Dewey & LeBoeuf's sign at 1301 Avenue of the Americas. (Photo by David Lat. Feel free to use.)
Let’s take a step back from the hurly-burly of day-to-day, hour-by-hour coverage of Dewey & LeBoeuf, the once-powerful law firm that could soon find itself in bankruptcy or dissolution. We will return to bringing you the latest Dewey news in tomorrow’s Morning Docket. (Of course, as you may have noticed, we added many updates to Tuesday night’s story; refresh that post for the newest developments.)
Let’s take a step back, and ask ourselves: Who is to blame for this sad state of affairs? And what lessons can be learned from the Dewey debacle?
As we previously mentioned, and as Lawrence Hurley of the Daily Journal reports here, Congress is considering a proposal that would raise federal judges’ salaries by a significant margin. Here’s what the new scale would look like (with current salaries indicated parenthetically):
District Court Judges: $247,800 (up from $165,200) Court of Appeals Judges: $262,700 ($175,100) Associate Justices of the Supreme Court: $304,500 ($203,000) Chief Justice of the United States: $318,200 ($212,100)
This proposal would cost millions in taxpayer dollars. So we have a better solution to the problem of federal judicial pay, which Chief Justice John Roberts has dubbed a “constitutional crisis.”
Here’s our brilliant idea: Require all federal judges to marry rich!
Don’t you just love couples in which one spouse is a judge, with all the power and prestige of judicial office, and the other spouse is rolling in dough? Off the top of our head, we can name a number of federal judges who have married well — or at least wealthy. (Like Judge Kimba Wood, above right, with her well-heeled hubby, Frank Richardson.)
We list some judges who have married into money, and we invite additional examples from you, after the jump.
We’ve solicited funny holiday party stories from you. We haven’t received much thus far.
But from the legendary Southern District of New York, probably the nation’s most distinguished district court bench, we did get this account of its celebrated “Courthouse Follies” (which took place on the evening of Friday, December 15):
Item: The Southern District of New York’s “Courthouse Follies,” tonight.
Showstopping performance: A boisterous musical number by Judge Jed Rakoff (at right), Judge Laura Taylor Swain, Magistrate Judge Ronald Ellis, and Chief Magistrate Judge Lisa Margaret Smith. Sung to the tune of “There Once Was a Man” from Doris Day’s “The Pajama Game,” with additional lyrics and dialogue by Judge Rakoff, the act featured Judge Rakoff in a blond fright wig, Judge Swain in a Groucho mask with cigar, Judge Ellis in an oversized red polka-dot bow tie, and Judge Smith in what I can characterize only as a goofy black hat.
Was that a woman’s blond fright wig? If so, Judge Rakoff can kiss any elevation hopes good-bye. Senator Brownback opposes all judicial nominees who have appeared in drag.
Highlight: A musical shoutout to Underneath Their Robes! The patter leading up to the song was about changes in the courthouse under the new chief judge. One of them was (I’m paraphrasing slightly), “I get all my case info from www.underneaththeirrobes.com.”
Less a joke than a name check, but it suggests that Judge Rakoff is a fan.
It used to be exceedingly rare for a federal judge to leave the bench for private practice. But times are changing.
Earlier this summer, Fourth Circuit Judge J. Michael Luttig — frequently mentioned as a possible Supreme Court candidate, and the nation’s top judge when it comes to feeding his clerks into prestigious Supreme Court clerkships — surprised the legal world by flying the Article III coop. He headed off to Boeing, to assume the position of general counsel at the aerospace giant.
And now the acclaimed Southern District of New York, generally regarded as the nation’s most prestigious federal trial court, is losing its chief judge. Chief Judge Michael Mukasey is returning to the partnership of Patterson Belknap Webb & Tyler, where he practiced before President Reagan appointed him to the bench. In addition to his partnership draw at Patterson, where profits-per-partner are in the seven figures, he’ll receive his annual judicial pension of $165,000. KA-CHING!
Mukasey will be replaced as chief judge by the luscious Kimba Wood. Judge Wood, of course, is the ex-Playboy bunny who reigns as the #1 Superhottie of the Federal Judiciary.
Judge Mukasey is known as an efficient, hardworking, and occasionally cantankerous judge. One lawyer who appeared before him describes him as someone “who doesn’t suffer fools gladly.”
Sounds like the transition to Biglaw partner will be pretty easy for Mukasey. As Judge Leaves for Law Firm, His Legacy Is Remembered [New York Sun]
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.
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: firstname.lastname@example.org.
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.