We have previously discussed the subject of pensions at the deeply troubled law firm of Dewey & LeBoeuf. Right now it’s looking quite likely that the firm will wind up in dissolution or bankruptcy. If the firm does go down that path, what will happen to the retirement benefits of current and former employees?
Today we have some news on that front — plus UPDATES on other Dewey stories, of course….
Why is that? I submit that there’s a generational divide in legal humor.
When my daughter was in first grade, and her classmates were all losing their baby teeth, I picked up Jessica’s arm one day and felt around in her armpit. “Hey, Jessica,” I asked, “are any of your classmates losing their baby arms yet?”
Jessica didn’t laugh. Instead, she gave me a look that said, “I’m pretty sure that he’s kidding — but if he’s not, this really sucks.”
Dear Lord, Florida seems like a dangerous place. The only people who are unarmed there are the criminals. Certainly, the lawyers in Florida have guns, and they apparently know how to use them.
A lot of people will see this as a cool story: cat burglars broke into a law office, and an old lawyer who was asleep at his desk defended himself. We like cool stories about lawyers defending themselves, and this one certainly fits the bill.
But what I see is a person who almost died because of Florida’s ridiculous gun laws. I see a person who was not threatened with deadly force use deadly force anyway. And I see no reason to keep praising this vigilante justice where people can take the law into their own hands, even if they are lawyers….
* Since you’re so funny, crack some jokes about this one, Obama. Senate Republicans will be filing an amicus brief in support of a challenge to the constitutionality of the President’s recess appointments. [New York Times]
* Thanks to this Third Circuit ruling, you can rest easy knowing that you can rely on the First Amendment to protect your homemade sex tapes from all of those strict porn record-keeping and labeling requirements… for now. [Reuters]
* Due to Kelley Drye’s EEOC settlement, the New York State Bar Association is asking firms to end mandatory retirement policies. Because old folks need to make bank till they croak. [Thomson Reuters News & Insight]
* The ABA’s Commission on Ethics 20/20 has decided to ditch its proposal to allow limited nonlawyer ownership of law firms. Cue tears and temper tantrums from the likes of Jacoby & Meyers. [Am Law Daily]
* “If I believe that Chris Armstrong is a radical homosexual activist, I have a constitutional right to express that opinion.” Yeah, yeah, yeah. Tell that to the judge who dismissed your suit, Shirvell. [Detroit Free Press]
* Presenting “her royal hotness”: apparently Pippa Middleton has been seen cavorting around France with gun-toting lawyer Romain Rabillard, of Shearman & Sterling. [Daily Mail]
It's a terrible thing when you have to wait too long for your chance to rule.
The entitlement reign of the really old will not end soon. With advances in modern medicine, advances that the Supreme Court will tell us how we’re allowed to pay for, today’s old people will live and work longer than any previous generation on Earth.
Or at least take up space.
While a family might be able to shove Grandpa into a nursing home, modern businesses are having a really tough time getting septuagenarian or even octogenarian partners to go away, and leave their clients behind. The Equal Employment Opportunity Commission ruled that Kelley Drye owes one of its partners over half a million dollars for trying to push him into retirement, and it opens a wide door for old people to hang onto to their offices and their clients well after they can no longer chew the leather.
Maybe it’s the right thing to do, but it’s got to be annoying for the Prince Charles-esque 60-year-old “up and comer”….
There’s a great story in the Washington Post this morning about how senior citizens are still struggling to pay off their educational debt. Senior. Citizens. The story says that collectively Americans over 60 owe $36 billion in student debt. That figure includes seniors who have co-signed on loans for their children or grand-children.
And yes, I love the holier-than-thou people who lecture me or other debt-defaulters on our financial responsibilities who went to school by putting their parents or grandparents at financial risk.
But seniors are also in trouble because they took out loans to finance continuing education later in life. I’m sure if you look around your law school, you’ll think of a couple of people who are really too old to be there but were led to believe that one more credential would solve all of their life’s problems.
The senior struggle is just one more indication that our system for financing higher education is about to implode…
* Thinking of going to law school and leading a stereotypical Biglaw life of luxury? Perhaps you should consider taking ex-K&E partner Steven Harper’s class at Northwestern. You might just change your mind. [Chicago Tribune]
* Parts of Junie Hoang’s lawsuit against IMDb have survived dismissal, but she can kiss her $1M damages claim goodbye. Too bad, because at her age, she could really use the retirement money. [Hollywood Reporter]
* Hofstra’s going to Havana, but it’s not to get career advice from Fidel. Instead, students will learn about U.S. export law. Sigh. You don’t need to go to Cuba to find out you can’t bring back cigars. [National Law Journal]
* Who’s the latest lady love in Lindsay Lohan’s life? Shawn Holley. LiLo reportedly whispered sweet nothings into her lawyer’s ear after she was freed from the bonds of supervised probation. [Los Angeles Times]
When I visited New York back in January, I stayed with some friends. When I woke up Saturday morning on the couch, my buddy and his roommate had already taken out their laptops and were typing away. I asked, “What are you guys doing today?” They both responded, “Working.”
I could not believe it. It was a surprisingly warm winter day. And my friends decided to remain cooped up in their literally windowless Manhattan apartment. Why wouldn’t they go outside? Go to park, or a bar for some day drinking.
But that’s America. We are always connected, always on call, and ignoring your BlackBerry for more than 90 minutes may be a fireable offense.
It wasn’t always this way. And there are some heretics among us who make a compelling case for a return to the 40-hour work week. Before you shoot the scruffy Californian, hear me out….
* Building bridges instead of burning them: a new Republican strategy that just might work. Thanks to this Senate deal, 14 federal judicial nominees will get confirmation votes before summer. [Legal Times]
* According to this survey, Biglaw firm leaders are wearing rose-colored glasses when it comes to the economy and current business conditions. That said, where are the spring bonuses? [Am Law Daily]
* A jury found Virginia Tech negligent in its handling of the school’s 2007 massacre. The administration will probably appeal, but it’d be nicer if they just appeased the victims’ families. [Wall Street Journal]
* Want a tenure-track teaching position? Just sue. Nicholas Spaeth’s age discrimination suit against Georgetown Law will proceed, much to the school’s chagrin. [Thomson Reuters News & Insight]
* Kim Kardashian + boobs + lawsuit = water cooler fodder for lawyers. [New York Post]
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…
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 protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.