I am a graduate of a T3 law school. I was on a law journal, successfully competed in moot court competitions (regional and national) and loved my clinical experience during my third year of law school. Basically, I love the courtroom, want to be a litigator, and have seriously been searching for a public interest job for a longtime. It just hasn’t happened yet.
However, recently I had the opportunity to interview with BigLaw. It’s a Vault50 firm, with an excellent reputation (like I need to say that). However, the offer I received was for a non-legal position, in the litigation support arm of the firm. The pay isn’t great, but it’s almost in line with what most new lawyers are making anyway (those who aren’t going straight to BigLaw from OCI). Is this a smart career choice? Does the networking opportunity outweigh the cons of the position? I’m just not sure if it’s smart to wait for a real lawyer gig, or take this position and run with it, and be the best non-lawyer I can be at the law firm. Thoughts, comments, advice?
Here’s an issue that outside counsel never think about, but that matters intensely to in-house counsel: How should you charge business units for litigation losses?
For some types of cases, this poses no problem at all. If a company manufactures a prescription drug and gets named in product liability cases involving that drug, it’s pretty easy to figure out which business unit to charge for resulting judgments. (At least I assume that’s true. Perhaps some reader who works in-house at a drug company can correct me if I’m mistaken.)
But think about negligence cases in the context of a service business. At first blush, charging for litigation losses seems pretty easy: The business unit that was negligent and caused the loss should be charged for any resulting judgment.
If only it were so clear. Think about the complexities here: Some clown at the business unit screws up in 2005. The company is named in a lawsuit that’s filed in 2007. The clown changes jobs and leaves the company in 2008. The lawsuit results in a $10 million judgment in 2010. How do you account for that $10 million charge internally?
Sometimes lawyers are rude — really, really rude. And when they get extremely rude in emails with one another, sometimes the result is discipline from the bar. So, counselors, please be polite; treat each other with courtesy and respect.
The importance of common courtesy is a lesson that Florida lawyers Nicholas Mooney and Kurt Mitchell learned the hard way. After they called each other some nasty names over email, charming monikers like “scum sucking loser” and “retard,” they both wound up getting disciplined by the Florida Supreme Court.
Let’s take a closer look at their crazy correspondence, shall we?
Here in New York City, the headquarters of Above the Law, we’re still dealing with the aftermath of the Great Blizzard of 2010. Check out our slideshow for some images (like the one at right).
Although the snowstorm ended on Monday, and it’s now Wednesday night, many streets remain unplowed and many sidewalks uncleared. Mayor Michael Bloomberg, generally praised for his tremendous competence, is taking a lot of flak for the city’s inadequate response.
And that’s just in terms of politics and public relations. Wait until the lawyers get involved!
What possible causes of action could arise out of the snowstorm? Let’s discuss….
This post is a two-fer: It both suggests a way for outside lawyers to develop business more effectively and offers a tip to in-house counsel to protect their legal departments. (I bet you can hardly wait.)
First, the business development tip.
Outside lawyers often ask whether in-house lawyers are annoyed or impressed by the brochures that firms mail (or e-mail) to clients and prospective clients. I, at least, am not annoyed to receive those things. It’s awfully easy to delete things unread, so they don’t exactly impose a burden on me.
But am I impressed by the brochures? Obviously not; that’s why I now typically delete them unread.
What’s unimpressive about the brochures? Let me count the things….
It seems that Cahill Gordon isn’t the only firm putting the 2010 Cravath bonuses to shame. The elite litigation boutique of Susman Godfrey — founded in Texas, but now with offices in New York, Los Angeles, and Seattle, as well as Houston and Dallas — is paying out associate bonuses as big as the Texas sky.
And, like good Texans, the folks at Susman Godfrey aren’t afraid to brag about their success. Unlike many other law firms, which play a ridiculous cat-and-mouse game with their bonus news, SG issued a press release about their bonuses. Such candor is refreshing — and shows that the firm has nothing to hide.
So how much are Susman Godfrey associates taking home this year in bonuses?
I’ve spent my whole life watching my ignorance be exposed.
When I worked at a small firm in California, I thought the whole litigation world was my oyster: We handled all civil cases (other than immigration or family law matters) in all state and federal courts in California.
I moved to a huge firm in Cleveland and lost my bearings: I now held myself out as being able to handle any civil case filed in any court in the United States. (This was a big change. When I worked in California, at least I knew what advance sheets to read. Cleveland set me adrift at sea.) Now, surely, the world was my oyster.
Wrong again. Now I’ve gone in-house, and I’m ultimately responsible for all litigation filed against my company anywhere in the world. The world is my oyster….
It’s time for a brief postscript on one of this month’s juicier (and well-trafficked) stories: the dismissal of three women associates from litigation powerhouse Boies Schiller. We have a few additional tidbits that we can share with you.
But this is probably the last story we’ll be doing on this drama, since we don’t expect anything else to emerge. One piece of information we’ve received is that the associates were offered severance pay — “very generous” severance, in the words of one source — but had to release any claims against the firm in exchange. All three took the deal, including the expectant mother. So don’t expect any “Aaron Charney for pregnant women”-type lawsuits.
What other details can we reveal about the situation?
Whether you are betting the entire company or see winning as only a matter of pride, here are four firms that clients turn to for the best representation in litigation. Prestige and great work experience aside, working at any of these firms will not be a cake walk. Check out how these litigation behemoths fared in the Career Center Associate Survey in case you don’t want to end up working at a firm with unholy advocates or take an offer from the firm you should refuse.
A Supreme Court clerkship is, in the words of Adam Liptak of the New York Times, “the most coveted credential in American law.” When SCOTUS clerks leave their posts at the Court to join private law firms, they get signing bonuses of as much as $250,000 (on top of normal associate salaries and bonuses).
But typically they join their firms as associates (or maybe counsel, if they have a few extra years of practice in addition to clerking). How many clerks come in to Biglaw as partners?
As reported yesterday — by Tony Mauro in The BLT and by Marisa Kashino in Washingtonian magazine, among others — at least one Supreme Court clerk from the Term just ended, October Term 2009, is going to straight into a partnership at a major law firm.
Meet Elizabeth Papez. She clerked for Justice Clarence Thomas in OT 2009. Now she’s joining the D.C. office of Winston & Strawn, where she will practice in commercial and appellate litigation, with a focus on intellectual property and energy law, as well as government relations.
We interview Papez about her interesting career path, after the jump.
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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