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Category: Law

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 >

The Partner Track: Dare You Proceed?

The American Lawyer recently published its 2013 New Partner Survey, shedding light on how it really feels to reach the supposed Holy Grail of BigLaw. The survey gathered responses from nearly 500 attorneys at AmLaw 200 firms who joined the partnership ranks between 2010 and 2013 and asked them to rate and comment on various criteria including compensation, how well their firms prepared them to be partner, and general career satisfaction. Two-thirds of the respondents were men. Read More >

Meditate Your Way to Success

Besides fame, what do George Stephanopoulos, 50 Cent and Lena Dunham have in common? According to an article in last Sunday's New York Times, they all practice meditation. The article profiles a program called Wisdom 2.0, a series of panel discussions and conferences with a waiting list in the hundreds that teaches professionals "how we can live with technology without it swallowing us whole." Programs like Wisdom 2. Read More >

This Biglaw Memo Sounds Very "Mean Girls"

Sometimes, the most sexist and oppressive environments for women are created by, well, other women. Though this memo from a women's committee that recently circulated a top law firm does not enforce rules against vests or wearing a color other than pink on Wednesdays, its insulting level of micromanagement feels just as extreme. A few choice excerpts: -"Wear a suit, not your party outfit" -"Don't dress like a mortician; if wearing a black suit, wear something bright. Read More >

It’s Pro Bono Week! Which Firms Top Vault’s List?

This week lawyers nationwide are participating in the National Pro Bono Celebration, a week-long initiative launched by the American Bar Association's Standing Committee on Pro Bono and Public Service. Now in its fifth year, the Celebration unites bar associations, law firms, public interest organizations, and courts around the country to recognize the importance of pro bono work. Read More >

Court is Back in Session: Law School Advice from the Pros

The first Monday in October proceeded as usual this year, at least for the U.S. Supreme Court. In spite of the partial federal government shutdown, the court began its new term on Monday, October 7, and has announced that it will operate normally at least through October 18 (further announcement will be provided if the lapse of appropriations continues beyond that date). Read More >

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