Vault

A wise man once said, “Ask yourself whether you are happy, and you cease to be so.” Lawyers, allegedly an unhappy lot, are asked if they are happy all the time. Vault asks, Am Law asks, and in a roundabout way, so do we.

To date, we’ve received nearly 8,000 responses to our ATL Insider Survey. Among other things, our survey poses this question to law firm lawyers: “If you had the chance to do it all over again, would choose to work for your firm?”

Unsurprisingly, those who answer “yes” tend to highly rate their firms in such areas as compensation, culture, and training. For those that wish they could take a Mulligan when it comes to their choice of employer, the inverse is true. Here is a comparison of ratings scores (on a scale of 1-10) for the various aspects of law firm life, broken out by responses to the “Mulligan” question:

SUBJECT ”Yes” ”No”
Compensation 7.81 5.35
Hours 7.38 4.81
Firm Morale 7.7 3.53
Training 7.45 4.32
Culture and Colleagues 8.56 4.56

Hardly counterintuitive stuff, we know, but it allows us to use the “Mulligan” response as a proxy for overall happiness/satisfaction, as it’s so broadly predictive of the nature of the individual’s assessment of his firm.

Back in April, we shared our survey findings showing that Davis Polk was the top firm when it came to morale (to date, this holds true.) Today, we look at whether there are notable differences regarding satisfaction based on practice area. If we slice our survey data by practice, we find that there certainly are. So after the jump, let’s look at how practice groups stack up against one another in terms of the happiness of its practitioners….

double red triangle arrows Continue reading “And Biglaw’s Happiest Campers Are…”

uncle sam

...to take a survey

Later this year, Above the Law will be launching a new, expanded Career Center. The new Career Center will be a resource for students and lawyers at all stages of their careers, and in all areas of legal practice (i.e., not just Biglaw). But we can be sure that news and insight into life at firms and schools will continue to be ATL’s bread and butter. With that in mind, today we open up the ATL School & Firm Insider Survey.

I assume a common reaction will be, “What with — among others — Vault, Chambers, U.S. News, and Am Law, why the hell do we need yet another employer/school survey?” Fair enough. And yes, all of the existing surveys have their merits. All of them produce useful content for students and potential laterals.

We do believe, however, that when it comes to information, the more the merrier. Moreover, the ATL survey is distinctive in some fundamental ways, and we’re going to justify its existence….

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Ebony and ivory, billing together in perfect harmony.

We’ve talked a lot in these pages about the value of diversity. It’s important to clients, it’s important to law firms, and it’s important to the legal profession as a whole.

Given the significance of diversity, it’s not surprising that several organizations and news outlets focus on it, especially with respect to large law firms. In the past few weeks, we’ve discussed diversity data from Building A Better Legal Profession and from the American Lawyer, for example.

Today brings news of more diversity rankings, this time from the ranking gurus over at Vault. They’ve compiled a list of 25 best law firms for diversity.

Which firms made the cut? Is your firm on the list?

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Non-Sequiturs: 05.20.11

CHECK YOU SAMOSAS.

* Should innkeepers with religious beliefs be able to turn away same-sex couples seeking marriage reception venues? [Burlington Free Press]

* What are the best law firms in different cities and regions of the country? Check out the Vault regional rankings. [Vault's Law Blog]

* I bet she bites off the next thing he forces in her mouth. [Runnin' Scared / Village Voice and Gizmodo]

* The Tiger Mom should send the senators to bed without dinner until they vote on the stalled Seventh Circuit nomination of Professor Victoria Nourse. [National Law Journal]

* Was there a Brady violation at the Casey Anthony trial? The state says no, arguing that defense lawyer Jose Baez received the potentially exculpatory information. [Legal Ethics Forum]

* Where’s the beef in this lawsuit? Unfortunately, inside the supposedly vegetarian samosas. [Porzio Appellate Law Blog]

* What is the difference between marketing and sales, and why does it matter to law firms? [Ross's Law Marketing Blog]

The world of large law firms isn’t all about prestige and pay. Although the Vault 100 prestige rankings and the Am Law 100 profit-per-partner rankings are closely watched, there are other ranking schemes out there — and some of these frameworks adopt a kinder, gentler outlook on Biglaw.

