The Olympics draw to a close this weekend, and soon we shall all forget how excited we were about weird sporting events like the hammer throw, the trampoline, and synchronized swimming.
Two lawyers made a good showing today in one-of-those-sports-we-barely-knew-existed-but-now-we’re-really-excited-about: the men’s Modern Pentathlon! Lithuanian attorneys Andrejus Zadneprovskis and Edvinas Krungolcas won the silver and bronze medals.
These lawyers are well-rounded guys. The Modern Pentathlon is an all-day event that involves shooting, fencing, swimming, riding, and running. From Reuters:
Modern pentathlon was designed to simulate what a soldier delivering a message under duress would go through. Pierre de Coubertin, the father of the modern Games, created it as a test of strength, technical ability, concentration and endurance….
The idea behind the sport is that a soldier is sent to deliver a message. He faces an enemy with a gun and shoots, then duels against others with a sword, swims across a river, rides an unfamiliar horse and then runs cross-country to his destination.
Back in 2007, Judge Ernest B. Murphy won his libel case case against the Boston Herald. The Herald had reported that Murphy was soft on crime and, well, nobody puts Baby in the corner.
But winning just wasn’t enough for Judge Murphy. After he won he sent two threatening letters to Patrick Purcell, publisher of the Herald, on court stationery. The letters, which included the use of all-caps as pioneered by Chief Justice John Marshall, demanded that the Herald drop its appeal and hand deliver a check for half a million dollars more than the judgment, plus interest.
According to the Boston Globe, “Purcell testified that the letters were intimidating and looked like ransom notes.”
Yesterday, Murphy agreed to resign. Murphy claimed to have post-traumatic stress from his battle with the Herald. The Commission on Judicial Conduct had recommended a $25,000 fine, but they may amend their report in light of Murphy’s resignation.
We’d make a joke about how a judge could incur psychologically destructive stress from participating in a lawsuit, but we’re terrified that Murphy will sue us under the ADA. Judge who sued Herald agrees to leave bench [Boston Globe via WSJ Law Blog] Earlier: Murphy v. Boston Herald: Some Beantown Benchslappery
As some of you have noticed, we tend not to remark negatively on the innate physical attributes of our Legal Eagle contestants. There are several reasons for our reticence, but the most basic one is simply this: LEWW believes that prestige is beautiful. LEWW believes that every bride can look gorgeous on her special day if she has the right law degree. LEWW believes that a JD from HLS is like a great bra; it looks flimsy and has a jaw-dropping price tag, but it will support you and make you look better than you deserve.
Having made much of our reluctance to comment disparagingly about our subjects’ appearance, we’ll promptly depart from our own custom and announce that this is Hotness Disparity Week on LEWW. All of our grooms are decent-looking but undeniably average Joes, and we submit to you that all of them have married up.
See if you agree with us. Here are the couples:
Earlier today, the American Lawyer published a report detailing declining profit margins in the legal industry.
It is nice to see that somebody commissioned an entire report to figure out obvious facts like “the first half of 2008 looks very different from the previous six years” and “[t]he slowdown is hitting the most profitable firms the hardest.” In other breaking news, Britney Spears’s career has hit a bump in the road.
Instead of a simple doom-and-gloom economic report, Am Law columnist (and Biglaw banker) Dan DiPietro offers this proposed solution to all the law firm ills: fire the associates!
“There is a silver lining. A bad year (and the numbers suggest 2008 will be even more trying than 2001, when partner profits were down slightly) will enable firms to take steps that partners would resist in a good year — winnowing out unproductive lawyers and applying greater discipline to expense control.”
Partners, pundits, and others who like to play McKinsey & Co. on the weekends always suggest this form of fat cutting in tough economic times. But it is a disingenuous solution.
Read why, after the jump.
This advertisement, from tiny divorce and bankruptcy firm Davis and Millard, appeared in an Atlanta magazine in June:
We get confusing messages. With the curly font and all the pink, it seems like it should be an ad for lip gloss for teens. But the menacing way the woman grips that rolling pin puts fear in our hearts. The color motif and menace bear a striking similarity to this Serial Mom movie poster.
The text at the top of the ad — “Moving on means never having to talk to your mother-in-law again” — reminds us a bit of this earlier advertisement: “Life’s short. Get a divorce.”
Late last night, a tipster told us of “a big round of administrative staff cuts” at Duane Morris. They were centered on the Philadelphia mothership, but also included other offices. As for the extent of the layoffs, “no good sense of how many, but big enough that the local managing partner fired off an email encouraging folks to come by his office and ask questions.”
This morning brings confirmation of the cuts, from the National Law Journal:
Duane Morris, an international law firm with Philadelphia roots, has cut about 18% of its marketing and business development staff, making staff reductions that echo moves at other firms in recent months.
The firm, which has about 650 attorneys, now has a marketing and business development team of 30 to 35 people, after eliminating seven managers and staff and hiring three more senior executives in the past few months, said Ed Schechter, the firm’s chief marketing officer.
Most of the eliminated jobs were in Philadelphia, where the bulk of the department’s staff is based, but some were in other offices, including Chicago.
True to form, they’re chalking it up to enhancing efficiency, rather than the tanking economy:
At Duane Morris, cost-cutting was a “secondary” consideration, with the firm primarily interested in building up a more experienced and leaner team, Schechter said in an interview.
In connection with on-campus interviewing season, we’re giving you a chance to assess the firms that made this year’s Vault 100 list of most prestigious law firms. The previous open threads listed firms in groups of five, but to up the pace, we’ll list them by ten from here on out. Here’s the next group, with prestige scores in parentheses:
We note Magic Circle firm Linklaters making a big leap from the high 30s in the 2008 list to #26 this year — perhaps because its “notable perks” include group retreats to Europe, a drinks trolley, and an on-site doctor and dentist.
Compare. Contrast. Discuss. Thanks. Earlier:Vault 100 Open Threads – 2009
* It looks like 2008 will be the worst year for law firms since 2001. The American Lawyer says the “silver lining” is that firms can “winnow out unproductive lawyers and apply greater discipline to expense control.” In other words: more layoffs, fewer perks. [American Lawyer]
* Law firms aren’t the only ones suffering. Florida courts will cut 250 positions by October 1. [Daily Business Review]
* Senator Ted Stevens fails to get his corruption trial relocated from Washington, D.C. to Alaska. His need to be in his home state to campaign for reelection did not convince the judge. [Washington Post]
* “Metrolink killer” — who left his gas-doused SUV on the California rails, causing a train crash that killed 11 people — has been sentenced to 11 consecutive life sentences. [Los Angeles Times]
* University of Iowa professor Arthur Miller, accused of trading grades for gropes, has gone missing. [Iowa City Press-Citizen via TaxProf Blog]
* “Dancing baby” lawsuit can go forward. [Associated Press]
“Lolita, light of my life, fire of my law firm. My sin, my soul, my summer intern. Lo-lee-ta: the tip of the tongue taking a trip of three steps down the palate to tap, at three, on the teeth. Lo. Lee. Ta.”
Now that summer associate programs are over, and most summers have offers safely in hand, it’s a good (read: safe) time to dish about SA scandals. If you have a story to share that we haven’t previously covered, please email us.
Here’s one story that is making the rounds. We’ve omitted the firm name because the summer class was not very large. Per our usual rules, please don’t name the summer associate (or the college student) in the comments.
After a firm-sponsored event, a college student interning at the firm went out for drinks with several summer and full-time associates. She was not old enough to be drinking.
The college intern, in a state of inebriation, left the bar hanging all over one of the summer associates (hereinafter “The Cradle Robber”). Later that evening, the Cradle Robber wrote an email to several associates, claiming that “the deal was sealed” with the college intern.
An associate forwarded the email to the hiring partner. The Cradle Robber did not receive an offer.
Read our take on this series of events, after the jump.
Reasons for reading ATL vary from person to person. But we have been told by some people that one of the greatest benefits of following the site is gaining familiarity with law firms and the differences between them.
In that vein, we shall continue on with our series of open threads on the Vault 100. (Sorry, haters! Though we are taking under advisement the idea that we list them in groups of ten from this point forward.)
Here are the next five, with prestige scores in parentheses:
16. Gibson, Dunn & Crutcher LLP (7.056)
17. Wilmer Cutler Pickering Hale and Dorr LLP (7.055)
18. White & Case LLP (7.054)
19. Shearman & Sterling LLP (7.043)
20. Arnold & Porter LLP (6.905)
Of the five, White & Case has the most bizarre list of notable perks: “Gender- and reason-neutral flexible work arrangement program” (what does that mean?), “Cold, anonymous” (yippee?), and “Dinosaur” (the ferocious or the fossilized kind?).
Time to compare and contrast. We invite you to have at it. Earlier:Vault 100 Open Threads- 2009
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.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.