Law firm mergers have transformed the Biglaw landscape over the past decade. Several of the five firms in our latest open thread on Vault 100 firms have been involved in merger mania.
Here are the firms to talk about this morning:
* Atlanta seeks to ban droopy drawers. [Atlanta Journal-Constitution]
* Man, Paris got screwed; 1 day in jail for Lohan in plea deal. [CNN]
* It does seem anecdotally that more lawyers are making juries. I was not chosen my only time summoned as an attorney; it probably didn’t help that I was working for another judge in the same courthouse at the time. [WSJ Law Blog]
* Ummm…Pakistan has elections? [New York Times]
* Japan’s bar gets a little queasy about the death penalty. [Jurist]
We’re deep into the lazy days of August — and today is Friday. So of course there’s news of a high-profile resignation from the Department of Justice.
From the New York Times:
The head of the Justice Department’s civil rights division announced Thursday that he was resigning, the latest in a long string of departures from the department in the midst of a furor over the leadership of Attorney General Alberto R. Gonzales.
The department said that the resignation of the official, Assistant Attorney General Wan J. Kim, had nothing to do with the recent controversies over Mr. Gonzales’s performance, and that Mr. Kim had been planning his departure for months.
We can confirm that. Kim’s resignation, effective at the end of this month, does not come as a surprise to DOJ insiders. Recall what we wrote in these pages almost two months ago:
Assistant Attorney General Wan J. Kim, who oversees the Justice Department’s important (and controversial) Civil Rights Division, will step down from his post before the end of the year. He was sworn in as AAG in November 2005, so by this fall he will have held the job for two years — a long-enough stint in that position.
* The best argument for immigration reform: qualified (i.e., hot) fashion models are being kept off American runways. [Fashionista]
* What rating does ATL get — e.g., G, PG, R, etc. — using this tool? To give you context, NBS is a PG-13. [Nasty, Brutish & Short]
* What blogs does Linda Greenhouse read? [My Times ("Journalist's Picks") via Romenesko]
* What blogs do judges read? [May It Please the Court]
* And what blogs should they read? [Blawg Review]
* Speaking of judges, here’s our Judge of the Day — possibly offensive, and wrong on the law too. [AP via NYT]
* The Weekly Standard’s Jonathan Last, on the Nixon Peabody non-theme-song: “Some things you just can’t un-hear.” [Galley Slaves]
Sadly, the music-loving law firm of Nixon Peabody is not on this afternoon’s list of five Vault 100 firms to talk about. And don’t hold your breath — we won’t reach NP until we hit the 70′s.
Here are the firms that are on the table:
We’ve been in touch with representatives of the Nixon Peabody law firm about the musical composition that we posted (mp3) and wrote about this morning. First they sent us a statement by email:
“This song was put together in celebration of Nixon Peabody’s Fortune100 ‘Best Places to Work’ recognition. Nixon Peabody aims to be the best law firm to work with and the best law firm to work for. Fun is not prohibited here.”
Fair enough. But then we spoke with two firm spokespersons by telephone. They called us.
It wasn’t a very “[f]un” conversation. They weren’t happy campers. Even if they may be winners, since “everyone’s a winner at Nixon Peabody.”
They emphasized that the song was internal to the firm and is protected by copyright. They also insisted that it is NOT a “theme song” — in any way, shape or form.
They demanded to know who sent the song to us. We informed them that we don’t reveal our sources, unless served with a subpoena (and maybe not even then — a Judy Miller-style jail stint might be good publicity for ATL).
They asserted copyright over the song and asked us to take it down, from our site and from YouTube. We stated our view that posting and commenting on the song constitutes fair use. It also falls within our newsgathering mission as a media organization.
We explained that our site is all about law firms and the legal profession. They said: “We know what you’re about.”
They claimed the person who leaked this song is “in a fight” with Nixon Peabody, and menacingly stated that they (meaning NP) “don’t intend to let this thing lie.” We informed them that we have no desire to get involved in the firm’s purported dispute with this unnamed individual. And that’s where we left things.
Our posts on the perks or fringe benefits of law firm life continue to generate interest and good comments. Here is today’s topic:
Why don’t you guys do an open thread on working abroad? I know of several firms that send their associates for some period of time to work [overseas].
For example, Allen & Overy has a program in which they send their senior associates to London to work for something around six months. A friend of mind who worked for Shearman went to Asia, and some others from Baker McKenzie have been sent to other offices around the world.
One advantage of working abroad: a generous cost-of-living allowance. Last month, Cravath raised its London COLA:
Cravath Swaine & Moore has raised the cost of its living allowance (Cola) for London office associates from $85,000 (£41,000) to $110,000 (£53,000), The Lawyer can reveal. The 30 per cent hike at the elite firm takes remuneration for the most junior lawyers in Cravath’s City office to potentially in excess of £150,000.
As we have previously bitterly lamentedobserved, sometimes it seems like all the blessings of life are reserved for Supreme Court clerks. And they include not just $250,000 signing bonuses and top-shelf legal jobs, but luxury real estate, too.
This latest Lawyerly Lairs post looks at the expanding digs of Joel I. Klein (Powell) and his wife, Nicole K. Seligman (OT 1984/Marshall). From the New York Observer:
New York is a city of poshly-housed public servants.
