Now that the new Vault rankings are out, it seems appropriate to reflect on the common refrain from senior lawyers about their colleagues under 30. Last Friday, Idealawg kicked off another round Gen Y bashing. The issue this time was whether Gen Y’s supposed obsession with work-life balance was harming client services.
Here are the last two of four pointed questions posed on Idealawg:
As I said above, one thing that troubles me deeply in this ongoing discussion about the generations is the important matter of client service. In the millennial cries for work-life balance, I seldom hear the client mentioned. (I have posted about this absence before.) Third question: Has there been a shift in what is considered the lawyer’s responsibility for client service?
Work-life balance (could someone come up with another phrase? this one’s getting very old) and client service are not either/or. Both can, often do, and most often should co-exist. Both are important. But both do not seem to hold the same weight in the hearts of at least some millennials. Last question: Why then did they become members of a service profession?
I think I can answer both of these questions:
* Answer to question 3: No.
* Answer to question 4: Money.
Cool? Okay, my turn to ask some questions.
The official Vault law firm rankings for 2010 are out today. This list will define law firm prestige for the year to come. Many law students, associates, and partners — especially partners involved in the recruiting process — care greatly about these influential rankings.
Here are the top five most prestigious law firms, according to Vault. This year’s top five is substantially similar to last year’s: Skadden has flipped-flopped with Sullivan & Cromwell. Otherwise the top five remain unchanged from last year.
After the jump, the rest of the brand new Vault top ten, and a note from Vault’s managing editor about what’s new in this year’s rankings.
* It sounds like very few protesters greeted John Yoo at Berkeley Law School. Only four were tenacious enough to get arrested. [Associated Press]
* Fen-phen lawyers sentenced to 20 and 25 years, respectively. The judge wants their sentences to deter other lawyers tempted to steal from settlement funds. [Bloomberg]
* Proskauer Rose probably likes this headline. [New York Daily News]
* Nino leads one to believe that empathy is not an important quality in a judge. [New York Times via Daily Beast]
* The 5th Circuit agrees with a Texas school district that has banned “shirts with words.” Are shirts with numbers okay? [Courthouse News Service]
* Michael Jackson’s children have lawyered up. [CNN]
* Nationwide salary cut watch: LA County judges. [Los Angeles Times]
* Why has there been no litigation surge in the recession? [National Law Journal]
If you’ll be in New York on Monday, August 24, you might be interested in this event, brought to you by Above the Law and our friends at Applied Discovery:
SPACE IS LIMITED. To request an invitation, please email [email protected]. Please include your name, employer, and job title in your response. If we can accommodate you, we will send you a confirmation by email.
Thanks! We hope to see you on the 24th.
There has been a lot of chatter about the offer situation at Paul Hastings. Right now, we understand that about 50% of the current summer class has received an offer to return to the firm. The other 50% are in limbo.
Above the Law talked with a spokesperson for Paul Hastings. We have some good news, some bad news, and some great news to report.
First the good news: Paul Hastings intends to make offers to between 70% and 75% of its current summer class, firm wide. That means as many as half of the people who haven’t heard anything about their offers could be receiving an opportunity for full time employment. Yay.
Obviously, the bad news is that there will be quite a few summers that will not be getting an offer from Paul Hastings.
At least the firm is being upfront about the reason to no offer between 25% and 30% of the class. Paul Hastings told us “it’s the economy.” You can’t get any more straightforward than that.
We understand that Paul Hastings will end the suspense for its summers by the end of the program. The summer program wraps up over the next two weeks at the firm.
But for the majority of Paul Hastings summers that will be getting a full-time offer, there is some truly great news for you just after the jump. Update / Correction: Please see after the jump.
* When people call social media a “fad” it reminds me of what my parents used to say about Nintendo. [Law Librarian Blog]
* A minute-by-minute diary of the day the layoffs came. [California Lawyer]
* A defense lawyer claimed that “pain” was not an injury. Evidently the lawyer thought that the empty, hollow feeling in his head he wakes up with everyday was normal. [New York Personal Injury Law Blog]
* Why is TSA at Newark interrogating Bollywood stars? I mean, Angelina Jolie can gallivant around the world and take children with less hassle. [Transracial]
* Who was a better Ricardo Tubbs? Phillip Michael Thomas or Jamie Foxx? [Courtoons]
* Marijuana companies will need accountants, and bankers, and lawyers. Then the government will want a cut. The end of America’s recession is sitting right there, just waiting to light a fire under this economy. [Going Concern]
* This week’s Blawg Review has “onions!” [Seattle Trademark Lawyer via Blawg Review]
If Michael Vick can learn to love animals, “be they a dog, or a cat, or … a reptile,” then surely the American courts can’t be far behind.
A couple of weeks ago, we brought you the story of a New Jersey appellate panel which declined to view the family pet as mere property in a divorce proceeding. Now a Virginia court is being asked to award damages for intentional infliction of emotional distress stemming from a pet-icide. The Wall Street Journal reports that there is some high profile pro-bono legal counsel taking up the cause of not treating animals as replaceable goods:
A lawsuit slated to go to trial next week down in Virginia could help redefine the theory — at least in that state — on what how a pet-owner should be compensated if a pet is wrongfully killed. In many states, tort law provides the owner simply gets the replacement value of a pet.
But the plaintiff in the Virginia case, represented pro bono by Orrick partner and former White House counsel Lanny Davis, feels the amount should be much higher in certain circumstances. Davis likened the case to that of a family heirloom, which has worth well beyond its street value.
Go Orrick. Family heirloom status is just the first step. It won’t be long now until I can bring my dog into the Duane Reade with the same disregard for other people’s shopping experience as parents enjoy now with their no spatial awareness/no vocal modulation street urchins.
Either that or we’ll soon see strollers tied up to stop signs up and down the east side of Manhattan.
After the jump, even the defendant in the civil suit agrees that family pets are worth more than their store bought value.
Over in Israel and India, people are still panicked over swine flu. But here in the United States, it seems to be generating mostly yawns (with the occasional lawsuit mixed in).
Earlier in the summer, swine flu hit a number of law-related venues, including Duke Law School, the Bronx D.A.’s office, and Mayer Brown (in Chicago). We’ve also heard unconfirmed reports of swine flu outbreaks in a Massachusetts courthouse and an Atlanta law firm.
But Chicago seems to be where it’s at. A law school and a law firm that have hosted cases in the Windy City, after the jump.
Friday was the last day for companies on the government dole to submit their pay plans to Kenneth Feinberg, our nation’s new Pay Czar. The new compensation commissar is as powerful as a mid-winter blizzard on the Eurasian Steppe. According to Law.com:
The Obama administration’s “pay czar” is embarking on a review of proposed compensation packages for the top employees at seven companies that are on government life support, marking the first time a federal official will have veto power over how much private-sector executives are compensated.
Kenneth Feinberg, who ran the government’s fund for families of the victims of the Sept. 11, 2001, terrorist attacks, has 60 days to approve or reject the compensation plans submitted this week from bailout recipients. They include American International Group Inc. and General Motors.
Can’t you just see a detail of Feinberg’s men assigned to follow Fritz Henderson (the new CEO of GM) during his training routine? One day maybe Fritz will outrun Feinberg’s men and climb to the top of a high peak and scream “Fein-BERG,” as he prepares for an epic final battle with Feinberg himself?
In the meantime, here are more reasons why being a lawyer right now is better than being a banker.
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 protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.