We’ve done a couple of reports on how difficult it is for law schools to raise money through class gifts. Jobs are hard to come by and graduating 3Ls aren’t really in a giving mood.
It’s no surprise that class of 2010 at Harvard Law School reacted negatively when this year’s class gift request came off about as sympathetically as a Toyota fueled by BP. But some schools are trying to do something a little bit different with the class gift this year. South Carolina is asking students to donate time instead of money. And at the kids at Northern Kentucky — Salmon P. Chase College of Law have a particularly interesting idea for 3Ls who want to give back.
Granted, so far almost nobody is participating, but it’s still a really good idea…
* The proposed DADT repeal still seems open to Presidential discretion. [Metro Weekly]
* If a court can force Lindsay Lohan to wear an alcohol detection bracelet like she’s in a damn Orwell novel, I’m not surprised that they can force a father to remove all the guns in his house while his son is home and on probation. [Volokh Conspiracy]
* I haven’t taken any cheap shots at the NFL over American Needle. Yesterday, the NFL gave New York the 2014 Super Bowl. Coincidence? I think not. But here’s a collection of American Needle news (and other sundries) from around the web. [Infamy or Praise]
* I had no idea that the New England Journal of Medicine had any public policy angle other than “please stop suing doctors.” [Drug and Device Law]
* Personally, I think “reverse termination” should replace “self defense” in our legal lexicon — but unfortunately the term already has a legal meaning. [M&A Law Prof Blog]
Whenever somebody advises you to not do something they themselves are currently doing, you have to take the advice with a bit of skepticism. The cynics among you will not be surprised that a solo practitioner advises against young attorneys starting their own solo practice. Who needs the competition?
We’ve detailed how difficult it is to start a solo practice before. But given how many people breezily suggest that displaced attorneys can just “hang out a shingle” and make money, Scott Field’s advice written on the Texas Lawyer (gavel bang: ABA Journal) seems timely and appropriate:
[M]y first suggestion for recent law school graduates considering going solo is: don’t. A recent graduate should find a job somewhere where he can gain experience and receive on-the-job training. By doing so, he will learn how to practice law — something law school does not teach. Experience matters. Recent graduates should try to get some before going solo.
People thinking they are going to go to law school and have a solo practice as their safety net should listen to that advice too…
Tuesday, the InsideCounsel SuperConference kicked off with a presentation by Eric O’Neill, the former FBI agent whose spy-catching was immortalized in the Hollywood film, Breach (he’s Ryan Phillippe). O’Neill told spy stories that, while exciting, had questionable relevance for the gathered in-house crowd, beyond some advice for preventing corporate espionage. Watch what kind of information you give out at trade shows, for one.
The next panel was more directly applicable for those in attendance: a panel on corporate governance moderated by former Ambassador and current Nelson Mullins partner Philip Lader. With tan skin and a generous mane of white hair, he had the air of a cruise ship director and so it was not surprising that he did an excellent job steering his panel.
His panel — comprised of Marriott International’s EVP and General Counsel Edward Ryan; Delaware Supreme Court chief justice Myron Steele; Chicago business school dean Edward Snyder; and Enron whistleblower Sherron Watkins — gave practical advice for in-house counsel on managing risk and dealing with outside counsel.
What’s one thing all corporate lawyers should be thinking about? Well, besides the implosion of the legal job market. Dean Snyder says left-tail risk should be on everyone’s minds…
What if Supreme Court nominees didn’t have to defend themselves to the American public? What if the U.S. Senate’s constitutional privilege of “advice and consent” was revoked? What would the Court look like if the nominees didn’t have to even pretend to be moderate?
It’s a thought experiment that we’re sure has been done countless times before. But we’ve never done it, so we’ll plunge ahead.
Here are the rules: (1) The nominee should be unconfirmable. (2) The nominees on the right should make Elie angry; the nominees on the left should make Lat uncomfortable. (3) Mealy-mouthed moderates need not apply.
This past Monday, middle-aged housewives, quadriplegics who were not able to turn the channel, and yours truly tuned into the 763rd 20th season of The Bachelor franchise.
This season stars Bachelorette Ali Fedotowsky, an unemployed 25-year-old who quit her job at Facebook and moved back in with her parents to be on the show. Fans of the series will recall that Ali was a castoff from last season’s Bachelor, where she endeared herself to fans by wearing low-cut dresses, crying frequently, and vaguely resembling a poor man’s Reese Witherspoon as seen in dim light through cataracts. Anyhow, she’s back this season and more determined than ever to find love with one of 25 white bachelors, not including the one Hispanic dude, Roberto.
Figuring that regular guys might be intimidated by Ali’s professional ambition and success, the Bachelorette producers assembled a squad of gentleman callers that simply cannot fail to impress. There is the “outdoorsman,” the “dental sales associate,” the “medical sales associate,” the landscaper, the “internet account executive,” and even the weatherman. Also vying for Ali’s heart are two of our very own kind: LAWYERS.
Sonnenschein isn’t going to let the recession slow down its expansion. Back during the heart of the recession, Sonnenschein saved around 100 lawyers from the sinking Thacher Proffitt.
Today brings news that Sonnenschein has expanded its reach across the Atlantic Ocean. The firm has proposed a merger with U.K.-based Denton Wilde, to form SNR Denton. From the new firm’s press release:
SNR Denton would be a top 25 law firm worldwide by size, with approximately 1,400 lawyers and fee earners on four continents, a presence in 18 countries, and its two largest offices in London and New York…
SNR Chairman Elliott Portnoy, who will become co-CEO of SNR Denton, said: “This combination is the next step in our vision to create an elite, client-focused international firm that is about one thing – quality. Both firms have long enjoyed reputations as being world class, and now together we’ll have the assets and professional resources to carry that forward to new sectors, new practices, and new markets. As one firm, we will be able to serve our clients better.”
‘Tis the season for transatlantic mergers? The Sonnenschein news comes on the heels of Ho-Love (a.k.a. Hogan Lovells) beginning operations…
I received this timely and topical letter a few weeks ago:
Now is the time of year when all the 3L’s at every law school are enjoying the time between graduation and starting their bar review (at least for me). Do you have any advice for us on how to keep our sanity during this 10 week adventure and not go crazy or over-stress when the big day finally comes?
It got me thinking about my own bar exam experience – and brought back a memory from my law school days.
Close to graduation time, I was having a final meeting with a professor with whom I’d written a journal article. It was a pleasant meeting – the article was in print and he was pleased with it. He even said he was going to use it as part of his syllabus for a seminar. I was feeling as close to a super-star as I ever got in law school.
At some point I confided my concerns about the approaching bar exam. I told him it gave me butterflies in my stomach.
“Oh, don’t worry about that,” he assured me. “Only the real knuckle-draggers fail the bar exam.”
We shared a laugh, I shook his hand and left his office, but I knew – more than anything in the world – that I needed to pass that exam. I didn’t want to be a “knuckle-dragger.” I’m guessing you don’t want to be one, either.
Yesterday, we told you about a law firm that left a war veteran without an offer. Today, we are able to confirm that the firm in question was Foley & Lardner. But we also have a correction and some additional details about the situation.
Let’s get to the correction first. The Minneapolis Star-Tribune reported:
Matt Nelson graduated last week from the University of Minnesota with a law degree and an MBA. Nelson, 36, was on track to earn $145,000 his first year at a Milwaukee firm. But duty called, and while he was serving as an Army paralegal in Iraq, Milwaukee withdrew its offer.
The Minneapolis paper got it wrong here. Matt Nelson was a summer associate at Foley & Lardner in 2008 and 2009. Foley no offered him at the end of his 2009 summer at the firm, which was after he had returned from Iraq. The firm did not pull his offer while he was serving overseas.
That’s lucky for Foley. As many commenters pointed out, yanking an offer while Nelson was in Iraq (as the Star-Tribune reported) might have gotten Foley into legal trouble. As it stands, Foley’s actions are just a depressing statement about insufficient respect for our war veterans.
Above the Law reached out to Matt Nelson, and he made it clear that he doesn’t want anybody feeling sorry for him just because of one no offer….
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 seven years. You can reach them by email: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!