Since 2008, Crain’s New York Business has produced a list of the Best Places to Work in New York City. Each year, a few law firms sneak onto the list, much like the situation with Fortune’s 100 Best Companies to Work For list.
This year, seven law firms made Crain’s list, while only four made Fortune’s list, as of January 2012. Just two firms overlap between Crain’s and Fortune’s lists.
Which ones are considered tops in the city that never sleeps? Let’s find out…
* Stop bullying the judges on the Foreign Intelligence Surveillance Court. They don’t cave to just any government data request — they make changes to about 25 percent of them. But uh… they don’t like to talk about the other 75 percent. [Bloomberg]
* Everything’s bigger in Texas, including the number of Biglaw firms with failing grades for diversity. Hunton & Williams, Patton Boggs, and Thompson Coe are by far the worst offenders of all 19 large firms, with ZERO minority partners. [Texas Lawbook]
* A contract attorney is currently facing criminal charges for felony overbilling (which isn’t actually a real crime, but it’d be cooler if it was… plus it would make lots of lawyers from DLA Piper cry). [Radio Iowa]
* Well, at least one school got the message about the tuition being too damn high. Iowa Law is reducing tuition for out-of-state students by about $8K in the hopes of filling more seats. [Des Moines Register]
* Amanda Knox, more commonly known as Foxy Knoxy, says that she’s no “femme fatale,” but she’s being portrayed, again, as a “sex-obsessed she-devil” after already being acquitted of murder. [Reuters]
* Fashion designer Christian Louboutin was seeing red over the use of his trademark red soles in anti-Islam political messages, so he sued over it, and this time, he won. Rejoice, fashionistas! [New York Magazine]
Here’s some friendly advice: when you’re drunk, try to keep your mouth shut. Or at least keep your work-related thoughts to yourself. This is certainly true for junior lawyers, but it goes for partners as well.
According to a complaint just filed by the Securities and Exchange Commission, an IP partner at a leading law firm had a few too many drinks, then got a little “TMII” — “too much (inside) information” — with his investment adviser. That adviser then traded on the material, nonpublic information, the SEC alleges….
* Even at the top of the in-house food chain, women lawyers are still paid less than their male counterparts. But hey, at least they’re not being forced to cry poverty like their in-house staff attorney brethren. [Corporate Counsel]
* Neil Barofsky, the former King of TARP in the United States, is making the move to Jenner & Block, specifically because as opposed to all other firms, “Jenner took the side of really getting to the truth of the matter.” [Reuters]
* Luxury fashion is fun: four Biglaw firms, including Cleary Gottlieb, Cravath, Torys, and Proskauer Rose, all took Tim Gunn’s mantra to heart to make it work for the $6 billion sale of Neiman Marcus. [Am Law Daily (sub. req.)]
* If you want to try some lawyer, we hear that they taste great when poached this time of year. Speaking of which, Troutman Sanders just reeled in three attorneys from Hunton & Williams. [Richmond BizSense]
* Are you ready for some tax law?! The NFL and other professional sports leagues might lose their nonprofit status if new tax reform legislation makes it through the House and the Senate. [Businessweek]
* Billable hours in Biglaw are down 1.5 percent, and 15 percent of U.S. firms are planning to reduce their partnership ranks in early 2013. Thanks to Wells Fargo for bringing us the news of all this holiday cheer! [Thomson Reuters News & Insight]
* Hostess may be winding down its business and liquidating its assets, but Biglaw will always be there to clean up the crumbs. Jones Day, Venable, and Stinson Morrison Hecker obviously think money tastes better than Twinkies. [Am Law Daily]
* How’s that “don’t be evil” thing working out for you? Google’s $22.5M proposed privacy settlement with the FTC over tracking cookies planted on Safari browsers was accepted by a federal judge. [Bloomberg]
* Perhaps the third time will be the charm: ex-Mayer Brown partner Joseph Collins was convicted, again, for helping Refco steal more than $2B from investors by concealing the company’s fraud. [New York Law Journal]
* H. Warren Knight, founder of alternative dispute resolution company JAMS, RIP. [National Law Journal]
Last week, we discussed the effort by Dewey & LeBoeuf to hold on to departing partners by enforcing its 60-day notice requirement. Partners that leave without complying with the requirement can miss out on profit distributions.
