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.
Following in the footsteps of Sullivan & Cromwell partner Eric Krautheimer, today’s Non-Top-Tier Law School Graduate of the Day also has a law degree from a Tier 4 law school, supplemented by an LLM from NYU. And just like Eric Krautheimer, his tremendously successful career provides support for the proposition that it’s not where you got your legal education, but what you do with it, that counts. Name: Benjamin Brafman Law School: Ohio Northern University, J.D., with distinction, 1974 Current Position: Partner, Brafman & Associates, P.C. Why He’s Our Winner: Brafman is one of New York’s top criminal defense attorneys, with a long list of celebrity clients (including, for a time, Michael Jackson). Our tipster sums it up nicely: “He represented Diddy! He probably met J.Lo! How can you beat that?” Brafman & Associates, P.C. [Lawyers.com] Benjamin Brafman [Wikipedia] Little Big Man [New York Magazine]
As we mentioned on Friday, due to the popularity of Non-Top-Tier Law School Week, we’ve extended it to include all of this week. We will continue to explore — and to challenge — the following claim:
Even if times might be great for Biglaw shops and the top-tier grads they hire, it’s hard out here for graduates of non-elite law schools (especially those not at the top of their class).
The thesis was articulated last week in this post, based on this Wall Street Journal article.
This latest post falls on the “challenge” side of the ledger. Several readers have emailed us to point out that, in essence, not all non-top-tier schools are created equal. Geography — i.e., presence in (or proximity to) a strong legal market, especially one without many top law schools to compete with — makes a big difference.
What do we mean by all this? Find out, after the jump.
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: firstname.lastname@example.org.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.
If you are considering a virtual law practice, you know that many of today’s solo firms started that way. But why are established, multi-attorney law firms going virtual?
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:
Reduces malpractice risk
Enables you to gather the best attorneys to fit the firm, regardless of each person’s geographic location
Leverages mobile devices and cloud technology to enable on-the-spot client and prospect communication
Transitioning in-house is something many (if not most) firm lawyers find themselves considering at some point. For many, it’s the first step in their career that isn’t simply a function of picking the best option available based on a ranking system.
Unknown territory feels high-risk, and can have the effect of steering many of us towards the well-greased channels into large, established companies.
For those who may be open to something more entrepreneurial, there is far less information available. No recruiter is calling every week with offers and details.
In sponsorship with Betterment, ATL and David Lat will moderate a panel about life in-house and we’ll hear from GCs at Birchbox, Gawker Media, Squarespace, Bonobos, and Betterment. Drinks, snacks, networking, and a great time guaranteed. Invite your colleagues, but RSVP fast, as space is limited.