Is this part of a larger trend? And will it continue?
“In under a year, White & Case has lost nearly 40 partners, most of whom have the largest books of business in the firm,” according to one source. “Many of the partner departures have been widely covered by the media — e.g., the 13 departures to Latham in London — but many more have been under the radar screen.”
We’ve received divergent opinions, however, on the extent and significance of the partner losses. Some say that many of the partners who left are not major names and have limited books of business, and that 40 is far too high for the number of departures in the past year. According to the Lawshucks Lateral Tracker, at least 28 attorneys have left W&C since October 2009, but we don’t know the number for the trailing 12 months.
Who are some of the other White & Case lawyers that have left for other firms? What are the broader implications of these departures? And what does the firm have to say about all of this?
For those of you who will be in New York on July 12, we’d like to bring this fabulous event to your attention, hosted by Above the Law and the Practical Law Company. It will feature free food and drink (since summer associates won’t accept anything less). Here are the details:
Monday, July 12, 2010
6 PM – whenever
Amity Hall (80 West 3rd Street, New York, NY 10012)
The event is free, but space is limited, with priority given to summer associates and law students. Please RSVP by email, to email@example.com.
Thanks. We look forward to seeing you on the 12th!
Yesterday, we brought you the news of Fordham Law School Dean William Treanor’s appointment as dean of Georgetown Law School, when we posted a message that went out to Georgetown law students at 4 p.m. We soon learned that we blindsided Fordham students and alumni with the news. They weren’t happy to get the “Surprise! Your dean is bouncing!” message from us, instead of from Fordham or from the dean himself.
One alum g-chatted us:
I can’t believe Treanor is leaving Fordham… All of my friends are shocked and now in the anger/betrayed phase.
Treanor was well-liked at Fordham, but his hasty departure left a bitter taste in the mouths of some of his former students. One commenter said:
Congratulations Georgetown you just earned a Dean who left Fordham Law without any sense of warning or notice to Fordham students after years of issuing statements of how Fordham is a “community” and a “home.” Oh! and how convenient after he was a strong cause for Fordham dropping in the rankings from 25 to the 30’s. Oh ya Bulldogs. That was a great steal.
Let this be a lesson to other deans who plan to jump to a higher-ranked ship. Make sure you send your farewell message before your new school sends out its welcome message.
Dean Treanor did send out an email to Fordhamites, but it was sent over two and a half hours after Georgetown kids got the giddy news, and two hours after our post went up. A two-hour delay may seem inconsequential to some, but in the world of instant news and communication, it’s unforgivable in the minds of some Fordham folk. Did he make up for the faux pas in the email?
While we recognize that some fortunetellers may make fraudulent statements, just as some lawyers or journalists may, we see nothing in the record to suggest that fortunetelling always involves fraudulent statements.
It’s about the time of year when students studying for the bar exam are gearing up for one of the big BAR/BRI practice tests: the midterm. Many, many people report that they only really step up their study efforts after the 4th of July — and the reason for that is usually a disappointing score on the midterm.
Most people who score poorly on the midterm will either slip into despair or go into crazy, hyper-studying overload. And both of those paths can lead to bar exam failure. For the vast majority of people, passage or failure on the bar exam is not about innate intellectual ability. It’s about managing your nerves and successfully gaming the test. Most people who can graduate from law school can pass a bar exam. But many will not, and their failure is not about being dumb.
To give hope to those who might be feeling hopeless this week, I’d like to tell you how I passed the bar on my first try — after absolutely bombing the midterm just a month before the real thing…
An editor at Above the Law suggested some months back that I do a piece on the U.S. News & World Report law school rankings. For whatever reason, this stodgy old weekly news magazine — which someone must still read — has created a sideline business publishing rankings of schools, including law schools. I’m not sure what the criteria are, but at least in theory, it’s a big deal for lawyers when the list comes out each year.
The list seems designed to make official what everyone knows anyway, i.e., that there are “prestige” schools that are harder to get into. But like any good opinion piece, they throw in a few twists — familiar names in unexpected places. It boils down to dissing one of the big places, or unexpectedly anointing a second-rank outfit. That way everyone can get riled up over the respective rankings of my school versus your school.
It sounded kind of boring, so I filed the idea away.
Then it started to gnaw at me. The U.S. News list seemed like a good example of the amazing lengths lawyers go to in order to distinguish themselves from one another. The entire profession splits hairs like this because the career path is so conservative there isn’t much to distinguish one attorney from another. Every lawyer lines up to take the LSAT, then get processed and distributed to law schools based on hairline distinctions. In class you sit through identical lectures, take identical exams, and head off — for the most part — to identical firms to do nearly identical work.
Morrison & Foerster tends to attract quirky types. The firm is demonstrably offbeat, from its mildly bizarre website to its embracing the moniker “MoFo.” So we were not particularly surprised when an artist type auctioning off a piece of conceptual art on eBay turned out to be a lawyer from the firm.
Alfred Steiner is a tech and IP lawyer in MoFo’s New York office. He described the piece to us thusly:
In a conceptually reductive context where works are increasingly defined more by an agreement between artist and collector (whether written or oral, tacit or explicit) than by the tangible manifestation of the work itself, what would a work become if it were reduced to be coextensive with that agreement, that is, if that agreement were the work itself?
Yup, the piece of art is a contract. What we were surprised by was how much a contract from a Morrison & Foerster attorney went for on eBay…
And we’re back. Day 3 of the Elena Kagan Senate Confirmation Hearings. Today, junior Senators will get to finish their first round of questions, and then the Senators on the Judiciary Committee get to go after Kagan for a second round…
* Just in case you didn’t already know, Facebook is really, really helpful for divorce attorneys. [Associated Press]
* DailyKos founder Markos Moulitsas plans to sue polling company, Research 2000. [Washington Post]
* Meanwhile, Howrey goes after Nate Silver on behalf of Research 2000. [FiveThirtyEight]
* Make sure that your in-house lawyers all have their licenses in order. Communications by Jonathan Moss, who was chief in-house counsel at Gucci but practicing with a lapsed license, are not entitled to attorney-client privilege in a trademark infringement lawsuit against Guess?. [New York Law Journal; ABA Journal]
* The SEC pays out $755K to fired lawyer Gary Aguirre, who claimed wrongful termination after he tried to investigate a prominent hedge fund. [Associated Press]
* A Texas lawyer and his wife accused of stealing $2 million for military veterans. [Houston Chronicle]
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: