* Patton Boggs partner Benjamin Ginsberg serves as the Mitt Romney campaign’s top lawyer, and he’s taking flak for GOP rules revisions that have been likened to “killing a fly with a sledgehammer.” [Am Law Daily]
* “I am still shocked that I did everything right and find myself on the brink of destitution.” This just in from the Things Everyone Already Knew Desk: even law firms have been hit hard by the recession. [Washington Times]
* The lead lawyer in the inquisition against Madam Justice Lori Douglas turned in a resignation letter. Perhaps he grew tired of being part of judicial farce that’s spread wider than Her Honor’s legs. [Canadian Press]
* A would-be law student wants to know if he has a good chance of getting into a top 20 school with a low 150s LSAT and an average GPA. You’ll get in everywhere you apply! [Law Admissions Lowdown / U.S. News]
* Roger Fisher, Harvard Law School professor and co-author of “Getting to Yes,” RIP. [WSJ Law Blog]
The news of the day is that GOP frontrunner Romney released the previous two years of his tax returns. Romney’s 2010 adjusted gross income was $21,661,344. His estimated AGI for 2011 is $20,901,075. If all of that income was taxed at the highest tax rate, Romney would be paying around $7 million in federal taxes. But only true idiots and Republicans trying to scare people in election years actually believe that wealthy people pay anything approaching a 35% income tax in this country. Instead, Romney’s effective tax rate was about 14% in 2010 and is estimated to be around 15% in 2011. My effective tax rate was higher than Mitt Romney’s in 2010, and I don’t even get to like firing people.
But Romney is trying to spin his tax returns as an example of how “complicated” that tax code is. And the mainstream media is overwhelmed and helping to push that line. But these taxes are not complicated for a tax lawyer — and when you make $20 million a year, you can afford some good ones, so doing your taxes is about as complicated as writing a check for legal fees…
Last week, you might have noticed a pop-up asking you to participate in our straw poll of potential Republican nominees. You were only supposed to see it once — if you saw it more than once, it’s because you hate cookies.
The poll was put together by a new member of our Above the Law team. Please welcome Brian Dalton, the new Director of Research at Breaking Media. He comes to us from Vault.com, where he was Director of Research & Consulting. Dalton will be putting together information for us at a statistically significant level. He’ll be telling you guys how you think.
With over 1,000 responses, we’re able to call the GOP primary and crown the lawyers’ choice among the candidates. Breaking news: it’s not Mitt Romney!
Well, I mean, Romney’s gonna win. Everybody knows that. But the guy lawyers want to win is very interesting. I’ll let Brian explain….
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: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.