Ed. note: This is the latest installment in a series of posts on lateral moves from Lateral Link’s team of expert contributors. As Michael Allen, Managing Principal at Lateral Link, recently announced, “We are pleased to announce the hiring of Ryan Turley [pictured], who brings years of legal and recruiting experience to Lateral Link. We recently sat down and he gave me his thoughts on the Chicago market and how it compares to the national market.”
As we become further and further distanced from the recession of 2008 and 2009, the market seems to be settling into a new equilibrium state that has seen a modest uptick in the demand for legal services and a sharp rise in the volume of lateral moves since 2009.
My own stomping ground, Chicago, is no exception. From 2009 to today, the Windy City has seen a significant increase in lateral moves:
As clear as I can tell, Becker & Poliakoff lawyer and out-homophobe Walter Kubitz, author of the now-infamous “gay plague of AIDS” email, still has a job. I’m not at all sure why. Becker & Poliakoff keeps saying that such divisive views about gays and lesbians do not reflect the firm’s “core values” and will not be tolerated… AND YET the firm clearly values Kubitz enough that he is still being tolerated by the firm.
Is Kubitz just a fantastic attorney that Becker can’t afford to lose? The man has been working for 30 years and still hasn’t made “shareholder” at the firm, so I don’t think he can be SO good that the firm just can’t do without him. What kind of power does this guy have? Jesus, does Kubitz have photos of Becker shareholders getting gay with Santa Claus? Maybe firm management doesn’t understand that pictures of them getting busy with each other at a firm retreat would be CONSIDERABLY LESS DAMAGING to the firm’s reputation than continuing to employ such a proud homophobe.
Becker just put up a statement on their website about the Kubitz situation. The statement doesn’t actually say what Kubitz did, doesn’t contain an apology from Kubitz, and hides behind religious toleration rhetoric when that’s not even the point of what happened here. Let’s give it a close read….
He was in a wheelchair. Why would he shoot? He could have just hit the man, beat him up.
– Anita Johnson, a Miami-area woman, commenting on the killing of an unarmed panhandler in a wheelchair. Miami police have arrested Rodney Louis for allegedly shooting the panhandler before leading the cops on a 20-minute, high-speed chase. I suppose the days when handicapped beggars were merely dragged from their wheeled chariots and assaulted are but a fleeting memory of what America used to be.
Yesterday, a California appellate court overturned the lower court’s dismissal of a malicious prosecution claim against Biglaw mainstay Latham & Watkins. According to the opinion, the lower court was wrong on the statute of limitations, but the opinion also went out of its way to express just how likely the plaintiffs were to prevail on the merits of their claim that Latham doggedly pursued them on a “non-viable” legal theory.
Latham still has an opportunity to defend itself, but the language of this opinion is certainly not encouraging.
The plaintiff already recovered over $1.6 million in fees from Latham’s client, let’s see how they do against the firm…
Have you heard of “immigrant-investment visas.” I hadn’t, but doesn’t it seem like exactly the kind of thing we would have? You pay us a lot of money, we give you a green card.
I know, putting it that way makes it seem a little too much like people can buy citizenship. Which they can. But the government dresses it up so it doesn’t sound quite as shady. From the Wall Street Journal:
Started 24 years ago, the EB-5 program allots 10,000 visas annually to foreigners who invest at least $500,000 in U.S. development projects, from dairy farms and ski resorts to hotels and bridges. In return, the investor and family members become eligible for green cards, or permanent residency, typically within two years.
Yeah, that still sounds pretty shady. People with $500,000 to sink into a freaking ski resort are probably doing just fine in their home country. At the very least, they’re probably not fleeing political or economic desperation and in need of fast-tracked immigration decisions.
According to the Journal, wealthy investors do this for their children. Yes, the children of wealthy investors benefit from this program. Meanwhile — excuse me, let me set my rage meter to nova — there are thousands of kids with their faces pushed up against the glass of America right now, FLEEING DEATH.
Court reporters put up with a lot. Not only are they largely condescended to by the often middling attorneys they deal with every day, but they have to listen intently to everything lawyers say all the time. And when they’ve managed to turn around two days worth of testimony into a transcript by mid-morning the next day, they get a courteous nod and a “what took you so long?”
The job really is its own circle of hell. The sort of thing that might make somebody type “I hate my job” over and over and over again instead of keeping up with the proceedings.
But not every court reporter is a martyr deserving of veneration. If, for example, a court reporting service just didn’t prepare transcripts in criminal cases for months on end, they may earn themselves a hearty benchslapping…
* Are Apple and Samsung really still fighting? Even people who live on the West Bank are tired of this pointless conflict. [WSJ Law Blog]
* Tim Wu + New York Times = Oh, like you could pick Robert Duffy out of a lineup. [New York Times]
* Wow, a cop actually got disciplined for choking a… oh, wait, he choked a white kid. Well OBVIOUSLY you’re not supposed to do that. [Washington Post]
* Yes, but what if you beat your wife while on marijuana? What will you do then, NFL? [ESPN]
* And now for the part where Miley Cyrus ruined that homeless man’s life. [ABA Journal]
* Jeff Kessler has some experience watching the free market destroy things. [New York Times]
* Let me explain how “The Man” works. First, he takes away your leg room on the airplane. Then, he just waits for somebody to try to recline his seat, and waits for the plebeians to kill themselves. The recliner is not your enemy. The airlines are… also the jackass recliners. [The Upshot / New York Times]
If you’re going to steal millions from clients, at least make a good story out of it. Like blowing hefty sums on luxurious private air travel and wiring millions to casinos to cover gambling debts. Make it a rock star story right up until the very end.
Of course, it’s hard to imagine a lawyer successfully stealing millions. There are just too many checks in place to let it get that far. It felt like the only thing anyone needed to know to pass professional responsibility was to respect escrow accounts. You just make sure all the money you’re watching for your customers, consumers, lenders and employees is always accounted for. There’s inevitably more than one person handling the bank statements. It’s just hard to lose millions.
Nonetheless, one law firm with offices around the country thinks it’s discovered more than a minor problem in its accounts. In fact, it just filed a lawsuit against its former managing partner, alleging that he siphoned off a cool $30 million from client escrow accounts to live like a proverbial rock star….
* Dean Chemerinsky lays out how the Supreme Court is protecting local corruption. It’s what the Framers would have intended. [New York Times]
* In response to the latest article from Professor Michael Krauss, a former student suggests that maybe the so-called “justice gap” is a good thing. It kind of comes down to how much you believe in the efficiency value of the “American Rule.” [That's My Argument]
* A well-written tribute to a Nashville civil rights lawyer. [Nashville Scene]
* This seems like a place to remind people that David’s going to Houston next month. [Above the Law]
* Here’s a new game to check out. It’s a twisted dirty word game called F**ktionary (affiliate link), so obviously it was made by a lawyer. It’s kind of like Cards Against Humanity meets Scattergories, which is just as fun as it sounds. The promo is 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.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
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