The Biglaw year has a rhythm to it. As we approach Thanksgiving, there is an opportunity for each and everyone in Biglaw to take stock. Doing so is important, especially if one falls prey to the peculiar attempts by many to imbue meaning into Thanksgiving by “giving thanks,” before stuffing themselves into a stupor (followed by a six-hour-long “nap” on a relative’s couch and a frantic post-nap drive to some big-chain parking lot for the priceless opportunity to join the unwashed masses in a frenzied dash to save ten percent on the gadget du jour — if that is how people have their holiday fun, more power to them).
If you are going to make giving thanks a holiday focal point, at least do so mindfully. If you are still employed in Biglaw, you have a lot to think about.
If the events of this past year proved anything, it is that the change in Biglaw is irrevocable. In 2008, everyone suffered, driven by economic events bigger than the industry. In contrast, this year proved definitively that there are Biglaw firms that are winners, and getting stronger. But that list of firms is short. Most Biglaw firms are being challenged, and the responses they adopt to confront those challenges continues to be varied. Whether your firm is itching to merge at all costs, or continuing to whistle along as if nothing has changed (while frantically making moves under the radar to avoid giving even a whiff of being challenged), every Biglaw firm has wittingly or unwittingly decided on a future course. At a minimum, Biglaw lawyers should do the same on a personal level, with the understanding that for the great majority of Biglaw attorneys, career changes are more likely than career stability nowadays.
Checklists are helpful for assessing performance and ensuring that important considerations are not overlooked. While everyone’s personal checklist (or questionnaire, if you prefer) may look different, there are at least three categories that should be addressed on any Biglaw attorney’s year-end self-review: financial, professional, and personal. First, the financial….
For lawyers considering solo practice who are married or otherwise paired up, your partner can play a significant role in determining the future success — or failure — of your firm. Yet the role of a solo’s “silent partner” is rarely acknowledged or discussed. Here are some of the ways that a spouse, domestic partner or significant other can help make or break a solo practice.
First, the positives. Most obviously, a gainfully employed spouse can provide financial support to help get your practice off the ground. Even if your spouse’s income doesn’t cover start-up costs like fancy office space or state-of-the-art computers, not having to worry about health insurance or a place to live while starting out will spare you from the financial pressures that force many new solos into poor choices (like accepting an unsavory client or dipping into the trust account).
Still, while your spouse’s or partner’s ability to cover family living expenses can provide some breathing room for new solos, it doesn’t mean that you’ll be living on easy street. For example, if you have substantial student loans that your spouse’s income doesn’t cover, you’ll still have to hustle to earn enough to make repayment if you’ve taken a deferral. And if you were employed prior to starting your law firm and your lifestyle reflected your dual-income status, you’ll still have to scramble for a couple of years to attain the same earnings level that you enjoyed at your earlier position….
Mayor Senator Cory Booker has been in the spotlight for quite some time, and for very good reason. For the prestige-obsessed among us, his undergraduate degree is from Stanford, he attended Oxford as a Rhodes Scholar, and his Juris Doctor is from Yale. He saves both dogs and damsels in distress. To complete this near perfect package, he’s got dashing good looks. And yet, he’s still single… or at least we thought he was, until this morning.
Who is this rising political star rumored to be dating? She’s got beauty and the brains to match…
If you can’t see it in the eyes, then I can’t help you.
Don’t date people you work with. Don’t date people you might work with. Don’t date people you are interviewing. Don’t date people you don’t technically work with, but who work for the same company as you do. Don’t date people who you have to see every day on your way to work. Don’t try to get your date a job at your company. Don’t date people who have dated other people at your company. DON’T S**T WHERE YOU EAT!
Why? Because when (not if) it ends, it’s going to end badly. One of you is going to have to quit. And that’s assuming that both of you are reasonable adults. God forbid if one of you happens to be a crazy person. Then, you’re just going to end up with a shattered windshield and a legitimate concern that you need to find a new job for the summer.
Justice Clarence Thomas famously travels around the country over the summer in his 40-foot recreational vehicle (RV). Since 1999, Justice Thomas and his wife Ginni have visited some 27 states in their RV. According to Mrs. Thomas, “it’s a wonderful life.” The Thomases often park overnight in Wal-Mart parking lots. As Justice Thomas notes, “you can get a little shopping in, see part of real America. It’s fun!”
If spending night after night in an RV is good enough for an associate justice of the United States Supreme Court, it should be good enough for a young lawyer, right? In the latest installment of Lawyerly Lairs, we visit with a Biglaw associate who lives in an RV down by the river….
* Stay tuned after the credits of Captain Phillips to see the part where the crew accuses him of negligence and sues him for millions. [Findlaw]
* Graphs showing the extent of growth in the ten states with the most and least growth in attorneys over the last ten years. The Texas legal market is growing dangerously fast. I sure hope it doesn’t lead to massive layoffs and the shuttering of offices. Weil have to wait and see. [Associate's Mind]
* In Nevada, Heather can now have two (legal) mommies. [ABA Journal]
* The push for the federal government to overhaul the public defender system is gaining momentum. Too bad there’s still no “federal government” to speak of. [NPR]
* Senior lawyers editing their juniors should take it easy with the red pen. A lot of the time, seniors are not editing to improve the product, but to make it sound like they wrote it, and this is the wrong approach. Senior attorneys have a narcissism problem? Never! [At Counsel Table]
* A new blog featuring law school deans discussing legal education seeks bloggers. Which deans will walk into the spotlights to accept the public abuse? [Law Professor Blogs Network]
* The next time you use Tinder to find a hot date, you just might be treated to an advertisement for a plaintiff’s firm. Image after the jump…
If you’re stuck sitting in your office until all hours of the night wondering (a) how you’ll ever meet someone and (b) how you’ll convince them to take a chance on someone who routinely works until 4 a.m. turning documents while a team of lawyers argue over comma placement, well, you’re in luck!
A major online dating site has your back, publishing a listicle designed to convince their desperate readers why they absolutely should date a lawyer. It could be a good opportunity for these online daters to employ ATL’s advice on seducing a lawyer.
Is this thought-provoking, well-crafted advice about dating lawyers? In a word, no…
I actually think I may yet get married — statistically 90% of people get married at some point. But I would say that love and craziness has overwhelmed my life, and I am trying to write about it, and at the same time tell the story of New York City from 1609 to the present.
If your response to someone cheating on you is to file a lawsuit, then you have something in common with the lawyer at the center of this story.
After learning that his fiancée was cheating on him, it was off to the courthouse to bring fraud and intentional infliction of emotional distress claims. A scorned lawyer runs back to the safety and security of a forum that makes him or her most comfortable, I suppose.
After reading the complaint, this guy might just want to cut his losses and consider himself lucky because his ex sounds kinda terrible….
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.