Bradley Cooper: a very handsome man, but sadly not a lawyer.
Seemingly random small-firm lawyers from Alabama weren’t the only legal types in attendance at the White House State Dinner on Tuesday evening. Indeed, as we’ve previously noted, numerous legal celebrities attended the festivities as well.
Sure, there were some “celebrity celebrities” at 1600 Pennsylvania Avenue that night. The guest list included such boldface names as J.J. Abrams, Stephen Colbert, Bradley Cooper, Mindy Kaling, and Julia Louis-Dreyfus.
But who cares about Hollywood? Above the Law readers are more interested in the government lawyers, federal judges, Biglaw partners and law professors who attended this major social event….
Last year was a pretty great one for partners of Paul Weiss. And we’re not talking just about profits per partner, although we expect they’ll be robust once again.
In June, Roberta Kaplan scored a big win in the Supreme Court in United States v. Windsor. Representing Edie Windsor, a widow who got hit with hefty taxes when her wife passed away, Kaplan got section 3 of the Defense of Marriage Act struck down. Just yesterday, we declared Robbie Kaplan our 2013 Lawyer of the Year.
But she wasn’t the only PW partner who had an exciting 2013. In December, Jeh Johnson left the firm to become our nation’s fourth Secretary of Homeland Security.
On the morning of December 19, Johnson sent around a wonderful departure memo, which we’d like to share with you now….
* Former top Pentagon lawyer Jeh Johnson previously told us he was done with public service, but when the president asks you to join the Cabinet, it’s kind of hard to say no. Plus this Paul Weiss partner is filthy rich, so he can secure our Homeland any day. [Washington Post]
* Earlier this year, Gibson Dunn appointed a seventh-year associate as the firm’s first ever global pro bono director. We wish her the very best of luck as she tries to make lawyers do work for free. That can be a really tough sell in Biglaw. [Am Law Daily]
* Law school rankings existed long before U.S. News was even conceived of, and they broke schools into two lists: those that matter, and those without the “slightest significance.” Sick burn. [National Law Journal]
* Arizona Law alumni really don’t need to worry themselves about the fact that the school’s servers were hacked. Come on, your credit couldn’t be much worse than it already is with all that debt. [KVOA News 4]
* Lady Gaga is nearing settlement with a disgruntled ex-employee, which is too bad, because we were dying to see her get on the stand. The dropping of F-bombs would’ve been fabulous. [New York Post]
‘They tried to make me go to rehab, and I said… sure, it’s better than going to jail!’
* President Obama nominated Thomas Perez, the head of the DOJ’s Civil Rights Division, to be the next secretary of labor. Republicans, of course, are all butthurtt, calling this a “needlessly divisive nomination.” [New York Times]
* Let’s get ready to RUMBLE! Be prepared to see some legal heavyweights next week when the Prop 8 and DOMA cases are argued before the Supreme Court, including Paul Clement and Ted Olson. [National Law Journal]
* How appropriate that Justice Scalia should break out the Spanglish for an Arizona voter registration law that requires proof of U.S. citizenship. Our beloved Wise Latina probably wasn’t too thrilled by this. [New York Times]
* To promote pay equity in law firms, the ABA is encouraging bar groups to hold conferences on the topic. The question on everyone’s minds, of course, is whether those conferences are billable. [Thomson Reuters News & Insight]
* Law schools aren’t the only places where transparency is lacking. Jeh Johnson, the DOD’s former general counsel, thinks the secrecy swirling around drone strikes is bad for the government. [At War / New York Times]
* The members of Debevoise’s displaced trusts and estates practice team have been picked up by Loeb & Loeb. Enjoy your new home, and your new — presumably lower — compensation package. [Am Law Daily]
* Lindsay Lohan took a plea deal yesterday, and instead of going to jail, she’ll be going to rehab to be kept under lock and key for 90 days. I’d say this is bad for her career, but who are we kidding? [Los Angeles Times]
* Casey Anthony’s trustee just answered my prayers. He wants the ex-MILF to sell her story to pay off her debts. I demand that LiLo be cast in the role! She’s the only one broken enough to pull it off. [Washington Post]
The wars in Iraq and Afghanistan. The fate of Guantanamo Bay. The repeal of “Don’t Ask, Don’t Tell.” The rise of WikiLeaks. The raid on Osama Bin Laden’s compound. The conflict in Libya.
On these and many other critical national security legal issues, one of the most important advisers to Defense Secretary Robert Gates and President Barack Obama’s White House has been Jeh C. Johnson, General Counsel of the Department of Defense. In light of his role as senior legal adviser to the largest government agency in the world, responsible for the work of over 10,000 lawyers, it is no understatement to describe Johnson as one of the powerful and influential lawyers in the entire federal government.
I recently went down to Washington to interview Johnson in his office at the Pentagon. If you think security at your law firm is tight, visit the Pentagon. I had to pass through a metal detector and multiple security checkpoints before arriving at Johnson’s office, located on the E Ring within the mammoth structure — the world’s largest office building by floor area, with over 6.5 million square feet housing over 25,000 employees. (I was accompanied at all times by a member of Johnson’s staff, which prevented me from getting lost inside the maze-like complex.)
Before entering Johnson’s private office, I had to surrender my Blackberry – the office is a SCIF (pronounced “skiff”), or “Sensitive Compartmented Information Facility.” This means that it is specially designed to prevent eavesdropping, thanks to walls and doors of specified thickness and the use of jamming technologies. The windows of Johnson’s office, tinted a yellowish green, are blast-resistant and designed to preclude visual surveillance.
Once I made it to the inner sanctum, I was in for a treat. My wide-ranging discussion with Jeh Johnson covered his remarkable career path, which has included service as a federal prosecutor, partnership at a top law firm (Paul Weiss), and his current post as GC of the Defense Department; the virtues of public service, as well as the growing challenges for lawyers interested in it; and Johnson’s advice for law students and lawyers who aspire to careers in government (hint: keep your nanny on the books)….
Katherine Forrest: Why isn't her net worth higher?
As I’ve previously mentioned, one of my favorite parts of the judicial nomination process is the attendant financial voyeurism. Judicial nominees are required to make detailed disclosures about their finances, allowing us to learn about their income and net worth. For example, thanks to her nomination to the Supreme Court last year, we got to learn about Elena Kagan’s net worth.
Last week, the Senate Judiciary Committee released financial disclosure reports for several of President Obama’s recent judicial nominees — including antitrust litigatrix Katherine B. Forrest. Forrest has been nominated to the mind-blowingly prestigious Southern District of New York, perhaps the nation’s finest federal trial court. As a highly regarded lawyer who has won numerous awards and accolades (listed in her SJC questionnaire), Forrest will fit right in if confirmed to the S.D.N.Y. — a superstar among superstars.
The fabulous Forrest currently serves as a deputy assistant attorney general in the Department of Justice’s antitrust division. She joined the DOJ last October — a commendable public-service commitment that required her to relinquish her partnership in one of America’s mightiest and most prestigious law firms, Cravath, Swaine & Moore. When she left to pursue government service, Forrest had been a Cravath partner for over 12 years (since 1998), and had been with the firm for about 20 years in all (since 1990).
At the time of her departure for the Justice Department, Katherine Forrest had been taking home hefty paychecks for decades. First she was an associate at Cravath, which pays its people quite well, in case you hadn’t heard. Then she was a partner at the firm (reportedly one of the most well-liked and most powerful younger partners) — from 1998 to 2010, a period in which average profits per partner at CSM routinely topped $2 million and occasionally exceeded $3 million. And remember that Cravath is a lockstep partnership with a reported 3:1 spread, meaning that the highest-paid partners make no more than three times as much as the lowest-paid partners. So it’s not possible that she was earning, say, $400,000, while other partners were earning millions (which can be the case at firms with higher spreads).
In light of the foregoing, what is Katherine Forrest’s net worth, according to her Senate Judiciary Committee financial disclosures? Not as much as you might expect….
In prior posts (here and here), we reported on the impressive legal team that President Barack Obama has assembled to staff key positions in his administration. Like many of the Bush Administration lawyers they’re replacing, the Obama lawyers have impressive pedigrees: degrees from top law schools, often with honors and/or law review experience; impressive clerkships, including many SCOTUS clerkships; and stints at leading law firms (but with WilmerHale and Williams & Connolly replacing Gibson Dunn and Kirkland & Ellis as the feeder firms).
Several legal superstars are making big financial sacrifices to go into government service. They can expect low six-figure salaries as government lawyers, a far cry from the seven figures that some of them — not the law professors, but the Biglaw partners — earned in the private sector. As reported by Ken Vogel over at Politico:
Eric Holder, President Obama’s nominee for attorney general, will get a separation payment from his firm, Covington & Burling, of between $1 million and $5 million, plus a share of the firm’s profits from this year “based on work performed through date of separation,” and a repayment of between $500,000 and $1 million from the firm’s capital account…. [Holder] earned $3.3 million last year as partner.
Jeh Johnson, Obama’s nominee to be the Pentagon’s top lawyer, would get a severance of between $1 million and $5 million from Paul, Weiss, Rifkind, Wharton and Garrison, an international law firm. He’ll also get his $200,000 capital investment back from the firm, which paid him $2.6 million last year as a partner.
For more details — e.g., how much Eric Holder and Jeh Johnson’s retirement plans and pensions might be worth — see Politico.
In our earlier hiring round-ups, we missed a few names. Many tipsters came forward to fill in the blanks.
Learn about the latest legal eagles to land in the Obama nest, after the jump.
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
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The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: