In the world of Manhattan real estate, life begins at $1 million. Sure, you can get a very nice studio or one-bedroom apartment for six figures. But if you’re looking for at least two bedrooms and two baths, in a decent part of town, be prepared to pay the mansion tax (although a 1,200-square-foot apartment is hardly a “mansion”).
In today’s edition of Lawyerly Lairs, we’ll present you with two apartments, both priced between $1 million and $2 million. Then we’ll ask you to vote in a reader poll and say which one you prefer. We’re all about interactivity here at Above the Law.
* Oh, by the way Dewey & LeBoeuf partners, the little contribution plan you signed that received court approval last week might not protect you from your former landlord’s claims for back rent. Hope you’ve all got an extra $45 million sitting in the bank. [Am Law Daily]
* Louisiana Supreme Court Justice Bernette Johnson will finally get to claim her seat as chief justice of the state’s high court after official judicial recognition — on both the state and federal level — that the year 1994 does indeed come before 1995. [Bloomberg]
* No matter how hard law school administrators wish it were so, or how much they beg Jim Leipold of NALP, he’s never going to be able to describe the current entry-level legal job market as “good.” [WSJ Law Blog]
* NYU Law School is changing its third-year program in the hopes of making a “good” market materialize. If you ship students to foreign countries for class, maybe they’ll get jobs there. [DealBook / New York Times]
* “[W]e’re determined to do everything we can to help them find jobs and meaningful careers.” We bet Brooklyn Law’s dean is also determined to avoid more litigation about employment statistics. [New York Law Journal]
* Has the other shoe finally dropped? After the Second Circuit ruled that YSL could sell monochromatic shoes, the fashion house decided to drop its trademark counterclaims against Christian Louboutin. [Businessweek]
I told careful readers six months ago that I would soon be moving to London. I made the move on September 1, and here’s the local news:
Senior partners at major London law firms can’t afford to live!
Well, not quite: But senior partners at many major London law firms can’t afford to live in London itself.
I recently had lunch with — prepare yourself — a senior partner at a major London law firm. When I told him where I was now living, he said that it was nice that my commute would be so short:
“Twenty years ago, the senior partners at most big law firms lived in London. But today, unless you have inherited wealth or bought your home long ago, most senior partners at London firms can’t afford to live anywhere near the City. Partner pay just won’t cover the cost.”
As an expatriate American, this startled me: I’m confident there’s no American city where senior partners at major law firms can’t afford local real estate. But in London, this has the ring of truth to it. From an American’s perspective, everything in London is nauseatingly expensive (or “quite dear,” as the locals so quaintly put it). But the cost of housing goes far beyond “nauseatingly expensive”; it’s eye-poppingly, grab-your-chest-and-drop-to-the-ground, out of sight. It leaves partner pay in the dust. Here’s what I mean . . . .
Finding a decent apartment in New York City can be a challenge. But compared to getting Claus von Bülow and O.J. Simpson off the hook — or, for that matter, shaping the brilliant minds of Harvard Law School students — it’s a walk in Central Park.
Alan Dershowitz — distinguished public intellectual, celebrated criminal defense and civil liberties lawyer, and Felix Frankfurter Professor of Law at Harvard — just purchased an apartment in NYC. It’s a homecoming of sorts for Dershowitz, 74. Although he has lived for years in Cambridge, the home of HLS, he was born in the Big Apple.
Dershowitz was born in Brooklyn, but the prominent professor isn’t going back to the borough that GQ dubbed “the coolest city on the planet.” Instead, he’s moving to Manhattan. (C’mon, do you think Dersh put up with thousands of HLS brats over the years so he could wind up right back where he started?)
Which neighborhood is Dershowitz moving to? How fabulous is his apartment? How much did he pay for it? We have answers to all of these questions, plus comments from the good professor about his move….
But not all personal injury firms are created equal. For the Law Firm of Gary, Williams, Lewis, and Watson, P.I., “low-budget” is a concept that just doesn’t exist. To the contrary, the firm wants to make it clear just how baller the life of a private injury attorney can be.
