It’s an adverse possession story! We have an adverse possession story. Pull out your first-year Property casebooks and remember that time in law school you learned that “law words” sometimes have no bearing on what those words mean in the regular world.
There’s a guy who is going around Ohio, “possessing” what he calls abandoned houses, and then filing quiet-title claims against the real owners. The actions have worried the owners (at least some of whom have their houses in foreclosure by the banks). In more entertaining news, we get to watch local media react with horror as they confront the mere possibility of adverse possession. I love when laypeople confront Property issues; they’re always so confused and frightened. Prescriptive easements! Fee simple! PERPETUITIES!
Anyway, of all the non-lawyers involved, the worst is the guy actually trying to possess these houses. He’s a man who knows just enough to be stupid….
* At MSU Law, a couple of law professors are getting serious about figuring out how to leverage technology in the profession. They envision making legal hiring into “Moneyball” with MSU Law representing Oakland. So they plan to raise false hopes and ultimately fail too? [Lansing State Journal]
* A real estate attorney is hosting a boot camp to train slumlords. Yay? [SF Gate]
* If you never thought electing state judges was a matter of life and death, read this. [Huffington Post]
* Here’s a fun one: Should TheDirty.com be liable for encouraging readers to submit gossip? Our old friend Sarah Jones hopes so. [Forbes]
* The Steubenville rape case is back in the news after a grand jury has indicted four school officials for covering up the school’s infamous rape. [Jezebel]
* A couple of former Harvard Law roommates have a fashion startup called ShopRagHouse that allows customers to design their own clothes. They’re seeking some additional funding for their next collection with a Kickstarter campaign now. [Kickstarter]
* If you’re in New York and interested about legal careers in banking, swing by the Fordham Law amphitheater tonight from 6 to 8 for a free panel discussion featuring representatives from some of the largest banks in the world hosted by the Chinese Business Lawyers Association. [Eventbrite]
Seven years ago this month, M&A lawyer Gregory Ostling was elected to the partnership of Wachtell Lipton, effective January 2007. In our story about the news, we referred to Wachtell as “obscenely profitable and dazzlingly prestigious.”
Because the firm has a single-tier partnership and is fairly lockstep (with just a handful of senior partners off the lockstep), even junior partners at Wachtell do very well for themselves. So maybe it shouldn’t be surprising that a relatively young partner like Greg Ostling just bought not one but two multimillion-dollar apartments at the Beresford — one acquired from a famous athlete, and one from an heiress — which presumably he’s going to combine into a single fabulosity-oozing residence….
The job market for new attorneys is bad, but you already know that. People are struggling to find any paying legal work of any kind, even as they hope that one day the investment they’ve made in law school will pay off. And you already know that.
Employers know that. Employers know that you are desperate and sad, and they’re happy to take advantage of that. But there’s an employer posting on Craigslist who wants to hire you, even though they know you’re going to spend a lot of your time there crying in your office.
Justice Clarence Thomas famously travels around the country over the summer in his 40-foot recreational vehicle (RV). Since 1999, Justice Thomas and his wife Ginni have visited some 27 states in their RV. According to Mrs. Thomas, “it’s a wonderful life.” The Thomases often park overnight in Wal-Mart parking lots. As Justice Thomas notes, “you can get a little shopping in, see part of real America. It’s fun!”
If spending night after night in an RV is good enough for an associate justice of the United States Supreme Court, it should be good enough for a young lawyer, right? In the latest installment of Lawyerly Lairs, we visit with a Biglaw associate who lives in an RV down by the river….
Things have quieted down a bit on the Weil Gotshal front. About a week has passed since our last report on Biglaw’s biggest source of drama.
Today we have some news to share about WGM — information gleaned from partner departure memos out of Dallas, the site of the biggest defections, and a real estate report from New York, the King’s Landing of Weil Gotshal….
* Affirmative action is again being put to the test before the Supreme Court, but this time, we’re not so sure the justices will punt the ball like last time. The countdown to one of Elie’s epic rants on race in America starts in 3, 2, 1… [National Law Journal]
* The U.S. Patent and Trademark Office is open for business, but the government shutdown has pretty much brought work at both the International Trade Commission and the Federal Trade Commission to a complete standstill. May they live to fight patent trolls another day. [Corporate Counsel]
* Good news, everyone! Many Biglaw firms have changed the way they make their real estate and office space decisions, primarily because “maintaining profitability has become very challenging.” [GlobeSt.com]
* Here’s another list of the law schools where you can get the most bang for your buck — except it neglects to mention what percentage of the class responded to these salary questions. Oops! [PolicyMic]
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 protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…