'And then I told him I'd file a motion to compel his a**....'
It’s important to think about — and not just think about, but save for — your retirement. This is especially true now that Social Security is looking less than alluring. (When I see that money taken out of my paycheck, I just kiss it goodbye, forever.)
When it comes to providing for associates and other employees, most large law firms take a fairly straightforward approach: they offer 401(k) accounts, but no matching employer contributions. One of the few Biglaw firms that provided a match, K&L Gates, stopped that policy back in 2007.
With respect to retirement provisions for partners, there’s more variation from firm to firm. Some shops provide for retired partners in very generous fashion. For example, retired partners at Wachtell Lipton can receive annual seven-figure payouts for many years after leaving the firm (although sources at my former firm tell me some of this money represents a return of capital to the retired partners, and as such will vary from partner to partner).
A million-dollar retirement benefit is no doubt very pleasing. But at other firms, aging partners are less content with their arrangements….
Yesterday we covered the divorce of golf sensation Tiger Woods and his stunningly beautiful wife, former model Elin Nordegren. We noted that Nordegren was represented by McGuireWoods. Although McGuireWoods is a top firm, especially in its home state of Virginia, it’s “not known for its matrimonial practice,” as Nathan Koppel of the WSJ Law Blog observed.
How did McGuireWoods land this plum assignment? Several of you pointed it out in comments, and Brian Baxter reported on it over at Am Law Daily. The short answer: family ties. To quote the slogan of McGuireWoods: “Relationships… drive results.”
A statement issued yesterday by the divorcing couple noted that Nordegren was represented by, among others, a McGuireWoods attorney by the name of Josefin Lonnborg. The divorce was filed in Bay County Circuit Court, Florida; Josefin Lonnborg practices in London. Why was a corporate lawyer out of the U.K. involved in a U.S. matrimonial case?
Here’s why: Josefin Lonnborg and Elin Nordegren are twin sisters. And despite her impressive legal credentials — Lonnborg speaks fluent English and Swedish, has worked at law firms in Stockholm and London, and has a Master of Laws degree from the London School of Economics — she is more than just “lawyer hot.”
Yes, we know: pictures or it didn’t happen. So, pictures.
Warning: although the images below are perfectly safe for work, gentlemen may wish to be seated at desks before viewing, to avoid unseemly displays of… enthusiasm.
So perhaps it shouldn’t be surprising that a former Wachtell partner has gotten the best of his ex-wife in contentious divorce proceedings. Leigh Jones of the National Law Journal reports:
It may have been the result of some crafty legal maneuvering by a Wachtell, Lipton, Rosen & Katz partner, or it may have simply been part of his tempestuous marriage to a “European Playmate” nearly 30 years his junior. Whatever the reason, the now-retired partner has thwarted a second bid by his ex-wife to invalidate a prenuptial agreement and collect a share of the annual retirement payments that he receives from the firm.
The Appellate Court of Connecticut, in a decision released on Thursday, affirmed a divorce judgment between retired Wachtell partner Peter McKenna, now 72, and Roberta Delente, a one-time model from Brazil who was working for an agency called “European Playmates” when the couple met in 1997. She was 32 at the time.
The divorce judgment left Delente, from whom McKenna sought a divorce less than a year after their wedding in August 1999, with virtually nothing from the marriage.
Let’s cut to the question that everyone is curious about: How big is McKenna’s (retirement) package?
UPDATE: And how hot is Roberta Delente? We’ve added a photo — as well as a link to the appellate court’s opinion, but that’s less exciting — after the jump.
How is everybody doing this day after bigotry was dealt a setback? Based on an Above the Law reader poll, about 80 percent of you think that Chief Judge Vaughn Walker (N.D. Cal.) did the right thing when he struck down California’s Proposition 8.
So gay people in California may soon be able to engage in the lovely “sh** or get off the pot” conversation that dominates the life of every guy who has been dating the same girl for more than a couple of years. Yay, congratulations!
But are gays and lesbians really sure they want marriage equality? After the cake, the reception, and the honeymoon, there are a bunch of… obligations that attach to marriage. Just look at New York. We don’t even have gay marriage here, and yet same-sex partners will find themselves on the hook for all sorts of things…
Marriage: an institution so sacred that two gay guys could ruin it with their love and commitment. But someday soon we might be able to get out of this sacred tradition using our phones.
Already there’s a company offering some basic divorce information via iPhone apps. Robert Ambrogi’s Law Sites has the news:
If you’re married to your iPhone but not so sure about your spouse, then DivorceApps.com may have just what you need. It is developing a series of iPhone apps designed for people who are considering or in the process of divorce.
