Here are spreadsheets showing how much Dewey's 109 most highly compensated partners earned in 2011 and 2012, along with how much they are being asked to contribute in "clawbacks" under the "Partnership Contribution Plan." Enjoy!
* Dewey have some false expectations of success for this partner settlement agreement? Only one in four affected partners have signed on the dotted line, but advisers think the plan will win bankruptcy court approval. [Am Law Daily] * “There comes a point where the prospects of substantially increasing your income just outweigh everything else.” Even on his $168K salary, this appellate judge wasn’t rich in New York City, so he quit his job. [New York Law Journal] * The middle class needs lawyers, and unemployed law school graduates need jobs. The solution for both problems seems pretty obvious, but starting a firm still costs money, no matter how “prudent” you are. [National Law Journal] * “This is a time when law schools are trying to look carefully at their expenses and not add to them.” New York’s new pro bono initiative may come at a cost for law schools, too. [Thomson Reuters News & Insight] * Much to Great Britain’s dismay, Ecuador has announced that it will grant political asylum to Julian Assange of Wikileaks fame. Sucks for Ecuador, because Assange is known to not flush the toilet. [New York Times] * A smooth criminal gets a break: Michael Jackson’s father dropped a wrongful death suit against Dr. Conrad Murray. It probably would’ve been helpful if his attorneys could actually practice in California. [Washington Post] * Did Lindsay Lohan’s lawyers plagiarize documents from internet websites in their defamation filings against Pitbull? You can deny it all you want, but his lawyer is out for blood and sanctions. [New York Daily News]
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* What do Tiger Woods’s sexts, Anthony Weiner’s wiener, and the newsworthiness exception to copyright infringement have in common? They’re all in this colorful Ninth Circuit dissent. [National Law Journal] * Dewey have any idea when this “clawback” deadline will stop being extended? Partners have again been granted another extension to sign on the dotted line, but this time for only 48 hours. [WSJ Law Blog] * If your reason for resigning from your position as a congressman has to do with “increasing parenting challenges,” becoming the managing director of Biglaw practice group likely isn’t a wise choice. [POLITICO] * A shareholder suit filed against Goldman Sachs over mortgage-backed securities and early TARP repayment was dismissed. I didn’t watch the Daily Show last night, but I’m sure Jon Stewart had a great joke. [Reuters] * Musical deans? Hot on the heels of Jeremy Paul’s announcement that he was leaving for Northeastern, Professor Willajeanne McLean has been appointed as interim dean at UConn Law. [Connecticut Law Tribune] * Law school didn’t build that: as it turns out, a juris doctor isn’t as versatile a degree as it’s made out to be. Just because you managed to get a good non-law job, it doesn’t mean a J.D. helped you. [Am Law Daily] * Jaynie Mae Baker, the Millionaire Madam’s sidekick, has struck a plea deal with the DA. She won’t be going to jail for her adventures in high-class hooking, and might walk away without a criminal record. [New York Post]
* So, apparently law schools are admitting pretty much EVERYONE now. Because it’s all about the Benjamins, baby. [The Legal Whiteboard] * The most fascinating New York real estate cases of the 21st century. Because home is where your heart — and assets — are. [Commercial Observer] * Dewey want to offer former partners more money so they’ll agree to the proposed settlement? Yes, yes we do. [WSJ Law Blog] * Apple v. Samsung was back in court today. Check out this live blog to stay up to speed. [Mercury News] * An insightful piece giving pros and cons in the ol’ alternative fee arrangement debate. [InsideCounsel] * Want to work at the official law firm for the Olympics? Be prepared to round up Porta Potties and protect endangered newts. Hmm, maybe you should just stick to doc review. [Bloomberg] * Elie Mystal’s No.1 fan. Awww. [Law and More]
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* Dewey know why the deadline to sign up for D&L’s proposed “clawback” settlement for former partners has been pushed back again? This time, the liability release is at issue. [WSJ Law Blog] * In Pennsylvania, there’s been a spurt of lateral movement from people leaving in-house positions for law firms. Memo to laterals: you’re doing it wrong. No really, you are. [Pittsburgh Post-Gazette] * The Senate confirmed four nominees to the Privacy and Civil Liberties Oversight Board, but they won’t be able to do much because they don’t have a chairman. Oh, government. [National Law Journal] * Here’s a list of gunnerific tips for a successful first semester of law school. Too bad it’s missing the most important tip of all: read Above the Law daily. [Law School Admissions Lowdown / U.S. News & World Report] * With drinks flowing and asses shaking, Rick’s Cabaret can do no wrong — except when someone dies. The club’s drink-sales policy is currently the subject of a wrongful death lawsuit in Texas. [Houston Chronicle] * Chris Danzing will be attending and live tweeting the Apple v. Samsung trial today. Follow him! [Twitter]
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Who are the two Dewey & LeBoeuf partners who earned more than $6 million in the year leading up to the firm's bankruptcy filing?
