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Biglaw Firms Learning The Hard Way That Some Billables Just Aren’t Worth It
And how far can you stretch this for a party?
And how far can you stretch this for a party?
This is not a great look for a Biglaw firm.
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There's also the matter of the faked invoices.
More bad news from the Biglaw trenches.
This story has all the elements of a legal ethics classic.
Are you trying to troll these associates?
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* Fried Frank is closing down its Hong Kong and Shanghai offices because they were costing the firm more money than they were bringing in. What'll happen to the lawyers who work there? Most of them will be huòdé dìyù. [Am Law Daily] * Not everyone can match the New York market when it comes to Biglaw bonuses. According to disputed rumors, associates in some practices of at least one Chicago law firm didn't receive any bonus at all. Which firm? [Crain's Chicago Business] * We often complain that women are getting the short end of the stick in Biglaw, but today we've got a nice little caveat. At some large law firms in at least one city, more women are making partner than their male counterparts. [National Law Journal] * UVA hired Pepper Hamilton to consult on its inept handling of sexual assault cases while O'Melveny & Myers deals with its Rolling Stone gang rape allegations. Collars shall be half-popped until the school gets serious about these issues. [Newsplex] * Whittier Law, home to one of the worst full-time, long-term employment rates in the country, hopes to give grads a "legal leg-up" with its new solo incubator program -- because "[e]ducation and training doesn't end when they graduate." [Daily Pilot] * Wet Seal joined the ranks of teen retailers like Deb and Delia's when it dumped lots of locations and filed for Chapter 11. New code provisions might've sped things along, but like, being a debtor-in-possession is totally uncool. [DealBook / New York Times]
* The latest Vault 100 rankings are out, and it’s time to find out which Biglaw firm is the most prestigious in all the land. Is it Wachtell? Is it Cravath? We’ll have the answer for you, and much more analysis, later today. [Vault] * An former office manager at Vedder Price has been accused in a $7M embezzlement scandal. She allegedly used the money to buy “lavish homes, numerous vacations” — it’s as if she were trying to live like a partner. [ABA Journal] * Since the Redskins’ trademark was canceled by the Patent and Trademark Office, sports fans are wondering whose offensive team name is next. The Cleveland Indians might get scalped. [WSJ Law Blog] * According to ALM Legal Intelligence, paralegal pay is on the rise, and it’s almost $80/hr in top roles. Why should new attorneys care about this? Because they’ll probably have to work as paralegals. [ALM] * Double the deanships, double the fun: Penn State Law’s campuses have been approved by the ABA to become separately accredited locations. We’ll take bets on which one closes first. [StateCollege.com]
Yet another large law firm is making significant cuts. Which one is it this time?
* With the Supreme Court’s term winding quickly to a close, it’s likely that conservative justices will write for the majority in some of the most closely watched and controversial cases. Uh oh. [Washington Post] * Judge Edward Korman, the man who slapped around the FDA like it owed him money in a ruling over access to the morning-after pill, is actually a very soft-spoken, kind-hearted fellow. [New York Times] * Wherein a Chicago Law professor and a Vedder Price partner argue that instead of cutting law school down to two years, financial aid should be given out like candy. Hey, whatever works. [Bloomberg] * Brooklyn Law’s got a whole lot of drama these days: Their president is stepping down, their dean is apparently still a full-time partner at Patton Boggs, and a law professor is suing over alleged ABA violations. [New York Law Journal] * That’s not the only New York-area law school awash in scandal. Chen Guangcheng has received the boot from NYU Law due to alleged harm done to the school’s relationship with China. [New York Times] * When questioned about the need for his school, Indiana Tech’s dean says the lawyer oversupply and lack of jobs don’t matter. It’s about the quality of the graduate. Good luck with that! [Journal Gazette] * This came too soon (that’s what she said). The alleged porn purveyors at Prenda Law will close up shop thanks to the costly litigation surrounding their copyright trolling. [Law & Disorder / Ars Technica] * Fort Hood shooter Maj. Nidal Hassan won’t be allowed to use a “defense of others” strategy in his murder trial, because not only does it fail as a matter of law, but it’s also ridiculous. [Associated Press] * Harvard Law grad Cate Edwards, daughter of disgraced pol John Edwards, took a dramatic step away from her father’s tabloid-esque pubic interests by opening her own public interest firm. [WJLA ABC 7] * Judge Thomas Jackson, well-known for his antitrust ruling against Microsoft, RIP. [New York Times]
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