What happens to an associate deferred?
Does he dry up, like a raisin in the sun?
Or fester like a sore — and then run?
Run, run — away from Biglaw. That seems to be what at least some deferred associates are doing, as reported last week by the New York Times in an article about how they spent their deferral years — and how some of them aren’t returning to the well-feathered nests of private law firms when called back.
The Times interviewed two deferred associates who aren’t going back to their firms. Nathan Richardson, a 2009 graduate of the University of Chicago Law School who was deferred by Latham & Watkins, spent his year doing environmental law research at Resources for the Future — and plans to remain in public interest. Avi Singh, a 2009 graduate of Harvard Law School who was deferred by Quinn Emanuel, went off to the Santa Clara County public defender’s office in San Jose — and is staying there.
Due to deferrals, Latham and Quinn just lost the services of two bright young attorneys. And maybe, just maybe, this isn’t a bad thing — not just for these lawyers, but for their law firms….
Ed. note: Law Shucks focuses on life in, and after, Biglaw, including by tracking layoffs, bonuses, and laterals. Above the Law is pleased to bring you this weekly column, which analyzes news at the world’s top law firms.
One of the stopgap measures adopted by firms was deferring associates. Most of the deferred will end up at their firms, albeit more than a year after their expected start dates. Some have lingered on, with perpetual deferrals and no updates on start dates. And some have had their offers rescinded.
We called BS on that back in February. We can’t imagine any firm is going to be so penny-wise pound-foolish as to go after a lawyer they don’t have to hire (cheap severance!) and who found her calling in public service (good PR!).
After the jump, we catch up on the latest activity in BigLaw — including another week with layoff news — and try to sort through the mixed signals.
* The reigning Miss USA, Rima Fakih (pictured), is Muslim — and she thinks the Ground Zero mosque is a bad idea. So… she just found a way to become relevant for 15 minutes. [Color Lines]
* Meanwhile, the New York City Bar has come out in favor of the mosque. As long as it’s okay to have a public debate about what private building should go up next to Ground Zero, can we also talk a little bit about what gets built, you know, on Ground Zero? Because the GIANT HOLE just isn’t doing it for me. [WSJ Law Blog]
* Note to the fellas: if you have tasted breast milk — yes, Lat, I’m looking atyou — please don’t talk about it at work, or else women might get offended (and sue). Note to the ladies offended by conversations regarding breast milk: really? [Washington Post]
Looking for confidential minded person that is a people person and well manicured. We do some work with the adult entertainment business so it is not for everyone. Looking for the classic super manicured secretary at a younger progressive firm.
Federal judges are people too — and I have proof. Earlier this week, one federal appellate judge accepted my friend request on Facebook. Another circuit judge emailed me — from a Gmail account (although we didn’t Gchat; that would have been too cool for words).
Judges are real people — with opinions, not just of the judicial kind, and with personalities. They have interesting lives — off the bench, and before they’re appointed to the bench. Judges are not grown in petri dishes, and donning the robes cannot and does not erase their personal or professional histories.
I know a little something about video game addiction. While working in Biglaw, I was a respected guild member in Everquest II — before I realized that I was wasting giant amounts of time and had more than enough money to be able to interact with fellow humans in the flesh. In law school I once played 28 seasons of Madden (every game, ten minute quarters, including preseason; I would even make up a draft board). In college I played enough Civilization 2 that I thought it should count for one of my history core requirements. I legitimately fear for my job when Civilization 5 drops one month from now.
I’m serious about the Civ 5 thing. I quit my job at Debevoise just before Civilization 4 was released. I can’t truthfully say that the one thing had nothing at all to do with the other. I’m considering not even buying Civ 5, just because I like writing for you guys. I’m married, for Christ’s sake. A wife, a job, and a new Civ game? Something’s gotta give.
See, I know what I’m getting into when I open the box on certain video games. Hawaii resident Craig Smallwood claims he did not. He’s sued the makers of Lineage II, claiming that the game makers didn’t adequately warn him that its game was addictive.
Shockingly, his lawsuit has survived a motion to dismiss…
The recruiter calls are picking up, and I want out. However, it’s August, and that bonus payout is getting very close. I have an option to get out of here just after Labor Day, but the position might not be open in February.
Should I leave now, or should I hang on, get my bonus, and restart my search in the new year?
– It’s Beginning to Look a Lot Like Christmas
Dear It’s Beginning to Look a Lot Like Christmas,
A few months ago, I would have said some Chicken Soup for the Soul crap, like “your bonus cannot buy you happiness.” That was before my associate friend bought an amazing NYC apartment, and I spent three weeks in a jealous rage…
People are talking about an interesting Slate article entitled “Leaving Big Law Behind: The many frustrations that cause well-paid lawyers to hang out their own shingles.” It’s currently the most-read piece on the site. But it’s actually quite similar, even down to some of the sources, to an article that appeared a few days earlier in Crain’s New York Business:
A lawyer’s hourly billing rate used to be a badge of pride — the higher the number, the more valuable (and supposedly brilliant) the lawyer. But over the past 18 months, a strange phenomenon has been sweeping the legal arena: Partners at major law firms are quitting because they want to be able to charge less for their services.
This is, of course, not a new development. Kash and I wrote about it in a December 2009 cover story for Washingtonian magazine, in which we interviewed a former member of the $1,000-an-hour club who left a large law firm and started his own shop so he could offer clients better value. But all the recent coverage — in Crain’s, Slate, and elsewhere — suggests that the trend is picking up steam.
Which kinds of lawyers are leaving Biglaw to hang up their own shingles? Why are they doing it? And how’s it going for them?
Late last night, we received a tip that has become all too common in the dog days of August. This tipster sent us this letter from the career services office at Georgetown Law:
Haynes and Boone, LLP has just informed us that they will no longer have a summer program in their Washington, DC and Austin, TX offices. Please contact me if you are interested in switching your interview to either the Dallas, TX, Houston, TX, or New York, NY offices or if you would like us to cancel your interview.
These late-breaking summer program cancellations, partial cancellations, or substantive summer-program changes really need to stop…
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
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For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
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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 seven years. You can reach them by email: email@example.com.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!