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…
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: firstname.lastname@example.org.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.
If you are considering a virtual law practice, you know that many of today’s solo firms started that way. But why are established, multi-attorney law firms going virtual?
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:
Reduces malpractice risk
Enables you to gather the best attorneys to fit the firm, regardless of each person’s geographic location
Leverages mobile devices and cloud technology to enable on-the-spot client and prospect communication
Transitioning in-house is something many (if not most) firm lawyers find themselves considering at some point. For many, it’s the first step in their career that isn’t simply a function of picking the best option available based on a ranking system.
Unknown territory feels high-risk, and can have the effect of steering many of us towards the well-greased channels into large, established companies.
For those who may be open to something more entrepreneurial, there is far less information available. No recruiter is calling every week with offers and details.
In sponsorship with Betterment, ATL and David Lat will moderate a panel about life in-house and we’ll hear from GCs at Birchbox, Gawker Media, Squarespace, Bonobos, and Betterment. Drinks, snacks, networking, and a great time guaranteed. Invite your colleagues, but RSVP fast, as space is limited.