According to vast anecdotal evidence, deep in the heart of many or most bored and frustrated Biglaw midlevels lies the dream of someday landing a plum in-house gig. The kind of job which offers reasonable and predictable hours and a decent (albeit smaller) paycheck. The kind of job where “billable hours” are someone else’s problem and there’s only one client to report to.
Going in-house is also an opportunity to become a stakeholder in a business, rather than just a “hired gun” advisor. Living that dream is our very own Inside Straight columnist Mark Herrmann, VP and Chief Litigation Counsel of Aon plc, the world’s largest insurance broker. Mark is also a former partner at Jones Day, and the author of The Curmudgeon’s Guide to Practicing Law (affiliate link). There are few with a broader perspective and deeper insight into the practice of law both in both firm and in-house contexts.
On June 12th, Above the Law will be hosting a cocktail reception at an undisclosed location in Chicago where Mark will be our guest of honor. Staci Zaretsky will be playing the role of James Lipton, and will conduct an interview with Mark to kick off the evening. Afterwards, drinking. We would like to crowdsource at least a portion of Staci’s interview with Mark, so after the jump, please leave a question for Mark in comments. We’ll select the best ones and Staci will pose them to Mark on June 12th….
Here’s proof that I view my readers at ATL as family: In this post, I’m going to share with you the results of my recently concluded 360-degree performance review and tell you how I plan to improve my personal job performance. (That may not be quite as sexy as pictures of naked judges, but you must admit that I’m making terribly personal information awfully public.)
I’d never been through a 360-degree review before. As part of the process, I completed a self-evaluation, so we could see whether my self-perception matched how the world perceives me. In addition to my self-rating, I received anonymous feedback from (1) the person to whom I report (who was classified as a “peer,” so that his responses would remain anonymous), (2) five other “peers,” or people who hold jobs equivalent to mine in the company and who work with me occasionally, and (3) seven “direct reports,” or folks who report up to me through the ranks. The human resources guy who discussed the review with me did a very nice job; he knows a fair amount about performance evaluations. (Aon is not just the world’s leading provider of insurance and reinsurance brokerage, but also the leading provider of human capital consulting. This means that (1) at long last, Aon finally just got some free publicity out of my having written this column for almost a year, and (2) we have many colleagues at Aon who do human resources consulting for a living, so they’re slightly better at delivering the results of reviews than the kid down the block or the head of your practice group at your law firm.)
What did I learn from the results of my 360-degree review?
Some time ago, we solicited applications for a new position here at Above the Law: a columnist to cover the world of in-house counsel. We received many outstanding applications, and we thank everyone who applied for their interest.
Today we are pleased to announce the launch of the new column, entitled Inside Straight (for the poker aficionados among you). As its name suggests, the column will cover the world of corporate counsel with all of the candor and insight that you’ve come to expect from ATL.
Our columnist — a former law firm partner, current in-house lawyer, and author of a well-received book on legal practice — should be familiar to longtime followers of the world of legal blogging….
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: