Lateral Moves

Career Center: State of the Market – Atlanta

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This week, Lateral Link Director Scott Hodes gives us some insight into the increase in lateral hirings in the Empire State of the South.

Atlanta has emerged as one of the best lateral associate markets in the country. While 2009 was slow as in most markets, 2010 signaled a comeback, and 2011 confirmed the upward trend.

Corporate and litigation positions represented the largest amount of lateral openings, which is fairly typical in large markets. Corporate positions seemed to peak in the second and third quarters, while litigation was fairly steady throughout the year. There was also a huge boom in intellectual property positions, especially in the last three quarters, followed not too far behind by labor and employment, which remained steady throughout 2011….

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Career Center: State of the Market – Texas (Part 3)

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As mentioned previously, these State of the Market posts by Lateral Link, as compiled by Director Gary Cohen, will focus on one of the country’s largest states — Texas.

The strongest market in Texas is Houston, with some of the strongest candidates being those with corporate, capital markets, or finance experience. A close second is Dallas, and a distant third in terms of strong markets in the Lone Star State is Austin….

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Morning Docket: 01.26.12

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* Illinois is suing Standard & Poor’s, accusing the financial services company of misleading investors and putting the country in the poorhouse thanks to its high ratings for mortgage-backed investments. [Washington Post]

* CHECK YOU LATERALS: William Burck, who served in the White House counsel’s office under President Bush, is leaving Weil to co-manage the Washington, D.C. office of Quinn Emanuel. [Thomson Reuters News & Insight]

* Groupon: now ethical for advertising legal services in New York thanks to this recent opinion from the New York Bar Association Committee on Ethics. Will Biglaw start catering to deal hunters? Prediction: hell no. [WSJ Law Blog]

* Get off my lawn, you damn kids! A lawyer from Long Island was arrested after firing a warning shot into the air and holding a neighborhood teen at gunpoint following several rounds of “ding dong ditch.” [CBS New York]

* A woman is suing Lindsay Lohan, claiming that LiLo hit her with her Maserati. She’s suffered from disabling personal injuries, pain, anguish, and a lack of settlement money. [Daily Mail]

* After an alleged freaky sex-and-drugs party, all Angelica Marie Cecora wants from Oscar de la Hoya is $5M and an apology. Is that really too much to ask? [New York Daily News]

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Career Center: State of the Market – Texas (Part 2)

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As mentioned previously, the next few State of the Market posts by Lateral Link, as compiled by Director Gary Cohen, will focus on one of the country’s largest states — Texas.

The strongest market in Texas is Houston, with some of the strongest candidates being those with corporate, capital markets, or finance experience. A close second is Dallas, which is also the focus of this post….

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Career Center: State of the Market – Texas (Part 1)

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The next few State of the Market posts by Lateral Link, as compiled by Director Gary Cohen, will focus on one of the country’s largest states — Texas.

In general, lateral hiring activity in Texas has increased substantially in the past 12 months, with even greater momentum as we head into 2012. Corporate/securities and IP are the busiest major practice areas across the state; however, there are differences between the Dallas, Houston and Austin markets. Overall, the Houston market is the strongest, followed by Dallas, with Austin a distant third. In all markets, partners with solid books of portable business are viable and firms are always on the hunt for new partner-level talent….

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Out of the Frying Pan

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Ed. note: This post is by Will Meyerhofer, a former Sullivan & Cromwell attorney turned psychotherapist. He holds degrees from Harvard, NYU Law, and The Hunter College School of Social Work, and he blogs at The People’s Therapist. His new book, Way Worse Than Being A Dentist, is available on Amazon, as is his previous book, Life is a Brief Opportunity for Joy (affiliate links).

At some point you have to get out of here. The question is when – and whither.

A vacation might help, if you could achieve the impossible and take one. My client pulled off a week – seven whole days! – at a Caribbean resort. She flew off to paradise, only to return feeling like a condemned prisoner.

“It made things worse,” she lamented. “Now I remember the outside world.”

Sometimes it’s better to live without that distraction….

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Career Center: State of the Market – Washington, D.C.

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Last week, we discussed the end of the legal recession, and we made some predictions about 2012. Many of you were interested in more information on your specific market, so today, we’re launching a new Career Center series: “State of the Market.”

Over the coming weeks, we will discuss hiring prospects in major legal markets based on analysis by Lateral Link‘s recruiting team.

We start with our nation’s capitol, Washington, D.C….

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Musical Chairs: Energy Lawyers in Motion

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Yesterday Elie offered some predictions for 2012. I’ll get even more specific and offer a prediction for January 2012: energy lawyers will be making moves this month.

January is generally a popular time for partner moves, and energy lawyers are popular people. Right now their practice area is as hot as New York City is cold. As you may recall, this time last year a slew of energy attorneys moved from McDermott to Cadwalader.

We’ve recently received word that at least two prominent partners in the energy space are switching firms. Let’s find out who they are and where they are heading….

UPDATE (2:30 PM): After the jump, we’ve added an update with additional context, details, and partner names. A source states that five partners are leaving and that the departures constitute a major move — a much bigger deal than our original report might have suggested.

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Musical Chairs: Orrick Assembles an Impressive Team of Finance and High-Yield Lawyers

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The law firm of Orrick, Herrington & Sutcliffe continues to do battle with its former client, MGA Entertainment. It seems that the maker of Bratz dolls is still acting in bratty fashion, by not paying its legal bills, and Orrick has moved to withdraw from representing MGA. (This is not the first time that Orrick has tried to fire its difficult client.)

Fortunately, things are happier on the transactional side for Orrick. The firm just announced that it’s picking up five bank finance and high-yield partners, for its New York office.

The new arrivals come from four different places, including three firms whose names you will definitely recognize….

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Musical Chairs: Paul Hastings Snags Another Leveraged Finance Partner from Cahill

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Back in March, we wrote about the mysterious departure from Cahill Gordon of leveraged finance partner Michael Michetti. Now, three months later, we can report that the Michael Michetti mystery has been solved: he is joining Paul Hastings, which just trumpeted his arrival in a press release.

Michetti is not the first former Cahill partner to join Paul Hastings in 2011. Just last month, Rich Farley, another leveraged finance partner, hopped over to Paul Hastings.

On the whole, Cahill has been flourishing as a firm — and sharing the bounty with its associates. Recall the firm’s recent mid-year bonuses, which were very well-received.

But do the departures of Messrs. Farley and Michetti reflect trouble in paradise? Let’s hear some of the scuttlebutt….

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