Behind the blue door lies a world of great beauty.
You’d expect a top mergers-and-acquisitions lawyer to have excellent business sense. So it shouldn’t be surprising to learn that an M&A partner at a leading law firm bought a Manhattan townhouse for $837,000 that is now probably worth more than $7 million.
It’s a gorgeous home, very tastefully decorated (which can’t be said of all our Lawyerly Lairs). Let’s see some pictures and learn more about it, including the identities of the owners….
Renowned diplomat Richard Holbrooke, who came very close to becoming Secretary of State, passed away in December 2010. His wife, noted journalist Kati Marton, recently sold the magnificent apartment they shared at the Beresford, the legendary prewar co-op on Manhattan’s Upper West Side.
Over the years, as noted in the building’s Wikipedia entry, the Beresford has been called home by such celebrities as “comedian Jerry Seinfeld, singer Diana Ross, tennis player John McEnroe, Citigroup CEO Vikram Pandit, actor Tony Randall, and musician Laura Nyro.” (I was going to say that Nyro’s publicist must be a Wikipedia admin, but it seems that Nyro passed away back in 1997.)
UPDATE (1/16/2013, 11:45 AM): We just heard from a longtime Beresford resident who advises us that Diana Ross never lived in the building (although the Diana Ross Playground is across the street).
Now the Beresford will be graced by a former Biglaw partner, who bought Holbrooke’s home for an eight-figure sum. Sharing an elevator with Jerry Seinfeld will be….
Back in 2011, the National Association for Law Placement (NALP) produced an extremely useful chart for people trying to figure out where to start their Biglaw careers. The chart, which tracks buying power based on starting salaries for associates, is a great way to find out where you’ll get the most bang for your buck if you land a lucrative Biglaw gig.
NALP’s Buying Power Index continues to use New York City ($160,000) as the baseline. It takes the median starting salary for the class of 2011 and the cost of living index for NYC and sets that figure at 1.00. Cities with a better purchasing power than NYC have a value greater than 1.00. In all, 76 cities have been ranked.
When we first wrote about this, associates in New York City were crestfallen when they found out that their city was number 42 on the list — they realized they were essentially throwing their money down the drain. This year, NYC has tumbled even further down the list.
How badly are they getting screwed, and where can you go if you want greater purchasing power?
Our long national nightmare is over. Law enforcement authorities claim that the so-called “Well-Dressed Groper” or “Gentleman Groper” has finally been caught.
For those outside the New York area who don’t understand how a man who is accused of sexual assault earned the aforementioned monikers, I don’t know what to tell you. I think it probably has something to do with the New York media not being particularly interested in the sexual assault that happens to working-class women all across this city, but this guy was allegedly grabbing the asses of educated women, and he doesn’t wear a hoodie, so… WELL DRESSED GROPER.
The other interesting twist is that this time the police believe they have the right man. Which means that there was a time when they caught and accused the wrong man.
The innocent man was well-dressed, but not a struggling attorney, so I always thought that bust was fishy…
November brought us many things to be thankful for, ranging from time spent with family to hurricane relief efforts to the lawyerly antics worthy of representation in our Lawyer of the Month competition.
In what’s probably a first, the majority of this month’s contestants are judges, with a mere sprinkling of lawyers here and there. But when it comes to laying down the law — at least insomuch as this contest is concerned — these controversial jurists are top notch.
Let’s check out our nominees for November’s Lawyer of the Month….
Tensions between cyclists and pedestrians are always high in big cities, especially a city like New York. When walking on extremely crowded sidewalks, it’s never a pleasant experience to be nearly blindsided as some dude on a bike whizzes by at high speed without a care in the world. We pedestrians are arguably more balanced than those riding bicycles — if one of us got knocked down, we might complain about a scraped knee for a week or two before getting over it. It wouldn’t really be that big of a deal.
But if a cyclist gets knocked down, the consequences could be much worse, and one Sidley Austin lawyer is learning just what a big deal something like this can turn into once the courts are involved. Back in June, Marshall Feiring, tax counsel at Sidley Austin, was arrested and charged with third degree assault and second degree harassment after he allegedly stepped into the bike lane in Central Park and made contact with a female cyclist, causing her to crash.
As if the criminal charges weren’t enough, Feiring is now being sued over the incident….
When I receive the sections of the Sunday New York Times that get delivered on Saturday, the first one I reach for is Real Estate. And one of the first features I read is The Hunt, Joyce Cohen’s delightful column chronicling the victories and defeats of those who dare to take on the New York City real estate market.
A recent installment of The Hunt featured a lawyer who was previously a movie star. With two daughters and a penchant for entertaining, she and her husband had outgrown their three-bedroom condominium on the Upper East Side. They wanted a townhouse. But with a budget of no more than $2 million, they had their work cut out for them.
Who is the actress turned attorney — a star of one of the most iconic films of the 1990s, in fact — and where is her new home?
Maybe he should check out some of the law firms downtown. While most New York-area law firms focused on getting people back to work as quickly as possible after the storm, some shops continue to experience more structural issues.
Not that those firms are talking about it. I guess some firms don’t like to admit that anything can go wrong in the Financial District….
I’ve done some fairly unacceptable things whilst blackout drunk. Life is hard, and navigating this world fifteen to twenty Bud Lights in is nigh on impossible. I fell asleep on a train platform a few months ago. For instance. I was awakened by the bleating of the oncoming train’s horn. WAKE UP AND MOVE YOUR FEET FROM MY PATH BEFORE I CHOP THEM OFF, the train said. I moved them. Still have my feet.
This weekend, an assistant district attorney with the Brooklyn D.A.’s office allegedly lost something more important than his feet. His head. He allegedly lost his head, lost his cool, and probably stands to lose a whole lot more in the days to come.
Michael Jaccarino is the ADA’s name, and it took all the restraint the New York Post had not to scream in its headline, “Wacko Jacko On The Attacko.”
Y’see, Micael Jaccarino allegedly attacked a female EMT early Saturday morning…
Manhattan is going back to work today. The power is on, pretty much. The subways are running, basically. And, well hell there’s money to be made, so get your asses to your desks.
While Staten Island is still a soggy disaster, Emperor Bloomberg has gotten the corporate centers of wealth generation back online in his “luxury city.” And so the city that never sleeps is waking up.
But just because we have power doesn’t mean there is heat. Yeah, the power is back on in SoPo, but in many places the heat isn’t yet working. (This is the case in Lat’s apartment; luckily he’s already in Nashville for an eventtomorrow at Vanderbilt Law.)
So, I guess you need to be able to type with gloves on? A tipster at one Biglaw firm tells us a chilling 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 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.
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!