Email. In the last 20 years it has gone from office novelty to a ubiquitous mainstay of our daily lives. I am not complaining about this; the explosion of email is part of what has fed the growth of document review. Everytime you hit send, a new document is created and a contract attorney gets their wings.
And, oh, the fun of email! Of course there are jokes and forwards, all of which are designed to be entertaining, but there are so many other enjoyable aspects of the medium. Such as the firm-wide screed of a recently terminated document review attorney.
So what Biglaw firm was treated to an angry missive from a fired doc reviewer?
Last year was a pretty great one for partners of Paul Weiss. And we’re not talking just about profits per partner, although we expect they’ll be robust once again.
In June, Roberta Kaplan scored a big win in the Supreme Court in United States v. Windsor. Representing Edie Windsor, a widow who got hit with hefty taxes when her wife passed away, Kaplan got section 3 of the Defense of Marriage Act struck down. Just yesterday, we declared Robbie Kaplan our 2013 Lawyer of the Year.
But she wasn’t the only PW partner who had an exciting 2013. In December, Jeh Johnson left the firm to become our nation’s fourth Secretary of Homeland Security.
On the morning of December 19, Johnson sent around a wonderful departure memo, which we’d like to share with you now….
This is my eightieth column as Anonymous Partner, and the last one that will appear weekly on these pages. I may, on occasion, comment on important pieces that Lat does regarding Biglaw. Based on the things I saw and heard over the last two years, whether at my firm or through people sharing information with me through this column, there will be no lack of Biglaw-related developments to comment on.
So much of the truth about what is going in Biglaw remains hidden, partly by the design of firm management teams and partly by the tendency of those who work in Biglaw to keep quiet. Above the Law adds some transparency, but there’s only so much that it can do. I consider myself fortunate to have had the opportunity to give my take on what being a Biglaw partner means today. I wish I had company, as an industry in change really needs all of those with a stake in its future to speak up….
Things have quieted down a bit on the Weil Gotshal front. About a week has passed since our last report on Biglaw’s biggest source of drama.
Today we have some news to share about WGM — information gleaned from partner departure memos out of Dallas, the site of the biggest defections, and a real estate report from New York, the King’s Landing of Weil Gotshal….
Whenever a law dean abruptly retires over the summer, it’s suspicious. When a law dean abruptly retires and our tipsters start screaming that there’s something more going on here, it’s very suspicious.
And when the university responds to the retirement by essentially saying, “there’s nothing to see here, move along,” then it’s time to fire up the Above the Law crowd-sourcing machine…
Last month, we wrote about a law school graduate who decided to “renounce” his U.S. Citizenship in a departure memo to no one in particular. The letter was somewhat threatening and was sent in the wake of the Boston Marathon attack, so it was a little bit difficult to make fun of him.
But now the guy is out with a video. And it seems like maybe he’s been checked out by the FBI? At the very least, he doesn’t seem to be actively threatening to go on a shooting spree.
Also, a tipster says his “Calvin Candie” voice is a recent affectation. I think we can all feel safe laughing now…
If you have a friend who might be interested in serving as the general counsel to a leading technology company, you might want to give that person a poke. As we mentioned earlier today, a top job is about to open up: Ted Ullyot plans to step down as GC of Facebook in the not-too-distant future.
What types of issues has Ullyot tackled in his time at Facebook? How well has he been compensated in his role? Where might he be headed next?
Let’s look at some SEC filings, as well as his departure memo….
Do little kids actually threaten to run away and join the circus anymore? Do people still go to the circus anymore? When I think of “circus,” I think of “vaguely mistreated animals and freakish humans objectified for the amusement of the masses.”
Over the years, we’ve seen some strange and surprising law firm departure memos. They come not just from associates but from partners as well. See, e.g., this famous (or infamous) Skadden partner’s departure memo.
Today we bring you another weird farewell message penned by a partner. It’s strange because it burns bridges in a big way, making all kinds of incendiary allegations against the Am Law 100 firm involved.
You’d think that a leading employment lawyer would show greater discretion on his way out the door. Well, think again….
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
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: