We want to hear about your firm’s bonus news, even if it’s old. If we haven’t reported on it yet, we want to know about it. (Use our site search box in the upper-right-hand corner, or scroll through our Associate Bonus Watch archives, to see which announcements we’ve already covered.)
Here’s some old bonus news (literally “last year’s” news). A few weeks ago, Shearman & Sterling announced its bonuses. They essentially matched the Cravath scale, but with the caveat (also issued last year) that they are at least partly “merit-based” — i.e., adjusted up or down based on performance. The S&S bonuses are being paid out on January 14.
Some Shearman associates might be upset by the lack of upward movement on bonuses. But at least one of them probably doesn’t care that much, since he enjoyed other income in 2010.
I’ll take “Lawyers Who Have Appeared on Jeopardy” for $1000, Alex….
Brandy Kuentzel, laid-off K&E lawyer turned reality TV star.
Apologies for this very belated coverage of the season finale of The Apprentice, which aired last week. Alas, no member of Team ATL — not even Marin, our resident reality TV addict — actually watched the show. The final episode was a bit like the proverbial tree falling in the forest without anyone around to hear it.
But it seems numerous ATL readers tuned in, even though ratings for the show are down 75 percent since the premiere season. So here’s a post, triggered by your many email pleas for coverage.
We extend warm congratulations to Brandy Kuentzel, the Chicago Law alumna and laid-off Kirkland & Ellis associate who emerged victorious in the reality TV competition. In the finale, Kuentzel defeated a fellow lawyer, Clint — a 40-year-old SMU Law grad described in his NBC bio as “living off of credit” — for the opportunity to work for Donald Trump.
One Brandy fan gave us some background on her: “She went to University of Chicago, started at Kirkland SF as transactional associate. After she got laid off, she started a mobile truck cupcake business.” (Digression: Why is driving a cupcake truck such a popular fallback option for lawyers? See also Kate Carrara, of Philadelphia, and Lev Ekster, of New York.)
Continued our tipster: “Brandy has an insane background story. She’s from Alaska, and moved out at an early age to self-finance her education, after graduating as valedictorian of her high school. Oh, and she is insanely hot. Google her.”
As you can see from her photo, Brandy is most definitely a hottie. But, interestingly enough, Brandy Kuentzel wasn’t quite as smoking hot back in her law firm days….
This year The Apprentice, a television show in which contestants compete for the privilege of working for Donald Trump, features 16 who are down on their luck, having lost previous jobs or otherwise having to start anew. No fewer than five of them are lawyers.
– from Trouble with the Law, an article about American law school graduates “finding that their chosen career is less lucrative than they had hoped,” in The Economist.
Because the new season brought with it a new cast member who is not only a southern belle, but is also the managing partner of her very own boutique tiny law firm. She describes herself as fabulous, fierce, and beautiful. She’s even been nominated as one of Atlanta’s Top 100 Black Women of Influence for 2010.
Meet Phaedra Parks, a graduate of Wesleyan College, University of Georgia School of Law, and an entertainment Super Lawyer! To listen to Phaedra, you’d think she was a direct descendant of Johnny Cochran. He’s the one who told her to hang out her own shingle — though it’s unclear if Cochran was suffering the effects of his fatal brain tumor when he made this suggestion…
We’ve already titillated you with an interview of one of the Apprentice contestants, former Clifford Chance associate James Weir. Now we’ll get our first look at the rest of the contestants on tonight’s premiere of The Apprentice, which this season is built around a recession theme (and stocked with a number of layoff victims, including laid-off lawyers).
Click on the liveblog below to experience the glory and majesty of Donald Trump, Donald Trump’s hair, and the recession-aided desperation of strangers.
The new season of The Apprentice: Recession Edition premieres tomorrow night on NBC, and if you weren’t planning on watching it because it’s the 87th season and nobody cares, you just might want to reverse course. No fewer than five unemployed lawyers — cupcake-wielding Brandy, ex-beauty queen Nicole, fashion-obsessed Mahsa, old person Clint, and Prince Harry-lookalikeJames — are competing to be Donald Trump’s main minion this season. Above the Law scored an advance interview with one of them.
James Weir, 31, was a second-year litigator in Clifford Chance’s New York office before getting laid off because of the economy back in October 2008. Unable to find work, this Duke undergrad and ’06 Georgetown Law grad became a “couch surfer” (according to his Apprentice bio), brazenly unafraid of bedbugs (I asked), who spent his time applying for jobs, watching a lot of Netflix Instantly Viewable, and learning to stain furniture (presumably on purpose).
In our brief interview, James reveals ATL’s role in his casting (!!), shares the two things he wishes he said on air, and tells us what his mom really thinks about all of this…
Ed. note: Welcome to ATL’s new column, Fame Brief. Since Kash has left the building, Marin, ATL’s other lady-in-waiting, will be picking up her celebrity beat and filling you in on the latest celebrity legal shenanigans. Before you fall over yourself to post an annoying comment about how this blog be sinking or how nobody cares about celebrities, consider that our celebrity posts are some of the most popular ones on here. So SOMEBODY out there cares about celebrities….
When I got my first credit card, my dad was afraid I’d go hog wild and buy a suit of armor, sconces, breast implants, decorative fireplace accessories, a foosball table, IVF treatments, a boat and a monstrous “Tuscan villa” McMansion in Towaco, NJ. But at least I’m making payments on these purchases, unlike Joe and Teresa Giudice of the Real Housewives of New Jersey, who filed for Chapter 7 back in October 2009….
Earlier this week, we told you to look out for a former Clifford Chance associate — Georgetown Law grad James Weir — on the upcoming recession-inspired edition of “The Apprentice.” We lamented that Donald Trump was providing work to only one unemployed lawyer.
Shortly thereafter, we found out that the Donald had in fact been more gracious than that to the legal profession. He has given work to at least two down-and-out legal eagles. A tipster wrote:
Saw your post about the former Clifford Chance attorney who was cast for this upcoming season of the Apprentice and wanted to let you know there is also a recent Brooklyn Law grad named Mahsa Saiedi-Azcuy on the show. She graduated in 2009 and was actually hired by the Brooklyn DA, uncertain as to her current employment status though.
We look forward to this match-up: Woman vs. Man. Brooklyn Law vs. Georgetown Law. DA’s Office vs. Biglaw.
Donald Trump knows what it is to be down but not out. We’ve lost track of how many times he’s filed for bankruptcy. But he is a phoenix, who always arises from the Chapter 11 ashes, his flaming reddish hair unruffled.
Now Trump wants to offer the same opportunity to other high-flyers who were knocked down by the recession. The upcoming season of “The Apprentice” has a cast of those left jobless in the recent economic collapse.
When they were casting for the show, the producers reached out to Above the Law in the hopes of nailing down a laid-off lawyer for the cast.
The show was taped this summer. And it appears they found themselves a shiny, new laid-off legal eagle (UPDATE on July 23: Two of them, actually.) The producers haven’t released the official cast list yet, but our tipsters recognized one of the contestants in an ad plugging the show (via Popwatch):
So who is the lawyer, and what does his résumé look like?
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 seven years. You can reach them by email: email@example.com.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at firstname.lastname@example.org or email@example.com. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!