Firm Snapshots

Chadbourne & Parke LLP

FIRM OVERVIEW

New York-based Chadbourne & Parke is highly regarded for its work in project finance, energy, mergers and acquisitions, products liability litigation, and insurance.  With over 400 attorneys in 12 offices across the U.S. and abroad, including offices in Almaty and Kyiv, the firm defines itself as a single, integrated partnership, rather than a U.S.-based firm with a network of overseas offices.  Lateral Link Members say their work at the firm is challenging and that overall, partners and associates are "enjoyable to work with," even if it is not the most “social” firm.  Diversity is a key component of the firm, and it is committed to several community diversity initiatives and organizations.  Additionally, the firm and its attorneys are regularly lauded by legal and industry publications, including being ranked as a “Go-To Law Firm” by Corporate Counsel for many of its practice groups.  Beyond the awards for the quality and substance of its legal work, the firm is also recognized for its contribution to the community via the Chadbourne & Parke Foundation as well as its aggressive Green Initiative.  In 2010, the firm’s gross revenue grew 9%.

Chambers Top Departments: Projects: PPP (#2), Power (#1), Renewables Alternative Energy (#1)

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COMPENSATION (SALARY AND BONUS)

In 2009, the firm froze and later cut salaries, which are based on a lockstep scale.  However, in January 2010, the firm announced it was raising salaries back to the levels they would have been if there had never been a cut.  In addition to issuing 2009 year-end bonuses matching the Cravath scale, the firm also made good on its earlier promise to repay the 2009 lost salary as an additional year-end, make-whole bonus.  In general, however, the firm is generally considered a follower with respect to bonuses. There is little consensus among Lateral Link Members about how bonuses are determined, with some Members saying bonuses are based on strict billable-hour benchmarks and others reporting bonuses depend on billables and subjective factors.

 
 

ASSOCIATE EXPERIENCE

The firm has a formal staffing system in which associates receive work through an assigning partner.  In practice, however, Lateral Link Members say many assignments come directly from a partner and are simply approved by the assigning partner.  There are no official rotations, but if work is slow, associates are expected to find assignments in other practice groups.  Most Lateral Link insiders believe the staffing system is fair.  Associates at the firm can expect both formal and informal training, with most of the training facilitated through practice groups.  The firm also provides CLE opportunities and subsidizes training and workshops conducted by external groups like the Practising Law Institute.  Lateral Link Members say that training opportunities and associate development vary by group, with one associate noting that training is "a high priority" in his practice group and another complaining that there is too little "communication regarding development and career goals."  The firm provides top-down annual reviews (biannual for new associates in their first two years).  Chadbourne & Parke announced a hiring freeze in 2008, and all incoming 2009 associates were deferred until the first or second half of 2010.  In addition to laying off 25 attorneys in 2009, the firm revoked the offers of 11 deferred associates in March 2010.  Despite the layoffs, the percentage of the firm’s minority attorneys increased during the recession, pushing the firm up 33 spots on the Minority Law Journal’s 2010 Diversity Scorecard.  Associates vary in their assessment of the management and viability of the firm, and morale at the firm ranges from “pretty poor” to “cautiously optimistic.”

 
 

FACE TIME AND VACATION POLICY

The firm offers four weeks of vacation time, which rolls over to the following year.  Lateral Link Members note that most attorneys take the majority of their vacation time, and one associate points out that “people frequently take two weeks at a time, especially in summer months.”  Provided that vacation time is “planned well in advance and doesn’t occur during particularly busy times,” the associates surveyed were generally comfortable using their vacation days.  Moreover, associates are generally not expected to be available during their vacation.  Unless it is particularly busy, it is uncommon to work holidays or weekends, and if necessary, work can often be done from home.  Although there is no hard-and-fast face time requirement, Lateral Link Members report that there is a general expectation associates be in the office during normal working hours.  One Member adds: “Face time is absolutely related to getting better work.  Being present is being present in people's minds.”  The firm provides 18 weeks of paid maternity leave and four weeks of paid leave to the other caregiver parent.

 
 

BILLABLE HOURS

To be eligible for a bonus, associates must attain a minimum of 1,900 billable hours plus 200 quality non-billable hours, such as pro bono and recruiting.  However, one associate noticed that “[p]eople who made their hours through quality non-billables, not billables, [still] received [2009] bonuses.” 

 
 

PRO BONO POLICY

Like many of its Biglaw brethren, the firm is a signatory to the Pro Bono Institute’s Law Firm Pro Bono Challenge and supports other national and localized pro bono organizations.  The firm also offers a 16-month public interest fellowship at The Door, a New York nonprofit for indigent teens; it provides full-firm benefits to the fellow and offers the fellow the opportunity to return to Chadbourne & Parke at the end of the fellowship to practice in an area of the fellow's choice.  Although the firm recommends that its attorneys work 20 to 50 pro bono hours annually, Lateral Link Members report that there is no formal requirement to do so.  However, the firm considers pro bono an “important factor” in its performance reviews and bonus determinations.  The maximum number of pro bono hours that will be credited towards billable hours is 100, but according to the firm, “an additional 200 hours can be counted toward the firm work expected of associates.”  While the firm encourages pro bono work, “they don’t shove it down your throat,” according to one associate.  In 2010, 56% of the associates participated in pro bono work, averaging 75 hours per associate.

PARTNERSHIP PROSPECTS

Chadbourne & Parke has a one-track partnership system, with an average of eight to nine years to make partner.  Making partner is viewed as an achievable goal, and the consensus among Lateral Link Members is that the firm is accommodating and will allow attorneys who do not make partner to continue working at the firm and will reconsider them the following year.  Major partnership factors cited by Lateral Link Insiders include work ethic, politics, and potential for bringing in business.

 
 

BENEFITS (INCLUDING NEW ASSOCIATE BENEFITS)

For associates staffed in Chadbourne & Parke's foreign offices, the firm reportedly provides excellent expat packages.  In its U.S. offices, the firm provides an in-house cafeteria and regular happy hours in certain offices, and dinner reimbursement and car service if working late at night; however, the gym membership subsidy was eliminated in 2009.  Further, associates in the New York office shouldn't expect their own office until their third year.  The firm provides bonuses and class credit for judicial clerkships and offers some form of compensation for advanced degrees on a case-by-case basis.

SUMMER ASSOCIATE PROGRAM

Summer associates in Chadbourne & Parke’s New York, Los Angeles and Washington, D.C. offices have the opportunity to do hands-on work similar to what new associates do, as well as the chance to "shadow" partners and senior associates to experience what their work is like.  Respondents to the summer associate survey praise the “good size” of the firm and the summer program, which is “small enough that you will feel a deep sense of camaraderie with all of the summer associates and many of the lawyers, even partners.”  Summer associates are paired with partner and associate mentors, and the firm holds trainings for summer associates twice a week.  Work is assigned to summer associates in various practice areas by a summer coordinator, and survey respondents report that they complete 15 or more assignments during the nine-week summer program and typically bill about eight to nine hours a day on work.  One respondent describes the assignments summer associates receive as a mix of “a lot of busy work” and “a decent amount of actual work.”  Summer associates are also encouraged to participate in pro bono work, as well as in its Public Interest’s Visiting Summer Associate Program, in which summer associates work at a pro bono organization for two weeks during the summer program at their full salary.  Survey respondents in the New York office say they are expected to be in the office during normal working hours, usually leave around 6:30 to 7:00 p.m., and that weekend work is uncommon.  The firm provides BlackBerrys, which summer associates are expected to check regularly.  Lunches with attorneys are budgeted at $35 per person, and summer associates typically attend two to three each week.  In addition, social events are held at least once a week and include Broadways shows, dinners, and excursions to regional attractions.  The firm made offers of permanent employment to 71% of its 30-member 2009 summer associate class, and made offers to 95% of its 20-member 2010 summer class.  Half of the incoming Class of 2009 associates at Chadbourne & Parke were “deferred indefinitely;” however, they received a $13,000 stipend in the Fall of 2009 and an additional $60,000 stipend in February 2010.  In March 2010, the firm revoked the offers of 11 deferred associates, explaining that its “most recent near-term projections led [the firm] to conclude that [it] could not justify increasing the first-year class beyond its current size.”

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