Glenn Close as Alex Forrest: she’s not going to be ignored.
One of the biggest Biglaw stories of 2014 so far has been the lawsuit filed by Angela Kovalesky against her ex-boyfriend, New York lawyer Samir Tabar. The beautiful blond Kovalesky alleged that Tabar physically abused her, threatened her with a knife, and stalked her — by dropping a dog tracker into her purse, among other things.
These allegations didn’t sit well with Tabar’s employer, Schulte Roth & Zabel. Not long after the filing of Kovalesky’s salacious suit, SRZ terminated Tabar’s employment. His impeccable pedigree — Oxford, Columbia Law, and Skadden Arps, plus some time in finance — couldn’t save him from the ax.
But what if turned out that the allegations were fabrications? What if it turned out that Kovalesky, not Tabar, was the actual abuser? What if it turned out that Kovalesky was, well, a psycho ex-girlfriend — about as sane as Alex Forrest in Fatal Attraction?
This is, in a nutshell, what Tabar alleges, in his answer and counterclaims in Kovalesky v. Tabar. And it’s what his new gorgeous girlfriend — actually, his fiancée — also asserts, in her own lawsuit against Angela Kovalesky….
Remember Adriana Ferreyr? She’s the 30-year-old Brazilian telenovela star who’s suing octogenarian moneybags George Soros because he didn’t buy her a $1.9 million apartment (or a $4.3 million apartment; the nerve of that old codger). When we last checked in on her, she was busy hiring Davis Polk alum William Beslow to fling legal arguments at the geriatric gigolo almost thrice her age she once banged, presumably hoping to make billions.
Ferreyr’s adventures in gold-digging continue this month with claims of her wild and crazy antics at a recent deposition in New York. She may only be known as a Hoveround ho in this country, but that doesn’t mean she’s not going to act like a diva.
Adriana Ferreyr doesn’t care if you’re a legal legend of the bar. She’ll still slap the glasses right off your stupid face…
If you work for a white-shoe firm, don’t let your messy personal life make scuff marks on your fancy footwear. For example, if you were to decide to stalk your ex-girlfriend, then you’d need to keep it on the down low. You can’t just toss a dog tracker into her purse, take creepy pictures of her while she sleeps, get sued for $4 million, and expect the resulting lawsuit to get ignored by the tabloids.
These are just some of the allegations lodged against an Ivy League associate who hails from a successful Am Law 100 firm. You’ve got to see the rest of his ex-girlfriend’s claims to believe them….
Please note the UPDATES to this post, found below.
This is the latest in a new series of ATL infographics — visual representations of our own proprietary data, relevant third-party data, “anecdata,” or just plain jokes. This infographic is brought to you by our friends at Prestige Legal Search. Earn another $5,000 to $50,000 with their Rewards Program.
For the most part, Biglaw associate bonuses remain stuck at last year’s levels, reflecting expectations that firm profits will be flat at best. This might seem fair, with everyone feeling the pinch of the “New Normal” and so on. But when we take a small step back and see how these bonus numbers compare as a percentage of partner profits to the bonuses of just a few years ago, these bonuses are arguably pretty measly.
The current $10,000 “market” (i.e., Cravath-following) rate for first-years is just 0.29% of Cravath’s profits per partner (according to the American Lawyer). Back in 2007, first-year bonuses equaled 1.36% of PPP. In other words, the Cravath partnership was nearly five times more generous to its associates back then.
Obviously, Cravath is among the most profitable firms in the world. What are the implications of matching Cravath’s bonus scale for those firms with much lower profit margins? Today’s infographic takes a look at how big a hit to PPP partners willingly take in order to Keep Up With The Cravathians….
We’ve extensively discussed in these pages the dangers of “reply all.” As you can see by paging through those archives, numerous members of the legal profession — associates, partners, deans of prominent law schools — have embarrassed themselves, often in entertaining fashion, with one little click of a button. They thought they were sending a private email to one individual, but whoops! They actually just hit “reply all.”
It’s great when hilarity ensues upon (mis)use of “reply all,” but it’s more common for it to be just annoying. In our age of overcommunication, people need to think more carefully about whether everyone on the original email needs to receive your reply. Do all the other people invited to the holiday party need to know when you’re arriving and what you’re bringing?
(In fairness, sometimes the sender is to blame. Protip: use “bcc.”)
But sometimes “reply all” can actually be a good thing. No, seriously….
Still, as Staci Zaretsky observed earlier today, there’s a one-in-a-million chance that some firm that hasn’t announced yet will beat Cravath. And if you’ve bought a ticket for Friday’s $400 million Mega Millions drawing, you believe in one-in-a-million — actually, one-in-259-million — chances.
Three firms just announced their year-end associate bonuses for 2013. Let’s scratch off these tickets and see what lies underneath….
Many longtime observers of the legal profession argue that it’s not what it once was and that it’s increasingly focused on the bottom line. But even when trying to improve the bottom line, many law firms go about it in a kindler, gentler manner. Traces of Biglaw’s gentility remain.
Today we have news of another firm that’s reducing its ranks — not through layoffs, but through generous voluntary buyout packages….
Summer associate class sizes might be shrinking, but for those law students lucky enough to make it into a summer program, life is good. The offers are being given outliberally, and the summer events are just as fun as ever.
Need proof? Just consider the six excellent events that we’ve selected for the finals of this year’s summer associate event contest. Some were cultural extravaganzas, others were athletic outings, but all were fun and fabulous. Thanks to everyone who submitted a nomination.
Vote below for your favorite. Without further ado, here they are:
You’d be jumping for joy if you landed an offer from a top law firm.
It’s harder to be a partner in Biglaw today, both in terms of making partner and remaining a partner. You can no longer just coast along after making partner; you need to prove yourself and your value to the firm, year after year. That’s a change from past practice (and people can argue when exactly the change took place).
But some things in Biglaw haven’t changed. The practice of being generous with offers to summer associates — too generous, some might argue — is alive and well. Summer programs are smaller today than they were before the Great Recession, but offer rates remain robust.
Following up on Monday’s story, here are more firms that have given offers to all of their summers:
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.
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…