The Dewey debacle is unfolding in real time on this and other sites. People’s lives are being shattered as a firm gets shuttered. It is not the first, and certainly not the last, time that a major law firm with thousands of employees will disappear into so much ether. I look back on my OCI days, and can rattle off several former NYC firms that have either merged into unrecognizability, or disappeared like Dewey is in the process of doing.
Likewise, not far from where I now sit, is the shell of Eastman Kodak — a company that built a large part of this town, and will likely become a shameful case study in the annals of business school textbooks. And yesterday, news went out that my own company is beginning another round of VRIF severance offers.
Regardless of whether you are sitting comfortably in-house, collecting pay from Biglaw, or wondering how in Hell you’re going to find a summer job, news like that mentioned above is disquieting. The main reason is that there isn’t anything that can be done. One day you’re employed, and then, well, you may not be. And there is really no place for schadenfreude in a “there but for the grace of God” economy. Careers can be dissolved as quickly as Dewey.
So, when you are forced to enter an applicant pool of thousands of other attorneys looking for a break in a seemingly unsolvable code of hiring, what can you do to set yourself apart? One possible strategy that has become a hot button issue in the past days is to claim minority status on your application. The obvious dilemma that you face as applicant number two thousand twenty-eight is whether to check such status if your lineage may or may not support the claim….
Unbeknown to most of us, when Ted Kennedy died Harvard Law Professor Elizabeth Warren became the last liberal with balls. While other Democrats have been desperately trying to keep themselves in the good graces of Wall Street, Elizabeth Warren has been standing toe-to-toe with the bankers.
If she wins the nomination (if Martha Coakley runs again, Warren won’t even have to “campaign” for the nomination, she’ll run primary ads saying “Again? How stupid are you?”), the battle between Warren and the incumbent, Senator Scott “the Body” Brown, will be interesting.
But let’s say that the last Democrat can win in one of the last liberal bastions. It’ll mean another solid win for liberal women law professors during the Obama administration…
* Is Harvard Law professor Elizabeth Warren, a top candidate to lead the new Bureau of Consumer Financial Protection, a “supremely smart crusader for middle-class families, or “a fiery zealot disguised in professorial glasses and pastel cardigans”? [Washington Post]
Today, the National Law Journal lets us in on an ambitious project. The publication has tried to identify the 40 most influential lawyers of the decade. The 40 people they came up with are relatively well known to the general Above the Law readership, but they won’t be household names to your lay-friends:
The list spans law firms, academia, government and advocacy groups, but, consciously subtracts a few obvious categories: Members of the Supreme Court and attorneys general, for instance, are generally influential by definition, and they are not included here.
The NLJ was looking for lawyers that don’t get their name in the mainstream media every day:
Instead, we have focused upon lawyers in the following specific practices: antitrust; appellate; bankruptcy; civil rights; corporate; energy and environmental; in-house; intellectual property; labor and employment; legal education; litigation; and regulatory. In other words, we’re primarily focusing on hard-working lawyers who’ve been in the trenches on big deals or major litigation or who have been pioneering at in-house positions or the nation’s law schools.
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 (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), 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.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.