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Category: Law

The Return of the Electric Chair, Firing Squad and Gas Chamber

While the use and public approval of the death penalty has declined, and many prestigious law firms take on death row inmates as pro bono clients, some states are looking for a work around to continue executing inmates despite the recent shortage of the drugs used in lethal injections. Read More >

Do T14 Law Schools Produce Better Associates?

Not necessarily, according to associates who took Vault's annual law firm associate survey. Vault administered the survey earlier this year, and we are working hard to analyze responses from thousands of associates at over 120 firms to generate our 2015 rankings, to be released next month. In the meantime, here's a sneak peek of some of the gems we have collected from lawyers around the country about what it's really like to work in BigLaw. Read More >

What is Litigation Funding? Can it Work for You?

The high cost of litigation has often been lamented as the both the cause of strike suits filed with the intent to force defendants to settle and as a barrier preventing plaintiffs from pursuing meritorious claims. Litigation funding is unique new way to potentially resolve this problem. Essentially, a third party finances the litigation and receives a portion of the winnings, if any, in return. Read More >

Which Law Firms are Cashing in on the Donald Sterling Scandal?

If you turned on a TV, opened a newspaper or used the Internet this past week, you probably heard about the latest scandal in the NBA. A recording of Los Angeles Clippers owner Donald Sterling making racist remarks to his (then ?) girlfriend was leaked to celebrity gossip website TMZ and subsequently blasted across all media outlets. Advertisers started dropping their sponsorship of the team faster than John Wall and there were rumblings of fan protests. Read More >

Who's Burning the Midnight Oil for Pfizer?

Following last week's flurry of pharma deal activity, on Monday Pfizer announced its intention to acquire British drug maker and serious competitor AstraZeneca. The potential $100 billion dollar acquisition would be one of the largest pharma deals in history, topping Pfizer's $90 billion purchase of Warner-Lambert in 2000. Among other reasons (such as the tax benefits of doing business outside the U.S.) AstraZeneca's vast portfolio of cancer drugs makes it an attractive purchase. Read More >

Congrats to the 2014 Top Ten Family Friendly Firms

Vault is pleased to recognize the 2014 Top 10 Family Friendly Firms as determined by Yale Law Women. Yale Law Women's Top Ten Family Friendly Firms Initiative surveys the policies of law firms ranking in Vault's Top 100. The survey evaluates factors such as the billiable hour requirement, part-time and flex-time options, parental leave policies and child care availability. The survey looks at law firm policies and their utilization by both male and female attorneys. Read More >

Which Lawyers Are Lining Up for Botox?

OK, maybe not in the literal sense, but if you are an aspiring attorney interested in getting a piece of the pharma pie you can start salivating now. On Tuesday drug companies announced deals potentially worth a total of $74 billion, and the top law firms are all over that. Valeant Pharmaceuticals, a Canadian company, announced a $46 billion hostile bid for Botox-maker Allergan. The deal is backed by Valeant shareholder Pershing Square Capital Management, a private equity firm. Read More >

Does this Study Prove that Law Firm Partners are Racist?

So it turns out that partners at law firms are racist, and they don't even know it. The legal industry, particularly, BigLaw, has long struggled with diversity. While improvements have been made in the hiring of diverse associates, many law firms still fail to retain and promote minority and female associates. Read More >

Law Profs: Two-Year J.D. is a Terrible Idea

Two acclaimed law professors have made their case against the two-year law degree while attempting to quell fears that legal education is in crisis. With all the negative talk about dropping law school enrollment and in-debt, unemployed law grads, it's refreshing to hear a different perspective. Read More >

Maintaining Your Sanity During Law School Exams

As we meet mid-April, law students either find themselves in exam week lockdown or feverishly outlining while pretending to do their reading for their last few classes before exam week and solitary confinement officially begin. In my experience, there were three types of law students: (1) Over-prepared; (2) Do not GAF and (3) Just need one more day to study. Read More >

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