Since the Great Recession, it’s far too often that the public hears tales of horror about lawyers drowning in debt. We think it’s time for a change of pace. There are plenty of lawyers out there who have really made it financially — in case you’re mistaken, these people aren’t millionaires, they’re billionaires. These people would laugh at the thought of people suffering under the weight of six puny figures of law school loans.
As luck would have it, there’s a way to keep track of these luxurious creatures. Earlier this week, Forbes released its annual list of the richest people in America, the Forbes 400. Each year, we pore over the list to find the wealthiest lawyers, and in 2014, legal eagles continue to make a strong showing.
Which lawyers made the list this year? Keep reading to find out…
If you’re an attorney, have gone to law school, or are going to law school, you have seen the deposition in which Joe Jamail threatens to knock some geriatric chemist’s dick in the dirt. It’s stunning not because it’s surprising but, rather, because it is exactly what you expect a trial lawyer from Texas to do. When I first watched it, I thought someone had dug up my grandfather’s body and awarded him a posthumous Juris Doctor. The only thing more impressive than Jamail’s language in that deposition was just how nonchalant he was about unfurling his homespun insults. That ain’t your g**d*mned job, fatboy.
Jamail, of course, is famous not only for being a foulmouthed credit to the human race, but also for being paid exorbitant sums of money for his lawyering. This website has spilled a good deal of cyber ink in detailing Jamail’s piles of filthy luchre. And why not!? While the rest of you go about scratching out your bonus-sniffing beta lives, Joe Jamail soars above all that. Love him or hate him, the man crushes you and I in every imaginable category, save wallflowery.
This week, Joe Jamail pumped the brakes on Mack Brown’s exit from Texas. So we get to talk about him. And sports.
Wouldn’t it be nice to be a member of the Forbes 400, the richest people in the United States? Then you can party on a yacht with models and bottlesdonate $20 million to the law school that helped launch you along the path of professional success.
* “I think that you know what the president said … was appropriate.” While the DOJ scrambles to meet Judge Smith’s memo deadline, Attorney General Eric Holder is busy defending Obama’s con law faux pas. [CNN]
* Six more partners have fled from Dewey & LeBoeuf, bringing the grand total of partner defections to at least 46 since January. Good Lord, somebody needs to get this firm a freakin’ tourniquet. [Wall Street Journal]
* Facebook filed a motion to dismiss Paul Ceglia’s ownership claims, but he isn’t going anywhere soon. Ceglia’s got two months to submit expert reports as to the authenticity of his fake contract. [Associated Press]
* Joe Jamail, “America’s richest practicing lawyer,” donated his $3M law library to TSU’s Thurgood Marshall School of Law. Now students can learn more so they don’t have to sue over being graded on a curve. [Fox]
* McDonald’s doesn’t have to worry about its G-rated Happy Meal toys in California anymore. It’s that XXX-rated lawsuit over a former employee’s “Filet-O-Fish” that the company’s really got to keep an eye on. [Reuters]
But they are pikers compared to members of the Forbes 400, the annual list of the 400 richest Americans prepared by Forbes magazine. The 2011 list has been issued — and it contains a number of lawyers and law school graduates….
I am not proud to admit this, but it is possible that my three-year-old niece knows more about branding than I do. I learned this the other day when I was reading my niece one of her favorite books, Fancy Nancy.
For those of you who not know Nancy, she is a little girl who loves to dress fancy, act fancy and talk fancy. For example, this little girl does not say that her favorite color is purple. She prefers fuchsia, a word that is “fancy” for purple. Similarly, Nancy does not want a new hairdo. No, Nancy uses the fancy word “coiffure” instead. For some reason, my niece loves Nancy, but I think she is a showoff. When asked why she loves the know-it-all Nancy, my niece explained that she made things sound better.
Maybe my niece had a point. If you want your small firm to sound better, then use fancy words. As Nancy would explain, do not call yourself a “trial lawyer.” Everyone knows that “litigator” is fancy for trial lawyer. Or is it?
Ed. note: This is the latest installment of Size Matters, one of Above the Law’s new columns for small-firm lawyers.
When I was in sixth grade, my teacher, Mrs. Johnson, asked all of her students to write an essay on who we admired most. My best friend Marni wrote about President George Bush, Sr. She loved America. I wrote about my dad. I loved my family. A classmate named Jay wrote about Ted Turner. He loved money.
Apparently, Jay is not the only person to love money. In fact, I am told that some lawyers chose the profession because they too love money.
Those lawyers work at Am Law 100 firms, right? Not all of them. Not the country’s richest practicing attorney….
Why are so many lawyers interested in making the jump to business? One obvious reason: money.
Look at the list of lawyers who made this year’s Forbes 400. Of the almost 40 lawyers / holders of law degrees who made the cut, only one, Joe Jamail, is a practicing attorney. And he’s all the way down at #269, with a net worth of just $1.5 billion. Poor Joe!
If you’re a partner at a major law firm in a big city, you might someday own a $3 million apartment. But if you want a $30 million apartment, you need to move into business.
Our client is a premier international law firm based in Texas with an immediate need for a mid-level environmental associate in the firm’s Austin office. This firm boasts one of the best environmental practice groups in the state and is known for the quality of its client roster and the collegiality and skill of its attorneys. The winning candidate will have two-plus years of major firm environmental law experience (both regulatory and environmental litigation experience is preferred), Top academic credentials (Top 20 JD; Top of class – no exceptions), and excellent communication skills. Qualified out of market candidates looking to relocate to Texas for valid reasons will also be strongly considered. This is a partnership track position and compensation is at the top of the market.
Don’t hesitate to contact email@example.com for more information. This is one of the best environmental law associate opportunities we have seen in some time and is a rare, major firm opportunity in Austin. The group would also consider adding this hire to its Houston office.
OmniVere’s delivery of end-to-end technology & data consulting to position the company as a true differentiator in the global legal technology and compliance space.
CHICAGO, IL, September 29, 2014 – OmniVere today announced the creation of the company’s technology & data consulting arm and the addition of several industry-renown experts, including the former co-chairs of Berkeley Research Group’s (BRG’s) Technology Services practice, Liam Ferguson, Rich Finkelman and Courtney Fletcher.
This new consulting practice will provide and expand existing OmniVere eDiscovery consulting services to corporations, law firms and government agencies with a special focus on compliance, information governance and eDiscovery. This addition of this top talent now positions OmniVere as a true industry leader in the technology and data consulting space offering best-in-class end-to-end services.
Ferguson, Finkelman & Fletcher are nationally recognized experts and seasoned veterans in the areas of overall technology, electronic discovery, and structured data. At OmniVere, the team will be focused on all global consulting activities with respect to legal compliance, complex data analytics, business intelligence design and analysis, and electronic discovery service offerings.
The Trust Women conference is an influential gathering that brings together global corporations, lawyers and pioneers in the field of women’s rights. Unlike many other events, Trust Women delegates take action and forge tangible commitments to empower women to know and defend their rights.
This year, the Trust Women conference will take place 18-19 November in London. From women’s economic empowerment to slavery in the supply chain and child labour, this year’s agenda is strong and powerful. Speakers include Professor Muhammad Yunus, Nobel Laureate and founder of the Grameen Bank; Phumzile Mlambo-Ngcuka, Executive Director of UN Women; Mary Ellen Iskenderian, President and CEO of Women’s World Banking and many other influential leaders. Find out more about Trust Women here.