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Category: Law

Top 5 Law Firms for White Collar Defense

At the close of 2013, New York-based Kramer Levin-which ranked No. 22 in Vault's latest rankings of the top White Collar Defense firms-represented the former SAC Capital trader Michael S. Steinberg, who was convicted of insider trading and now faces up to 85 years in prison. Read More >

Dinr L8R PLZ XOXO ;) – Is it Appropriate to Send Personal Texts at Work?

With Valentine's Day looming, many young lawyers and law students may feel panic motivating them to start upping their text game to lock down that compulsory romantic February 14th date (or going radio silent to avoid the impending awkward allusions to dinner plans). I can only assume this exchange will be conducted via text, because I don't think cell phones have the capability to actually make calls anymore. Read More >

Challenge Yourself to Mindfulness at Work

It's midday Monday. Your coffee buzz is either just kicking in or it's already wearing off. Your inbox is filling up faster than you can say, "Is it the weekend yet?" The to-do list you had been so intent on plowing through is now your last priority after unexpected "emergencies" have come across your desk. Never mind Friday's deadline-you won't be able to think about that until at least Wednesday. Read More >

Finding Happiness and Practicing Law are Not Mutually Exclusive

I showed up for my first day of law school with my shiny new case books and 50 pages of perfectly typed notes in hand. I was eager, ready to espouse all of my knowledge about Vosburg v. Putney and, apparently, doomed. Rather than kicking off the class with a rousing discussion of 19th century shin injuries, the professor climbed on top of his soap box and proceeded to launch into a speech detailing the perils of a career as an attorney. I learned that (1. Read More >

Is Bigger Better? The Law Firm Dating Game Continues

As we reported in November, 2013 was a record year for law firm mergers, and the final results are in. The number of mergers rose 47% since 2012, with 88 combinations announced, according to data released by the legal consulting firm Altman Weil. Most of these deals consisted of smaller firms being acquired by larger firms at least five times their size. Notably, there were no mergers among AmLaw 200 firms announced in 2013, though there were talks-and then the talks crumbled. Read More >

Does Decreased Law School Enrollment Signal a Change in Legal Education?

Like rats abandoning a sinking ship, prospective law students appear to be fleeing in droves from the once hallowed halls of legal learning, if the American Bar Association's law school enrollment statistics are any indication of prospective student interest. Enrollment of first year law students at ABA-accredited law schools for classes that began in Fall 2013 was down 11 percent compared to enrollment for Fall 2012 classes. Read More >

Should You Consider a Law Firm Incubator?

With law school enrollment rates down 24 percent since 2010, it's no secret that the legal job market is hardly bursting with opportunity. Finding a job with a firm has become increasingly difficult, if not impossible, for many recent law school graduates. Some combat this problem by hanging their own shingles, but the business of starting a firm can be daunting. Read More >

Happy Bonus Season?

News on law firm bonus announcements abounds. With Cravath kicking off bonus season on Monday, December 2nd, other firms are quickly jumping on the bandwagon. Each year Cravath is the first firm to announce the amount of annual payouts, and most of its BigLaw peers follow suit. The magic dollar range this year is $10,000 (for the class of 2012, and pro-rated for the class of 2013) to $60,000 (class of 2005). Read More >

2013: The Year of the Law Firm Merger

Citing irresolvable conflicts of interests between their respective government clients, yesterday Orrick (#37 in the Vault Law 100) and Pillsbury (Vault Law #60) called off their anticipated mega-merger that would have created one of the 10 largest U.S. law firms. Read More >

Adjusted Expectations: 5 Women on Big Law, 12 Years Later

Five women, all embarking on law careers at Debevoise & Plimpton, reflected on "ambition, leadership and success" for the September 9th, 2001 issue of the New York Times. Unsurprisingly, they sounded confident, modern, full of energy, and boundlessly optimistic about their career possibilities as women in a male dominated field-especially at the high levels they aspired to. That was 12 years ago. Has big law changed? Read More >

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