Before Thanksgiving, we put up an open thread devoted to discussion of the California bar exam. We’re surprised that nobody mentioned this interesting tidbit of news (which we learned about from a tipster via email):
Congratulations, Mr. Krautheimer!
Back in April, at the height of the Aaron Charney controversy, it was rumored that Krautheimer was going to be transferred to S&C’s Los Angeles office. Some speculated that it was to remove him from the New York office, where Brokeback Lawfirm all went down. But if Krautheimer’s move to the West Coast is still going forward, despite the settlement of the Charney lawsuit, we’re guessing Krautheimer has his own personal reasons for wanting to move to L.A.
On our earlier post about the move rumors, a commenter called S&C LA wrote: “No truth to this at all. Sorry, this rumor is just that and nothing more.” Presumably this commenter thinks that Eric Krautheimer — a leading M&A lawyer, and a partner making millions of dollars a year, at one of the nation’s top corporate law firms — took California’s three-day bar exam just for fun.
It must have been strange for a veteran lawyer, almost 15 years out of law school, to be taking the bar next to newly minted law school graduates — including 18-year-old Kathleen Holtz. But then again, former Stanford Law School dean Kathleen Sullivan did it — twice.
On the S&C website, Eric Krautheimer is still listed as based in New York. But expect to see him in L.A. sometime soon, now that he’s a member of the California bar.
P.S. On the S&C website, the link to Eric Krautheimer’s bio was moved from here to here. Was the firm trying to render all of ATL’s links to his bio obsolete? If so, nice try — but nothing that a site-wide “Find and Replace” can’t fix. July 2007 California Bar Examination Pass List [State Bar of California] Earlier: Brokeback Lawfirm: Is Eric Krautheimer Headed for Hollywood?
We’ve been having a lot of fun with Non-Top-Tier Law School Week here at ATL. So we’re extending it, to include all of next week. As we mentioned before, if you have a story idea that fits under this theme, please email us.
As part of this special celebration, each day we’re going to highlight a successful non-top-tier law school graduate, and honor this person as our Non-Top-Tier Law School Graduate of the Day.
Here is today’s winner: Name: Eric M. Krautheimer Law School: Western New England College School of Law, 1993 Current Position: Partner, Mergers & Acquisitions, Sullivan & Cromwell Why He’s Our Winner: Eric Krautheimer is a partner at S&C, one of the world’s most prestigious and profitable law firms. In 2006, profits per partner at S&C clocked in at $2.82 million. Innumerable Harvard-Yale-Stanford grads would KILL to be in his shoes.
The best part of his job: (allegedly) ordering a prissy little Columbia boy to “bend over” and take it (where “it” = a corporate document).
Talk about living the non-top-tier dream!
This is completely unverified — nothing more than total rumor. We’re in the process of following up. But we thought we’d toss it out there, to see if any of you can confirm (or deny).
This is what we’ve heard, from a little bird:
“Eric Krautheimer is probably going to be transferred to Sullivan & Cromwell’s L.A. office.”
Because Los Angeles has such different views on gay issues than New York. And out on the distant West Coast, still reachable only by Pony Express, nobody will have heard of this Aaron Charney guy.
As noted, this is UNCONFIRMED. We’ve left messages with Eric Krautheimer, S&C chairman H. Rodgin Cohen, and a firm spokesperson. We haven’t heard back from any of them. But if and when we do, you’ll be the first to know.
Do you have inside information about the truth (or lack thereof) of this item? If so, please email us (subject line: “Eric Krautheimer”). Thanks. Earlier: Prior ATL coverage of Eric Krautheimer (scroll down)
We previously solicited tips about Sullivan & Cromwell M&A partner Eric Krautheimer, of Aaron Charney v. S&C fame. Alas, we didn’t get much.
Until now. Someone who knows Eric Krautheimer reasonably well has come forward with some helpful information, which sheds some light upon this powerful partner, and places his alleged conduct in context.
Check it out, after the jump.
We tried — we really did. We aggressively solicited reader comments about S&C M&A partner Eric Krautheimer, one of the principal players in Aaron Charney v. Sullivan & Cromwell, to see if he could be made anywhere near as interesting a character as his colleague, Alexandra Korry (at right).
The answer: NO. This comment is representative of many others:
Eric is gruff and abrupt and does not suffer fools or mistakes lightly. I’ve heard him yell and I’ve seen him rant and rave. But at the end of the day he is a genuinely good person who deserves better than being dragged through the mud in this frivolous suit.
We tried to turn Krautheimer into a divo; we tried. But at the end of the day, the dramatic possibilities just aren’t there.
Some folks are rock stars, and other people aren’t. Some people are Scalias, and some people are Souters. It’s that simple.
So back to our favorite S&C partner: Alexandra Korry, the Queen of Mergers and Acquisitions, who most definitely IS a rock star. We love her to the ends of the earth.
After the jump, we discuss this fascinating article about her, from Corporate Board Member Magazine.
In the continuing saga of Aaron Charney v. Sullivan & Cromwell, there are two central “villians” (assuming you take Charney’s side — which is about 60 percent of you).
The first villian is Eric Krautheimer, the partner who allegedly made the “bend over” comment. The second is Alexandra Korry, the M&A queen who allegedly referred to Charney’s “unnatural” relationship with another male associate.
In the pages of ATL, we’ve seen extensive discussion of Alexandra Korry and her rumored personality quirks — but relatively little about Krautheimer. Some of you have chalked up this discrepancy to sexism.
