Let’s not play around this year. Let’s not play the cute little game of waiting for Cravath to set the bonus market and then waiting for everybody to inevitably follow Cravath. Let’s not wait for a few outliers to “beat” Cravath while Cravath thinks about maybe doing spring bonuses.
Lower Manhattan is trying to dry off. New Jersey seemingly washed away. If Biglaw wants to help its own people, it’ll get money into their hands as quickly as possible. That’s what will help people in the Tri-State area recover as they clean up from the storm. Biglaw firms should announce (and pay) their bonuses, as soon as possible, so their associates can have some income certainty (and extra income) as they recover.
And Biglaw should end the miserly, recession-era trend of cutting or canceling staff bonuses. This year all the secretaries and paralegals who are being asked to come in and work under unreasonable circumstances should share in the massive profits generated by their firms.
Let’s not mess around. Get the bonuses, whatever they’re going to be, into the hands of the people who have earned them, so they can more easily manage their own personal disasters…
Unless you are working on fixing this, you might not be ‘essential’ today.
I was feeling pretty goddamn sorry for myself yesterday afternoon. I was working when it felt like everybody else on the Eastern seaboard had the day off. I wanted to sit in bed and watch Homeland instead of writing whatever the hell I wrote yesterday. I couldn’t even get a pizza delivered. When New York City immigrants aren’t out there trying to make a buck, you know things are shut down.
But then a crane nearly fell down and I realized that a bunch of people were “remoting in” and trying to work or appear to be work, and it made me feel better. Who are these clients that needed “service” yesterday? What the hell do they want today? Honestly, the worst part about being a lawyer with clients is that I believe “client” is Greek for “unreasonable omega-hole.”
Did you work yesterday? What is your firm’s “storm plan” to keep you billing hours instead of taking A DAY OR TWO off? There are some fun stories about Cravath’s and Orrick’s emergency keep working plans. Let’s take a look and take a poll to see who is really working today…
Ms. JD is hosting their 2nd annual cocktail benefit to raise money for the Global Education Fund. The event will be held on August 21, 2014 at 111 Minna in San Francisco. Our goal is to raise $20,000 to fund the legal educations of four dedicated law students in Uganda who count on our support to continue their studies at Makerere University during the 2014-15 academic year.
The Global Education Fund enable womens in developing countries to pursue legal educations who otherwise would not have access to further education. According to the World Bank, investment in education for girls has one of the highest rates of return to promote development. In Uganda, more than 45% of women over the age of 25 have no schooling at all, and men are more than twice as likely as women to have access to higher education. Together, we can work to end educational inequality. For more information about the program, please visit http://ms-jd.org/programs/global-education-fund/
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.
We at Kinney Asia have made a number of FCPA / White Collar US associate placements in Hong Kong / China thus far in 2014. Most of such placements have been commercial litigation associates from major US markets, fluent in Mandarin, switching to FCPA / White Collar litigation. Some have already had FCPA experience, but those are difficult candidates for firms to find (this will change in coming years as US firms are now promoting FCPA / White Collar to their 2L summers who are fluent in Mandarin and have an interest in transferring to China at some point).
Legal Week quoted Kinney’s Head of Asia, Evan Jowers, extensively in the following relevant article here.
There is a new trend in the market, though, where mid-level transactional US associates, fluent in spoken Mandarin and written Chinese, are interviewing for and in some cases landing junior FCPA / White Collar spots in Hong Kong / China at very top tier US firms.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.