Quinn Emanuel Urquhart & Sullivan

The weather here in New York City has turned quite cold. How can one deal with the brutally frigid temperatures?

Well, if you’re a partner at Quinn Emanuel, maybe you should buy yourself a fur coat. Or fill a fireplace with hundred-dollar bills and get a nice toasty blaze going.

Given the firm’s financial performance in 2012, these options lie within the realm of possibility. CHECK YOU EMAIL for direct deposit notification.

Let’s take a look at 2012 financial reports concerning Quinn Emanuel, Bingham, and Perkins Coie. There’s some good news in each firm’s numbers….

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In case you haven’t noticed this trend by now, lots and lots of lawyers are getting out of the practice of what they perceive to be boring, in favor of pursuing new careers in more creative professions — including the wonderful world of fashion.

Thus far, we’ve seen a man go from Biglaw to big pockets (a tech-enabled apparel creator), and a woman go from Biglaw to big breasts (a lingerie designer).

Next up, we’ve got a woman who went from Biglaw to making fashion designers’ big dreams come true. She’s young, she’s beautiful, she’s hip, and with her frequent usage of the word “like” as a filler word, she’s almost sure to be a huge a hit among fashionistas worldwide….

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It’s the last day of December, so it’s a good time to look back on the year that was. We’ll do what we’ve done for the past three years (wrap-up posts from 2009, 2010, and 2011 can be found here, here, and here) and identify the ten biggest stories of the past year as decided by you, our readers. With the help of Google Analytics, we’ve compiled a list of our top ten posts for 2012, based on traffic (as represented by pageviews).

By the way, for the third year in a row, the most popular category page on Above the Law was Law Schools. People have now been intensely focused on the declining value proposition of going to law school for as long as it takes to earn a Juris Doctor degree. Isn’t it time that we graduate from the current educational model?

The second and third most-popular categories on ATL in 2012 were Biglaw and Bonuses. Although this year brought us the largest law firm failure ever, nearly all other firms indiscriminately doled out offers to summer associates, and bonus season looked better for the first time in years. While the legal profession is still in transition, things are certainly looking up, and through the highs and the lows, we’ve been there to cover it all.

So what were the ten most popular individual posts at Above the Law in 2012? Let’s find out….

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Merry Christmas, Quinn Emanuel billers.

Yesterday, we talked about the Quinn Emanuel bonuses. Many associates were angry, especially those who had billed a lot of hours in 2012. For some of those top billers, their bonuses were smaller than the same amount of work was worth last year.

Well, advocate and thou shalt receive. Quinn Emanuel just sent around a memo announcing that it will be increasing the top-end payments, to bring them in line with last year…

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Partners: Alright you associates, ready to get happy about bonuses?
Quinn Associate: I’d say we are.
Cravath Associate: Yeah, let’s sing it now!
Partners: Okay, Kirkland?
Kirkland Associate: Okay!
Partners: Okay, Cravath?
Cravath Associate: Okay!
Partners: Okay Quinn? … Quinn? … QUINN EMANUEL!!!
Quinn Associate: OKAY!!

Yes, the Chipmunk Christmas Song is the perfect holiday analogy for Biglaw bonus season this year. And not just because Biglaw associates do work that talking chipmunks could accomplish [zing]. I’m looking at associate reactions from all these firms, and it just seems like expectations are playing a much larger role than the actual dollar amounts.

You’ve got Cravath associates in the role of Theodore. Maybe they’re not as sharp as some of the others, but they’re just kind of happy to be here. Kirkland associates are playing Simon — nerdy and a bit grumpy, but they’re not going to make a big scene about it.

And then you have Quinn associates, playing Alvin, the diva. Their bonuses came out just before Christmas, and they seem really angry about this situation. Even though most of them are making more than Cravath.

I guess they were expecting a hula-hoop….

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In a recent ranking of the world’s most valuable law firms, the litigation powerhouse of Quinn Emanuel topped the chart in “value per partner” (total firm value divided by number of equity partners). For QE, the “VPP” figure came out to a whopping $17.7 million.

So you can understand why masochistic talented lawyers pursue partnership at the famously hardworking firm with such fervor. Sure, occasionally you’ll hear about a partner walking away from the riches. But for many a young lawyer, making partner at Quinn Emanuel is a dream come true.

Over the weekend, QE announced ten new partners. Who made the cut?

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The news of the K&L Gates / Middletons merger, which looks a lot like the acquisition of Middletons by K&L Gates, got us thinking about the value of law firms. It’s quite apropos given that Middletons is based in Australia, home of the world’s first publicly traded law firm.

As we mentioned in yesterday’s Morning Docket, the American Lawyer recently set out to determine the world’s most valuable law firms. How did Am Law go about doing this, and which leading law firms sit atop their rankings?

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Kristen Saban

* With Eric Holder questioning his job, and Deval Patrick dining at the White House, perhaps we’ll see our second black attorney general. Or not, because one of the Governor’s aides says he’ll continue his reign as a Masshole. [Washington Times; Buzzfeed]

* When it came to sanctions for discovery violations in the Apple v. Samsung case, this judge was all about pinching pennies. Last week, both Quinn Emanuel and MoFo got taken to task over their apparently “sloppy billing practices.” [The Recorder]

* What’s the most inappropriate thing for a federal judge to say to jurors when delivering the news that a defendant of Asian descent killed herself after testifying? “Sayonara.” Ugh. [Careerist via New York Times]

* “Law school is very unforgiving, but classes must go on.” Law schools in the New York metropolitan area are still trying to make sure their students are safe and sound — and studying, of course. [New York Law Journal]

* Another one bites the dust: Team Strauss/Anziska’s lawsuit against John Marshall Law School over its allegedly phony post-graduate employment statistics has been dismissed with prejudice. [Chicago Tribune]

* Are you ready for some litigation? Lawyers for Nick Saban’s daughter are showing the sorority girl who sued her what it’s like to get rolled by the Alabama tide in a flurry of more than 40 subpoenas. [Times Leader]

Yesterday, we wrote about Patrick Shields, the Quinn Emanuel partner who mysteriously vanished from the firm’s web site, with, as far as we could discern, nothing more than plans for an extended Irish vacation.

What the heck happened?

Well, it turns out Shields’s story is quite simple and a reflection of something most of us have felt at one time or another. Namely: burnout.

We heard from a tipster familiar with Shields’s situation, who explained to us how burnout led the star IP litigator to do the “coolest thing possible”…

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Over the past several months, Quinn Emanuel has been in the news for representing Samsung in its tense — and seemingly never-ending — intellectual property war with Apple. The firm has scored some major victories against Apple overseas, but on the home front, Samsung lost that little jury verdict some of you may remember — to the tune of $1 billion.

Through Quinn, Samsung is currently working through the appeals process. But last week, we also caught wind of another mysterious motion in the case. A QE partner suddenly requested to withdraw as counsel from the case. Judge Lucy Koh approved the motion, and within a few days the partner had disappeared from the firm website.

What’s going on here?

Please note the UPDATE at the end of this post.

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