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:
Congratulations to Sutherland. The firm’s band, “Sutherland Comfort,” won the 2010 Battle of the Law Firm Bands in D.C. on Thursday night. Sutherland Comfort defeated a host of worthy challengers — including “Dangerous Communication Device,” the Williams & Connolly band that won the contest in the past two years.
You can access the various charts via this portal page. Aric Press and Greg Mulligan summarize the results:
It could have been worse. That’s the best that can be said for the performance last year of The Am Law 100, the top-grossing law firms in the nation. Three of the four key categories we’ve measured for 25 years — gross revenue, head count, and revenue per lawyer — fell, while profits per equity partner (PPP) barely increased by 0.3 percent, or $3,463, to $1.26 million.
So PPP was basically stable in 2009 — not a bad result given the continuing economic weakness last year. Perhaps law firm partners are better business managers than they get credit for?
Last night we wrote about some of the top-notch talent that will be filling senior legal positions in the Obama Administration. These are big names, and you probably also read about them in big publications, like the Legal Times or the Wall Street Journal.
ATL is willing to drill down deeper. We now bring you personnel news at more junior levels. If you graduated law school in the past 15 or even 10 years, you might actually know some of these people.
Our prior post focused on two of the most prestigious parts of the Department of Justice: the Solicitor General’s office, and the Office of Legal Counsel. We now turn our attention to two other top offices: the White House Counsel’s office, and the office of the Deputy Attorney General.
As the old saying goes, “It is easier for a camel to pass through the eye of a needle than for a lawyer to be hired as a lateral partner at Williams & Connolly.” The last lateral partner to be hired by the super-elite litigation shop, which people and corporations turn to when they’re in the deepest of doo-doo, was Gerald Feffer, brought into the fold over two decades ago.
So this latest move is fairly big news. Appellate superstar Kannon Shanmugam, one of Washington’s top 40 lawyers under 40 (see #21), is leaving the Solicitor General’s office, where he has served for the past four years as an Assistant to the Solicitor General. He’ll be joining Williams & Connolly — as a partner.
“It’s very hard to leave the Justice Department, but I’m excited about the challenge of helping to build the appellate practice at Williams & Connolly,” Shanmugam told us. “It’s arguably the best firm for litigation in the country, but what ultimately attracted me to the firm is its distinctive culture.”
“We are thrilled to have Kannon join us,” said Robert Barnett, a member of the firm’s Executive Committee (and author rep to the stars — he’s negotiated book deals for the Clintons, Barack Obama, Bob Woodward, Lynne Cheney, and Alan Greenspan, among others). “He’s our first lateral partner in 22 years, which is indicative of how rarely we have lateral partners join us.”
“Almost everyone at the firm is homegrown, coming up through the associate ranks and making partner,” explained Barnett to ATL. “Kannon, because of his exceptional qualities, is going to be a rare exception to that pattern. On a personal level, he’s a terrific individual. But we are also extremely respectful and welcoming of his legal skills.”
Word on the street is that Shanmugam received offers from about half a dozen other firms. “He was sought by many firms, and being as competitive as we are, we’re pleased to have won the Kannon sweepstakes,” said Bob Barnett.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
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 six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.