In round one of our Above the Law March Madness bracket, aimed at finding the law firm with the brightest future, Davis Polk is up against (and currently beating) Latham & Watkins. I actually found that to be a pretty rough opening match-up; both Davis and Latham strike me as firms that should be in the Sweet 16, and maybe even the Elite Eight.
Thanks to its top talent, superb brand, and global footprint, Latham has a bright future as a firm. Of course, working there can be like riding a roller-coaster: it expands like crazy and mints money during good times, then conducts massive layoffs during bad times. But if you can stomach the ups and downs, LW can be a great place to work.
Alas, not everyone at the firm will get to keep working there….
For Supreme Court clerks from October Term 2011, the historic Term of NFIB v. Sebelius (aka “Obamacare”), the hot firm to go to was Jones Day. As Tony Mauro recently reported, the firm hired six SCOTUS clerks from the OT 2011 class, which “may be the most clerks signed up by a single firm from a single term” (although Ted Frank suggests that Kirkland & Ellis might have had seven clerks back in 1995).
UPDATE (3/17/2013, 1 p.m.): Per Mauro, K&E has never had six or seven clerks from a single Term.
Leading litigatrix Beth Heifetz — a former SCOTUS clerk herself (OT 1985 / Blackmun), and a Tina Fey doppelgänger — confirmed that Jones Day paid the going rate in terms of SCOTUS clerkship bonuses: $280,000 (on top of the usual base salary and year-end bonus). One of the new hires, Rachel Bloomekatz, is joining JD’s office in Columbus, Ohio. She should be able to survive out there on half a million (the SCOTUS clerkship bonus plus a fifth-year associate’s salary; she’s a 2008 UCLA Law grad).
But what if you’re in the Columbus office and not a SCOTUS clerk? Don’t expect to be shown the money; instead, you might be shown the door….
Law firm layoffs are back (assuming they ever left). This is not a complete shock, since we heard predictions of them in January, including predictions of partner layoffs.
Many of these layoffs are stealth layoffs — so some firms might argue that they’re not even layoffs, just performance-based dismissals made in the ordinary course of business. It’s hard for us to report on these unless we receive enough tips. If we hear from a single lawyer or staffer who has been asked to leave, that could be a performance-based dismissal; if we hear from multiple lawyers or staffers at the same firm, that starts to look more like layoffs. If you have layoff information you’d like to share, please email us or text us (646-820-8477).
Now, on to the layoffs at Patton Boggs, D.C.-based law firm and lobbying powerhouse. These reductions were too large to fly under the radar….
Please note the UPDATES below regarding the number of affected employees.
Has anyone seen that movie Secretary? It’s about a law firm love affair — woman gets released from mental hospital, gets a job as a legal secretary, and enters into a BDSM relationship with her boss. Pretty standard, really, because you’d have to have some sadomasochistic tendencies to willingly subject yourself to a partner’s whims on a daily basis.
As some of you know (admit it, you do), when these illicit law firm relationships occur, they’re usually only discussed in secret behind closed doors. But when one of the those allegedly involved is an unwilling participant, it’s just a hop, skip, and a jump away from allegations of sexual harassment in the workplace, and your darkest sexual proclivities will be revealed for all the world to see.
Despite the fact that many women wish they had a Christian Grey to dominate them, it’s a little less sexy when the man who’s allegedly at the center of this would-be torrid affair is just shy of his full retirement age. But hey, even old farts are allowed to dream.
Let’s find out who the players are in this failed office romance. Be sure to remember your safe word….
I don’t even know why I did it, it’s just not me man. I’ve never done anything like this in my life. This is not Ramiro. I’m not a macho guy. I don’t even know how to swim.
– Ramiro Ocasio, a records assistant at Kirkland & Ellis, commenting on his subway heroism. Last week, Ocasio selflessly jumped off the subway platform to come to the aid of an elderly man who had fallen onto the tracks. The Q train arrived less than ten seconds after they were out of harm’s way.
It seems that people are finally, belatedly, getting the message. Going to law school is not a safe bet.
At least not for students. For faculty, teaching at a law school is one of the safest jobs you can have. The only people who lose their jobs at law schools are deans who anger the U.S. News gods, and even then those deans can usually still hang on as professors.
But the economics of running a law school might be turning. One law school has decided to downsize….
As we reported yesterday, Dean Paul Schiff Berman is leaving the deanship at the George Washington University Law School to assume a university-wide position as GW’s “Vice Provost for Online Education and Academic Innovation.” He’s switching jobs effective January 16, 2013.
Since the news of Dean Berman’s resignation became public, we’ve heard all sorts of rumors about why he’s departing as dean of GW Law. What are the rumors — and is there any truth to them?
Let’s not play around this year. Let’s not play the cute little game of waiting for Cravath to set the bonus market and then waiting for everybody to inevitably follow Cravath. Let’s not wait for a few outliers to “beat” Cravath while Cravath thinks about maybe doing spring bonuses.
Lower Manhattan is trying to dry off. New Jersey seemingly washed away. If Biglaw wants to help its own people, it’ll get money into their hands as quickly as possible. That’s what will help people in the Tri-State area recover as they clean up from the storm. Biglaw firms should announce (and pay) their bonuses, as soon as possible, so their associates can have some income certainty (and extra income) as they recover.
And Biglaw should end the miserly, recession-era trend of cutting or canceling staff bonuses. This year all the secretaries and paralegals who are being asked to come in and work under unreasonable circumstances should share in the massive profits generated by their firms.
Let’s not mess around. Get the bonuses, whatever they’re going to be, into the hands of the people who have earned them, so they can more easily manage their own personal disasters…
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: firstname.lastname@example.org.
We at Kinney Asia have made a number of FCPA / White Collar US associate placements in Hong Kong / China thus far in 2014. Most of such placements have been commercial litigation associates from major US markets, fluent in Mandarin, switching to FCPA / White Collar litigation. Some have already had FCPA experience, but those are difficult candidates for firms to find (this will change in coming years as US firms are now promoting FCPA / White Collar to their 2L summers who are fluent in Mandarin and have an interest in transferring to China at some point).
Legal Week quoted Kinney’s Head of Asia, Evan Jowers, extensively in the following relevant article here.
There is a new trend in the market, though, where mid-level transactional US associates, fluent in spoken Mandarin and written Chinese, are interviewing for and in some cases landing junior FCPA / White Collar spots in Hong Kong / China at very top tier US firms.
Ms. JD is hosting their 2nd annual cocktail benefit to raise money for the Global Education Fund. The event will be held on August 21, 2014 at 111 Minna in San Francisco. Our goal is to raise $20,000 to fund the legal educations of four dedicated law students in Uganda who count on our support to continue their studies at Makerere University during the 2014-15 academic year.
The Global Education Fund enable womens in developing countries to pursue legal educations who otherwise would not have access to further education. According to the World Bank, investment in education for girls has one of the highest rates of return to promote development. In Uganda, more than 45% of women over the age of 25 have no schooling at all, and men are more than twice as likely as women to have access to higher education. Together, we can work to end educational inequality. For more information about the program, please visit http://ms-jd.org/programs/global-education-fund/
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.