* Clearly we’ve got some problems, Cleary: Following Argentina’s default, the country is being advised to drop the law firm that said it was a good idea to default in the first place. [The Guardian]
* Lawyers have been flocking to Ferguson, Missouri, left and right to serve as “the eyes and ears of those who protect and guarantee civil rights.” That’s nice, but it’s kind of not working. [National Law Journal]
* “I really don’t know how the people who work there can keep a sense of sort of personal dignity.” American Law plunged in the rankings because of its “dubious employment prospects.” Ouch. [Washington City Paper]
* In case you’ve been wondering what the NFL’s response to all of the cheerleader wage-and-hour complaints are, here it is: “Labor law? LOL. The NFL is immune from state labor law.” [NBC Bay Area]
* Apparently there’s a national court-reporting championship that the world has been missing out on — until now. There was a major upset this year, and a new winner was crowned. Congrats! [WSJ Law Blog]
Longtime readers of Above the Law will recall the tale of Aquagirl. She’s the former Cleary Gottlieb summer associate who, while in a state of inebriation, stripped down to her underwear at a Chelsea Piers charity benefit and jumped into the Hudson River. This might have been an effort to demonstrate her swimming prowess (she was on the swim team in college), but ultimately she had to be rescued in a boat by either the Coast Guard or the NYPD. Her exploits are now the stuff of legend, the bar by which summer associate misadventures are measured.
In these pages, we’ve referred to Aquagirl simply by her nickname, in keeping with our general policy of anonymizing summer associate stories. But that policy admits of exceptions. We will now unmask Aquagirl because she’s back in the headlines for newsworthy conduct — this time heroic rather than scandalous….
As we noted in today’s Morning Docket, the American Lawyer just published an interesting article with a provocative title: Cleary’s Litigation Slump. In the piece, Michael Goldhaber notes some high-profile defeats recently suffered by Cleary Gottlieb, which he cites in wondering whether the super-elite law firm might be losing its courtroom mojo.
The article struck me as a bit unfair to Cleary. Here’s why….
Say farewell to Cooley Law — j/k, it’ll always be Cooley.
* Cleary Gottlieb lost some historic cases during the first half of 2014, including one for $50 billion, but not to worry, “the firm is proud of the work Cleary lawyers do every day.” [Am Law Daily]
* The Fourth Circuit is refusing to issue a stay in Virginia’s gay marriage case, so the state will be for all lovers starting next week unless SCOTUS decides to step in. [National Law Journal]
* Thomas M. Cooley Law School has now officially become the Western Michigan University Thomas M. Cooley Law School. If only a new name could clear its reputation. [MLive.com]
* It’s not every day that a law student with a criminal history is arrested on murder charges, but Tuesday was that day for one student. We’ll have more on this later. [San Antonio Express-News]
* “Glass is built to connect you more with the world around you, not distract you from it.” Google sure is optimistic about Glass, but several states aren’t, and have already proposed driving bans. [WSJ Law Blog]
* You’d think a tax attorney would remember to file a tax return. You’d be wrong. [SF Gate]
* You think you have difficult clients? Try representing a sovereign hellbent on making political hay by contradicting every representation you make in court. [Reuters]
* Dov Charney out at American Apparel. And he seemed like such a nice guy… [Slate]
* The Central Park Five civil rights lawsuit has settled for $40 million — or roughly $1 million for each year the accused spent in prison. [New York Times]
* It’s a bad week for everyone affiliated with the Miami Heat. Now they’re losing to bloggers. [South Florida Lawyers]
* In an unfortunate follow-up, the effort to unionize some lawyers at Bloomberg has fizzled and the primary organizer has been fired with no severance and a baby on the way. Which is surely a complete coincidence and not related to his organizing activity at all. [Fortune]
* Former Delaware Supreme Court Justice Carolyn Berger has resigned and she is not bashful that it’s all to do with being passed over as chief justice in favor of Leo Strine. [Delaware Law Weekly]
* Yale Law grad and former Senior Counsel to the World Bank, Karen Hudes, wants you to understand that JFK was killed over the gold standard and that there’s a species of coneheads in control of the Vatican. We should do a Career Alternatives on her. Video after the jump… [Starship Earth: The Big Picture]
Usually, the pursuit of “work/life balance” is just a fight between management and labor. Occasionally, it’s an internal conversation where an employee’s desire to succeed professionally is pitted against his or her desire to succeed domestically. Of course, there are always the people who believe they can “have it all,” as if work/life balance can be reduced to checking a number of accomplishment boxes in the most brutally efficient way possible.
But occasionally, work/life balance becomes a battle ground for people to justify a number of “life” choices that have nothing to do with work.
That’s what we have here today. A memo went around one of the top firms in Manhattan from a woman claiming she needed an “I’m having a baby day” so she could go to a Katy Perry concert. Before I post it and open up the comments, I’m going to make some popcorn — that’ll give everybody some time to ramp up their outrage meters to 11…
When it comes to Biglaw word-processing jobs, Williams Lea is the grim reaper. As we’ve chronicled in these pages, numerous leading law firms have outsourced their word processing and proofreading functions to this prominent provider.
This has led to layoffs — lots and lots of layoffs. Some affected employees have been sad, and some have been angry. One complained of the “callous disregard for the welfare of long-time Foley [& Lardner] employees” that a Williams Lea takeover displayed.
But could these changes be beneficial — not just for law firm bottom lines, but for the affected individuals? The latest law firm to outsource its WP and proofreading functions, one of the most prestigious and profitable firms in all the land, makes the case….
Becoming a Biglaw partner does not necessarily mean you’ll live happily ever after. It doesn’t even guarantee financial security. Indeed, some partners end up filing for personal bankruptcy.
But that’s an anomalous case. Partnership at a major law firm might not guarantee you happiness — sometimes you have to leave the partnership to follow your bliss — but it generally brings with it tremendous pay and prestige.
That’s especially true of partnership at the nation’s 10 most prestigious large law firms. Most of them have only a single partnership tier — equity or bust, baby — and sky-high profits.
Who are the new partners at these 10 firms, and what do their selections reveal about Biglaw today?
We’ve seen a surprising amount of drama emanate from the normally hushed halls of One Liberty Plaza in 2013. Cleary Gottlieb, one of Biglaw’s best firms, has been the site of contention and controversy regarding irate ex-staffers, support staff stealth layoffs, and a summer associate with a dark past.
Some of our Cleary readers and sources have objected to this coverage as painting a misleading picture of goings-on at CGSH. Their general view: all this drama is limited to the ranks of support staff — who have been coddled over the years, and are finally now being forced to be more productive. When it comes to the lawyers at Cleary, it’s business as usual.
Is it “business as usual” with respect to associate bonuses? Cleary just announced….
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.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at firstname.lastname@example.org or email@example.com. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman 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!