Is lateral partner hiring a game of musical chairs that law firms can’t win? Anecdotes about unsuccessful lateral hires abound. You hear stories about high-profile partners moving from Firm A to Firm B, often lured by huge guarantees, only to leave Firm B a few years later, after failing to integrate or deliver the expected business.
And some of the most successful firms in all the land, places with immense prestige and sky-high profits, do very little lateral hiring. Their refusal to engage in the lateral market hasn’t seemed to hurt them.
When it comes to lateral hiring, should firms “just say no”? Well, that’s not what’s actually happening in the marketplace. Last year, lateral partner hiring climbed, suggesting that it must be working out — at least for some firms….
‘If only I had an eDiscovery solution for compliance and discovery requests to efficiently manage, identify, analyze, and produce potentially responsive information from a single, unified platform. Of course, it would be hosted in a private, cloud-based environment.’
While technology has reduced costs for many areas of legal practice (e.g., research), the centrality of electronically stored information to complex civil litigation has sent discovery costs skyrocketing. Hence the rapid proliferation of e-discovery vendors like so many remoras on the Biglaw shark. Nobody seems to know how large the e-discovery market is — estimates range from 1.2 to 2.8 billion dollars — but everyone agree it’s not going anywhere. We’re never going back to sorting through those boxes of documents in that proverbial warehouse. New amendments to the FRCP specifically dealing with e-discovery became effective way back in December 2006, but if the e-discovery vendors (evangelists?) at this week’s LegalTech tradeshow are to be believed, we are only in the technology’s infancy in terms of its development and impact on the legal profession.
At LegalTech, we attended a “supersession” presented by e-discovery provider Planet Data, promising to present “judicial, industry, legal, and media perspectives on where legal technology is taking litigation and how it affects you.” Don’t be jealous….
Ed. note: This is the third installment in a new series of monthly posts, brought to you by Corporette’s Kat Griffin, which will deal with topical business and lifestyle issues that present themselves in the world of Biglaw. Send your ideas for columns to us here.
One of the biggest sartorial challenges that both men and women face is looking professional in bad weather. Whether it’s slush, snow, rain, or just absolutely freezing temperatures, showing up at your office, meeting, or court appearance looking like the abominable snowman is usually frowned upon.
So how can you look your best but also stay warm and dry?
I was grateful that Quinn Emanuel sent me to Los Angeles for a multi-week long, intensive trial advocacy training program. The instructors were incredible and the program overall was one of the most valuable training experiences of my career.
Some of the sessions featured practice drills followed by critiques from practicing attorneys. In one of the sessions, that “mentor” role was filled by a junior partner in a well-known firm. He had long, wavy hair and wore a tight silk shirt with the top several buttons open, exposing his chest hair and gold chains. His cologne should have been arrested for olfactory assault. If you think of a 1980s hair-metal band you will get the right idea.
Creepy-looking Mentor was constantly flipping his hair and paying far too much attention to the young, female associates. (He seemed to think it was particularly important to help them with their cross-examination posture, as he made a point of standing behind them and guiding them like a golf or tennis pro might do.)
Even though the program was only “practice” — cue Allen Iverson — there was a lot of pressure because many firm partners were there watching and, presumably, evaluating us. In this particular session, the associate doing a cross examination was very nervous, and visibly shaking. When the associate was finished, Mentor said he had a relevant war story he thought would be helpful to share, and did so….
For some people, passing the bar exam is really easy. Some people (ahem) can spend three years of law school with a BAC level approaching “flammable,” sober up for six weeks of BAR/BRI, pass the test, and move on with their lives. People who pass the bar aren’t necessarily “smart.” But they do well on standardized tests.
Other people have a real problem with the bar. Those people aren’t necessarily stupid or lazy. For the most part, bar failure happens to people who don’t standardize-test well and are pointlessly trying to memorize “all” the information instead of being taught how to prioritize the information they have.
Of course, people who don’t standardize-test well and have problems prioritizing information don’t suddenly start doing poorly on the bar exam. They probably lost points on the SAT, but maybe their raw intellectual capacity powered them through to a decent enough score. Maybe they did well at an average college, and then BOMBED the LSAT (which exists to punish people who don’t prioritize information correctly). So they end up going to a low-ranked law school, but they haven’t addressed their testing problems because they think the LSAT was just “one bad day.”
These kind of people spend three years making excuses for their LSAT scores, developing huge chips on their shoulders about how they’re just as smart as people who scored ten points higher (as if standardized tests give a damn about how smart you are), and figure they’ll rock out on the bar because, “Derp, I got an A in evidence, so I’ll ace that section, derp.” And then wham, the bar hits them upside the head, they fail, and they blame their law school, their professors, and the exam itself.
Since drops in bar passage rates make law schools look bad, one law school has an innovative approach to reach kids before they run into a bar exam buzzsaw. And it starts with giving them cash….
Yesterday brought word of a law firm shooting in Phoenix in which a partner was injured. Today we have news of more gun violence, this time from Texas, resulting in the death of a prosecutor.
This morning, an assistant district attorney in Kaufman County, Texas, was shot and killed outside the courthouse. Assistant District Attorney Mark Hasse was on his way to misdemeanor court when he was ambushed by two men and gunned down.
The situation is still developing, but here’s what we know right now….
Have you been holding off on buying your copy of Supertrain: The Complete Series in hopes of downloading it illegally without fear of reprisal? Well, you have a friend in Antigua & Barbuda.
In a Monday decision by the World Trade Organization, Antigua & Barbuda can now legally offer downloads of copyrighted U.S. works, and there’s not a damn thing the U.S. can do about it.
The decision marks the latest chapter in the long-running trade dispute between the U.S. and the tiny Caribbean nation over Antigua’s internet gambling industry. The U.S. banned Antigua’s internet casinos, Antigua took the U.S. to court through the WTO, and Antigua won — and has continued to win — consistently throughout the appeal process.
And now, in what passes for the sentencing phase of the WTO proceedings, Antigua has earned the right to violate the hell out of U.S. copyrights up to the value of $21 million a year.
We are going through a revolution in law with a time bomb on our admissions books. Thirty years ago if you were looking to get on the escalator to upward mobility, you went to business or law school. Today, the law school escalator is broken.
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.