When we last wrote about goings-on at Howrey, the once-strong law firm that’s now experiencing troubled times, we mentioned the possibility of partner losses in the Chicago office. The firm pushed back on this, denying knowledge of any imminent defections in the Windy City.
It now seems, however, that additional partner departures may be on the horizon — in Chicago, and elsewhere too. As reported in Crain’s Chicago Business (via WSJ Law Blog), the Chi-town powerhouse of Winston & Strawn recently discussed a possible merger with Howrey — but then decided against that approach, opting instead to pick off specific groups and partners from Howrey.
The Howrey situation is starting to look a lot like what happened to Heller Ehrman. A well-respected firm with a widely admired culture encounters business difficulties. Key partners and groups (especially IP) start leaving for greener pastures or more stable platforms. A potential white knight emerges — Mayer Brown in Heller’s case, and Winston & Strawn in Howrey’s — but then decides to order a la carte from the menu of partners, practices and offices, instead of going for the chef’s tasting menu.
A distressed employee of the firm sets up a blog to serve as a clearinghouse for updates. Heller had Heller Highwater, and Howrey had Howrey Doin’.
But now it looks like Howrey Doin’ is… done. If you surf over to http://howreydoin.wordpress.com/, the blog’s former address, you learn that “[t]he authors have deleted this blog.”
What the heck happened? We have a statement from the author of the blog, as well as a response from the firm.
But the embarrassment of riches in Riches’s latest complaint should remind everyone why he is still the king of pro se whackjobs. On January 24th, he filed for a temporary restraining order against Jared Lee Loughner, the alleged shooter in the Tucson attacks. Riches claims that if the Bureau of Prisons should transfer Loughner to the Lexington, Kentucky facility that currently holds Riches, Loughner might use “his bare hands or a prison shank to kill me for being a moderate Democrat.”
And if you know anything about Riches, you know that quote isn’t anywhere near the craziest claim in his complaint…
Wow, it’s starting to feel like 2008 (pre-Lehman) up in here! Earlier today, the Dow Jones broke the 12,000 mark. And now law firms — law firms that could treat their associates like dirt and still have have no problems with retention, according to some people — are once again competing with each other in terms of associate bonuses.
[N]eedless to say, I have not read the nineteenth edition. I have dipped into it, much as one might dip one’s toes in a pail of freezing water. I am put in mind of Mr. Kurtz’s dying words in Heart of Darkness — ‘The horror! The horror!’ — and am tempted to end there.
— Judge Richard Posner, in a scathing Yale Law Journal review of The Bluebook: A Uniform System of Citation (19th ed.).
* Rahmbo repeatedly invoked President Obama in legal briefs filed with the Illinois Supreme Court. Name dropping is something not stressed enough in legal writing classes. [Washington Post]
* State legislators are crafting various laws aimed at combating distracted pedestrians. There’s a state senator somewhere saying “This is our sputnik moment, guys!” [New York Times]
* A trial has been set over one Nebraska town’s ordinances that make it illegal to employ or rent to illegal immigrants. The idea of Fremont, Nebraska being choosy about who lives there is like Clint Howard saying he only dates models. [Bloomberg]
* A British lawyer has quit trying to shake down file-sharers. In a statement, the lawyer said, “Figgy pudding, Spotted Dick, aluminum.” But he said aluminum weird. [BBC News]
* Ohio will now use pentobarbital to off their inmates. Not that the state needed all that for the executions, but once you get locked into a serious drug collection, the tendency is to push it as far as you can. [WSJ Law Blog]
President Barack Obama just finished delivering his State of the Union address for 2011. Alas, it wasn’t as exciting as last year, which featured a confrontation between the president and the Supreme Court. This time around, six justices attended — Chief Justice Roberts, joined by Justices Kennedy, Ginsburg, Breyer, Sotomayor, and Kagan — but they were on their best behavior. There was no POTUS v. SCOTUS showdown.
I saw this story on Mike & Mike this morning, and it’s just been gathering steam all day. A Green Bay Packers fan showed up to his job on Monday at a Chicago area car dealership wearing a Packers tie. As many of you know, the Packers defeated their hated rivals, the Chicago Bears, in the NFC Championship Game on Sunday. The man’s boss asked the Packers fan to remove the tie. He refused. The Packers fan was then fired.
When I first heard about this, my initial thought was “Good, serves him right.” I’m not a Bears fan. And I often wear my own sports paraphernalia into the ATL office. But if your boss tells you to take off your gear, you do it. It’s not a hard question for me. I’ll stand up to my CEO on any number of professional issues, but over some team bling? Are you kidding me? It’s called “picking your battles,” or “not being a idiot,” if you prefer.
Over the course of the day, however, more and more media types have been coming to the defense John Stone, the Packers fan who was fired. Some are even saying that this will lead to a wrongful termination lawsuit.
You know how I hate telling the MSM that their cute little puppies are going to die, but does rooting for the Packers make you a member of a protected class now?
* Professor Rick Hasen thinks the Illinois Supreme Court is leaning towards letting Rahm Emanuel back into the race for Mayor of Chicago. Hopefully this means that Emanuel’s lawyer, Kevin Forde, will get his family back really soon. [Election Law Blog]
* Have you ever seen a notary in a bar, drunk, with her notary kit? It’s actually kind of hot. [What About Clients?]
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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 six years. You can reach them by email: email@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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