Money
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Biglaw, Boutique Law Firms, Money, Partner Issues, Partner Profits, Small Law Firms
Beyond Biglaw: 'Profits Per Me'
How much does the "profits per partner" metric matter? Some thoughts from boutique-firm columnist Gaston Kroub. -
Kids, Law Schools, Money, Student Loans
Father Ultimately Trolls Law Student Daughter
A daughter makes the mistake of listening to her dad -- and pays for it, dearly. - Sponsored
Generative AI In Legal Work — What’s Fact And What’s Fiction?
Zach Warren from the Thomson Reuters Institute discusses the potential and the pitfalls. -
Bankruptcy, Biglaw, Divorce Train Wrecks, Heller Ehrman, Law Schools, Money, Morning Docket, Partner Issues, Partner Profits
Morning Docket: 06.12.14
* In defense of its PPP metric, the editor-in-chief of the American Lawyer revealed a shocking statistic about Dentons: the firm’s PPP was likely down about 20 percent year over year. [Am Law Daily]
* A judge dismissed many of defunct firm Heller Erhman’s remaining unfinished business claims in the case against its former partners. Dewey know some partners who are thrilled? [WSJ Law Blog]
* From 2012 to 2013, NLJ 350 firms saw the rise of “other” attorneys — staff attorneys, of counsel, and lawyers who were neither associates nor partners. We’re living in lean times. [National Law Journal]
* “No one predicted there would be this kind of huge drop in applications.” Apparently law school deans thought prospective students would be thrilled about their lack of job prospects. [Hartford Business Journal]
* Shelly Sterling has asked a judge to rule that she can sell the Los Angeles Clippers over her husband Donald Sterling’s protests. We’re very eagerly awaiting their impending divorce train wreck. [Bloomberg]
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Advertising, Law Schools, Money, Pictures, Shameless Plugs, Student Loans, This Is an Ad
Law School Debt: An Infographic
An infographic about law school debt. -
Biglaw, Money, Partner Issues, Partner Profits, Quote of the Day
Leading Law Firm Calls Profits Per Partner Numbers 'Meaningless'
Law is a profession, not a business, so pay no attention to how much our partners make! -
Lawyerly Lairs, Money, Real Estate
5 Lessons I Learned From Buying A House In Westchester While Poor
I bought a house; learn from my errors. -
Education / Schools, Federal Government, Money, Politics, Quote of the Day, Student Loans
Law Professor Decides It's Time To Stop Ripping Students Off
President Obama offers a no-brainer. -
Law Schools, Money, Rankings, Student Loans, U.S. News
10 Law Schools Where Starting Salaries Outweigh Debt
Are these the law schools that'll give you the best headstart in life? - Sponsored
Law Firms Now Have A Choice In Their Document Comparison Software
Six months on since its launch, over 200 firms worldwide are now using Draftable Legal for accurate and reliable document comparison, including UK Top 50… -
Airplanes / Aviation, Federal Circuit, Federal Judges, Free Speech, Law Schools, Morning Docket, Police
Morning Docket: 06.06.14
* Federal judges frequently fly across the globe on other people’s dime for conferences and symposia, but 2012′s most frequent flyer is a judge who was recently embroiled in an ethics scandal: Randall Rader of the Federal Circuit. [National Law Journal]
* Even though she claims nothing is “fundamentally broken,” Securities and Exchange Commission chairwoman Mary Jo White proposed “sweeping” new stock market regulations in an attempt to get with the times. [DealBook / New York Times]
* U. of Maine wants to combine its business and law schools, but professors are concerned about pressing questions like, “What will the diploma say?” rather than, “Do I get to keep my job?” [Portland Press Herald]
* Law schools are seen as cash cows for their affiliated undergraduate universities, but this law school is hurting so bad for cash due to low enrollment the university is infusing it with millions. [Minnesota Daily]
* A Pennsylvania man is suing his local police department for First Amendment violations after he was arrested for cursing in front of officers. N.W.A has a song this guy would like. [Pittsburgh Post-Gazette]
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Biglaw, Bonuses, BuckleySandler, Money, Partner Issues, Partner Profits
Associate Bonus Watch: Who Just Announced Midyear Bonuses?
Which highly profitable Biglaw firm is sharing the wealth with its lawyers and staff? -
Adam Liptak, Biglaw, Legal Ethics, Media and Journalism, Money, New York Times, Quote of the Day
Biglaw Will Turn You Into A Big Jerk, Says Famous Ex-Associate
Will a Biglaw job turn you into a big a-hole? -
Biglaw, Billable Hours, Intellectual Property, Litigators, Mergers and Acquisitions, Money, Partner Issues
Which Biglaw Attorneys Make The Most Bank?
If you haven't changed your mind yet about your Biglaw career path, now would be a good time to do it. -
Bankruptcy, Biglaw, Divorce Train Wrecks, Family Law, Money, Partner Issues, Partner Profits
A Messy Divorce Offers An Inside Look At Biglaw Partner Pay
Divorce litigation reveals the partner pay structure at one leading law firm.