How much did Dewey's executive director and chief financial officer earn in the months leading up to the firm's collapse?
Mid-year bonuses at... Dewey & LeBoeuf? Dewey kid? No, we're serious -- a bankruptcy judge just approved them.
* Dewey know whether this revised partner contribution plan will be well received? Well, from the looks of it, the firm’s executive committee members are being asked to repay a greater sum of money, so people will probably be happier. [Am Law Daily] * Arnold & Porter’s William Baer, the man nominated to lead the DOJ Antitrust Division, received a warm reception from the Senate Judiciary Committee, and it was all because of his “if it ain’t broke, don’t fix it” attitude. [National Law Journal] * What do you get when you cross a Biglaw patent associate from Steptoe & Johnson with an NFL Redskins quarterback? A pretty cool hobby, and a new Adidas commercial. [Capital Business Blog / Washington Post] * Up next in this judicial gong show, Madam Justice Lori Douglas’s lawyer has asked the Canadian Judicial Council to recuse itself and terminate the legal ethics inquiry against her client. [Full Comment / National Post] * You saw this coming: attorneys for the man identified as Victim 2 in the Jerry Sandusky trial have released voice mails allegedly left by the former coach, and plan to use them in a civil suit against Penn State. [CNN] * A lawyer’s former mistress who attempted to kill his wife on several occasions is expected to take a plea deal today in exchange for a 20-year prison sentence. Sounds like a soap opera plot. [Houston Chronicle] * “Don’t say another word, because you’re just pissing me off.” Former adjunct law prof Clark Calvin Griffith said some interesting things to a judge during his indecent exposure sentencing hearing. [Pioneer Press]
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* “There’s no future in working for Dewey & LeBoeuf,” but maybe if the firm’s few remaining employees can hold on for a little while longer, then perhaps they’ll be able to take home some bonus cash. [Am Law Daily] * Doctors in Arizona are trying to block part of a new law that makes it a crime for physicians to perform abortions after 20 weeks of pregnancy. Well, somebody wasn’t paying attention in Con Law. [Bloomberg] * All it took was an investigation by the Michigan Judicial Tenure Commission to get this judge to change his tune and apologize for throwing a lawyer in jail for the crime of representing his client. [WZZM] * What do recent law school grads think about Yale Law’s new Ph.D. program? Most aren’t willing to spend the time or money to “resolve [their] next career crisis by going back to school.” [U.S. News & World Report] * Come on, you’re not the 99 percent. Clinic members from NYU Law and Fordham Law wrote a report criticizing the NYPD’s response to the Occupy Wall Street movement. [Thomson Reuters News & Insight] * Wait, law schools are slow to adopt something that may benefit their students? What else is new? Corporate compliance classes are few and far between, even though they could get you a job. [WSJ Law Blog]
Don't look a gift horse in the mouth - unless it comes from the stables of Dewey & LeBoeuf.
