* So we’ve had some technical difficulties this morning. Sorry all. So let’s kick off this abbreviated morning docket with news that Robert Dell will retire from Latham & Watkins at the end of 2014 after helming the firm for 20 years. [The Am Law Daily]
* Dwayne Bowe was arrested for alleged marijuana possession. He’s still going to start on Sunday though in case you were relying on his almost unnoticeable fantasy football impact this year. Remember when I didn’t understand the “Weeden Wayne Bowe” joke. Good times! [Kansas City Star]
* Whitey Bulger considers his trial a sham. He’ll be sentenced this morning. [LA Times]
* Former NBCUniversal General Counsel Lawrence Tu was named top lawyer at CBS. Congrats on “pulling a Letterman.” [Deadline]
* Sean Coffey is joining Kramer Levin. He previously headed up a litigation financing company. So when David asked if litigation finance was the hot new trend, apparently the answer is “no.” [New York Times / Dealbook]
Deborah Cussen, of Gibson Dunn, and Carla Feldman, of Morgan Lewis.
Welcome to the third installment of our Top Partners to Work For series, as selected by our readers (see last week’s posts here and here). In the first two weeks, we covered New York and D.C.; this week, we head west, and cruise on over to sunny California.
The ten partners we highlight today work at some of the country’s leading law firms: Kirkland & Ellis, Morrison & Foerster, Gibson Dunn, Latham & Watkins, Munger Tolles, Wilson Sonsini, Morgan Lewis, Baker & McKenzie, Bryan Cave, and Jones Day.
So, which West Coast partners do associates enjoy working for?
As multiple tipsters have been telling us, Dave Gordon, managing partner of Latham & Watkins’s New York office is putting down the mantle of leadership. But Gordon will be staying at the firm, continuing his private practice.
Gordon attracted attention after Latham laid off 440 people a year and a half ago. First-year attorneys were caught up in the layoffs as well, especially in New York. And some of the departed associates left with bitter feelings towards the firm, and Gordon specifically.
But Kirk Davenport, a member of Latham’s executive committee, assured us that last year’s layoffs had nothing to do with Gordon’s new move…
Nooooo! Haven’t we learned that “too big to fail” is terrible? It’s bad for our economy when things are too big to fail — too often, too big means too inefficient to change:
Carrying dozens of offices through the worst recession in a generation might sound like a prescription for disaster. But heads of The Am Law 100′s most geographically diverse firms say that their business model is not only alive, but robust.
Have we learned nothing from everything that’s happened? Do these firms really think that the entire legal recession can be blamed on so-called “entitled” junior associates who had the audacity to accept the money firms were willing to pay them?
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.