Jenkens & Gilchrist

Jenkens Gilchrist LLP Jenkins Gilchrist Above the Law blog.jpgIn the wake of the Nixon Peabody theme song controversy, several of you emailed us about the recruiting video prepared by the ill-fated, now-defunct law firm of Jenkens & Gilchrist. One reader drew this interesting connection:

A few years ago, the now defunct law firm of Jenkins & Gilchrest made a recruitment video that made the rounds because it was very ridiculous. Here is a link to the video and a story about it.

The interesting thing is that apparently after Jenkins folded, a number of its lawyers started the Chicago office of Nixon Peabody. See here.

Probably just a coincidence (since the Jenkins tape was definitely made in Austin), but it does appear that corny promotional videos follow these people around. And it does give us another opportunity to laugh at bad law firm recruiting videos.

Correction: As noted in the comments, and confirmed by this article from the American Lawyer, the video wasn’t a recruiting tool per se. Rather, it was the firm’s (winning) submission for a “Most Spirited Company” video competition, sponsored by the Austin Business Journal.
As we previously observed, the video is “mortifying.” But we don’t think it’s as bad as the painfully earnest Nixon Peabody song, since the Jenkens video is arguably tongue-in-cheek.
That’s just our opinion. Check it out for yourself:

Jenkens & Gilchrist – Where Every Day is Game Day [Google Video]
Lawyer video (safe for work, especially if you’re at Jenkens & Gilchrist) [ Inside Opinions - Legal Blogs]
Jenkens & Gilchrist’s Video Pep Rally Pumps Up Controversy [American Lawyer]

Jenkens Gilchrist Above the Law blog.jpgMaybe you’re grumpy because your firm hasn’t matched the latest associate pay raises. Maybe your clerkship bonus isn’t as big as the $50,000 now offered by Sullivan & Cromwell.
But at least you still have a job. From Bloomberg:

Jenkens & Gilchrist, a Dallas-based firm that once had 600 lawyers, is shutting down after reaching an accord with authorities to avoid prosecution for selling tax shelters that generated more than $1 billion in phony losses.

The firm admitted it developed and marketed fraudulent tax shelters and faces a $76 million fine, the Internal Revenue Service said.

The firm points a finger towards its Chicago office:

Jenkens & Gilchrist blamed its demise on unnamed lawyers in its Chicago office. That branch was closed on March 22.

“The Chicago tax shelter practice seriously undermined the firm’s long-standing reputation,” the firm said in a statement. “We deeply regret our involvement in this tax practice.”

This was probably ill-advised on the part of the firm:

Among the fraudulent shelters were transactions known as BOSS, BART and HOMER, prosecutors said in the agreement.

Guess those IRS types aren’t Simpsons fans.
Update: This Jenkens & Gilchrist promotional video is nothing short of mortifying.
Jenkens to Close After U.S. Agrees Not to Prosecute [Bloomberg]
U.S. Enters Non-Prosecution Pact With Jenkens & Gilchrist [WSJ Law Blog]