So if the firms are waiting for a personal invitation to announce their 2011 bonus payments, they should feel free to RSVP to this post. We’re ready for the bonuses now.
The firms aren’t scared, are they? They’re not worried about Occupy Wall Street protesters objecting to mere five-figure bonus news, are they? Haven’t the Occupy people proven that they aren’t even paying attention to the Wall Street lawyers?
So let’s get on with the process of spreading the wealth around Biglaw….
* Before you waste your tears crying over how much your fantasy team sucks, you should probably check and see whether it’s even legal to play. [Legal Blitz]
* Chase is giving away over $3M in grants for small charities, so why not take a second and vote for our friends over at Ms. JD? [Chase Community Giving]
* Using free beer to lure criminals into an arrest trap should be a violation of your right against self-incrimination. They should at least be able to drink it before the cuffs go on. [Legal Blog Watch]
Mayor Michael Bloomberg can have his way with the Occupy Wall Street protesters. According to the Associated Press, Justice Michael Stallman of New York Supreme Court just shot down the Temporary Restraining Order sought by the protesters against Mayor Bloomberg.
November 15th, 2011, there was a riot in the streets, tell me where were you? While you were at home watching your T.V., I was participating in some anarchy.
Well, there wasn’t really a riot in the streets. And I wasn’t really participating in it so much as taking the 5 train to work today. But I did bump into some would-be Occupy Wall Street protesters looking to join the movement after the main group was evicted from Zuccotti Park under the cover of darkness early this morning. The people on the train asked for my legal advice.
I laughed — then told them I could do them one better. Let’s see if we can’t crowdsource a legal recourse for the Occupy protesters now that big bad Bloomberg has put his jackboot on the movement….
Dear police officers: next time you simply must beat unarmed protesters who are not threatening you, maybe you shouldn’t do it in front of a law school.
Many of you have heard about the beatings that took place at UC Berkeley’s Occupy Berkeley protests on Wednesday night. The police brutality wasn’t particularly brutal, so much as it was entirely uncalled for.
The Berkeley legal blog Nuts & Boalts sums up what should be the feeling of any person concerned about the laws of this country: “Regardless of how you feel about the Occupation, this behavior by police against unarmed, non-violent protestors is not only illegal, but is shameful.”
If you haven’t seen the video, it’s below. Just as disturbing as the actual footage is the facile message Berkeley Law students received before the event that was a warning that the police were going to be totally unreasonable about the situation….
* Herman Cain’s got Wood over all of these sexual harassment accusers. No, seriously. He hired Bryan Cave defector L. Lin Wood to handle his possible defamation claims. [WSJ Law Blog]
* Sad and depressing old man news: Joe Paterno’s legal innocence was irrelevant. Instead of letting him retire at the end of the year, the Penn State Board of Trustees fired him last night. [New York Times]
* A woman from Idaho with some real backwoods charm. What to do when your husband — a lawyer — plots to kill you? Stand by your man and blame the corrupt government. [ABC News]
* Tired of getting screwed? Mayor Bloomberg makes nice with the OWS people, congratulating them for “generally . . . not break[ing] the law.” What a sad great accomplishment. [New York Post]
* And this is why you don’t play games with your résumé, folks. Here’s some proof that next time you lie about being covered in Ivy, you’re going to get a wicked bad rash. [Boston Herald]
* If assignments like this appeared more often, I bet people would stop procrastinating so much and do their homework all day, every day (and then do it again for extra credit). [Arizona Republic]
The crowd was not as extreme as the massive banner suggests.
There was more excitement in Oakland yesterday, as several thousand people enacted a citywide “general strike” and marched across town and “took over” the Port of Oakland. No one is exactly sure what those quoted phrases were supposed to mean, specifically, even though crowd estimates ranged from 3,000 to 40,000.
But one thing was for sure: the Occupy Oakland crowd wanted to make a ruckus. They wanted to disrupt the city’s business as usual. And they did. Lots of businesses closed for the day, including one of my favorite coffee shops. Embattled Oakland Mayor Jean Quan recommended city employees take the day off (excluding police, who did not appreciate the snub).
At least one Oakland law firm tried to keep its motor running, although building management locked the building down like a private tiger collection.
Let’s take a look at the official memo, courtesy of an anonymous tipster….
There’s an interesting post up on Constitutional Daily by The Philadelphia Lawyer. It’s a repack from a 2007 article arguing that salaries for first-year associates should go up to $190,000 a year.
And he’s right.
I know, I know — most Americans are still feeling the effects of a terrible economy. Occupy Wall Street is about to take pitchforks to those who are well-off in this country. Yada, yada, we’ll get back to the very sad story of America momentarily.
But you know who has done well over the last five years or so? Law firms. Especially Biglaw firms. Especially partners at Biglaw firms. Just look at the Am Law reports on profits per partner and revenue per lawyer. Firms are making money, more than they were in 2007.
Yet the associate salary scale hasn’t seen a raise for almost five years. And bonuses are down compared to 2007. Is it time for firms to start sharing the wealth?
I’ve said from the beginning that while the goals of the Occupy Wall Street crowd were not wrong, their tactics have been lacking. The denizens of “Wall Street” (at least not in its geographic form) didn’t cause the collapse of the American economy; they’re just trying to figure out how to profit from it. There’s been an entire legal structure erected to protect the banking industry; wagging your fingers at them isn’t going to do a whole hell of a lot.
And it’s not like “the banks” or whoever can’t fight back. Occupiers might be angry at Wall Street or corporate America or whoever, but it’s “the law” that will be in charge of actually crushing their little movement. The people in Oakland already saw what the police can do. And the police are just the storm troopers of the military-industrial complex. City ordinances, curfews, and unsympathetic judges: these are the people and things that can turn Occupy Wall Street into Alderaan.
But maybe the protesters are starting to understand the true power of the dark side. And maybe they’ll have some new hope if they get some fully trained lawyers on their side (as opposed to non-lawyer volunteers)….
We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at email@example.com in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
In a land that is right here and in a time that is right now, a technology has arisen so powerful that it can replace basic human document review. Is it time to bow down before our new robot overlords?
First, here’s a little story about me: my life in the legal world began as a paralegal. My first case was a GIANT patent infringement case that was already six years old and had involved as many as five companies, multiple US courts, the ITC and an international standards committee. I knew nothing about any of this.
On my first day, my supervisor (a paralegal with at least eight other cases driving her crazy) sat me down in front of a Concordance database with a 100,000+ patents and patent file histories. “Code these,” she said. I learned that “coding”, for the purposes of this exercise, meant manually typing the inventor’s name, the title of the patent, the assignee, the file date, and other objective data for each document. I worked on that project – and only that project – for at least the first six months of my job. After a week or so, time began to blur.
What I know, in retrospect and with absolutely certainty, is that as time began to blur, so did my judgment. So did my attention to detail. If you could tell me that I did not make at least one mistake a day – one inconsistent spelling, one reversed day and month, one incorrectly spaced title – I frankly would need to see your evidence. I would not believe it. The human mind is trainable but it is not a machine.
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