Quinn Emanuel Urquhart & Sullivan has increased its clerkship signing bonus to $105,000. Clerks who complete two qualifying clerkships would get an additional $20,000 bonus.Above the Law and Law360 had the story. On Tuesday, Above the Law published a form letter from Quinn Emanuel sent to a number of federal law clerks. Quinn Emanuel confirmed to both publications that the letter is accurate.“It came to our attention that one of our competitors had raised bonuses, and we decided it made sense for us to match them,” name partner A. William Urquhart told Law360. “A lot of our very best associates come to us following judicial clerkships, either at the district court or circuit court level. We really are in need of additional associate help, so it made sense to us.”This isn’t the first time the law firm has increased its signing bonus for clerks. While most other firms have not increased their signing bonuses for federal clerks past $50,000 ever since the … [Read more...] about Law firm increases clerkship bonus to $105K
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In 2013, a handful of large law firms started accepting payments in bitcoin. Today it’s more commonplace—lawyers understand cryptocurrency better. ethics authorities have weighed in on accepting bitcoin payments. And digital-currency clients seeking legal representation wish to pay their fees this way.“If I’m willing to accept it, it’s easier and in a lot of ways better for me, because I can get more rapid payment,” Carol Van Cleef, a Washington, D.C. lawyer who has represented cryptocurrency clients for a decade, told Legaltech News.A possible downside of bitcoin is its volatility—the value of a single bitcoin, thus your fee, can change from day to day, depending on when you convert it to cash.This week, we’d like to ask you: Do you or your law firm accept bitcoin or other cryptocurrency for payment? If you have never had a client offer to pay with digital currency, would you take such a fee payment if it were offered?Answer in the … [Read more...] about Do you or your law firm accept bitcoin or other cryptocurrency for payment?
Last fall, MacKenzie Dunham was a law student working at a personal injury firm in Houston when one of the firm’s two partners called the office to say their car had been broken into and he would not make it in. Not worried, the partner mentioned that among his stolen belongings was a MacBook he used for work.This was when Dunham realized the theft was not just a nuisance—it was a major breach of client documents.With no stated firm policy, he leaped into action by rejecting the computer’s access to the firm’s various online accounts and remotely wiped the machine. “I just did what I could to minimize [the breach],” Dunham says. Without his efforts, “the person that had the laptop would have access to client files.”After the incident, Dunham created the firm’s first security policy and made sure all firm devices were trackable and able to be remotely wiped.Now a staff attorney at Access Justice Houston, a nonprofit law firm he … [Read more...] about Simulations test law firm system security
A Washington, D.C, law firm is asking applicants for an associate position to demonstrate their “expositional prowess” by submitting an essay that requires some literary knowledge.Intellectual property boutique Fisch Sigler says it’s looking for “an artisan of prose” who is “versed in the very best writing, from the present and antiquity.” Candidates should submit three legal writing samples, and are invited to go further by providing an essay. The description of the optional essay is on the firm’s LinkedIn page:“The Pulitzer Prize for Fiction recognizes many of the greatest stories found between bound covers. But the Pulitzer Board has also passed over some well-known literary works. In 750 words or less, please make the case why the Board should or should not have awarded a Pulitzer Prize to one of the following novels: The Great Gatsby, Invisible Man, or The Handmaid’s Tale.”It’s not the first time that the law … [Read more...] about Boutique law firm seeking ‘artisan of prose’ invites essays that make case for Pulitzer Prize losers
The average lawyer is billing 156 fewer hours today than 11 years ago, costing firms an average of $74,100 in lost revenues per lawyer each year, according to the report. The report bases the calculation on an average rate of $475 an hour.The Center for the Study of the Legal Profession at Georgetown University Law Center and Thomson Reuters Legal Executive Institute released the report on Wednesday. The report can be downloaded here; a press release is here.The challenges include flat demand for law firm services, flat to declining profit margins, weakening collections, falling productivity, and loss of market share to alternative legal service providers and others.Productivity fell as a result of flat demand and a 1.3 percent increase in lawyers at U.S. firms. The slump in productivity reflects a trend that has persisted for several years, according to the report.When the next downturn comes—and it could be just around the corner after eight years of economic … [Read more...] about Declining productivity costs law firms an average of more than $74K per lawyer, report says