Dubbing himself “The Giant Killer,” the firm’s larger-than-life head partner, Willie E. Gary, never misses an opportunity to make his wealth and success known. Touting hundred-million-dollar verdicts and rubbing elbows with celebrities, Gary is on a one-man mission to prove that chasing ambulances is much easier when you’re driving a Bentley….
Being an associate at a large law firm isn’t easy. Partners can be extremely demanding, sometimes unreasonably so. But because the partners sign the paychecks, most associates, especially associates with student loans hanging over them, have no choice but to obey. The associate’s fantasy of telling his least favorite partner to take this job and shove it is just that — a fantasy.
But not for every associate. Some associates are so wealthy that working in Biglaw is just something they do for fun. In today’s Lawyerly Lairs, we introduce you to an associate whose new apartment puts many a partner pad to shame….
* And Professor Josh Blackman has some ideas about the identity of the conservative professor discussed in the controversial emails. [Josh Blackman's Blog]
* Villanova hired ESPN’s Andrew Brandt to be the director of the school’s Center for Sports Law. Students would probably be more excited if this meant ESPN was interested in hiring them. [SB Nation Philly]
* Sumner Redstone of Viacom just donated $18 million to Boston University Law. Quick, Boston College, hurry up and find an old rich guy to make a multi-million dollar donation to your school! [Hollywood Reporter]
* Reality TV hottie Reichen Lehmkuhl, perhaps better known for being Lance Bass’s ex-boyfriend, reports that he’s going to law school. He should be required to attend class without his shirt on. [Instinct Magazine]
* The Pennsylvania Supreme Court will hear arguments today over the state’s voter ID law. But at this point, who cares? Come on, Election 2012 is probably going to be decided by a court anyway. [Bloomberg]
* Sedgwick’s New York office is relocating to Two World Financial Center. This won’t be just any office; no, it’ll be an “office of the future.” They don’t need roads where they’ll be reviewing documents. [Real Estate Weekly]
* Paul Bergrin, the Baddest Lawyer in the History of Jersey, will be tried on all 26 counts in his racketeering case in one fell swoop. Not to worry, because this badass thinks he’s going to be acquitted. [The Record]
* This year’s summer associates didn’t want to be wined and dined. They wanted to be put to work, because “[m]andatory social events can be physically and mentally taxing.” Aww, boohoo, social skills sure are tough. /sadface [Am Law Daily]
* Another day, another law school lawsuit tossed out: Team Strauss/Anziska’s case against DePaul Law was dismissed because it’s pretty hard to blame a law school for the effects of a bad economy. [WSJ Law Blog]
* Anna Gristina, the alleged Millionaire Madam, vowed that she’d never spill the beans on a mystery man from her little black book. Could it be the “prominent Manhattan lawyer” mentioned earlier? [New York Daily News]
Today we have news of another lawyer leaving the Chicago office of Sidley. But this departure reads more like a mystery novel than a memoir. Let’s find out who’s leaving, even if we don’t yet know why….
Watch to find out what some of our subscribers received in their May box!
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We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at firstname.lastname@example.org in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
The last time I flapped my wings your way, I tried to make at least enough noise about your mobile phone to make you more than a little bit uncomfortable. I hope I did. If enough of us become anxious enough about the known and unknown unknowns and knowns in our mobile phones, then we can start making wise decisions about how to manage that information and its resultant investigations.
Today, I’d like to put a finer point on the last installment’s topic by asking a question that seemed to catch most attendees off-guard at a conference panel that I moderated last week: is there discoverable personal information in a mobile app? Our panelists’ answer was a uniform “yes” with one stating that, if he had to choose only one type of data that he could discover from a mobile phone, he’d choose app data. Why? Because there’s simply so much of it and because almost all of it is objective – not just user-created like an email – but machine-tracked like GPS, usage duration, log in and log out times, browsed web addresses, browsed actual addresses. Also, most of us seem to have the idea that data doesn’t actually “stick” to our mobile devices the way it “sticks” to our hard drives. Maybe there’s a disconnect based on the fact that our phones are mobile so we assume the data is mobile to?
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