For example, take the American Lawyer’s A-List. Although the A-List rankings take law firm financial performance into account, they also factor in diversity, pro bono work, and associate satisfaction.

Associate satisfaction: that’s the driving force behind another important set of rankings, Vault’s just-released “Best Law Firms to Work For” list. The notion of “quality of life” at a law firm might seem laughable to some — but let’s face it, some firms are generally better workplaces than others. (Of course, your mileage may vary: some lawyers have great experiences at firms known for being awful, and some lawyers have awful experiences at firms known for being great.)

Let’s check out the Vault top ten, shall we?

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Is your law firm this transparent?

Greetings from lovely Palm Springs, California, home to the 2011 annual education conference of the Association for Legal Career Professionals (better known to many of you as NALP). The setting is beautiful, the weather is fabulous, and the conference panels have been stimulating thus far. Who needs SXSW?

Yesterday I attended a very interesting session, covering a topic near and dear to the hearts of many Above the Law readers. The apt title of the panel: “From Black Boxes to Glass Houses: Evolving Expectations of Law Firm Transparency.”

The lively discussion covered a wide range of topics — and also offered some advice for law firms for dealing with the increased transparency of the digital age….

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We’re rolling through the Vault 2011 list of the “prestigiest” firms in the land, so that you can comment on what it’s like to actually live, work, and breathe those firms (when you’re not choking on all the prestige in the air).

We’ve covered #1-10 and #11-20. Here’s the next round-up. Now it’s time for the London-based Magic Circle firms to join in the elite fun:

21. Arnold & Porter
22. Shearman & Sterling
23. Boies, Schiller & Flexner
24. O’Melveny & Myers
25. Ropes & Gray
26. Morrison & Foerster
27. Munger, Tolles & Olson
28. Hogan Lovells
29. Clifford Chance
30. Linklaters

What do associates have to say about the ups and downs of life at these firms? Here are some excerpts from their Vault listings…

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The 2011 Vault prestige rankings are out, giving meaning and purpose to those whose firms ranked in the top 20, and giving those further down the list inferiority complexes. (We’re talking to you, #21-formerly-#18.)

This thread covers the firms ranked #11 through #20. This is your chance to discuss these firms — their upsides and downsides and whether Vault got their rankings right. The Vault site has entries for each firm, similar to the Firm Snapshots in our own Career Center.

The “downers” category for most firms tends to be rather general: they treat me like a number, “long hours,” “unfun,” etc. But someone at #20-ranked White & Case had a very specific complaint about the firm’s lack of tech savvy: “The technology is very outdated. We still run Outlook 2003 and are not allowed to use iPhones. The blackberries we are given are over 2 years old and do not work well at times. The firm is not receptive to these issues.”

Little known White & Case perk: every new associate gets their own Commodore 64 for home use.

What are the reviews for the other firms in this bracket?

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The real utility of the Vault law firm rankings isn’t the opportunity they give to prestige whores who want to lord their status over others. The rankings — conveniently released just before the start of on-campus recruiting — allow law students to get an inside peek at the firms that will soon be coming to campus to vie for their attentions. The firms know a lot about you, but what do you really know about the firms? The Vault rankings are an opportunity to close the informational gap.

Okay, sure, I ripped that opening from something somebody probably wrote in 2005. In a recession economy, law students are probably more concerned with which firms won’t abort their legal careers, instead of which firms have the best cookies.

But still, the rankings give us an opportunity to discuss each firm. And readers of Above the Law are always full of opinions when it comes to the best Biglaw firms.

So sit back, register your Disqus account, and join us as we romp through the Vault 100. We’ll start at the very top — because prestige whoring doesn’t have to be useful in order to be fun…

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Oh yeah, it’s time to get your prestige on.

The 2011 Vault prestige rankings went live this morning. It’s the time of the year when associates get to make fun of their friends, and partners get to brag to their peers. Law is a prestige-conscious field, and the Vault rankings will set the tone for prestige battles over the next year.

The top five remain the same, but the order has changed:

1. Wachtell
2. Cravath
3. Sullivan & Cromwell
4. Skadden
5. Davis Polk & Wardwell

Sullivan & Cromwell hops back over Skadden this year. I guess Skadden’s Sidebar Plus didn’t have quite enough prestige points.

Moving on, there is one firm that dropped out of the Vault top ten…

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