File this under the category of “better late than never.” Holland & Knight never adopted spring bonuses like other Biglaw firms. Why? Who knows. The firm didn’t want to play ball. Whatever.
Now the firm wants to put a little extra money into the pockets of Holland & Knight associates. Today, sources tell us that Holland & Knight announced it would be paying out a “fall” bonus. I guess it was a good summer at the firm.
But don’t get confused, this is supplemental money to the 2010 bonus, not an advance on the 2011 bonus. As we’ve already mentioned, firms are using 2011 revenue to pay for 2010 performance, so you really can’t count it against the 2011 bonus pool.
Recently on my blog I have been posting differentviewpoints as to whether the e-discovery industry should have its own specialized certification. In the past year there has been a push by several organizations to establish standards of testing in the industry. In fact, a few weeks ago, the newly formed Association of Certified E-Discovery Specialists or ACEDS (prenounced “A-Saids”) held an inaugural conference in Hollywood, Florida. Although ACEDS was just founded last year by the Intriago Group, led by a former McDermott Will & Emery partner, Charles Intriago, the meeting had over 300 attendees — not bad for a first conference.
I had the chance to speak with two attorneys who spoke at the ACEDS meeting. They provided me with a better understanding of whether the movement toward certification is simply a passing trend or a sign of things to come…
While some people seem to think Japan’s status as a rich nation means it doesn’t need any international aid, I don’t see how the country’s long-term ability to recover has anything to do with the immediate humanitarian crisis. Japan will undoubtedly be able to rebuild in the future, but its citizens need food and water today.
We’ve now received word that even more Biglaw firms are pitching in to do what they can. If you know of additional firms supporting relief efforts that we have not mentioned, please tell us in the comments to this post….
* Elie here: Remember yesterday when I said that it was a prick move by the cop to issue that ticket on the mother of that comatose 13-year-old girl, and then all those commenters said the cops had no choice because issuing the ticket was an important matter in terms of the civil liability of the driver? Yeah, well, I stand by my initial analysis that the cop was a jerkhat. [New York Personal Injury Law Blog]
* How can lawyers dress to impress in 2011? [Lawyerist]
* So let me get this straight, it’s not okay for me to drink Four Loko and drive, but it’s okay for my car to do it? What’s up with that? [Alt Transport]
* Were passports biased against gays? Well, now they won’t be. [Huffington Post]
* If you’ve been following along with the most important news of today — which is obviously that the study showing that a crying woman is a total buzzkill — here’s an important counterpoint. Crying might be nature’s way of saying: “Stop beating on your wife you freaking a**hole. [Newsweek]
When does the gift of a hot gadget feel like an insult? Apparently when you are an associate at Holland & Knight. This bonus season, the firm gave all of its associates free iPads. And…
Well, associates are still waiting to see if there will be anything other than iPads as a bonus present from the firm.
Can somebody explain to me how the iPad turned into a giant pacifier for white-collar employees? Has any kind of consumer protection agency checked to make sure “placation” is an approved use for the product? I mean, I don’t have an iPad, so maybe I don’t know what I’m talking about. But you can’t have sex with it, right? It doesn’t like cure AIDS or grow into a beanstalk or anything?
Maybe the iPad is the most wonderful gadget since the brassiere (the O.G. of gadgets), but at least some of the associates at Holland & Knight were hoping for something a little bit more. And the staff at Holland & Knight, well, I suppose they’re just happy they could help out with getting the associates the iPads…
Anna Nicole Smith: her candle burned out long before her legend ever did. And the great beauty’s legend continues to grow, over three years after her untimely death in February 2007, as litigation involving her estate contributes to the development of a rich body of law regarding bankruptcy and probate law — in a tribunal no less distinguished than the Supreme Court of the United States.
The Supreme Court agreed Tuesday to hear an appeal from the estate of Anna Nicole Smith, the late Playboy model and TV reality-show star, in the decades-old dispute over an inheritance from her tycoon husband.
The action, involving a sensational set of characters in an otherwise dry case at the intersection of probate and bankruptcy law, came on a day of varied court business that included acceptance of 14 new cases for the 2010-2011 term that officially begins Monday.
Sounds scintillating. Let’s get all up in Anna Nicole’s business, shall we?
