Simpson Thacher
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Fabulosity, Lawyerly Lairs, Money, Partner Issues, Real Estate
Lawyerly Lairs: A Partner Sells in Brooklyn
A partner at a major law firm has put his Brooklyn Heights townhouse on the market for $10 million. Who is he? And, more importantly, what does his house look like? -
Adoption, Biglaw, Books, California, Cars, Facebook, Fashion, Fenwick & West, Law Schools, Morning Docket, United Kingdom / Great Britain
Morning Docket: 02.02.12
* How many friend requests did these firms just get? Fenwick & West and Simpson Thacher are the Biglaw stars of Facebook’s S-1 filing for its $5B initial public offering. Like. [Am Law Daily] * The prosecution is expected to make its arguments today in Julian Assange’s appeal of his extradition from the U.K. to […]
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The Business Case For AI At Your Law Firm
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Advertising, Career Center, Lateral Moves, Shameless Plugs, Texas, This Is an Ad
Career Center: State of the Market - Texas (Part 1)
The next few State of the Market posts by Lateral Link, as compiled by Director Gary Cohen, will focus on one of the country’s largest states — Texas. In general, lateral hiring activity in Texas has increased substantially in the past 12 months, with even greater momentum as we head into 2012. Corporate/securities and IP […]
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Copyright, Defamation, Education / Schools, Exercise, Free Speech, Mergers and Acquisitions, Morning Docket, Sex, Sex Scandals, Texas
Morning Docket: 12.12.11
* Protip for Mark Hansen, AT&T’s lawyer: when you want a judge to save your merger plans, it’s probably not a good idea to demand that she make a ruling by a certain date. [Businessweek] * What’s going on in Cooley Law’s defamation suit against Rockstar05 (other than discussion of whether the school’s attorney understands […]
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Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Simpson Thacher and Cleary Matching S&C
The floodgates are open and we are awash in bonus news. Sources are reporting that Simpson Thacher and Cleary Gottlieb are both matching the Sullivan & Cromwell bonus scale. That means a little extra money for those at the very top of the scale. But does it mean spring bonuses? -
Biglaw, Gender, Law Schools, Partner Issues, Partner Profits, Women's Issues
New Partner Watch: Cravath and Simpson
Being a partner at a top law firm is still highly desirable. This is especially true of partners at firms near the top of the Biglaw hierarchy -- places like Cravath, Swaine & Moore and Simpson Thacher & Bartlett, with profits per partner in 2010 of $3.17 million and $2.64 million, respectively. They both announced new partnership classes this month. Let's learn about the new partners at CSM and STB. Maybe you know some of them -- from college, or law school, or a case or matter you've worked on.... -
Advertising, Akin Gump, Biglaw, Career Center, Kasowitz Benson, Partner Issues, Reader Polls, Shameless Plugs, This Is an Ad
Career Center Survey Results: Top Partners to Work For – New York (Part 2)
Earlier this week, we introduced the first group of top New York partners whom our readers nominated as being great to work for. Today we present you with another eight partners from the Big Apple. They hail from some of the heaviest hitters among Biglaw firms: Paul Weiss; Simpson Thacher; Kasowitz Benson; Cleary Gottlieb; Debevoise […] -
Biglaw, Cold Offers, Job Searches, NALP, National Association for Law Placement (NALP), No Offers, Summer Associates
Summer Associate Offer Rates: Another Update(Now we'd like to hear about the no-offering....)
Welcome to our latest round-up of summer associate offer rate news. This post contains the latest list of law firms and offices with 100 percent offer rates. Time to pop the bubbly.... - Sponsored
Generative AI In Legal Work — What’s Fact And What’s Fiction?
Zach Warren from the Thomson Reuters Institute discusses the potential and the pitfalls. -
Biglaw, Rankings, Vault rankings, Williams & Connolly
The 2012 Vault Rankings: Proof Of Short Memories
On February 27, 2009, Latham & Watkins laid off 440 associates and staff. These official layoffs came after months of quietly and stealthily laying off employees. That year, Latham fell from #7 to #17 on the Vault 100 list of the most prestigious law firms. It was one of the biggest single year drops ever […] -
Biglaw, Gay, Gay Marriage, Health Care / Medicine, Money, Perks / Fringe Benefits, Tax Law
Biglaw Perk Watch: The Gay Gross-Up Goes Top Tier
The case for same-sex marriage should rest less upon dollars and cents and more upon fundamental principles of fairness (as recently argued by Professor Jaye Cee Whitehead in a New York Times op-ed piece). But it’s certainly the case that money matters should not be overlooked when it comes to marriage equality. We’ve previously discussed […] -
Alex Kozinski, New York Times, Weddings
Legal Eagle Wedding Watch: Contain Yourselves
LEWW is still coming off our royal wedding high. We’re not going to lie, people: As much as we love the legal wedding scene, we’ve never gotten out of bed at 5:30 to read about SCOTUS clerks tying the knot. But Will and Kate have flown off to happily ever after in their helicopter, so […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money, Musical Chairs, Partner Issues, Texas
Associate Bonus Watch: Vinson & Elkins Gives Me A Headache Takes Spring Bonuses to Texas
The law firm of Vinson & Elkins, one of Texas’s top shops, once represented Enron. I was reminded of this fact in trying to write up V&E’s bonus news (year-end bonuses and spring bonuses, which the firm just announced). Lawyers at Vinson & Elkins seem to thrive on complexity — in the service of hiding […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Simpson Raises to Cravath Spring Bonus Scale
In a postcript to our detailed post speculating about the future direction of the spring bonus phenomenon, we noted “an isolated report of one firm on the S&C spring bonus scale going back and raising to the Cravath scale,” but said we required additional corroboration. We now have the requisite confirmation. On Tuesday, Simpson Thacher […]
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Generative AI In Legal Work — What’s Fact And What’s Fiction?
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Associate Bonus Watch 2010, Biglaw, Bonuses, Fabulosity, Money
Associate Bonus Watch: Cravath Enters the Bonus Wars -- and Beats S&C!
The venerable firm of Cravath, Swaine & Moore — still widely regarded as setting the market for associate compensation at large law firms, even if other places pay more — has announced springtime bonuses. These bonuses are on top of the recent year-end bonuses that Cravath paid in December 2010. And get this: the CSM […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Cleary Gottlieb Matches S&C Spring Bonuses!
Springtime for Hitler? No, silly — Springtime for Associate Bonuses! And just like the (in)famous “show within a show” from The Producers, this production is a huge hit. This afternoon, Cleary Gottlieb announced spring bonuses on the Sullivan & Cromwell scale. They’re payable on April 29, just like those of Simpson Thacher. What else is […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Simpson Thacher Matches S&C Spring Bonuses!
Wow, it’s starting to feel like 2008 (pre-Lehman) up in here! Earlier today, the Dow Jones broke the 12,000 mark. And now law firms — law firms that could treat their associates like dirt and still have have no problems with retention, according to some people — are once again competing with each other in […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Simpson Thacher Matches Cravath
And another one bites the dust. Simpson Thacher just announced associate bonuses, and they’re using the Cravath scale. Here is one source’s concise communication: “Simpson Thacher bonus memo just released — matching Cravath. A**holes.” Says a second: “I feel like I got punched in the gut.” From a third: “People here are livid. Can’t believe […] -
Biglaw, Partner Issues, Partner Profits, Williams & Connolly
A Look at New Partner Classes at Ten Top Firms (and an Open Thread)
‘Tis the season — for new partner elections at large law firms. Although there are some exceptions, most firms pick and announce their new partner classes around November and December, with partnership effective on January 1 of the following year. These partnership announcements sometimes contain interesting information, if you read between the lines. As we’ve […] -
Billable Hours, Money, Partner Issues, Partner Profits
Simpson Thacher Threatens to Withhold Salary For Delinquent Time Keepers
If you talk to law firm partners who are in charge of collecting fees, they’ll tell you that getting clients to pay has become a real hassle ever since the recession started. Clients are trying to make their books look as palatable as possible, and if that means avoiding or delaying payments to their lawyers, […] -
Alston & Bird, Biglaw, In-House Counsel, Intellectual Property
Who Represents Corporate America?
Now this is a list that matters. Corporate Counsel (an American Lawyer publication) has complied its annual list of the firms that Fortune 100 companies use as outside counsel. This is a list of which firms are getting work from clients with deep pockets. If you care at all about the business end of the […]