Our colleagues over at DealBreaker have been extensively covering one heck of a lawsuit. It’s our Lawsuit of the Day, but it really ought to be our Lawsuit of the Week — it’s that good.
The defendant is wealthy New York financier Jeffrey Epstein, who already stands accused, in Florida state court, of sex crimes involving underage girls. This latest case is a civil action filed in New York. Here’s a teaser:
[W]e’re knee-deep into the latest sex suit against Jeffrey Epstein, brought by a girl who, at the time, was whatever the opposite of over eighteen is. This one’s from Maximilia Cordero [at right], an aspiring model, who claims that in 2000, Epstein lured her to his Upper East Side apartment on the promise that “he and his wealthy friends would help…with her modeling career.”….
Epstein, in order to quell the girl’s fears as to what people would think of her blowing a man old enough to be her father, swore that he “wouldn’t tell anyone.” Bet he’s wishing he’d gotten her to do the same! Ah, well, hindsight.
Then he came in her mouth and requested that she return with her “14, 15, and 16 year old girlfriends next time.”
More — ’cause you know you want it — after the jump.
What’s the hot new trend in Biglaw? Two-track systems for associates. They’re regarded as a sensible way for law firms to address the twin challenges of (1) higher associate salaries and (2) associate attrition (often due to a frustration with long hours).
Here’s word of the latest law firm to join the party, from NYLawyer.com (reg. req’d):
Chapman and Cutler, a Chicago-based firm with three offices and about 220 attorneys, has joined the parade of firms boosting first-year associate pay to $160,000, but the firm is taking a new path once associates reach their second year.
Second-year associates can opt for one of two compensation tracks at the firm under a new system that took effect last month, said Rick Cosgrove, who is chief executive partner at the firm. They can choose to work fewer hours at a lower pay level or more hours at a higher salary level, he said.
Cosgrove declined to specify the hours required and related pay rates under the new pay program for competitive reasons.
If you have info on the Chapman and Cutler scale that you’d be willing to share, please email us. According to a poster at Greedy Chicago:
The higher track is essentially Biglaw market, so long as you hit 2000 billables/year. The lower track is compressed to about $5k-$10k/year, depending on class year, and you need to hit 1850.
Other firms with two-track systems (click on each firm’s name for a memo and/or details): Hogan & Hartson, Wiley Rein, Fenwick & West, and Thelen (formerly Thelen Reid, and FYI, “Thelen” rhymes with “wheelin’”; see here).
Do you have an opinion about this two-tiered approach? If so, vote in our reader polls, after the jump.
“Because Lateral Link does no cold-calling and is more efficient than traditional recruiting firms, successful candidates receive $10,000 upon placement.”
Position: M&A Associate (Media) Description: This highly sought after media and advertising law firm is seeking a mid-level associate with a strong M&A background to work on media and advertising-related deals. Work primarily involves private transactions, but will have the occasional public transaction.
Founded over hundred years ago, this firm is renowned as the top marketing communications law firm in the world, representing four of the largest advertising agency holding companies. The firm is remarkable in the fact that it maintains worldwide leadership in a key field of law with only 100 attorneys, based in a single office in New York City. Having grown from less than 40 attorneys in the 1990s, the firm serves clients in a full range of practice areas, including corporate governance, litigation, M&A, employment practices and executive benefits and compensation, intellectual property, new media, real estate, taxation and estate planning. The firm also enjoys a sterling reputation among not only its major advertising and marketing communications clients, but among its attorneys as well. The firm has a one-to-one partner to associate ratio and is regarded as an unusually rewarding, reinforcing and humane place to work. Position Requirements: Four to six years of experience. M&A background, top credentials, good personality.
To apply for this position, or to learn about other career opportunities, please visit laterallink.com. Earlier: Prior Job of the Week listings (scroll down)
We’re long overdue to crown an ATL Legal Eagle Couple of the Month for September. Before the poll, we should mention that for once, our collective readership seemed to agree with us — last week’s Couple of the Week contest (we put the weekly pick to a vote, in a break from our normal practice) was a very, very close call. The aristocratic Team Boyd-Lockhart squeaked by the competition with 35.5 percent, but Team Schonmuller-Williams and Team Leung-Lin made strong showings with 33.9 percent and 30.6 percent, respectively. Congratulations to the winners, and thanks to all three couples for being so freaking awesome.
Now, on to September’s contest, which is basically Stanford versus Douglas Ginsburg. You can read all about the nominees, and cast your ballot, after the jump.
* So how did Michael Mukasey do yesterday? Here’s a collection of some coverage. [How Appealing (linkwrap)]
* He totally should have mailed it to himself before faxing it to the Ravens. Also, not a joke, just a fact: the caption is over half of this 37-page opinion. [U.S. Court of Appeals for the Fourth Circuit (PDF) via How Appealing]
* How many businesses was Vick opening? Yet another bank sues him over a business loan. [Fulton County Daily Report]
* Speaking of Vick getting sued, he got sued by a South Carolina inmate again, and it’s not Jonathan Lee Riches. [Atlanta Journal-Constitution]
* Can’t we all just agree that a little less process is due in this case? [CNN]
* SCOTUS stays Virginia execution. [CNN]
We just finished watching America’s Next Top Model. So it’s quite appropriate for us to pass along this modeling montage video, which is amusingly bizarre. From a tipster:
I hate to pile it on, but you have to check out this YouTube clip of a University of Miami 1L. It’s a seven-minute clip of various glamour shots, set to the soothing sounds of flamenco guitar. I think my favorite photos involve her posing with a samurai sword.
We agree; nothing beats a samurai sword paired with fishnets. But the pics of her in a midriff-baring schoolgirl outfit, replete with pigtails, are also pretty great. As is the photo of her humping a white banister, which kicks off the whole thing.
You don’t need to watch the entire video, since the shots start to repeat after a while, but stick around at least until “Hotel California.” Enjoy! Update (12:15 AM): Sigh. If you click on the video below, you’ll see that it has been pulled. We seem to have the anti-Midas touch when it comes to law school videos: everything we link to gets yanked. See, e.g., here (Harvard) and here (Columbia).
* It’s hard to believe this car was parked in Brooklyn, of all places. [Althouse]
* The law school hiring process privileges glibness — and is that a bad thing? Law professors are hired (1) to train lawyers, of all people, and (2) to write articles that sound like they’re saying a lot, even when they’re not. Glibness would seem to be a BFOQ. [PrawfsBlawg]
* Once our Surgeon General starts getting on our case about drinking, it’s time to leave the country. But don’t move to the U.K. [Charon QC: The Blawg]
* Speaking of emigration, Tonga says: “Give us your tired, your poor, your disgraced and disbarred lawyers, yearning to breathe free.” [Blogonaut]
* Good news, Pennsylvanians. According to Professor Orin Kerr, “you can scream at your overflowing john all you want without violating the state’s disorderly conduct offense.” [Volokh Conspiracy]
* Martindale-Hubbell ratings: Pay to play? We find them less useful than they might otherwise be because so many lawyers aren’t rated. Will charging a fee for inclusion exacerbate the problem? [Real Lawyers Have Blogs; HireTrade Blog]
* Thoughts on the Eighth Circuit fantasy baseball ruling (mentioned in Morning Docket), from Professor Neil Richards. [Concurring Opinions]
* Dionne Warwick is a tax deadbeat? Say it ain’t so! [TaxProf Blog]
* Have a favorite New York blawg / blawger? Vote for them here. [Sui Generis]
There seems to be a lot of hostility towards our coverage of layoff rumors. That’s fine — go ahead, shoot the messenger. But don’t say that we didn’t warn you. It would be irresponsible to write about “NY to 190″ rumors while ignoring similarly reliable (or unreliable) layoff rumors.
Also, rumors — even when untrue — can be revealing. The very existence of a rumor reflects the state of the market and sheds light on the psyches of the participants. The fact that pay raise gossip has been supplanted by layoff gossip is telling.
We received many interesting responses to our recent post about layoff rumors at Kirkland & Ellis. Like this one, from someone at K&E (and not one of The Departed, so without an ax to grind):
Surprised it took you so long to pick up the layoff rumors, though I guess K&E has done a reasonably good job of keeping them quiet, even to its own associates.
(1) Associate reviews were just completed.
(2) 6-8 mid-level associates [in Chicago] have recently and abruptly left the firm. Rumor is that they were canned. I know two of them personally, and neither of them had ever indicated a desire to leave.
(3) As for causes, I initially heard that extraordinarily low hours were to blame. Other sources suggest that performance was an issue.
(4) At least one of the layoffs really has people baffled: good hard worker who appeared to put in reasonable hours…. [T]he response in the Chicago office appears to be a bit bewildered, especially with respect to the one associate who seemed to be very well-regarded.
More information, compiled from multiple Kirkland sources in different offices, appears after the jump.
As we mentioned last week, U.C. Berkeley’s Boalt Hall School of Law hired a brand consulting firm to come up with a new name for the school. The effort ended somewhat anticlimactically. Boalt paid $25,000 to Marshall Strategy Inc., which came up with this brilliant new moniker: “UC Berkeley School of Law.”
Oh well. But since we already took the time to read through hundreds of suggested new names for Boalt Hall, we’re going to conduct this reader poll anyway.
Cast your vote, after the jump.
Earlier this month, rumors about possible layoffs at Latham & Watkins were making the rounds. We alluded to them briefly here (also noting the firm’s denial).
We continue to get asked about this gossip, though, so we’ve done a little poking around. Sources at LW report that layoff rumors have been circulating, but that they aren’t true — at least not yet. From one source:
The LW layoff rumors are untrue as far as I know. Nobody I know has been laid off. [But] things are very slow, and they have 50+ summers still to come [on board as permanent associates]. I think this is confined to New York, though; the rest of the offices seem plenty busy.
That’s consistent with what we’ve been hearing: no layoffs, but lots of slowness. Another LW source reports that the firm’s Washington office is “on pace” for everyone to hit 1900 hours, that Los Angeles is at about 95 percent, and that New York is “sucking wind” at 90 percent.
Internally, here’s how the firm has been dealing with the gossip:
We got a few days of nervous jokes about how layoffs weren’t imminent: “We’ll wait until Christmas…” Then we got an unequivocal denial at Latham’s First Year Academy this past weekend.
More discussion, including a guess as to the genesis of this gossip, after the jump.
After the jump, you’ll see six photographs of Sullivan & Cromwell bonsai trees. Some of these pics have been previously featured in these pages, and some are new. Based on subtle differences between the plants, it appears that S&C may be using different florists around the country to disseminate these gifts to its offerees.
We will now hold a bonsai beauty contest, allowing you to vote for your favorite example of S&C bonsai porn. The differences in the photos are interesting. Just like real pornography, some bonsai porn aims to titillate, some aspires to art, and some just looks fuzzy and low-budget.
Check out the bonsai pics, and cast your vote, after the jump.
Several commenters to our recent post about the University of Miami law student who got benchslapped on the People’s Court pointed out another news development involving the law school: the recent arrest and arraignment of a popular professor, D. Marvin Jones, on a misdemeanor charge of soliciting a prostitute. See here:
Check out his bio (which rather pretentiously describes Professor Jones as a “public intellectual”). He teaches Criminal Procedure, of all things. If there’s any technical defect in his arrest, we’re sure the good professor will be able to get himself off.
Professor Jones: If you’re looking to score some ass, why not stick to the U. Miami student body? At least they won’t charge.
Alas, we don’t have the dirty details of this incident. If you know more, please email us. Thanks.
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.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.