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….
* It seems that the good people at Chadbourne & Parke won’t wind up homeless after all — or maybe they will. The firm is taking over Dewey’s old digs at 1301 Avenue of the Americas. How ominous! [Reuters]
* The Fifth Circuit gave Texas a stay on a decision that blocked enforcement of the state’s third-party voter registration law. Well, on the bright side, at least the Lone Star state isn’t getting its ass completely kicked in the courts this election season. [Bloomberg]
* While Jerry Sandusky awaits his sentencing on 45 counts of child sexual abuse, his attorney Joe Amendola is contemplating grounds for an appeal. Seriously? It seems to be time for yet another 1-800-REALITY check, my friend. [Centre Daily Times]
* Remember the Texas family law judge who got caught beating his daughter in a viral video? An ethics panel issued him a “public warning” as punishment — he didn’t even get a reprimand. Sigh. [Houston Chronicle]
* The DOJ has asked for permission to intervene in a class-action suit against LSAC that alleges an epic fail on organization’s part when it comes to accommodating LSAT exam takers with disabilities. [WSJ Law Blog]
* Bucky Askew, a former adviser to the ABA Section of Legal Education and Admissions to the Bar, has moved on to bigger and better things. He’s now a trustee of the National Conference of Bar Examiners. [ABA Journal]
So you spent a considerable amount of time courting, selling and maybe even doing some friendly stalking of that attractive lateral partner candidate with a sizable book. After he or she ignored your emails and didn’t return your calls, a few weeks go by and you read a press release in the legal media announcing the recent move to a competing firm.
Rats. Another one got away from you. You cringe when you consider how much time was spent in meetings that did not bear fruit. Your heart aches when recall how you were led to believe this was a marriage made in heaven.
You have been rejected.
The sting of rejection is painful, even for fancy law firms. But you need to find a way that you can turn this disappointment into a legitimate learning experience.
No, this isn’t a pre-party before we come back next fall for the real thing. This IS the real thing. Quinn Emanuel is pushing the envelope on recruiting. The party is now. This is when you meet the partners and associates face to face. This is when we begin the dance that could land you an offer for your second summer BEFORE school starts in the fall.
First: You come to the party. Second: If you like us, you send your resume after June 1, 2014. Third: If we like each other, you get an offer.
We’re not waiting for fall. We’re not doing the twenty minute thing. This party is the real thing!
We hope you’ll join us, and look forward to meeting you.
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 (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), 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.
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