Here’s a photo of lawyers affected by the south Florida blackout, from the Miami Herald:
Here’s the actual caption:
Lawyers, from the left, Alan Lash, Justin Fienberg, and Alex Mendez, not lawyer, working on a project at Greenberg Traurig, on 27th floor of 1221 Brickell, went to lunch and found the building out of power.
ATL readers, we think you can do better. We welcome your suggested alternative captions, in the comments. Assuming sufficient response, we’ll take our favorites, incorporate them into a poll, and hold a caption contest. Thanks. Update (2/29/08, 10 AM): New entries for the caption contest are no longer being accepted. We are reviewing the current submissions and will post a poll next week. Thanks. Update (3/3/08): You can vote on the nominees over here.
This latest bit of associate pay raise news is not particularly new. It was conveyed last week, via hard copy letter (in envelopes marked “professional and confidential”).
But we never met a pay raise announcement we didn’t like, so we’ll pass it along. Foley & Lardner — which, by the way, recently announced its new partnership class — has raised the salaries of its non-IP associates in the Milwaukee, Miami, and Detroit offices.
Numbers and tables, after the jump.
I saw this piece on Tax Prof Blog and thought your readers might have some interesting thoughts. NALP has decided next fall the 2Ls only get 45 days to hold an offer for a summer position. See here.
I have a job at a firm this summer that is part of NALP that I am happy about as a 1L but I definitely want to go through OCI. If I leave my job this year at the end of July, the firm will likely notify me by August 15th that I have an offer for the next summer. It would then expire by September 30th!
It seems possible that I could be in the middle of call-backs with other firms and have to decide whether to take a chance on getting a better offer or not. Yikes!
And what about firms that don’t do OCI at my school? I doubt that they will go through submitted resumes, conduct interviews and make offers by then.
So, ATL readers — any advice for our nervous 1L? Or any views on whether this rule change is a good or bad idea? Update / Correction: According to the analysis of this commenter, the scenario outlined above would not come to pass. We’ve reviewed the NALP rules, which can be accessed in full over here, and we agree with the commenter. See Part V, Section C: “Employers offering positions for the following summer to candidates previously employed by them should leave those offers open until at least November 15.” 2Ls Now Must Respond to Summer Job Offers Within 45 Days [TaxProf Blog] Full Text of NALP Principles & Standards [NALP]
We didn’t notice this, until a tipster just mentioned it to us: today is the February MBE day. So, to everyone taking the multistate bar examination right now, good luck!
From the same source:
I thought an open thread about the weirdest bar preparation might be entertaining. I immediately thought of you when I was told that the husband of an acquaintance, taking the bar for his second time, decided to “manage” his bathroom breaks by first doing a purge diet the week prior to the bar, and then taking Immodium each day during the exam.
Sorry for the crudeness, but I found this funny, as well as a bit extreme.
No worries. We have a reasonably high tolerance for crassness in these pages.
We also like this suggested topic of bar prep. The February administration of the bar exam is often more difficult to study for than the July administration, since those who sit for the bar in February are more likely to have to juggle their studies with other commitments (e.g., a day job). July exam takers, in contrast, are usually recent law school graduates who have taken the summer off to prepare full-time for the big test.
If you have any good stories about how you prepped for the bar, feel free to share them in the comments. National Conference of Bar Examiners: MBE [official website]
So how much did Aaron Charney get in his settlement from Sullivan & Cromwell? There has been lots of speculation, but little evidence.
Here’s one fact suggesting that he did pretty well: Aaron Charney just bought a $1.5 million Manhattan condo. As reported by Max Abelson in the New York Observer:
A deed filed in city records suggests that the Sullivan settlement wasn’t minor: Mr. Charney and a partner just paid $1.495 million for a penthouse at the newly converted condo at 93rd Street and Broadway.
According to the floor plan, they’ll have two bedrooms, a 17-foot-long living/dining room and an L-shaped terrace that stretches 50 feet on each wing….
The 987-square-foot terrace, nearly as big as the interior space, is edged by high walls, which means there’s privacy instead of views. “I would consider it extremely private, with an opportunity to take your inside living outdoors,” the broker said.
Sounds fabulous — although quite different from his former home. Charney’s new abode is in a prewar building (pictured), as opposed to the ultra-modern Orion, where he used to live. And it’s in a more staid neighborhood: the Upper West Side, as opposed to the hip and gentrifying Hell’s Kitchen.
But at $1.5 million, Charney’s new home is 50 percent more expensive than his old one, which he sold last year for a little under a million ($150K more than what he paid). So Charney is definitely movin’ on up.
More discussion, including speculation about Aaron Charney’s finances and romances, after the jump. Update: Since this post was originally published, we’ve appended multiple updates, which appear after the jump.
We received 826 responses to last Thursday’s ATL / Lateral Linksurvey, which asked you what kind of benefits, leave or part-time policies you would most like your employers to offer.
Both men and women found a reduced-hours track with lower compensation a particularly appealing policy, with roughly a third of male respondents and a quarter of female respondents ranking it their top choice.
However, roughly the same number of female respondents ranked on-site childcare as their top choice, and almost twelve percent of male respondents agreed.
A telecommuting option was also appealing, with more than a quarter of male respondents ranking it as a first choice, and a fifth ranking it #2. Fewer women, 14.4%, ranked a telecommuting policy as the most appealing option a firm could provide, but roughly seventeen to eighteen percent of female respondents ranked telecommuting as their second, third, or fourth choice.
Less than ten percent of men and only 15.7% of women ranked a flex-time policy as their top choice, but it was actually the most popular second choice for respondents of each gender.
Both men and women also generally preferred the idea of a two-year part-time track, treated as one year for seniority purposes, to either longer parental leave or a six-month part-time option.
See charts of responses by both genders, after the jump.
We have previously compared Linda Greenhouse, the veteran Supreme Court correspondent of the New York Times, to Margo Channing, the great but aging diva of All About Eve. The comparison continues to hold.
Just as Margo Channing eventually leaves the thea-tuh, so too does Linda Greenhouse leave the SCOTUS. Ed Whelan, the former Scalia clerk with lots of Court connections, has this report over at Bench Memos:
According to a well-placed Supreme Court source, New York Times reporter Linda Greenhouse is telling folks at the Court that she has accepted a Times buyout package and will be ending her coverage of the Court at the end of the current term.
So that’s the word on One First Street. We have reached out to Linda Greenhouse for comment and will let you know if and when we hear back from her.
If this is true — and we have no reason to doubt it, since it comes from the well-connected Whelan — then Jan Crawford Greenburg is one step closer to being Queen Bee of the Supreme Court press corps. Nina Totenberg, watch your back! Update: More from Ed Whelan at NRO Online: “On the same day that we learn of Linda Greenhouse’s imminent departure from the New York Times, Greenhouse provides further evidence of her bias….” Greenhouse’s Departure [Bench Memos / National Review Online] Re: Breyer’s and Souter’s Drift to the Right? [Bench Memos / National Review Online] Earlier: All About… Jan?
We’re back with another installment of the Legal Eagle Wedding Watch, where we weigh the relative prestige and fabulosity of the newlywed lawyers who are brave enough to splash their happy news across the pages of the New York Times.
Here are the latest LEWW hopefuls:
* EU fines Microsoft $1.3B. [New York Times]
* Sinking Eskimo village sues energy companies for global warming. [CNN]
* Polygamist Jeffs charged in Arizona. [MSNBC]
* Mayor recalled over MySpace picture and golf course management. [CNN Video]
* Law Blog chats with “NCAA defender to the stars.” [WSJ Law Blog]
A struggling personal injury lawyer was disbarred last month, for splitting fees with non-lawyers, aiding the unauthorized practice of law, and other offenses. Sounds pretty unexciting, right?
But Keith Rubinstein is no ordinary PI lawyer; don’t cry for him, Argentina. Last year, he beat out Evita — i.e., Madonna, the Material Girl herself — in a bidding war for a $35 million townhouse on the Upper East Side. For more about Rubinstein, see this interesting article, by Anthony Lin in the New York Law Journal.
Rubinstein is used to swanky digs. He previously lived in a West Village townhouse that Will Smith rented for $60,000 a month during the filming of “Hitch.”
Speaking of lawyerly landlords, Charles T. Munger, a founder of Munger, Tolles & Olson, has been in the news lately for real estate reasons. Munger owns the building that houses the popular Dutton’s bookstore in Brentwood, Los Angeles. Dutton’s is closing its doors in April, in part due to rising rents.
But don’t blame the bookstore’s fate on Charlie Munger. From the Los Angeles Times:
The property [housing Dutton's] is owned by billionaire investor Charles T. Munger and his wife, Nancy. A founder of the Los Angeles law firm Munger, Tolles & Olson, he partnered in 1978 with Warren E. Buffett to run Berkshire Hathaway Inc., a holding company.
Munger was in Washington on Monday and could not be reached. He said in a statement that he would allow Dutton’s to use the space rent-free during the liquidation and that he would cover the $550,000 debt in exchange for the store’s closing. Dutton described the offer as “very gracious and generous.” As part of the deal, Munger said, Dutton would retain the Dutton’s trade name.
In light of the explosive economic growth of China and the Far East, many top U.S. and global law firms are trying to figure out how to enter Asia. And Above the Law is, too.
We’re looking for someone to write a weekly column for us about practicing law in Asia. It would be similar to ATL’s other columns — e.g., Legal Eagle Wedding Watch, Sports and the Law — but centered on what it’s like to be a lawyer in Asia.
The ideal candidate would be someone currently practicing in Asia. But former and future Asia practitioners would also be considered, as long as they can write knowledgeably about working in Asia, have a network of sources on the ground, etc.
The columnist can write under a pseudonym if desired. The gig comes with pay (a modest stipend). It’s an excellent opportunity for anyone looking to do some fun, non-legal writing, or to share their expat experience with ATL’s large and growing readership.
If you might be interested, please email us (subject line: “Asia column”). Please include a brief bio and a discussion of your vision for the column, including possible topics to write about if you have some in mind.
Thanks! We look forward to reviewing your applications.
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.