California Legal Market Georgetown 2020 Amber Handman Housing

California Legal Market Georgetown 2020 Amber Handman

Housing Price Comparison 2019 National California 600 000 2012 $182, 000 $325, 000 500 000 2013 $199, 000 $399, 000 400 000 2014 $214, 000 $399, 000 300 000 2015 $229, 000 $449, 000 2016 $242, 000 $475, 000 2017 $259, 000 $499, 000 2018 $276, 000 $522, 000 2019 $282, 000 $535, 000 200 000 100 0 National California (Zillow, December 2019)

Most Expensive U. S. Cities for Renters 1 San Francisco 2 New York 3 Boston 4 San Jose 5 Los Angeles 6 Oakland 7 Washington D. C. 8 Seattle 9 Miami 10 Santa Ana (Zumper, May 2019)

Cost of Living Comparison to New York City Big. Law City Salary Required to Yield NYC Buying Power New York $190, 000 San Francisco Silicon Valley Los Angeles Orange County San Diego $168, 690 $157, 148 $147, 986 $147, 487 $143, 834 (Salary. com, February 2020)

Trends § Nationalization § Consolidation § Decentralization § Quality of Life Trends § Student/New Lawyer Trends § Law Firm Trends § Diversity Trends § Women’s Trends § Mental Health Trends § Technology Trends

Big. Law Salary Structure Class Year Base Salary Bonus Annual Compensatio n 1 st $190, 000 $15, 000 $205, 000 2 nd $200, 000 $15, 000 $215, 000 3 rd $220, 000 $25, 000 $245, 000 4 th $255, 000 $50, 000 $305, 000 5 th $280, 000 $65, 000 $345, 000 6 th $305, 000 $80, 000 $385, 000 7 th $325, 000 $90, 000 $415, 000 8 th $340, 000 $100, 000 $440, 000

Number of California Partners Elevated for the Past Five Years at Selected Firms Firm 2020 2019 2018 2017 2016 Cooley 2 8 8 8 7 Gibson Dunn 6 4 3 5 3 Morrison & Foerster 8 3 5 4 5 O’Melveny 1 4 2 5 6 Pillsbury 4 2 2 3 2 Sheppard Mullin * 11 8 12 7 11 13 10 4 8 Wilson Sonsini * Sheppard Mullin data for 2020 not yet available

Profits Per Partner 2019 Selected CA Firms Firm Kirkland & Ellis Quinn Emanuel Latham & Watkins Gibson Dunn Paul Hastings Irell & Manella Akin Gump O’Melveny Morrison & Foerster Greenberg Traurig (The American Lawyer, May 2019) Profits Per Partner $5, 037, 000 $4, 533, 000 $3, 452, 000 $3, 345, 000 $3, 254, 000 $2, 980, 000 $2, 402, 000 $2, 262, 000 $1, 982, 000 $1, 750, 000

Southern California Law Firm Market Southern California firm geography: Los Angeles/Orange County/San Diego

Largest Los Angeles Firms Rank Firm Attorneys 1 Lewis Brisbois 339 2 Sheppard Mullin 264 3 O’Melveny 245 4 Gibson Dunn 221 5 Latham & Watkins 202 6 Gordon & Rees 186 7 Kirkland & Ellis 176 8 Manatt 164 9 Seyfarth Shaw 162 10 Munger 149 (Firm Prospects, February 2020)

Largest Orange County Firms Rank Firm Attorneys 1 Knobbe Martens 145 2 Gordon & Rees 137 3 Rutan & Tucker 132 4 Sheppard Mullin 76 5 Bremer Whyte 74 6 Stradling 71 7 Latham & Watkins 70 8 Snell & Wilmer 64 9 Gibson Dunn 62 10 Lewis Brisbois 61 (Firm Prospects, February 2020)

Largest San Diego Firms Rank Firm Attorneys 1 Gordon & Rees 179 2 Procopio 155 3 Sheppard Mullin 143 4 Cooley 104 5 DLA Piper 100 6 Robbins Geller 97 7 Latham & Watkins 96 8 Higgs Fletcher 76 9 Wilson Sonsini 68 10 Tyson & Mendes 56 (Firm Prospects, February 2020)

Southern California Vault 2020 Prestige Rankings Rank Firm So. Cal Attorneys So. Cal Offices 1 Latham & Watkins 375 LA(2), OC, SD 2 Gibson Dunn 288 LA(2), OC 3 O’Melveny 302 LA(2), OC 4 Munger 149 LA 5 Skadden 93 LA 6 Quinn Emanuel 131 LA 7 Irell & Manella 90 LA, OC 8 Kirkland & Ellis 176 LA(2) 9 Paul Hastings 175 LA(2), OC, SD 10 Morrison & Foerster 118 LA, SD

Northern California Law Firm Market Northern California firm geography: San Francisco/Silicon Valley

Largest San Francisco Firms Rank Firm Attorneys 1 Orrick 215 2 Morrison & Foerster 194 3 Kirkland & Ellis 162 4 Hanson Bridgett 152 5 Cooley 142 6 Gordon & Rees 139 7 Morgan Lewis 138 8 Farella Braun 131 9 Latham & Watkins 113 10 Wilson Sonsini 112 (Firm Prospects, February 2020)

Largest Silicon Valley Firms Rank Firm Attorneys 1 Wilson Sonsini 349 2 Cooley 183 3 Fenwick & West 168 4 DLA Piper 101 4 Latham & Watkins 94 6 Gunderson Dettmer 90 7 Orrick 83 8 Goodwin Procter 83 9 Simpson Thacher 78 10 Perkins Coie 75 (Firm Prospects, February 2020)

Northern California Vault 2020 Prestige Rankings Rank Firm Nor. Cal Attorneys Nor. Cal Offices 1 Morrison & Foerster 292 SF, SV 2 Cooley 390 SF, SV 3 Wilson Sonsini 448 SF (2), SV 4 Fenwick & West 336 SF, SV 5 Latham & Watkins 207 SF, SV 6 Orrick 344 SF, SV, SAC 7 Skadden 66 SV 8 Quinn Emanuel 101 SF, SV 9 Gibson Dunn 122 SF, SV 10 Kirkland & Ellis 186 SF, SV

California Hiring and Practice Trends: What’s Hot and What’s Not § Hot: Intellectual Property, Corporate/Private Equity, Litigation, Privacy/Cybersecurity, Employment § Warm: Real Estate, Banking/Finance § Cold: Environmental/Energy, Bankruptcy, Tax, International § Emerging Practice Areas

Associate Positions at Seltzer. Fontaine: Southern California 140 120 100 80 60 40 20 0 Corporate Intellectual Property Labor & Employment Los Angeles Litigation Real Estate Orange County San Diego Tax

Associate Positions at Seltzer. Fontaine: Northern California 100 90 80 70 60 50 40 30 20 10 0 Corporate Intellectual Property Labor & Employment San Francisco Litigation Silicon Valley Real Estate Tax

450 400 Current Associate Positions at Seltzer. Fontaine 350 300 250 200 150 100 50 0 Los Angeles Orange County San Diego San Francisco Silicon Valley

Entertainment Practice: a Special Case § What is it? § How to break in § Firms

Choices: Who’s Coming or Not Coming to Georgetown • OCI stats • NALP stats • Firms coming to Georgetown but not for their CA offices • Firms with OCI programs and CA summer programs but who are not coming to Georgetown • Some other firms to know about • Firms with new CA offices

Georgetown Law Graduates in California City Number of Alumni Los Angeles 656 San Francisco 510 Silicon Valley 184 Orange County 128 San Diego 167 Sacramento 48

Landing a Job in California • Attend job fairs • NALP/Martindale-Hubbell • Contact Georgetown grads in CA • Use undergrad connections • Professors with California connections • Local bar associations

Closing Thoughts • Show a commitment to California • Take the CA Bar sooner rather than later

More Closing Thoughts • Academic performance • Control your social media • Career planning

Amber Handman ahandman@seltzerfontaine. com (310) 842 -6989 www. seltzerfontaine. com