* Let’s get ready to rumble! Not wanting to be left out of the party, Oklahoma has also asked the Supreme Court to take a look at its same-sex marriage statute which was recently slapped down by the Tenth Circuit. [National Law Journal]
* Dewey know what financial restructuring adviser Joff Mitchell of Zolfo Cooper said to this failing firm’s partners right before it flopped for good? “Look, there is no way here to save this firm.” Ouch. That had to have sucked. [Forbes]
* The examiner who was appointed to monitor law firm billing for the City of Detroit’s bankruptcy is now questioning Dentons’ fees of up to $27K per month to talk to the press. Whoa there… [Detroit Free Press]
* Working Mother and Flex-Time Lawyers have released the latest ranking of the Top 50 Law Firms for Women. Vivia Chen feels “a bit dirty” after reading the list — and you probably should, too. [The Careerist]
* Leisure Suit Larry’s successors are here to stay for a while: Case Western Reserve Law’s co-interim deans will stay on in their current positions for the upcoming school year. [Crain's Cleveland Business]
My last post focused on how much it can suck to be a junior associate in Biglaw today. In fact, much of what I say about Biglaw could be construed as a tad critical by the cynical and jaded (or sane).
So let me begin with a caveat: what I write is never aimed at my former firm, or any firm in particular. In fact, if you choose Biglaw, I have no doubt that my firm is one of the best places to practice. My crucial point, which is not controversial, is that Biglaw’s pathologies cannot be isolated to one or two crazy partners here or there. The problems of Biglaw are endemic.
So before we get too far down that Biglaw-bashing road, and especially for the folks gearing up for OCI, let’s look at what you can get from Biglaw if you decide to say “damn the torpedoes” and push ahead despite all warnings.
We last spoke about the best law firms for women (in terms of power and pay) in June, and back then, we noted that every few months, a new list or ranking system appears. We were right, because about two months have passed, and now there’s another “best of” list for female attorneys to pore over.
Today, Working Mother and Flex-Time Lawyers released their annual list of the 50 Best Law Firms for Women. These law firms are considered pioneers in the field when it comes to “attracting, retaining and promoting women lawyers.” These law firms stand out as “family friendly” workplaces, while at the same time ensuring that women shine in their equity partnership ranks.
These law firms are places you might want to work for. Which ones made this year’s cut?
In light of Ms. X’s epic departure memo highlighting the chaos involved in juggling parenting and Biglaw hours, many women in similar situations have been questioning their own work/life balance. Can women still have it all? And if they can’t, can they at least have a little bit of it? Is that really so much to ask for?
Luckily, and just in the nick of time, Working Mother magazine partnered with Flex-Time Lawyers to release its annual list of the 50 Best Law Firms for Women. When compiling this list, both organizations strive to include firms that make the legal profession more “family friendly” by offering both flexible hours and reduced schedules, while at the same time ensuring that a respectable percentage of women attain equity partnership.
So which firms made the cut? Interestingly, only two firms from Vault’s top ten list of the most prestigious firms in the country made this year’s list. Let’s find out which ones….
Generally, when in-house lawyers transition from a law firm to a company, the amount they work decreases, with some exceptions. The particular number of hours depends upon the company and the industry, but it’s usually about 9-5 or 9-6, and increases as you gain seniority. (Unless you come from money and you’re “employed” in the family business, in which case you haven’t worked a day in your life, and never will.)
Often flexible arrangements are available, such as shifting working hours to 7-4 or 10-6, or working from home one or more days a week. These flex-time arrangements are particularly useful to lawyers who have many other obligations outside of work, such as learning new pole-dancing routines.
What about facetime — do in-house lawyers deal with facetime issues? By “facetime,” I mean simply the amount of time spent in the office, whether that time is used to do work or not. In-house lawyers certainly do encounter facetime issues — let’s face it, all lawyers do. (Get it…?)
Today is the official release date of Law & Reorder, a new book by Deborah Epstein Henry, a leading consultant to the legal profession. Henry, whom we’ve interviewed and written about before, is an expert on such topics as workplace restructuring, talent management, work/life balance, and the retention and promotion of lawyers — all topics that are covered in her book.
We chatted with Henry on Friday over the phone, about the changes taking place in the legal profession, whether they’re good news or bad news, and how law students and lawyers can navigate in this new environment….
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
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.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: