So I’ve quit my job at Debevoise and I’ve spent six glorious months on my couch. Life is good. My wife is making money and paying the bills; my new dog has become a wonderful friend (first Monday of my Biglaw liberation I went to the ASPCA). My Michigan college football dynasty is undefeated in EA College Football (I root for Michigan sports, long story).
But I know it can’t last. I know eventually I’ll have to get a real job (ish). And I know that I don’t want to go back to doing what I had been doing, so I make what seems to me to be the most logical call in the universe: the Career Services Office at Harvard Law School. Remember, these were the people who told me that I could do all sorts of things with a law degree besides the Biglaw thing that most people did with law degrees. This was the school that owned all my outstanding debts. These were the people, if any, who could help me in my time of professional ennui.
And they did. After emailing and calling in and setting up a phone appointment, I was talking not to some receptionist flunky, but the full-on Dean for Career Services, Mark Weber. And he tried to help. Turned out I really had no clue what I wanted to do next, so much of his advice was basic stuff like “we have lots of successful alumni, you should call them.” The point is that I felt like my law school still cared about my career and still had resources to help me, years after I graduated.
Of course, that was back during the salad days at Harvard Law. Apparently, things are very different during these challenging times at NYU Law School. A recent grad there emailed his career services office looking for help, and was told pretty clearly that nobody had time to assist him.
See, our guy had one job, and it would seem NYU Law is in some kind of triage mode…
One rumor had the firm closing its doors as early as tomorrow. Another suggested a date closer to Memorial Day. The truth may lie somewhere in between: according to sources cited by Am Law Daily (reg. req.), “Dewey is poised to close by May 15 and possibly sooner.”
(Also at Am Law, a very handy Dewey Departure Tracker. It lists each defector’s name, practice area, departure date, new firm, and location. It’s a great resource.)
The May 15 date makes some sense. As reported by Thomson Reuters News & Insight, on Monday the firm received a two-week extension from lenders for renegotiating its $100 million credit line. Assuming the parties can’t reach a new agreement, which seems like a good assumption right now, the new deadline would fall on or about May 15, the shutdown date mentioned by Am Law.
Compared to other outlets, we’ve been focusing a lot on the human side of the Dewey story. We’ve talked about the partners, including the particular partners who might be blamed for Dewey’s demise. We’ve talked about the staff, bringing you a paralegal’s lament.
Tonight let’s consider the fate of would-be Dewey associates, both full-time and summer associates, who now find themselves left in the lurch….
As usual, UPDATES — including one relating to support staff — after the jump.
Ed. note: This is the latest installment of Size Matters, one of Above the Law’s new columns for small-firm lawyers.
As discussed previously, Steven Harper threw down the gauntlet when it comes to top law schools focusing all their recruiting efforts on Biglaw placements. And the woman who reads my tea leaves said that small law firms are becoming the new black. But you do not need to take their word for it. I have it from on high (i.e., from someone at Harvard Law School) that small law firms might merit the attention of the top of the U.S. News law school hierarchy.
I decided to test my working hypothesis — that graduates from top schools are considering small firms for their post-graduate employment — on the head of the Office of Career Services at HLS, Assistant Dean Mark Weber….
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…
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 protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.