Layoffs at law firms have slowed to a trickle (although we still hear the occasional rumor; email us with your tips). In the public sector, however, layoffs continue — and may even accelerate, as state governments and the federal government grapple with contentious budget issues.
Today brings word of major layoffs in Connecticut. In a just-issued report, Judge Barbara Quinn, Chief Court Administrator, laid out some serious cuts to positions in the judicial branch.
I have previously expressed my belief in the innocence of Reema N. Bajaj, the 25-year-old lawyer who has been charged with prostitution. This Illinois solo practitioner didn’t strike me as a prostitute — and some who know her personally concur. A classmate of Bajaj from Northern Illinois University College of Law expressed his shock at the charges, and college students whom Bajaj taught described a caring and considerate teacher — an unlikely lawbreaker.
But, in fairness to the prosecution, evidence does exist that could be construed as supporting the charges. And some of this evidence is rather salacious — to wit, photographs of Reema Bajaj’s bajayjay.
If you have delicate sensibilities, please stop reading here. If you have a stomach for somewhat scandalous (but still safe for work) material, however, you may continue….
Joe Flom, R.I.P. — and R.I.C.H. As you might expect from the name partner of one of the world’s largest and most lucrative law firms, Flom left behind a vast fortune.
It might seem tacky to talk about this. But that hasn’t stopped us before given Flom’s commitment to charity, it’s actually heartwarming to see all of the worthy causes that will be receiving much-needed funds from the Flom estate.
So how much are we talking about? And who are beneficiaries of his will?
Incoming summer associates, would you donate one day of your summer salary to help other students at your school who did not get summer jobs? Would you donate that money for a pro bono or public interest cause? Would you donate that money so your law school could fund the pro bono interests of other students?
Or am I giving you a false choice? Is it offensive to suggest that your law school needs one cent of your hard-won salary to fund public interest programs that should be covered by your tuition?
These are the questions facing students at one law school, thanks to an interesting donation request from the school’s administration. This isn’t a public interest auction like you’ll see at many law schools, where students with extra cash can bid on items, and auction proceeds are used to fund public interest fellowships. Rather, this is a direct request for a redistribution of income.
And I’m not sure if this is laudable or monstrous…
Ed. note: This is the latest installment of Size Matters, one of Above the Law’s new columns for small-firm lawyers.
I have written this column from many places: my parents’ couch, my local Starbucks, my bed, etc. I have yet to try it from atop a soapbox, but here goes.
It is common knowledge that the need for pro bono services is increasing as funding for pro bono organizations is decreasing (or ceasing altogether). As explained by ABA President Stephen Zack, in a letter opposing cuts to funding for the Legal Services Corporation, “[f]inancially, many Americans are still hanging on by their fingernails. The worst thing that could happen is to lose the place people can turn to when their money woes create legal problems.”
Similarly, as explained by Esther Lardent, President of the Pro Bono Institute, in her address at the 2011 Annual Seminar and Forum on In-House Pro Bono, with regard to the impact of the economic downturn, “for pro bono . . . the worst is yet to come.” Lardent explains that the loss of funding to pro bono organizations has posed a “justice crisis,” and the need for legal assistance will increase.
So, as a result of the economy, more people need legal aid, but fewer legal aid organizations are able to meet those needs. Clearly if these people are to be served, private lawyers are going to need to take the laboring oar — and they have. According to Lardent, pro bono hours performed by major law firms increased in 2009 (2010 data is not yet available).
While some people seem to think Japan’s status as a rich nation means it doesn’t need any international aid, I don’t see how the country’s long-term ability to recover has anything to do with the immediate humanitarian crisis. Japan will undoubtedly be able to rebuild in the future, but its citizens need food and water today.
We’ve now received word that even more Biglaw firms are pitching in to do what they can. If you know of additional firms supporting relief efforts that we have not mentioned, please tell us in the comments to this post….
After the Haitian earthquake last year, we saw law firms step up in a big way to support relief efforts down there. Hopefully we will see the same reaction to the ever-increasing tragedy unfolding in Japan. Given an 8.9 a 9.0-magnitude earthquake, a massive tsunami, and a nuclear disaster that is already the second-worst nuclear accident in history, you hope that Japan will get all the help that the world can provide.
If anything, the nuclear meltdown angle is obscuring the humanitarian crisis currently happening in Japan. We know that Americans can’t focus on something unless there is some tangential relationship to something bad that could happen here, but you’d think that the possibility of 10,000 deaths would be enough to trigger our humanitarian concern without obsessing about apocalyptic scenarios.
Thankfully, a couple of law firms aren’t waiting for Japan to start glowing before making efforts to help…
Numerous applicants to law school claim that they want to become lawyers in order to serve the public interest — and some of them are telling the truth. Alas, after burdening themselves with six figures of law school debt, they find it difficult to follow through on their public-interest dreams. The path of least resistance, or at least the path to the fastest repayment of loans, is working for a large law firm.
Working for a prominent law firm is great — lucrative, prestigious, honorable work — provided that it’s actually what you want to be doing (as opposed to, say, public interest work in Nepal). Unfortunately, many who toil in Biglaw do so primarily for the debt-dispelling powers of the paycheck.
On Wednesday we wrote about the great departure email sent out by Brian Emeott, a former corporate associate at Skadden in Chicago. Emeott, a 2004 graduate of Harvard College and 2008 graduate of Harvard Law School, picked up and moved to Kathmandu, Nepal.
Brian’s wife, Claudine Emeott, resigned from her own job in December and moved to Kathmandu in January. She’s in Nepal to advance a worthy cause: as a Kiva Fellow, Claudine is working with a local microfinance institution for three months.
In our original post, we applauded the Emeotts for their sense of adventure. You can follow them at their (excellent) blog, The Kathmanduo, as they “work, write, and photograph [their] way through beloved Nepal.”
Some of our commenters, however, were more skeptical. They wondered (and so did we): How are the Emeotts making this work, in financial terms? Are they trust fund babies?
Today we honor the birthday of the late great civil rights leader, Dr. Martin Luther King Jr.. Dr. King was born on January 15, 1929 (so he would have been 82 today). The holiday of MLK Day is observed on the third Monday of January.
Legislation for a holiday honoring Dr. King was first introduced shortly after his assassination in 1968, but it wasn’t until 1983 that the legislation was passed and the holiday signed into law (by President Ronald Reagan). Observation of the holiday was controversial for a time, but in 2000 it was officially observed in all 50 states.
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: