‘Out of balance’ is a type of balance, when you think about it.
ATL reader opinion was sharply divided over that recent law firm partner “Hang in There Baby/This Too Shall Pass” email. You’ll recall that the partner was seeking to reassure her younger colleagues who face the challenge of balancing the demands of the Biglaw grind against those of motherhood. Her message: eventually things will be better.
Only a few years ago, when the author was a new mother, she found herself “in the fetal position (ed. note: see what she did there?) on the kitchen floor so completely spent that honest to God I did know how I could get through another day.” Things improved; now the partner can promise her younger counterparts that “one day in the future,” when the kids1 can talk and brush their own teeth, “you will bake a pie and wear clean pants.” In between all-nighters prepping for trial, of course. While some found solace in this message, others found it to be cold comfort at best.
Let’s put aside whether one thinks the partner’s advice is uplifting or risible. For the sake of argument, if the legal profession — specifically law firms — is truly trying to foster the advancement of women attorneys, we can all stipulate that the effort is thus far a failure. What is going on when a fit of despair on the kitchen floor is such a “relatable” thing?
* Federal judges still have financial allegiances to their former firms that are reported on their mandatory annual disclosures. At least one appellate judge — Jay Bybee of the Ninth Circuit — made a killing after confirmation. [National Law Journal]
* After “a challenging 2013,” Bingham McCutchen is leaking lawyers like a sieve. Fourteen attorneys, including nine partners, recently decided to leave the firm, and they’re all headed to different Biglaw locales. [WSJ Law Blog via Reuters]
* Just one day after Donald Sterling was declared “mentally incapacitated,” he filed a lawsuit against the NBA, seeking more than $1 billion in damages. Skadden lawyers are stripping off their warm-up suits to take it to the court. [USA Today]
* This Am Law 200 firm thinks it figured out a way to help women combine their careers and home lives — by hiring a role model/mentor with an almost six-figure salary. Good idea or bad? [Dallas Morning News]
* We’ve got some breaking news for our readers from the “no sh*t” department: Law schools are competing to cut costs based on a shrinking applicant pool, but tuition is still quite unaffordable. [Houston Chronicle]
* Lewis Katz, co-owner of the Philadelphia Inquirer and alumnus of Dickinson Law, RIP. [Onward State]
* “[T]hree names are unnecessary, and over time I think you’ll see Squire Patton start to take hold.” Sanders got the boot in this law firm merger, and it won’t be long before Boggs follows. [Am Law Daily]
* The “great female brain drain” at Am Law 200 firms isn’t slowing down, and it will only get better if Biglaw firms concentrate less on their failed “fix the women” approaches. [Harvard Business Review]
* Mary Jo White of the SEC promised to dust off an often ignored — but “potentially  very powerful” — section of securities law to pursue financial violations. Be wary of the “innocent instrumentality” doctrine, defense attorneys. [DealBook / New York Times]
* We’ve got some breaking news for our readers from the “no sh*t” department: Law school graduates are still having a very tough time getting jobs as lawyers, and there is no real end in sight. [Sacramento Bee]
* If you’re looking for a way to explain a switch in your undergrad major when applying to law school, show admissions committees how pretty your grades are now. Tada! [Law Admissions Lowdown / U.S. News]
* Congrats are in order for David Barron. The Harvard Law professor was confirmed to the First Circuit in a close vote (53-45), despite his apparent allegiance to our new drone overlords. [WSJ Law Blog]
* Another one bites the dust: Weil’s London banking leader Stephen Lucas decamped for Kirkland & Ellis. The firm retorted by saying: “We have got 40 finance lawyers left.” Aww, yay for you. [The Lawyer]
* Dean Jack Boger of UNC Law is stepping down, but he’s proud of keeping legal ed affordable. “[B]y relative standards, we’re still doing that,” he said. It’s ~$39K for out-of-state students. [Chapelboro.com]
* O.J. Simpson’s lawyers submitted a gigantic legal doc in an attempt to get him a new trial for his armed-robbery case. Court word limit: 14,000. Words in the Juice’s motion: 19,993. Rules: LOL. [NBC News]
‘Have spent all day fending Edna off my graphite shaft.’
We already knew that Biglaw firms aren’t exactly the most friendly places for women. We already knew that some male lawyers are still quite miffed that women invaded their good old boys’ clubs. What we didn’t know was that some Biglaw firms would go so far as to essentially sign off on their partners’ extremely sexist views.
