As we mentioned last week, Above the Law, in cooperation with our friends at ALI-ABA, will be assisting you with your Continuing Legal Education needs. We regularly review the comprehensive CLE offerings of ALI-ABA and pick out selected courses that look particularly interesting to us. Here are the two for this week:
Estate Planning 101: Practical Strategies for Estate and Gift Planning: Due to the demise of the estate tax in 2010 and the resulting complications, this area of law has gotten very tricky. Not every client has the impeccable estate planning sense of George Steinbrenner. If you’re new to estate planning, if you’re a seasoned attorney looking for a refresher, or if you just want a basic working knowledge of estate planning and related tax issues — perhaps you expect to come into an inheritance in the next few years? — you should check out this course.
Public Speaking and Oral Advocacy: How To Do It Well: Effective public speaking is a skill that every lawyer, regardless of practice area, needs to possess. This reasonably priced course will teach you what you need to know. And really, knocking off some CLE hours while also learning how to speak nicely — in a bar or at the bar — is a no-brainer.
Both of these courses are taking place this week, so don’t delay on registering. You can take them live, in New York City (Estate Planning) or Philadelphia (Public Speaking), or you can access them as live video webcasts. To learn more, click on the links below.
In cooperation with our friends at ALI-ABA, Above the Law will be helping you out with your Continuing Legal Education needs. We’ve combed through the extensive CLE offerings of ALI-ABA and picked out a few courses that struck us as particularly interesting, even sexy (at least by the standards of CLE). Today we bring you the inaugural offering; others will follow in future posts.
The new Dodd-Frank Wall Street Reform and Consumer Protection Act has been described as “the biggest expansion of government power over banking and markets since the Depression.” It overhauls rules and regulations “touching every corner of finance, from ATM cards to Wall Street traders.”
Even if you do not specialize in financial services, this is the kind of information that makes lawyers look intelligent and educated at cocktail parties. It’ll give you something to talk about when your crazy uncle (played by Michael Moore) starts rambling about the evils of Wall Street during Thanksgiving dinner. And it’s a much better way to fulfill your CLE requirement than 90 minutes on seafaring tax law in the post whaling age.
This is a course that you won’t want to miss. You can take it live, in Washington, D.C., or you can access it as a live video webcast. To learn more and to sign up, click here.
In part 1 of the results of the Associate Morale Survey, brought to you by Lateral Link, we revealed that 74% of respondents felt that associate morale was either the same or worse than last year. Though not entirely surprising, this result is troubling, given that low employee morale is not helpful to the economic recovery.
What, then, can firms do to boost struggling associate morale? The top solution, according to 67% of survey respondents, is for firms to be more open and transparent about decisions that affect associates. The next most popular option is for firms to unfreeze salaries and/or reverse pay cuts, cited by 44% of respondents. So to our Biglaw partner readers, remember that a little candor can go a long way with associates, and salary cuts and freezes are so 2008.
This week we present part two of our series on using internal networking to advance your career within your law firm. Last week we discussed networking to make partner; this week’s focus is on how to get better assignments.
As we mentioned last week, in order to succeed and be truly satisfied with your Biglaw career, you will need to do more than to simply be a great attorney. There are thousands of talented and hardworking attorneys out there who leave the world of Biglaw jaded, unhappy, and unfulfilled. Yes, Biglaw may not be the be-all and end-all for everyone, but there are many attorneys who play the Biglaw game, and play it well. By utilizing networking skills and tactics while working at a Biglaw firm, a young associate can increase his or her chances of succeeding AND being satisfied.
A key issue for the workplace, both during recession and recovery, is employee morale. In last week’s survey, we asked Biglaw associates how current associate morale at their firms compares to morale from one year ago.
For those of you who need a quick refresher on what the fall of 2009 was like, envision a time when the majority of the massive associate bloodletting had ended, but firms were still reeling from the aftermath; salary freezes and cuts were the trends du jour; and associates who were lucky enough to receive 2009 bonuses saw drastic reductions from the previous year. Could fall 2010 possibly be any more demoralizing for associates?
As soon as a young attorney gets a job offer and begins working, networking typically takes a backseat until a new job search begins. This fact is not surprising. Junior associates must maintain high billable hours, participate in countless training and CLE events, and still attend various non-billable firm events. While networking and the daily tasks of a junior associate are not mutually exclusive, networking still deserves some individual and active attention from time to time.
In order to succeed and be truly satisfied with your Biglaw career, you will need to do more than to simply be a great attorney. There are thousands of talented and hardworking attorneys out there who leave the world of Biglaw jaded, unhappy, and unfulfilled. Yes, Biglaw may not be the be-all and end-all for everyone, but there are many attorneys who play the Biglaw game and play it well. By utilizing networking skills and tactics while working at a Biglaw firm, a young associate can increase his or her chances of succeeding AND being satisfied.
There are two basic goals that are common for associates in large law firms: making partner and getting better assignments. In today’s Career Center "Expert Insights" article, we will cover networking with the goal of making partner. In next week’s article, we will cover how to network to get better assignments. We will post the complete article next week on the Associate Resources section of the Career Center (where you can find many career improvement articles).
So if your goal is to make partner, what steps should you take?
Good news: the recession is officially over– and actually has been since June 2009, according to a group of economists. Are Biglaw associates everywhere breathing a collective sigh of relief? Or does the recovering economy have little effect on associate morale?
This week, in our ATL / Lateral Link survey, we ask whether morale among associates has changed since last year, and what it is about your firm that is either bothering you or bolstering your spirits. Please take our short survey to give us your input (as always, survey responses are kept completely confidential). We’ll bring you the survey results next week.
We’ll use the information to update the ATL Career Center and bring you the results next week.
If you have information about your firm that you want to share with other career center users, please email us at firstname.lastname@example.org.
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: