It seems as if everyone is breaking up these days. Indeed, I was shocked yesterday to learn that Heidi Klum and Seal have separated. I felt blindsided when I heard that Johnny Depp and girlfriend Venessa Paradis were calling it quits after 14 years together. And don’t get me started on Aretha.
In my practice, I have represented many small law firms going through the same fate as my girl Heidi. At some point, loving partners decide they hate each other. One splits off into his own firm and the group goes through a messy “custody” battle for clients, partners, associates, and staff. Are small-firms and Hollywood it-couples all destined for messy break-ups? Is there something that can be done during the formation of the partnership, or at some point during its healthy existence, to prevent such endings?
To find out, I asked two experts on relationships: (i) my grandma, who has been happily married for more than 60 years, and (ii) my divorce lawyer friend, who, through observing the most horrific divorces, has identified key preventative measures. Here are the top five tips for maintaing a healthy partnership — in law and in life — or at least ending one gracefully….
As mentioned previously, the next few State of the Market posts by Lateral Link, as compiled by Director Gary Cohen, will focus on one of the country’s largest states — Texas.
The strongest market in Texas is Houston, with some of the strongest candidates being those with corporate, capital markets, or finance experience. A close second is Dallas, which is also the focus of this post….
Wait, you expected a real burning man? Well, that's just silly.
As you know, some people have taken to suing law schools because despite the education and expense, they find themselves unemployed.
Suing people is such an American way of handling a problem. “Wahhh, your system took advantage of me and thousands like me. I’m angry. I’m gonna sue you, and even if I lose, it’ll make you all sadfaced.”
In other parts of the world, they know how to freaking protest a scam:
A 27-year-old Moroccan who set himself on fire to protest his unemployment died from his burns Tuesday in a Casablanca hospital, his wife said.
[T]his might be a helpful alert to lawyers who are hiring someone to try to promote their sites: It’s possible that the promotion might consist of behavior that is par for the course for purported penis enlargement products, but not really in keeping with the sort of reputation that lawyers generally seek to cultivate.
– Professor Eugene Volokh, issuing a warning to lawyers that hire outside companies to promote their law firm websites using spam blog comments.
It has already been a big week for legal technology. Yesterday, the Supreme Court handed down its opinion in United States v. Jones. The case dealt with emerging fourth amendment and privacy issues now that law enforcement have increasingly advanced technological abilities.
Well, law enforcement in the city of East Orange, New Jersey have also embraced technology in the fight against crime. Unlike law enforcement in Washington D.C., however, East Orange’s brilliant new plan involves shining a remotely controlled red light at would-be criminals.
Below the jump we have video footage of Hal this cool, new, swiveling stoplight….
Perhaps this is something that you’ve noticed: women who are newly engaged tend to brag about the way their fiancé proposed to them. And whether the proposal was bland or spectacular, it’s all these women seem to want to talk about.
So, what happens when you’ve got two criminal cases pending against you, and your boyfriend is just dying to pop the question? What happens when that same boyfriend has an order of protection against you due to allegations of domestic violence? Is that the kind of backstory you’d want to tell all your friends before spilling the beans on how your fiancé asked for your hand in marriage?
Apparently, the answer to the last question is “yes,” because this unlucky couple’s engagement tale was published in the local paper for all the world to see….
The news of the day is that GOP frontrunner Romney released the previous two years of his tax returns. Romney’s 2010 adjusted gross income was $21,661,344. His estimated AGI for 2011 is $20,901,075. If all of that income was taxed at the highest tax rate, Romney would be paying around $7 million in federal taxes. But only true idiots and Republicans trying to scare people in election years actually believe that wealthy people pay anything approaching a 35% income tax in this country. Instead, Romney’s effective tax rate was about 14% in 2010 and is estimated to be around 15% in 2011. My effective tax rate was higher than Mitt Romney’s in 2010, and I don’t even get to like firing people.
But Romney is trying to spin his tax returns as an example of how “complicated” that tax code is. And the mainstream media is overwhelmed and helping to push that line. But these taxes are not complicated for a tax lawyer — and when you make $20 million a year, you can afford some good ones, so doing your taxes is about as complicated as writing a check for legal fees…
“Oh, What a tangled web we weave, When first we practise to deceive,” said Judge Guy Anthony, quoting Sir Walter Scott’s poem Marmion, as he sentenced British Biglaw attorney Francis Bridgeman to 12 months in prison on Friday. The former Allen & Overy (A&O) and Macfarlanes partner, who had already had his membership of the latter firm’s limited liability partnership terminated, then collapsed in the dock.
Until recently, Bridgeman, 43, was just another hotshot Biglaw equity partner enjoying a millionaire’s life-style. Educated at Oxford University, he joined Magic Circle firm A&O in the early 1990s and rose through the ranks so quickly that he made partner in 2000, aged just 32. Having got married, he bought a big house in the countryside outside London and became a governor at a local school. Three years ago, he capitalised on his success by moving to boutique financial law firm Macfarlanes, where profit per equity partner is still high for U.K. standards (last year it came in at £752,000) but the hours and stress are generally considered less than at the likes of A&O.
Then, on April 6 2010, everything changed for Bridgeman, in the most unexpected and surreal way….
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 (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), 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.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.