A prominent Manhattan lawyer is suing his own daughter. For libel. Because she allegedly harmed his reputation. By seeking an accounting of her trust fund. Which he set up for her and reportedly administers. Got that?
Yes, Dad v. Daughter. How could something this messed-up not be our Lawsuit of the Day? Especially given the claimed size of the trust fund, stocked with such goodies as Hamptons real estate?
It’s hard to get one’s head around these allegations, but the litigation is for real. Let’s take a look at the competing claims. And how much the trust fund was supposedly worth at one point — we’re talking seven figures here….
Nepotism is not a new concept. I would bet that anyone reading this article can imagine an example where nepotism played a role in one’s obtaining a legal job, rising to prominence at a law firm, or securing a client. Some people, including myself, used to scoff at those people. I thought that one should rise or fall based solely on his merit. I was wrong (and naive).
What made me change my tune? Two things. First, I recently came across a study that concluded that ants practice nepotism. The ants can distinguish who their closest relatives are and kill their more distant relations. If ants practice nepotism, that means that we should, too. As the saying goes, if birds do it and bees do it (and even educated fleas do it), we should do it, too.
Second, I recently became a part of a new ant colony. For the next three months, I will be working with my dad. After two days of working together, I can now say that nepotism rules. Screw meritocracy….
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: firstname.lastname@example.org.
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 email@example.com or firstname.lastname@example.org. 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.
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