Dewey & LeBoeuf's sign at 1301 Avenue of the Americas. (Photo by David Lat. Feel free to use.)
“Our catering service requires a credit card; client matter numbers no longer accepted. Seamless food ordering requires a credit card or a corporate card.”
“It’s not clear that we still have health insurance.”
“Dewey has cut off subscriptions, and expenses are no longer being reimbursed.”
“Everyone is pretty much packing up. Bankers boxes are on backorder in supplies.”
“Dewey is quietly removing the art from the walls. Perhaps it belongs to the creditors?”
These are some of the sad stories we’re hearing out of Dewey & LeBoeuf today. Let’s discuss the latest news and rumor coming out of the deeply troubled law firm….
Multiple UPDATES and new links, after the jump (at the very end of this post). The Dewey story is moving so quickly that we will do multiple updates to our existing posts instead of writing a new post every time there’s a little additional news to report. Otherwise half of the stories on our front page would be about Dewey, and there is other Biglaw news to report — e.g., the new profit-per-partner rankings from Am Law, salacious lawsuits against prominent D.C. law firms, etc.
* It’s hard to get a mortgage if you have a lot of student debt, even if you make a lot of money. Who needs a house anyway? Your advanced degree will keep you warm. [BusinessWeek]
* A civil trial over BP’s Gulf Oil spill was supposed to start today, but it was postponed at the last minute. Is it just me or does it smell like settlement in here? [New York Times]
* As if anyone needed another reason to never take a Carnival Cruise…. [CNN]
* The Catholic Church just couldn’t handle sharing its ignominious spotlight with Penn State any longer. Attorneys allege that the late Cardinal Anthony Bevilacqua, former Archbishop of Philadelphia, destroyed a list of 35 active priests accused of child sexual abuse. [Washington Post]
* Some movie with no sound, color, explosions, or giant robots won a bunch of Academy Awards last night. I can’t say I care too much. Here’s a rundown of some classic cine con lawyers instead. [ABA Journal]
Lawyers, have you been looking for a unique way to do some self-branding? Of course, we don’t mean that you should literally brand yourself, but this Mexican lawyer did just that. She turned herself into a walking piece of art, and is now known as the “Vampire Woman” by her colleagues in the tattoo and body modification industry.
We know what you must be thinking: “Aren’t female vampires supposed to be sexy?” That might be the case on True Blood, but we’re not so sure about this girl. They say that beauty is in the eye of the beholder, but the Vampire Woman’s look makes us wonder whether she’s capable of keeping clients from running out of her office screaming. Don’t believe us? See for yourself….
* Prop 8 proponents have standing. So, I guess the Ninth Circuit will now be looking at the merits of bigotry? [MetroWeekly]
* Five ways to get your clients to pay you faster. How did “breaking kneecaps” not make the list? [Open Forum]
* Ethics for cops. Not that I agree with her, but if my police force is reading Ayn Rand I’d be happy. Reading for cops > more shooting practice for cops. [Blue for Justice]
* As opposed to figuring out whether or not IMDB should have posted her age, I think this pissed off actress should be speaking out against the double standard that says women age like vinegar while men age like wine — wine that needs a special pill to pop its cork as it gets older. [Not So Private Parts / Forbes]
* We’re still trying to figure out which works of art the Nazis stole from whom and what is to be done about it. Every now and again, it’s important to step back and remember there are the Nazis, and then there’s everyone else. [ArtNews]
* If he keeps this up, Kunta Kinte is going to have to shove the Reading Rainbow right up Herman Cain’s ass to remind him of the hundreds of years leaders fought and died so that black people were allowed to read. [Hufffington Post]
When I signed on to write full-time for Above the Law, I thought that I might be able to make some of our readers and commenters see the sunnier side of things at lower-ranked law schools. I had a very positive experience, and I don’t have very many regrets about the school I chose to attend.
But sometimes lower-ranked law schools do things that make even me cringe.
We spend a lot of time with soon-to-be-unemployed 3Ls who are looking for some way to express their dissatisfaction with their law school and the career services they received. When people pay or borrow over $100K for three years of legal education and their employment future still comes down to how they perform during McDonald’s supersized hiring day, it makes people bitter.
Recently, UVA Law students have been putting in requests to be named Kings of the Bitters. We understand that their T-shirt based protests continue (can a brother get a link to buy a shirt?). We don’t know how effective they’ve been at steering 0Ls away from UVA Law, but then again, it seems like the only thing that effectively impacts 0L decision making is more paperwork.
Once you get to law school, you realize that the important pieces of paper are the ones you get in the mail informing you whether or not you have a job. But many UVA Law students are receiving thin rejection letters. One student pushed all of his rejection papers together into perhaps the most creative display of student dissatisfaction we’ve seen during the recession.
The 3L has taken the marble facade off of one top law school, exposing the sad reality lying underneath…
Associates are under a lot of pressure these days. But we applaud those junior lawyers who respond to the current demands with initiative and creativity. We found just such an associate in Toronto.
The man’s problems seem trivial to the outside world. His office is crappy. He needs an upgrade, but not because he wants to feel like he’s some hotshot. He just knows that he has to look like a hotshot in order to generate business. This is how he explains it on a Craigslist post:
I work in a large Bay Street law firm. Many of my partners and clients have extensive collections of original artwork. As a struggling associate with a mortgage, no job security and a wife with a penchant for running into things with our car, I cannot afford to buy original artwork myself, so I appear low-rent to the higher-ups. Given the high standards of my clients and partners, I also cannot go out and buy prints or copies of original art – I will be laughed into the unemployment line.
A lot of associates would have noted the problem and left it at that. Maybe they would have gone home crying to their mothers about life’s unfairness. But not this kid…
Christopher Boutlier, male model turned interior designer.
Over the long weekend, the Washington Post magazine treated us to a delicious inside look at the gorgeous home of Christopher Boutlier, an interior designer, and his partner, Aaron Flynn — a lawyer. Flynn practices environmental and administrative law in the D.C. office of Hunton & Williams.
Flynn may be a mere associate, but he lives like a partner: he resides in D.C.’s desirable Dupont Circle neighborhood, in an 1,110-square-foot condominium; he has an art collection; and he sleeps with a model. (The fine-featured Boutlier was a model before becoming an interior decorator.)
Professor Joel P. Trachtman (JD Harvard Law School) has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!
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: firstname.lastname@example.org.
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!