A brief update on an earlier story. Last week, we mentioned that celebrity cyberlaw prof Larry Lessig, of Stanford Law School, was contemplating a congressional bid. His prospective campaign would be centered on the theme du jour of Change (in this case, of Congress).
Many ATL commenters didn’t think highly of the idea:
“He has NO chance against Jackie Speier.”
“He can’t exactly self-fund, and the primary is just over three months away. I like the fellow well enough, but this seems foolhardy.”
“Jackie Speier has this thing locked up. She has name recognition, prior elected experience, the endorsements of everyone who matters, party money, and a compelling story that involves getting shot several times by crazy people. Beat that.”
Pity the poor partners of McDermott Will & Emery. Sure, their firm is highly regarded and highly profitable. But when they head off to try cases in far-off places, they often get benchslapped silly.
You may recall the case of bankruptcy partner William Smith, who found himself in the deep-fat fryer after telling a judge she was “a few French Fries short of a Happy Meal.” Although the judge was upset, in the end Smith got a slap on the wrist.
Things didn’t end as happily for Terrence McMahon and Vera Elson, MWE partners based in Silicon Valley. Judge Richard P. Matsch — the tough, well-regarded trial judge who presided over the Oklahoma City bombing case — sanctioned McMahon and Elson for “cavalier and abusive” misconduct and a “what can I get away with?” attitude during trial. From the Denver Post:
A federal judge recently got so infuriated by the conduct of two highly regarded trial attorneys that he overturned a jury’s $51 million verdict, then ordered the lawyers to pay the fees and costs of the opposing lawyers, a sum that could total several million dollars.
Ouch. So is that coming out of their partnership draws?
Or maybe the firm will find other ways to cut costs. Read more, after the jump. Update: Please note that this post has been corrected since it was first published. The correction appears after the jump.
For his yearbook page, one of our most quiet high school classmates selected this quotation, by Martin Fraquhar Tupper: “Well-timed silence hath more eloquence than speech.”
Justice Clarence Thomas concurs. As reported by the AP, “[t]wo years and 142 cases have passed since Supreme Court Justice Clarence Thomas last spoke up at oral arguments.”
So what if the “time” of CT’s “well-timed silence” has dragged on for two years? Holly Hunter was mute for two hours in The Piano — and she snagged herself an Oscar! Thomas: No Questions in 2 Years [AP]
According to the non-theme-songsong (mp3) of Nixon Peabody, the firm is “the best to work with” and “the best to work for.” At NP, “it’s all about the team, it’s all about respect, it all revolves around integrity.”
And top of the line ingredients. From the Washington Post:
Big-time lawyers are pros at waiting for judges’ tough decisions, but yesterday afternoon at Nixon Peabody in the District, some may have posted fewer billable hours until results of the firm’s 19th annual cook-off were handed down.
The competition pits men against women, which could lead to actionable territory and dangerous stereotyping. Yet, it has helped build camaraderie among all departments, firm employees say, pointing to Nixon Peabody’s ranking among Fortune magazine Top 100 Best Companies to Work For, three years running.
Wow, they really milk that honor for all it’s worth! Kudos to NP’s public relations department for placing this puff piece in the Post. The firm’s PR operation has come a long way from the days when they threatened bloggers over leaked musical homages (and generated unflatteringpublicity for themselves).
More discussion, after the jump.
There have been some rumblings on this blog of a slowdown in judicial clerk hiring, even as firms raise clerkship bonuses to $50K.
Today’s ATL / Lateral Link survey digs a little deeper into who is (or isn’t) hiring judicial clerks, and what their bonuses look like. Update: This survey is now closed. Click here or here for the results.
– Justin Bernold is a Director at Lateral Link, the sponsor of this survey.
[Ed. note: Today we bring you some "news you can use": a practical look at how political choices might affect your personal finances. This post is by Ted Frank, who blogs at Overlawyered.com and PointofLaw.com, and who has guest edited ATL in the past. Take it away, Ted.]
BigLaw lawyers love Obama. If one searches by law firm various databases on-line for campaign contributions, one sees an overwhelming sea of blue, and most of it to Obama.
But how will Obama affect BigLaw wallets? On Above the Law, we regularly see commenters threaten to abandon law firms for falling $5,000/year short of market. I therefore thought it worthwhile to examine the effects of Obama’s tax and spending plans on take-home pay.
We all know that Obama wants to end the Bush tax cuts. That is a 3% bump across the board to the bad old days when associates faced a marginal federal tax rate of 36%.
But the real hidden tax is that Obama plans to end the social-security tax cap. Right now, you may notice, sometime during the summer or early fall, your take-home pay suddenly goes up because they stop deducting FICA. Current law caps social security taxes: in 2008, the cap is at $102,000. Obama proposes to abolish this. That mid-summer bump will be no more: add about several thousand dollars to your annual tax bill.
But social-security taxes are not only on employees. The government also charges 6.2% to employers that you never see on your W-2s. But rest assured the partners see this, and will notice that the expense of keeping an associate has risen several thousand dollars a year when FICA taxes double and triple. Will they swallow that additional expense, or take it out of your bonus?
Find out, after the jump (or click here).
* President pushes House on FISA. [CNN]
* EPA may exempt “toxic gases” from factory farm reporting requirements. [Washington Post]
* Congress may ask DOJ to investigate Clemens’s testimony, not McNamee’s. [New York Times]
* Ford pushing employees to accept buyout packages. [New York Times]
* UAW strikes at American Axle in MI and NY. [MSNBC]
* Five former execs found guilty in AIG fraud case. [WSJ Law Blog; New York Times]
This just in: the super-fabulous Monica Goodling, one of ATL’s all-time favorite people, is engaged! Monica Marie Goodling, of Alexandria, is engaged to be married to Michael Krempasky, of Falls Church. The wedding is planned for later this year.
The future bride, a consultant, previously served as senior counsel to Attorney General Alberto R. Gonzales and White House liaison at the U.S. Department of Justice. She graduated cum laude from Messiah College and received J.D. and M.A. degrees from Regent University.
Mr. Krempasky is a senior vice president at Edelman, a full-service, global public relations firm. He is also a founder of RedState, a leading conservative blog.
Although Monica Goodling and Mike Krempasky are a “power couple” here in Washington, their story goes back more than a decade and originates outside the Beltway. Look for more details later, either in these pages or elsewhere (e.g., their official engagement or wedding announcement). Update: More details about their courtship appear here.
Congratulations and best wishes to the happy couple! Full-size engagement photographs, exclusive to ATL, appear after the jump.
* “Can Michigan universities use proxies for race after the ban on racial preferences?” Professor Brian Fitzpatrick answers in the negative. [PrawfsBlawg]
* ATL’s new sports columnist, Marc Edelman, gets a shout-out from Brett Trout in Blawg Review #148. [BlawgIT via Blawg Review]
* Who’s the most scandalous Filipino lawyer in America? Your undersigned blogger, of course! [Philippine Daily Inquirer via ABA Journal; Soloway]
Florida lawyer Jack Thompson, who is completely crazy somewhat colorful, has surfaced inthesepages before. But he has never been an ATL Lawyer of the Day.
With this post, we officially bestow the honor upon him. From Game Politics:
[T]he Florida Supreme Court alleged [last] week that controversial Miami attorney Jack Thompson has “abused the legal system by submitting numerous frivolous and inappropriate filings in this Court.”…
The Daily Business Review reports that a December document was specifically mentioned in the Court’s show cause order (PDF) to Thompson:
“The court described one of Thompson’s recent filings in detail. [Thompson] dubbed it a ‘children’s picture book for adults,’ interspersing images with text in his motion due to ‘the court’s inability to comprehend’ his arguments.”
Seriously. Check part of the filing out by clicking here (Word document). It sure is purdy, ain’t it?
Despite that order to show cause from the Florida Supremes, Thompson is unrepentant. As he told the Daily Business Review:
I have a right to file anything I want with the court. It is beyond bizarre that they think they can tell me I can’t seek relief. They can deny relief, but they can’t tell me I can’t seek relief.
We bring you some news from the University of Virginia School of Law, which last year was voted America’s Coolest Law School by the readers of Above the Law. UVA has a new dean: Professor Paul Mahoney. Congratulations, Dean-To-Be Mahoney!
Professor Mahoney, who will replace John C. Jeffries Jr. as dean when Jeffries steps down in July, has a glittering resume: MIT, Yale Law, clerkships for Judge Winter (2d Cir.) and Justice Marshall, and four years at S&C. He joined the UVA law faculty in 1990. Word on the street is that Paul Mahoney was “the internal favorite” and that “students [are] pleased” by his selection, which didn’t come as a surprise:
[H]e was widely expected to be the guy. I’m sitting in his wife’s class right now (she’s a prof here too), and not even she [Professor Julia D. Mahoney] has said anything about it. Just prattling on about bailments…
Meanwhile, while we’re training the spotlight on Charlottesville:
Journal tryouts are ongoing at UVA and presumably other law schools. This is the official Feb Club blog’s take on journal tryouts…
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.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!
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.
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.