The mayor owns two mansions in the East 70’s; the governor goes rent-free in a terraced Fifth Avenue apartment (it’s owned by his dad); development chief Robert Lieber has a new $7.25 million condo at Trump International; and even Public Advocate Betsy Gotbaum is in the Beresford.
Now Schools Chancellor Joel Klein has bonus space on Park Avenue. He and his wife Nicole Seligman, a Sony executive vice president (and an ex-lawyer for both Oliver North and Bill Clinton) have paid $1.7 million for their second apartment at 95-year-old 565 Park Avenue.
Yes, that’s right — their second apartment in this venerable building. The couple already own the unit directly above their new acquisition. Hello, duplex!
(C’mon, get real: Did you really expect Klein and Seligman to slum it in a sub-$2 million apartment? As people have observed countless times in these pages, $2 million doesn’t buy you much in NYC.)
More details after the jump.
We’re surprised that the firms in this latest group of Vault 100 law firms aren’t ranked more highly. Some of them are quite profitable (Dechert),* prestigious (Munger), or high-profile (Boies Schiller, home of legendary litigator David Boies).
But who are we to argue? For communal discussion, here is this morning’s batch of Biglaws:
The horror! The horror! Multiple sources have forwarded us the MP3 of the frightening Nixon Peabody “theme song,” which is now making the rounds by email.
We didn’t receive it directly from a source at the firm, so it’s theoretically possible that it’s fake. We have contacted Nixon Peabody for comment and will let you know if and when we hear back from them. But in the meantime, we’re inclined to agree with this tipster:
“I wanted to believe it wasn’t real, but it’s so professional. Hard to believe that this wasn’t the product of a misguided recruiting effort and wasted bonus dollars.”
Update (12:05 PM): We’ve been in touch with a Nixon Peabody spokesperson about the song (which is real). We’ll be posting a statement from the firm shortly.
On the musical merits, the song itself is just as horrific as the idea of a law firm theme song. Yes, we miss the eighties, but not this much. The lyrics include such gems as “Everyone’s a winner at Nixon Peabody” (the chorus) and “It’s all about the team, it’s all about respect, it all revolves around integri-tee yeah.”
Check it out for yourself below. But we’re warning you: even though the Nixon Peabody anthem is dreadful, it’s as catchy as HPV. If that “everyone’s a winner” chorus gets stuck in your head for the rest of today, don’t blame us.
But if you’re a plaintiff’s lawyer who wants to file a class action against Nixon Peabody, on behalf of all listeners who do get earworm from this song, please include us in the plaintiff class. Thank you.
(The reason the screen says “Digital Media Converter Trial Version — Please Download” is because we converted the mp3 file to video using a free trial of this file conversion program.) Update / Correction (2:55 PM): This song is NOT a “theme song.” It was prepared for internal use only, and it was sent to us without the firm’s prior knowledge or consent. The firm objects to all non-internal use of the song. More details here. Further Update: The YouTube link below is now dead, but you can access the MP3 by clicking here. Or better yet, check out this awesome video.
The holiday season is upon us, and yet again, you have no idea what to get for the fickle lawyer in your life. We’re here to help. Even if your bonus check hasn’t arrived yet, any one of the gifts we’ve highlighted here could be a worthy substitute until your employer decides to make it rain.
We’ve got an eclectic selection for you to choose from, so settle in by that stack of documents yet to be reviewed and dig in…
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: email@example.com.
We currently have a very exciting and rare type of in-house opening in China at one of the world’s leading internet and social media companies. Our client is looking for an IP Transactional / TMT / Licensing attorney with 2 to 6 years experience. The new hire will be based in Shenzhen or Shanghai. Mandarin is not required (deal documentation will be in English) but is preferred. A solid reason to be in China and a commitment to that market is required of course. This new hire will likely be US qualified (but could also be qualified in UK or other jurisdictions) and with experience and training at a top law firm’s IP transactional / TMT practice and could be currently at a law firm or in-house. Qualified candidates currently Asia based, Europe based or US based will be considered. The new hire’s supervisors in this technology transactions in-house team are very well regarded US trained IP transactional lawyers, with substantial experience at Silicon Valley firms. The culture and atmosphere in this in-house group and the company in general is entrepreneurial, team oriented, and the work is cutting edge, even for a cutting edge industry. The upside of being in an important strategic in-house position in this fast growing and world leading internet company is of the “sky is the limit” variety. Its a very exciting place to be in China for a rising IP transactional lawyer in our opinion, for many reasons beyond the basic info we can share here in this ad / post. This is a special A+ opportunity.
If your firm is in ‘go’ mode when it comes to recruiting lateral partners with loyal clients, then take this quiz to see how well you measure up. Keep track of your ‘yes’ and ‘no’ responses.
1. Does your firm have a clearly defined strategy of practice groups that are priorities of growth for your office? Nothing gets done by random chance, but with a clear vision for the future. Identify the top practice areas for which you wish to add lateral partners. Seek input from practice group leaders and get specifics on needs, outcomes, and ideal target profiles.
2. In addition to clarifying your firm’s growth strategy, are you still open to the hire of a partner outside of your plan? I’ve made several placements that fit this category. The partner’s practice was not within the strategic growth plan of my client, but once the two parties started talking with each other, we all saw how it could indeed be a seamless fit. Be open to “Opportunistic Hires.” You never know where your next producing partner might come from, so you have to be open to it. I will be the first to admit that there is a quirky element of randomness in recruiting.
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