come on now… [FFRF]
* What’s a little crime between patriots? Judge thinks Trump probably committed a crime, with what the whole not respecting the democratic election process and all. [NPR]
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Morning Docket
Morning Docket: 05.25.21
* An ethics opinion is permitting a lawyer to practice New Jersey law remotely from his home in Florida. This is a boon to “snow birds” everywhere… [Daily Business Review]
* Van Jones claims Kim Kardashian is “going to be an unbelievable attorney.” [Yahoo News]
* A former drug dealer has been sworn in as an attorney by the same judge who told him to turn his life around. [Fox News]
* Check out this article on participation of chambers of commerce in lower court proceedings. [Juris Lab]
* A Pittsburgh strip club has filed a lawsuit alleging they should be allowed to receive COVID-19 relief money. Seems like they should be entitled to some stimulus… [CBS News]
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Small Law Firms
Manage Client Expectations, Even If It Makes You A Buzzkill
Manage client expectations from the beginning to minimize the chances of frantic (and possibly angry) calls later.
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Morning Docket
Morning Docket: 02.18.21
* A lawsuit has been filed over the name for Corona Hard Seltzer. Maybe they can resolve the despite by kicking back a few… [Chicago Tribune]
* A California woman is accused of impersonating two lawyers and committing PPP loan fraud. Going to refrain from making a My Cousin Vinny reference here… [SF Gate]
* A former Disney employee is accusing the company of bad accounting in a new lawsuit. Maybe they just lost track of their Star Wars money. [Orlando Sentinel]
* The defense teams of three individuals charged in the killing of George Floyd are asking for charges to be dismissed against their clients. [Star Tribune]
* Check out this article on the rate at which federal courts of appeal grant oral argument. The data should be “appealing” to many litigators. [Juris Lab]
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Morning Docket
Morning Docket: 12.24.20
* Netflix has defeated libel claims related to The Laundromat, a film about the “Panama Papers.” Maybe the judge was moved by Meryl Streep’s performance… [Hollywood Reporter]
* A lawsuit has been filed over alleged abuse of migrant women in detention centers run by ICE. [NBC News]
* A typo in a Georgia election lawsuit says the lawyer verified the allegations under “plenty of perjury” instead of “penalty of perjury.” [ABA Journal]
* Judges of the Southern District of New York exercised a rarely used power to keep the acting U.S. Attorney in Manhattan on the job until Joe Biden is inaugurated. [New York Times]
* A report alleges that some law firms took Payroll Protection Program money and banked the cash rather than used it on payroll. Don’t think anyone should be surprised… [ABA Journal]
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Finance
Your Professional Relationships Could Determine Whether You Will Get A Paycheck Protection Program Loan
If this sounds unfair, you are not wrong. -
Government
Paycheck Protection Program: How To Navigate This Puzzle Of Pandemic Proportions
Sounds simple enough, but the program has created some confusion and has also run into logistical problems. -
Biglaw
Partners At This Biglaw Firm Don't Get The Mega Payday You Might Expect
This firm's PPP is far from impressive. - Sponsored
How AI Is The Catalyst For Reshaping Every Aspect Of Legal Work
Findings from the "Future of Professionals Report," based on a survey of 1,200 professionals from North and South America and the UK. -
Biglaw
Yes, You Can Increase The Number Of Equity Partners And Profits Per Partner At The Same Time
Mo' equity partners, mo' revenue. -
Biglaw
The Size Of Biglaw Partnership Classes Is Shrinking
Bad news if you're trying to go for that brass ring. -
Biglaw, Partner Issues, Rankings
The 2017 Am Law 200: Keep Calm And Carry On
Reports of Biglaw's death are greatly exaggerated. -
Biglaw, Partner Profits
Stats Of The Week: NYC Rules Am Law Rankings
Further evidence that elite Wall Street firms are operating by different economic rules than the rest of the legal industry. -
Morning Docket
Morning Docket: 02.17.17
* The Gorsuch hearings are set for March 20th. Now what should senators ask him? [National Law Journal]
* Seriously, what should senators ask him? [SCOTUSBlog]
* The CFPB is getting battered and bruised, but the D.C. Circuit may give it a fighting chance. [Law.com]
* Pepper Hamilton had a high profile year working the Baylor matter, but PPP is down 28 percent. They lose any more and they’ll have to change their name to Peper Hamilton. [Legal Intelligencer]
* Alston & Bird, meanwhile, saw a revenue boost. [Daily Report]
* Judge finds probable cause in criminal complaint against Chris Christie. Don’t worry, New Jersey prosecutors are too scared of traffic problems in their towns to do anything about it. [Law360]
* Florida has been busy. First the Docs v. Glocks ruling and now an abortion ruling. [Orlando Sentinel]
* My God. They can’t even pass background checks. [Politico]
* The top 10 law novels of the last 10 years. I wonder if She-Hulk made the list? (Spoiler: she does.) [ABA Journal]
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Biglaw, Partner Issues
Top Firms Get Richer In Otherwise Poor Year For The Legal Industry
Citi releases its annual survey results, and your industry outlook depends on what kind of firm you are. -
Associate Salaries, Biglaw, Money
Putting PPP In Historical Perspective
What were partners pulling down back in the day? -
Biglaw, Rankings
The 2016 Am Law 200: Revenue Swirling Down The Drain
While some firms came out on top, others were merely surviving. How did the Am Law 200 stack up? -
Morning Docket
Morning Docket: 03.18.16
* “In 2 to 4 years, a University administration will shut down a top law school and we may never see it coming.” Uh-oh! Is a top law school really going to close? This law professor seems to think so, and she’s pointing the finger at Minnesota Law, which has been experiencing a slew of financial troubles due to its enrollment issues. [Forbes]
* “The employment numbers were very high in a huge economic downturn and it just felt suspicious. I decided to stand up for myself and others.” Anna Alaburda, who sued Thomas Jefferson School of Law over its allegedly deceptive job statistics, took the stand this week, where she spoke about her failed legal career. [Courthouse News Service]
* “The record number of deals in 2015 is a reflection of the intense competition among law firms for new work, and we expect the market to remain hot in 2016.” Oh boy! If you think 2015 set a merger record, you ain’t seen nothing yet. We should apparently be expecting even more law firm merger mania this year. [Chicago Daily Law Bulletin]
* Why on earth would a partner leave a firm like Munger Tolles, with profits per partner of $1.9 million, to go to a firm like Dentons, with profits per partner of $680,000, a considerably lesser amount? What’s in that Biglaw behemoth’s special sauce that’s so amazing? It’s the “irresistible” opportunities. [Big Law Business / Bloomberg BNA]
* As many of our readers have had the displeasure of experiencing firsthand, law school tuition can be absurdly expensive. If you’re wondering which school took home the prize of being the most expensive for the 2015-2016 school year, it’s Columbia Law, with a shocking sticker price of $62,700. Ouch, that’s painful. [U.S. News & World Report]
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Biglaw, Billable Hours, Money, Rankings, Venable
Stat Of The Week: The Biglaw Billables Champion
Which Biglaw firm boasts a lawyer who billed 71 hours a week last year? -
Biglaw, Law Firm Mergers, Partner Issues, Partner Profits
Stat Of The Week: The Bingham / Morgan Lewis Merger
Something the two firms don't have in common? The direction they've been heading in.... -
Biglaw, Magic Circle, Partner Issues, Partner Profits, United Kingdom / Great Britain
The Magic Circle vs. New York's Elite
A comparison of the recent financial performance of the top U.K. and New York law firms.