Tonight at sundown, the members of the tribe are going to party like it’s 5772 because it’s Rosh Hashanah. For the rest of you, that means that we’ll be celebrating the Jewish New Year. If you’re still confused, you can check out this handy-dandy Jew FAQ.
Anyway, tomorrow Jews around the world will be celebrating the holiday with apples in dipped in honey, cheeks squeezed by bubbies, kugel and challah being eaten, and more motherly nagging than can possibly be described in words. Most of us won’t be at work, if only because in some states the courts will be closed in observance of the holiday.
That’s why we found it strange that one law firm in Florida was pretty much demanding that a deposition take place tomorrow. This is one of the handful of holidays that most Jews celebrate, and here comes this law firm trying to ruin it like we’re actually going observe one of the 500 other holidays we have.
It’s a good thing we have judges to tell these goyim to stick it in their shofar and blow it….
If you want to go to law school but can’t get into an ABA-accredited one, something is wrong with you. Sorry. Maybe you were raped by a scantron sheet when you were young or a freak boating accident left you unable to read brochures, but something is not right if you can’t get into law school but really want to.
And I really don’t care if you had some kind of culturally difficult upbringing or have some kind of trumped-up attention disorder or if you are a deaf-freaking-mute, because I’m sure that intelligent abused orphaned deaf-mutes suffering from ADHD with Daddy issues can easily get into accredited law schools, given the totally minimum barriers to entry into such programs. You have to fill out some forms and take a multiple choice exam without scoring significantly worse than random chance, and you’re in!
A while ago, The Economist came out with an article that we’re just circling back to now. It talked about a book written by Clifford Winston and Robert Crandall, of the Brookings Institution, and Vikram Maheshri, of the University of Houston, in which they argue that there is actually an undersupply of American attorneys, due to the stiff barriers to entry into the profession.
I’m not sure that these guys understand that the barriers to entry — such as they are — aren’t just there to protect lawyer salaries. Lawyers are trying to protect the consumers of legal services too…
You can't get your Family Law syllabus until you fill this cup.
When enterprising Ben Seisler ran short on cash in law school, he didn’t get some boring old job at the library. The UVA graduate put his education to use, realizing that — like Dorothy and her ruby slippers — he had been sitting on top of a gold mine all along. Literally.
The gold mine, it turns out, was located in Ben’s pants. Ben “donated” his sperm to a local sperm bank for $150. Apparently he took this charity work very seriously, as he returned to the bank again during his three years studying at George Mason University School of Law.
It can be said with certainty that the women’s rights movement in this country has resulted in many positive outcomes. We can vote (and drive, too; sorry, Saudi Arabia). We can go to college and professional schools. We can work just as hard as men and earn almost as much. Heck, we can even run for president. What could possibly be wrong with any of these things?
Supply and demand, that’s what.
As more and more women decided to pursue higher education and become members of learned professions like medicine and the law, professional schools had to figure out what to do with all of their new female applicants. Schools in both of these fields figured out solutions. Take a wild guess as to which profession botched the decision….
At the Creating Pathways to Diversity Conference, sponsored by the Minority Corporate Counsel Association (MCCA), there was a great lunchtime discussion called “Her Stories: The Evolving Role of Women in Business and Law.” It featured a panel of heavy hitters: two women currently serving as general counsel to Fortune 500 companies, and a third who previously served as GC to no fewer than four Fortune 500 companies over her career.
What does their rise say about the changing role of women in the corporate legal world? How did they get to their lofty perches? And what advice would they offer to lawyers aspiring to such successful careers?
Judge Jed Rakoff appreciates a man who doesn't know what he's doing.
Don’t worry about investing in a Ponzi scheme as long as you are smart or lucky enough to recoup your money before the whole thing falls apart. That is the upshot of U.S. District Judge Jed Rakoff’s decision to significantly limit the amount of money trustee Irving Picard can seek from New York Mets owner Fred Wilpon.
It’s a huge decision. Because a professional sports franchise is involved (and I’m using the term “professional” very loosely when talking about the Mets), how this impacts Wilpon and the team on the field will dominate most of the headlines and discussions about the ruling.
But make no mistake, Judge Rakoff’s ruling will have a major effect on how much money is ever recovered for victims of Madoff’s shenanigans, and could have an effect on the future liability for all investors in Ponzi schemes….
Oh happy Indian man, you know this globalization trend works both ways, don't you?
Protectionism is a song as old as time. We do it, and other countries do it to us. Every country is trying to figure our how to maximize the benefits of globalization without making their own people join a frenzied “dey tuk er jerbbbs” mob.
And that’s fine. This economic competition is good for standards of living all across the world — unless, of course, it leads to nuclear war.
But sometimes the lack of global reciprocity can become maddening. Take the outsourcing of legal work. For years we’ve been talking about how entry level, “document monkey” jobs are going from junior Biglaw attorneys to cheaper workers in India and a few other countries. Ever since the American Bar Association changed its rules in 2008 and allowed American legal work to be done offshore, competition from India over low-end legal work has been a key factor for those who care about the future of Biglaw.
And yet India remains a closed legal market to U.S. and British firms. Western firms are not allowed to do legal work in India, even though Western firms and clients are free to send work to India at the cost of American jobs.
Does this mean whoever keeps an eye on the Indian legal economy is doing a far, far better job than our own American Bar Association? Sure. But it’s hardly breaking news that the ABA is ineffective.
What’s far more newsworthy is that this fundamental inequity between the two legal markets might be changing — not because the ABA is magically getting its act together, but because Indian authorities might be willing to stop being a$$holes….
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…
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, 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.