* Goldman Sachs and Morgan Stanley will be converted into traditional bank holding companies. With all the turmoil in the financial services industry, some attorneys think in-house is the new outhouse and are running back to law firm employment. [National Law Journal]
* “Merchant of Death”/ “Lord of War”/ Russian-guy-who-loves-selling-guns faces extradition hearing in Thailand for U.S. terrorism charges. [CNN]
* Kirkland & Ellis partner sues his wife, her alleged lover, and her dad for giving him herpes. [New York Post]
* There Will Be Blood in the trial of Alaska Sen. Ted Stevens. In a matter of speaking. Big oilman to testify in corruption case against Stevens. [New York Times]
* Prison escapee and Purpose Driven Life convert Brian Nichols is finally going on trial in Atlanta. Perhaps they should let him sell his story and use the proceeds to pay off all the debt he’s racked up for the Georgia legal system. [Atlanta Journal-Constitution]
* Maybe I’m a prude, but I really don’t understand how lap dances are socially acceptable. Somebody walks by and puts their butt in my face. If I give them money, they keep doing it; if I slap it away, I get in trouble? At the very least, shouldn’t it work the other way around? [WSJ Law Blog]
* Yes, NYU Law professors, we are laughing at you. No, not with you. At you. [TaxProf Blog]
* Good job, ATL readers. Our collective level of panic forced the eighth-richest man in America to tell his company “get back in there and chill them n***$$ out!” [Bloomberg.com]
A new survey found that about 35 percent of professionals would pick their PDAs over their spouses if they had to choose.
A surprising 87 percent take their personal digital assistants into their bedrooms, and 84 percent check them just before going to bed and as soon as they wake up, according to a work-life survey from Sheraton Hotels & Resorts. Another 85 percent say they look at their PDAs in the middle of the night.
Sounds to me like 35 percent of professionals do not fully understand the ramifications of losing half their stuff.
But what’s worse is that many readers have emailed the story to ATL contending that the numbers for professionals “in the law” would be much, much higher.
Comparing Biglaw life to a treadmill is a cliché. But to some attorneys around the country, it’s truly the best description of how they pass their days (and nights, and weekends). From the New York Times:
Terri Krivosha, a partner at a Minneapolis law firm, logs three miles each workday on a treadmill without leaving her desk. She finds it easier to exercise while she types than to attend aerobics classes at the crack of dawn.
I’m now spending the majority of my billable office hours walking on my treadmill. I set up a monitor directly in front, and hooked up an arm with a keyboard and mouse tray to the frame of the treadmill….
I find that 1.5 mph is best speed if I’m typing — slightly faster if I’m just reading. Billing by the mile, not by the hour….
Check out our interview with Aaron, plus a slideshow of treadmill-desk porn, after the jump.
Am Law Daily reports that H. Rodgin Cohen of S&C is making serious money as the markets collapse.
Cohen has been the man in demand by companies struggling to ride out the latest subprime-related rollercoaster roiling the capital markets. His work this past week alone includes advising Lehman Brothers on its limited options prior to filing for Chapter 11 bankruptcy protection on Monday and counseling AIG in its $85 billion bailout by the Federal Reserve on Tuesday. The longtime S&C partner was on a roll even before these events unraveled last weekend–Cohen advised Fannie Mae on its seizure by the federal government on September 7.
Does that “H” stand for “hurricane?” We’ll see if Cohen brings rain to associates come bonus time.
We’ve covered a lot of the law firms that are dancing in the ashes of Wall Street. But new winners are emerging everyday. Simpson Thacher advised the AIG board of directors. Millbank, Paul Hastings, Cravath, and Kelley Drye are just some of the firms that are in on the party known as “creditor actions.” And Clifford Chance handled part of Barclay’s acquisition along with Cleary.
Even government lawyers will get in on the fun, now that Andrew Cuomo doesn’t know the difference between New York State and the power of God.
It looks like there is going to be a lot of work floating around this fourth quarter as people try to make their hours.
But it’s not all candy and coke for big firms these days.
Today is the day that the U.S. Department of Justice emails applicants to set up interviews for the Attorney General’s Honors Program. Each division is sending out its own letter.
If you didn’t receive one of these emails, well, then you probably didn’t attend the Nobody F**** With the Jesus School Of Law:
Congratulations! You have been selected for an interview by the [redacted] for the Attorney General’s Honors Program.
The Department of Justice is issuing separate Email messages, component by component, to the candidates selected for interviews. Please note that your application was referred to all components you designated as employment preferences. If you do not receive a message from any specific component, then you were not selected by that hiring component for an interview.
Once all component notification messages have been issued, we will send a separate Email message providing instructions on how to schedule your interview. Please follow the instructions in the notification Email message and review the Travel Memo posted at www.usdoj.gov/oarm/arm/hp/hpinterview.htm.
Thank you for your interest in the Department of Justice and good luck in your interview.
We expect this year’s hiring process to be heavily scrutinized. What should an interviewee do as they walk into that charged environment? Wear a McCain button? Waterboard the receptionist? Or maybe go the other way and give her a hug (and then bus her halfway across town to a superior school district)? Either way, be sure to talk about “change” a lot.
