In football, a lateral pass by definition cannot go forward. I thought about that in the merry-go-round lateral market of the mid 00s; a whole lot of sideways movement and shuffling around, most of it just trying to put off a little longer the oncoming inevitability of a bone-crunching tackle in the form of Biglaw up and out. Two lateral experiences…
There’s evidence to suggest that lateral partner hiring doesn’t always turn out well for the law firms that engage in it. Sometimes firms overpay for talent. Sometimes the talent isn’t as talented as they claimed. Sometimes firms fail to integrate lateral partners well. There are many ways for the process to go wrong.
But what about for the lateral partners themselves? Are they more satisfied with the process and their new professional homes?
Some former partners of the dearly departed Dewey & LeBoeuf claim that the firm could have survived if not so many partners had defected in the final months. The
wishful thinking theory of these Dewey defenders is that if the firm could have held on to more of its top rainmakers, the plan of paying everyone back (slowly) and waiting for work to pick up might have succeeded.
Perhaps learning from Dewey, the leaders of embattled Patton Boggs have been trying to get partners to commit to staying as the firm restructures. Not long ago, managing partner Edward Newberry declared that about 90 percent of the firm’s partners agreed to stick around.
But 90 percent is not 100 percent. Today brings word of more Patton partners headed for the exits. How many? Who are they? And where are they going?
- Biglaw, Conferences / Symposia, Contempt, Dewey & LeBoeuf, Lateral Moves, Non-Sequiturs, Partner Issues, Television, Theater, Videos
* Congratulations to WilmerHale on landing former FBI director Robert Mueller, and congratulations to Mueller on his move (a homecoming of sorts; he was once a partner at Hale & Dorr, the “Hale” in “WilmerHale”). [DealBook / New York Times]
* A former television judge gets held in real-life contempt. [Memphis Commercial Appeal]
* “Have a Better Legal Career by Being Less of a Lawyer.” [Medium]
* This story of losing a client might contain lessons for lawyers. [BigLawRebel]
* As we previously mentioned, the SCOTUS-themed play Arguendo is coming to D.C., and there’s a discount code for ATL readers: WMATL, good for 15% off on previews, Friday nights, Saturday matinees, and Sunday evenings. Enjoy! [Woolly Mammoth]
- Attorney Misconduct, Biglaw, Crime, Deaths, Dewey & LeBoeuf, Lateral Moves, Legal Ethics, Morning Docket, New Jersey, Partner Issues, Prostitution, Racism, SCOTUS, Sports, Supreme Court, Williams & Connolly
* If Justice Ruth Bader Ginsburg ever decides to step down from the Supreme Court (don’t worry, fans, she won’t), perhaps one of these relatively good-looking, relatively young lawyers will be able to step in. [Daily Comment / New Yorker]
* Dewey know who the seven secret tipsters are in the case against D&L? Nope, their pleas are sealed, and it’s “not the typical process.” In fact, it’s “highly unusual.” Guess we’ll find out eventually. [DealBook / New York Times]
* An ex-paralegal with a J.D. from Hofstra is suing Greenberg Traurig with claims of racial bias, saying she wasn’t promoted to an attorney position. Well, she did attend a contender for “Worst Law School in America.” [Am Law Daily]
* In a rare move, it seems that a partner was poached from Williams & Connolly. Jon Fetterolf will now be working at Zuckerman Spaeder, where he’ll be the firm’s first certified sports agent. [Legal Times]
* Reema Bajaj, everyone’s favorite neighborhood prostitute with a penchant for peddling punani for paper products, was suspended by the Illinois Supreme Court for a three-year period. Boo. [ABA Journal]
* Because only the coolest law students do legal research on their phones these days, here are 11 apps to download. Curiously missing from this list is the ATL app. You can get it here. [U.S. News & World Report]
* “The case is over. It’s time to move on.” Rachel Canning, the New Jersey schoolgirl who sued her parents for child support, has agreed to drop her case — and yes, it was all about her boyfriend. [New York Post]
* Robert Strauss, Akin Gump Strauss Hauer & Feld name partner, RIP. [New York Times]
- Boutique Law Firms, Labor / Employment, Lateral Moves, Litigators, Money, Musical Chairs, Partner Issues, Plaintiffs Firms, Sex, Sex Scandals, Small Law Firms, Women's Issues
Last week, we wrote about lawyers leaving Faruqi & Faruqi, the litigation boutique that’s locked in an ugly legal battle with a former associate, Alexandra Marchuk. Marchuk’s lawsuit accuses F&F partner Juan Monteverde of severe sexual harassment and alleges that the firm’s leaders turned a blind eye to his misconduct.
We asked our readers for more information about the recent Faruqi departures. Well, ask and you shall receive. We have the details on the lawyers who left — as well as info about how Faruqi is looking for laterals, and how much it pays them (hint: not enough)….
Congratulations to Weil Gotshal on securing a significant role in the big Grupo Corporativo Ono / Vodafone deal. The firm is representing Ono’s principal shareholders, a group of private equity firms, in the $10 billion transaction. This comes not long after news of Weil’s representation of Facebook in the company’s $16 billion acquisition of WhatsApp.
At the same time as it handles eleven-figure deals, Weil Gotshal continues to lose partners. Are these defections wanted or unwanted by Weil? If the latter, how significant are they?
Let’s find out which partners are leaving, and where they’re going….
(Please note the UPDATE added to the end of this post.)