Think of law firm recruiting as a war. America’s top law firms are engaged in a battle to the death, vying for the best young legal minds in the country. And in this war, Sullivan & Cromwell is bringing out the heavy artillery.
Sources report that S&C is sending its offerees… BONSAI TREES!!!
We asked one bonsai tree recipient to speculate on what S&C is trying to say with these gifts:
There’s no message with them (other than a “Compliments of Sullivan & Cromwell” card). Bonsai trees live a long time. Perhaps they want us to grow old with the firm?
Or maybe to “bend over” like a bonsai?
Another theory: “[M]aybe it is a test to see if we can keep them alive by the time the summer rolls around.”
Interesting. Perhaps the firm can give a special prize to the S&C summer associate with the best bonsai tree at the start of the program?
More about S&C’s odd horticultural booty, after the jump.
Here is the first set of our photographs from yesterday’s hearing in New York Supreme Court in the lawsuit(s) between Aaron Charney and Sullivan & Cromwell (litigation nickname still to be determined).
We’ve taken a page from the Lavi Soloway playbook: these photos are thumbnail images. If you click on the thumbail, you’ll be able to see a larger version of the picture, in all of its glory.
More photographs, after the jump.
Rumor has it that Sullivan & Cromwell’s chairman, banking law god H. Rodgin Cohen, was “pretty angry” when he learned that the New York Times would be covering Charney v. Sullivan & Cromwell, the anti-discrimination lawsuit filed against S&C by a gay former associate, Aaron Charney.
(The NYT story was pretty even-handed. But it was surprisingly long and detailed, which Cohen probably didn’t like. We discussed it back in this post.)
If Rodge Cohen doesn’t like MSM coverage of lurid litigation involving his firm, then he’s probably less than pleased by all the news coverage of Sullivan & Cromwell v. Charney, S&C’s countersuit against its former M&A associate.
Today’s New York Law Journal has an article about the case. Most of it is familiar to ATL readers. What’s new is info about Charney’s legal team, which now includes the scrumptiously credentialed Laura Schnell: Dartmouth, Chicago Law, Jack Weinstein clerkship, Best Lawyers in America listing.
In addition, the New York Times’s widely read DealBook blog has a write-up of the suit. The DealBook post contains a shout-out to ATL. Thanks, NYT!
As some commenters have noted, one purpose of S&C’s countersuit was surely to get Aaron Charney to shut up. It appears to have succeeded, since Charney has been tight-lipped since last Thursday, when the suit was filed.
But the countersuit does mean that (1) S&C is “stooping to Charney’s level,” i.e., crossing swords with someone of lesser stature (no “Rose Garden” / “we will ignore you as if you were a gnat” strategy); and (2) opening itself up to more media coverage, to wit, coverage of its affirmative lawsuit.
We are coming up to New York on Thursday to watch the preliminary injunction hearing before Justice Bernard Fried of New York Supreme Court. And we don’t think we’ll be the only media (or quasi-media) types in attendance.
Bob Kolker, of New York Magazine, is writing a feature-length article about Charney; so we’d expect to see him there. Other top legal reporters we’ll be watching out for — we have no idea of whether they’re coming, though — include Peter Lattman and Nathan Koppel, of the Wall Street Journal; Anna Schneider-Mayerson, of the New York Observer; and Anthony Lin, of the New York Law Journal. Update (4:35 PM): Prolific ATL commenter Lavi Soloway will be there.
If you’re at the hearing, feel free to come over and say hello. We look like this.
We also look forward to meeting the parties and their lawyers. We’ve emailed Aaron Charney to tell him that we’ll be there (although he hasn’t responded). And we’ve emailed Zach Fasman of Paul Hastings, who represents S&C, to put him on fashion-and-style notice:
I’m planning to attend the hearing on Thursday, so perhaps I’ll meet you then. Be sure to dress for success! I’ll definitely be writing about the sartorial choices of counsel at this red-carpet event.
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: firstname.lastname@example.org.
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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