Last year, we covered the mystery departure of Lee Smolen — the prominent real estate lawyer, not the famed theoretical physicist — from Sidley Austin. It may have been related to the ethics charges filed against Smolen, accusing him of conversion and breach of fiduciary duty through alleged filing of false expense claims.
In order to deliver to DLA’s bottom line, Smolen will need to avoid suspension or disbarment. So he has filed a response to the Illinois ethics charges against him. What does Smolen have to say for himself, and is it persuasive?
Last month, we brought you a Davis Polk fairy tale. Two talented lawyers met at the elite law firm, fell in love, and got married. They lived happily after, in their $6 million apartment (until they sold the apartment to a celebrated Chinese artist).
This couple met at Sullivan & Cromwell, got together, and bought an apartment at 50 Riverside Drive, a beautiful prewar co-op on the Upper West Side. They renovated the place — doing a lovely job, I might add — and then sold it for more than $3 million….
Last September, we wrote about the mysterious departure of Lee Smolen from Sidley Austin. Smolen, former head of Sidley’s real estate practice in Chicago and a member of the firm’s executive committee, departed without comment or a known destination. When that happens, something interesting is usually afoot.
Earlier this month, the other white shoe dropped. A lawyer ethics commission in Illinois leveled charges against Smolen arising out of his time at Sidley.
What has he been accused of? And what does his new law firm have to say about it?
Back in 2006, Professor Smit put his mansion on the market for $29 million. In 2007, he raised the price to $30 million. In 2008 — before the collapse of Lehman and the financial meltdown — he turned down a $20 million offer.
After being on and off the market for the past seven years, the house finally sold. For how much?
Justice Sonia Sotomayor has earned millions ofdollars in royalties from her bestselling book, My Beloved World (affiliate link). Maybe it’s time for her to upgrade from that perfectly nice but far from lavish D.C. condo.
But she’s still far from being able to purchase the home of her former boss, George Pavia, who hired Sotomayor after she left the Manhattan District Attorney’s office (and later promoted her to partner). The patrician Pavia, managing partner of the Pavia & Harcourt boutique firm, just sold his magnificent townhouse on the Upper East Side for $19.5 million.
Pavia’s former residence is an elegant five-story, red-brick, neo-Georgian townhouse. It sits on a quiet, tree-lined block between Fifth and Madison Avenues, just steps away from Central Park and luxury shopping.
It would be many a Manhattanite’s dream home. But it actually comes with a nightmarish history….
I should be clear, this isn’t a story about a replica law school building made out of Lego pieces. I’m pretty sure a lot of people have already done that — maybe Nathan Sawaya, lawyer turned Lego artist. And this isn’t a story about a life-sized law school building made out of Lego pieces; I’m pretty sure some online law school has “neato” plans already underway for such a brick-and-mortar plastic-and-Krazy-Glue supplement to their accreditation application to the ABA.
No, this story is about a brand-new, modern, actually quite interesting-looking law school building, which just looks like it was made by a child Colossus playing with a box of interconnecting building blocks. The progressive urban planner in me says, “That’s actually pretty cool.” The righteous crusader in me asks, “Dear GOD, how much did that cost?”
And the legal blogger in me just really wants the name “Lego Law School” to stick around for a generation or two….
This site has a reputation for suggesting that law schools run students into debt and pocket the cash while providing less and less to their students. (I don’t have the time to find one story, but here’s every story Elie has ever written.) We have articles on increasing debt. We have features on the salaries of law school professors.
Some call the business model of law schools a scandal.
But you can’t really have a scandal without Senate investigations uncovering secret slush funds, right?
* This year, like every year before it, SCOTUS is saving the best cases (read: most controversial) for last. We’ll likely see opinions on voting rights, affirmative action, and gay marriage in June. [WSJ Law Blog]
* We know of at least one Biglaw firm that will be putting its increase in gross revenue to work. Boies Schiller is planning to open its first office outside of the United States in the “near-term.” [Am Law Daily]
* If you’d like to get paid under a terrorism insurance policy for your damages in the Boston bombings, you’ll have to wait; the bombings haven’t been certified as acts of terror yet. [National Law Journal]
* Mandatory pro bono work is now required for bar admission in New York, but it’s still not enough to close the justice gap. Now Chief Judge Lippman wants to give non-lawyers a chance to provide legal services. [New York Law Journal]
* Arizona Law recently made the announcement that interim dean Marc Miller has been instated as the school’s permanent dean. What’s not to like about a “new” dean and new tuition cuts? [UANews]
* As many of our readers know, the job market is rough, but apparently if you take some compliance classes in law school, you’ll magically become employable. Great success! [Corporate Counsel]
* Brooklyn Law, do you remember what your old dorm looked like? It’s different now that it’s been transformed into an apartment complex that’s no longer stained with the tears of law students. [Curbed]
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford 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 six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.