It’s that time of year. The never-ending winter is finally retreating and we’re getting the few weeks that pass for spring in New York, before the city turns into a humid swamp for four months. The lucky ones who pocketed spring bonuses want an excuse to spend them. Minds drift to thoughts of vacation — a temporary escape from billable hours and fleeting chance to remember what sunlight feels like. If only it were that simple.
Lawyers are particularly bad about this. Biglaw attorneys are lucky enough to get four weeks of vacation each year, but most don’t use them. These 20 paid, get-out-of-jail-free days are part of your compensation package. Refusing to use them is essentially giving your firm 20 days of free labor. I don’t know anyone who negotiates a lower salary or feels guilty about taking advantage of the firm health plan. Why should vacation be different? The Firm has no qualms about taking up all 24 hours of every one of the other 345 days of your year. Why wouldn’t you use your vacation days?
Associates whine that taking vacation from Biglaw is impossible. No it isn’t. Sure, it may be difficult, but it’s certainly not impossible.
Ed. note: Natasha Lydon is a new writer who will be helping out around Above the Law. She graduated from NYU Law School and spent years at a Vault top 50 law firm. She’ll be writing posts and working on some long-term projects. Also she’ll occasionally stop Elie from murdering the English language.
While most of us have been busy watching the worst championship game in history, scandal continues to brew over in that other college sport. Investigators recently issued their official report cataloging all of the alleged wrongdoing that has gone down in relation to the Fiesta Bowl, one of college football’s most prestigious bowl games. If you have a weekend to spare, you can read the public version of the Final Report here.
The Fiesta Bowl commissioned an initial investigation in early 2009 after rumors of campaign contribution improprieties first surfaced. This investigation was conducted by Grant Woods, a former Arizona Attorney General, who offered the Fiesta Bowl the oral conclusion that he had found “no credible evidence” of wrongdoing.
After The Arizona Republic went public with the rumors and people started to suspect that Woods’ investigation was improper (more on this later), the State of Arizona initiated a more serious investigation. Two Fiesta Bowl representatives teamed up with a former Chief Justice of the Arizona Supreme Court to choose an appropriate investigator. The winner was the law firm of Robins, Kaplan, Miller & Ciresi.
After five months of investigating, the firm issued a 276-page tome that reads like an issue spotting nightmare…
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!
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: email@example.com.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!