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?
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 seven years. You can reach them by email: email@example.com.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.
If you are considering a virtual law practice, you know that many of today’s solo firms started that way. But why are established, multi-attorney law firms going virtual?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Reduces malpractice risk
Enables you to gather the best attorneys to fit the firm, regardless of each person’s geographic location
Leverages mobile devices and cloud technology to enable on-the-spot client and prospect communication
Transitioning in-house is something many (if not most) firm lawyers find themselves considering at some point. For many, it’s the first step in their career that isn’t simply a function of picking the best option available based on a ranking system.
Unknown territory feels high-risk, and can have the effect of steering many of us towards the well-greased channels into large, established companies.
For those who may be open to something more entrepreneurial, there is far less information available. No recruiter is calling every week with offers and details.
In sponsorship with Betterment, ATL and David Lat will moderate a panel about life in-house and we’ll hear from GCs at Birchbox, Gawker Media, Squarespace, Bonobos, and Betterment. Drinks, snacks, networking, and a great time guaranteed. Invite your colleagues, but RSVP fast, as space is limited.