The legal job market remains challenging, but there are some bright spots. As we reported on Friday, entry-level Biglaw hiring is up by almost 10 percent compared to last year.
Many law school students and graduates view working at a prestigious law firm as a cure-all. And it’s true that a starting salary of $160,000 is one of the best ways for law school grads to service six-figure debt loads.
But for some young lawyers, a Biglaw job is far from a panacea. The stress and long hours create new problems — problems that can be hard to solve while holding down a demanding law firm job.
Here is one associate’s very sad situation. What would you advise him or her to do?
Perhaps Dechert meant this kind of Macho Man, instead?
* Congrats to Larren Nashelsky for being one bad ass MoFo. He’s taking over as Chair of Morrison & Foerster, and claims the firm’s had “some of [its] best years in recent years.” [San Francisco Business Times]
* Macho, macho man! You’ve got to be, a macho man to work at Dechert. An ex-associate says he was fired for using FMLA time and blames the firm’s “macho culture” in his retaliation complaint. [National Law Journal]
* Sorry, but you make too much damn money. Utah’s Judicial Conduct Commission recommended a judge for censure because his salary was “in excess of the amount allowed by law.” [Standard-Examiner]
* “We’re all reacting to Darwinian pressures in the market and from students.” Maybe that’s why law schools are adding more classes having to do with careers as in-house counsel. [Corporate Counsel]
* Jerry Sandusky has asked Judge John Cleland to reconsider his 30-60 year prison sentence because he thinks it’s excessive. Strange, because some people would argue it wasn’t excessive enough. [Bloomberg]
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: firstname.lastname@example.org.
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!
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.