* Dewey know how much Stephen Horvath has made since D&L went belly up at the end of May? Thus far, he’s raked in $190K, and that just covers his pay through the end of June. That’s only $1.97M a year, no big deal. [Thomson Reuters News & Insight] * You might not be able to get a full-time job in this economy, but if you’re a contract attorney with foreign-language skills, you’ll probably be able to land some pretty sweet Biglaw firm gigs, even if you’re just doing doc review. [Wall Street Journal] * Did the NCAA overstep its legal boundaries when sanctioning Penn State? At least one sports law professor thinks so, and he actually wishes that the school had challenged the scope of the sports organization’s authority. [CNN] * Wait, female Senate aides in Minnesota can have affairs with their superiors and get away with it, while male aides get fired for doing the same exact thing? That’s blatant sexism, and you should totally sue. [ABC News] * Rather than be “super boring,” this would-be Senator has dubbed herself “the diva of the district.” We know all about the Touro Law student who’s running for New York Senate. We’ll have more on this later. [POLITICO] * Law school debtor Jason Bohn was arraigned on first-degree murder charges, and entered a not-guilty plea. According to his attorney, Bohn apparently suffers from “extreme emotional disturbance.” [New York Post] * Know your rights? If you’re accused of hit-and-run and vehicular assault charges, it’s always a great idea to cry, repeatedly ask if you’re under arrest, and tell everyone that you’re a law student. [Spokesman-Review] * Well, this is graphic: the trials and tribulations of a law student interning at a law firm and blogging about all of the hot lesbian action she’s getting, including encounters with a co-worker. [Daily Intel / New York Magazine]
* Presidential campaigns for Election 2012 are focusing in on the Supreme Court and future appointments to the high court, and Vice President Joe Biden is really not a fan of Justice Scalia. [POLITICO] * Dewey know what the ramifications of D&L’s $50M insurance policy will mean for the resolution of the failed firm’s bankruptcy proceedings? Well, Steve Davis is probably happy. [Thomson Reuters News & Insight] * Howrey going to pay off all of our creditors? Probably by dipping into the coffers of the 70 other law firms that took on our defectors. Have fun with all of those subpoenas. [Capital Business / Washington Post] * The percentage of women in Biglaw partnership positions is up 2.8% since 2003, but the equity gender gap remains. At least some progress is being made. [National Law Journal] * “I thought your papers were terrific, I just disagreed with them.” Kleiner Perkins isn’t a fan of backhanded compliments, so the firm is appealing a judge’s decision to keep Ellen Pao’s case out of arbitration. [Reuters] * James Holmes, the alleged shooter in the Aurora movie-theater massacre, is scheduled to make his first court appearance today for an initial advisement. Thus far, he’s facing at least 71 charges. [Denver Post] * The class action suit filed against Cooley Law over its allegedly deceptive employment statistics has been dismissed, much like the NYLS lawsuit before it. More on the dismissal to come later today. [WSJ Law Blog] * “Sex isn’t going to buy me dinner.” Michael Winner, the attorney accused of offering “pro boner” assistance to female inmates, claims in an interview that the allegations against him are “just plain false.” [WSB-TV Atlanta]
* Dewey know why the deadline for agreeing to a proposed $103.6M settlement for former D&L partners has been pushed back? It looks like these people are still unhappy with the very thought of parting with their money. [Am Law Daily] * Four judicial nominees were approved by the Senate Judiciary Committee to fill federal district court positions in California, New York, and Pennsylvania. Now it’s time to hurry up and wait for a final vote on the Senate floor. [National Law Journal] * “This is a garden variety sex harassment case.” That may be true, but when you’re dealing with a high-profile venture capital firm, and the plaintiff is an ex-Biglaw associate, you’re probably going to get some really bad press. [Washington Post] * Opening statements in Sheriff Joe Arpaio’s racial discrimination trial were heard yesterday. Even “America’s Toughest Sheriff” might cower in light of plaintiff representation by Covington & Burling and the ACLU. [CNN] * Washburn University School of Law is planning to build a new facility for $40M. Unfortunately, the school will never be able to amass the funds needed to kill all the gunners, but we can still dream. [Kansas City Star]