An ethics scandal is one thing. A sex scandal is another. The combination is amazing. That’s what happened when a lawyer was accused of billing a client $900 for a number of sexual encounters after starting up an affair with her. A guy’s gotta get paid.
This was the story of Thomas Lowe, a Minnesota attorney who got his Arnie Becker on by hooking up with a woman he was representing in a divorce and billing her, resulting in his indefinite suspension.
All this went down last year, but now — out of nowhere — we have a response from Thomas Lowe….
It has been a while since I took the S.A.T, but here goes. Nancy Grace: Casey Anthony Verdict; Valerie Katz: ________.
A. Ramona Singer Pinot Grigio;
B. Biglaw Spring Bonuses;
C. Closed Compensation Model in Small Firms;
D. All of the above;
E. None of the above.
Correct Answer: C. I, like Ms. Grace about the Tot-Mom verdict, am full of rage about closed compensation models in small firms.
A “closed compensation” model is defined as one “where partners in a firm do not know how much the others earn. While partners generally have a sense of how compensation is determined, they will not be party to the outcome by which individual compensation is arrived at.” An “open compensation” model, by contrast, is “one where individual partner compensation is known by all partners of the firm.”
A recent study by the Institute for Women’s Policy Research found that almost half of all workers in the U.S. “are either contractually forbidden or strongly discouraged from discussing their pay with their colleagues.” And, 66.7% of the respondents to my salary survey reported that they did not know the compensation that other associates earn.
Why does this make me think “the devil is dancing?” Find out after the jump….
On Sunday night, I was sitting on my couch eating Chicken McNuggets®, when Lat Skyped™ me. The following is a faithful transcript of our conversation.
Lat: Hey Juggs, I’ve got an assignment for you. Wait, why aren’t you wearing a shirt? Me: Why are you wearing a top hat? L: Touché. Listen, I have an idea for a pretty delicious story. Did you read that article in the Times about Headline News’s coverage of the Casey Anthony trial? M: I only read Mad Magazine. L: Okay, well, listen. Is there any way you can put on a shirt? M: *mumbles angrily and stomps off camera to find a respectable shirt* L: Okay, cool. Listen, that post you did about Jose Baez got some deliciously high page views. This trial is apparently through-the-roof popular and I think I know what you can do to cover it. M: Go on. L: I want you to… wait for it… spend a day watching Headline News. You watch the coverage, scribble down some thoughts and… presto! We’ve got ourselves a delicious post. M: Do I have to wear a shirt? L: Jesus, what the f**k is it with you and shirts? No. God, I don’t care. Wear whatever you want. Just watch TV and write down your thoughts. You think you can do that? M: Sure. I’ll be like Marlow, exploring the Heart of Darkness. L: That’s another thing. Your random literary references. They barely make sense and I’m pretty sure you haven’t read any books. M: Your top hat’s stupid. L: Okay, just do this. Ciao. M: Seacrest out.
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.