Brilliant. Just as the digital age is opening up new ways for divorce lawyers to be effective, technology might be able soon obviate the need for most divorce lawyers altogether…
Bad boys, bad boys, whatcha gonna do? Left to right: John Michael Farren, Scott Rothstein, Michael Margulies.
For some reason, today brings lots of news about lawyers and the criminal justice system. And we’re not talking about lawyers representing clients, but lawyers who are the clients: John Michael Farren, the former White House lawyer accused of attempting to murder his wife; Scott Rothstein, the Florida attorney who ran a massive Ponzi scheme; and Michael Margulies, the former Lindquist & Vennum partner who misappropriated millions in client money. We’ve decided to hit this rogues’ gallery in a single, omnibus post.
Let’s start with John Michael Farren, the former Bush Administration lawyer and Xerox general counsel charged with attempted murder and first-degree strangulation of his wife, Skadden counsel Mary Margaret Fadden. As reported by the ABA Journal, John Farren has posted $750,000 bail and been released to the “Institute of Living” — which sounds like a fancy spa where you eat seaweed and do yoga, but is actually a mental hospital in Hartford.
The news coverage also reveals that the wealthy couple’s divorce has been finalized. How were their millions distributed?
I am a self-proclaimed family man. My wife and I have open communication about everything, whether it is small things such as who is going to take out the trash, to bigger things such as communicating our sexual desires.
We’re all in favor of open communication about sexual desires, but why does this Thomas Cooley law grad want to share it with those reading his bio?
My Marriage Matters is a non-profit organization that strongly believes in the union of marriage. We acknowledge there are infinite obstacles that stand in the way to a happy, long-term marriage but we encourage couples to work through those obstacles together. Divorce should not be considered an option when you decide to say “I do”.
So what kind of attorney is Ryan Hill? A divorce attorney.
When one starts digging, this all gets stranger and stranger…
You’ve got to love lawyers sometimes. If nothing else, they’re a resourceful group of people. If there is information out there that can help win a case, you can count on a lawyer to find it, massage it, and use it to their client’s advantage. What makes a good lawyer? Research, baby, research.
We’ve mentioned before that divorce attorneys have figured out how to use incriminating text messages to their advantage. So it should really come as no surprise that divorce attorneys are also using Facebook to dig up information on the soon-to-be-ex spouses of their clients.
If anything, the only surprising thing is how stupid people are on Facebook even when they are in the midst of active litigation. CNN had a nice story yesterday, documenting this trend:
Before the explosion of social media, Ken Altshuler, a divorce lawyer in Maine, dug up dirt on his client’s spouses the old-fashioned way: with private investigators and subpoenas. Now the first place his team checks for evidence is Facebook…
“Facebook is a great source of evidence,” Altshuler said. “It’s absolutely solid evidence because he’s the author of it. How do you deny that you put that on?”
What kind of idiots put something on Facebook they don’t want their spouse to see? Apparently, the cheating kind….
We’ve been following the legal wranglings between SAC Capital’s Steve Cohen and his ex-wife, Patricia. Why wouldn’t we, how often does an ex-wife file civil RICO charges against a billionaire?
Initially, Patricia Cohen retained civil RICO expert, Paul Batista. Apparently, Cohen and counsel didn’t see eye-to-eye. Batista withdrew the initial suit and Cohen retained Gaytri Kachroo of McCarter & English.
But the drama doesn’t stop there. Patricia Cohen might at times act like she has a little bit too much in common with Glen Close in Fatal Attraction, but it’s Batista who won’t be ignored…
Watch to find out what some of our subscribers received in their May box!
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We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at firstname.lastname@example.org in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
The last time I flapped my wings your way, I tried to make at least enough noise about your mobile phone to make you more than a little bit uncomfortable. I hope I did. If enough of us become anxious enough about the known and unknown unknowns and knowns in our mobile phones, then we can start making wise decisions about how to manage that information and its resultant investigations.
Today, I’d like to put a finer point on the last installment’s topic by asking a question that seemed to catch most attendees off-guard at a conference panel that I moderated last week: is there discoverable personal information in a mobile app? Our panelists’ answer was a uniform “yes” with one stating that, if he had to choose only one type of data that he could discover from a mobile phone, he’d choose app data. Why? Because there’s simply so much of it and because almost all of it is objective – not just user-created like an email – but machine-tracked like GPS, usage duration, log in and log out times, browsed web addresses, browsed actual addresses. Also, most of us seem to have the idea that data doesn’t actually “stick” to our mobile devices the way it “sticks” to our hard drives. Maybe there’s a disconnect based on the fact that our phones are mobile so we assume the data is mobile to?
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