We at Kinney Recruiting have a long standing relationship with the Chinese Business Lawyers Association and have placed in HK / China many of their members, including past officers and board of directors members. The CBLA will be having their busiest calendar to date in 2013, with many events being planned (Kinney’s Evan Jowers, will be at many of these events, including on various discussion panels).
Please note that CBLA will be holding an informative and interesting seminar on Monday, January 28 at Fordham Law School -”Deals and Suits: Challenges and Opportunities for Chinese Companies Doing Business in the United States,” jointly presented by CBLA and Fordham Law School at McNally Amphitheatre of Fordham Law School on Monday, January 28, 2013 at 6 p.m.-8 p.m.
The program includes two parts: Suits: Litigation Challenges Facing Chinese Companies in the United States
• Moderator: Professor Carl Minzner
• Long Arm Jurisdiction, The Honorable Denny Chin
• Client-Related Issues, Geoffrey Sant and Lanier Saperstein
• Intellectual Property Litigation, Professor Mark Cohen
Deals: Mergers, Acquisitions, and Capital Markets
• Moderator: Professor Sean Griffith
• The Chinese Firm Perspective, Alex Hao
• The U.S. Firm Perspective, Selig Sacks
• The Investment Banker Perspective, Euan Rellie
Check-in starts at 5:30 p.m. Reception will be held at Fordham Law Platt Atrium at 8:00-9:00 p.m.
Admission is free for CBLA Members and Friends with prior registration. Due to limited seating, please RSVP to [email protected] at your earliest convenience.
Ed. note: The Asia Chronicles column is authored by Evan Jowers and Robert Kinney of Kinney Recruiting. Kinney has made more placements of U.S. associates and partners in Asia than any other firm in each of the past six years. You can reach them by email: [email protected]
The US associate lateral hiring market in Asia for US and UK firms is in a severe down cycle, at least when compared to recent boom hiring periods (mid ’06 – mid ’08; mid ’10 to mid ’11). The bulk of the US associate hiring in Asia since ’05 at top firms has been in cap markets, especially in HK / China in china focused cap markets. This year lateral hiring in cap markets in HK / China has been extremely slow, for two obvious reasons: a) Many IPOs US cap markets groups have been working on in HK / China are on hold; and b) there was much more than usual lateral hiring in this practice area from late ’10 to mid ’11 (right before the slow down in IPOs). Most top US cap markets groups in HK / China are over staffed at present and a number of US firms have US associate hiring on hold in Asia in all practice groups because of this. With that said, we have recently made a few US cap markets placements in Hong Kong, but this is weak hiring area right now, so weak that some very impressive native Chinese US cap markets associates from top 10 US firms are having a hard time getting interviews, much less offers (and for most of the past 7 years in HK / China, this US associate background has been in very high demand, with such candidates usually having their choice of multiple offers quickly after starting a job search). When the market rebounds, hopefully in ’13, US cap markets associate hiring in Asia will bounce back strong. There are a lot of HK / China related IPOs on hold in and many of those deals will come back to life when the market rebounds, but for now things are very slow in US cap markets in HK / China, with there only being some pockets of cap market strength in Pan Asia (such as Philippines and Indonesia for example).
Coming out of the usual late summer period of hiring partners on holidays and slow interviewing and hiring, we usually get a pop of new openings in September. This year we were not expecting much, considering the market, but we have been pleasantly surprised. It is surely not a strong hiring market at present, but more new openings than to be expected (see below) while the HK / China market is still in a down cycle.
Saudi Basic Industries Corporation (“SABIC”) is one of the world’s leading and most profitable manufacturers of chemicals, fertilizers, plastics and metals. With revenues of almost $50 billion and over 33,000 employees in almost 40 countries, it was estimated by Forbes in 2011 to be the second largest global diversified chemicals company in the world. With significant investments in technology and innovation planned for 2013 and beyond, the company is poised to continue its rapid global expansion. To help support its growth, it is now seeking to recruit a number of high caliber lawyers to join its global legal function which already boasts 100 lawyers worldwide. The roles are based in Riyadh in Saudi Arabia.
If you are planning to get licensed in another state, BARBRI can help you with special pricing for alumni of the BARBRI bar review course. Plus, new to BARBRI is BARBRI AMP, the revolutionary online learning platform! With BARBRI AMP, you’ll study less, learn more and retain that information longer. This summer students who completed all BARBRI AMP assignments scored 13 points higher on BARBRI’s simulated MBE than those who did not use BARBRI AMP. And who couldn’t use more points on the MBE? No other bar review course offers this type of interactive technology!
Plus, with our convenient, online lectures and proven materials you can study on your schedule – anytime, anywhere. Your experience combined with BARBRI’s expertise can make an additional law license a reality this summer. To learn more about BARBRI’s alumni course and special pricing, please contact the BARBRI office for the state in which you are interested in taking the bar exam. Everyone at BARBRI looks forward to helping you pass the bar exam – again.
Getting licensed in another state can help you in your current job, or help you find a new one. Either way BARBRI can help you with special pricing for alumni of the BARBRI bar review course.
With convenient, online lectures and proven materials you can study on your schedule – anytime, anywhere. Your experience combined with BARBRI’s expertise can make a second law license a reality in 2013. To learn more about BARBRI’s alumni course and special pricing, please contact the BARBRI office for the state in which you are interested in taking the bar exam. Everyone at BARBRI looks forward to helping you pass the bar exam – again.
Andres Benach, Thomas Ragland, and Jennifer Cook had built one of the most productive and highly regarded immigration practices in the country. Their focus on complex matters established them at the top of the field, but they felt that finding a platform that would allow them to also handle routine immigration matters, and to build a practice tailored to their particular strengths and ideals, would allow them to take their practice to the next level. Finding a way to capitalize on this opportunity was monetarily important, but more importantly would take their careers in a more rewarding direction.
They decided to launch their own firm, and began to assemble a task list that quickly grew long and unmanageable. Many of the things they hoped to accomplish – putting together a business plan, establishing an IT platform, selecting an HR and benefits program, and engineering a finance and accounting system – were daunting and beyond their comfort zone. They decided to seek some help.
“We didn’t appreciate all that needed to be done before we found NexFirm,” said Andres Benach. “After they constructed a business plan for us and helped us to determine our operational structure, we were able to focus on the things that would make our firm a success.”
Among the points of discussion was a major business model change that would allow them to add to their focus the handling of routine matters. Thomas Ragland explains, “We built a platform that would allow us to service all types of immigration matters, from the straightforward to the highly complex. The genesis of this was a desire to grow our practice; the result has been a better experience for our clients and a more rewarding mission for our attorneys and staff.” Part of this expanded marketing strategy is Lifted Lamp, the immigration law blog created by the partners shortly after their 2012 launch. Lifted Lamp is already a preeminent voice for “DREAMers” on-line, and it is quickly becoming a productive case generation tool. “We wouldn’t have been able to do this as part of a big firm, and it’s one of the great services that Benach Ragland offers. Plus, I love to do it,” explained Andres Benach.
Please note that Chinese Business Lawyers Association is having a seminar on public to private deals on Novmeber 29 at the Mandarin Oriental hotel in Hong Kong. As we mentioned in a recent Asia Chronicles post, there is a big pipeline of these type of deals currently at some US firms in HK / China and thus we are seeing a significant increase in the need by our US firm clients in HK / China for lateral hires with such deal experience. Private Equity practices, in particular, are having a lot of this type of of deal flow.
Kinney Recruiting and the Asia Chronicles have always been a big supporter of the Chinese Business Lawyers Association. We are institutional members of the CBLA and over the years have advised, represented and placed in Asia a large number of attorney members of the organization, including former board members. We support the CBLA because it is a great source of information on the Asia biglaw markets for US associates based in the US who are considering or seeking a lateral move or transfer to Asia. The CBLA also has a presence in Hong Kong and conducts informative seminars and other events there for its members, many of whom are former NYC based associates who joined CBLA while in NYC.