Sponsored
AI’s Impact On Law Firms Of Every Size
The Business Case For AI At Your Law Firm
Generative AI In Legal Work — What’s Fact And What’s Fiction?
Sponsored
Law Firms Now Have A Choice In Their Document Comparison Software
How Transactional Lawyers Can Better Serve (And Maintain) Their Clients
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Celebrities, Fabulosity, Lawyerly Lairs, Money, Real Estate
Lawyerly Lairs: Ronan Farrow's $1.5 Million Bachelor Pad
Ronan Farrow leads a charmed life; check out his $1.5 million apartment. -
Money, Small Law Firms, Solo Practitioners
Back In The Race: Teaming Up
How should you handle the tricky matter of referral fees? Here's one lawyer's approach. -
1st Circuit, Biglaw, California, Celebrities, Confirmations, Crime, Football, Gender, Lateral Moves, Law Professors, Law School Deans, Law Schools, Money, Morning Docket, Partner Issues, Texas, United Kingdom / Great Britain
Morning Docket: 05.23.14
* Congrats are in order for David Barron. The Harvard Law professor was confirmed to the First Circuit in a close vote (53-45), despite his apparent allegiance to our new drone overlords. [WSJ Law Blog]
* Another one bites the dust: Weil’s London banking leader Stephen Lucas decamped for Kirkland & Ellis. The firm retorted by saying: “We have got 40 finance lawyers left.” Aww, yay for you. [The Lawyer]
* We already know that state prosecutors are very poorly paid, but let’s go one step further and see if women are paid less than men. Shockingly enough, women are getting the shaft in Texas. [Texas Tribune]
* Dean Jack Boger of UNC Law is stepping down, but he’s proud of keeping legal ed affordable. “[B]y relative standards, we’re still doing that,” he said. It’s ~$39K for out-of-state students. [Chapelboro.com]
* O.J. Simpson’s lawyers submitted a gigantic legal doc in an attempt to get him a new trial for his armed-robbery case. Court word limit: 14,000. Words in the Juice’s motion: 19,993. Rules: LOL. [NBC News]
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Basketball, Biglaw, Cars, Google / Search Engines, In-House Counsel, Law Firm Mergers, Law Firm Names, Money, Morning Docket, Patents, Patton Boggs, Racism, Real Estate, Technology
Morning Docket: 05.19.14
* Partners from Patton Boggs and Squire Sanders may vote on their merger sometime this week. Get ready to say hello to Squire Patton, House of Boggs, Hodorific of Its Name. [Reuters]
* “[E]xcuse me, sir, you may not be here in five years.” Biglaw firms are becoming more “egalitarian” about office space because attorneys have expiration dates. [National Law Journal]
* After a flat year in 2013, and much to Biglaw’s chagrin, “[i]t is going to be harder to sustain year-over-year profitability gains.” Oh joy, time to power up the layoff machine. [Philadelphia Inquirer]
* Tech giants Apple and Google have called a ceasefire in their dueling patent suits in a quest to reform patent law — and so Apple can concentrate all of its efforts on suing the sh*t out of Samsung. [Bloomberg]
* GM’s in-house legal department is being heavily scrutinized in the wake of the car maker’s ignition switch lawsuit extravaganza. You see, friends, people die when lawyers don’t even bother to lie. [New York Times]
* Donald Sterling found a lawyer willing to represent him, an antitrust maven who thinks the NBA should take its ball and go home because “no punishment was warranted” in his client’s case. [WSJ Law Blog]
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Lawsuit of the Day, Money, Ted Olson
Lawsuit Seeks $2 Undecillion Dollars In Damages
Damages worth more than the value of the galaxy? -
Biglaw, Fabulosity, Facebook, General Counsel, Goldman Sachs, In-House Counsel, Twittering
Just How Rich Is Twitter's General Counsel?
The current and former general counsels to companies like Twitter, Facebook, and Goldman Sachs earn eight-figure sums. -
Bankruptcy, Biglaw, Document Review, LSAT, Lunacy, Money, Morning Docket, State Judges
Morning Docket: 05.13.14
* Lawyers for Jones Day got a light spanking in court after sending out some of Detroit’s confidential negotiation documents to its creditors. Quick, blame the doc reviewers. Oh wait, you already did. Nice work. [WSJ Law Blog]
* Cynthia Brim, the judge declared “legally insane” who collected a $182K salary for months without working, was booted from the Illinois bench. She’s the first member of the state judiciary to be removed in a decade. [Chicago Tribune]
* Massachusetts is instituting a $30,000 pay hike for state judges which will prime the pump for pension bumps and retirements. For the love of God, think of the poor ADAs next time, Massholes. [Boston Globe]
* The power of diagramming compels you! If you’re studying for the LSAT, here are tricks you can use when trying to exorcise the demons from the logic games section. [Law Admissions Lowdown / U.S. News]
* Prosecutors want Oscar Pistorius to undergo a psychiatric evaluation in order to urge the court to consider an insanity defense, even though Bladerunner’s legal team doesn’t intend to mount one. [CNN]