Sanctions, like shipwrecks . . .
Most of the iceberg unseen,
is what drowns Leo
For much of eDiscovery’s short history, the primary sales and marketing model has been to push FUD—hard. What’s FUD? It’s Fear Uncertainty and Doubt, and it was allegedly invented by IBM but later made famous by Microsoft, back when it was the most feared company in the technology world (yes, really).
How does FUD work? Something pretty much like this: Start with an uncomfortable and invasive procedure and add a scary giant-head guy (or maybe we substitute a scary judge) to pop up when you least expect it. How to make the FUD go away? Hand over your cash, and lots of it, to the eDiscovery vendors.
The job scene for entry-level attorneys is rough. As we’ve discussed, only 56 percent of the class of 2012 were employed in full-time, long-term positions where bar passage was required. If you strip out school-funded jobs, that employment figure slips back down to where the class of 2011 was, with just 55 percent of them employed as real attorneys.
Recent law graduates are understandably pissed off. They want to put their law degrees to good use, but the constricted job market is forcing them to apply for positions as baristas. They are seething with rage, and they can’t even contain it anymore.
What you’re about to see is the byproduct of what we presume to be a few months’ worth of a failed job search. This disgruntled job seeker took a corporate job advertisement for entry-level attorneys and red-lined the hell out of it — after all, this legal department is looking for red-liners.
Do you think this person should get the job? Check out his stunningly accurate work….
Last week, federal prosecutors in Manhattan charged two former stockbrokers, Thomas Conradt and David Weishaus, with insider trading. There is a legal angle here (aside from the criminal charges and the civil case being brought by the SEC): Conradt is a lawyer, a member of the Maryland and Colorado bars, and Weishaus graduated from the University of Baltimore School of Law a year after Conradt.
To be honest, though, we’re not intensely interested in Conradt and Weishaus. Their alleged misdeeds occurred while they were working in finance, not law; the contours of Conradt’s legal career are somewhat unclear; and as for Weishaus, it’s not clear that he ever passed the bar or practiced as a lawyer.
As regular readers of Above the Law know, we have a weakness for prestige around these parts. So we’re far more interested in the former Cravath associate who, according to law enforceent allegations, made their misdeeds possible….
History is littered with examples of Aussies sticking it to the Brits: from early convict rebellions to the time Rupert Murdoch bought our favourite tabloid newspaper, The Sun, and had a photo of a topless woman placed on its inside page each day — a tradition that continues to this day (semi-NSFW link).
Last week they were at it again when Australian law firm Slater & Gordon used some of the millions generated from its 2007 public listing — the first ever for a law firm — to snap up the large British personal injury firm Russell Jones & Walker (RJW), in an unprecedented £54m ($85 million) cash and shares deal. Once again, the people of the U.K. were left shaking their heads.
Of course, we should have seen it coming. British lawyers have been talking about the deregulatory provisions of the U.K. Legal Services Act (LSA) for years now. And it’s not as if we haven’t been watching the rapid growth of Slater & Gordon — where turnover, staff numbers and office locations have nearly tripled since the firm responded to Australia’s enactment of a similar law by going public — with eyebrow-raised interest from afar.
For some reason, though, we failed to put the two together….
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.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
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