- Barack Obama, Holidays and Seasons, LLMs, Morning Docket, Pornography, Supreme Court Clerks, Tax Law, USC Gould School, USC Gould School of Law
- Biglaw, Gay, Gay Marriage, Health Care / Medicine, Ho-Love, Hogan Lovells, Latham & Watkins, Milbank Tweed, Money, Munger Tolles & Olson, Perks / Fringe Benefits, Reed Smith, Ropes & Gray, SNR Denton, Tax Law
It’s late October, so Biglaw bonus news could drop any day now. In 2010, Cravath didn’t kick off the season until November 22. But back in 2009, Cravath announced bonuses on November 2. And in 2007 — yes, the glory days, before the Great Recession — Cravath announced bonuses, regular and “special,” on October 29.
In light of the economic gloom and doom, including the possibility of a double-dip recession, it wouldn’t be shocking if bonuses are modest this year. Better to conserve the cash and avoid layoffs, right? Or maybe repeat what happened in 2010 and save some money for spring bonuses in a few months, when firms might have a better idea of the direction of the economy?
Regardless of how bonuses turn out, there are other pockets of good news in the world of large law firms — even news requiring law firms to open their wallets. Check out the growing number of firms that offer the perk we’ve dubbed the gay gross-up….
* Lawyers with four to seven years of experience are apparently now in demand. You know why? BECAUSE THEY FIRED ALL OF THEM TWO YEARS AGO! [WSJ Law Blog]
* I dream of a day when eyewitness testimony is viewed as unreliable as DNA evidence is now thought to be reliable. [An Associate's Mind]
* If you are a lawyer, it’s really never about you. [What About Clients?]
* Even in the extremely unlikely scenario that one of these radical tax plans is adopted, tax lawyers will still find work. Believe it. [Going Concern]
* If you took the “over” on the cold day in Hell when BP is allowed to drill in the Gulf again, you’re gonna lose that bet. [New York Times]
* It’s a bit anticlimactic. And we’ve been pulled apart by political divisiveness. But we are just about done with the Iraq War! Yay? Ticker tape in Times Square, or is it going to be all, “Welcome home, while you were away we misplaced all the jobs and money”? [Politico]
- American Bar Association / ABA, California, Cooley Law / Thomas M. Cooley Law School, Law Schools, Money, Morning Docket, Paul Clement, Tax Law, Winston & Strawn
* “You are a beautiful grave — dead inside.” Be still my heart. What kind of a girl wouldn’t appreciate a love letter like this? A former tax attorney from Winston & Strawn, apparently. [New York Post]
- 9/11, Biglaw, Celebrities, Jersey Shore, Lindsay Lohan, Morning Docket, State Judges, Tax Law, Thompson Hine, Trademarks
Last week, we posed a provocative question: Are The 1Ls Actually Dumber This Year? Based on the decisive vote in our reader poll, the answer appears to be “yes.”
Whether male lawyers are decreasing in attractiveness seems subjective. But there’s actually some evidence that the men of the legal profession are 66 percent less hot than they were last year….
* I thought the rule for how to cite a blog in your brief was “don’t,” but I have less use for a Bluebook than a homeless orphan (I hear kindling is hard to come by on the streets). [Adjunct Law Prof Blog]
* More analysis on the mean mommy lawsuit reminds me of how much better things would be if somebody — be it a parent or a bully — had slapped these kids upside their fat heads during crucial developmental years. [Healthland / TIME]
* Maybe if more lawyers knew some basic principles of digital masking, they wouldn’t be so terrified when it comes to tipping ATL about the stuff going down at their firms. Either that, or people would make even more fun of me. [An Associate's Mind]
* Culinary school graduates are also unhappy with the employment prospects available to them after investing in additional education. Let me try this maxim out and you tell me what you think: if the education has neither “computer,” nor “science,” nor “military” in the title, you are being charged way too much. [Eater]
* Don’t you love how lawyers can turn any massive failure into a business opportunity? Lawyers are like the bacteria in charge of decomposition in the crisis ecosystem. [Law and More]
* In the game of tax conviction appeals, Wesley Snipes came up a little bit short. Kind of like the time he slid into second base too early and stopped before the bag. (New rule: all Wesley Snipes tax references must be accompanied by a Wesley Snipes movie reference.) [TaxProf Blog]
- Biglaw, BuckleySandler, Fried Frank, Gay, Gay Marriage, Health Care / Medicine, Money, Perks / Fringe Benefits, SNR Denton, Tax Law, Weil Gotshal, Williams Mullen
We have been tracking — as have other news outlets, such as the New York Times — which leading law firms offer the perk we’ve nicknamed the gay gross-up. If you’re inclined towards formality, you can call it the “tax offset for domestic partner health benefits.” For an explanation of what this perk is all about, read this prior post.
Since our last round-up, additional prominent law firms have adopted this policy. Let’s check out the latest list….
UPDATE (9/7/11, 12:30 PM): We’ve added to our list since it went up yesterday.
- Biglaw, Department of Justice, In-House Counsel, Law Professors, Musical Chairs, Non-Sequiturs, O'Melveny & Myers, Pets, Solicitor General's Office, State Judges, State Judges Are Clowns, Tax Law
* “Ten Worst Things for a Law Prof To Put on a CV.” [The Faculty Lounge]
* Musical Chairs: Sri Srinivasan, chair of the appellate and Supreme Court practice at O’Melveny & Myers, is leaving OMM to serve as principal deputy to Solicitor General Donald Verrilli. [Main Justice]
* Lawyer turned CEO Andy Lansing is looking for a few nice men (and women). [New York Times]
* Stop me if you’ve heard this one before. A dog walks into a bar…. [Volokh Conspiracy]
* What is up with Georgia judges? Another one bites the dust: Judge Douglas Pullen leaves the bench, terminating an investigation by the Judicial Qualifications Commission. [Atlanta Journal-Constitution]
* Congratulations to the recipients of the First Chair Awards for in-house counsel! The awards will be presented tomorrow night. [First Chair Awards]
- Advertising, Biglaw, Job of the Week, Job Searches, Mergers and Acquisitions, Shameless Plugs, Sponsored Content, Tax Law, This Is an Ad
Calling all Atlanta associates! The city has seen a tremendous recent uptick in hiring, specifically in finance, corporate work, and tax, and Lateral Link’s recruiters are currently working on filling over 40 law firm positions. If you have experience in banking/finance, general corporate work (M&A, private equity, venture capital, capital markets & securities), or tax, we have several jobs for you at some of Atlanta’s top firms.
For those East Coasters looking to escape the recent natural disasters (earthquakes and hurricanes), consider relocating to Atlanta, the “New York of the South.” To learn more about the Atlanta legal industry, contact Scott Hodes, Lateral Link Director for the Atlanta region, at firstname.lastname@example.org.
Today’s Job of the Week is for the corporate finance associate looking to make a move to a prominent Atlanta-based firm where Lateral Link has recently placed several associates. You could be next!
Position: Corporate Finance Associate
Description: Top Atlanta firm looking for an associate with 3-6 years’ experience representing financial institutions, lenders, investors, and borrowers in lending transactions, including syndicated credit facilities, private placement of notes; acquisition financing experience is required.
Location: Atlanta, GA (this position is also available in Charlotte, NC)
If you are currently a Lateral Link member, please see position #9538. Not a member? Sign up for free at www.laterallink.com to access hundreds of law firm and in-house jobs and to work with a recruiter in your market.