Reactions were varied to Amir Efrati’s controversial, widely read, front-page Wall Street Journal story about the job prospects for graduates of non-elite law schools. Some students and alumni of non-top-tier law schools hailed the piece for revealing some dirty secrets about American legal education. But not everyone was so pleased.
From a tipster at Brooklyn Law School:
I thought you would be interested in hearing about a BLS Career Services breakfast held this morning. Apparently the director of Career Services at BLS, Joan King, was asked about her reaction to the WSJ article. (Note: this breakfast is an annual event, and was not held as a reaction to the article).
Ms. King said she was contacted in the research-gathering stage by the WSJ author, who interviewed her about the job market for BLS students. She believes that there were some omissions in the article, and that the writer had an agenda: to prove his hypothesis, without highlighting some additional facts.
Amir Efrati, if you see Joan King in a dark alley, turn the other way — and RUN. If you mess with a girl from Brooklyn, you WILL regret it.
And there’s more. Check it out, after the jump.
Last week, we mentioned in passing the news that the former U.K. Attorney-General, Lord Peter Goldsmith, QC, is joining Debevoise & Plimpton. Lord Goldsmith will head up Debevoise’s European litigation practice.
The Times of London reported the news here, and the WSJ Law Blog posted on the move here. But both write-ups omitted the most notable part of Lord Goldsmith’s resume (as mentioned by a WSJ commenter):
On 17 February 2007, the Mail on Sunday reported that Goldsmith, who is married, had been having an affair with Kim Hollis, Britain’s first Asian QC.
Good stuff. And more dirty details, after the jump.
A reader drew a legally-themed music video to our attention:
It’s from a specialized patent blog, but some of your readers may find it funny — especially because is an actual partner from a large firm singing the song. Is this a new BigLaw marketing trend?
Check out the video via Patently O. As you can see from the lyrics, the song is a comparison of dating to the Patent Act.
Performer Lana Knedlik, a fine-boned, pixieish beauty, looks like she could be an indie film actress or Indigo Girl. She strikes us as considerably younger and more attractive than the average (1) registered patent attorney or (2) partner at a large law firm.
(No offense to patent lawyers or Biglaw partners. We’re just sayin’…) Redefining the Bar Date [Patently O] Bar Date by Lana Knedlik [YouTube] Lana M. Knedlik bio [Stinson Morrison Hecker LLP]
That seems to be the theme of this very interesting article, by Ben Hallman and Aruna Viswanatha, in the current issue of the American Lawyer. It echoes the problems we discussed back in this post, concerning the $70 million malpractice suit filed against Cadwalader, in connection with the firm’s mortgage-backed securities practice.
Here’s an excerpt from the American Lawyer piece:
Even scarier for Debevoise, and for all firms with big private equity practices, was the fact that no new deals were popping up to take the place of those that were stuck. Those fears are shared by lawyers who work on mortgage-backed securities, a market that has completely shut down.
The fears are well justified for both groups, and for any lawyer whose business is linked to the availability of easy credit. In June there were nearly $100 billion worth of private-label mortgage securitization issuances. The next month, they were half that. “There’s always an element of cyclicality,” says Paul, Weiss, Rifkind, Wharton & Garrison structured finance partner Jordan Yarett, “but the implosion of credit is somewhat shocking.”
Indeed. More depressing discussion, after the jump.
Here’s our latest Non-Top-Tier Law School Graduate of the Day, an alumnus of a Tier 3 school. And he didn’t even get an LLM from NYU! Name: Daniel Petrocelli Law School: Southwestern Law School, J.D., 1980 Current Position: Partner, O’Melveny & Myers Why He’s Our Winner: The reader who nominated Petrocelli says it all:
You should consider featuring Daniel Petrocelli on your non-top-tier success series. This is the same Petrocelli who brought in the civil verdict against O.J. Simpson and represented Jeffrey Skilling. Petrocelli is now pulling in gazillions as a partner at O’Melveny & Myers in L.A.
From whence did he come? Southwestern University Law School. But wait, there’s more. It’s not featured on his bio, but he went to night school!!!
So whether to illustrate the heights to which non-top-tier graduates are capable of reaching, or to show how one doesn’t need to have their parents get them into Yale to succeed, you really should feature him.
Indeed — Dan Petrocelli is a worthy winner. But one caveat: he did graduate first in his class, and served as editor-in-chief of the law review. So his job prospects were considerably better than those in the middle or at the bottom of the class. Daniel Petrocelli bio [O'Melveny & Myers] The Inside Story of How O.J. Lost [Time]
* Justice Kennedy is so money and he doesn’t even know it. [NPR via How Appealing]
* Jury indicates finding against Isiah Thomas in harassment suit; still deliberating on punitives. [New York Times]
* Is it possible to have a “fetus-snatching case” that isn’t bizarre? [CNN]
* Man pleads guilty-but-crazy in Vegas Strip sidewalk driving deaths case. [Reno Gazette-Journal]
* Cheat to win…till you die… [CNN]
The Human Rights Campaign has some answers. HRC, which is the largest national gay, lesbian, bisexual and transgender civil rights organization, recently released its annual list of Best Places to Work. And law firms were prominently represented:
[T]he Human Rights Campaign Foundation released a report showing that numerous large U.S. law firms are providing important benefits and protections for their gay, lesbian, bisexual and transgender (GLBT) attorneys and staff. In this year’s report, which is part of the Human Rights Campaign Foundation’s broader Corporate Equality Index, 30 law firms earned the top rating of 100 percent. 80 law firms earned scores of 80 percent or above.
You can see the list of top firms by clicking here (PDF; scroll down to page 48). Alas, no 100 percent rating for Sullivan & Cromwell, of Charney v. S&C fame — despite their generous gifts of Kiehl’s products at LGBT job fairs.
But our friends at Nixon Peabody earned a perfect score. Will they commission a theme song to celebrate? Like “Everyone Loves Gay People at Nixon Peabody”?
CORRECTION: In an earlier version of this post, we linked to (and reprinted info from) this page on the HRC website. But an HRC rep has informed us that the page hasn’t been updated from last year, and still reflects scores from the 2007 report.
* Humor for tax lawyers. [TaxProf Blog]
* Additional thoughts on the Judge Samuel Kent case, from Ilya Somin. [Volokh Conspiracy]
* Best magistrate judgeship ever? [San Jose Mercury News]
* Charlie Savage, whose book party we recently attended, is on the Colbert Report tonight. [Comedy Central]
* Also on television tonight (opposite the Colbert Report): Jan Crawford Greenburg interviews Justice Clarence Thomas, for Nightline. [ABC News]
* Mandatory retirement for law firm partners: pro or con? Depends on what you dislike more: rigid and economically irrational rules, or funny-smelling old people walking the halls. [Adam Smith, Esq.]
* We’re still investigating those Latham layoff rumors. In the meantime, you can follow Wall Street layoffs over at our big sibling site. [DealBreaker]
* Hillary Clinton: She who laughs loudest, laughs worst? [TalkLeft]
* Blawg Review #128 — coming all the way from Trinity College, Ireland’s oldest university. [Lex Ferenda via Blawg Review] Update (5:15 PM): With respect to Latham, a firm spokesperson stated that any layoff rumors are untrue. We’ve checked with a few of our own sources at the firm, and they also expressed no knowledge of any layoffs. If you’ve heard anything to the contrary, please drop us a line.
Some time ago, we received this interesting tip, about WilmerHale (in D.C.):
WH continues to go downhill. Why is it that no one ever seems to write or care about this?
I’m an associate and treated fairly well. But the support staff receives brutal treatment. I heard that one of our HR people who almost died of cancer this spring was told that the firm couldn’t accommodate her disability because it didn’t make “good business sense.” She has been here for 13 years, [with] excellent evaluations, and has been fighting for her life. Now she has to fight for her job when her doctor says she still is disabled. She [was] given six weeks by our Chief Human Resources Officer to come back full-time. After one week she was demoted and given no particular reason why.
It won’t be long before they treat the rest of us the same way. By the way, lawyers and staff alike continue to leave in droves. Does anyone care that a Washington institution has crumbled into hubris and greed?
The firm did not respond to our inquiry into this item. If you have more info, feel free to email us.
A little more about WilmerHale, including some happy news, after the jump.
So you spent a considerable amount of time courting, selling and maybe even doing some friendly stalking of that attractive lateral partner candidate with a sizable book. After he or she ignored your emails and didn’t return your calls, a few weeks go by and you read a press release in the legal media announcing the recent move to a competing firm.
Rats. Another one got away from you. You cringe when you consider how much time was spent in meetings that did not bear fruit. Your heart aches when recall how you were led to believe this was a marriage made in heaven.
You have been rejected.
The sting of rejection is painful, even for fancy law firms. But you need to find a way that you can turn this disappointment into a legitimate learning experience.
No, this isn’t a pre-party before we come back next fall for the real thing. This IS the real thing. Quinn Emanuel is pushing the envelope on recruiting. The party is now. This is when you meet the partners and associates face to face. This is when we begin the dance that could land you an offer for your second summer BEFORE school starts in the fall.
First: You come to the party. Second: If you like us, you send your resume after June 1, 2014. Third: If we like each other, you get an offer.
We’re not waiting for fall. We’re not doing the twenty minute thing. This party is the real thing!
We hope you’ll join us, and look forward to meeting you.
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 (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), 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.
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