Going Private and Going Dark: Considerations for U.S. Publicly Traded Chinese Companies
Dorsey & Whitney LLP and the Chinese Business Lawyers Association cordially invite you to a seminar on key issues that face U.S. publicly traded Chinese companies that are considering going private or going dark. In light of the challenges many U.S. publicly traded Chinese companies face under the current regulatory and market conditions, an increasing number of Chinese companies are considering leaving the U.S. reporting system by going private or going dark. Going private and going dark are complex processes that involve many business, legal and accounting issues. Restructuring those companies after the completion of a going private transaction also involves tax and corporate issues that require careful planning. An expert panel consisting of senior investment bankers, lawyers and accountants with real case experience will discuss the topic with the audience. Please see the details below and register by November 26, 2012 if you would like to attend.
As our readers and clients know, Kinney Recruiting and the Asia Chronicles have always been a big supporter of the Chinese Business Lawyers Association. We are institutional members of the CBLA and over the years have advised, represented and placed in Asia a large number of attorney members of the organization, including former board members. We support the CBLA because it is a great source of information on the Asia biglaw markets for US associates based in the US who are considering or seeking a lateral move or transfer to Asia.
The CBLA is having a seminar on Wednesday November 14 that deals with U.S. publicly traded Chinese companies going private. This is a very relevant topic in today’s market, as there is currently a large pipeline of such public to private deals at Private Equity downstream practices of U.S. firms in Hong Kong / China. While the deal flow in the HK / China markets at U.S. firms has been significantly down over the past 15 months, Private Equity practices have been relatively busy, with M&A deals as usual, but also recently very busy with public to private deals. In fact, some of our firm clients in Hong Kong are currently seeking US associate lateral hires with such experience.
During Evan Jowers and Robert Kinney’s most recent visit to Hong Kong, for a few weeks in September, they met with a number of US senior partners of top PE transactional practices and in each case the discussion included the significant pipeline of public to private deals (thought to be a two year pipeline). Part of these discussions on public to private deals dealt with the nice career benefits to mid-level PE associates who have the good fortune to work on such complex deals during this time in their careers. Two partners told us that their having these deals to work on as mid-level associates years ago was a significant fortunate break in their career development.
Clearly, this is a new recruiting trend that we dealing with now and are going to continue to be involved in during ’13 and likely ’14 as well.
Here below are the details on the CBLA event on Wednesday at NYU School of Law. Hope you can make it! Please RSVP by November 9.
Going Private and Going Dark: Considerations for U.S. Publicly Traded Chinese Companies
Dorsey & Whitney LLP and the Chinese Business Lawyers Association cordially invite you to a seminar on U.S. publicly traded Chinese companies that have considered going private or going dark. In light of the challenges many U.S. publicly traded Chinese companies face under the current regulatory and market conditions, an increasing number of Chinese companies are considering leaving the U.S. reporting system by going private or going dark. Going private and going dark are complex processes that involve many business, legal and accounting issues. Restructuring those companies after the completion of a going private transaction also involves tax and corporate issues that require careful planning. An expert panel consisting of senior investment bankers, lawyers and accountants with real case experience will discuss the topic with the audience. Please see the details below and register by November 9, 2012 if you would like to attend.
Clients have said they continue to use Concordance year after year because:
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Best of all, making the switch is fast, simple and hassle-free. In fact, it’s as easy as:
Step 1—Installation and data migration
Step 3—Questions after installing or using
This engaging, irreverent, and most unusual memoir by Trenton attorney John Hartmann puts a human face on dysfunctional Jersey justice. Hartmann’s self-deprecating wit and keen eye for all things absurd and ironic reveal him as an equal-opportunity ridiculer from overbearing lawyers and judges to cocky cops, clueless clients, pretentious politicians, and a raft of hapless dealers, deadbeats, prisoners, and prostitutes. Central to Jacket is the story of Hartmann’s client Nate Smith wrongly identified in a robbery and locked up for a crime he probably didn t commit.
As Hartmann recalls Nate’s case, he dishes out amusing anecdotes, shares Garden State trivia, admits to various personal quirks and shortcomings, and offers a treasure trove of advice on how to start a legal practice, prepare clients for trial, cross-examine witnesses, pick juries, and make prison hooch. Jacket is a must-read for aspiring lawyers, lawbreakers, and Law and Order fans. (And, of course, for all you practicing New Jersey criminal defense attorneys out there.)
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…