As the two firms told the Daily Journal, the talks were called off because of a familiar reason: potential client conflicts. According to a statement issued by Kilpatrick’s co-managing partner, William Dorris, “We explored merger discussions with our friends at Townsend, but clients always come first. When client-related conflicts could not be resolved, we could not proceed further.”
There was unhappy news out of Chicago last week. Stewart Dolin, an M&A partner at Reed Smith, was struck and killed by a train on Thursday. According to the Chicago Tribune, the coroner has ruled the death a suicide.
Dolin was the co-chair of Reed Smith’s corporate and securities practice. He lived in Glencoe, north of Chicago, and was hit by a northbound train at a Blue Line station in the Loop at 1:45 p.m.
When suicides happen, many firms will turn the person’s website bio into a temporary “in memoriam” page, but Dolin’s bio has been removed. A firm spokesman tells us: “After conferring with the family we kept our communication memorializing Stu internal.”
The managing partner in the Chicago office has issued a statement about Dolin’s death.
Lawyers have been all up in The Tonight Show’s grill this year, thanks to the Jay Leno – Conan O’Brien smackdown. But the lawyers were relegated to an off-screen role. Jay Leno never name-checked Gibson Dunn (that we know of) for repping NBC and helping to put him back on his throne.
Another Biglaw firm did get a shout-out from Leno on Monday night, though. During his headlines bit, Leno got laughs thanks to Morrison & Foerster.
The good old days of Biglaw summer associate programs have now become the stuff of legend. Long gone are the days of doing doc review at the beach, unlimited lunches on the firm’s tab, swanky social events, and 100% offers for full-time employment.
Instead, today’s typical summer associate program has been streamlined down to 8 to 10 weeks, reduced the size of its class (by 50 percent or even 80 percent), and adopted new cost-saving rules for meals and entertainment.
We want to hear from you about what your experience has been like under this new paradigm. If you are a 2010 summer associate, please clickhere to complete a short survey, which will be kept completely confidential.
Feel free to use this opportunity to dish all about your firm’s work assignments, facetime requirements, meal budgets, and events – whether good, bad, or indifferent. Survey results will be posted on the Career Center — just in time to help you, your colleagues, or potential summer associates make some important career choices. Thanks!
The Senate Judiciary Committee has voted to recommend Obama’s latest nominee to the Supreme Court, Elena Kagan, to the full Senate, by a vote of 13 – 6. So the former Harvard Law School Dean and current Solicitor General is one step closer to becoming the fourth woman ever to serve on the Supreme Court.
Kagan received exactly one of the seven possible votes from Senate Judiciary Republicans. South Carolina Senator Lindsay Graham was the only Republican to break ranks. But the Democrats held together, and it’s always impressive when Senate Democrats manage to not royally screw something up.
Kagan’s confirmation should be voted on by the full Senate sometime next week.
Come on babe, why don’t we paint the town; and all that jazz!
I’m gonna rouge my knees and roll my stockings down; and all that jazz!
Start the car, I know a whoopee spot; Where the gin is cold, but the piano’s hot!
It’s just a noisy hall; where there’s a nightly brawl
And all… that… jazz…
It’s really a great day to be stuck in Chicago. The weather is pleasant today but not sweltering. The Cubbies have a home game. And former Illinois Governor Rod Blagojevich will take the stand in his own defense. Add in a deep dish pizza and a taping of Oprah, and you could have the full Chicago experience all in one day.
The 2011 Vault prestige rankings went live this morning. It’s the time of the year when associates get to make fun of their friends, and partners get to brag to their peers. Law is a prestige-conscious field, and the Vault rankings will set the tone for prestige battles over the next year.
The top five remain the same, but the order has changed:
Corporate Counsel has released its annual list of the highest-paid general counsel in the land. The trend this year is a leveling-off, says Corporate Counsel, thanks to the recession and the belt-tightening that results from a greater transparency for executive compensation. The party slows down when the lights come on.
These GCs still managed to do well for themselves. At the top of the list is Russell Deyo, of Johnson & Johnson. The Georgetown ’75 grad has been with the company for 25 years, having joined in 1985 as a regular old staff attorney. His salary is a mere $831K, but he rakes in millions in bonus money.
Who topped the list, and how much are they making?
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: