* 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….
Ms. JD is hosting their 2nd annual cocktail benefit to raise money for the Global Education Fund. The event will be held on August 21, 2014 at 111 Minna in San Francisco. Our goal is to raise $20,000 to fund the legal educations of four dedicated law students in Uganda who count on our support to continue their studies at Makerere University during the 2014-15 academic year.
The Global Education Fund enable womens in developing countries to pursue legal educations who otherwise would not have access to further education. According to the World Bank, investment in education for girls has one of the highest rates of return to promote development. In Uganda, more than 45% of women over the age of 25 have no schooling at all, and men are more than twice as likely as women to have access to higher education. Together, we can work to end educational inequality. For more information about the program, please visit http://ms-jd.org/programs/global-education-fund/
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: firstname.lastname@example.org.
We at Kinney Asia have made a number of FCPA / White Collar US associate placements in Hong Kong / China thus far in 2014. Most of such placements have been commercial litigation associates from major US markets, fluent in Mandarin, switching to FCPA / White Collar litigation. Some have already had FCPA experience, but those are difficult candidates for firms to find (this will change in coming years as US firms are now promoting FCPA / White Collar to their 2L summers who are fluent in Mandarin and have an interest in transferring to China at some point).
Legal Week quoted Kinney’s Head of Asia, Evan Jowers, extensively in the following relevant article here.
There is a new trend in the market, though, where mid-level transactional US associates, fluent in spoken Mandarin and written Chinese, are interviewing for and in some cases landing junior FCPA / White Collar spots in Hong Kong / China at very top tier US firms.
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.