Which firm recently found out that one of its partners was involved in a sexist email scandal, and is doing absolutely nothing about it?
* When it comes to billing rates, starting at the junior level, female law firm partners are still lagging behind their male counterparts by an average of 10 percent less. Boo. [Wall Street Journal (sub. req.)]
* Just in time for the graduation of one of the largest law school classes in history, the Bureau of Labor Statistics says the legal sector is shedding jobs. That sucks. Sorry Class of 2014. [Am Law Daily]
* Law school deans are dropping like flies. Since last week, at least three have announced their intention to leave their positions. We know of one more that we may discuss later. [National Law Journal]
* If you want to work as an attorney, your odds are better if you go to a Top 50 law school. Seventy-five percent of Top 50 grads are working as lawyers, compared to 50% of all others. [WSJ Law Blog (sub. req.)]
* The verdict is in on the latest Apple v. Samsung patent case, and Apple is probably pretty miffed it was awarded only $120M this time, since lawyers for the company requested billions in damages. [Reuters]
* Laura LaPlante, a 3L who was set to graduate from U. Chicago Law on June 16, RIP. [Chicago Tribune]
On any day of the week, it’s highly likely that a Biglaw firm will be trumpeting news of its successful diversity initiatives from any available media rooftop. The public relations folks at these law firms really want you to know that their hallowed halls aren’t completely jam-packed full of old white men — in fact, only 86.1 percent of them are old white men, so there.
Given the glowing alabaster hue of most Biglaw firms, you can see where it could be difficult for members of their so-called diversity committees to actually relate to those who are considered “diverse” in law firm parlance. We’re talking about lawyers of a different gender, race, ethnicity, or sexual orientation, but in law firm world, they might as well be otherworldly beings.
We’re told that some of these foreign creatures may be working in your very own law firm. If you’d like to learn how to interact with them, feel free to take some advice from one of the most absurd diversity memos we’ve ever seen…
Women continue to have a hard time in the law. Whether they’re being told not to show cleavage, dress like “ignorant sluts,” or wear hooker heels, they just can’t the respect they deserve. In an environment like this, where women are perceived as lesser beings and one is expected to bring baked goods to the office just because she happens to have breasts, achieving a sense of work/life balance seems like an incredibly lofty goal.
The Yale Law Women just came out with their annual list of the top ten family friendly firms. We cover this list every year (see our posts from 2013, 2012, 2011, 2010, 2009, and 2008). This year’s list changed very dramatically from last year’s: only three of the firms have returned.
Which firms made the cut? Which firms had the best options available to both women and men? Let’s take a look at the latest ranking for the most family-friendly firms…
* Leonard M. Rosen, one of the name partners of Wachtell Lipton Rosen & Katz, died earlier this week. Our very own Managing Editor David Lat once sat three doors down from this respected restructuring maven. Rest in peace. [Bloomberg]
* A judicial ethics board has recommended that this judge be removed from the bench because she once “sold out her clients, her co-counsel, and ultimately herself.” Oh Flori-duh, you give us so many reasons to <3 you. [Sun Sentinel]
* Gov. Christie named Dean Patrick Hobbs of Seton Hall Law as ombudsman for New Jersey’s executive branch. Congrats, but looks like Seton Hall may need a new dean. Update: Nope, it’s just part-time. Huzzah for Seton Hall! [New Jersey Law Journal]
* A woman working in retail was put on four months of forced maternity leave when she was four months pregnant. She’s due after her forced maternity period is up. Of course she’s suing. [Los Angeles Times]
* ICYMI, here’s a list of all of the fine states in America where blowjobs are illegal, but necrophilia is a-okay — or “anti-blowjobs, corpse-sex-friendly states,” as Adam Weinstein ever so eloquently puts it. [Gawker]
I’m not sure you want someone with my hourly rate making coffee.
– A California lawyer’s sassy comeback to a colleague at her firm who asked her to brew a pot of coffee.
This is just one of the tidbits that Professor Joan Williams of UC Hastings Law shares in her new book, What Works for Women at Work (affiliate link). Williams notes that professional women are expected to perform office “housework” — like “bring cupcakes for a colleague’s birthday, order sandwiches for office lunches and answer phones in the conference room” — much more often than their male colleagues.
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: