* 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.
When you talk to a prospective lateral about your firm during their first meeting, the conversation can go deep, sideways, and in circles. There is so much to share and discuss. What path of a dialogue can you follow to get better odds of a favorable conclusion?
Consider this template as a model you can use to discuss your firm’s opportunity. This simplifies the conversation and gives you a mental framework so the discussion is meaningful, relevant and moves things forward.
The Four P’s
In my transition from retained corporate executive search to legal search, I saw that there were many levels of complexity in the move of a partner transitioning from firm A to firm B. In placing an executive in a corporation, it was simple because of the linear nature of relationships in corporations. In a law firm, because of the multi-layered aspect of the interdependent relationships that each partner must manage with others, the dialogue is much more involved.
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 six years. You can reach them by email: firstname.lastname@example.org.
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