Prestige

Alston & Bird

Non-Sequiturs: 11.26.12

* As soon as Mary Schapiro announced she was stepping down as chairwoman of the SEC, Obama nominated another woman to take her place. Congrats to SEC Commissioner Elisse Walter! [WSJ Law Blog] * In other breaking news that no one will care about now that bonus season is upon us, Justice Ruth Bader Ginsburg swapped out her neck doily for a blingy necklace from Glamour. [Josh Blackman's Blog] * You know what the ancient Romans would’ve hated more than watching the fall of the Roman empire? The Citizens United decision. Cato, Cicero, and Julius Caesar wouldn’t have been impressed with this. [Slate] * Why go to law school if you’re already doing well financially? Perhaps you’re just another prestige hunter. If you are, then all the better for you, because that seems to be what all of the law schools are selling these days. [Inside the Law School Scam] * Don’t cry for Argentina: they may be in the middle of a billion-dollar bond dispute, but the uber-prestigious lawyers on either side of the case (Boies; Olson) are enough to make you forget about their troubles. [Reuters] * A Biglaw attorney from Alston & Bird with a rare sleep disorder confronts Big Pharma and… doesn’t win. At least not yet. But on the bright side, she’s not sleeping for 18 hours anymore. [The Last Word on Nothing] * We’re honored to announce that Above the Law was named as one of the ten law blogs in the ABA Journal’s inaugural Blawg 100 Hall of Fame. Please click here if you’d like to help us win again this year. [ABA Journal] * After the jump, Bloomberg Law’s Lee Pacchia speaks with a Bill Lawlor, a Dechert partner, who claims that “hope springs eternal for M&A attorneys.” Will the mergers and acquisitions market begin to boom once again?

Biglaw

Apparently They Don’t Brand for Prestige

We like to talk a lot about prestige around here, but at Cravath, associates are learning that you can't spend "prestige points" on your student debt repayments. Branding is a little easier to take to the bank. It's something that firm managers and leaders work hard to develop and maintain that can directly lead to business opportunities. As we mentioned in yesterday's Morning Docket, Am Law Daily published an Acritas report on firm branding. The results will surprise the prestige conscious among you....

Biglaw

Inside Straight: How The Legal System Brands The Beef

Many prominent people have raised their voices about the increasing irrelevance of academic writing to practicing lawyers and judges. Yet, despite railing at the academy, those judges -- and law firms, and sophisticated purchasers of legal services -- all rely on the academics to identify talented lawyers. Law schools brand the beef, and purchasers buy based on the brand. Why is that process natural and appropriate?

Biglaw

The 2012 Vault Rankings: Proof Of Short Memories

On February 27, 2009, Latham & Watkins laid off 440 associates and staff. These official layoffs came after months of quietly and stealthily laying off employees. That year, Latham fell from #7 to #17 on the Vault 100 list of the most prestigious law firms. It was one of the biggest single year drops ever […]