
Lawyers Flee, Layoffs Follow After Biglaw Firm’s Pay Problems
Uh-oh! This firm is leaking lawyers like a sieve.
Uh-oh! This firm is leaking lawyers like a sieve.
Edwards Wildman is no stranger to mergers, but this tie-up with Locke Lord could be different.
Here’s What The Best Ones Are Doing Differently.
* "[I]t’s hard to find anybody as handsome as Antonin Scalia." Some would beg to differ, but as it turns out, legal scholar Bryan Garner can brown-nose with the best of them. [WSJ Law Blog] * For the third year in a row, Cooley Law graduates have mostly failed the July administration of the Michigan bar. So much for it being a "highly prestigious" law school. [Crain's Detroit Business] * In a lawsuit filed against real estate database Zillow, a former employee claims she was subjected to the "most heinous acts of sexual harassment imaginable" and "sexual torture." That's just lovely. [LAist] * Law firm merger activity is still going strong as 2014 winds down to a close. Aside from big-name tie-ups like Bingham / Morgan Lewis and Locke Lord / Edwards Wildman, other firms like Verill Dana also had the urge to merge. [Am Law Daily] * "Does it really surprise me? Not all that much." University of Memphis School of Law students are on high alert during finals time after one of their own was almost robbed at gunpoint across the street from campus this week. Yikes. [WMC Action News 5] * In case you've been sleeping under a rock, Above the Law's managing editor, David Lat, wrote a book called Supreme Ambitions (affiliate link), and it's been receiving rave reviews. If you dig clerkship lit, you should try to check it out. [National Law Journal]
When will the merger go into effect, and how big will the post-merger firm be?
* As mentioned earlier, the Sixth Circuit upheld same-sex marriage bans in four states. Judge Martha Craig Daughtrey’s dissent is a very fun read because it’s dripping with sarcasm. [WSJ Law Blog] * Sentencing has been delayed for Dzhokar Tsarnaev’s friends during the pendency of the Yates case at SCOTUS. Like a grouper, a backpack may not be a “tangible object.” [National Law Journal] * Bingham McCutchen and Edwards Wildman Palmer are planning to shed lawyers and staff members in anticipation of their proposed mergers with Morgan Lewis and Locke Lord. Ouch. [Am Law Daily] * Weekend reading? ATL’s managing editor, David Lat, reviews Blindfolds Off (affiliate link), an interesting collection of interviews with judges about how they decide their toughest cases. [Wall Street Journal] * Everyone, please stop what you’re doing. Jeffrey Toobin has discovered that law schools are in trouble, and he’s on the case. You can read more information about this new phenomenon here. [The New Yorker] * Adam Tang, the man who drove a 26-mile loop around Manhattan in 24 minutes, was convicted of reckless driving without being present. Check out the video of his crazy drive, after the jump. [ABA Journal]
Who is leaving Edwards Wildman, and what implications might this have for the Locke Lord transaction?
A survey of professionals reveals the impact of legal work, clients, concerns, and future roles.
Size matters in Biglaw.
How do the firms compare financially, and what would the new firm be called?
Which law firm just cut dozens of employees, both lawyers and staff, across 10 offices?
Do you think lateral hires are killing your firm? Maybe you should consider getting out while you still can.
This tweak to your financial management seems like a no-brainer.
In the words of one expert, "given the rise of the machines, human labor is worth less and less in the marketplace." Cue the latest news in staff layoffs....
* Without issuing any reasoning, the justices of the Supreme Court gave a thumbs down to New York’s “de facto ban” on carrying guns in public, prompting members of the National Rifle Association to poop their pants. [New York Times] * Now that Mary Jo White is the chief of the Securities and Exchange Commission, Debevoise has picked her successor to act as co-chair of the litigation department. Congratulations go out to Mary Beth Hogan. [DealBook / New York Times] * In its latest court filings, Ropes & Gray explains why failing to give its “token black associate” a recommendation letter wasn’t an act of retaliation. That’ll surely be an interesting read. [Am Law Daily] * A former client sues a major law firm, raising fraud, breach of fiduciary duty, and other claims. [Bailey & Glasser (press release and complaint)] * Boston Biglaw firms — like Dechert, Edwards Wildman, and Foley & Lardner — were “really shaken” by yesterday’s blasts, but report that all employees are safe and accounted for. [National Law Journal] * Six out of 10 of the 4,967 class of 2012 graduates from New York’s law schools were able to find full-time, long-term positions as lawyers nine months after graduation. Yay? [New York Law Journal] * Secrets, secrets are no fun; secrets, secrets hurt… someone’s wallet. Sorry, Jamie McCourt, but all of the secret MLB documents concerning the Dodgers’ $2 billion sale will remain secret. [Bloomberg]
How are things going over at Edwards Wildman, the entity created by the 2011 merger of Edwards Angell and Wildman Harrold? Not so well, say some....
* Six Supreme Court justices attended last night’s State of the Union address, and although it was all hugs and kisses and handshakes to start off with, some looked as if they were due for naptime by its end (coughRBGcough). [Blog of Legal Times] * It’s a clash of the Biglaw titans! In a face off between legal heavyweights, the Second Circuit has set aside time to hear arguments from Ted Olson and David Boies in the Argentine bondholder case. [Thomson Reuters News & Insight] * Dewey know if this document specialist’s Worker Adjustment and Retraining Notification Act lawsuit has got any legs to it? It certainly must, because Judge Martin Glenn very recently denied the failed firm’s motion to dismiss it. [Am Law Daily] * Congratulations to Paulette Brown of Edwards Wildman Palmer. This Jersey girl is the uncontested nominee for ABA president in 2015, making her the first minority woman to hold the title. [New Jersey Law Journal] * Send in the clowns (or loads of O’Melveny and Akin lawyers): Apple’s CEO, Tim Cook, has a low opinion of David Einhorn’s Greenlight Capital lawsuit, referring to it as nothing more than a “silly sideshow.” [Reuters] * “It is up to us in the academy to prepare our students for the future no matter what it holds.” Dean Frank Wu of UC Hastings seems to be on the right track when it comes to necessary law firm reforms. [Huffington Post] * Poor, poor Teresa Wagner. She was allegedly denied a job because of her conservative views, and her case ended in a mistrial. That kind of a thing could drive a woman to drink… and drive. [Iowa City Press Citizen] * Not only does Lehigh University ruin every college basketball bracket in the nation, but it also provides great “I’m suing you because of my crappy grades” fodder. Oh my God, I really miss you, Lehigh! [Morning Call] * Thanks to the wisdom of the Ninth Circuit, we now know that, at least in Washington, a spit-laden hamburger from Burger King is grounds for emotional distress damages. Ugh, that’s nasty! [WSJ Law Blog (sub. req.)]
* Florida: a place where people don’t care about your income tax returns. Mitt Romney dominated the state’s primary, grabbing all 50 of the delegates needed for the Republican nomination. [New York Times] * Entry-level hiring might be down, but lateral hiring is being approached like an NFL draft. Biglaw firms want the best of […]