Veteran litigator Joseph Russoniello, recently nominated to serve as U.S. Attorney for the Northern District of California, previously served as senior counsel in the San Francisco office of Cooley Godward Kronish. If he’s confirmed, which is looking likely, one would expect him to take a big pay cut as he moves from private practice to government service. The current Attorney General, Michael Mukasey, earned $1,993,367 over 21 months while at Patterson Belknap; now, as AG, he takes home $186,600 a year.
But Joe Russoniello won’t be taking such a huge pay cut. A reader observes:
Buried at the end of a Recorder article (subscription) about a DOJ report about Joe Russoniello’s possible conflicts or interest due to his $1.5 million stock portfolio is Joe’s last year’s compensation from Cooley Godward. This is the part that I found interesting. Why? Because it’s so low.
What do you think Cooley Godward was paying the ex-U.S. Attorney to serve as counsel to the firm? Half a million? A million? No…. $244,802!
In light of that paycheck — which, while handsome by normal standards, is a pittance by Biglaw ones — we hope that Russoniello’s Cooley gig was super-cushy, with minimal billing required. His paycheck is pretty much equal to that of a third-year associate at Cravath, all in (base of $180,000, year-end bonus of $45,000, and special bonus of $20,000). But how many Cravath third-years can claim to have served as U.S. Attorney in a major city for eight years, as Joseph Russoniello did (1982-1990)? Fighting Crime May Not Pay [The Recorder (subscription)] Taking Stock of The DOJ’s Next Targets [Legal Pad]
Back in June, we predicted that veteran litigator Joseph Russoniello, of Cooley Godward Kronish in San Francisco, would be nominated to serve as U.S. Attorney for the Northern District. Months later, no nominee has been named. As the folks over at Legal Pad noted last month, it’s a bit strange — especially since Ruossoniello’s background check was apparently completed some time ago.
Meanwhile, the office remains in the capable hands of the well-regarded Scott Schools, who will be officially appointed as interim United States Attorney later this week.
But don’t expect Schools to stick around forever. We hear that he’ll be heading over to take a high-level job at Main Justice (possibly in the Deputy Attorney General’s office).
It seems that Schools will be missed in the Northern District. From a source in the N.D. Cal.:
People seem to like him, and he makes an effort to get to know line AUSAs. He shows up at social events, like baby showers and happy hours, which I think is a huge change from former leadership.
Yesterday we passed along the rumor that Joseph Russoniello, of Cooley Godward Kronish in San Francisco, would be returning to a post he held years ago: U.S. Attorney for the Northern District of California.
We remain fairly confident in this tip. But for the record, there is nothing official to report just yet. Mr. Russoniello kindly got back to us, but only to advise that he has no comment at this time and can neither confirm nor deny that he has been offered the U.S. Attorney position.
Meanwhile, our friends over at Legal Pad picked up on our post. Check out their analysis, in which they refer to Russoniello as “the frontrunner” per “conventional wisdom,” by clicking here. Russoniello Takes the U.S. Attorney Gig? [Legal Pad / Cal Law] Earlier: Musical Chairs: A New U.S. Attorney for San Francisco?
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
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.