No charges will be filed against Eliot Spitzer for his participation in a prostitution ring. According to the Wall Street Journal:
Manhattan U.S. Attorney Michael Garcia said that investigators found no evidence that Mr. Spitzer or his office misused public or campaign funds for prostitution. Federal prosecutors typically don’t prosecute clients of prostitution rings.
I suppose losing your job, your career, and being publicly humiliated is punishment enough. But couldn’t they at least have made him pick up trash in Central Park for 80 hours?
Spitzer’s statement was apologetic:
I appreciate the impartiality and thoroughness of the investigation by the U.S. Attorney’s Office, and I acknowledge and accept responsibility for the conduct it disclosed. I resigned my position as Governor because I recognized that conduct was unworthy of an elected official. I once again apologize for my actions.
Anybody want to set the odds for a Spitzer 2012 comeback? Lieberman-Spitzer could lead the Excommunication Party.
LEWW is delighted to be back on duty after several weeks away. We won’t bore you with the reason for our absence, other than to say that we were engaged in an endeavor that–like many of the weddings we cover–ended in pain, bitterness, and finger-pointing.
But that’s all behind us now, and we’re excited to catch up on all the fall weddings we missed. Here’s the first set (more to come tomorrow):
A job seeker, who had applications for full-time employment pending with many of New York’s major law firms, recently landed a clerkship. So he decided to withdraw his Biglaw applications.
Here’s the letter he sent — in a spirit of playfulness, not arrogance — to one prominent firm:
Thank you for considering me for an associate position at Wachtell, Lipton, Rosen & Katz. Your firm’s background and experiences are impressive, and I know that your efforts to find an appropriate associate will be most successful.
Unfortunately, I am no longer able to pursue a position with your firm. If for any reason my needs should change, I will let you know. I sincerely appreciate your firm’s interest and wish your firm success in its future endeavors.
Marty and Herb must be heartbroken, but we suspect that they’ll get over it. Time heals all wounds.
Kramer Levin is going to be a film star. The New York office received notice yesterday that a movie shooting will start there next week.
From: Tortorella, Nicholas J.
Sent: Wednesday, November 05, 2008 11:39 AM
To: All NY
Subject: Movie Shoot at KL
The firm has consented to permit several scenes from “Love and Other Impossible Pursuits” to be filmed in our space. The movie features Natalie Portman, Lisa Kudrow and Jeffrey Dean Morgan. Filming is scheduled to begin next week and will take place in 29C – 29L – the north corridor of 30 and office 3027. I know this will present some inconvenience, but we thought that it would add a bit of excitement and fun in an otherwise challenging time. I ask your patience and no, they don’t require any extras, stunt people, walk-on’s or real lawyers!! Filming will take place primarily on Wednesday and Thursday of next week but there will be some activity as early as tomorrow. They chose our space because it conveyed the image of a big, powerful, successful NYC law firm (in spite of our recent plumbing issues). The film will be released next year and the firm will be mentioned in the credits.
In the novel-based film, Natalie Portman will play an aspiring lawyer who “thought she knew what she wanted when she went after the sexy, married senior partner,” Jeffrey Dean Morgan (aka Denny Duquette from Grey’s Anatomy). No plumbing issues for the firm partner: Portman’s character gets pregnant.
New York City mayor Michael Bloomberg could be preparing to raise taxes:
To close budget gaps in the year that starts next July the mayor is thinking about a combination of sales tax increases and income tax hikes.
“Every city agency must push each dollar further,” Bloomberg said. “We’re going to do that and doing that means making hard choices that will not be popular with everyone or perhaps anyone.”
The mayor proposed raising the income tax by either 7.5 percent or 15 percent.
15 percent? Tastes like loss of purchasing power.
If New York associate salaries remain flat (a near certainty) then the incentive to work in NYC is … free Knicks tickets?
These new taxes could push the cost of living in New York well beyond the expenses of living on the International Space Station:
“Increasing the personal income tax would be a disaster for the city,” said Nicole Gelinas of the Manhattan Institute. “It’s hard to overestimate that fact. We’ve already got the highest local personal income tax in the nation.”
And this is of course before you take into account Obama’s planned tax increases on individuals making more that $250,000.
If you’re a mid-level NYC associate, it might be time to consider the legal market in New Hampshire.
The Christian Legal Society had their big conference in Washington, DC, but not all of the participants walked away feeling good about the direction of the organization. One tipster reports:
I attended the CLS conference in Washington and was surprised and disappointed by its focus on the culture wars. The law student portion of the conference turned out to be two things. 1. It was a pity party for how Christian groups are so oppressed. (Right, because Jesus’ disciples thought following him was the ticket to getting on Law Review and SBA. Ummm. See Acts 1:1-28:30.) 2. The focus was an “us against them” rallying cry back to the culture war. There was much talk about the “Membership Statement of Faith and Sexual Morality Standards” that CLS chapter board members apparently have to sign, but nothing about compassion and caring that is supposed to mark Christians. See Matthew 25:35-46. At least for those of us who walked out in disgust, it was a very sad thing to witness.
In a follow up email sent yesterday, the Director of the Center for Law & Religious Freedom Christian Legal Society emphasized CLS’s “non-discrimination” policies:
As you will recall, I made a short presentation during the NSLC on Saturday afternoon. I distributed hard copies of the Q&A we prepared regarding the application of nondiscrimination policies to CLS law school chapters. For your convenience, I’ve attached an electronic copy to this email. …
Are you having any difficulties on your campus? Does your law school forbid student groups — even religious ones like CLS — from “discriminating” on the basis of religion, sexual orientation, marital status, or gender identity?
Please let me know. I’d very much appreciate hearing from you. And please let me know if there is anything that the CLS Center can do to serve you.
Blessings in Christ.
How the Christian Legal Society interprets anti-discrimination after the jump.
As expected, the overwhelming majority of you — almost 80% — said that your firms raise salaries in January.
But the rest of you are probably in for a wait. More than half of the associates who aren’t getting raises in February reported that raises will happen later, not earlier, at their firms.
Results: When Does Your Firm Adjust Salaries
Less than 1%
Less than 1%
Less than 1%
Less than 1%
Less than 1%
Respondents reporting October raises included associates at Kenyon & Kenyon, Curtis Mallet-Prevost, Quarles & Brady, and a few boutiques. February raisers included Foley & Lardner, MoFo, Paul Hastings, Drinker Biddle, Akerman Senterfitt, and WolfBlock. According to attorneys at K&L Gates, Seyfarth Shaw, and Moore & Van Allen, March is the month for step-ups in salary.
Bear in mind, though, that some firms that announce raises in February or March may apply those raises retroactively to January 1. And, in a tough financial climate, we may see more firms delay raise announcements this year or perhaps, as one commenter predicts, announce raises of zero:
Remember you read it here first. At least 10 AmLaw firms will decide in January 2009 that they will not move salaries up to “the next class.” The stagnation in the market will – when combined with the trough in net earnings cause firms to say “we are holding you where you are – which is better than having to RIF 10-15% of you.” This will be the year the air goes out of the tire of associate raises.
Several firms did indeed freeze salaries during the last recession.
But that’s not to say that billing rates won’t go up. In fact, there’s a good chance they already have. Most respondents receiving raises in January said their rates go up during the fall — or even the summer — before:
As reported in these pages, a few large law firms are rescinding offers of summer associate employment. Some of the rescissions have been firm, with the firm essentially saying, “this offer is no longer available to be accepted.” Some have been softer, cast as “our offer is still open, but if you show up, we can’t guarantee an offer of permanent employment.”
In a series of posts, Elie has urged those of you going through fall recruiting and sitting on an offer (or offers) to accept as soon as possible. This is also the advice of several law school career services offices. We’ve previously posted a number of memos from CSOs urging quick acceptance; two new ones, from Cardozo and Vanderbilt, appear after the jump.
There is much wisdom in this advice — but the situation may be a bit more complicated than it might seem. From the UVA Law Blog:
[T]his “no sitting on the offer” business that ATL keeps propagating…. is far more complex than it would seem. Basically, there seems to be two somewhat contradictory underpinnings of this advice. First, you should accept an offer ASAP because holding multiple offers opern for too long hurts your fellow students. Second, you should accept an offer ASAP because you are likely to lose it if you don’t; therefore it’s in your own best interest. These are two different concerns, and we’ll try to disaggregate them.
* A puppy named Afro was rescued from a burning law firm in South Africa, and his owner promptly “smothered him with kisses.” [Independent Online]
* Google dumped its needy girlfriend Yahoo, forgoing their advertising partnership instead of going to court to fight an anti-trust law suit filed by the US justice department. Yahoo is disappointed to say the least. It seems totally unreasonable. Google, a monopoply? [Financial Times]
* Yesterday, SCOTUS discussed whether or not an Eritrean prison guard should be given asylum in the United States, even though he participated in torturing and killing inmates. The guard says he should be forgiven because he performed these acts under “duress.” A similar case with a Nazi prison guard served as precedent. [The New York Times]
* What’s in a name? Democrats swept the courts in Harris County, Texas. If that surprises you, consider the Houston Chronicle’s explanation for why four republicans kept their seats: their democratic opponents had unusual names. [Houston Chronicle]
* Labor union workers were among those dancing in the streets Tuesday night. The landslide Democratic sweep on Tuesday promises to change labor laws. [Market Watch]
Other states also passed ballot initiatives to ban gay marriage (Arizona and Arkansas Florida). Arkansas passed a measure to prevent gay men and lesbians from adopting.
The ACLU respects democracy, except for when the ACLU thinks that voters get it “wrong.”
The American Civil Liberties Union, Lambda Legal and the National Center for Lesbian Rights, filed the suit Wednesday on behalf of Equality California and six unmarried and possibly deprived same-sex couples. The plaintiffs urge the court to invalidate Proposition 8 on the grounds that the initiative process itself violated California’s Constitution in aiming to prevent the judiciary from its duty to uphold equal protections for a minority: gays and lesbians. Any measure that changes the underlying principles of the Constitution, the plaintiffs charge, must first be approved by the state legislature before reaching a voter’s ballot.
“A major purpose of the constitution is to protect minorities from majorities,” said ACLU of Northern California staff attorney Elizabeth Gill.
Back to the courts! Again. Article III pwns “people.”
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: email@example.com.
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 firstname.lastname@example.org or email@example.com. 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!