‘Who needs a bonus? We have these nifty red hats!’
The holiday season is upon us, and yet again, you have no idea what to get for the fickle lawyer in your life. We’re here to help. Even if your bonus check hasn’t arrived yet, any one of the gifts we’ve highlighted here could be a worthy substitute until your employer decides to make it rain.
We’ve got an eclectic selection for you to choose from, so settle in by that stack of documents yet to be reviewed and dig in….
You’re young; you’re strong; you’re a fighter. You dream of big money, shorter hours, real courtroom experience, and the feeling of lifetime membership in an elite group. Either you want to be a Biglaw partner or a member of the street gang MS-13.
In researching my latest legal thriller, SPEAK OF THE DEVIL, I couldn’t help but notice the similarities between the world’s most dangerous gang and the world’s most prestigious law firms. Here’s a comparative analysis of the riches that lure kids in, the perks that make them stay, and the organizational structure that makes it almost impossible to quit.
Now, I know your firm’s litigation department just won some National Law Journal award for the take-no-prisoners style in which it litigates even the most trivial of civil discovery disputes. But National Geographic calls MS-13 “the world’s most dangerous gang,” and this gang really takes no prisoners — its preferred method of alternative dispute resolution is to cut off someone’s head. This is no West-Side Story Sharks and Jets. MS-13’s motto is “Kill, Rape, Control.”
Yet both the street gang and the law firm can be a young person’s path to power, money, and prestige in this world….
Ed. note: Lat here. This post is by lawyer turned novelist Allison Leotta, whom I previously profiled. I recently read Leotta’s newest book, Discretion, which I highly recommend. Not only is it a gripping thriller, but it’s legally realistic too, reflecting Leotta’s experience as a federal prosecutor and her research into the escort business.
As a former sex-crimes prosecutor who just wrote a novel about the escort business, I keep getting the same question from my Biglaw buddies: “I already feel like a high-end prostitute. Shouldn’t I get paid like one?”
It’s an old saw that lawyers are already prostitutes. Face it, we care deeply for our clients because we’re paid to care about them. If we’re good, we start by convincing ourselves that the side of the legal dispute we more or less randomly ended up on happens to be the right side. You think a hooker’s job is that different? Forget it. The infamous D.C. Madam — an inspiration for my latest book, Discretion (affiliate link) — was a woman who dropped out of law school and opened an escort agency.
You’re good-looking, you like people, you know how to bill by the hour — you could totally do this. But is being a high-class escort really a better job than the one you’ve got now? The answer will be familiar to every memo-writing associate: It depends. Before you go trading in those Christian Louboutins for five-inch-stilettos, check out these side-to-side comparisons of the trades….
Now that you’ve figured out what to give your secretary this holiday season, what about the lawyers in your life? Many of you have friends or family members who are lawyers or law students, and if you haven’t done so already, you need to get them — forgive the expression — Christmas presents (or holiday gifts, if you prefer).
Lawyerly types can be tough to shop for. As we’ve previously discussed, lawyers aren’t great about giving gratitude, and they’re often very critical — so your gifts might not be warmly received. Also, many lawyers earn good incomes, meaning that when they actually need or want something, they often just go out and buy it themselves (or let their firm to buy it for them — e.g., the iPad).
So what should you get for the lawyers in your life this holiday season? We have some suggestions….
This Law of Attraction is a novel by Allison Leotta, a federal prosecutor in Washington, D.C. It’s a fun, fast-paced read; I could hardly put it down, finishing it in two sittings. I concur with the blurb by Harvard law professor and criminal defense attorney Alan Dershowitz: “I loved this novel. Law of Attraction is realistic, gritty, and filled with twists and turns. Allison Leotta’s female lawyer character is compelling and engaging. This is a great read for anyone who loves legal thrillers, cares about domestic violence, or wonders how lawyers can live with themselves.”
(Disclosure: I also enjoyed Law of Attraction because it contains an Above the Law cameo. After the protagonist, assistant U.S. attorney Anna Curtis, gets in trouble, her misadventures wind up on ATL (pp. 217-18). The novel even contains fictionalized comments from the peanut gallery of Above the Law commenters — which are hilarious.)
I spoke with Leotta recently, while she was in New York to meet with her agent and do a book reading. We discussed such subjects as why, and how, she wrote her novel; the Department of Justice review process for the book; how she juggles her day job as a prosecutor, her writing career, and being the mother to two kids; and her advice to lawyers who want to become writers.
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: