We had a tough time picking our finalist couples this week, and LEWW will be the first to admit that we’re not totally certain we chose the right three. (We’re sure our commenters and e-mailers will let us know if we’ve dropped the ball.) Specifically, in addition to our three finalists, we considered thesethreecouples, and if you work at Shearman, Simpson Thacher, Wachtell, Willkie, or Ropes & Gray, you might want to click on those links to read about your colleagues or their spawn.
But onward to this week’s finalists! Here they are:
Earlier today, Iranian president Mahmoud Ahmadinejad made a controversial appearance at Columbia University. The decision to invite Ahmadinejad was defended by President Lee Bollinger, who criticized Ahmadinejad and his views while introducing him, but condemned by Columbia Law School Dean David Schizer.
Dean Schizer’s statement provides us with enough of a “law” hook to write about the controversy. Here’s what he had to say:
This event raises deep and complicated issues about how best to express our commitment to intellectual freedom, and to our free way of life. Although we believe in free and open debate at Columbia and should never suppress points of view, we are also committed to academic standards. A high-quality academic discussion depends on intellectual honesty but, unfortunately, Mr. Ahmadinejad has proven himself, time and again, to be uninterested in whether his words are true. Therefore, my personal opinion is that he should not be invited to speak. Mr. Ahmadinejad is a reprehensible and dangerous figure who presides over a repressive regime, is responsible for the death of American soldiers, denies the Holocaust, and calls for the destruction of Israel. It would be deeply regrettable if some misread this invitation as lending prestige or legitimacy to his views.
Our university is a pluralistic place, and I recognize that others within our community take a different view in good faith, and that they have the right to extend invitations that I personally would not extend. I know that we will learn from each other in discussing the difficult questions prompted by this invitation.
Do you agree with President Bollinger or Dean Schizer? Take our poll:
We’ve devoted an insane amountofcoverage to Quinn Emanuel’s plan to take recruits to a resort in Deer Valley, Utah (in lieu of callbacks). Now The Recorder has this interesting article:
Instead of bringing students met during on-campus interviews back to the office for a series of sit-downs, the firm will take them on the road. Quinn Emanuel is arranging an all-expenses-paid October weekend of dining and drinks in Deer Valley, Utah, for about 40 students. They’ll stay at the Stein Eriksen Lodge, a Scandinavian-inspired chalet where a suite runs more than $2,000 a night in peak season.
“We stole the idea from an investment bank — I don’t think any law firm has tried it,” said firm leader William Urquhart.
Reporter Kellie Schmitt confronted Quinn Emanuel partners with some choice comments from ATL readers. Learn about their reactions, after the jump.
Yesterday we broke the news of Sullivan & Cromwell’s new bonus program for its most senior associates. To read the memo from firm chairman H. Rodgin Cohen, click here.
Now we have more details, thanks to the WSJ Law Blog (which has a nice shout-out to us) and the New York Law Journal.
Some ballpark numbers, from the NYLJ:
A Sullivan & Cromwell partner who asked to remain unnamed said Wednesday that the supplemental bonuses would probably range from around $15,000 for fifth-years to around $30,000 for eighth-years.
With the supplemental bonus, the most senior associates at Sullivan & Cromwell can expect to earn total compensation of around $400,000, based on the current top base salary of $310,000 and last year’s $60,000 year-end bonus.
The WSJ Law Blog scored an interview with Rodge Cohen, who explained: “Retention is clearly an objective… 95% of the associates we lose we’re sorry to see go.”
Five percent = Aaron Charney + Gera Grinberg.
But will a little extra cash make a big difference in retention? Law firm consultant Peter Zeughauser has his doubts.
The WSJ also asked Rodgin Cohen about a subject near and dear to all of your hearts: possible increases in base salaries. Cohen said that the subject won’t be discussed for another month or so.
More discussion, plus a reader poll, after the jump.
Has Quinn Emanuel’s unorthodox approach to the callback process ruffled some feathers? Maybe. Why does the firm brass keep on sending out emails about it?
Last Thursday, firm founder John Quinn sent out this email. Then, on Friday, name partner Bill Urquhart chimed in:
From: “A William Urquhart” To: “Attorneys” Date: Fri, 14 Sep 2007 10:38:28 -0700 Subject:
We have received several questions about the recruiting weekend at Deer Valley. Here are some answers.
Question: Who is attending the weekend?
Answer: There will be approximately 20 lawyers from the firm–both associates and partners. There will be lawyers from all the firm’s four offices.. There will be law students from Texas, Chicago, Harvard and Yale. All of them will have received call backs. As you know, the vast majority of those students invited back to our offices receive offers. If the on campus interview processes operates as intended, this number should be close to 100% because nobody should be invited back unless they meet our minimum objective standards. They should also have met our more subjective standards.
Question: How did you choose these schools?
Answer: These were the schools whose interviews were late in the recruiting season. If this experiment is successful, we may decide to have two such events next year–one in late September for the students of the schools which schedule interviews early (e.g. Columbia, Stanford, U Va, NYU, etc.).
It’s September, which means that it’s clerkship application season. According to the law clerk hiring plan — which some judges follow, and some judges don’t — today’s the first day federal judges can call to set up clerkship interviews with current law students.
You can find out where various courts and judges are in the hiring process over at the Clerkship Notification Blog. But they may be having some issues, according to one tipster:
[T]he Clerkship Notification Blog appears to have no posts on it today at all. People on XOXO are saying that the clerkship blog started moderating comments just yesterday, meaning that no comment shows up until the blog owners approve it first. See here and here.
Kind of defeats the whole point of getting information out there quickly, doesn’t it? What the hell are they thinking over there?
LEWW is surrounded by packing boxes at the moment, and the cable guy is about to take away our modem, so you’re going to have to wait till we arrive at our new HQ to read about this week’s super-impressive newlyweds.
In the meantime, please help us crown August’s Couple of the Month. If you need to read up on last month’s four finalist couples, click on the link below. Otherwise, here’s the poll:
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
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: