* Is Ashley Madison (the dating site for adulterers) a scam? [Forbes]
* Ah, the real reason Hosni Mubarak finally stepped down. [Slate]
* These are the kind of epic meltdowns that happen when hedge fund folks tangle with Bess Levin. [Dealbreaker]
* Which law firm claims to embrace diversity while one of its partners — a woman who was once married to a gay man, by the way — goes on TV to bash GOProud (a prominent gay conservative group)? [Pam's House Blend]
* Speaking of law firms and LGBT issues, why is it taking so long for WilmerHale partner Edward DuMont, the first openly gay nominee for a federal appeals court in U.S. history, to get a hearing? [The BLT: The Blog of Legal Times]
Egyptian President Hosni Mubarak has finally decided to step down. We should all be thankful that this has been a relatively “bloodless” coup. We should all take notice of a middle eastern regime change that didn’t require the use of American armed forces. We should all wish the people of Egypt the best of luck as they forge ahead into their uncertain future. And we should all pray that in the end Egypt continues on its moderate path of relating to Israel and the west.
That last part is key. Sure, by the end Mubarak was like the guy who won’t leave your house after the Super Bowl party. We’ve all been there. The people of Egypt tried everything you or I have tried in that situation: “Dude, it’s getting late, I have to work in the morning,” “No, really, I can handle the dishes by myself,” “Seriously brah, if you’re here when my wife wakes up she’s going to be pissed.”
But despite his inability to take a hint, Mubarak was still our friend. There’s no guarantee that the next guy will be.
In fact, who is the next guy? We know that Vice President Omar Suleiman is technically in charge now. And many suspect that actually there is a general with a gun who is really in charge. But who is supposed to be in charge? (This is starting to sound like Howrey.)
Seems to me, once God stopped “anointing” people, He created lawyers to answer just this kind of a question…
* If the Muslim Brotherhood gains power in Egypt, they will impose sharia law. Just like Oklahoma! [ABC Online]
* Lindsay Lohan took to Twitter to announce that she “was not raised to lie, cheat, or steal.” Well, nature it is. [msnbc.com]
* Arizona is suing the federal government over the porous border. Mr. Obama, build us a wall! [Reuters]
* Barry Bonds, he of the enormous dome piece, had the number of felony charges against him dropped to five. Hauling that gargantuan cranium about. I’m not kidding, that boy’s head is like Sputnik. [ESPN]
* Foreign journalists risking their lives to cover the story in Egypt should remind everybody why we have to pay for reporters. [Huffington Post]
* The California Supreme Court will soon decide whether or not it wants to decide anything on Prop 8. [Poliglot / Metro Weekly]
* A tipster has the credited blurb: “When J. Crew has made [a shirt saying 'Lower East Side'], has the Lower East Side jumped the shark? Further side note: if you buy said shirt from J. Crew, a shark should jump you.” [Bowery Boogie]
* If you are an allegedly greedy Wall Street banker, is the only jury of your peers composed of 12 other potentially greedy Wall Street bankers? [WSJ Law Blog]
If Mr. Met owned the Mets would things really be any worse?
* Is anybody really surprised that the Wilpons are having trouble finding people to buy a minority stake in the Mets? It’s an awful franchise that is poorly run that plays home games in Queens — why would you want a minority stake in that? Why… why didn’t God make me a Yankee fan? [Dealbreaker]
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…
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 six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.