* The National Labor Relations Board, now with fewer recess appointments! Partners from Arent Fox and Morgan Lewis were nominated to fill seats necessary for the board’s quorum. [National Law Journal]
* Shearman & Sterling seems to be bucking the Biglaw system. The firm is cutting pay for high earners and increasing it for lower-ranking attorneys. We’ll probably have more on this later today. [Reuters]
* Dentons (formerly known as SNR Denton) recently poached a six-partner team led by Stephen Hill from Husch Blackwell to bolster its white collar practice. Welkom too teh furm, guise! [Am Law Daily]
* “It is technically more legal to screw a walrus than to get gay married.” You know you live in a very sad place when not only do article headlines like this exist, but they’re also CORRECT. [Death and Taxes]
* An American Eagle pilot is facing attempted drunk flying charges. Yes, that’s a thing, but come on now, anyone who’s seen the movie Flight knows you can fly a plane while you’re wasted. [Bloomberg]
* Lindsay Lohan blew off a deposition in Los Angeles yesterday. Cut the girl some slack; she had to appear on the Late Show with David Letterman, which was way more important. [Contra Costa Times]
* The early numbers for the Am Law 100 are in, and it looks like Husch Blackwell’s gross revenue grew by six percent in 2012 after a two-year decline. Hmm… perhaps the firm is saving money by cutting back on its rejection letter proofreaders. [Am Law Daily]
* “If I can’t settle with any of those parties, I will sue them.” Howrey’s trustee, Allan Diamond, plans to sue former partners of the failed firm with a vengeance — and quite “quickly” — if they refuse to cooperate with him. [WSJ Law Blog (sub. req.)]
* Anyone remember Amy McTeer, the attorney who doubled as an apparent model for “faces of meth”? She resigned from the bar after allegedly helping her boyfriend escape from jail. Classy! [National Law Journal]
* Carmen Ortiz, the U.S. Attorney whose name was dragged through the mud after Aaron Swartz’s suicide, claims she intended to recommend only a six-month sentence for the deceased internet hero. [Bloomberg]
In this day and age, the rejection letter is few and far between. Most law school graduates who are desperately searching for employment have only their empty inboxes to serve as their cold, harsh dose of reality. Truth be told, some even long to receive those uncommon rejection letters, if only in recognition of their continued existence on this planet as a human being with a piece of paper that’s worth six figures and then some.
But if you were to receive one of those magical, mystical rejection letters, wouldn’t it make you feel better if that letter were so riddled with typos that it would be hard to believe that it had been sent to you by a Biglaw firm?
It’s hard out here for an attorney, when you’re tryin’ to get money for the loans…
Especially when your legal work forces you to make enemies with an angry ex-husband who might try to, say, blow up your car. Or when you do contract work in a city nuisance department and wind up targeted by hit men for your work on the case against a local strip club.
No, this isn’t the trailer for Taken 2, it’s just two recent cases out of Texas and St. Louis.
Luckily, no one was killed in the car bomb attack or a strip club owner’s plan to kill the Fort-Worth Mayor and a mild-mannered contract attorney, but there’s plenty of stranger-than-fiction details to these cases….
What Husch Blackwell first-years look like right now.
* The Apple Samsung carnival returns to court today. I can’t wait to see what happens. We will probably have more on this later. [Bloomberg Businessweek]
* After being found guilty of judicial misconduct for misappropriating public funds, Michigan state Judge Sylvia James will be removed from the bench for the remainder of her term. [Detroit Free Press]
* London-based Herbert Smith poached six partners from Chadbourne, including the head of the firm’s litigation group, Thomas Riley, and Gregory Loss, who helmed the products liability group. [Thomson Reuters News & Insight]
* San Bernardino is the newest California city to declare bankruptcy. The city apparently has over $1 billion in debt. I wonder if they had to cut their prosecutors’ salaries also. [Wall Street Journal]
* President Obama nominated prosecutor Pamela Chen to be a new judge for the Federal District Court in New York. If confirmed, she would become the second female Chinese-American federal judge in U.S. history, and also would be one of the first openly lesbian federal judges. [Metro Weekly]
* Republicans filibustered the Obama administration’s high-priority cybersecurity bill. [New York Times]
UPDATE (1/10/2013): Please note the update at the end of this post concerning the dismissal of the charge in this case.
