101 Central Park West: home to celebrities, a billionaire’s daughter, and an in-house counsel.
Earlier this year, we wrote about a commendable initiative at Pace Law School called New Directions. It’s a program devoted to helping lawyers who have left the profession, many of them stay-at-home mothers, get back into the world of practice.
The New York Times profiled a few of the program’s graduates. One of them, Jeannette Rossoff, graduated from Boston University School of Law, worked at Shearman & Sterling for a few years, then left the workforce for twenty years to raise four children. After her children were grown, she completed the New Directions program, interned for the New York State attorney general’s office, then landed an in-house job with a nonprofit.
It’s nice that Mrs. Rossoff is back to practicing law, but it certainly wasn’t necessary. If you can afford to live in a $12 million apartment with monthly maintenance charges of almost $7,000, “work” is optional….
For law students, nothing is more devastating than something happening to their precious laptops. They are the very tool that allow the future lawyers of America to survive the rigors of law school. A law student’s class notes are priceless, and if anything were to happen to them, it could have disastrous effects. Trust us when we say that you do not want to mess with a law student’s laptop. You could end up having the crap beaten out of you if you do.
We’re pretty sure there’s a special place in hell for anyone who would dare to steal a law student’s laptop, and this week, someone at one of the top law schools in the nation earned a ticket straight to the inferno. You’re probably a disgusting human being if you think it’s alright to steal a law student’s laptop. You deserve to be punched in the face.
So what happens when a fellow law student’s most prized possession in the world is taken away?
Oral argument before the Supreme Court is ripe with dramatic possibilities. If you doubt this, check out Arguendo, the new work by Elevator Repair Service that just received a rave review from the New York Times. I saw “Arguendo” last weekend, before I participated in an on-stage conversation with director John Collins, and I was impressed by how well the play captures the drama, comedy, and even athleticism of appellate argument. (Buy tickets here — but act quickly, since they’re going fast.)
If oral argument is a form of theater, then the U.S. Supreme Court is Broadway — the biggest and best venue in all the land. And we’ve just learned about a brilliant understudy who will be making her debut at One First Street next month.
Expectations are running high for this talented protégé of a celebrated SCOTUS litigator. Who is playing Eve Harrington to Paul Clement’s Margo Channing?
Earlier this week, the John D. and Catherine T. MacArthur Foundation announced this year’s roster of MacArthur Fellowship recipients — the winners of the so-called “Genius Grants.” According to the Foundation, it awards the prestigious grants to those who “have shown extraordinary originality and dedication in their creative pursuits and a marked capacity for self-direction. There are three criteria for selection of Fellows: exceptional creativity, promise for important future advances based on a track record of significant accomplishment, and potential for the fellowship to facilitate subsequent creative work.” MacArthur fellows receive $625,000 stipends, with no strings attached . . . except, you know, continuing to be brilliant.
Past MacArthur Genius Grant winners include minds as diverse as paleontologist Stephen Jay Gould; computer scientist and physicist Stephen Wolfram; writers like Cormac McCarthy, David Foster Wallace, Susan Sontag, and Chimamanda Ngozi Adichie; filmmaker Errol Morris; cognitive scientist Amos Tversky; dancer and choreographer Twyla Tharp; philosopher Richard Rorty; drummer and jazz composer Max Roach; statistician Persi Diaconis; literary critic Harold Bloom; and composer John Zorn. Basically, it’s a hell of a fantasy dinner-party guest list.
One of this year’s MacArthur geniuses is a lawyer. Who is it?
Wouldn’t it be nice to be a member of the Forbes 400, the richest people in the United States? Then you can party on a yacht with models and bottlesdonate $20 million to the law school that helped launch you along the path of professional success.
Alas, we’re probably not going to see major change on that front anytime soon. As long as the federal government keeps the loan money flowing, law schools have little incentive to lower tuition.
So, at least for now, we’ll have to settle for more modest measures at controlling cost. For example, law schools can and should devote greater resources to scholarships, which lower the effective price tag of a J.D. degree.
One leading law school just received a gigantic gift — which it’s putting towards scholarships, to its credit. Which law school is on the receiving end of this largesse, and how much is it getting?
Andrew Kravis, recent Columbia Law School grad and new millionaire.
Congratulations to Andrew Kravis. He graduated from Columbia Law School this past May, but he’s already earned enough money to pay off all his student loans.
And no, he doesn’t work at a hedge fund or private equity firm. He doesn’t even work in Biglaw. He’s a public interest lawyer, about to start a fellowship at Lambda Legal, the nation’s oldest and largest legal organization working for LGBT civil rights. He was honored upon graduating from CLS as one of two students “who have demonstrated outstanding achievement in the furtherance of lesbian, gay, bisexual, and transgender rights.”
So how did this outstanding do-gooder also do so well? How did he earn enough money to pay off all his student loans, and then some — a cool $2.6 million, to be exact?
Back in June, we got a chance to see an absolutely great response to a cease and desist letter. The author of that response letter, Stephen B. Kaplitt, is an Above the Law folk hero for kicking off his response to an unnecessarily threatening C&D with “obviously [this] was sent in jest, and the world can certainly use more legal satire,” before systematically ripping the opposing attorneys a new one.
Now comes another great response to a C&D letter, and this one may even be better because of the firm on the receiving end.
Last week, we toured the $5 million estate of a renowned plaintiffs’ lawyer down in Texas. We mentioned that this legal eagle was fleeing his finely feathered nest in favor of even better abode: a $14 million mansion, smaller in square footage than the old house, but with a much better location.
Now it’s time for us to check out the new digs. This mansion has “only” 12,000 square feet, compared to the former home’s 14,000 square feet, but it has many other things going for it….
Whenever we write about a lawyerly lair in New York City, our readers in Texas scoff. They mock the tiny size and high price. They observe that for the cost of a minuscule Manhattan studio, you could get yourself 3500 square feet — plus a Lexus! — down in Texas. And did you know that there’s no state income tax down there?
Today our Texas tipsters will be happy. We’re visiting the $5 million, 14,000-square-foot mansion of a renowned plaintiffs’ lawyer — with room for many Lexuses, in the 13-car garage….
Professor Joel P. Trachtman (JD Harvard Law School) 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!
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.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!