After we announced our special event for law students, We Know What You Should Do This Summer, we heard from a number of our readers from outside New York. These law students, from D.C. and South Carolina and elsewhere, expressed apoplectic anger regret that they wouldn’t be able to attend our NYC event and benefit from the wisdom of our great panelists.
So we’ve decided to make a change. As a web publishing company, we’ve decided to take our event to the web. We’re turning this panel discussion into a webcast — or, more precisely, a series of webcasts — which we will post on Above the Law, accessible for free to all of our readers.
Here’s where we need your help. These webcasts will be providing career advice, with a focus on summer opportunities. To make the webcasts interactive with our readership, we’d like to address the issues that are most relevant to you, our readers. So if you have career questions or requests for advice that you’d like our experts to tackle, please submit them to us by email (subject line: “Event Question”). We will review them and pose selected queries to the panel.
Thanks to the readers who took the time to reach out to us about this; thanks to our sponsor, the Practical Law Company (read more about PLC here); and thanks in advance for your questions to the panel. We look forward to reading them, and to hearing what our panelists have to say.
(And thanks to everyone who originally registered for the in-person event; we’ll be issuing you refunds shortly.)
As regular readers know, this is usually the time of year I go to Vegas, blow my bonus, and come back to work a week later angrier than ever.
Well, this year, it’s going to be different. Oh, don’t worry, when I return to Above the Law’s pages on March 14th, I’m sure I’ll be all kinds of pissed off. It just won’t be because a security guard prevented me from committing suicide by MGM lion enclosure.
No, for my vacation — which begins now and ends a week from this coming Monday, in case you’re wondering — I am going to start the process of quitting smoking….
Ed. note: This is the first installment of Size Matters, one of Above the Law’s new columns for small-firm lawyers.
Who am I? I graduated from a top law school in Chicago. (Okay, there’s only two.) From there, I went to work for Biglaw for several years. Or, maybe it was only a year and a half. I am pretty sure that time passes more slowly in Biglaw than in the rest of the world.
Then, I took the path well traveled and went to a small law firm to “get hands on experience,” “more client contact,” and “mentoring.” After almost three years — in real time — at my small firm, I have come to appreciate the unique aspects of practicing law at a small firm and these insights I hope to share with you.
While I do not want to give away the milk for free, I will give you a snapshot of what is to come. Small law firms have actual holiday parties. The holiday parties at my Biglaw firm took place in the lobby which was shared with other tenants when the other employees in the 40+ floor office building were attempting to exit. They served cheap wine and had a cheese tray and hired a high school band called “The Cats” to jam out for the partygoers.
At my current firm, where all employees could fit comfortably in a single floor of the 15-floor office of my former firm, they really throw a party….
Please tell me you're not using that thing to actually take notes.
Here at Above the Law we do market research, just like everybody else. Some numbers just came across my desk that I thought some of you might find interesting.
Who needs the Cooley law school rankings? I have a listing of America’s top law schools based on a metric far more important than the number of books in the library: the number of visits to Above the Law….
I’ve been working in small law firms my whole career — nearly 17 years. I’d like to tell you that I chose this path for carefully considered and noble reasons, but I can’t. In truth, I ended up on the small-firm path for one simple reason:
Let me explain.
Now it’s not what you think. I didn’t turn my back on a BigLaw career to pursue a flaxen-haired beauty. That would almost be romantic, and this is a serious law blog. Ish. No, the story is a bit more prosaic.
I entered Boston College Law School in the fall of 1991. At the time, I had a serious girlfriend (the aforementioned blonde) who was not going to law school. And that became a problem. You see, like most 1Ls, I got caught up in everything that was new about law school: new friends, new challenges, new vocabulary (I mean really: how many jokes should there be with “res ipsa loquitur” in the punchline?). I didn’t realize it at the time, but I paid too much attention to my new law-school world, and not enough attention to my girlfriend.
As we recently mentioned, Above the Law is dramatically increasing its coverage of small law firms. Clients and lawyers are moving in the direction of smaller firms, and ATL is following suit.
In response to our posting for a new small-firm columnist, we received dozens of superb applications (and we thank everyone who applied for their interest). The pool of talent was so strong that we decided to take on not one but two new columnists — doubling our dedicated small-firm coverage, with posts on at least four out of five weekdays (in addition to our existing coverage of small law firms).
Let’s meet our new writers. One of them should be familiar to many of you, and one of them will remain shrouded in secrecy….
(Speaking of jobs, Above the Law has a new jobs board. If you’re looking for a new job, check out all the listings over here. If you’re an employer with a position you’re looking to fill, please email email@example.com. Thanks.)
Today we honor the birthday of the late great civil rights leader, Dr. Martin Luther King Jr.. Dr. King was born on January 15, 1929 (so he would have been 82 today). The holiday of MLK Day is observed on the third Monday of January.
Legislation for a holiday honoring Dr. King was first introduced shortly after his assassination in 1968, but it wasn’t until 1983 that the legislation was passed and the holiday signed into law (by President Ronald Reagan). Observation of the holiday was controversial for a time, but in 2000 it was officially observed in all 50 states.
Although we’re now in 2011 — don’t forget to date your checks properly — we can still see 2010 in the rearview mirror. For example, our 2010 holiday card contest is still going on; you can review the contenders and cast your vote here.
And we still have yet to name a Lawyer of the Year for 2010. Thank you to everyone who responded to our call for nominations. We’ve narrowed down the nominees to a field of ten (although you’ll see only nine options in the poll because one is a joint nomination). As in past years, the contenders run the gamut from distinguished to despicable.
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: