In the world of Biglaw, the subject of bonuses is a hot-button issue. People will disagree, often vehemently, on whether the bonuses paid by a particular firm are generous or cheap. Some of our recent bonus posts have generated salient updates and dissenting opinions. After the jump, we bring you postscripts regarding bonuses at several major law firms, including Cravath, Kaye Scholer, Quinn Emanuel, Sidley Austin, and Weil Gotshal....
* Most Americans can look forward to a tax increase in 2012 because our elected officials would rather bicker with each other than do their jobs. Happy freakin’ New Year! [Los Angeles Times] * Duncan Law’s dean sheds some light on why the ABA might have denied the school provisional accreditation. Come on, what’s not […]
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I’m much more likely to throw away a gift or give it to charity than to regift something I already have or don’t want. I think I’d live in fear of the original gift-giver meeting up with the regift recipient and talking about how I was a bad friend for orchestrating the whole mess. I’d […]
* It’d be easy to say “a former Tea Party candidate posted about assassinating the President.” But it’s probably more accurate to say a crazy, racist, loony person scrawled something naughty on Facebook and is now in trouble. [Huffington Post] * I’d like to buy this, and then use it to TP Herman Cain’s house […]
As much Valerie Katz loves her a holiday party, she does believe there are certain rules one must follow. She cannot promise that she observes these rules herself, but as the saying goes, those who cannot do, teach. And with that, here is a guide for how to behave at the office party....
Lateral interview season is about to kick off. You’ll likely see several law firm vacancies pop up early in the new year as firms struggle to find replacements for attorneys who jump ship after receiving their year end bonus. In preparation for the upcoming interview season, the recruiters at Lateral Link have compiled a list […]
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Over the weekend, the New York Times unleashed a feature article about the role of the American Bar Association in keeping the cost of legal education absurdly high. The school profiled in that article was Duncan Law School, which was seeking provisional accreditation from the ABA. The article came out in print on Sunday. Everybody talked about it on Monday. And today, on Tuesday, the ABA denied Duncan its provisional accreditation....
Since time immemorial (or at least since the advent of computers), PCs have ruled the law office technology world. As iPhones and iPads have become more popular, Apple products have begun encroaching on the PC’s long-standing dominance of the workplace. But who would’ve thought that Apple would actually be taking over, even in the technophobic […]
[A] law school could literally burn a huge sum of money and, as long as the flames were meant to teach something to the students — the craziness of the U.S. News algorithm, perhaps? — the school would benefit in the rankings. — New York Times journalist David Segal, responding to a reader’s question in […]
This actually happened last Wednesday — but, due to the less-than-exciting nature of the news, we doubt anyone has been prejudiced by our delay in reporting it. The law firm of Dewey & LeBoeuf announced associate and counsel bonuses, on the Sullivan & Cromwell scale (i.e., the Cravath scale, but topping out at $42,500 instead […]
Takeaways from a Legalweek panel on evolving malpractice risks.
You know that it's the holiday season when your inbox begins to fill up with holiday cards. Some are cute, some are clever, some are heartfelt, and some come from people and companies you don't even remember meeting or doing business with. So what happens when a law school sends out a holiday card, but completely botches it?
Schulte Roth & Zabel really came up with a creative way to make this terrible bonus season even worse for SRZ associates. Schulte is matching the Cravath scale, but not all at once. Half of the bonus is being paid now, the other half in March. It's Schulte's way of issuing a retention bonus without actually spending any extra money....
What draws people to the practice of law? Some do it for the paycheck, some do it for the prestige, and some do it for the excitement and fun of it all. Veteran New York litigator Edward Hayes belongs firmly in the final camp. Although he has amassed fame and fortune over almost four decades of practicing law, his legal career reflects a quest for adventure. And what adventures Hayes has had....
* The Supreme Court will hear oral arguments on Obamacare over three days in March. Let’s fast forward to June so we can see how Election 2012 is going to turn out. [Blog of Legal Times] * The Grinch definitely stole AT&T’s Christmas this year, and even a team of Biglaw superstars couldn’t save the […]
Over the weekend, I had dinner with a friend of mine who used to work as a paralegal at a small law firm. She told me about how one year, for the holidays, all the lawyers chipped in to get her a gift certificate to a spa, so she could get herself a massage. I […]