* Marc Edleman, late of ATL, begs the Court to clarify the fair use of player statistics in fantasy sports. Obviously that LaDainian Tomlinson pick is not going as he had hoped. [Overlawyered]
* U.S. News has sent around its surveys as they start compiling next year’s rankings. [PrawfsBlawg]
* Yes. The markets are at the point where we should start hoarding water and ammunition. Just don’t forget the medical supplies. Snake Plissken always seems to forget the medical supplies. [Dealbreaker]
[Ed. note: Once again, we apologize for our technical difficulties.]
As everybody is starting to realize, fall recruiting is not going as well as it has in the past. In Part I of our recruiting roundup, we told you which markets are making it tough on summer associate applicants. Today, we’ll talk about law schools.
If you had to pick one clear loser during this year’s recruitment process, it would have to be Harvard Law School:
Basically, life is not particularly good for Harvard 2Ls these days: 1) OCI Call Backs have all been doled out to other (earlier) schools’ students; and 2) the H-P-LP-F system leaves current Harvard 2L’s at a disadvantage (in terms of misery) to their younger classmates.
Difficulty + Harvard = Open mockery from everyone else:
Dear Harvard students,
We had earlier OCI programs and took your jobs. Sorry.
State school students with multiple v5 and v10 callbacks
Interviews didn’t start at HLS until September 18th, and it’s pretty clear that the late start has hurt applicants. Remember how differently the economy looked just one month ago. On September 12th (before Lehman was thrown down with the sodomites), the Dow closed at 11,421. By September 17th, the Dow was down to 10,609. And right now you need an electron microscope to read the DJIA (9,220 as of 12:30 EDT).
Update: DJIA closed at 8,579 today.
Tomorrow is the last day for HLS OCI. It’s a bad time to have bad timing.
HLS’s response and stories from other schools, after the jump.
Where do lawyers turned reality TV contestants go? After their television careers, they take different paths.
Some return to their law firms. E.g., Charlie Herschel (Survivor / Weil Gotshal); Denise Gitsham (The Bachelor / K&L Gates); and Stacy Rotner (The Apprentice / Sidley). Some stay in the world of entertainment. E.g., David Otunga (engaged to Oscar-winning songstress Jennifer Hudson); Yul Kwon (Survivor winner, who then worked for CNN as a special correspondent).
And some have ups and downs. Remember Jeremy Anderson, the hottie from Hunton & Williams who competed for DeAnna Pappas’s hand on the latest season of The Bachelorette? Shortly after the show ended, his life wasn’t so glamorous. From a Texas tipster:
Jeremy, the runner-up from the Bachelorette, is working as a contract attorney upstairs at my firm [McKool Smith in Dallas]. Looks like Hunton Williams didn’t invite him back to the firm after the show ended. I heard about it because a bunch of the secretaries were going to the doc review floor to go check him out. I personally wasn’t about to make my way up there to stare at the guy.
Other indignities inflicted upon poor Jeremy (from a different reader, in mid-September):
I was at lunch today at Jason’s Deli in downtown Dallas with all of the other downtown workers. Well, all of a sudden, a familiar face walked in for a take-out order: Jeremy from the Bachelorette. My, how the mighty have fallen. From national TV to getting his own lunch.
And that wasn’t the end of it. Get this: Jeremy Anderson has been doing catalog modeling for JCPenney. And not just regular JC Penney, but the JC Penney outlet store.
(No joke — we have photographic proof. The photos show that Jeremy, whose magnificent shirtless torso was featured prominently on The Bachelorette, has gained weight since leaving the show.)
But our hero’s tale has a happy ending. Read more, and check out the pictures — including the J.C. Penney catalog images — after the jump.
Bloomberg News is reporting that the train wreck formerly known as Lehman Brothers filed an application to pay Weil Gotshal attorneys a whole boatload of cash:
The investment bank asked for court approval to pay $650 to $950 an hour for partners and counsel, $355 to $595 for associates and $155 to $295 for paraprofessionals.
A year ago, the WSJ Law Blog did a report on the Thousand-Dollar Bar. There were only six lawyers on that list. So while $950 an hour isn’t astronomical, it’s clear that Lehman is getting the most expensive bankruptcy money can buy.
At the upper end, $595 per associate hour is pretty good money as well.
Whenever we mention that Weil could be a bonus leader this season a smart commenter always disagrees:
Weil will never be a bonus leader because there is concern at the firm that it would seem unsightly by the firm’s bankruptcy clients to lead the market with bonuses
Good point. Still, there is a lot of money floating around Weil these days. Are you sure that they won’t trickle cash rewards down on associates?
When Heller Ehrman dissolved in late September, associates and employees were informed via a firm-wide email.
Since then, Heller management has had email communication with employees, but (to our knowledge) they have not revealed their official dissolution plan.
We got our hands on the 43-page operating document. In addition to a detailed discussion of the firm’s balance sheet, the plan lists the firm’s priorities during the dissolution. One priority is to preserve and protect the firm’s assets “for the benefit of, first, the creditors, … and thereafter the Shareholders of the firm and the former Shareholders of the firm.”
The full dissolution plan can be downloaded below. Check it out and see what interesting nuggets you find.
We’ve discussed the terrible market for 3Ls, but one D.C.-area law student is taking matters into her own hands. From the source of all that is wonderful, the Craigslist personals:
Are you a lonely lawyer? – 24
Maybe we can do something about that. I’m an ambitious 3L at a good school, and I’d really like to land a job at a terrific firm. Unfortunately, my grades and the job market aren’t the best. Ideally, I would like to meet a cute hiring partner for “networking.” I’m sexy, petite, and very fun to be with. If you’re interested, please tell me a bit about yourself. I’d be happy to exchange pics.
Why are you looking to score a lawyer-man on craigslist? ATL would be happy to post your pictures. And we know that hiring partners and recruiting coordinators read the site regularly.
Still, we admire your willingness to do “what it takes” to secure a job in this difficult market. Sexy, petite, networking is actually great training for your eventual life as a Biglaw associate.
Out of work 3Ls take note: there is always more than one way to get a job.
Many people have interviewing horror stories. But few people actually bother to send a letter to the offending firm.
One Georgetown University Law Center student did just that. After her interview with Harris Beach, the student sent a letter to James Spitz, CEO of Harris Beach:
I was looking forward to the interview until Mr. Frederick Fern and Ms. Judi Abbott Curry entered the conference room. This was the worst and most unprofessional interview that I have ever been on. Not only did Mr. Fern insult me by repeatedly stating that “the only reason” I had received the interview was because my “mom or somebody” had “called in a favor,” he then suggested that I was lazy because I did not have a job yet. “What have you been doing since July?” he kept exclaiming.
I didn’t even know how to respond. When I finally responded, he proceeded to read a document or tap on the table with his pen while I spoke. It was awful.
Harris Beach’s firm motto is “Lawyers you’ll swear by, not at.” It is worth noting that our own personal experiences with Harris Beach attorneys have been positive and professional. But perhaps these particular attorneys could have used a little more tact when dealing with a student trying to navigate these uncertain employment waters.
[Ed. Note: We apologize for the late start to the day. Obviously, we were suffering from some technical difficulties. However the "blackout" conditions gave us an opportunity to reflect on the strength and support of our readers. We appreciate all of the support and encourage you to keep pushing us to stay on top of our game. To the readers, commenters, and even the haters: thank you. And now back to our regularly scheduled programming.]
* Swing states may have violated federal law in their purging of the eligible voter rolls. Advantage: Obama. [New York Times]
* Cases on abortion are no less contentious in Europe. The European Court of Human Rights may take on Ireland’s abortion laws. Or it may not. [Wall Street Journal (subscription)]
* The bigamy-loving Fundamentalist Church of Jesus Christ of Latter-Day Saints — not to be confused with the non-fundamentalist Church of Jesus Christ of Latter-day Saints (i.e., Mormons) — claims the attorneys general of Utah and Arizona are trying to “destroy” it. [Courthouse News Service]
* Judge throws out key prosecution evidence in the corruption trial of Alaska Senator Ted Stevens. [Politico]
If any Heller Ehrman attorneys were hoping that a major firm would sweep in and hire a whole bunch of Hellerites, the Dissolution Committee is warning you not to hold your breath. The Recorder reports:
On Tuesday, Peter Benvenutti, the chairman of the dissolution committee now controlling the firm, confirmed whispers that Baker & McKenzie and Winston & Strawn, both one-time merger candidates, had withdrawn proposals to pick up large groups of lawyers and their expensive real estate. While Benvenutti would not say whether deals on this scale are being discussed with any other firms, he did say there’s interest in taking over certain of the firm’s leases, and “we expect to have clarity in a day or two.”
At this point, why would Baker or Winston Strawn take on expensive lawyers when they can just sit back and cherry pick the superstars they want? We haven’t heard any story of a Heller rainmaker saying “If I come, these 30 people are coming with me.”
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: