Biglaw

Ed. note: This is the latest installment in a series of posts on lateral partner moves from Lateral Link’s team of expert contributors. Abby Gordon is a Director with Lateral Link’s New York office. Abby works with attorney candidates on law firm and in-house searches, primarily in New York, Boston, and Europe. Prior to joining Lateral Link, Abby spent seven years as a corporate associate with Cleary Gottlieb, focusing on capital markets transactions for Latin American clients in New York and for the last five years for European clients in Paris. A native of Boston, Abby holds a J.D., cum laude, from Georgetown University Law Center and a B.A. in government and romance languages, magna cum laude, from Dartmouth College. Abby also worked with the International Rescue Committee as a Fulbright Scholar in Madrid, Spain. She is a member of the New York Bar and is fluent in French and Spanish (and dabbles in Portuguese and Italian).

In the first part of this series, I discussed picking the right practice area and picking the right firm to optimize your opportunities for working overseas.

In this second part of the series, I will touch on the importance of language skills for various regions and practice areas. I will then discuss the potential downsides and sacrifices involved in working overseas for a portion of your career. Finally, I will talk about what you can be doing now to best position yourself for a move overseas….

double red triangle arrows Continue reading “Planning For A Legal Career Overseas (Part II): Language Skills, Caveats, And What You Can Be Doing Now”

The indictment of Zachary Warren is troubling for a lot of lawyers because, well, he seems like one of us. His post-Dewey path to a great law school, two cool clerkships, and an offer from a great law firm, is something we, as lawyers, can identify with.

What’s most frustrating about Zachary Warren’s situation is that it looks like he was charged largely because he decided to talk to law enforcement without hiring a lawyer first.

Most of us would like to think that, as lawyers, we’re smart enough to make the right legal moves if we’re in a place where we need to. Yet Warren talked to law enforcement, when most of us know that’s the wrong move (and, if you don’t know that’s the wrong move, there’s a short video on my firm’s webpage explaining how we look at it). What’s up with that?

As Lat mentioned earlier this week, there’s a dispute about what happened. Some of Warren’s friends say he was essentially duped about his status or the nature of the interview he participated in. The Manhattan D.A. has pushed back, through spokeswoman Erin Duggan Kramer: “The facts [in this New York Times piece] are incorrect. The claim that an attorney with a federal clerkship could have any misunderstanding of what it means to speak with and agree to meet with the D.A.’s office is preposterous.”

Kramer’s point makes seems intuitively compelling. Why would a smart lawyer talk?

double red triangle arrows Continue reading “Why Did Zachary Warren Talk To Law Enforcement?”

Rachel Canning

* If Justice Ruth Bader Ginsburg ever decides to step down from the Supreme Court (don’t worry, fans, she won’t), perhaps one of these relatively good-looking, relatively young lawyers will be able to step in. [Daily Comment / New Yorker]

* Dewey know who the seven secret tipsters are in the case against D&L? Nope, their pleas are sealed, and it’s “not the typical process.” In fact, it’s “highly unusual.” Guess we’ll find out eventually. [DealBook / New York Times]

* An ex-paralegal with a J.D. from Hofstra is suing Greenberg Traurig with claims of racial bias, saying she wasn’t promoted to an attorney position. Well, she did attend a contender for “Worst Law School in America.” [Am Law Daily]

* In a rare move, it seems that a partner was poached from Williams & Connolly. Jon Fetterolf will now be working at Zuckerman Spaeder, where he’ll be the firm’s first certified sports agent. [Legal Times]

* Reema Bajaj, everyone’s favorite neighborhood prostitute with a penchant for peddling punani for paper products, was suspended by the Illinois Supreme Court for a three-year period. Boo. [ABA Journal]

* Because only the coolest law students do legal research on their phones these days, here are 11 apps to download. Curiously missing from this list is the ATL app. You can get it here. [U.S. News & World Report]

* “The case is over. It’s time to move on.” Rachel Canning, the New Jersey schoolgirl who sued her parents for child support, has agreed to drop her case — and yes, it was all about her boyfriend. [New York Post]

* Robert Strauss, Akin Gump Strauss Hauer & Feld name partner, RIP. [New York Times]

Ed. note: This is the latest post by Anonymous Recruitment Director, who will offer an insider’s perspective on the world of law firm hiring.

Law students love to bash the staff of their law school’s career services office. Students often roll their eyes as they describe a staff, usually all female, most with law degrees, who have allegedly traded in the law firm life for a 9-to-5 job. The students often comment that the staff does nothing to help the students secure jobs. Well, I wish to share with you a harsh reality that your law school counselors may not be able to impart directly.

When a student presents to the career services office at law school for a résumé review, there is very little that the counselors can do at that point. The counselors can, of course, suggest the reordering of text and/or tighten certain job descriptions. But YOU are the one who has made certain professional choices, and the staff cannot rewrite your history. A résumé is impressive not because it is well-written; a résumé is impressive because it demonstrates curiosity, risk-taking, and a desire for depth of experience.

So what is my main advice about résumés?

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Biglaw firms don’t need to scam people. Or do they?

I did find a law firm in Denver. It’s called Gibson and Dunn, legitimately. When I called Gibson and Dunn, they said that I was their fifth call in that two-day period of other people who had called them and asked them why they were being accused of criminal charges.

– Michael Kleczka, explaining his communications with the Denver office of Gibson Dunn & Crutcher after his son received a call from the “Gibson Dunn Law Firm” threatening him with arrest unless he paid $1,200 immediately.

(A Gibson Dunn spokesperson stated that the calls are not coming from GDC and that the firm has reported the scam to the authorities.)

Over the years, we’ve covered many Biglaw employees who have been accused or convicted of insider trading. This should come as no surprise, given the confidential and market-moving information that regularly flows through the hallways and computers of leading law firms.

The latest accusations of insider trading involve a lawyer who worked at a white-shoe law firm. This individual stands accused of taking confidential information he was privy to by virtue of his work and passing it along through a middleman to a broker, who then allegedly traded on it. According to the Securities and Exchange Commission, the scheme generated over $5.6 million in illegal profits, with over $168,000 going to the Biglaw tipster.

At which elite law firm did this defendant work, and from which school did he receive his law degree?

double red triangle arrows Continue reading “Biglaw Employee Charged In $5.6 Million Insider Trading Scheme”

Congratulations to Weil Gotshal on securing a significant role in the big Grupo Corporativo Ono / Vodafone deal. The firm is representing Ono’s principal shareholders, a group of private equity firms, in the $10 billion transaction. This comes not long after news of Weil’s representation of Facebook in the company’s $16 billion acquisition of WhatsApp.

At the same time as it handles eleven-figure deals, Weil Gotshal continues to lose partners. Are these defections wanted or unwanted by Weil? If the latter, how significant are they?

Let’s find out which partners are leaving, and where they’re going….

(Please note the UPDATE added to the end of this post.)

double red triangle arrows Continue reading “As The Weil Turns: The Revolving Door Spins Again”

Ed. note: Please welcome Above the Law’s new poet-in-residence, Qui Tam. You can read the rest of his law-related poetry over here.

Dining out on the firm’s dime: a time-honored law firm tradition, and one of the perks I enjoyed as a summer associate and associate. A couple of many memorable experiences described below….

double red triangle arrows Continue reading “Qui Tam: Dinner On The Firm”

Growing up in Biglaw, I always thought pricing services for clients was easy. Conversations with clients went as follows: “Our rates range from X to Y, and are very competitive with our peer firms. If you have the audacity to ask for a break on these prices, we can offer you a 10% ‘courtesy discount,’ but will include language in our engagement letter allowing us to recoup that discount and more a few months into the engagement.” Of course, even in the mid-2000s (crazy that those days are nearly a decade ago), X was roughly the monthly lease payment on a well-equipped Honda Accord — for the least “experienced” lawyer in the entire firm — and Y was in the range approaching the monthly mortgage payment for a decent-sized colonial in a “pleasant” suburb. That was how things were priced, and depending on your firm, your rates were either considered cheap or expensive. But that categorization was always relative to other firms in your city, with a usually self-selected “peer group.” So there was always a “premium” (but unnecessary) firm more expensive, and on the other end of the pricing spectrum, a “discount shop” that could be sneered at for trying to undercut the market with low prices aimed at masking subpar legal ability.

When there was a surplus of demand for Biglaw’s services, the above approach was a tenable one. Once that surplus turned into a surfeit, firms needed to get a little more creative. At first, the tendency was to simply offer bigger discounts, with the “courtesy 10% off” turning into 25% off or more. Then clients started informing their firms of new “billing guidelines” where certain types of work would no longer be billable. Or where certain lawyers, such as junior associates whose time would no longer be paid for by clients, were magically transformed from revenue-producers for the firms that hired them to deadweight cost center investments in the “firm’s future.” Add in competition from other firms for a shrinking pie of business, and thinking about pricing became more rigorous. In fact, pricing expertise is one of the only Biglaw job skills with a growing rather than shrinking potential employment base….

double red triangle arrows Continue reading “Beyond Biglaw: The Price Is Right”

* Justice Elena Kagan is looking forward to hunting a new kind of game next year with Justice Antonin Scalia. Gobble gobble, bitches. They’re going after wild turkeys, and not the whiskey. [Legal Times]

* If you’ve been wondering why Morrison & Foerster is referred to as MoFo, the backstory isn’t as cool as we were led to believe. It was the firm’s teletype address. [Capital Business / Washington Post]

* Don’t worry, law profs, your precious tenure protections aren’t going anywhere yet. The ABA has officially given up on its quest to remove tenure as an accreditation requirement. [National Law Journal]

* Nicholas Spaeth, the former state attorney general of North Dakota who sued a slew of law schools for age discrimination after being passed over for a job after AALS, was found dead yesterday. RIP. [Inforum]

* If you’ve been waitlisted, send a letter of continuing interest. Convince them you’ll be employed within 10 months of graduation, and watch the acceptance letters roll on in. [Law Admissions Lowdown / U.S. News]

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