We were all told that we did really well and that “but for the economy,” we all would have received offers. When the no-offer phone calls came, we were told we had great reviews but that EAPD just couldn’t take us all on.
That sounds suspiciously honest. Everybody did fine and we’d like to hire all of you, but “hey kid, in case you haven’t noticed, the economy reeks like an upside-down port-o-potty — so what can we do?”
The “it’s not you, it’s me” line doesn’t even work in the movies, but in this case it seems strangely appropriate.
The EAPD no offer numbers, plus the firm’s official statement, after the jump.
[Ed. note: Sorry for the delay. We were experiencing some technical difficulties but now everything is under control. Wait, ... what? Even Nedry knew enough to not mess with the raptor fences. Dr. Arnold? Ahhhhhhh.]
* The investment bank Lehman Brothers fights to survive. [Washington Post]
* SCOTUS Justice Clarence Thomas says the Constitution is colorblind. [Breitbart]
* Yesterday, we told 1Ls not to bop their classmates. Here’s a lesson to judges and prosecutors: do not secretly get it on, and do not do it during an ongoing murder trial. [New York Times]
* “Cold Case: Civil Rights Era” is not going very well. [CNN]
* Gross legal news: Man sues American Airlines for losing his wife’s corpse. [WCBS TV via Drudge]
* For those of you who miss the flip phone, expect to see a clamshell Blackberry in stores soon. [Wall Street Journal (subscription)]
Too many tipsters to count have alerted us that Thelen appears to have canceled their 2009 summer associate program. People who had scheduled call backs with Thelen were informed this afternoon. As we understand it, this is a firm-wide decision affecting every office. We also believe Thelen has canceled all remaining OCI interviews.
A few tipsters reported that the stated reasons from Thelen were communicated over the phone. They told aspiring summers that their budget overview and ongoing merger talks prevented an accurate assessment of their future hiring needs.
The firm could not be reached for comment. We will update you as soon as the firm updates us.
If true, this information doesn’t really come as a surprise. Thelen has been rumored to be on the merger market for quite some time. The most recent suitor was Nixon Peabody, but there have been rumors of others.
At this point, canceling the entire summer program in preparation for a big-time merger is the best possible reason, right? We’ll keep you posted. Earlier: Law Firm Merger Mania: Nixon Peabody + Thelen = Nixlen Thelpea? Law Firm Merger Mania: Thelen Sending Out Feelers?
* Some sage interviewing advice for women that doesn’t involve cleavage, but sadly does involve proper ring placement. [Lexis Hub / BBPL]
* Can fighting anti-trust lawyers be sexy? Or are they just the Klingons at a Star Trek Convention? [Antitrust Review]
* Nicolas Cage settled his tax troubles for $666K. But he owes the American public a lot more than that for: Matchstick Men, The Weather Man, The Wicker Man, (sensing a theme), both National Treasures, Ghost Rider, Next, Bangkok Dangerous, and whatever the hell he is thinking of right now. [Tax Prof Blog]
* Illinois passed a good samaritan law for animals. So that settles it, Atticus Finch would totally be going to jail if he pulled that rabid target practice crap today. [Animal Law Blog]
Our continuing coverage of no offers suggests that a 90% offer rate is actually outstanding. Today we have news from two more firms that fell short of 90% but still made offers to the majority of their 2008 summer associates.
Our tipsters were right on the money with the information that Blank Rome no offered 4 summer associates out of a class size in the mid-20s. According to Blank Rome spokesperson Topper Ray:
Our 2008 summer associate class was comprised of 28 summer associates -24 2L’s and 4 1L’s. 20 out of 24 2L’s received offers.
Ray also confirmed that the 4 1Ls received invitations to summer with the firm next year.
In this market an 83% offer rate isn’t terrible, even though Blank Rome was able to extend offers to all of their 2007 summer associates. The news was a little worse at another Philadelphia powerhouse, Pepper Hamilton. According to Pepper Hamilton spokesperson Polly Coxe:
In 2008, Pepper Hamilton extended offers to 20 of 27 summer associates in Philadelphia (two students withdrew from consideration before we made offer decisions). Firm-wide, we made offers to 30 of 38 summer associates. This is approximately the same number of offers we extended the past two years.
More from the streets of Philadelphia after the jump.
Last week, we welcomed a new group of 1Ls to the law school fold. As part of the initiation, we asked for tips from readers on how to best tackle the first year of law school. Readers provided lots and lots of good advice. And bad advice. And healthy debate about which outlines to use. And many exhortations to “quit now,” before major student loan debt is incurred.
For those 1Ls who have dismissed the naysayers, we’d advise reading through the comments, and ignoring all the “run for your life” stuff. In case you’re already immersed in fact patterns and footnotes, here’s a quick round-up of the advice proffered. The #1 Piece of Advice: “Grades. Grades. Grades. Grades. If you want Biglaw, clerkships, or top-shelf government work, GRADES.” and “Get good grades, especially If you don’t go to a top school. Grades in law school matter, big time.” Recommended reading:
Con Law – Chemerinsky
Contracts – Chirelstein
CivPro – Glannon
Legal Writing – Volokh School tips:
-”Don’t join a study group. They are time wasters.”
-”Take practice exams. Talk to your professors about them. Take more. Practice exams. Practice exams.”
-”If you don’t make Law Review, do another journal or moot court as a 2L and be sure to have some ‘other activity’ you enjoy outside of class as a go to answer during OCIs.”
-”Participate in the writing competition for the journals.”
-Take notes by hand, or, if you’re laptop-dependent, disconnect from the Internet while in class. Lifestyle tips:
-”Never pay for your own lunch. There is always free pizza to be had at lunch time if you look hard enough.”
-”The law is a human endeavor, directed at regulating human conflict and most other human endeavors, so try being a human being and not an a**hole.”
-”Don’t use student loan money to make investments in the securities markets with the thinking that you can get a better rate of return than the interest on the loan that you will one day repay.”
-”Don’t have sex with classmates until your second year.”
Everybody wants to be a part of a protected class. Trust me, it’s great fun (right up until the moment I try to get a cab home in the rain tonight). But unless you are a racial minority, a woman, or have suffered some sort of horrible disability, the joys of having to go through years of costly litigation to secure a job you never should have been fired from in the first place are unknown to you.
Unless you live in California. The state legislature passed a bill that would require employers to hire medical marijuana users.
Now this is a protected class that all races can get behind. It has been well established that white people like marijuana. According to leading experts:
Under NO CIRCUMSTANCES should [you] ever imply that people just smoke weed to get high, they do it for medical/spiritual/social reasons, etc, or that there are any negative consequences. This will likely alienate you from white people.
I’m somewhat surprised that all Californians are not united in song over this gross extension of governmental authority. Alas, Hans Bader at OpenMarkets.org writes:
The idea that the government should just stay out of the matter and leave both private employers and medical marijuana users alone is apparently beyond the comprehension of most California legislators, who think that everything permitted must be made mandatory.
As we previously reported, the fate of Tyler Cooper & Alcorn, one of Connecticut’s most venerable law firms, was up in the air for a while. There were rumors of dissolution, but managing partner William Fish told ATL that the firm was merely in merger talks.
It seems that those talks have borne fruit. Over the past week, we started receiving many emails from Connecticut tipsters about Tyler Cooper. (We had no idea we had such a fan base in Connecticut.)
Here’s one of them:
Tyler Cooper’s collapse (reported last month here) is now official. A number of partners and associates are leaving Tyler Cooper to join LeClairRyan, a growing national law firm. The change will come later this month. The partners just started notifying friends and clients….
They will take over the space of Tyler Cooper in New Haven. No word on whether Tyler Cooper will even still exist, but the fact that LeClair Ryan will have the same mailing address as the former Tyler Cooper can’t be a good sign.
We reached out to both firms yesterday. Tyler Cooper did not get back to us. LeClair Ryan partner David I. Greenberg responded: “It is our Firm’s policy not to confirm or deny rumors related to lateral hires.”
But another firm that’s scooping up Tyler Cooper attorneys was willing to comment. Read more after the jump.
We’ve done a few posts on screw-ups and rudeness on the part of lawyers conducting on-campus interviews (see here and here). But what about the interviewees? They’re not perfect either — even if some of them think they are.
What are some ways that law students have torpedoed their chances of getting callbacks or summer associate offers? In this grim job market, there’s little room for error (especially if you are a 3L).
Let’s collect some examples of what NOT to do in an interview situation, so ATL readers can learn from the mistakes of others. Here’s a tale from a top ten school:
A 2L knocks on the door of an interview room when it’s his turn. Instead of waiting, he walks right in.
The interviewer and the student being interviewed both look up, shocked. The student says to them, “MY turn,” and just stands there.
The interviewer, after getting past the initial shock, asks to have a couple of minutes to finish up the first interview. The student looks at his watch, pauses, and says, “Well… I suppose….”
That’s pretty bad. Can you top it? Feel free to share (true) stories of fall recruiting bloopers and screw-ups, in the comments. Update: Check out some of our favorite tales, and vote for the one you like best, over here.
Last week, we reported that Foley & Lardner no offered 43% of their 2008 summer class from their Chicago office.
The firm has still not contacted us directly, but multiple tipsters passed along a clarification email sent to all Foley associates late last night.
Straight from the horse’s mouth (CEO Ralf Boer):
Many of you may have heard about blog comments critical of Foley’s hiring decisions from this year’s summer program which just concluded. Some of those comments indicate that we have extended offers to fewer than 50% of this summer’s 2L participants. The purpose of this e-mail is to set the record straight so that all of you have the facts, rather than the rumors which started as we made our first offers and before we completed our offer process.We literally have only completed our offer process at the office level today, and additional offers may yet be made.
As we pointed out in our initial story, some tipsters mentioned that Foley could still have been reviewing summer candidates as of last week. We couldn’t confirm those reports with the firm, but they appear to have been correct.
So what are the final numbers shaping up like?
If we look at the number of offers made to date, the offer percentage is 84% (89 offers to the 106 2Ls in the summer program). That number may go up as we complete our offer process. Thus, the percentages reported in the blogs were calculated as we were in the middle of our offer process and, accordingly, were inaccurate. Some of the blog reports related to our Chicago offer rate. We have, in fact, to date made 17 offers to a 2L class of 21, for an offer rate of 81% in Chicago, not the 50% reported on the blogs. Again, that percentage may also go up.
84% overall, 81% out of Chicago. That is a bit lower than the 90% many firms are reporting, but far better than the bloodbath it looked like last week.
More on Foley after the jump.
Steve Jobs did not invent the iPod. Neither did Bibble.
No, the inventor of the iPod is Kane Kramer, a British guy who stored three and a half minutes of music on a microchip in 1979.
In fairness to Apple, they did not “steal” Kramer’s idea. According to the Daily Mail, Kramer set up a company to develop the iPod idea:
But in 1988, after a boardroom split, he was unable to raise the £60,000 needed to renew patents across 120 countries and the technology became public property.
Patent law: how good ideas are redistributed from kooky inventors to effective businessmen.
And with that Kramer might well have been discard into the Farnsworth bin of history.
But thanks to a dispute between Apple and Burst.com, Apple needed Kramer. Apple flew Kramer to California to give crucial testimony about the prior art behind the iPod. The dispute between Apple and Burst.com was settled out of court, but Apple is stuck with the price of admitting that the iPod was invented across the pond.
Why Biglaw associates should support Apple giving money to Kane Kramer, after the jump.
* The DOJ is prepping for its antitrust showdown with Google. It has hired Hogan and Hartson partner (and former legal Mouseketeer) Sandy Litvack for the case. [Information Week]
* Berkeley tree-sitters refuse to comply with court ruling and come down for the sake of a new athletic center. Even after getting immunity for throwing their poo-poo at the po-po. [New York Times]
*The media continue to vet Sarah Palin. She let Alaska taxpayers foot bills for family travel and meals at home. For once, Joe Biden may be happy to be ignored. [Washington Post]
* In her time of woe, Nevada judge Elizabeth Halverson has a friend speak out on her behalf. We want to stop following this story, but we just can’t seem to look away. [Action News]
* J.K. Rowling’s biggest fan has suffered a legal defeat. The man who spent seven years on a Harry Potter lexicon will not be able to publish it, says judge. [New York Times]
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!