Ed. note: This is the fourth installment in a new series of monthly posts, brought to you by Corporette’s Kat Griffin, which will deal with topical business and lifestyle issues that present themselves in the world of Biglaw. Send your ideas for columns to us here.
For those of you who don’t know, it’s that time of the year: time to tell the world how much you love your assistant that you’re a great manager by showering your assistant with gifts. Technically the “holiday” runs the entire last full week in April, but Administrative Professionals’ Day itself is Wednesday, April 24.
Of all the ways to say ‘I love you’ this is the most boring.
I hate diamonds. Besides oil, no natural resource is responsible for as much suffering. Wars are fought over diamonds, totalitarian regimes are propped up with diamond money. It all happens because of anachronistic cultural traditions that tell us women should be dressed and adorned like dolls.
Today, western women buy into the convention — because, well, that’s what happens when an entire people is hobbled by generations of unequal treatment — but do not forget that giving engagement diamonds to women is a holdover from a time when a man would pay to buy off the bride from her father. A holdover that has been amped up by the modern diamond industry. It’d be like if every time a white employer hired a black person, they got to strip him down and check his teeth… you know, for old times’ sake. “Here’s your price, now cook me something and be quick about it so I don’t have to beat you” — is what every woman should hear when she receives a shiny bauble for her ring finger.
Of course, my wife wears a diamond engagement ring, because I’m not a freaking hero. In this ridiculous world, even if the woman says “I’m not really into that diamond stuff,” you can’t really be sure and you don’t want to insult her or her family by proposing with a shared New York Times subscription (that made more sense back in the 90s, trust me). Luckily, my wife and I have been able to resist the nearly constant overtures from the diamond industry ever since. Even though every season the television tries to tell us that I just don’t love her very much unless I’m committing 25 percent of my yearly income in a constant shower of stones.
To call the diamond industry “evil” is no overstatement, as reflected in a new lawsuit….
The holiday season is supposed to be full of cheer and happiness, but as an adult, it’s usually full of one thing, and one thing only: stress. Making matters worse is the fact that shopping for those you love can be a bit of a challenge. It’s always hard to tell what someone really needs or will have the opportunity to fully enjoy.
So, I have decided to dedicate this week’s column to giving a few gift ideas for the unemployed or severely underemployed law school graduate in your life. These individuals are likely depressed and highly anxious, so the right gift could act as a sedative — and actually back some of them off the ledge.
The following is by no means a comprehensive list, but it’s a good start….
For those of you that have clients, and in turn, those that have referred them to you, other than an expensively created fake online presence (half, no, two-thirds of my readers just clicked off) you may be wondering how to say thank you to them this holiday season.
Not to worry, as always, I am here to help. No, no, no need to thank me, it’s my pleasure. The following is based on years of receiving crappy and awesome gifts during the holidays and provided in an effort to make you look like at one time before you became a lawyer, someone taught you good manners.
First, I know you like your name or your firm’s name or logo. No one else does. I’ve thrown out more leather binders with law firm logos, coffee mugs, pens, Godforsaken calendars, and things I’m supposed to carry around on in my golf bag that have a law firm name or logo than you’ve received.
Holidays are not a time to blatantly market your firm, they’re a time to say, “Thank you, you did something important for me.” The marketing aspect comes from making an impression without thinking that your logo in the hands of your referral source or client is something special. I know you got all excited when you opened up the box of firm logo trinkets (“Oh, awesome, this is my name on something.”), but please, throw them away….
The story of Dewey & LeBoeuf, the once-great law firm that now finds itself in bankruptcy, continues to unfold — slowly, painfully, and sucked of suspense. We’ve highlighted the latest developments in Morning Docket. They include the hefty compensation paid to Stephen Horvath and Janis Meyer, the two Dewey lawyers involved in wind-down efforts; the $50 million insurance policy that might spell good news to creditors; and the pending revisions to the less-than-popular proposed settlement being offered to former partners of the firm.
That’s the hard news. Today we bring you two bits of color. These anecdotes raise the following question: Would you accept a “gift” from Dewey & LeBoeuf?
I think we can say that the notion of spring bonuses is officially dead. It’s already June, and the summer solstice is right around the corner. The lockstep Biglaw firms are just not going to be paying spring bonuses this year.
