Truth be told, I’m not a fan of law firms giving offers to 100 percent of their summer associates. Whatever happened to selectivity? Given how perfunctory the hiring process is, there has to be at least one mistake in any summer class of decent size, right?
A commenter on our last post about offer rates put it well: “[A] 100% offer rate is not always a good thing. If we don’t want to work with the little weirdo who managed to slip through by pretending he was normal in 20-minute increments in callbacks, there’s a good chance the other SAs don’t either. Firms shouldn’t be so captured by the desire to have 100% offer rates that they give offers to people with serious social issues or work product problems, particularly in small offices where their general offensiveness will really have an opportunity to shine.”
Another reason I don’t like 100 percent offer rates is that I enjoy hearing funny stories of summer associate misbehavior, which often culminate in a no offer or a cold offer. You can share such stories with us by email or by text message (646-820-8477; texts only, not a voice line).
Alas, Biglaw firms are not obliging me. Let’s find out which firms are indiscriminately doling out offers to their summers….
Under what circumstances would you see Gibson Dunn and Keker & Van Nest going up against each other? They’re two of the top litigation firms in the country, known for racking up victories in trial and appellate courts across the land. But they don’t come cheap.
Well, what if the issue was the enforceability of an $18 billion judgment, obtained in a foreign jurisdiction, that the plaintiffs are trying to enforce here in the United States? A highly questionable judgment, which the defendants are challenging on the grounds that it was the product of fraud and falsified evidence?
Hey, did you guys know that Asian people sometimes marry Jewish people? No? Well, the New York Times has noticed, and they’re totally on it! Here’s the paper’s investigative masterpiece on Asian-Jewish intermixing, which manages a paragraph linking Amy Chua and Jed Rubenfeld to the Beastie Boys.
We await a hard-hitting NYT piece on the cultural implications of the WGWAG.
Meanwhile, it’s high wedding season for couples of all races and creeds. Here are three of the most outstanding:
Paul Ceglia’s lawsuit claiming a major ownership stake in Facebook is heating up again. There has been a flurry of court activity over the last couple of weeks, and it looks like things are getting close (we can only hope) to a thrilling conclusion.
In a new, strongly worded ruling, a federal magistrate judge threatened to impose more sanctions on Ceglia and ordered him to produce a letter written by Kasowitz, one of his (many) former law firms, which Facebook’s attorneys say will blow the doors off whatever remains of his case.
We have covered the lawsuit filed — and tenaciously fought — by Paul Ceglia against Facebook and Mark Zuckerberg for quite some time now. The embattled entrepreneur/businessman/whatever claims he owns 50 percent of Facebook, according to a contract allegedly signed between him and Zuckerberg back in 2003.
To be frank, Ceglia is not the most popular litigant. He has been fined by the court, dropped as a client by several respected firms, and roundly criticized by Facebook’s counsel and by the media (including some writers for this particular publication).
Today, we have some updates in the case. Facebook’s attorneys at Gibson Dunn are not impressed, but Ceglia claims the new developments could be game changers. Oh yeah, and we also have an interview with Paul Ceglia, where he dishes on the Facebook case, his other inventions, and his general opinion of the legal profession…
Over the weekend, we passed along some good news about Dewey & LeBoeuf. It appears that the firm has been given a new (even if temporary) lease on life by its lenders. Initial reports suggested that the firm was getting one week or maybe two in order to reach a new debt deal with its banks. It now appears, however, that the firm could be getting a more long-term extension, in the range of 90 to 120 days. The deal still needs to be finalized; keep your fingers crossed.
That’s the good news. Now, back to the bad news: more partner defections from Dewey….
Attorneys for Facebook went on the offensive yesterday, filing a bold motion to dismiss Paul Ceglia’s lawsuit, which claims a 50 percent ownership stake in the company.
Among other things, the motion, which is a product of an extensive forensic investigation, calls Ceglia’s case “a fraud and a lie.”
I am excited to see this motion, and I hope it succeeds. Ceglia and his cockamamie lawsuit have had their day in the sun. It’s time for Mark Z. to move on to bigger and better things, like handling the company’s impending IPO and fixing the stupid Timeline, which is currently only useful for seeing exactly how terrible my friends’ tastes in music are.
Anyway, let’s look at Facebook’s extensive allegations, as well as Ceglia’s unsurprisingly oddball responses….
* It’s time for the Supreme Court to sound off on the battle over women’s wombs, and you know it’s bad when even a sitting justice calls it “a mess.” Can a child conceived after a parent’s death receive survivor benefits? [CNN]
* Disgusting health warning pictures on cigarette packaging and advertising: now constitutional according to the Sixth Circuit. Maybe this will inspire people to quit a habit that’s almost equally as disgusting. [Thomson Reuters News & Insight]
* When Biglaw is involved, so is big money. Say “aloha” to the largest personal injury settlement in Hawaii’s history. The state will pay $15.4M over the hiking death of Gibson Dunn partner Elizabeth Brem. [Am Law Daily]
* A lawsuit filed against fashionista Alexander Wang over his alleged “sweatshop” has been discontinued, and not because there isn’t a case, but because the lawyers on either side have major beef. [New York Magazine]
* The Better Business Bureau has moved to dismiss a Florida law firm’s suit over its “F” grade. Because sometimes the truth hurts, but that doesn’t mean you can sue over it if you don’t like it. [Orlando Sentinel]
* The biggest bimbo from Wisteria Lane gets screwed again, but this time in court. A mistrial has been declared in Nicollette Sheridan’s lawsuit against the producers of “Desperate Housewives.” [Reuters]
The ATL School and Firm Insiders Survey continues to roll along at a nice clip: we expect our 3,000th respondent any minute now. While we’re pleased with this response, of course we encourage all of you who haven’t yet to take 3-5 minutes and head over here to take our absolutely confidential survey. Thanks in advance.
Last week, we shared a few broad trends we’re seeing, and today, we’ll get a little more specific and name some names.
Among other things, the survey asks law students for their perceptions of a select group of firms as potential employers. In our analysis, we’ll look at which firms are considered the most (and least) attractive by law students. We’ll also consider how these perceptions jibe with what lawyers at these firms are telling us….
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: