Here’s some news of a rather odd move, from the WSJ Law Blog:
Bruce McLean, the head of Akin Gump, sent an e-mail to all the attorneys at the firm informing them of a “substantial reshaping and enhancement of several practices,” and a “change” in the firm’s “geographical footprint.”
That change involves “withdrawing from Taipei and Silicon Valley,” and moving the lawyers in those offices to Alston & Bird, an Atlanta-based firm. “In addition,” McClean writes, “some of our lawyers in Austin will join Greenberg and Traurig in the coming weeks . . . We are very pleased to report that we have secured a license to practice law in Abu Dhabi and are in the process of opening an office there to serve our clients in the Middle East.”
Nope, we’re not done covering yesterday’sbloodbath over at Cadwalader, Wickersham & Taft. If the powers-that-be at CWT think they can lay off almost 100 lawyers and have everyone forget about in a day, they’re sorely mistaken. We intend to stick with this story for quite some time (in part because you can’t get enough of it, judging from our traffic logs, the robust commenting, and the continuing inflow of tips).
As many commenters have noted, memories are long when it comes to lawyer layoffs. Prospective recruits will hold this against Cadwalader five years from now — assuming CWT is still around then — just as people still remember which firms laid off lawyers in the last downturn, in the early 2000s.
We have some additional info to pass along, based on reports from summer and incoming associates. Yesterday afternoon, Cadwalader held a meeting for its summers, led by chairman Chris White and hiring committee chair Paul Mourning (yup, “Mourning”). Former chairman Bob Link attended, but had a non-speaking role.
White told the summer class essentially what he told the WSJ Law Blog (down to quoting the same numbers, and stressing that the layoffs were mostly in real estate finance and asset securitization). Mourning focused on issues particular to the summer class:
He didn’t say what people wanted to hear (that everyone could still expect an offer). Instead, he said something like “the firm will continue to use the same evaluation criteria that it has used in the past” and that some people will get offers without knowing what exact practice group they will be in. The latter is likely a reference to people who chose corporate or capital markets as their top choice but will likely have to do litigation until the market picks up.
This is in contrast to Chris White explicitly saying in his opening day speech to the summers (after addressing the previous 35-lawyer layoff) that the firm expected to extend offers to all summer associates.
Paul also mentioned that the firm doesn’t expect to rescind any offers to the incoming first-year class. Some summers found it unnerving that he even mentioned that.
Speaking of incoming first-years at CWT, one of them forwarded us the email the firm sent to the group — check it out, after the jump — along with this commentary:
Just wanted to send along the email I got yesterday. First thing I read when I got home from the NYS Bar Exam! I have to believe that they powers that be at CWT were completely clueless that yesterday was the NY Bar. Why not wait another week? What a drop-kick to the gut.
This individual asked for advice:
Should I start spamming the resume now, or wait until September when I start at CWT? (There’s the old adage that it’s easiest to find a job when you’ve already got one).
Should I contact Career Services, or is that window closed to me, now that I’m an alum?
Uncharted territory, for sure. I’d love to here from the peanut gallery.
So, commenters, whaddya think?
Our advice: start your job search as soon as reasonably practicable — maybe after your bar trip, if you’re taking one — and continue it after you arrive at Cadwalader. Feel free to call upon Career Services; they’re usually eager to help alums (although we understand that some law schools, at the height of fall recruiting, limit the services they provide to alumni).
Don’t let yourself be buffeted by the winds of fate; take charge of your career and your life. Don’t be a Pollyanna, thinking that things will probably get better. They probably won’t — at least not anytime soon.
Of the people who stuck around at CWT after the January layoffs, thinking they would just “ride it out,” 96 of them are now headed for the unemployment line. They could perhaps be excused for buying the firm’s reassurances back then, before the past few months of terrible economic news, especially with respect to the real estate and credit markets.
But you have no such excuse; the writing is on the proverbial wall. Remember the saying that George W. Bush famously mangled: “Fool me once, shame on you; fool me twice, shame on me.” Do yourself a favor — as well as a favor to the firm, and to those who remain there — and get the hell out, if you can. Voluntary departures will reduce the number of people to be laid off in round three.
Two memos — the email message that CWT sent to its incoming associates, and the email message the firm sent to the career services offices of certain law schools — are posted after the jump.
[Ed. note: This post is by EXLEY, one of the finalists in ATL Idol, the "reality blogging" competition that will determine ATL's next editor. It is marked with Exley's avatar (at right).]
As anyone remotely familiar with the law knows, the devil is in the details. Similarly, it’s the little things that can sometimes make or break a long day at the office. A mouse with a trackball that refuses to roll in a particular direction, for example, or harsh bathroom lighting that gives everyone’s reflection a sickly, ghoulish, glow can really mess a girl up. And a half-nod of recognition from a usually impassive lobby security guard can make a dude feel like the office is his second crib.
The dog days of summer present their own set of potential pet peeves. The major complaint we’ve heard from female associates is that offices are too damn cold in the summer. Of course, offices are probably the same temperature year-round, but the coolness is more tolerable in the non-summer seasons when people wear warmer clothes. When it is as high as 90 degrees outside, however, it is impossible to commute to work in wool slacks and a sweater set without suffering heat stroke and/or being fingered as a crazy person (especially if wearing a pair of ostentatious cross trainers). Physical and mental health issues aside, it just feels good to be able to change it up sartorially once in a while.
Unfortunately, those who indulge in summer apparel sometimes need to store additional layers of clothing at work or snuggle under company-issued fleece at their desks. And forget about drinking an ice coffee or Jamba Juice inside! You’ll need a parka and a hunting cap to be able to do that.
Is your law firm unbearably cold or hot this summer, and have you been able to do anything about it? We’ve heard suspicions that the thermostats in individual offices at Skadden’s New York office don’t really do anything at all, and that the office is kept cold “for the computers.” Sounds ominous.
Any theories on why offices spend so much money blasting the AC in the summer and possibly lowering employee morale? (Perhaps it’s a way to awaken associates from the depths of summer associate food coma, or to indirectly discourage skimpy clothing.)
Summer attire can also chafe against firm dress code policies. Despite the perennial push for “city shorts” by what seems like every single women’s apparel retailer, are there any firms out there that actually allow employees to wear shorts to work?
Of course, even the uncontroversial short-sleeve dress shirt can raise issues if it reveals a tattoo, or three. A partner with such a predicament writes:
I’m a 50 year old lawyer in NY, a partner in a law firm. I have tattoos on my arms with images and the names of my two children and my wife.
Check out what happens when he rolls up his sleeves, and share your own summertime firm life experiences, after the jump.
[Ed. note: This post is by SOPHIST, one of the finalists in ATL Idol, the "reality blogging" competition that will determine ATL's next editor. It is marked with Sophist's avatar (at right).] This is why people hate lawyers. This is why lawyers hate lawyers. Scrabulous was too much fun for lawyers to leave it alone.
Hasbro has a legitimate issue, because Scrabulous is clearly ripping them off. Facebook had no choice but to remove Scrabulous once Hasbro smacked them around with a DMCA notification. But there are other legal issues that Hasbro would like you to ignore. There are split IP rights for the Scrabble franchise; Hasbro owns the North American rights (licensed to Electronic Arts for online play), Mattel owns the rights elsewhere.
Scrabulous’ real sin is that it allows you to log on in New York and play someone living in York. Hasbro’s and EA’s exclusively North American products can’t compete, and that puts panties in a bunch.
Aside from Facebook-stalking counsel from Hasbro and Mattel, what is the solution? Hasbro’s open contempt for the consumer does nothing to change the fact that they have a solid case. They’ve even offered to pay Scrabulous’ creators Rajat and Jayant Agarwalla handily just to go away. But as Real Networks CEO Robert Glaser points out, the real problem is that Hasbro and Mattel must merge their rights.
They’d better get on that soon or I’m going to have to go back to anime porn to pass the time. (Photo credit: Flickr.)
Thanks to the Inspector General’s report shedding full light on the DOJ’s politicized hiring, Monica Goodling and company have become “stars” outside of the legal insider world. Welcome to Comedy Central, Monica Goodling! Jon Stewart sets his sights on the hiring scandal and ATL’s favorite DOJ diva in this “news report:”
[Ed. note: This post is by FROLIC & DETOUR, one of the finalists in ATL Idol, the "reality blogging" competition that will determine ATL's next editor. It is marked with Frolic & Detour's avatar (at right).]
Sadly, some of the juiciest summer scandals in Biglaw history occurred prior to the advent of Above the Law. Though some of us at ATL may be loathe to admit it, many of them occurred when this year’s 2Ls were still in high school. So far, this year’s pink-cheeked and diligent class is failing in its duty to generate entertainment for the rest of us. So let’s all step into the Wayback Machine and visit the glory days of summer scandal. Picture it: summer, 2000. First-year salaries recently hit $125,000…the dot com boom is a boom, not a bubble…offers will follow summers as day follows night. And a Boston tech firm called Testa Hurwitz had not yet gone to the Great Courtroom in the Sky.
The marquee event of Testa’s lavish summer program is a Duck Boat tour of Boston and the Charles River. Summers, associates, and partners alike enjoy some fine beverages and then set out for some amphibious sightseeing.
Under the influence of free champagne, a Harvard summer (naturally) decides that it would be hilarious to drop trou and moon his friend in the neighboring boat. Once his pants are down, however, he experiences some confusion about where he is, just as Nature begins to sing her siren song. Is that a life preserver in front of him, or a urinal? In front of the entire firm, the summer leans against the railing and takes a piss in the Charles.
It wasn’t easy to do in those days, but… no offer.
[Ed. note: This post is by ALEX, one of the finalists in ATL Idol, the "reality blogging" competition that will determine ATL's next editor. It is marked with Alex's avatar (at right).]
Every single one of your non-lawyer friends and family members think that you know “the law” because you’re lawyers. You don’t. You work in biglaw. Don’t worry, ATL will give you some small-building law to use when the inevitable email arrives or you need some lawyerly advice yourself.
Today’s topic: landlord-tenant law.
August is almost upon us. Lots of people are moving. Summers, law-school grads, Cadwalader attorneys. Maybe there’s still time to knock some dollars off of your last rent check. I spoke to an attorney who handles landlord-tenant issues in New York. He works in a really small building and likes to golf on Thursday afternoons.
Nutshell after the jump.
[Ed. note: This post is by MARIN, one of the finalists in ATL Idol, the "reality blogging" competition that will determine ATL's next editor. It is marked with Marin's avatar (at right).]
Ever wonder what happened to Kory McFarren, the (literally) crappy boyfriend who stood by for a month while his girlfriend, Pam Babcock, grew overly attached to a toilet seat? The AP reported yesterday that McFarren was sentenced to six months probation after pleading no contest to a misdemeanor count of mistreatment of a dependent adult.
But don’t break out the party hats just yet.
Also Tuesday, McFarren was sentenced to six months in jail for an unrelated charge of lewd and lascivious behavior for exposing himself to a teenage neighbor in March.
Apparently while Babcock convalesced in the hospital, McFarren sought solace by staring out his window. And masturbating.
“This has been going on for a long period of time,” the neighbor said.“While we were using our pool or hot tub, he would stand in his window and watch and play with himself. It has become much worse lately.”
The resourceful neighbors tried to block McFarren’s view by piling logs in front of the pool. But “[a]s winter wore on, the wood pile shrank,” presumably leading to the expansion of McFarren’s own wood pile.
In a cruel twist of fate, he has ended up exactly where Babcock did — in the can.
Willie Gary is a high-profile Florida attorney who is fighting a sexual battery civil suit. Check out his inventive defense strategy, described by Legal Blog Watch:
Prominent Florida attorney Willie Gary has released two sex tapes that he says help disprove claims made in a sexual battery suit against him…
This week, in a bid to get the case thrown out, Gary’s lawyers filed two videos with the court allegedly showing her having consensual sex with Gary’s son Kenneth. The lawyers say the videos were made eight days after the alleged sexual assault and help disprove the woman’s claims against Gary. “She claims she was assaulted by the father yet, a week later, she’s making an amateur sex video with the son,” said West Palm Beach lawyer Michael Pike.
As noted by both Legal Blog Watch and the WSJ Law Blog, Gary’s website bio brags about his rise from migrant worker to multimillionaire attorney, with three “posh waterfront offices” and a custom designed Boeing 737, named “Wings of Justice II.”
Despite all the bling, the welcome video on www.williegary.com is distinctly low-budget. Don’t waste your time watching it — it’s a plea to clients to sign up for his law firm’s newsletter. So that he can invite them to parties, and because he wants them “to hear about what’s going on with the Gary family.” Hmmm…. Would that include the news of Papa Gary and Baby Gary’s apparent penchant for swapping sex partners? The Willie Gary Sex Tapes [Legal Blog Watch / Law.com]
Every now and then, we entertain requests for advice from our readers (even though, as we reminded you yesterday, we’re not career counselors — so take what we say with several grains of salt). Here’s what we found in the mail bag today;
I’m a summer associate at a BigLaw firm in DC. Our exit interview questionnaire asks us whether we’re 1) applying for a clerkship or 2) for personal reasons, seeking employment in another geographic region.
Saying you’re applying for a clerkship is one thing, but given the economy, and the risk of not getting an offer in that other geographic region, should I really tell my firm that I might be looking elsewhere? Am I risking anything by being fully honest?
Our gut reaction is that the SA should not tell the firm that he or she might be looking elsewhere. Not only is there a risk of not getting an offer in the other geographic region, but the firm where this person summered might decide to no-offer — or, more likely, give cold offers to — summers who say they’re exploring other opportunities.
We don’t think this would be dishonest on the part of the SA. We don’t have the exact wording of the question, but we read it as being aimed at people who are definitely going to a different city, “for personal reasons” — e.g., family issues, like an ailing parent; a spouse who has to be somewhere else, for work or school; etc.
And, of course, there’s the Bill Clinton line of argument: What business is this of the firm’s? As long as the SA complies with the NALP rules in terms of responding in timely fashion to any offer of full-time employment from this firm, why is the SA obligated to tell the firm every last detail of his or her job-search thinking?
Okay, Randy Cohen might be horrified by our “advice.” But in the world of Biglaw today, loyalty is dead. These days law firms are always looking out for number one, namely, themselves and their profits per partner. E.g., Cadwalader (laying off some 130+ lawyers in 2008 to date).
So shouldn’t law students and young lawyers take the same approach? If you’re not looking out for yourself and your own career, in the most clear-eyed and even calculating way, who will?
Sorry, enough ranting; back to the summer associate’s question. How do you think this person should respond to the exit questionnaire? Feel free to opine, in the comments.
[Disclosure: This post is authored not by the Asia Corporate Lawyers, but by Evan Jowers and Robert Kinney of Kinney Recruiting -- sponsor of the Asia Chronicles, and an ATL advertiser. Kinney has made more placements of U.S. associates and partners in Asia than any other firm in the past two years. You can reach them by email at asia at kinneyrecruiting dot com.]
On Monday we discussed some positive trends in M&A in Asia, notwithstanding the turmoil in credit markets and overall economic downturn globally. Today, we discuss very briefly some of the lateral hiring trends we have been seeing in Asia recently and in ’08 in general.
We have not seen an overall reduction in hiring of U.S. associates in Asia, but firms have been much more selective than in ’07. This is for a variety of reasons. Some notable U.S. and British firms in Asia are hiring at a significantly slower clip than in ’07, but this unfortunate trend is being balanced out by other peer firms hiring significantly more than in ’07. There are a number of firms in heavy expansion mode, with several top U.S. firms in Hong Kong / China, for example, that will easily double the size of their offices in ’08. Some U.S. firms in Asia have very aggressive medium-term (5-6 year) expansion plans to have 100+ attorney offices. Interestingly, and perhaps surprisingly to readers, some of the most urgent needs still happen to be for mid-level to senior U.S. securities associates, despite the slower pace of capital-markets deal flow coming in.
It is important to note that in ’08, there are as much as three to four times as many U.S. associate candidates on the market for Asia positions, compared to ’07. Firms can afford to be a lot more selective and also can take their time with hiring decisions, much more than was the case in the frenzied hiring environment in Asia in ’07. While we are seeing the same pace of hiring in the Asia markets in ’08 that we saw in ’07, it has become a more difficult market to break into for some U.S. associates than was the case in ’07.
Read more, after the jump.
To: Attorneys All
From: Marc Edelman
Re: A Hearty Farewell
Dear Friends: Today marks the end of my six-month externship as sports editor at Above the Law. On Monday, August 18, I will begin the next stage of my career as a visiting assistant professor at Rutgers School of Law in Camden, NJ. I will also continue my current affiliation with the Institute for Information Law and Policy at New York Law School.
During my brief stint as your sports law blogger, I enjoyed the opportunity to interact with many readers. To those of you that have reached out, thanks. It has been a pleasure to exchange ideas and share advice on breaking into the sports industry.
To David Lat, thanks as well for taking a leap of faith and inviting me, as an academic, to guest blog on your self-described “tabloid.” I know not all of our experiments worked perfectly (see, e.g., Monday Morning Quarterback); however, more often than not, the readership survived their traditional and sensationalist worlds colliding.
For those wishing to stay in touch, the best way to reach me is via email at either MarcEdel at camden dot rutgers dot edu or Marc at MarcEdelman dot com.
All the best,
P.S. For one final time … take it away, Statler and Waldorf.
* * * * * Marc Edelman is an attorney, business consultant, published author and professor, whose focus is on the fields of sports business and law. You can read his full bio by clicking here.
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.
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.
We at Kinney Asia have made a number of FCPA / White Collar US associate placements in Hong Kong / China thus far in 2014. Most of such placements have been commercial litigation associates from major US markets, fluent in Mandarin, switching to FCPA / White Collar litigation. Some have already had FCPA experience, but those are difficult candidates for firms to find (this will change in coming years as US firms are now promoting FCPA / White Collar to their 2L summers who are fluent in Mandarin and have an interest in transferring to China at some point).
Legal Week quoted Kinney’s Head of Asia, Evan Jowers, extensively in the following relevant article here.
There is a new trend in the market, though, where mid-level transactional US associates, fluent in spoken Mandarin and written Chinese, are interviewing for and in some cases landing junior FCPA / White Collar spots in Hong Kong / China at very top tier US firms.
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.