It looks like Davis Polk’s higher bonus scale will carry the day in Biglaw.
Did you hear that sound? Listen carefully. What is that row? It’s the sound of alternative legal providers’ footfalls, gaining on you.
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.
Did this firm forget that money is the best motivator of all?
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What were the 10 biggest stories about the legal profession in 2013, according to readers of Above the Law?
Every time an associate says, “I don’t believe in higher bonuses,” there’s a would-be Boies-level bonus someplace that falls down dead.
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Ed. note: We’ll return to our normal publication schedule on Monday, December 2. We hope to see you at our holiday happy hour on Thursday, December 5 — for details and to RSVP (to this free event with an open bar), click here.
* Even in a post-nuclear world, Republicans can still block certain judicial nominees. [New York Times]
* A prominent Toronto lawyer has gone missing — and so, allegedly, has $3 million in client trust funds. [Toronto Star]
* Dewey see legal fees in the future for Stephen DiCarmine and Joel Sanders? Well, a $37 million lawsuit won’t dismiss itself. [Law360 (sub. req.)]
* Congratulations to Matthew Layton, the new managing partner of Clifford Chance. [The Lawyer]
* And congratulations to Ralph Pellecchio and Jim Wernz, who were married by none other than Justice Ruth Bader Ginsburg — who even helped them write their vows. [Talking Points Memo]
* Sure, let’s have the whole “is now a good time to go to law school?” debate again. [WSJ Law Blog]
* Especially if you’re a minority, since white people are losing interest in law school. [Am Law Daily]
* Congress can’t even get its act together about real guns, so perhaps it’s no surprise that limits on fake guns are set to expire soon. [New York Times]
* Harry Potter was convicted of obstruction of justice. Just because you’re a wizard doesn’t mean you’re above the law. [Daily Utah Chronicle]
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* The Magic Circle isn’t very magical across the pond in New York City. Four out of five firms from the U.K. — Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer, and Linklaters — have yet to pull rabbits out of their
* Chief Judge Philip P. Simon of the Northern District of Indiana has ruled that being a federal judge is better than being an equine semen collector. Agreed. [The Kentucky Trial Court Review]
* The Supreme Court lets tradition trump technology. Because if the Founders wanted cameras in the courtroom they would have written it into the Constitution. [Washington Post]
* NBC is developing a TV show based on Shon Hopwood’s memoir Law Man (affiliate link). Could NBC have a watchable drama? [Variety]
* Congress keeps telling us the D.C. Circuit is not overworked. They’re wrong. [People for the American Way]
* A poem about the lawyer as shark. Wasn’t this a whole TV show once? [Poetic Justice]
* Legal education needs to adapt to reflect the fact that 50 percent of law students don’t intend to use their law degrees to work in traditional legal fields. In other words, legal education needs to adapt to people too stupid to figure out the only jobs that require a law degree are those in traditional legal fields. [New York Law Journal]
* Harvard is hosting an event on the “business of college sports.” You can learn all about the business of college sports from this video right here. [Sports Agent Blog]
* The judge who forced a family to change their baby’s name from “Messiah” is getting disciplined. [The Volokh Conspiracy]
* Flash mobs are disturbing enough without being composed entirely of lawyers. [Daily Report Online]
* Elie and Staci appeared on CNBC’s Power Lunch today to discuss the Orrick and Pillsbury merger talks and the Clifford Chance memo. Video embedded after the jump… [CNBC]
* Thanks to the slow transactional markets in Western Europe, Magic Circle firms like Allen & Overy, Linklaters, and Clifford Chance are struggling to pull a rabbit out of a hat in terms of gross revenue and profits. [Am Law Daily]
* If at first you don’t succeed because of John Ashcroft, try, try again. Former Missouri Supreme Court Judge Ronnie White is once again being considered for the federal bench in St. Louis. Good luck! [Missouri Lawyers Weekly]
* In case you’ve been sleeping under a rock, Boston bombing suspect Dzhokhar Tsarnaev pleaded not guilty to murder charges. He’s looking at life in prison or the death penalty. [Bloomberg]
* Target, if you’re wondering why you’re getting sued, it’s because of this alleged memo explaining that not all Hispanic employees eat tacos, dance to salsa, and wear sombreros. [Huffington Post]
* “Please don’t be hung” is a solemn prayer that’s only useful to a woman whose case is on re-trial. Ex-Bengals cheerleader Sarah Jones’s defamation suit was sent to the jury. [Associated Press]
* Edward Snowden, the computer technician who leaked details on the programs the NSA didn’t want you to know about, sacrificed his life to save your privacy’s soul. Thanks a bunch, Technology Jesus! [CNN]
* While we wait for Fisher, DOMA, and Prop 8, if you’d like some background info on the people behind the most controversial and talked about SCOTUS cases of the term, give this one a read. [NBC News]
* If a justice claims he’s never met a homosexual and he’s got a gay law clerk, telling him to “look around [his] chambers” to find one is the NKI. My, how times have changed since the mid-80s. [New York Times]
* In 2012, Justice Sotomayor earned $1.9 million in royalties from her memoir, My Beloved World (affiliate link). Yeah, her world is probably so beloved because she’s rolling around in money. [Blog of Legal Times]
* Howrey going to make use of this empty wall space? If you’re in the market for some art, this bankrupt firm’s decor will be up for auction in D.C. later this week. [Bankruptcy Beat / Wall Street Journal]
* When you’re dealing with the most beautiful people in Biglaw, the price for pretty is high: Davis Polk was slapped with a million-dollar lawsuit over a recruiter’s fee. [Thomson Reuters News & Insight]
* Gerald Shargel, criminal defense attorney to the Mafia stars, is retiring his shingle to join Winston & Strawn. Biglaw better keep him entertained — he gets bored easily. [DealBook / New York Times]
* Cory Booker, one of everyone’s favorite Yale Law School grads, announced his candidacy for a New Jersey Senate seat over the weekend. Best of luck in the special election! [The Note / ABC News]
* The feds are seeking a four-year sentence for former Rep. Jesse Jackson Jr. in his campaign funds misuse case. No MJ memorabilia is worth prison time, no matter how big a fan you are. [The Hill]
* “[I]f you ever call me on my cellphone again, I’ll strangle you.” Yikes. Looks like this Kentucky judge won’t have the chance to wring his hands around lawyers’ necks any time soon. [Courier-Journal]