Retirement Benefits
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Money, Small Law Firms, Solo Practitioners, Student Loans
The Financial Trifecta: How To Deal With Student Loans, Retirement Savings, And A Mortgage
Everyone's priorities and circumstances are different, but here are some general pointers. -
Biglaw, Money, Old People, Partner Issues
Which Biglaw Firms Have The Biggest And Best 401(k) Plans?
One firm -- guess which one -- has a plan with an average account balance of $2.1 million. - Sponsored
Document Automation For Law Firms: The Definitive Guide
Legal document automation is no longer only for the exclusive few. -
Morning Docket
Morning Docket: 12.02.16
* “You’d think the least attractive school would charge the lowest price. What they’re doing is admitting students with relatively low LSAT scores, and charging them a high price for gambling on them.” According to this higher-ed market analyst, 10 to 15 law schools may close if student enrollment continues to shrink and tuition continues to rise. [ABA Journal]
* Attorneys working at the nation’s highest-grossing Biglaw firms are not only making money hand over fist right now, but they’re going to be quite well off come retirement time, too. The top 10 largest 401(k) plans in Biglaw each have more than $700 million in assets. Which firm came out on top? We may have more on this later. [Big Law Business]
* President-elect Trump’s campaign has filed an objection to Jill Stein’s “lawless, insulting request” for a recount in Michigan, commenting on her “tiny vote total” and noting “voters should not risk having the Electoral College door knocked off its hinges all because a 1% candidate is dissatisfied with the election’s outcome.” [USA Today]
* Just because women make up nearly half of all law school classes, it doesn’t mean they have the same job opportunities as their male classmates — and that’s likely because women are “clustered” at lower-ranked schools, meaning they “start at a disadvantage” when it comes to lifetime professional employment. [DealBook / New York Times]
* Come fall 2017, Seton Hall Law will be one of the only schools in the country and the only school in the New York metropolitan area to offer a part-time weekend program for working professionals. The degree is meant to be completed in four years. How much could eight weekends of class cost per semester? About $39,000… [Daily Record]
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Biglaw, Old People, Partner Issues
Are You -- And Your Law Firm -- Ready For Retirement?
Don't postpone these tough but necessary conversations. -
Biglaw, Money
Cleary Gottlieb Matches Cravath Scale... Or Maybe Beats It?
Is this better than a raise? -
Arnold & Porter, Biglaw, Layoffs, Secretaries / Administrative Assistants, Staff Layoffs
Voluntary Buyouts Offered By Yet Another Top-Tier Law Firm
This firm isn't conducting layoffs just yet. Instead, it's offering generous buyout packages. -
Biglaw, Layoffs, Secretaries / Administrative Assistants, Staff Layoffs
Voluntary Buyout Watch: Stepping On Toes To Prune Personnel
Which firm are we talking about, and how many heads are expected to roll with its planned cuts? -
Minority Issues, Money, Politics
Lawyer Seeks Handouts To Help Him Retire. There's Just One Teensy Thing From His Past You Might Want To Know.
This lawyer has idyllic retirement dreams he wants you to fund. You probably don't want to help out.... - Sponsored
Profit Powerhouse: Elevating Law Firm Financial Performance
In this CLE-eligible webinar on April 10th, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
Biglaw, Clerkships, Dewey & LeBoeuf, Federal Judges, Gay, Gay Marriage, Law Firm Mergers, Morning Docket
Morning Docket: 11.18.13
* The rocky relationship between McKenna Long & Aldridge and Dentons is being doubted by everyone, and it looks like Dentons may be on the verge of receiving the “it’s not you, it’s me” speech. [Daily Report]
* Stephen DiCarmine, Dewey & LeBoeuf’s former executive director and resident fashionista, just hired a criminal defense attorney. We trust this man — jailhouse stripes must be so hot right now! [Am Law Daily]
* Skadden cares about its people. The firm is trying to prevent a man who allegedly killed one of its legal secretaries, got high, and then ate six waffles from collecting funds from her 401(k). [New York Daily News]
* Just imagine if this article were written in true BuzzFeed listicle style. It’d probably be called something like “3,742 Words on Why Mary Bonauto Is the Most Awesome Marriage Equality Lawyer Ever.” [BuzzFeed]
* “I think it’s fair to say the hiring plan is kaput.” As we previously reported, the Law Clerk Hiring Plan is dead, and the heat is on to figure out a way to lure federal judges back to OSCAR. [National Law Journal]
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Biglaw, Layoffs, Secretaries / Administrative Assistants, Staff Layoffs
Voluntary Buyout Watch: The Bloom Is Off The Rose At This Firm
Yet another large law firm is trying to trim its ranks. Which one is it this time? -
Biglaw, Layoffs, Secretaries / Administrative Assistants, Staff Layoffs
Voluntary Buyout Watch: Because Computers Are Better Employees Than You
Yet another large law firm is trying to trim its ranks. Which one this time? -
Bonuses, General Counsel, In-House Counsel, Litigators, Money, Tax Law
House Rules: Spring Breakers
Additional thoughts on in-house counsel compensation, from columnist David Mowry. -
Biglaw, Bonuses, General Counsel, In-House Counsel, Money
In Defense of In-House Counsel Compensation
Lawyers often think that leaving a law firm to go in-house involves a pay cut. Think again....
Sponsored
Profit Powerhouse: Elevating Law Firm Financial Performance
Are Small Firms Going Big On Legal Tech?
How AI Is The Catalyst For Reshaping Every Aspect Of Legal Work
Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
Document Automation For Law Firms: The Definitive Guide
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Biglaw, ERISA, Gender, Intellectual Property, Labor / Employment, Litigators, Litigatrix, Old People, Partner Issues, Partner Profits, Patents, Women's Issues
Does Ropes & Gray Hate the Old and Gray?
Wouldn't you love such generous retirement benefits? -
Biglaw, Perks / Fringe Benefits, Rankings
Biglaw Perk Watch: Law Firm 401k Rankings
Is your firm's 401k plan among the best in the industry? No? Take to the barricades, my comrades! -
Bankruptcy, Biglaw, Bonuses, Dewey & LeBoeuf, Money, Partner Issues
Dewey Honor Associate Bonuses or Retired Partners' Claims? Not So Much.
As the Dewey bankruptcy case grinds toward an end, former associates find themselves getting shafted on bonuses. -
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, ERISA, Money, Partner Issues, Vicious Infighting
What Dewey Do With Thousands of Boxes of Client Files?(And bad news for D&L 401(k) participants.)
The latest Dewey developments: partner reactions to the proposed settlement plan, how to handle or dispose of thousands of boxes of client files, and pension problems for ex-employees. -
Books, Fabulosity, Lawyerly Lairs, Money, Old People, Partner Issues, Partner Profits, Real Estate
Lawyerly Lairs: Retired Skadden Partner 'Downsizes' to $3 Million Penthouse
A retired Skadden partner "downsized" to a $3 million penthouse. It's a tough life, but somebody's got to live it. -
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Headhunters / Recruiters, Lateral Moves, Money, Musical Chairs, Partner Issues
Dewey Plan To Give Retired Partners a Seat at the Bankruptcy Table?
What's the latest news in the Dewey & LeBoeuf bankruptcy? -
Arnold & Porter, Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, ERISA, Lateral Moves, Musical Chairs, Partner Issues
L'Affaire LeBoeuf: The Latest Links and News
Dewey & LeBoeuf is preparing itself for the afterlife: it's shedding overseas offices, sending partners packing, and finding new takers for its real estate (and its pension obligations).