Summer Associates

As a new summer associate, you must have heard many a horror story about your predecessors, including tales of fashion disasters. For example, do you remember the boozy Milbank SA who supposedly showed up to events wearing an Olympic jumpsuit? How about the girl who wanted to march around her firm with a $9,000 Birkin bag? As this year’s summers descend upon Biglaw firms across the country, we thought that we might be able to offer you some assistance to prevent you from committing comparable crimes of fashion.

To accomplish this feat, we’ve teamed up with none other than Anna Akbari, the “thinking person’s stylist,” to help you make it through the summer. You don’t want to wind up as a bullet point on Weil Gotshal’s “unacceptable” list….

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Man it’s been a rough week around here at ATL. With the addition of Eric Turkewitz, or as I call him, E.T., I now see you all weren’t kidding when you told me the only reason I was here was because Lat and Mystal just go down the alphabet.

I was also invited to experience misery at its peak have drinks with Elie during his visit to South Florida where he continued to call B.S. spoke on a panel to a conference of “all our graduates get jobs” law school admissions folks and apparently experienced what can only be described as “commentariat live.”

Our meeting was just your typical conversation between an angry short Jewish lawyer from Miami who successfully overcame academic probation at a state college and third-tier law school and a big fat black guy with dual degrees from Harvard. We left before the Boca Raton Resort and Club noticed we were there.

Now let’s talk about Biglaw summer associates….

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All rise for the Honorable Judge Fiddy.

* For everyone who’s ever wondered, “I’m an attorney, but I also love playing lacrosse. Where can I enjoy my dual passions?” Well, here’s your answer. [Wall Street Journal]

* More analysis of today’s DOMA smack down. [Leonard Link]

* Still speaking about DOMA, check out these interesting similarities between Judge Michael Boudin, who wrote the court’s DOMA opinion, and 50 Cent. (Spoiler: they’ve both been shot a gazillion times, duuuh.) [Think Progress]

* How do you turn your summer associateship into a full-time offer? I might suggest presents, nepotism, or, ahem, “favors.” Or for more traditional folks, I suppose you could take this “practical” advice. [The Careerist]

* What can business executives learn from Wal-Mart? That having holiday sales so huge people are willing to die to be there might not be such a terrible idea? [Harvard Business Review]

* What happens when the pool of college graduates dries up in a metropolitan area? Kitten starvation, ice storms, and zombies. [New York Times]

* On a policy level, this maybe isn’t a great idea. And I realize I might sound like a hypocrite. But, honestly, if sodas were banned, I would be really upset for like 20 minutes, and then I would just go on a crazy 20-year coconut water binge. [New York Times]

After the jump, check out Bloomberg Law’s interview with the judge from Raj Rajaratnam’s insider trading case…

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Since this afternoon’s big Dewey & LeBoeuf development, namely, the defection of Morton Pierce and seven other partners to White & Case, there has been some additional news. It concerns the timing of Dewey’s possible shutdown, a subject that has been the subject of much speculation lately.

One rumor had the firm closing its doors as early as tomorrow. Another suggested a date closer to Memorial Day. The truth may lie somewhere in between: according to sources cited by Am Law Daily (reg. req.), “Dewey is poised to close by May 15 and possibly sooner.”

(Also at Am Law, a very handy Dewey Departure Tracker. It lists each defector’s name, practice area, departure date, new firm, and location. It’s a great resource.)

The May 15 date makes some sense. As reported by Thomson Reuters News & Insight, on Monday the firm received a two-week extension from lenders for renegotiating its $100 million credit line. Assuming the parties can’t reach a new agreement, which seems like a good assumption right now, the new deadline would fall on or about May 15, the shutdown date mentioned by Am Law.

Compared to other outlets, we’ve been focusing a lot on the human side of the Dewey story. We’ve talked about the partners, including the particular partners who might be blamed for Dewey’s demise. We’ve talked about the staff, bringing you a paralegal’s lament.

Tonight let’s consider the fate of would-be Dewey associates, both full-time and summer associates, who now find themselves left in the lurch….

As usual, UPDATES — including one relating to support staff — after the jump.

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Elie here. In news that should shock no one, Dewey & LeBoeuf has canceled its 2012 summer program. Honestly, if you were a 2L who was planning on going to Dewey this summer and you are just now figuring out that it’s not going to happen, you should probably spend more time reading Above the Law and less time sniffing glue. (Pro tip: sniffing glue + reading ATL = total awesomeness.)

