* The times are a-changin’ for Biglaw in many ways, and lawyers may soon see their starting pay take a dive because clients think they “continue to be too expensive.” [WSJ Law Blog]
* Foley & Lardner plans to shutter its San Diego shop, following in the footsteps of other Biglaw behemoths. Not to worry, no one’s been laid off — that we know of, that is. [Am Law Daily]
* Say hello to Alabama Law’s new dean, Mark Brandon. Maybe he’ll be the man to propel the school to a #5 ranking in a publication other than National Jurist. ROLL TIDE! [National Law Journal]
* Earlier this week, an Idaho judge struck down the state’s ban on gay marriage, and now she’s refusing to issue a stay. Good on you, judge, but the Ninth Circuit may put those marriages in limbo for a while. [NPR]
* Speaking of judges who’re refusing to stay same-sex marriage rulings, last night, the Arkansas Supreme Court turned down the state attorney general’s request to put a stop to marriage equality. [USA Today]
* A lawyer working as Board of Education president in Mahopac, New York, resigned from his position after calling a PTA volunteer a “chubby wubby” at a school board meeting. That’s not very nice. [Journal News]
This is the delicate dance done between American cities and the NFL. The American city will bow, the NFL will embrace. They glide across the dancefloor of time and space, dipping and twirling, bumping and grinding. The city and the NFL become one as the dance reaches its climactic stage, the NFL gently caressing the city, like a mother might a child. As the music of the universe crescendos, the NFL will whisper gently into the willing city’s ear.
GIVE ME ALL YOUR F*$&ING MONEY, YOU DIRTY PIECE PIECE OF S&!*
The stadium is built and the dance is complete.
In upstate New York, this thrusting, rapey foxtrot is just getting started. Governor Cuomo, the Bills, Roger Goodell, they’ve all been invited. And so has a lawyer… natch.
Because the Bills need a new stadium and because they need a new owner. Because the state of New York drafted an attorney with tremendous upside potential.
* Boies Schiller announced it will be working with Hausfeld LLP for the limited purpose of creating a new practice group that will allow the firms to co-represent professional athletes. (Sorry, college athletes, you don’t count yet.) [Bloomberg]
* It’s highly likely that departing White House counsel Kathryn Ruemmler will return to her former stomping grounds at Latham & Watkins. Imagine how many pairs of shoes she’ll be able to buy with her Biglaw money. [Washington Post]
* Governor Andrew Cuomo is so desperate to keep the Buffalo Bills in Western New York that he recently inked a $350K deal with Foley & Lardner to convince the team’s future owners to stay put. [Buffalo News]
* The Above the Law Top 50 Law School Rankings are virtually ungameable, but Kyle McEntee of Law School Transparency proposes a novel way deans can try: by lowering tuition. GASP! [Law.com (reg. req.)]
* Marc Randazza, one of the preeminent lawyers on First Amendment rights (who happens to represent us from time to time), thinks what happened to Don Sterling was “morally wrong.” Interesting theory. [CNN]
[E]ven the most disgusting criminals should have access to counsel when they violate the law, and Exxon’s shareholders will now pay big bucks for Seyfarth’s lawyers, who are probably some of the most expensive corporate defense lawyers in the country. But I don’t think there’s any need for Seyfarth to run up their billable hours since Freedom to Work would like to settle the case today.
– Tico Almeida, founder and president of Freedom to Work, commenting on Seyfarth Shaw’s decision to defend a case alleging anti-gay bias at Exxon Mobil — one of the few Fortune 500 companies that lacks a written nondiscrimination policy prohibiting discrimination on the basis of sexual orientation.
(Will Seyfarth come to regret this case? Let’s discuss….)
* The justices of the Supreme Court gave a thumbs down to hearing a challenge to New York’s “de facto ban” on carrying guns in public, prompting members of the National Rifle Association to poop their pants. [New York Times]
* Now that Mary Jo White is the chief of the Securities and Exchange Commission, Debevoise has picked her successor to act as co-chair of the litigation department. Congratulations go out to Mary Beth Hogan. [DealBook / New York Times]
* In its latest court filings, Ropes & Gray explains why failing to give its “token black associate” a recommendation letter wasn’t an act of retaliation. That’ll surely be an interesting read. [Am Law Daily]
* A former client sues a major law firm, raising fraud, breach of fiduciary duty, and other claims. [Bailey & Glasser (press release and complaint)]
* Boston Biglaw firms — like Dechert, Edwards Wildman, and Foley & Lardner — were “really shaken” by yesterday’s blasts, but report that all employees are safe and accounted for. [National Law Journal]
* Six out of 10 of the 4,967 class of 2012 graduates from New York’s law schools were able to find full-time, long-term positions as lawyers nine months after graduation. Yay? [New York Law Journal]
* Secrets, secrets are no fun; secrets, secrets hurt… someone’s wallet. Sorry, Jamie McCourt, but all of the secret MLB documents concerning the Dodgers’ $2 billion sale will remain secret. [Bloomberg]
But such instinctive judgments still rest upon criteria. Regarding gay icons, Wikipedia advises: “Qualities of a gay icon often include glamour, flamboyance, strength through adversity, and androgyny in presentation. Such icons can be of any sexual orientation or gender; if LGBT, they can be out or not. Although most gay icons have given their support to LGBT social movements, some have expressed opposition, advocating against a perceived homosexual agenda.'”
So you don’t have to be gay or pro-gay-rights to be a gay icon — which brings me to a partner I hereby dub the Judy Garland of Biglaw. She has a most interesting skeleton in her closet, which might explain her staunch opposition to gay marriage….
As we near the end of 2012, we can definitely declare this year to be a momentous one for LGBT rights and equality. Two federal appeals courts struck down the Defense of Marriage Act (and the Supreme Court will soon consider whether to grant review in the DOMA litigation, which it almost certainly will). On Election Day, voters across the country came out in favor of marriage equality. The good people of Wisconsin elected Tammy Baldwin to the U.S. Senate, making her our nation’s first openly gay senator.
Despite these advances, being an LGBT attorney presents unique challenges. When it comes to welcoming gay and lesbian lawyers, not all firms are created equal.
The good news, though, is that Biglaw made a big showing in the Human Rights Campaign’s latest Corporate Equality Index, which scores large U.S. employers in terms of how LGBT-friendly they are in their policies and practices. Which firms are letting their rainbow flags fly?
In light of the possibletrouble that may lie ahead for large law firms, it should come as no surprise that some of them are battening down the hatches. One way to prepare for a tough economic climate is to reduce one’s expenses. And one way to reduce expenses is to conduct layoffs, of attorneys or of staff.
But the work, the work that generates revenue for firms, still needs to get done. One way of reducing expenses while still getting all the work done is to outsource certain functions to an outside service provider. This effectively gets job positions “off the books” of the law firm, which no longer has to pay salaries or benefits for the lawyers or staffers in question; the law firm just has to pay the vendor. (This could be viewed as a form of financing; as you may recall, cash-strapped Dewey used vendors for many services — vendors who are now its creditors in bankruptcy.)
Let’s learn about the latest firm that is reducing the ranks of its staff in favor of relying on an outside company….
Each year, Corporate Counsel compiles a list of the firms that the Fortune 100 companies use as outside counsel. These are the firms that corporate clients turn to when they’ve got bet-the-company litigation. From Exxon Mobil to Apple to Walmart, and everywhere in between, these are the clients with the deepest of pockets, and if you care at all about the business end of the law, then this is a list that you should care about.
But this time around, the list looks a little different. Due to the state of the economy, general counsel are now looking for more ways to reduce costs, and are constantly seeking out alternative fee structures. The firms on this year’s list may have been the ones that were most amenable to such changes.
Without further ado, let’s take a look at which firms topped this year’s list….
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: