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Tuesday, September 1, 2009

The Hours Follow-Up: If you're looking at less than 1600 in 2009, you're not alone.

The Hours Follow-Up: If you're looking at less than 1600 in 2009, you're not alone.

billable hours for 2009.jpgMany of our Biglaw friends have been biting their nails over hours this year. Lawyers are not worried about making bonuses at the end of the year. They're worried about keeping their jobs. Last week, we invited you to share your hours' outlook for 2009 and to see how you compare with fellow anonymous ATL readers.

One astute commenter pointed out:

Has it dawned on anyone that people billing solid hours aren't taking the time to take ATL surveys?

This survey will be less reliable than my balls.

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A Fish Out of Austin: Fish & Richardson Closes Austin Office

A Fish Out of Austin: Fish & Richardson Closes Austin Office

Fish Richardson logo.jpgAs a New Yorker, people often tell me that Austin is "the oasis of Texas." I think they mean that Austin is a culturally progressive blue city in middle of a red state.

I hope they don't mean that Austin is a great place to practice law.

On Friday, Fish & Richardson announced plans to close its Austin office. This marks the second major law firm to get out of Austin this summer. Weil Gotshal has already announced plans to close its Austin office.

The Austin Business Journal described the importance of Fish & Richardson to the local legal market:

Fish, which opened its Austin office in 2005, currently has 28 attorneys and a total staff of approximately 68 locally. A spokeswoman in the firm's Boston headquarters confirmed the firm will close the office on Dec. 31.

According to Austin Business Journal research, Fish & Richardson is the 16th largest law firm operating in the city, ranked by number of attorneys. Fish reported firmwide revenue of $420 million in 2008. Some of the firm's clients include Microsoft Corp., Google and Freescale Semiconductor Inc.

Are Austinites ready to make the move to "regular Texas"?


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Nationwide No Offer Watch: Look to the Left, Look to the Right, One of You Will Not Be Working At Cadwalader

Nationwide No Offer Watch: Look to the Left, Look to the Right, One of You Will Not Be Working At Cadwalader

no offer factories.jpgLate last week, offer calls went out to those who summered at Cadwalader. We now have the firm wide offer rates. Compared to some other firms, it's really not so bad.

Here is the information from a firm spokesperson:

Cadwalader made offers to approximately two thirds of our 2009 Summer Associate Class.

Cadwalader went through its layoffs early and often. People who summered at CWT had to know that the firm isn't one to defer associates. Instead, Cadwalader recently asked some of its laid off associates to comeback ... as contract attorneys.

Given all of that history, a 66% offer rate seems pretty good. In fact, even some of the CWT summers that were no offered didn't sound too angry about the situation. One no offered summer described it this way:

The hiring partner was very nice about it, and offered to serve as a reference when I pursue other jobs, and I was repeatedly told that it was for purely economic reasons ... I was upset, but I understand what the economy's like right now, and I'll be ok, may just take a while.

Things could be worse. Good luck with 3L recruiting, CWT friends.

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Prelude to a Kiss

Prelude to a Kiss

sweet hot justice logo.jpg[Ed. note: The following piece was authored by The Legal Tease, of Sweet Hot Justice fame. Check out her other musings from Sweet Hot Justice here.]

I may not be a doctor, but I can spot a good epidemic when I see one. No, I'm not talking swine flu. Or Mad Cow. I'm talking about a bug that's more contagious, more debilitating. A bug that seems to be tearing through scores of Big Law associates faster than you can say "stealth layoffs." As much as I've tried to find one, there's just no immunization you can get to ward this one off-and it looks like my fellow Big Law drones haven't found one, either. The plague in question? Young female associates getting themselves embroiled in ridiculous sexual situations with vile, insane partners. And as far I can tell, a cure is still a long way off.

If you've spent any time clicking through the annals of humiliation catalogued on this site, you've probably noticed that I'm no stranger to this particular epidemic. The latest episode, though, focuses on my friend, Kirsten, a Big Law mid-level employment litigator trapped in the body of a hot stripper. You may remember Kirsten from her recent and unfortunate dip into married territory-as a visitor, not a local, alas. After that inevitably disastrous affair wrapped itself up, Kirsten did what any heart-bruised, if not quite heart-broken, Big Law associate would do: She planted herself at the office 24-7 and figured, hey, if I can't get laid, I might as well get hours.

And she did. As luck would have it, she also got the attention of a new lateral employment partner to her firm, Martin. Now, let's paint a quick picture here: When I say Kirsten is hot, I don't mean lawyer-hot; I mean fantasy-league, blonde bombshell, silicone-enhanced hot-hot. Martin, on the other hand, could pass for Ben Stiller's pudgy older cousin-on a good day. Still, when he began stopping by Kirsten's office every night to chat, some combo of charm, partnership units and daddy issues sparked a crush in her. More than anything, though, after dating a string of unemployed aspiring man-whores, she cherished the attention. And when she found out that Martin had recently been handed divorce papers by his starter wife, she was smitten.

After a couple of weeks, the office pop-ins turned into weekly after-work cocktails. This was more than just flirtation, she told me; this was a real connection. They would have long, soulful talks about everything from firm politics to past relationships to the devastation of rejection. The only problem, though, she said, was that Martin was a supervising partner in her small department, and she felt he was holding back on making a move because he was, well, her boss...and an employment litigator. But when he asked if she wanted to accompany him to a black-tie fundraising event that the firm was co-sponsoring, she knew that they'd reached a turning point. This was his way of testing the waters, of stepping out with her in a formal, open setting. This was big.


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