* Billable hours in Biglaw are down 1.5 percent, and 15 percent of U.S. firms are planning to reduce their partnership ranks in early 2013. Thanks to Wells Fargo for bringing us the news of all this holiday cheer! [Thomson Reuters News & Insight]
* Hostess may be winding down its business and liquidating its assets, but Biglaw will always be there to clean up the crumbs. Jones Day, Venable, and Stinson Morrison Hecker obviously think money tastes better than Twinkies. [Am Law Daily]
* How’s that “don’t be evil” thing working out for you? Google’s $22.5M proposed privacy settlement with the FTC over tracking cookies planted on Safari browsers was accepted by a federal judge. [Bloomberg]
* Perhaps the third time will be the charm: ex-Mayer Brown partner Joseph Collins was convicted, again, for helping Refco steal more than $2B from investors by concealing the company’s fraud. [New York Law Journal]
* H. Warren Knight, founder of alternative dispute resolution company JAMS, RIP. [National Law Journal]
* Joe Amendola has filed a motion to dismiss the child sex abuse charges against his client, Jerry Sandusky. And if he actually thinks that’s going to happen, then he definitely needs to call 1-800-REALITY. [Associated Press]
* @AllenStanford’s motion for a #newtrial has been denied. The Ponzi schemer’s “conviction by journo tweet” argument has failed. Major props to Judge David Hittner for issuing a ruling in less than 140 characters. [Bloomberg]
* Everyone’s obsessed with the U.S. News law school rankings, but here’s a ranking that people should actually be paying attention to: the law schools that lead to the most debt. [The Short List / U.S. News and World Report]
* St. John’s Law is planning to launch two new LL.M. programs, neither of which is in tax. This is newsworthy because people will apply anyway, and then bitch about the “value” of their degree. [National Law Journal]
* John Payton, President and Director-Counsel of the NAACP Legal Defense Fund, RIP. [NAACP LDF]
* Here’s a reason why Proskauer Rose and Chadbourne & Parke might skip out on spring bonuses this year: millions of dollars worth of blowback from Allen Stanford’s Ponzi scheme. [Thomson Reuters News & Insight]
* And speaking of spring bonuses, a lot of people noticed that Sullivan & Cromwell seems to have misled associates. “Just because it hasn’t happened yet, doesn’t mean it won’t.” Yeah, right. [Am Law Daily]
* Next up in the war on women: a senator from Idaho thinks that women are such strumpets that they might be lying their way into abortions by claiming rape. Because that’s not incredibly insensitive. [Washington Post]
* Apparently George Zimmerman, the man accused of fatally shooting a boy armed with a pack of Skittles, wanted to become a police officer. Looks like it’s time to kiss that dream goodbye. [Los Angeles Times]
* Give me your lunch money, kid! Teachers aren’t supposed to be bullying students, but that’s what one Baltimore mother is alleging in a $200K lawsuit against the city’s school board. [New York Daily News]
* In the Barry Bonds trial, an expert on steroids described how the government injected a bunch of baboons with the drug Bonds is accused of using. I, for one, welcome our new baboon overlords. [ESPN]
* Some Amish in Kentucky are fighting a regulation that requires reflective safety triangles on their buggies. Say they’d rather get Munsoned out in the middle of nowhere than use those things. [Louisville Courier-Journal]
* A lawyer in Illinois faces possible jail time for letting her detained client use her cell phone. At least she’ll get bars now. HIYOOOO! [ABA Journal]
* The FBI has instructed agents to to hold off on Miranda warnings when interrogating “operational terrorists” about immediate threats. These threats include suitcase bombs, sex bombs, nude bombs, and La Bamba. The Los Lobos version. [New York Times]
* Law firms are whetting wetting their collective beak on drug deals. But drugs is a dirty business. It makes, it doesn’t make any difference to me what a man does for a living, understand. But your business is, uh, a little dangerous. [Am Law Daily]
* Arizona is like that racist uncle who won’t shut up about immigrants and refuses to leave even after peeing in the corner of your mom’s dining room. Don’t act like your family is better than mine. [Arizona Republic]
* So this kid dumped a piano onto a sandbar off the coast of South Florida, all for a college application. The art school equivalent of a 180. [New York Times]
* A Russian man is accused of posing as an immigration lawyer and stealing hundreds of thousands of dollars from fellow countrymen. Police say they knew he was lying when he began doing bizarre, and ridiculously obvious, things with Oreos. [Sun-Sentinel]
* You know how I know President Obama’s latest nominee to the S.D.N.Y, J. Paul Oetken, is gay? Because this article says so. Bonus: Lat quotes! [Poliglot / Metro Weekly]
* “Top Chef host Padma Lakshmi is treating her baby’s dad like a bottom feeder.” [New York Post]
* Allen “The Ponz” Stanford was found incompetent to stand trial. Aaaaaayyyyyy *thumbs* [Reuters]
* Before the rampage, Jared Lee Loughner performed internet searches on famous assassins, the death penalty, solitary confinement, and law firm bonuses. I think that’s right. [New York Times]
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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.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!