But spring/summer tips are still alive and well. When Sullivan & Cromwell announced its spring bonuses, I wrote, “This isn’t a bonus, it’s a tip.” S&C paid its associates between $1,000 and $5,000 this spring, a sum that is really a tip when you are a Biglaw Manhattan attorney.
Now Skadden is getting into the tip-giving game. The partners there are digging deep into their pockets and coming up with some loose change to dispense to their associates. If you work really hard at Skadden, you might just get a gift card! (Hey, it’s more than what Cravath is doing.)
* My Big Fat Dewey Compensation Guarantee: it’s like a movie that no one wants to watch, except it’s happening in real life. But at least the partners got their draws, right? [Reuters; DealBook / NYT]
* Why didn’t John Edwards’s former aide disclose to the government that he refused to lie under oath about his affair? “Because you never asked.” Best. Response. Ever. [MSNBC]
* Maybe Mintz Levin didn’t belong on the list of the Top Ten Family-Friendly Firms after all. The firm’s been sued twice in recent years for sexual discrimination. Oops. [Careerist]
* Baylor Law claimed the top pass rate on the Texas bar exam for the fifteenth time since 2001. Unfortunately, Baylor Law cannot claim a top pass rate on disclosure of private student information. [Baylor University]
* In America, lawyers are pissing off state bar associations by offering their services on Groupon. En México, no es un problema. There, you can buy gift cards for the gift that keeps on giving… divorce! [Huffington Post]
It’s fitting that we recently devoted space in these pages to a paralegal’s lament. This week, the last week in April, is Administrative Professionals Week. It’s a secular holiday devoted to recognizing the work of secretaries, legal assistants, receptionists, paralegals, and other administrative support personnel.
And today is the culmination of the week: Administrative Professionals’ Day. As Elie wrote a few years ago, today is “the official day on which you need to make a financial display of appreciation… but people are supposed to be nice to their secretaries for the entire year week.”
Lawyers, it’s not too late to get your assistant a card or a gift. If you’re on the West Coast, stop at a gift shop on your way into the office. If you’re on the East Coast, step out during your lunch break.
Let’s take this opportunity to reflect on the contributions of administrative professionals….
‘Tis the season to puzzle over holiday gift etiquette at the office. Every year, a few questions come up about this topic — what’s appropriate, how much, whether they really have to, etc. No really, one year, a colleague complained, “Well, I’m not getting much of a bonus this year, so why should I give a gift to my secretary?” What you’d call a true, selfless, holiday spirit.
Obviously, this was back during law firm days, when bonus announcements are made early, unlike at companies, where the grand reveal isn’t usually for another couple of months after wilting trees have been cleared from the driveways. Not gifting your admin wasn’t exactly unheard of at a law firm, though, and I think it evidences a difference between the impact of gift-giving at a large law firm versus in-house.
At a law firm, you could give gifts to every employee at the office (or not) and, while your colleagues would be appreciative (or not), this act (or lack thereof) really wouldn’t make much of a difference in your career. Do you still have zero clients? Okay, still not making partner. Still have boatloads of clients? Continue with deity status.
At a company, on the other hand, you need to find out the unwritten rules for gifting….
After stealing all the Whoville toys, the Grinch planned to re-gift them to his army of lawyers.
I’m much more likely to throw away a gift or give it to charity than to regift something I already have or don’t want. I think I’d live in fear of the original gift-giver meeting up with the regift recipient and talking about how I was a bad friend for orchestrating the whole mess. I’d rather those two people meet up and say, “Did Elie get you anything? No? Too bad. I was hoping he did and you could tell him it sucked. That’s what he told me when he opened my present.” There’s something intangibly sneaky and dishonest about regifting. It’s just not classy.
Of course, people do it all the time. And not because they lack class so much as they lack money. Even if it’s tacky, regifting usually comes from a good place: you want to give presents to more people than you can afford to shop for.
But there’s nothing laudable (or forgivable) about how one small law firm in California goes about re-gifting. They want to send gifts to their clients — so they commandeer the gifts sent to their secretaries and staff, and regift them.
I think this firm missed the “spirit” part of this holiday season….
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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 six years. You can reach them by email: asia@kinneyrecruiting.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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Ed. note: This is the fourth installment in a new series of monthly posts, brought to you by Corporette’s Kat Griffin, which will deal with topical business and lifestyle issues that present themselves in the world of Biglaw. Send your ideas for columns to us here.