Alas, the response of many partners seems to be, “So what?” Yesterday brought word of about eight partners leaving Dewey. And since our story this morning about Dewey’s tax-time troubles, even more defections have been announced.
So who are the latest lawyers to leave, and where are they going?
Today, as you probably know, is the deadline for filing your taxes. As was the case last year, the combination of April 15 falling on a weekend and the little-known holiday of Emancipation Day pushed the filing deadline back a bit.
Did you appreciate the extra time to fill out your tax return? Partners at Dewey & LeBoeuf probably did, due to some problems with their K-1 forms.
And speaking of partners at Dewey, their numbers continue to decline. Let’s look at the latest defections, as well as the tax issue.
UPDATE (10:30 AM): The game of musical chairs continues. Six more Dewey departures, which we learned about shortly after publishing this post, after the jump.
Our hazing shenanigans are cheeky and fun! Your shenanigans are cruel and tragic.
* There is a woman on my block who walks her inconceivably yappy dogs every damn day at 4:45 PM. Do I routinely go outside and yell at her to shut her dogs up? Yes. Do I pepper spray her pitiful excuses for K-9 companions, like this Hunton & Williams partner allegedly did? No. At least not yet… [Gossip Extra]
* As a Dartmouth undergrad, this current UVA Law student oversaw fraternity initiation rituals, which allegedly involved “chugging ass beers, eating vomelettes, and consuming pure vinegar.” Jesus. That might even be worse than the elephant walk. [Ivy Gate]
* The gospel of Elie Mystal is officially snowballing. Next, I think he needs about a dozen disciples, some flowy robes, and a good set of sandals. [Gawker]
* As a lifelong baseball fan, I’m honestly kind of glad that American football is now on the national hotseat. Yeah, steroids are bad, mmkay. But at least Bruce Bochy doesn’t reward his players for putting the visiting team in the hospital. [ESPN]
* Ponzi schemer extraordinaire Allen Stanford bravely faces the music. [Dealbreaker]
* Who said it’s tough to get a lawyer job these days? Clearly, all you need is a father in the state Senate willing to trade political favors for your employment opportunities. [Press Connects]
* Hopefully the Skadden clerk responsible for botching work for Las Vegas mogul Steve Wynn doesn’t end up up like Joe Pesci at the end of Casino. [Am Law Daily]
* All you lonely Manhattan Biglaw attorneys will now have to find somewhere else to find buy your “Dream Girl” or “Ultimate Elite Model.” [Dealbreaker]
This year, seven law firms made Crain’s list, and as we told you back in January, only four made Fortune’s. Three firms are new to Crain’s list, while the other four moved up or down in the rankings. Just two of those firms overlap between Crain’s and Fortune’s lists.
It appears that congratulations and condolences are both in order. So, which law firms are considered the cream of the crop in New York City?
The cutting-edge information and security practice of Hunton & Williams is getting the firm lots of media attention these days — but not of the positive variety. The firm’s lawyers are getting coverage due to their information becoming insecure after a hacktivist group leaked emails they exchanged with security firm HBGary.
Last night, the firm’s logo was flashed several times on the Colbert Report, as Stephen Colbert named the firm as the link between the DOJ, HBGary, and Bank of America, in coming up with questionable tactics for undermining liberal activists. (See our prior post, Hunton & Williams Gets WikiLeaked.)
What is most significant here is that you have these plans that are clearly crossing a legal line, with very serious players involved. Law firms like Hunton & Williams are the most powerful in D.C. And no one at any point said, “Maybe this goes a little too far, maybe we shouldn’t be doing this.” So willing to cavalierly to put a plan like this that clearly proposes illegal steps down on paper. It clearly shows that this sort of stuff in this world of corporate and government consortium of power is pretty normal, is par for the course.
Moral of the show: BigLaw + BigGov = Evil. Check out Colbert’s telling of the “techno thriller” tale (after the jump). Think Star Wars, with Bank of America as Darth Vader, HBGary and Hunton & Williams as commanders of the Imperial Forces, WikiLeaks as Princess Leia, and Anonymous as Han Solo….
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 seven years. You can reach them by email: email@example.com.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at firstname.lastname@example.org or email@example.com. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
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