It’s a familiar refrain around these parts: it’s tough to find legal employment, unless you got into one of the top law schools. The prevailing wisdom is that students at the “best” (i.e., highest-ranked) law schools have been protected from the recession-dampened job market facing recent graduates of most American law schools. “HYS” (Harvard, Yale, Stanford), “CCN” (Columbia, Chicago, NYU) — these law schools are thought to be safe bets for people who would like to be employed upon graduation.
But are they?
We know that things aren’t as bad for students at top schools as they are for people attending schools that are not ranked as highly by U.S. News. But that doesn’t mean a degree from a “T6″ school parts the jobless sea and leads graduates to the promised land of gainful employment.
In fact, at this late date in the law school calendar, we know that there are 3Ls at great schools staring into the abyss of post-graduate unemployment. The proof comes from the charity that employed students are trying to extend to their unemployed brethren…
“Aww, Matt, why do you have to go around giving us a bad name?”
Ever since Matthew Kluger was charged in a massive insider trading case, involving an alleged conspiracy that spanned 17 years and generated more than $32 million in profit, the foregoing question could be asked by many groups: Cornell grads, NYU law grads, Cravath lawyers, Skadden lawyers, and Wilson Sonsini lawyers.
Tonight we can add more groups to the list: Fried Frank lawyers, and gays — specifically, gay dads.
As reported by the Wall Street Journal earlier tonight, Matt Kluger worked at yet another major law firm: Fried Frank. After he was fired by the firm in 2002, he sued, claiming that partners there discriminated against him because he’s gay — and a father of three, with parenting responsibilities.
Just when you thought this case couldn’t get any weirder, it just did. Matthew Kluger is gay. And a dad. With three kids. Thanks for sending America such a positive image of LGBT parents, Matt!
Let’s take a closer look at Kluger’s suit against Fried Frank — and additional details about Matt Kluger’s complicated personal life, gleaned from ATL tipsters….
There’s no contest today for Lawyer of the Day honors. The clear winner is Matthew Kluger, a former associate at three leading law firms, who has been charged in a massive insider trading case. Kluger stands accused of reaping more than $32 million in profit over the course of a 17-year conspiracy, which also allegedly involved a trader, Garrett Bauer. (Kluger and Bauer might not be as big as Raj Rajaratnam, who’s pretty hefty, but their supposed scheme is nothing to scoff at.)
The charges were filed by Paul Fishman, U.S. Attorney for New Jersey (disclosure: my former office). Fishman claims that Matt Kluger passed along insider information that eventually made its way, via an unnamed co-conspirator, to Garrett Bauer, who traded on it. According to the complaint, Kluger and Bauer invested more than $109 million in the scheme, which yielded profits of more than $32.2 million.
Where did Kluger allegedly obtain the inside information? From the three Biglaw firms where he once worked on M&A deals….
* The Southern District of New York: gay bench, or the gayest bench? Like fellow S.D.N.Y. nominee Paul Oetken, Alison Nathan is an openly gay lawyer who clerked for SCOTUS and served as an associate White House counsel. [Poliglot / Metro Weekly; Main Justice]
On Friday we posted a photo of a law-related license plate that struck some of you as rather obnoxious. We asked you to send in pictures of additional legally-themed vanity plates, by email (subject line: “Vanity License Plate”).
We received a number of interesting submissions. Check out the first one….
Why is he smiling? He landed a job at a top law firm.
If your goal in life, or at least your near-term career objective, is to land a job at a large law firm, which law schools would best suit your needs? When it comes to minting Biglaw associates and partners, not all law schools are created equal.
The National Law Journal has just come out with its annual survey of which schools the NLJ 250 law firms relied on most heavily when filling their first-year associate classes. The results are interesting — and also a little depressing.
We’ll start with the depressing part: hiring of top law school graduates continued to decline. As noted by Leigh Jones of the NLJ, “Hiring of graduates of the top law schools by the nation’s largest law firms slid by 10% during 2010 compared with 2009…. In 2010, the top 50 schools sent 3,822, or 27.3%, of their juris doctor graduates to NLJ 250 firms, compared with 30.3% of their 2009 graduating classes. The top 50 schools produced 13,989 graduates during 2010.”
Let’s look at the top 10 law schools, ranked by the percentage of their 2010 graduates who landed jobs at NLJ 250 firms (i.e., “Biglaw”)….
