Back in July, we brought you some news about the law firms that you should be considering if you’re in search of diversity — the latest Vault rankings for the Best Law Firms for Diversity. In an ideal world, everyone would be able to work at a firm that’s open, inclusive, and welcoming to all.
Unfortunately, that isn’t the world that we’re living in. Now that you’ve seen which Biglaw firms are the biggest on diversity, let’s head down south to the Lone Star state, where it’s anything but a small world after all.
Eighteen of the 20 largest firms in Dallas, Texas, just received failing scores for diversity in a report issued by the Dallas Diversity Task Force. The other two firms received grades of C+. Let’s see which firms made the grade….
Congratulations to Ted Cruz, who will most likely be the next U.S. Senator from the great state of Texas. Cruz, who is currently a partner at Morgan Lewis, just won a runoff election for the Republican Senate nomination. Considering that Texas hasn’t sent a Democrat to the Senate since Lloyd Bentsen in 1988, the general election is probably Cruz’s to lose.
Cruz, 41, defeated a formidable opponent in the primary: Lieutenant Governor David Dewhurst, 66, who had the advantage of wide name recognition thanks to nine years in his current statewide office. Dewhurst, a wealthy businessman, also had money on his side: he outspent Cruz by about three to one. But Cruz — an amazing college debater, known for making his opponents wet themselves (he and I know each other through debate circles) — knows how to fight. And to win.
Ready for some résumé porn? Read on to learn about Cruz’s Texas-sized achievements….
How much English do you have to be able to speak in order to hold elected office? I don’t know, but apparently justices in Arizona think they know it when they hear it.
Continuing Arizona’s quest to become the most racist state in the Union, the Arizona Supreme Court affirmed a ruling that prevented Alejandrina Cabrera from running for a city council seat because she doesn’t speak English proficiently.
But we can’t just “blame whitey” for this one. Here we’ve got a Southwestern case of Latino-on-Latino crime.
Well, you know what they say: when in ‘Zona, do as the xenophobes do…
I was never a huge fan of firm mentoring programs. In the days after firms started cracking down on using mentoring funds for hookers and blow, mentoring became distinctly less exciting. For the male associates, it seemed to revolve around mass quantities of red meat and booze. For the female associates, it was a lot of talk about “feelings,” and “glass ceilings,” and figuring out how to get a manicure on the firm’s dime. And while pretty nails are always nice, it was just one more billable hour that I’d have to make up at night.
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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: email@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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