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 your firm is in ‘go’ mode when it comes to recruiting lateral partners with loyal clients, then take this quiz to see how well you measure up. Keep track of your ‘yes’ and ‘no’ responses.
1. Does your firm have a clearly defined strategy of practice groups that are priorities of growth for your office? Nothing gets done by random chance, but with a clear vision for the future. Identify the top practice areas for which you wish to add lateral partners. Seek input from practice group leaders and get specifics on needs, outcomes, and ideal target profiles.
2. In addition to clarifying your firm’s growth strategy, are you still open to the hire of a partner outside of your plan? I’ve made several placements that fit this category. The partner’s practice was not within the strategic growth plan of my client, but once the two parties started talking with each other, we all saw how it could indeed be a seamless fit. Be open to “Opportunistic Hires.” You never know where your next producing partner might come from, so you have to be open to it. I will be the first to admit that there is a quirky element of randomness in recruiting.
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: email@example.com.
We currently have a very exciting and rare type of in-house opening in China at one of the world’s leading internet and social media companies. Our client is looking for an IP Transactional / TMT / Licensing attorney with 2 to 6 years experience. The new hire will be based in Shenzhen or Shanghai. Mandarin is not required (deal documentation will be in English) but is preferred. A solid reason to be in China and a commitment to that market is required of course. This new hire will likely be US qualified (but could also be qualified in UK or other jurisdictions) and with experience and training at a top law firm’s IP transactional / TMT practice and could be currently at a law firm or in-house. Qualified candidates currently Asia based, Europe based or US based will be considered. The new hire’s supervisors in this technology transactions in-house team are very well regarded US trained IP transactional lawyers, with substantial experience at Silicon Valley firms. The culture and atmosphere in this in-house group and the company in general is entrepreneurial, team oriented, and the work is cutting edge, even for a cutting edge industry. The upside of being in an important strategic in-house position in this fast growing and world leading internet company is of the “sky is the limit” variety. Its a very exciting place to be in China for a rising IP transactional lawyer in our opinion, for many reasons beyond the basic info we can share here in this ad / post. This is a special A+ opportunity.
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