Associate Bonus Watch: Akin Gump
The perfect bonus announcement: positive and straightforward, pleasing to associates but not disruptive to the market.
The perfect bonus announcement: positive and straightforward, pleasing to associates but not disruptive to the market.
Why are folks so happy about the bonuses at Akin Gump?
Most law firms, big and small, that have adopted AI are making the same mistake: they bought a tool for their lawyers and called it a strategy.
Which law firm prevailed in our 2013 holiday card contest?
Which of these law firm holiday cards is the best of 2013? Cast your vote!
Which law firms -- large and small, domestic and international -- are supporting Philippine typhoon relief efforts?
* Will adjudicate for food? With a little more than one week until the end of the fiscal year, the federal judiciary is facing down a “worst-case scenario” with respect to its budget. [National Law Journal (sub. req.)] * An unremarkable percentage of firms are led by women lawyers, but Kim Koopersmith of Akin Gump awaits a day when being a first woman in law won’t be “newsworthy.” [Capital Business / Washington Post] * Law firm merger mania, Heartland edition: Stinson Morrison Hecker did the do-si-do with Leonard Street & Deinard and will promenade home as Stinson Leonard Street in January. [WSJ Law Blog (sub. req.)] * Hearts are breaking on either side of the nationwide same-sex marriage debate, and county clerks are bearing the brunt of all the complaints. When will all states “bit[e] the bullet” and legalize it? [Reuters] * “The last time I went into court, I was wearing something that I got at Goodwill.” It turns out even geniuses are stupid enough to rack up hundreds of thousands of dollars in law school debt. [Los Angeles Times]
Legal and operational leaders are gathering May 6–7 in Fort Lauderdale to confront the questions the industry hasn't answered—with a keynote from Amanda Knox setting the tone.
A look how the Biglaw firms of Texas stack up, based on the ATL Insider Survey.
Senator Grassley asks federal judges to rat out their colleagues. Should the D.C. Circuit be run like a fast food restaurant comment box?
* Hiring a Supreme Court clerk might not be worth a $500,000 gamble for some Biglaw firms. Some will take that sweet sign-on bonus and remove their golden handcuffs before a year is out. [Capital Comment / Washingtonian] * Akin Gump partner and D.C. Circuit nominee Patricia Millett won approval from the Senate Judiciary Committee by a margin of 10-8 along party lines, and now her nomination will head to the full Senate for a vote. [Huffington Post] * President Obama nominated Michelle Friedland and John Owens, two young Munger Tolles & Olson partners, for seats on the Ninth Circuit. If confirmed, that’ll make three partners from the same firm on the bench. [The Recorder] * Sorry, law firms, but it’s no longer cool to inflate hourly billing rates for contract attorneys when you pay them substantially less. You can thank Ted Frank for this judicial revelation. [WSJ Law Blog] * The ABA Task Force on the Future of Legal Education thinks that just about everything having to do with law schools is “deeply flawed” and needs “serious re-engineering.” How comforting. [ABA Journal] * Law School Transparency is willing to assist schools with the reporting of their ABA post-graduation job placement statistics, for a price. How much is integrity worth these days? [National Law Journal] * For $25K, Casey Anthony’s bankruptcy trustee won’t make her sell the worldwide rights to her story — like her theory of the crime she was acquitted of, it “exists solely within [her] mind.” [Sun-Sentinel]
* The cop who became a global internet meme for pepper spraying protesters at Berkeley is now appealing for worker’s comp, arguing that he suffered psychiatric injury. Pray for him. [Lawyers, Guns & Money] * Ariel Castro has pleaded guilty. Professor Douglas Berman suggests that the death penalty may have made this possible. An alternative theory is that Castro doesn’t think being locked up in a tiny space for years on end is all that bad. [Sentencing Law and Policy] * Navigating the archetypes of expert witnesses based on The Office. [The Expert Institute] * Lawyer arrested for bringing meth into a courthouse. I’d say “better call Saul,” but this sounds more like something Saul would do. [Press Democrat] * An Akin Gump partner, James Meggesto, is in hot water for Tweeting his disdain for a congressman and a Native American chief. For the record, when a tweet opens with “Resisting urge to tweet…”, you’ve failed. [Politico] * This story actually reminds me of the plot to the new BSG series — a networked house can easily be hacked by cylons. Or in this case, Kashmir Hill. [Forbes] * New York’s energy regulations are increasing demand for energy-efficient solutions. The most efficient thing about my apartment is finally getting a break in the heat. [Breaking Energy]
Takeaways from a Legalweek panel on evolving malpractice risks.
Is your firm financially sound? A noted law firm consultant explains "the myth of partner capital."
Which firm is revamping its capital structure, and what is it doing?
* Apple has lost the e-books trial. Didn’t see that coming after Apple’s lawyers ripped the government’s witnesses. [New York Times] * Vault released its Regional and Practice Area rankings. Yeah, we get it Wachtell, you’re awesome. [Vault] * Who ever said losing at the Supreme Court was the end? Myriad is suing to enforce its patents in the BRCA1 and BRCA2 genes. [Patently O] * Woman caught on camera planning her husband’s murder because it’s “easier than divorcing him.” Fair enough! [Lowering the Bar] * Senators pledging to block court nominee “irrespective of [her] very fine professional qualifications.” Oh. [The Blog of the Legal Times] * Some jurisdictional nerdiness regarding EPIC’s original filing seeking mandamus, prohibition, or certiorari from SCOTUS to review a FISA judge. [Lawfare]
* Akin Gump partner Patricia Millett is willing to take a whopping pay cut to serve on the D.C. Circuit — from $1MM to $184K — and for that alone she should be confirmed ASAP. [National Law Journal] * With the number of law firm mergers in the last six months alone, we’re on a “potentially record-setting pace” for 2013. Hey, look at it this way: it’s cheaper than hiring and firing laterals. [Am Law Daily] * Three years later, the epic litigation between Debevoise & Plimpton and a former client continues to rage on. Now, allegations are being tossed around about a partner’s behavior. [New York Law Journal] * According to the Bureau of Labor Statistics, in June, the legal industry lost more jobs than it has in a single month since June 2011. Congrats, Class of 2013! welcome to the real world. [Am Law Daily] * In its defense, Standard & Poor’s claims its ratings were puffery, and that no reasonable investor would rely on them. Aww, poor widdle “sophisticated consumers of [investment information].” [Bloomberg] * For those of you practicing personal injury law in New York, this case is a bombshell. If you want to put the whole insurance industry on trial, follow the action here. [New York Personal Injury Law Blog] * Sarah Jones, the ex-cheerleader who sued TheDirty.com for defamation, was back in federal court yesterday for the beginning of her case’s retrial. What a way to start an engagement. [ABC News]
Which lawyers were honored on this year's list? And why are female attorneys so poorly represented?