We kid the Justice Department because they’re not nearly as scary as the IRS.
But seriously, what should these interviewees do to secure these important positions? Please share helpful advice on ways that I can kill myself how to ace the interview in the comments.
Michigan people, I feel your pain. The seven fumble loss to “The School That God Built, Then Abandoned” was terrible. You guys are trying to enjoy these last days of summer before the arctic wind sends you into underground bunkers. And clearly, you can’t lend out a cell phone/ask for your cell phone back without getting dragged into a heated exchange that is mocked by all.
I understand how in that environment petty slights can turn into glorious insults. You demand satisfaction! But you justice seekers might want to turn somewhere other than the University of Michigan’s law school list-serv. The following email was sent by a 1L who has been on campus for approximately 11 minutes and 6 seconds:
Dear Student Body,
Whoever the SLEAZE is who likes taking people’s lunches (in particular, 1/2′s of subway sandwiches bought on one day and saved for the next) from the refrigerator in the student lounge, STOP. In case you aren’t aware, it’s stealing. Perhaps you’re practicing for a career in corporate law, but law school isn’t the place to practice this particular skill. Also, in case you aren’t aware, here are a few reasons not to do this:
1) Stealing lunches erodes collegiality among the student body.
2) Stealing lunches inconveniences the person from whom you steal by forcing them to go get lunch elsewhere, thereby wasting time and resources.
3) Stealing lunches can cause an additional inconvenience with having to buy lunch elsewhere. For most of us, the couple dollar loss isn’t really the issue, but imagine not having your wallet with you on a day when someone has stolen your lunch? You must either do without or seek out somebody to borrow from, both of which are annoying.
If you’re really so poor you can’t afford lunch, the law school will provide you with an emergency loan. If you’re just a sleaze, either take an ethics class or come talk to me.
Well allow me to retort.
1) I once got robbed and to make myself feel better, I called it “sharing” instead of “stealing.”
2) Isn’t forcing someone to get their lunch somewhere other than Subway kind of a good thing?
3) Not having your wallet? The only guys I know that don’t carry around their wallet whenever they leave the house are super rich or homeless. Which one are you?
The rest of the maize and blue electronically punch this guy after the jump.
A few female readers have asked us to direct your attention to this poll at fashion and lifestyle blog Corporette:
How short of a skirt can a professional woman get away with?
According to the votes in so far, “professional women” can get away with skirts that stop just above the knee. Does the same apply to the legal profession? We’ll let you debate in the comments.
Meanwhile, we know that some of you would like every post under the sun to tie into the volcanic meltdown that is Wall Street. According to the “economic skirt theory,” women these days should be in skirts that brush the ground. Per a July article from the New York Times:
Although designers always dismiss the correlation between skirt lengths and financial markets as a fashion historian’s fantasy, the parallels are striking. Hemlines rose to dizzying heights in the financial and social whirl of the roaring 1920s — revealing women’s legs for one of the first times in recorded history. Then came the bear market and bare was out — except for low backs on the floor-length gowns that dropped hemlines just before the 1929 Wall Street crash.
Given the way things are going, maybe they’ll start designing woman’s skirt suits with trains?
Bingham McCutchen plans to announce on Monday that four D.C. attorneys from Thelen are moving over: Partner Carl Valenstein — recently listed on Thelen’s Web site as a member of the firm’s partnership council — as well as partners Jerome Akman and David Vidal-Cordero, and senior counsel Rebecca Hartley.
I don’t know who any of those people are, but it’s safe to assume that the laws of “subtraction” still apply to Thelen. It’s not like Nixon (or anybody else) is going to merge with the Thelen associates. A book of business is very different from an active Facebook page.
At least Thelen is trying to get the word out that not all of their partners are up for sale:
Two Thelen partners made a point of showing solidarity with their firm Thursday afternoon.
[Michael] Hallerud said that he’s been with Thelen for more than 13 years and has “no interest in going anywhere,” adding that the San Francisco office is “a family place.”
Another partner, [John] Heisse, replied in an e-mail: “As I have told what seems to be every headhunter in the continental U.S., I have no intention of taking my practice to any other firm. If your article has the effect of stopping their calls, then I appreciate your help.”
It’s awesome that Mr. Heisse is in such great demand. But wouldn’t it be nice if he put in a good word for whatever mid-level has been doing his dirty work for the past few years? Something like:
Hey Mr. Recruiter for a firm with much more stable financials. I’m sticking with the date I came with, but you might want to call up Tippy Highflower whose a 6th year in our San Fran office. She’s great and a future star, and based on the bottle of Zoloft I just saw her eating for lunch, I bet she could use some reassurance about her future prospects.
Associates need lifeboats too. Sometimes just knowing that you have one can help you weather the storm.
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.
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.
The traditional job application and interview process can be impersonal, and applicants often struggle to present themselves as more than just the sum of their GPAs, alma maters, and previous work history. ATL has partnered with ViewYou to help job seekers overcome this challenge. ViewYou NOW Profiles offer a unique way for job seekers to make a personal, memorable connection with prospective employers: introduction videos. These videos allow job candidates to display their personalities, interpersonal skills, and professional interests, creating an eDossier to brand themselves to potential employers all over the world. Check it out today!