From time to time, we “go live” with the Career Center resources, to give you access to firsthand advice from the hiring partners and in-house counsel at major law firms and companies. Our next opportunity for this type of professional development will be Wednesday, September 22, 2010 in Miami, Florida.
If you are in the Miami on the 22nd, need free MCLE credit, and would like some great advice on taking control of your career, read on for details….
With fall recruiting gearing up, and the lateral market warming up, we continue our annual series of open threads about the law firms featured in the Vault prestige rankings. These threads provide ATL readers with a forum to discuss the different firms and their various strengths and weaknesses.
The end of the Vault 100 is in sight. We’re covering the firms in batches of 20 now. Here are the firms ranked #61 to #80, which will provide today’s discussion fodder:
Last decade — back in the aughts — a Holland & Knight real estate partner got up to some very bad things. While we have heard that coke can be an aid for sleep-deprived attorneys, it caused problems for Theodore Silva Jr.
Silva was formerly a partner in Holland & Knight’s D.C. office. According to the National Law Journal, in 2005, Silva forged signatures and created fictitious notaries for an easement agreement. Then he lied to his clients and bar counsel about that and about his cocaine use:
[Silva] attributed his conduct to stress, cocaine use and drinking. The incident cost the firm about $150,000 in expenses plus 50 hours’ work from another Holland & Knight partner who had to rectify the problems.
Silva, who had made partner in 1995, was fired by Holland & Knight in 2006. The District of Columbia Board of Professional Responsibility just issued its report [PDF] and its recommendation for discipline last week.
The Legal Blog Network is surprised that this conduct was not enough to get Silva disbarred. We’re surprised to learn that Silva had a coke use criminal charge in 2002 and that it passed the sniff test at Holland & Knight. As long as the snow helped Silva make it rain, it seems the firm didn’t mind what he did with his dollars.
Holland & Knight announced today that it would be moving away from lockstep associate compensation. But unlike the firms that have rushed to jump on the Orrick-style, three-tier “pure merit” model, Holland is adopting a hybrid approach. Here’s how Holland & Knight managing partner Steve Sonberg explained it to associates this morning:
The base salary of an associate will no longer depend solely on seniority and the number of hours billed by an associate during the preceding year. Instead, the firm will evaluate each associate on the basis of both objective and subjective factors.
The objective factors will continue to include the number of billable and creditable hours. The firm’s existing policy on creditable hours is not being changed. In addition to the number of billable and creditable hours, the firm will now also consider other factors that objectively measure an associate’s contribution to the firm and to our clients (e.g., collections, profitability, significant matter responsibility, and successful client development).
The subjective factors will include professional and career development (including client development skills), the quality of the legal services provided to our clients, and other contributions to our profession, our communities, and the firm. We are committed to providing an evaluation process that clearly communicates to associates what is expected of them.
Under the new model, this combination of subjective and objective factors will be used to determine what kind of raise associates receive from year to year.
Above the Law spoke with Adolfo Jimenez, the partner at Holland & Knight who oversees the firm’s associate program. H&K’s new compensation plan is very different from the ones we’ve been seeing lately, and we asked Jimenez why the firm decided to go in a different direction.
So you spent a considerable amount of time courting, selling and maybe even doing some friendly stalking of that attractive lateral partner candidate with a sizable book. After he or she ignored your emails and didn’t return your calls, a few weeks go by and you read a press release in the legal media announcing the recent move to a competing firm.
Rats. Another one got away from you. You cringe when you consider how much time was spent in meetings that did not bear fruit. Your heart aches when recall how you were led to believe this was a marriage made in heaven.
You have been rejected.
The sting of rejection is painful, even for fancy law firms. But you need to find a way that you can turn this disappointment into a legitimate learning experience.
No, this isn’t a pre-party before we come back next fall for the real thing. This IS the real thing. Quinn Emanuel is pushing the envelope on recruiting. The party is now. This is when you meet the partners and associates face to face. This is when we begin the dance that could land you an offer for your second summer BEFORE school starts in the fall.
First: You come to the party. Second: If you like us, you send your resume after June 1, 2014. Third: If we like each other, you get an offer.
We’re not waiting for fall. We’re not doing the twenty minute thing. This party is the real thing!
We hope you’ll join us, and look forward to meeting you.
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
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