This is going to go down as one of those “partners behaving badly” stories, but I don’t think it should. Underage drinking is a problem because kids don’t know how to handle alcohol and they drink too much and die. Or they drink too much and then do something stupid and die. Dead teenagers are not a good thing.
Many people think the solution is to somehow “ban” teenage drinking. Note that currently people under 21 aren’t allowed to buy alcohol. Note also that teens almost always still find a way to drink.
Instead of only focusing on ways to prevent teens from drinking, can’t we also at least think about ways to allow teens to drink in a safe environment? I think every high school should have at least one “cool” parent. One parent whose house you can go over to and have a couple of beers without everybody freaking out. Then, if you get too drunk or stupid or whatever, the “cool” parent can drive you home, or keep an eye on you, or tell the attending physician exactly how much you had to drink before you lapsed into a pansy-boy “alcohol poisoning” coma.
So yeah, to the rest of society, this Biglaw partner has been accused of something really bad. To me, he’s just been accused of providing a vital public service….
If you think this economy is just kicking the asses of recent graduates, associates, and support staff, you are forgetting one critical group: partners without portable books of business. Those who make it rain are getting soaked with wealth, but everybody else is just trying to get a drink.
We’ve heard many stories about partners without business quietly being “pushed out” or de-equitized. But we rarely see an entire group of partners publicly “demoted” en masse.
Wow. It’s been a long time since I wrote a headline starting with the words “Nationwide Layoff Watch.” But today it’s appropriate. Above the Law has learned that Husch Blackwell let go of around 20 attorneys, associates and non-equity partners, earlier last month.
We heard rumblings that Husch was planning on making cuts as far back as this July, but it appears that the layoffs only went through in September. Thanks to our sources, some of whom contacted us on our new text message line (646-820-TIPS), we’ve now received multiple reports of layoffs at the firm.
Here’s one tipster’s report:
Husch recently gave pink slips to about 20 attorneys; a number of them are non-equity partners. The sole criteria for termination is last year’s billable hours.
Husch didn’t confirm the number of attorneys let go, but a spokesperson for the firm did give Above the Law a statement…
The rate of job loss in the legal sector appears to be slowing, mirroring what’s happening in the economy more generally. But make no mistake about it — unemployment continues to grow, and news of lawyer layoffs continues to roll in (and will probably accelerate once the human shields called summer associates are removed in a few weeks).
A reader passed along this article (subscription), about layoffs at the large Midwestern firm of Husch Blackwell, with commentary:
It’s a pleasure to see my old firm humbled. At least now they are speaking the truth about why people are being let go.
That would seem to be a reference to this snafu from March. Continues the tipster:
Note that co-chair Joe Conran spoke for the firm instead of Dave Fenley, that [redacted]. Meanwhile, Joe (in person) isn’t much better. The guy is [redacted]. He just happens to have the clients, which is why he is co-chair.
In the spirit of Midwestern niceness — Husch’s website boasts that it is “deeply rooted in Midwestern values” — we’ve omitted the ad hominems. Suffice it to say that our source isn’t a fan of either Joe Conran or Dave Fenley.
In this latest round of layoffs, the firm let go of 10 lawyers. In March, it laid off 17 lawyers and 45 staff members. It laid off an undetermined number of lawyers last year.
By our count, that makes three rounds of layoffs. Let’s hope the third time is a charm for Husch. Husch firm lets go of 10 attorneys [Missouri Lawyers Media (subscription)] Earlier: Prior ATL coverage of Husch Blackwell
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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: firstname.lastname@example.org.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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