Derek Jeter is retiring. If you follow sports, you know that one of the most overrated players in history is calling it quits. If you don’t follow sports, you probably also know this.
A few days ago, Jeter hit a foul ball (he has problems hitting balls in play at this point). Blue Jays third baseman Danny Valencia threw the ball to a dad, who gave it to his daughter, who promptly threw the ball back because little kids like to throw things.
UPDATE (9/25/2014, 4:56 p.m.): The embed appears to be broken. We will continue to try and fix it. In the meantime, the video is available here:
Ed. note: This is the latest installment in a series of posts Lateral Link’s team of expert contributors. Michael Allen is Managing Principal at Lateral Link, focusing exclusively on partner placements with Am Law 200 clients.
Every week I hear both good and bad stories about legal recruiters from both associates and partners.
From strong regional names like Alan Miles and Kay Hoppe, to larger international firms like MLA Global and Lateral Link, we all share some common practices, but also operate very differently with our clients and candidates.
There are quite a few names I won’t mention, who regularly garner the attention from partners and associates for questionable recruiter practices.
In a practice that involves highly confidential matters, it is important to chose a recruiter that is servicing your needs and not their own. I compiled a list of six telltale signs your recruiter may not be prioritizing your interests in your search for a new firm.
It’s the one about the tech-illiterate Biglaw associate (I know, you’ve heard that one) who walks away from her promising career at one of the most prestigious law firms in the country . . . to invent a new category of software. . . for litigating! A magical software program that makes you better as a litigator and is so cool that you wish you thought of it yourself.
For this next profile in legal entrepreneurship, I’m excited to introduce Alma Asay, creator of Allegory. You may not have heard of Allegory yet, but pretty soon, it will be a household name for every litigator who wants to be at the top of their game.
Alma’s story has a special place in my heart because she is living my dream: bringing her success in Biglaw to the whole legal community through the wonders of technology. I met Alma earlier this year in Palo Alto, where she was embracing her inner Silicon Valley and I was speaking at Stanford Law’s awesome CodeX FutureLaw conference. We chatted over cocktails about the legal industry, law firm shenanigans, and life after Biglaw for those of us who didn’t run away screaming. I loved her stories of adventures in legal startup, and her product. Hopefully, you will too.
(Did I mention I get paid by the click? I’m kidding, but really, keep reading . . . this is a good one).
1. It’s all meant in good fun. Don’t send me nasty emails if you don’t agree with something I write.
2. Read Rule #1 again.
A little background for those of you who don’t know. Lexpert has a methodology for divining the best law firms and lawyers by practice areas. I have no idea what the methodology is and I don’t care. I think all ranking methodologies are next to useless. What is important is once you declare you’re going to rank something, and put those rankings into a glossy magazine, people (lawyers and clients) put some stock into them. Lexpert could use a Capuchin monkey to pick names out of a hat and a lawyer would still brag to her mom if she was named one of Lexpert’s leading attorneys.
Lexpert has four categories: Most Frequently Recommended, Consistently Recommended, Repeatedly Recommended, and Everybody Else. Okay, it doesn’t use Everybody Else, but you get the drift. You’re either in one of the Recommended categories, or you’re on the outside looking in…
Now, I don’t consider myself the most religious person you’re likely to meet. But I’ve had my fair share of Judeo-Christian indoctrination. And there is one phrase that has always stuck with me: “There but for the grace of God go I.”
Sure, I mostly remember the phrase as my Nana would cluckingly utter it, in a tone that seemed far less Christian than a strict textual interpretation might suggest, but the point remains. Sometimes it is necessary to appreciate the dumb luck and seemingly small and inconsequential decisions that separate your good fortune from those with far less.
That is certainly how I feel about the poor, dumb bastard who had the audacity to take on Biglaw….
* The United States is launching air strikes against ISIS in Syria and Iraq, but some have been compelled to wonder whether it’s legal under international law. Of course it’s legal, under the Rule of ‘MERICA, F*CK YEAH! [BBC]
* Dewey know whether this failed firm’s former COO can get out of paying $9.3M to its bankruptcy trustee? Dewey know whether we’ll ever be able to stop using this pun? Sadly, the answer to both questions is no. [WSJ Law Blog]
* Marc Dreier of the defunct Dreier LLP has been ordered to testify in person in his firm’s bankruptcy case in Manhattan, but he’d rather stay in the comforts of his prison home in Minnesota. Aww. [Bloomberg]
* Dinesh D’Souza won’t have to do hard prison time for his campaign-finance violations. Instead, he’ll be spending eight months in a “community confinement center,” which sounds just peachy. [New York Times]
Eventually, we will live in a country where we are all victims of bullying. We will all be victims of cyber-bullying or schoolyard bullying or workplace bullying. Then we can all cry about it over a glass of wine and talk about our feelings. And our evolution into France will be complete.
We’re not there yet, but a new study seems like an important data point on our slow decline into perpetual butthurt. Business Insider reports on a Career Builder survey where people in management were more likely to say that they had been bullied at work (27%) than people in entry-level jobs (26%).
Now sure, some of that is just probably due to career length. On your way up to the top (or to the middle, as it were), you probably have had more opportunities to be bullied than a new worker. But, you know, there was a time in this country when the boss wouldn’t bitch and moan about how mean other people have been to him.
That time is evidently over. My God people, you should just check out what some of these people even count as bullying…
On Monday night, the Young Lawyers division of the UJA-Federation of New York hosted Professor Laurence Tribe to speak about his career, the Supreme Court, and the importance of approaching the law as “a profession rather than a business arrangement.”
Professor Tribe also had an opportunity to comment on Justice Ginsburg and Supreme Court retirements, Citizens United, the mood of the Court, and the recent controversy around his support for the California teacher tenure lawsuit.
…and I got a chance to have some first-rate cookies and rugelach. So an all-around success.
My client — a second year corporate associate working in a foreign office — compared remaining at her Biglaw firm to eating cockroaches.
“You know, on one of those reality game shows where they dare you to eat a bucket of cockroaches and they’ll pay you a million bucks if you do.”
I requested she elaborate.
“My point is, at some juncture you stop and think — and this is probably a rational part of your brain: Hell, for a million bucks, I’ll do it. I mean, for a million bucks, you’ll do anything, so long as you can get it over with in a minute or two. The plan is to keep repeating in your head a million dollars a million dollars a million dollars until — bingo! — all done, and you’re rich.”
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: