If you’re looking for something to do in an hour and a half, why not check out the new legal thriller on FX, Damages?
This new television series stars Glenn Close, whom we have worshiped ever since Fatal Attraction. We love a strong woman, who knows exactly what she wants — and will stop at nothing to get it.
The litigatrix role that Glenn Close plays in Damages has some similarities to Alex Forrest in Fatal Attraction. Here’s the show’s synopsis:
DAMAGES is a legal thriller set in the world of New York City high-stakes litigation. The series, which provides a view into the true nature of power and success, follows the turbulent lives of Patty Hewes (Glenn Close) the nation’s most revered and reviled high-stakes litigator and her bright, ambitious protégé Ellen Parsons (Rose Byrne) as they become embroiled in a class action lawsuit targeting the allegedly corrupt Arthur Frobisher (Ted Danson), one of the country’s wealthiest CEOs.
As Patty battles with Frobisher and his attorney Ray Fiske (Željko Ivanek), Ellen Parsons will be front and center, witnessing just what it takes to win at all costs, as it quickly becomes clear that lives, as well as fortunes, may be at stake.
Tonight’s episode is the third installment of the series. Some thoughts on the first two episodes, from two readers and from us, appear after the jump.
If so, call 1-800-759-8611. NOW!
No, this isn’t a joke. From a source:
I heard this radio advertisement running on 50,000 watt WABC radio in New York. I heard it twice on the morning of the 16th, about 6:30am and about one hour later, and once again (3rd time) I believe [on Wednesday]. It went something like this:
Did you hire a Hogan and Hartson senior partner for bet the company liltigation? Was your case handled by a junior lawyer instead of the senior partner you thought you were paying for? Call 800-759-8611.
I believe I have the number correct. What’s this all about?
We share our tipster’s curiosity. And yes, reader, you have the number correct. We called the number, got an answering machine message (which mentioned Hogan & Hartson), and left a message of our own, identifying ourselves as media types in search of comment (we haven’t heard back yet).
We don’t understand the nature of this lawsuit. If these plaintiffs’ lawyers think that hiring Rainmaking Partner X means that all work on your case will be done by Rainmaking Partner X, they need to get a clue. Tons of other lawyers will work on your case — but be billed out at much lower rates, of course.
(David Boies, Ted Olson, Marty Lipton… they have these people called associates, you see, who help them with stuff. Associates are kinda like Santa’s elves. They do all the work, even though you may not see them that much…)
But if the allegation is that clients of Hogan & Hartson were billed for hours supposedly worked by a senior partner, when the hours in question were actually worked by, say, a junior associate — well, that might be more interesting.
Does anyone know what the heck this might be about, or which plaintiffs’ firm is handling the matter? If so, please email us. Thanks.
In the wake of name partner David Bershad’s guilty plea, the schadenfreude over the fall of Milberg Weiss continues.
Even ex-paralegals at Milberg Weiss are getting in on the fun. Check out this excerpt, from a comment posted at Roger Parloff’s blog:
[F]or anyone who argues that theirs were essentially victimless crimes, how about the competitive advantage Milberg Weiss has enjoyed over firms who really are ethically defending the little guy? It was this idea of evening the playing field for investors and consumers that made me excited about working for Milberg Weiss in the first place, and I passed up more lucrative offers from Defense firms because of my desire to be able to look myself in the mirror every morning. Too bad my employers did not have the same commitment to honesty.
Oh, and as an additional note on class, [former name partner Steven] Schulman actually had the nerve to e-mail the entire firm to ask if they wanted to support his children’s private school by buying gingerbread houses decorated by the kids for $200 a pop. And then, the night of the firm Christmas Party, he sent out a second-chance e-mail offering them discounted at $150!
Former Milberg Weiss partner David Bershad has agreed to plead guilty to a conspiracy count, and to cooperate with the feds in their investigation of his former law firm (in which he was once a name partner). The government alleged that Bershad paid kickbacks to clients to serve as plaintiffs in securities class action cases. See here, here, and here.
The best part of the whole story, from the WSJ Law Blog:
* In the earlier years of the alleged conspiracy, Bershad along with Partners A and B and others, “pooled their personal cash into a fund Bershad maintained in his office at Milberg Weiss, which was used by the Conspiring Partners to supply cash for secret payments to paid plaintiffs and others.”
* According to the statement, “the amounts the Conspiring Partners each contributed were supposed to be approximately proportionate to their respective partnership interests in Milberg Weiss. Bershad kept track of the amounts contributed and of the secret cash payments that had been made to paid plaintiffs.”
This is tragic rather than funny. But it’s the subject of much gossip right now, and several of you have written to us about it. So here’s a quick post.
On Friday, Moshe Kanovsky, a 31-year-old lawyer from Brooklyn, jumped to his death, from the 69th floor of the Empire State Building. From the New York Daily News:
It wasn’t immediately clear what prompted Kanovsky’s suicide.
“He was interviewing a client,” said a man who works in the suite. “He just got up, opened the window and jumped.”
A police source said that Kanovsky met with the client in one room and jumped from another.
Jokes about the misery of Biglaw driving people to suicide would be misplaced:
Investigators questioned employees at Levine & Blit, a personal injury practice, and at Ashok Karmaker. Both law firms share a suite on the 69th floor where Kanovsky “did odds-and-ends work” for Karmaker.
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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