* Real Wall Street types opine on Wall Street: Money Never Sleeps. I’m using their input for the screenplay I’m working on, Wall Street: Money Flees America. [Hellerman Baretz]
* Let’s be clear: we need more lawyers. We just need them to work for poor or lower-middle-class clients. Wouldn’t it be awesome if law school tuition came down so that more people could do this work? Otherwise, we might just have to find a way to obviate the need for lawyers altogether. [Truth on the Market]
You have to hand it to the people at Latham & Watkins. Former employees can bitch and moan all they want about being laid-off, but the firm has a certain kind of “star quality.”
Take this story from this month’s American Lawyer. It turns out that when Oliver Stone needed to figure out what was really going on during the height of the recession, he turned to Latham attorneys Alexander Cohen and Brian Cartwright. The lawyers are at Latham now, but their previous government experience gave Stone the inside knowledge he was looking for.
Yesterday we discussed the merger talks that are currently taking place between Akin Gump and Orrick. We solicited your views on a possible combination, and we received some interesting feedback (in the comments and by other means).
Let’s start with the happy stuff. Here are some positive takes on an Orrick / Akin merger, from the comments (yes, positivity in the comments — it happens):
“I have been at both firms and I believe it would be a good fit both geographically and practice-wise. Orrick is almost all about finance, and finance is one key area that Akin lacks real depth.” [FN1]
“#1 Vacuum company in America + #1 brand of cocktail shrimp = unstoppable legal force.”
But it’s not all vacuums and cocktail shrimp, sunshine and puppies. Insiders with knowledge of both firms also identified downsides to a possible Orrick / Akin merger….
Andrew Shirvell, the Michigan assistant attorney general who has decided to launch a smear campaign against a Michigan undergraduate student council president, appeared on Anderson Cooper 360 last night. Shirvell made headlines two weeks ago, when his hate blog against University of Michigan student council president Chris Armstrong attracted media attention. Shirvell claims Chris Armstrong advances a “radical homosexual agenda.” Shirvell’s blog depicts Armstrong with photoshopped swastikas on his face and features all sorts of hateful rhetoric directed against Armstrong. We previously wrote about Shirvell here.
I don’t know if Shirvell thought he was going to get fellated by Larry King when he walked into the CNN studio. But Anderson Cooper was not about to let this unrepentant homophobe have an unchallenged opportunity to spout his hate to a national audience. The best Cooper line: “You seem to be obsessed with this young, gay man.”
Why don’t you check out the video clip, and then we’ll discuss…
Guess we won’t have Kenneth Kratz to kick around anymore. Kratz, aka the Sexting District Attorney, will soon step down as DA of Calumet County, Wisconsin. According to his attorney, Kratz’s resignation will take place before October 8, the date set for his removal hearing. The news was reported on Tuesday by the Associated Press.
Losing his post as chief prosecutor will definitely cramp Kratz’s dating style. He’ll forfeit his high-profile job and its $105,000 salary. He’ll no longer be able to hit on women victims seeking help from his office by sending them text messages that read “Are you the kind of girl that likes secret contact with an older married elected DA?” and “I’m the atty. I have the $350,000 house. I have the 6-figure career. You may be the tall, young, hot nymph, but I am the prize!”
You may have noticed that people working in Big Law are more pissed off than usual lately. And I can’t say that I blame them. The threat of associate layoffs still looms large. A six-figure salary barely keeps you off food stamps. White shoe firms are crawling with bed bugs. And herpes. But it looks like there’s a new kid on the block — a pair of kids, actually — gaining traction as the latest target for Big Law acrimony, at least if the state of affairs in and around my firm is any indication: Boobs. Or more to the point, how front and center they should be when it comes to dressing for work.
Now, arguments over appropriate sartorial choices for the workplace, breast-related or otherwise, are nothing new. Panels have been convened over them. Entire websites have been launched about them. Lawsuits have been waged because of them. But when the argument focuses on the degree of exposure — or lack thereof — of female breasts in the workplace, especially in a legal workplace, that’s when tempers really start to get out of control.
I can tell you’re already starting to get a little hot under the collar, aren’t you? OK, look, let’s all just calm down, take a deep breath, and take a tour of some photographic evidence….
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!
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.