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  • stat of the week

    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….

    3 Comments / / Sep 26, 2014 at 3:07 PM
  • NYCvsLondon

    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.

    2 Comments / / Sep 16, 2014 at 4:35 PM
  • The LSAT's fate come August?

    Bankruptcy, Biglaw, Divorce Train Wrecks, Heller Ehrman, Law Schools, Money, Morning Docket, Partner Issues, Partner Profits

    Morning Docket: 06.12.14

    * In defense of its PPP metric, the editor-in-chief of the American Lawyer revealed a shocking statistic about Dentons: the firm’s PPP was likely down about 20 percent year over year. [Am Law Daily]

    * A judge dismissed many of defunct firm Heller Erhman’s remaining unfinished business claims in the case against its former partners. Dewey know some partners who are thrilled? [WSJ Law Blog]

    * From 2012 to 2013, NLJ 350 firms saw the rise of “other” attorneys — staff attorneys, of counsel, and lawyers who were neither associates nor partners. We’re living in lean times. [National Law Journal]

    * “No one predicted there would be this kind of huge drop in applications.” Apparently law school deans thought prospective students would be thrilled about their lack of job prospects. [Hartford Business Journal]

    * Shelly Sterling has asked a judge to rule that she can sell the Los Angeles Clippers over her husband Donald Sterling’s protests. We’re very eagerly awaiting their impending divorce train wreck. [Bloomberg]

    3 Comments / / Jun 12, 2014 at 9:22 AM
  • survival cash

    Biglaw, Partner Issues, Partner Profits, Rankings

    The 2014 Am Law 200: Survival Of The Fittest

    While some firms came out on top, others were merely surviving. How did the Am Law 200 stack up?

    3 Comments / / May 29, 2014 at 12:10 PM
  • mekka-don

    Bankruptcy, Biglaw, Crime, Job Searches, Kasowitz Benson, Law Professors, Law Schools, Morning Docket, Partner Issues, Partner Profits, Rap, Wall Street

    Morning Docket: 03.27.14

    * The federal judiciary is hiring for staff and public defender positions lost during the government’s sequestration throughout the better part of last year. Ready, aim, fire those résumés! [Legal Times]

    * New York Biglaw firms always manage to find their way to the top of the Am Law 100 rankings. When all’s said and done, being so close to Wall Street definitely has its perks. [Bloomberg Businessweek]

    * Absolutely no one should be alarmed about the fact that Kasowitz Benson’s profits per partner have dropped by 15 percent — well, no one but the equity partners, that is. Have fun with that. [Am Law Daily]

    * The managing partner of Jacoby & Meyers is worried people will think his personal injury firm is going under, not Jacoby & Meyers Bankruptcy. Either way, those commercials won’t die. [New York Law Journal]

    * A professor at George Mason University Law was pepper sprayed IN THE FAAAAAACE by an unknown assailant in his classroom yesterday afternoon. We’ll obvious have more on this story later. [ARLNow]

    * La Verne is the first law school to offer flat-rate tuition. There will be no scholarships and no discounts. Students will pay $25K/year, nothing more, nothing less. This is, dare we say, wise. [National Law Journal]

    * “Passion over pension.” Mekka Don, the Weil Gotshal corporate lit attorney turned rapper, just released his first CD, and it’s all about leaving Biglaw to follow his dreams. Go buy it here (affiliate link). [MTV]

    5 Comments / / Mar 27, 2014 at 9:03 AM
  • Wendy Davis

    American Bar Association / ABA, Bar Exams, Biglaw, Law Professors, Law Schools, Layoffs, Midsize Firms / Regional Firms, Money, Morning Docket, Music, Partner Profits, Texas, You Go Girl

    Morning Docket: 02.07.14

    * According to the latest Citi report, the Am Law 50 outperformed the rest of their ilk in terms of net profits and profits per equity partner. As for the rest, ha ha ha, enjoy all of your “modest” returns. [Am Law Daily]

    * The ABA’s Standards Review Committee is close to a decision on its bar-exam passage standard for accreditation. It’s tough to protect students and law schools at the same time. [National Law Journal]

    * Oh my! Professors at Albany Law are incredibly pissed the school would dare imply they suggested lowering academic standards to put asses in seats and stave off faculty layoffs. [New York Law Journal]

    * Wendy Davis has left her position at Cantey Hanger, one of Fort Worth’s largest law firms, to dedicate herself fully to her bid to become Texas’ Next Top Governor. You stand, girl! [Fort Worth Star-Telegram]

    * Yuna, a Malaysian pop star with a law degree who’s worked with artists like Pharrell, doesn’t think she’ll be able to fall back on her J.D. now that she’s in America. Funny, because many Americans feel exactly the same way. [Pittsburgh City Paper]

    8 Comments / / Feb 7, 2014 at 9:12 AM
  • $$ roll

    Biglaw, Bonuses, Books, Partner Profits

    2013 Biglaw Bonuses: An ATL Infographic

    2013 Biglaw Bonuses: An ATL Infographic comparing first-year bonuses and law firm profits per partner.

    6 Comments / / Jan 9, 2014 at 5:54 PM
  • stack of money

    Abortion, Antonin Scalia, Biglaw, Fashion, Federal Government, Gay, Law Schools, Morning Docket, Partner Issues, Partner Profits, Politics, SCOTUS, Supreme Court, Texas

    Morning Docket: 11.05.13

    * The Supreme Court might have dismissed the Oklahoma abortion case as improvidently granted, but not to worry, because the high court may yet get the chance to abort a woman’s right to choose in this new case from Texas. [New York Times]

    * Wherein Justice Scalia seems highly concerned about toupees: yesterday, Supreme Court justices put their fashion sense to the test when trying to determine what ought to count as clothing under the Fair Labor Standards Act. [WSJ Law Blog (sub. req.)]

    * The Senate is forging ahead with the Employment Non-Discrimination Act, but the bill will likely fail in the House because discrimination on the basis of sexual orientation is still cool with John Boehner. [CBS News]

    * Wherefore art thou, ladness? According to the latest PricewaterhouseCoopers survey, profits per partner at top firms in the U.K. are behind profits per partner in the U.S. America, f**k yeah! [Businessweek]

    * Bill de Blasio, the Democratic candidate in the NYC mayoral race, apparently has “deep ties” to Gibson Dunn, the firm behind Citizens United. Gather round, conspiracy theorists. [International Business Times]

    * An InfiLaw school is changing its name to Arizona Summit Law. How kind to tip law students off to the fact that even if they climb all the way to the top, there’s nowhere to go but down. [National Law Journal]

    3 Comments / / Nov 5, 2013 at 9:09 AM
  • dislike button

    Attorney Misconduct, Bankruptcy, Biglaw, Constitutional Law, Facebook, Federal Judges, Guns / Firearms, Insider Trading, Morning Docket, Partner Issues, Partner Profits, SCOTUS, Supreme Court

    Morning Docket: 03.22.13

    * If you’re looking for an easy résumé line, then consider joining the Supreme Court bar, an elite organization that doesn’t check to see if its members are still alive. All you need is three years of practice, two signatures, and $200. [Associated Press]

    * Stanley Chesley, the master of disaster himself, was disbarred for his “shocking and reprehensible” conduct in a fen-phen case. His wife, U.S. District Court Judge Susan Dlott of the Southern District of Ohio, must be oh so pleased. [Courier-Journal]

    * Howrey like dem apples now? Some of Howrey’s former partners, including ex-chairman Robert Ryuak, all lined up to make deals to delay lawsuits from firm’s bankruptcy trustee, Allan Diamond. [WSJ Law Blog (sub. req.)]

    * This Biglaw firm’s future was just a little bit dimmer in 2012, with a 4.9 percent dip in profits per equity partner. This is unexpected from Milbank, a number 3 seed in our March Madness competition. [Am Law Daily]

    * The NRA’s New York affiliate filed suit challenging the state’s new gun laws, claiming that ban on assault weapons violates the Second Amendment — because this is clearly what the founders intended. [Reuters]

    * Raj Rajaratnam’s younger brother, Rengan Rajaratnam, was indicted yesterday in a federal insider-trading scheme tied to the Galleon case. You can’t fault the guy, he was just trying to keep it in the family. [Bloomberg]

    * Sorry, Dean Boland, but you’re not going anywhere. A judge denied the attorney’s request to withdraw from Paul Ceglia’s Facebook case. He must be wishing there were a dislike button now. [Law 360 (sub. req.)]

    8 Comments / / Mar 22, 2013 at 9:08 AM
  • Law firm profits thanks to DPW bonus matches?

    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
  • 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
  • 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
  • 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
  • 'Should I stay or should I go now?'

    Biglaw, Eric Holder, Facebook, Health Care / Medicine, Insurance, Midsize Firms / Regional Firms, Money, Morning Docket, Partner Issues, Partner Profits

    Morning Docket: 11.09.12

    * Since Obamacare’s here to stay, states are scurrying to meet the health care law’s deadlines. Better hurry up, they’ve only got a week left to make a decision on insurance exchanges. [New York Times]

    * “It’s been an interesting and tough four years. I just really don’t know. I don’t know at this point.” Two days after the election, it looks like Barack Obama may have to replace Eric Holder after all. [Blog of Legal Times]

    * Managing partners at midsize firms are feeling good about about business in the coming fiscal year, and they’re even projecting higher profits per partner. And unicorns, too! [National Law Journal (reg. req.)]

    * Where did a portion of the money behind Harvard Law professor and Senator-elect Elizabeth Warren’s Massachusetts race come from? Biglaw firms like Nixon Peabody and Mintz Levin. [Corporate Counsel]

    * Apparently a convicted abortion doctor killer is trying to intervene in Paul Ceglia’s ownership case against Facebook via kooky letter. Sorry pal, but there can be only one Jonathan Lee Riches. [Wall Street Journal]

    2 Comments / / Nov 9, 2012 at 9:06 AM
  • Baby with Rainbow Flag

    Biglaw, Crime, Department of Justice, Election 2012, Election Law, Gay Marriage, Law School Deans, Morning Docket, Partner Issues, Partner Profits, SCOTUS, Supreme Court, Violence

    Morning Docket: 09.25.12

    * Will the members of the Supreme Court announce which gay marriage issues they’ll be hearing this term any time soon? With Proppsition 8 appeal and several DOMA appeals on hand, there’s certainly a lot for them to choose from. [CNN]

    * It’s beginning to look a lot like Biglaw, everywhere you go: lawyers are miserable, clients are unhappy, and apparently profits per partner are all to blame. Gee, thanks for those rankings, Am Law, they were really helpful. [DealBook / New York Times]

    * Instead of arguing over font size, the Department of Justice argued law yesterday during closing arguments in its attempts to convince a three-judge panel to strike down South Carolina’s voter ID statute. [National Law Journal]

    * Unlike Elizabeth Warren, he’s no “Fauxcahontas”: Kevin Washburn, the dean of the University of New Mexico Law School, has been confirmed by the Senate to oversee the Bureau of Indian Affairs. [Washington Post]

    * If you’re going to allegedly slash someone’s face in an attempt to defend your honor, at least do it with class like this Columbia Law grad, and use a broken champagne flute as your weapon of choice. [New York Post]

    5 Comments / / Sep 25, 2012 at 9:08 AM
  • Biglaw, Celebrities, Crowell & Moring, Divorce Train Wrecks, Gay, Gay Marriage, Law Firm Names, Morning Docket, Murder, Partner Profits

    Morning Docket: 02.09.12

    * At least two firms probably won’t be handing out spring bonuses like candy this year. While gross revenue remained steady at Dickstein Shapiro and Crowell & Moring, PPP dropped at both firms. [Legal Times] * Not-so breaking news: the Thirteenth Amendment applies only to humans. It seems like the only people who didn’t already […]

    13 Comments / / Feb 9, 2012 at 9:03 AM
  • Associate Salaries, Biglaw, Bonuses, Money, Partner Issues, Partner Profits

    New York to $190K? Actually, It’s About Time.

    There’s an interesting post up on Constitutional Daily by The Philadelphia Lawyer. It’s a repack from a 2007 article arguing that salaries for first-year associates should go up to $190,000 a year. And he’s right. Yet the associate salary scale hasn’t seen a raise for almost five years. And bonuses are down compared to 2007. Is it time for firms to start sharing the wealth?

    192 Comments / / Nov 3, 2011 at 11:24 AM

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