Lateral interview season is about to kick off. You’ll likely see several law firm vacancies pop up early in the new year as firms struggle to find replacements for attorneys who jump ship after receiving their year end bonus.
In preparation for the upcoming interview season, the recruiters at Lateral Link have compiled a list of the top five tips to help you ace your next law firm interview.
1. Be prepared: Preparation is key. Do not try and “swing it” and go to an interview unprepared. Understand what is at stake when you go into an interview — getting hired. Back in the good ole days, your résumé alone was sufficient to get you a job. The interview process was merely a formality and a way for firms to screen out people who were completely socially inept. Today, the résumé is only one component of your candidacy….
Over the weekend, the New York Times unleashed a feature article about the role of the American Bar Association in keeping the cost of legal education absurdly high. The school profiled in that article, which we talked about yesterday, was Duncan Law School, which was seeking provisional accreditation from the ABA.
The article, by legal academia bête noire David Segal, came out in print on Sunday. Everybody talked about it on Monday. And today, on Tuesday, the ABA denied Duncan its provisional accreditation.
That’ll teach these law schools to get chatty with the mainstream media about this little legal education cartel they have going here…
Since time immemorial (or at least since the advent of computers), PCs have ruled the law office technology world. As iPhones and iPads have become more popular, Apple products have begun encroaching on the PC’s long-standing dominance of the workplace.
But who would’ve thought that Apple would actually be taking over, even in the technophobic realm of law?
A new legal survey shows just how much attorneys love their Macs. Let’s look at the results, and maybe find some gift ideas for the holidays….
[A] law school could literally burn a huge sum of money and, as long as the flames were meant to teach something to the students — the craziness of the U.S. News algorithm, perhaps? — the school would benefit in the rankings.
This actually happened last Wednesday — but, due to the less-than-exciting nature of the news, we doubt anyone has been prejudiced by our delay in reporting it. The law firm of Dewey & LeBoeuf announced associate and counsel bonuses, on the Sullivan & Cromwell scale (i.e., the Cravath scale, but topping out at $42,500 instead of $37,500).
Even if not surprising, it is nice that Dewey is matching market. As you may recall, Dewey made our list of the top ten most generous law firms — i.e., ten firms that generally match Cravath-level bonuses, despite having significantly lower profits per partner than Cravath. Partners at these firms take a financial hit to keep their associates happy.
Just like last year, there are a few footnotes to the Dewey bonus news that merit comment. And there’s some positive news for top performers, too….
You know that it’s the holiday season when your inbox begins to fill up with holiday cards. Some are cute, some are clever, some are heartfelt, and some come from people and companies you don’t even remember meeting or doing business with.
And even though these people can’t be bothered to spend the time and money necessary to send real holiday cards in the mail, they still took a few minutes out of their day to send an email. At least sending out a holiday card via mass email gives the appearance that the sender cares about you. As many mothers would say, it’s the thought that counts.
So what happens when a law school sends out a holiday card, but completely botches it? This New York law school previously provided walking instructions to its students, but maybe the administration needs instructions on how to send out emails that are a little less insulting….
Schulte Roth & Zabel really came up with a creative way to make this terrible bonus season even worse for SRZ associates.
Schulte is matching the Cravath scale, but not all at once. Half of the bonus is being paid now, the other half in March. It’s Schulte’s way of issuing a retention bonus without actually spending any extra money.
It also sets Schulte up nicely to avoid paying spring bonuses next year. Not that Schulte management really cares what people think about them. The firm didn’t pay spring bonuses last year. Even though the firm is making people whole with a “spring bonus” payment to those who should have gotten one last spring, the money is still tied to hitting 2011 hours targets.
It’s really one of the most disingenuous bonus memos we’ve seen. While technically the firm is matching Cravath, it’s doing it in a nickle-and-dime way that makes it pretty clear the Schulte partnership begrudges every last cent they have to pay out in bonuses.
If the associates don’t like it, they know where the door is….
What draws people to the practice of law? Some do it for the paycheck, some do it for the prestige, and some do it for the excitement and fun of it all.
Veteran New York litigator Edward Hayes belongs firmly in the final camp. Although he has amassed fame and fortune over almost four decades of practicing law, his legal career reflects a quest for adventure.
And what adventures Hayes has had. After graduating from the University of Virginia and Columbia Law School, he joined the Bronx District Attorney’s office, where he prosecuted homicides (which there was no shortage of in the Bronx in the 1970s). He then launched his own practice, handling civil and criminal matters for such clients as the estate of Andy Warhol, notorious “Mafia cop” Stephen Caracappa, acclaimed architect Daniel Libeskind, actor Robert De Niro, celebrity editrices Anna Wintour and Tina Brown, billionaire publisher Si Newhouse, and then-paramours Sean Combs and Jennifer Lopez (after they were arrested together back in 1999).
Eddie Hayes has even found his way into literature. He served as the basis for Tommy Killian, Sherman McCoy’s defense lawyer in Tom Wolfe’s great novel, Bonfire of the Vanities. Wolfe dedicated the book to Hayes, a close friend of his for many years.
This past summer, I enjoyed the privilege of spending a day with Ed Hayes. We met up at Penn Station and took the train out to his vacation home in Bellport, Long Island, where we enjoyed a leisurely lunch, dining outdoors and overlooking the water. (There are Lawyerly Lairs-style photos of his house, after the jump.)
During our time together, Hayes reminisced about his extraordinary life in the law, offered career advice for fellow lawyers, and showed me how to properly prepare a caprese salad….
Over the weekend, I had dinner with a friend of mine who used to work as a paralegal at a small law firm. She told me about how one year, for the holidays, all the lawyers chipped in to get her a gift certificate to a spa, so she could get herself a massage.
I said it sounded like a nice gesture. This was not the reaction my friend was going for in telling the story; she viewed the gift as an insult. Her view: Christmastime is the time to show me the money.
I can understand that perspective for secretaries or administrative assistants. As we’ve discussed before, if you’re an attorney you should give your secretary a holiday gift that’s either cash or a cash equivalent (like an AmEx or Visa gift card). As a legal secretary once told us, “if you decide on giving gift certificates [to specific stores], I sincerely hope your next bonus will be paid in the same currency.”
But paralegals, at least at large firms — my friend who got the massage certificate worked at a small firm — are a trickier proposition. Over the course of a year in Biglaw, a lawyer might work with many different paralegals, on a wide range of matters. Are you expected to give gifts to all of them?
So what should a lawyer do with respect to holiday gifts for paralegals? And, of course, what’s the “going rate” for holiday gifts for secretaries in 2011?
Let’s conduct some reader polls, and open up the comments for discussion….
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.