In today’s New York Times, there’s an interesting profile of Senator Kirsten Gillibrand, who replaced Senatrix Hillary Clinton in the U.S. Senate. To be honest, despite my weakness for high-powered women with gold-plated credentials — Gillibrand’s résumé features Dartmouth, UCLA Law, a Second Circuit clerkship, Davis Polk, and Boies Schiller (where she was a partner) — I’m not a huge Gillibrand fan.
If you’ve ever heard Gillibrand speak, you can understand why her congressional peers nicknamed her Tracy Flick. She sounds like a super-perky high school president, not a United States Senator. She has no gravitas. She occupies the Senate seat once held by Secretary of State Hillary Clinton, but Kirsten Gillibrand is not fit to kneel down and remove Hillary’s kitten heels.
Anyway, enough ranting. The NYT profile of Gillibrand, despite its occasionally fawning tone, is worth reading, due to some fun tidbits about Gilliband’s stint as an associate at Davis Polk….
Kirsten Gillibrand, junior Senator from NY and purported MILF
* This “Kirsten Gillibrand as MILF” thing makes me vaguely uncomfortable. She’s blond. Okay. And…? I’m not sure she is/was attractive enough to work at the hottie haven of Davis Polk, much less be in Vogue. [Law Shucks]
* As I tried to explain on Twitter, going shooting with Antonin Scalia sounds like a bad idea if you are a new, liberal justice. [Gawker]
* The Ninth Circuit panel reviewing Arizona’s immigration law doesn’t look very friendly to those who hate Mexicans. [Politico]
* Woman contemplates paying off $45K dental bill with a positive blog post, but then changes her mind and gets sued. If you ever see me writing a post glorifying Harvard Law School, now you know why. [ABA Journal]
Yesterday, the New York Times published a story about New York Senator Kirsten Gillibrand’s ties to “big tobacco.” As an associate at Davis Polk & Wardwell, Gillibrand — who replaced Hillary Clinton as New York’s junior Senator — represented Phillip Morris.
For most people who understand how law is practiced at the top firms in the country, the interesting part of the NYT article pretty much ends there. As an associate, especially a “superstar” associate as Gillibrand appears to have been, you work for the partners and represent the clients they tell you to represent. It’s really not that complicated.
But since Gillibrand is now a Senator and tobacco is “evil,” neither the Times nor Gillibrand could just leave well enough alone. The Times takes the first shot:
But a review of thousands of documents and interviews with dozens of lawyers and industry experts indicate that Ms. Gillibrand was involved in some of the most sensitive matters related to the defense of the tobacco giant as it confronted pivotal legal battles beginning in the mid-1990s.
Gillibrand was at DPW from 1991 to 2000. And she was really good at it. Wouldn’t one expect that a superstar mid-level would be involved in “sensitive matters” relating to a huge firm client? But hey, the Times reports that Gillibrand is a “former smoker.” Ah-ha. She clearly wants to hand out free cigarettes in elementary school.
But Gillibrand does slightly overplay her hand. We’ll get into it after I take a smoke break.
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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