We’ve also got some additional information about a possible criminal probe into the Dewey situation by Manhattan District Attorney Cyrus Vance. (We briefly considered the headlines “Dewey Have Any Lube for this Probe?” or “Dewey Know Any Good Criminal Defense Lawyers?”)

Let’s get into it. I’ll turn the floor over to Lat….

UPDATE (5:25 PM): Additional info, appended after the jump.

UPDATE (4/30/2012): We’ve added some material to the memo about the cancellation of the summer program that was initially missing when we first published this post.

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(And additional info about a possible criminal probe.)”

Here in New York, the theater community is gearing up for the Tony Award season. Which shows will snag coveted nominations for best musical and best play?

In the world of Biglaw, though, there’s no competing with the drama now unfolding at Dewey & LeBoeuf, the once elite and now rapidly imploding law firm. Thus far, the story of Dewey has been dynamic but depressing, more tragedy than comedy.

But might that change? Could the tale of D&L end happily, like a Shakespearean comedy — with a wedding?

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This is Elie Mystal, coming to you live from Austin, Texas, and the 2012 conference of the National Association of Law Placement. It’s my favorite annual conference, because every year, NALP just gets all the law school career services officers and all the law firm recruiters in a room, and tells them all the trends in legal hiring. We’re not talking about anecdotal evidence or law firm spin. It’s the one time each year we get to look at some hard numbers.

And in case you live under a rock, let me tell that every year since the recession, the numbers get more and more terrible. Looking at some of these statistics is as close as you can come to physically witnessing a dream die a horrible, mangled death.

This year, the numbers are worse than ever! And that’s the good news. NALP’s Executive Director, Jim Leipold, thinks that we’ve probably “hit the bottom” in terms of new associate hiring, with the class of 2011 suffering the absolute nadir of this process. While he doesn’t know if things will get significantly better any time soon, he figures they pretty much can’t get any worse.

Yay!

Does anybody want to hear the bad news?

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Obtaining a summer associate position at a major law firm remains difficult. That’s the upshot of a recent report (PDF) issued by our friends at NALP. You can read summaries of the report at the NALP website and at the ABA Journal. This quip, by NALP executive director Jim Leipold, pretty much says it all: “This is not a hot recruiting market.”

Given that employers are still in the driver’s seat, at least when it comes to entry-level recruiting — recruiting of lateral lawyers, whether associates or partners, is a different kettle of fish — you’d think that law firms would use this opportunity to experiment a bit with fall recruiting. There are some interesting alternatives out there to the standard model of 20- to 30-minute screening interviews, typically held in the summer before or early fall of the 2L year, followed by callback interviews at the firms. E.g., JD Match (disclosure: a past ATL advertiser).

But law firms, as we know, are a conservative group. They tend to stick with existing models, even if those models are imperfect.

Well, most law firms. Nobody ever accused Quinn Emanuel of not daring to be different….

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The return of summer associate days of yore?

* Obama has officially nominated William Baer, an Arnold & Porter partner, to run the DOJ’s antitrust division. Get ready for an election year confirmation showdown between the parties. [New York Times]

* Newt Gingrich has dropped out of the Virginia ballot lawsuit that was originally filed by Rick Perry. What does this mean for his campaign? Is he giving up his plans for the presidency, too? [Washington Post]

* Here’s a great refresher on all things Prop 8 in anticipation of today’s ruling from the Ninth Circuit. This is happening on West Coast time, so check back for our coverage this afternoon. [Poliglot / Metro Weekly]

* Summer associate hiring might be back in business thanks to pickups in litigation and transactional work, but don’t go out and start licking those Biglaw popsicles just yet. [Thomson Reuters News & Insight]

* Sorry, bridge and tunnel people, but it looks like you’re going to have to keep paying increased prices at the tolls. AAA of New York and North Jersey lost a bid to block collection of the fee hikes. [Bloomberg]

* Anna Nicole Smith is no longer with us, but her memory will forever live on in ABA Resolution 10B. Gold diggers across the nation can now rely on the power of federal magistrate judges. [ABA Journal]

Hands off the dancers, sir.

Our latest Biglaw blind item concerns the sighting of a partner at a strip club.

Right now you’re probably thinking: yawn. A law firm partner at a strip club? As they say, it happens every day (or night — and often gets billed to “business development”).

But there are a few more details that make this item noteworthy….

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