It’s no secret that the legal market is still in the tank. Unemployed associates have grown accustomed to scrounging the Internet for any and all job openings that might materialize – even sketchy postings offering $35,000 salaries to sharp dressers.
Just how bad has the economy gotten? Bad enough that Craigslist isn’t just for associates anymore. That’s right, now even partners are lowering themselves to the point of hawking their wares on this oh-so-prestigious platform. In the last week, we’ve seen not one, but two ads on Craigslist aimed at the upper echelon of law firm life.
One poster is an aspiring partner seeking the right law firm to take on his or her amazing legal talent. The other is a solo lawyer seeking a partner to start a law practice.
Are these two a match made in Craigslist heaven? Keep reading to see if either of our contestants has the goods to succeed in the partner matchmaking game.
One of the partners in my practice group is very involved with a charity. About once a month or so, we get hit up with various updates on the cause, requests to donate, attend charity events, subscribe to newsletters, etc. He’s even made a few presentations about the charity during practice group meetings. This charity has absolutely nothing to do with legal work and frankly it’s getting really annoying.
As an associate, is it OK to unsubscribe from his charity’s email (not sure how I was signed up in the first place)? Will he know? Will it affect my partnership chances? Am I obligated to donate? Will he know? Will the other partners know?
Part of the reason they pay you associates so much is that your exorbitant salaries already factor in the bullsh*t expenses that come with the job: student loan payments, business wardrobe, personal training, late night online electronics purchases, therapy, top shelf alcohol so as not to be totally incapacitated when you get a work email the next day… and partner pet projects. And yes, they’re watching….
Recently I talked to a fourth-year-associate friend of mine who’d been working at a new small firm for several months. When I asked him how it was going, he said “great” in a way that suggested anything but. So I pressed him for more. The work was fine, he insisted. The clients were fine. His associates were cool. Great, I said. So what was the problem?
Well, he finally let on, there was this partner.
OK, I said. What about this partner?
Well, he said, he’s making my life a living hell. In fact, my friend said, it was so bad, he was thinking of leaving the firm.
It’s that time of year again, when most Biglaw firms announce their partnership promotions. But this year, it’s not only the senior associates who are on edge. As shown in our recent associate morale survey results, 62% of associates at all levels attributed the decline in morale at their firms to poor partnership prospects.
Please take this short survey and tell us if and how partnership prospects have changed at your firm since last year, and what really happens to senior associates who don’t make the cut. We’ll bring you the results next week.
In the meantime, head over to the ATL Career Center, powered by Lateral Link, to find out more about partnership prospects at each of the top law firms.
Today Am Law released an exhaustive report about female equity partners at major law firms — equity partners, not to be confused with non-equity partners (who are really glorified associates that firms slap with the “partner” label in order to look good when folks like BBLP or Jezebel come calling). The numbers aren’t going to surprise any woman who is seriously considering a career in law.
But just because they’re not surprising doesn’t make them any less depressing. From the report:
The data compiled for this first systematic look at the issue is presented below. When we reviewed it, two numbers immediately jumped out. First, women make up only 17 percent of partners at the firms we surveyed, even though they have represented about 51 percent of law school graduates in the last 20 years. Second, of the women partners who work at multi-tier firms, 45 percent have equity status. In comparison, 62 percent of the male partners at these firms have equity.
Retention issue much? At 17 percent, you’re talking about a serious glass ceiling sitting on top of women at major law firms. With spikes pointing downard. And holes so small you can’t possibly fit squeeze through them if you are carrying any extra weight, or a baby….
Ropes & Gray partner Rob Skinner was named a “Future Star” by Benchmark Litigation in 2009. They were surely impressed by his securities work on behalf of financial services clients. But Skinner may be a future star in musical theater, too.
That’s our prediction after watching a YouTube video from “Rob Skinner’s Midlife Crisis Cabaret,” a one-man show Skinner put on last month in honor of his 40th birthday. An attendee tells us:
Rob is a well-loved, youngish partner at Ropes, known for his being a bit over the top. After he turned 40, he wrote and arranged a one-man show, then rented out his local theater in Winchester, MA and performed it last month for friends, family, and a fair number of co-workers (plying us with drinks for a good while before hand). Not in any way a firm-sponsored event, although a fair number of partners were in attendance.
We discovered that partners are just as capable as associates of making fun of law firm life. Skinner did a Kermit-inspired number about lawyer TV shows. “The partners on TV shows are like Machiavelli. They own everything but their souls,” he sings. “They win their cases and have lunch with Satan, who joins them for 18 holes.”
We caught up with Skinner by email. Check out his hilarious video and an interview with this non-Satanic partner, after the jump.
Over the last 24 hours, there have been some managing partner shake-ups at some notable large law firms. Let’s tackle the news in Vault order. First up: Baker & McKenzie.
The firm has gone international to find its next managing partner. The WSJ Law Blog reports:
[I]f anyone had any doubts about the firm’s commitment to its international presence, consider this: It recently elected São Paulo partner Eduardo Leite as the next chairman of the firm’s eight-person executive committee…
Leite represents the firm’s first Latin American chair. And we can’t think of any other U.S.-based law firm that’s picked someone based in Latin America to lead it.
Watch to find out what some of our subscribers received in their May box!
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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.
The last time I flapped my wings your way, I tried to make at least enough noise about your mobile phone to make you more than a little bit uncomfortable. I hope I did. If enough of us become anxious enough about the known and unknown unknowns and knowns in our mobile phones, then we can start making wise decisions about how to manage that information and its resultant investigations.
Today, I’d like to put a finer point on the last installment’s topic by asking a question that seemed to catch most attendees off-guard at a conference panel that I moderated last week: is there discoverable personal information in a mobile app? Our panelists’ answer was a uniform “yes” with one stating that, if he had to choose only one type of data that he could discover from a mobile phone, he’d choose app data. Why? Because there’s simply so much of it and because almost all of it is objective – not just user-created like an email – but machine-tracked like GPS, usage duration, log in and log out times, browsed web addresses, browsed actual addresses. Also, most of us seem to have the idea that data doesn’t actually “stick” to our mobile devices the way it “sticks” to our hard drives. Maybe there’s a disconnect based on the fact that our phones are mobile so we assume the data is mobile to?
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