In-House Counsel

‘Hmm, do I really need a JD/MBA?’

* “I’m 98, and I don’t want to depart this world with this thing hanging over me.” Miriam Moskowitz was convicted more than 60 years ago, and now Baker Botts is trying to help clear her name before she dies. [WSJ Law Blog]

* “Get a lawyer, you know how this works.” Boston Scientific’s chief counsel was killed earlier this week, and police think that they may have identified a suspect — her his former flame — in the brutal murder. [Minneapolis Star-Tribune]

* According to a recent study, California’s affirmative action ban has done some damage to minority admissions rates at both Berkeley Law and UCLA Law, and now things like this happen to their minority students. It’s quite sad. [Daily Californian]

* The ABA has delayed taking action on Concordia Law’s bid for accreditation, and instead appointed a fact-finder. We’ll help you with this fact of the day: we don’t need more law schools. [National Law Journal]

* If you’re thinking about signing up for a JD/MBA, then congratulations, at least one of those degrees may prove to be useful to you in some way, someday. [Law Admissions Lowdown / U.S. News & World Report]

As I promised in my last post, we’ll take a look at the “mindfulness” trend and see how it can help us to become better-looking lawyers. I mean, better lawyers. What is mindfulness? According to Jeena Cho, over at The Anxious Lawyer, mindfulness is “paying attention to each moment without preference or judgment.”

Jeena points out that the law practice involves constant stress, distractions, mental juggling, and multi-tasking. Our minds are integral to our careers, yet “we rarely think about maintaining a healthy, happy mind. Mindfulness meditation trains the mind just like exercise trains the body.”

That’s what Jeena said. But what I actually heard was: “You too can become a Jedi Master, young Padawan….”

What’s so great about mindfulness? According to Jeena, mindfulness can have lots of physical and mental benefits. For example, it can increase your ability to cope with stressful or painful situations, decrease negative physical and psychological symptoms, improve self-esteem, increase energy, and improve pain levels. And more.

Well, that’s a pretty cool list. I asked her whether it could also make me fabulously wealthy, or let me retire early, or at least help me to figure out how to deal with that pesky Naboo royal cruiser that’s been flying around my yard lately…?

double red triangle arrows Continue reading “Moonlighting: Mindfulness For Lawyers And The Jedi Master”

A full house for last week’s in-house counsel panel at Betterment.

Last week, Betterment and Above the Law hosted a great panel discussion about working as an in-house lawyer at a relatively young company. The event, hosted at Betterment’s spacious and airy offices in New York’s Flatiron neighborhood, drew a standing-room-only crowd of around 200 people.

How can you get a job as an in-house lawyer for a startup? And what’s life like once you’re there?

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First, thanks to Baker & McKenzie, DLA Piper, Latham & Watkins, and Ulmer & Berne, all of whom endured my “book talk” about The Curmudgeon’s Guide To Practicing Law when I was recently back in the States.

Second — and proof that my mind is navigating on its own — I recently paused to think about driverless cars.

I suppose that, if you lived (as I do) in a major city that may be road-testing driverless cars before January, you’d be curious about these vehicles, too. (You’d want to consider, for example, whether you should stay on the sidewalk, even if that means walking endlessly in a one-block circle for the rest of your life.)

And if you labored (as I do) in the insurance (or insurance brokerage) space, you’d be scratching your head about what might happen to your industry if billions of dollars of auto insurance premium vanished (or was spent by people other than drivers) overnight. Lawyers for insurers should be thinking about driverless cars.

So, too, should lawyers outside the insurance space. Do you do DWI defense work? Your practice area may not exist in ten years. Do you participate in automotive accident or product liability cases? The world may be about to shift under your feet.

And I’m just getting warmed up here. . . .

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Ed. note: This is the latest installment in a series of posts on lateral partner moves from Lateral Link’s team of expert contributors. Michael Allen is Managing Principal at Lateral Link, focusing exclusively on partner placements with Am Law 200 clients.

For senior associates up for partner, firms have become increasingly focused on business potential and less so on an associate’s ability to outclass others in the courtroom or at the negotiating table.

In the days of yore, the partner track in Biglaw was oftentimes a reward for consistent competence and professionalism. In an era of PPP and RPL, most firms (other than the Cravath, Quinn, or Simpson Thacher types) are less likely to promote associates unless they see real revenue-generating potential.

If you find yourself in your fifth to tenth year and are unsure whether you will make partner, here are four steps to help you steer your career…

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* Nothing demands a SWAT team like a 90-year-old woman. [Lowering the Bar]

* Not so much legal, but here’s Princeton Review’s ranking of the best and worst colleges. If you’re looking for hard liquor, head to Iowa City. [TaxProf Blog]

* Dewey know what Al Togut’s going to say about law firm bankruptcies. Yeah, I know, but we’re just going to keep riding this pun. [Forbes]

* Corruption in New Orleans? Hold on, I need a second to let this sink in. [The Times-Picayune]

* Be sure to come by Betterment on Wednesday to hear from a panel of general counsel about the transition to in-house work for a startup company. [Above the Law]

* The CFPB is cracking down on debt-collecting law firms. So if you’re a bottom-feeder, the government is coming for you. [Gawker]

I used to be smart.

I read cases. I ginned up clever distinctions. I examined witnesses and knew what the evidence said. I argued appeals. I wrote real, substantive articles.

I had interesting things to say about multidistrict litigation, class actions, and product liability defense.

I spoke at CLE classes — both to maintain my (and my firm’s) profile and because I had worthwhile things to say.

I coulda been a contender.

But that was then.

I’ve been in-house for nearly five years now, and I’ve become a fool. . . .

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Julius Towers

Our latest Lawyerly Lairs column is about a gay Filipino lawyer’s hunt for a new home on the island of Manhattan. (No, it’s not about me; I’m quite happy where I am, and I don’t own any dogs.)

Julius Towers, a 36-year-old intellectual property lawyer for Colgate-Palmolive, recently relocated from Queens to Manhattan. His search was complicated by a couple of canines: Felix, a Shiba Inu, and Athena, a golden retriever-poodle cross.

What was Towers’s budget, and where exactly did he wind up?

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I must have reached a certain age.

Within the last month, three different people have contacted me to say that they’re approaching retirement, so it’s time to start serving on boards of directors. These folks came to me (of all people!) to network.

By keeping my ear so close to the ground, I’ve discovered the new, new thing. And you’re in luck — I’ll share it with you!

Everyone’s getting old and thinking about retirement.

Or maybe I’ve buried the lede. Maybe hordes of baby boomers are now thinking about finding a part-time job that pays good money and keeps you entertained after you’ve stopped working full-time.

That’s not a bad strategy, really. If you’re industrious, you could serve on four or five boards, carefully analyze the board materials before each meeting, monitor the companies’ fortunes, contribute insights and ask tough questions during the meetings, and follow up after meetings in pursuit of the corporate good.

On the other hand, if you’re less industrious, you could show up for a few board and committee meetings every year, enjoy cocktails and dinner with the boys, sit like a cardboard cutout during the meetings, and pocket a few hundred grand annually for your efforts, . . .

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Betterment EventTransitioning 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 partnership with Betterment, ATL and David Lat will moderate a panel about life in-house, featuring GCs from 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.

Details and panelists appear below…

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