As Europeans from the sun-dappled Mediterranean to the icy North Sea brace themselves for doomsday, I thought I’d ignore the wildfire-like turmoil sweeping my continent to write you a sweet little piece about the difference between British and American English.
The hook, as we say in the U.K. media, is the Economist’s recent ‘British Americanisation’ survey. As with most things produced by the Economist, it’s pretty dull, revealing, amongst other things, that some British people have started saying ‘vacation’ instead of ‘holiday’. Others have begun traitorously moving the stress on the word ‘controversy’ from the second to the first syllable. Crazy, eh?! But I know marginally more about linguistics than economics, so I’ll plough on.
Actually, I’m underselling this column. I’ve been wanting to write something ‘you say tomato, I say tomato’ for ages, because British people’s use of Americanisms is highly revealing — about them, about the U.K.’s relationship with America, about the continuing popularity of U.S. T.V. series on these shores….
To qualify as a lawyer in the U.K., you first have to eat 12 dinners. Seriously. OK, it’s only barristers (British trial lawyers) who must meet this requirement. And they have to pass legal exams as well as eat. But the essence of my slightly sensationalised opening sentence is true: no dinners, no qualification.
Here’s what happens: students go to law school in the day, then every month or so go and eat a formal dinner at one of London’s inns of court (ancient clubs for trial lawyers). The medieval ritual has its roots in the pre-law school days when “sons of country gentlemen” from across Britain would come to lodge in the inns, attending lectures, taking part in mock courts, and dining together in the inns’ main halls (Harry Potter-style places that are famous for hosting Shakespeare’s original plays). Certain traditions are still followed, like toasting the Queen and refusing to shake hands with anyone (barristers are historically forbidden from shaking hands each other’s hands). But mainly it’s about getting drunk — on port, the U.K. establishment’s tipple of choice.
Why am I telling you about this? To give you a sense of port’s central role in the education of our young, as a primer for a story about the Oxford University Conservative association accidentally revealing its hate-filled Nazi soul at a recent “port and policy” night….
When Hitler came to power in January 1933, more than half of Berlin’s 3,400 lawyers were of Jewish origin. All of them, alongside the thousands of other Jews practising law throughout the rest of Germany, were forced to re-apply for admission to the national bar. At which point, only German-Jewish lawyers who had qualified before 1914, or who had fought at the front line in the First World War, were granted the right to continue in their profession. And in November 1938, even this select group was banned from practising. Many German-Jewish lawyers would subsequently be murdered in concentration camps. Others managed to flee to the U.S., where some, like the late Coudert Brothers lawyer Ernst Stiefel, eventually re-qualified as U.S. attorneys.
I learnt about Stiefel — who, before being admitted in the States, completed spells as a chauffeur, busboy, and dishwasher in New York, having undergone a period of internment as an “enemy alien” in the U.K. — from an excellent pamphlet produced by the German Federal Bar and the American Bar Association, “Jewish Lawyers in Germany under the Third Reich,” that I happened upon last week in the reception room of the English Law Society’s office in Brussels. I was there to listen to the English legal representative body’s arguments against a proposal for a new single Europe-wide contract law, having spent the first part of the day listening to the E.U.’s arguments in favour of the plan.
At face value, a single European contract law is about exciting as, well, Brussels (imagine an Eiffel Tower-less Paris without the joie de vivre, or a diluted Euro-version of Washington, D.C.)….
When news emerged last week that the Wall Street protests were spreading to London, I dared to dream. Maybe I could inculcate myself among the protesters, I wondered, and persuade their leaders to target a Biglaw firm rather than a bank. Then, I fantasized, having obtained the relevant door-code from one of my disgruntled Biglaw contacts, perhaps I could lead the protesters inside to set up an encampment. At which point, I hallucinated, I’d be able to live-tweet my experiences and, as the only journalist on the scene, become a star.
Disappointingly, it didn’t work out that way. The protesters proved frustratingly unmoved by my suggestions that they target a law firm. Instead, they tried to occupy the square in front of the London Stock Exchange. Prevented from doing so by the police, they ended up milling around the adjoining forecourt of St. Paul’s Cathedral, where their hard-core was diluted by confused tourists. What the New York Times accurately described as “a picnic atmosphere” prevailed, with “people streaming in and out of a nearby Starbucks.”
Even an appearance by Wikileaks founder Julian Assange — who arrived mid-afternoon wearing a Guy Fawkes mask to deliver a sermon on the steps of St. Paul’s — wasn’t enough to kick-start some proper rebellion. Indeed, with his claim that the Occupy Wall Street/London Stock Exchange movement “is not about the destruction of law, but the construction of law,” Assange sounded less like a revolutionary, and more a regulatory expert in the U.K. on a business trip….
Maybe it was the hypnotic effect Pippa Middleton’s ass had on Prince Harry? Or perhaps it was simply that Chelsy Davy didn’t want to marry into the crazy old royal family? Either way, shortly after William and Kate tied the knot in April, Harry and Chelsy split up.
And what did the Zimbabwean blonde bombshell do next? She became a lawyer. Yes, last week the ex-girlfriend of Princess Diana’s youngest son started life as a trainee with top London law firm Allen & Overy.
“Let’s watch Chelsy,” the Sun newspaper crowed on Wednesday, after snapping suit-clad Davy making her way through London’s financial district to the Magic Circle giant’s office. The article, fascinatingly, went on to note that Davy “really was legally blonde.” And that was it. End of story. In fact, according to an A&O press officer I spoke with the other day, Davy starting work at the firm is “no story at all.”
Yesterday was the tenth anniversary of the day a little-known heroin addict called Russell Brand turned up for work dressed as Osama Bin Laden, and was promptly fired by his then-employer, MTV.
After some ensuing years knocking around the lower echelons of British light entertainment, Brand got himself together and landed a role presenting the VMAs — from which he launched himself into mega-stardom when he branded George W. Bush a “retarded cowboy fella.”
Now, you don’t get career paths like that in law. Having said that, I do know of a London Biglaw associate who was once asked to replace his brightly-coloured socks with a more sober pair in advance of an important client meeting, in which he performed impressively.
Please don’t interpret that as a snarky suggestion that all lawyers are boring. As legal market-watchers well know, many attorneys — especially the litigators — are often anything but. They’re just good at hiding the madness. Usually, anyway….
As any law student can tell you, pulling an all-nighter sucks. Biglaw associates, however, have to pull all-nighters quite frequently — and sometimes they’ll have to get by with very little sleep, for multiple nights in a row. As one of our Above the Law editors mentioned to me, a Biglaw all-nighter “is nothing like any other kind of all-nighter [he's] ever experienced.”
So what happens when you’re on your eighth caffeinated beverage of the night and you’re still yawning? You can literally feel the small amount of blood left in your coffee stream getting ready to stage a strike if you don’t catch a few Z’s. As a young lawyer, would you even consider going to sleep? And would your firm approve?
Hell no. Don’t even think about it. You can sleep when you’re dead. But for now, you get a futuristic-looking pod to take a nap in….
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: