The attrition rate in Biglaw is legendary. Since the recession hit, associates are less likely to voluntarily abandon a six-figure job and more often believe that you don’t get up and go until they throw you out the door. On the other hand, since the recession hit, associates are less likely to have any choice in the matter should their firm feel the need to reduce headcount. But especially during the boom years when I began practicing, associates frequently left their firm gigs to do all manner of things, from going in-house, to starting a private practice, to hiking across the country, or moving to Nepal.
I worked in large and medium-sized firms for nearly a decade, and during my tenure, I saw an awful lot of associates come and go. Rarely if ever was I surprised to hear the news. In fact, I was usually surprised that others were surprised. In my experience, there are certain tell-tale signs that an associate is crafting a farewell email….
It’s time for your daily dose of Dewey & LeBoeuf news. There’s a lot to cover, including updates about incoming associates, overseas offices, and contingency planning.
Word on the street is that Dewey is deferring incoming associates to January 2013. We reached out to the firm for comment, and they haven’t gotten back to us yet. But it seems logical for the firm to defer associates to early 2013, given how the situation at D&L remains in flux. By next year, Dewey will have a better sense of its ultimate size and its long-term associate needs.
Of course, incoming associates at Dewey might want to make some backup plans. Which brings us to the other D&L news….
Time conflicts are an unavoidable part of litigation. Scheduling and re-rescheduling trials and court hearings — it’s simply part of the litigation process. It’s a pain, but most of the time, an attorney shouldn’t get too much flak for a legitimate scheduling conflict.
But this week, one Bay Area criminal defense lawyer has gotten caught between a rock and two murder trials. A local judge was unhappy when he missed a hearing for one murder case because he was in court for another murder case of in another county. Now he’s facing contempt charges and jail time.
This is just another reason why we really should be investing more in teleportation technology….
Apparently I’m the crazy one here. None of my co-editors think it’s that cool or surprising that a law firm would take a company trip to the shooting range. Maybe it’s because I live in the Bay Area, and the only guns near me are the ones with which gangsters shoot each other.
It’s not like we’ve never mentioned attorneys who know their way around firearms before. We’ve covered the judge who reported pulled his piece in court, and the Supreme Court justices who went hunting together. But this is the first instance we’ve seen of any sort of institutional embrace of fun times with weapons.
Regardless, this New York-based boutique firm is taking the coolest field trip ever. And they aren’t just going to any shooting range, or shooting wimpy little .22′s…
This week, the ITC ruled in favor of Louis Vuitton Malletier in an effort to protect the luxury goods company from a “large-scale international counterfeiting and infringing enterprise” that was reportedly run by Jianyong Zheng and Alice Bei Wang. The pair had allegedly imported, sold, and profited from faux replicas of the fashion house’s iconic toile monogram.
What does this ruling mean for Louis Vuitton, and what kind of remedy will be issued?
Oopsie, it’s been quite a while since we last discussed law-related vanity license plates. We haven’t updated the series in a while, but that doesn’t mean we’re not looking for more photos. So if you’re a fan of our Law License Plates posts, please send some in via email (subject line: “Vanity License Plate”).
Today, we’ll be writing about lawyers who really, really love their law schools. Because hey, let’s face it, with six figures of student loan debt, these educational institutions basically own you. Why not brand your car with your law school’s name and let the world know who you’re enslaved to?
But loan debt and all, we really thought that graduates of the so-called “T14″ could afford to drive nicer cars….
Under extreme pressure from all quarters — well, my wife thought it was a good idea, anyway — I’ve committed to publish a compendium of “Inside Straight” columns in the form of a book. ABA Publishing tells me that, in June, you’ll be able to hold in your hands Inside Straight: [followed by a clever subtitle]! (This obviously remains a work in progress.)
I have two items of good news about the forthcoming book and two requests for your help. First, the good news: The book will not simply be about me; it will also be about you! In addition to reproducing a collection of my columns, the book will include assorted “comments” that you, my readers, have appended to my posts. The book will thus answer many of your burning questions: Do I read the comments? Will I reproduce in the book the nastiest of the comments? (That raises the obvious derivative issue: Am I a self-loathing lunatic?) When I choose which comments to publish in the book, will “Bonobo Bro” make the cut? Will “Concerned Pastafarian”? Find out the answers to those questions — and more! — in Inside Straight: The Book!
The other good news is that David Lat has agreed to contribute a foreword to the book. Whatever you think of the quality of my writing, you know that Lat can write. The foreword alone is worth the entire price of the book!
So much for the good news; now, the requests for your help . . .
This is Elie Mystal, coming to you live from Austin, Texas, and the 2012 conference of the National Association of Law Placement. It’s my favorite annual conference, because every year, NALP just gets all the law school career services officers and all the law firm recruiters in a room, and tells them all the trends in legal hiring. We’re not talking about anecdotal evidence or law firm spin. It’s the one time each year we get to look at some hard numbers.
And in case you live under a rock, let me tell that every year since the recession, the numbers get more and more terrible. Looking at some of these statistics is as close as you can come to physically witnessing a dream die a horrible, mangled death.
This year, the numbers are worse than ever! And that’s the good news. NALP’s Executive Director, Jim Leipold, thinks that we’ve probably “hit the bottom” in terms of new associate hiring, with the class of 2011 suffering the absolute nadir of this process. While he doesn’t know if things will get significantly better any time soon, he figures they pretty much can’t get any worse.
* Judge Jessica Recksiedler has disqualified herself from overseeing George Zimmerman’s murder trial. Stepping up to fill in as ringmaster for this media circus is Judge Kenneth R. Lester Jr. [Washington Post]
* Oh joy, new fee hikes associated with law school! Administrations of the LSAT are going down, down, down, so of course the price to take the test no one wants to take anymore is going up, up, up. [National Law Journal]
* Trying to win at all costs has its consequences. Just ask the New Orleans prosecutors who are now facing bar complaints for allegedly railroading defendants into harsh convictions. [Slate Magazine]
* Hopefully this lawsuit’s descriptions of the rotten chicken that was allegedly served to customers are enough to make you never eat at Kentucky Fried Salmonella again. [Huffington Post]
* “Housekeeping, you want me jerk you off?” Ex-MLB player and housekeeper aficionado Lenny Dykstra was sentenced to 270 days in jail after a conviction for lewd conduct and assault. [Bloomberg]
* Instead of gold, everything Charlie Sheen touches turns into a lawsuit. The producer for his FX comeback series, “Anger Management,” has been sued by another show producer for $50M. [New York Daily News]
* G’day, mates! This just in: if you’re on a business trip down under, you’re entitled to workers’ compensation for any sexual injuries that may occur “during the course of employment.” [Daily Telegraph]
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.