Earlier this week, we discussed the discovery of potentially anti-Semitic graffiti in Vanderbilt Hall, the home of NYU Law School. Yesterday Dean Richard Revesz issued a forceful response to the law school community via email, condemning the graffiti as “highly offensive and hurtful” and declaring that “[s]uch hateful conduct is deplorable and has no place in our community.” (We’ve reprinted Dean Revesz’s message in full at the end of this post.)
Some observers, however, questioned whether the graffiti was really that bad. First, it was vague and conclusory, reading simply, “Damn Orthodox Jews.” Second, rather than reflecting animus from a non-Jew against Jews, the statement might have reflected tensions within the Jewish community itself. Several commenters raised the possibility that the graffiti was written by a less religious Jew who objects to the greater religiosity of Orthodox Jews.
Dean Revesz’s response raises another issue, namely, whether the administration at NYU Law takes anti-religious discrimination more seriously than discrimination based on sexual orientation (even though both are part of the school’s non-discrimination policy)….
Ra the Sun God could be seeking revenge on the Hebrews
The new school year is off to a rocky start at Cardozo and NYU Law. One school is dealing with a rash of anti-Semitism, while the other can’t seem to execute basic building maintenance.
If you had to guess which school was dealing with hate speech against Jews, you’d guess Cardozo, right? Since Cardozo is the law school for Yeshiva University, it would be at least logical if anti-Semites focused their energies there. But you’d be wrong; never assume hate-mongers are able to form and execute logical thoughts. This year’s early anti-Semitism is happening at NYU, as the New York Post reports:
The NYPD Hate Crimes task force is investigating an anti-Semitic scrawl at NYU Law.
Cleaning staff found “Damn Orthodox Jews” scrawled in a first-floor men’s room at 40 Washington Square South at 1:45 p.m. Monday.
Cops are poring over surveillance videos.
Forty Washington Square South is the address of the main NYU Law building. It’s probably not the #1 address where Orthodox Jews gather to learn about the law, but expecting a graffiti-scrawling hatemonger to be able to grasp even basic facts is like asking a dog to know not to lick his ass in public.
Meanwhile, the New York City law school most strongly associated with Orthodox Jews is dealing with an altogether different kind of oppression….
The holiday season is upon us, and yet again, you have no idea what to get for the fickle lawyer in your life. We’re here to help. Even if your bonus check hasn’t arrived yet, any one of the gifts we’ve highlighted here could be a worthy substitute until your employer decides to make it rain.
We’ve got an eclectic selection for you to choose from, so settle in by that stack of documents yet to be reviewed and dig in…
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.
We currently have a very exciting and rare type of in-house opening in China at one of the world’s leading internet and social media companies. Our client is looking for an IP Transactional / TMT / Licensing attorney with 2 to 6 years experience. The new hire will be based in Shenzhen or Shanghai. Mandarin is not required (deal documentation will be in English) but is preferred. A solid reason to be in China and a commitment to that market is required of course. This new hire will likely be US qualified (but could also be qualified in UK or other jurisdictions) and with experience and training at a top law firm’s IP transactional / TMT practice and could be currently at a law firm or in-house. Qualified candidates currently Asia based, Europe based or US based will be considered. The new hire’s supervisors in this technology transactions in-house team are very well regarded US trained IP transactional lawyers, with substantial experience at Silicon Valley firms. The culture and atmosphere in this in-house group and the company in general is entrepreneurial, team oriented, and the work is cutting edge, even for a cutting edge industry. The upside of being in an important strategic in-house position in this fast growing and world leading internet company is of the “sky is the limit” variety. Its a very exciting place to be in China for a rising IP transactional lawyer in our opinion, for many reasons beyond the basic info we can share here in this ad / post. This is a special A+ opportunity.
If your firm is in ‘go’ mode when it comes to recruiting lateral partners with loyal clients, then take this quiz to see how well you measure up. Keep track of your ‘yes’ and ‘no’ responses.
1. Does your firm have a clearly defined strategy of practice groups that are priorities of growth for your office? Nothing gets done by random chance, but with a clear vision for the future. Identify the top practice areas for which you wish to add lateral partners. Seek input from practice group leaders and get specifics on needs, outcomes, and ideal target profiles.
2. In addition to clarifying your firm’s growth strategy, are you still open to the hire of a partner outside of your plan? I’ve made several placements that fit this category. The partner’s practice was not within the strategic growth plan of my client, but once the two parties started talking with each other, we all saw how it could indeed be a seamless fit. Be open to “Opportunistic Hires.” You never know where your next producing partner might come from, so you have to be open to it. I will be the first to admit that there is a quirky element of randomness in recruiting.
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