We’d like to make things right. We’ve heard general statements to the effect that Krautheimer is “a nightmare to work for.” We’ve also heard “defenses” of his alleged conduct in Brokeback Lawfirm along these lines: “Krautheimer isn’t anti-gay. He’s just an a**hole — to everyone, gay or straight.”
So we KNOW there are stories out there, although we’ve received little in the way of specifics. We hereby request your tips about Eric Krautheimer, which you can send to us by email.
Here’s one little story that came our way:
An overworked associate went to see Eric Krautheimer. He wanted to quit because of brutally long hours. Eric’s response: “I don’t want to hear about it. I billed 3900 hours last year!”
We’re not surprised. Eric Krautheimer is many things, but he’s definitely not lazy. Over the past few weeks, in which Charney v. S&C has been hogging the headlines, Krautheimer has kept a low profile. He’s immersed himself in his work, doing what he does best: working on big deals.
We’re not that far into 2007, but Krautheimer has already handled some major matters. He was involved in the giant Vornado/Equity Office battle, and after his client walked away from that fight, he plunged himself to the Central Parking/KCPC Holdings transaction. (We hear about these things because we’re on the S&C deal distribution list.)
Perhaps Eric Krautheimer, since the start of Brokeback Lawfirm, has started treating his underlings with greater civility. But we’re sure there is some dirt out there, even if it’s old.
Please feel free to share it with us by email (subject: “Eric Krautheimer”). Thanks! Earlier: Prior ATL coverage of Eric Krautheimer (scroll down)
Here’s some juicy gossip about the case that everyone can’t stop talking about: Aaron Charney v. Sullivan & Cromwell. Some of this information has previously appeared elsewhere, but this letter nicely synthesizes everything.
It’s long, so we’ll post it in two parts. Here’s the first installment:
While I’ve hesitated until now to write, your coverage of Aaron Charney’s lawsuit has been extremely entertaining, if often wildly inaccurate.
Like many current and former associates at S&C, I’m torn between my indifference towards Aaron (who was standoffish at best and somewhat obnoxious at worst) and my recognition of some genuinely negative aspects of the firm as portrayed in his complaint. But ultimately I have to come down on the side of the firm, because from where I sit Aaron’s story — while it may be peppered with, or “larded”, with some actual facts — doesn’t really paint a picture of discrimination or retaliation.
First of all, I think the idea of S&C being anti-gay as an institution is completely laughable. I’ve even heard fellow associates express concern that — all other things being equal — being straight is a liability when it comes to making partner. I’ve never heard a homophobic, racist or sexist comment, although I’ve heard rumors of a few. It’s rumored as well that Aaron himself made a homophobic comment or two in his more deeply closeted days. Who knows. Maybe I just inspire caution in this regard.
It’s arguably a little derivative of an earlier New York Observer graphic (discussed here). But the textual elements are new, and some of the featured individuals are different.
The illustrations are amusing. They’re perhaps the most “pro-Charney” part of the whole article, since they’re so unflattering to the S&C lawyers, who are drawn to resemble animals. H. Rodgin Cohen looks like a frog, and Alexandra Korry looks like a chimp.
Our further thoughts on the article appear after the jump.
We’ve now finished reading Robert Kolker’s interesting and highly detailed New York Magazine article about Aaron Charney (a piece that we’ve been anticipating for weeks). And we do have a few thoughts on it — besides admiration for Ted Partin’s elegant, black-and-white headshot of a trim-but-borderline-emaciated Aaron Charney, at right.
On the whole, the piece is well-researched and thoughtful. It doesn’t contain THAT much new information for people who have been following this case as slavishly as most ATL readers have. But it’s well-written and engaging, a good read.
Also, it’s commendably balanced. In your reactions to it, some have you attacked it as pro-S&C, while others have criticized it as pro-Charney. This strikes us as evidence of the article’s evenhanded nature. You can view it as either pro-S&C or pro-Charney, depending upon your point of view and what you choose to focus on within the piece.
More detailed thoughts, after the jump.
What’s more thoroughly trashed: Aaron Charney’s Biglaw career, or his computer hard drive? You be the judge.
Patricia Hurtado and Lindsay Fortado, of Bloomberg News, have filed an excellent report about yesterday’s court proceedings in the litigation between Aaron Charney and his erstwhile employer, Sullivan & Cromwell. Here’s an excerpt:
A former Sullivan & Cromwell lawyer who destroyed his home computer’s hard drive after being sued by the law firm must be questioned under oath about how and when he did it, a New York judge said.
The judge, Bernard Fried, ruled today after being told Aaron Charney, the lawyer, had computer professionals wipe the computer’s memory clean, took it home, smashed it with a hammer and threw it away. Charney’s attorney Michael Kennedy described the destruction of the computer’s hard drive to the judge.
Thanks to our time in the discovery salt mines, we know that computer forensic experts can pull off all sorts of miracles when it comes to data recovery. But in our non-expert opinion, it sounds like the Charney hard drive is history.
In this case, it’s not a matter of recovering a purportedly “deleted” file that still resides somewhere within the computer’s memory. Thanks to the hammer smashing and trashing, what’s needed here is a physical miracle, of the water-into-wine variety.
Another juicy tidbit from the Bloomberg News report: Charney was told by S&C, during settlement discussions, that they would “crush him like a bug” — delicious!!!
But bug-crushing is a tad cliched. Couldn’t the S&C lawyers have been more creative? Maybe they could have told Charney, “We will shred you into little bits, like a redlined draft merger agreement that has been superseded by a later version.”
More from Hurtado and Fortado — hey, we like the ring of that — after the jump. Update (12:05 PM): Please note that we’ve appended a few additions and corrections to this post since it was originally published.
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.
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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: