Law firm diversity matters. It matters to corporate clients, many of them public companies that want to demonstrate their commitment to diversity through their selection of vendors and service providers — which is what law firms are, at the end of the day. It matters to the law students and lawyers that firms are trying to recruit — which is the premise behind the data collection conducted by Building A Better Legal Profession.
So there should be keen interest in the latest edition of the American Lawyer’s Diversity Scorecard 2011, which the magazine just released. As Am Law explains, the Scorecard constitutes its annual ranking of large law firms by their percentage of minority attorneys and minority partners.
Let’s take a look at the top firms for diversity. Did your firm make the list?
Let’s all take a deep breath. Associate bonus season, which usually wraps up sometime in January, looks like it’s been extended well into April. This is just more proof that Biglaw firms don’t actually collude. No rational business person would want to be making decisions in April 2011 about how much to pay employees for 2010 performance.
For those trying to keep score, there seem to be the following categories of firms (roughly using a letter-grade system):
A – Firms that are paying Cravath-level spring bonuses in all offices. (Example: Cravath.) [FN1]
B – Firms that are paying Sullivan & Cromwell-level spring bonuses in all offices. (Example: S&C.)
C – Firms that are paying spring bonuses in New York but not elsewhere, like California or D.C.. (Example: Read more below.)
D – Firms that are not paying spring bonuses because their year-end bonuses beat the Cravath year-end bonuses, and they’re hoping their associates can’t add. (Example: CHECK YOUQUINN EMANUEL.)
F – Firms that are not paying spring bonuses and invite disgruntled associates to S some D if they don’t like it. (Example: Jones “We can still hear all the poors who live inside your black box” Day.)
Right now, we want to focus on Group C. Group B gets a pass because they started the spring bonus phenomenon and goddamnit we’re going to respect that. Partners at firms in Groups D & F will have to examine their own motives for why they want their associates to secretly hate them.
But Group C is weird. Why create inter-office jealousy and rage when most top firms are paying spring bonuses in all of their offices? Why look that desperate to save a little bit of money?
And you can’t spell “Weird Cost-Cutting” without White & Case…
Two months ago, when spring bonuses were new and fresh and exciting, we reported on spring bonus deliberations at Cadwalader (which eventually matched the market). At the time, I wrote: “If Cadwalader jumps into the spring bonus pool, we’re going to have to start asking questions about Paul Weiss, Willkie Farr, White & Case (don’t laugh), and other well-known New York City firms.”
Well, I’m not here to say “I told you so.” I’m here to say “I was wrong.” It turns out that you are most certainly allowed to laugh. Because White & Case wants to jump into the spring bonus pool without actually telling people if it is matching the spring bonus market. The White & Case “spring bonus” could be a goddamn unlimited MetroCard for all we know. Do the managers at White & Case think they can appear to be paying market compensation without actually paying market compensation?
500 West End Avenue: former home of Tina Fey, until she sold - to a law firm partner.
After suffering through a brutal recession that was fueled, in part, by the collapse of the real estate market, you’d think that nobody would want to read about real estate ever again. But that’s not what’s happening in the blogosphere, where real estate is hotter than ever.
Above the Law readers are similarly obsessed with real estate. Is it because everyone had to take Property as 1Ls? For whatever reason, Lawyerly Lairs is one of our most popular and well-trafficked features. The last installment, a visit to the $4.7 million Chicago townhouse of outgoing Northwestern Law dean David Van Zandt, continues to be a top post (even though it dates back to before Thanksgiving).
So let’s give you more of the real estate porn you want and deserve. In today’s Lawyerly Lairs, focused on ATL’s home city of New York, we look at the recently acquired, envy-inducing residences of partners at three leading law firms: White & Case, Sullivan & Cromwell, and Linklaters.
The first featured residence even has a celebrity connection: the seller was Tina Fey, fabulous television and movie star (and Sarah Palin impersonator)….
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?
Is this part of a larger trend? And will it continue?
“In under a year, White & Case has lost nearly 40 partners, most of whom have the largest books of business in the firm,” according to one source. “Many of the partner departures have been widely covered by the media — e.g., the 13 departures to Latham in London — but many more have been under the radar screen.”
We’ve received divergent opinions, however, on the extent and significance of the partner losses. Some say that many of the partners who left are not major names and have limited books of business, and that 40 is far too high for the number of departures in the past year. According to the Lawshucks Lateral Tracker, at least 28 attorneys have left W&C since October 2009, but we don’t know the number for the trailing 12 months.
Who are some of the other White & Case lawyers that have left for other firms? What are the broader implications of these departures? And what does the firm have to say about all of this?
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 glamorous) by the explosion of online news sources. We know that law firm PR folks spend a healthy amount of time monitoring the legal blogosphere to do damage control for their firms. Another place they need to watch is Wikipedia.
The crowd-source encyclopedia has become the go-to reference site for most Internetters. Society’s sages often warn people not to take everything they find in Wikipedia at face value — since the information does not necessarily come from experts and is not systematically vetted — but that advice often goes unheeded.
Because Wikipedia is such an important source of information, and so easily edited, some try to manipulate entries to give them a positive or negative spin. Lawyers at certain firms have been found guilty of this before (e.g., Wachtell). Sometimes dueling manipulation of an entry reaches the level of what Wikipedia calls an edit war — when two or more editors are continually overriding one another’s changes.
The Wikipedia gods ordered an end to the war on the page of Latham & Watkins. BLY1 noticed that the page was put on lockdown. A note from the Wikipedia war god says:
NOTE: IF YOU HAVE COME HERE TO EDIT ABOUT LAYOFFS, THINK TWICE. EDITS MUST BE FACTUALLY VERIFIABLE, AND NEUTRAL. IF YOU ARE CONNECTED TO THIS COMPANY IN ANY WAY WE ADVISE YOU *NOT* TO TOUCH IT.
Someone kept inserting references to Latham’s layoffs and how hard hit first-year associates were. That info has now been scrubbed from the page.
We decided to take a stroll though the revision history of other law firm pages to see who needs to do clean up, and who has done clean up. Cravath, for example, had a very interesting description for a short time…
We’ve written before about partner departures from White & Case. Earlier this month, we discussed the firm’s Palo Alto office, which has recently lost some talent.
The latest partner to leave: patent litigator Jennifer L. Yokoyama, who has accepted an in-house position at Nike. Her departure from W&C is effective April 2.
“We are sorry to lose such a talented young partner in Jennifer,” said Bijal Vakil, executive partner of White & Case’s Palo Alto office. “Nike has a good eye for talent. We wish her and Nike well and look forward to remaining in contact.”
“It is a difficult decision for me to leave White & Case,” said Yokoyama. “It is a great Firm, and the Palo Alto office has an abundance of excellent attorneys and is a wonderful place to work. I could not, however, pass up the opportunity with Nike. It is a dream job for me and one that I could not turn down. I wish my friends and colleagues at White & Case continued success and will miss them dearly.”
Lucky little 3Ls with offers, are you dreaming of the Biglaw days that await you? If your firm didn’t tell you last summer that you would be deferred, you should be hearing about your start date soon… right?
Some people have started hearing news. Those heading to White & Case have not gotten start dates but they have heard about their deferral stipend. From a firm e-mail:
We are pleased to confirm that we will be paying a stipend of US$65,000 to students whose start dates have been deferred to Fall 2011. Almost all of you have accepted your offers, and we look forward to having you back at the Firm.
Some especially lucky little 3Ls actually know when they get to start…
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We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at firstname.lastname@example.org in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
The last time I flapped my wings your way, I tried to make at least enough noise about your mobile phone to make you more than a little bit uncomfortable. I hope I did. If enough of us become anxious enough about the known and unknown unknowns and knowns in our mobile phones, then we can start making wise decisions about how to manage that information and its resultant investigations.
Today, I’d like to put a finer point on the last installment’s topic by asking a question that seemed to catch most attendees off-guard at a conference panel that I moderated last week: is there discoverable personal information in a mobile app? Our panelists’ answer was a uniform “yes” with one stating that, if he had to choose only one type of data that he could discover from a mobile phone, he’d choose app data. Why? Because there’s simply so much of it and because almost all of it is objective – not just user-created like an email – but machine-tracked like GPS, usage duration, log in and log out times, browsed web addresses, browsed actual addresses. Also, most of us seem to have the idea that data doesn’t actually “stick” to our mobile devices the way it “sticks” to our hard drives. Maybe there’s a disconnect based on the fact that our phones are mobile so we assume the data is mobile to?
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