Wachtell Lipton
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Bar Exams, Biglaw, Job Searches, Law Schools, Money, Morning Docket, Pets, Texas, Trusts and Estates, Twittering
Morning Docket: 08.16.11
* Led by Cleary and Wachtell, five Biglaw firms were involved in the $12.5B Google/Motorola deal. Talk about a total prestige orgy. [Am Law Daily] * Casey Anthony will be appealing her check fraud probation order in Florida. WHERE’S THE JUSTICE FOR THAT GIRL’S CHECKING ACCOUNT!!?!? [CNN] * Those pushing for a law school at […]
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Blogging, Career Alternatives, DealBreaker, Goldman Sachs
Career Alternatives for Attorneys: Seriously Guys, This Blogging Thing Might Have Legs
If you are lawyer who is looking for a career change, you really might want to give blogging a try. You won’t make as much money as you would in a Biglaw job. You probably won’t make as much as you would working for a well-respected small law firm. But money isn’t everything. Take it […] - Sponsored
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
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 […]
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Associate Bonus Watch 2010, Biglaw, Bonuses, Mergers and Acquisitions, Money
Associate Bonus Watch: What Did Wachtell Do?
The law firm of Wachtell Lipton is not the nation’s coolest firm, having been knocked out by Davis Polk in Above the Law March Madness. But the bonuses paid out by WLRK in 2010 were still plenty hot — about as sizzling as some DPW associates, one might say. Should they have been even better, […] -
Biglaw, Contests, March Madness, Reader Polls
ATL March Madness: The Coolest Law Firm Final Four
There haven’t been any VCU-style upsets in our Coolest Law Firm Bracket. That’s probably because lawyers don’t like upsets. Lawyers get paid to make sure no “surprises” happen; lawyers like things to proceed in a predictable and organized fashion. Sure, Davis Polk (ranked #5 by Vault) topped Skadden (ranked #4) in the Elite Eight. But […] -
Biglaw, Contests, March Madness, Reader Polls, Williams & Connolly
ATL March Madness: The Coolest Law Firm Elite Eight
We will have a new winner in this year’s Coolest Law Firm contest. When Above the Law first ran this bracket back in 2008, you picked Latham & Watkins as the victor. This time around, they got… Lathamed, in the first round. Cravath crushed Latham by a 60% – 40% margin. That was the second-highest […] -
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 […] -
Biglaw, Gender, Partner Issues, Rankings, Sexism, Women's Issues
Hard Stats About Female Equity Partners
Today Am Law released an exhaustive report about female equity partners at major law firms — equity partners, not to be confused with non-equity partners (who are really glorified associates that firms slap with the “partner” label in order to look good when folks like BBLP or Jezebel come calling). The numbers aren’t going to […] - Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use. -
Dewey & LeBoeuf, New York Times, Weddings
Legal Eagle Wedding Watch: Badgered
Before we go hard-core with the lawyerly nuptials, we must mention a couple of recent Vows columns that are worth a look. First, this offbeat pair had three children together before finally deciding, at the ages of 63 and 39, to tie the knot. And the geriatric groom sounds way too horny: “I lusted after […] -
Biglaw, Rankings, Vault rankings
Is Wachtell Overrated?
As we mentioned on Friday, in discussing a retired partner’s messy divorce from a European beauty, Wachtell Lipton is one of the country’s most prestigious and most profitable law firms. Its partners make millions — even years after they have left the firm. In the new Vault practice group rankings, the M&A powerhouse came out […] -
Divorce Train Wrecks, ERISA, Money, Old People, Partner Issues, Partner Profits
How Much Do Retired Wachtell Partners Make?
Wachtell Lipton is one of the nation’s most prestigious and most profitable law firms. The lawyers who work there, especially the partners, are some seriously smart cookies. So perhaps it shouldn’t be surprising that a former Wachtell partner has gotten the best of his ex-wife in contentious divorce proceedings. Leigh Jones of the National Law […] -
Exercise, Running
Lawyers on the Run: The JPMorgan Chase Corporate Challenge
Here in New York, we’re in the midst of the JPMorgan Corporate Challenge, a race sponsored by JPMorgan that raises money for the Central Park Conservancy. An ATL reader at a major New York law firm described the race (which is really two races; it’s now run over two consecutive evenings, due to the large […] -
Biglaw, White & Case, Wikipedia
Law Firm Wikipedia Wars
On Sex and the City, Samantha was never seen scrolling through comments on news blogs to make sure her clients’ reputations weren’t being maligned. Instead, she attended fancy New York parties and talked up her roster of good-looking clients. But SATC is dated. The work of public relations professionals has been made harder (and less […]
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Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use.
Sponsored
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm.
Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms.
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Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get…
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Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so…
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Denny Chin, Jed Rakoff, Loretta Preska, Securities Law, Wall Street
Who's Afraid of the Big Bad Rakoff?
Since Judge Denny Chin is moving on up to the Second Circuit, the S.D.N.Y. cases pending before him have to be redistributed. Lawyers for Bank of America, which has 15 civil shareholder lawsuits on Chin’s docket, sent the chief judge a letter requesting that the cases be reassigned using a lottery system. As we mentioned […] -
Fabulosity, Lawyerly Lairs, Real Estate
Lawyerly Lairs: Orrick's New Digs in New York
Last summer, we reported that Orrick would be moving into fancy new offices in New York. Earlier this week, the office move took place. From the firm’s press release: Orrick, Herrington & Sutcliffe LLP has moved its New York office to 51 West 52nd Street, the same building that houses CBS headquarters and which is […] -
Biglaw, Partner Issues, Partner Profits, Rankings, Williams & Connolly
The Am Law 100 for 2010: 'It Could Have Been Worse'
Today is an exciting day. As we noted earlier, the Am Law 100 rankings for 2010 have been announced. This is a big deal — the Biglaw version of the U.S. News law school rankings. You can access the various charts via this portal page. Aric Press and Greg Mulligan summarize the results: It could […] -
Biglaw, Cold Offers, Job Searches, NALP, National Association for Law Placement (NALP), No Offers, Summer Associates
Updated NALP Forms: What Were the Real Offer Rates?
It’s a wonderful time of year. No more innuendo: NALP forms have been updated, and firms have had to come clean with their statistics on summer hiring. Look up your firm here. Let’s crowdsource this baby. You look at your firm and tell us in the comments if somebody surprisingly massacred their summer class, and […] -
Associate Bonus Watch 2009, Biglaw, Bonuses, Money
Associate Bonus Watch: Wachtell Lipton Bonuses Go Down Again
Last year, associate bonuses at Wachtell Lipton dipped below 100 percent of base salary, for the first time since 2005. This year, they continued their downward slide. But given the problems plaguing both the broader economy and the legal profession, bonuses didn’t go down by as much as many WLRK associates expected. The general reaction […] -
Exercise, Kids, Running, Securities and Exchange Commission, Securities Law
'Run, Forrest, Run!' (And then go get a J.D.)
The New York City marathon happens this Sunday. We know many lawyers who will be running it, and we wish them luck. The marathon did not impose a minimum age until 1981 (16, raised to 18 in 1988). Pegged to the upcoming marathon, the New York Times had a fascinating article earlier this week about […] -
Biglaw, Fabulosity, Food, Gay
Glitter and Be Gay, at WLRK
It’s Friday afternoon, and things are kinda slow. So please forgive the randomness. Remember Kirkland & Ellis’s big gay party from last month, featuring cocktails and hors d’ouevres, but open only to LGBT lawyers? A source at our former firm writes: Hors d’ouevres? That’s nothing! At Wachtell Lipton, the gay partners (and whatever associates/summers are […]