Our law firm holiday card contest is still underway, but we’re in the home stretch. Voting closes tomorrow, January 9, at 11:59 p.m. (Eastern time). If you haven’t done so already, review the finalists and vote over here.
In the our earlier post, we promised a post in which we’d (1) give shout-outs to some holiday cards that were strong but narrowly missed our cut and (2) poke fun at some of the Christmas cards we found especially disappointing. Here is the promised post.
Let’s look at some of these honorable and dishonorable mentions. Perhaps your law firm’s card is among them?
The holidays may be behind us (sigh), but Above the Law’s second annual holiday card contest remains in full swing. Thanks to everyone who responded to our call for submissions. The response was overwhelming.
Perhaps too overwhelming: we received dozens and dozens of nominations. I have literally spent several hours reviewing them all — hours of my life that I can never recover. While a few firms’ holiday e-cards impressed, charmed and even delighted me, the project as a whole made me nostalgic for document review. (It wasn’t nearly as fun as reviewing the entries for our law revue video contest.)
Readers, many of you did not follow contest rule #3: “Please limit submissions to holiday / Christmas cards that you view as worthy contenders. We’re looking for cards that are unusually clever, funny, or cool; we aren’t really interested in cards that are safe.”
Alas, we received many cards that were safe. And boring. In a future post, I’ll poke fun at some of the worst ones. I’ll also give shout-outs to a few cards that were nice, but not nice enough to make the final cut. (That will be the “Honorable and Dishonorable Mentions” post.)
For now, though, let’s view — and vote on — our seven worthy finalists….
Don’t say I never did anything for you — I’m creating jobs. Okay, I’m creating a job. Well, not a full-time job, just a freelance writing gig. (But at least it pays more than this legal job or this one.)
Yes, after some deliberation, I’ve decided to step away from writing the small law firm column I helped start back in September. What alternative endeavor, you ask, could possibly draw me away from the highly lucrative world of blogging?
Glad you asked. In lieu of my twice-a-week column here (and my day job), I’ve accepted an offer to join the Army’s JAG Corps as a full-time, active duty sold… lawy… soldier-lawyer. Yes, like Tom Cruise in A Few Good Men (except less attractive and not the Navy).
Yes, this is something I want. No, I’m not crazy — just want to do something awesome. The government is going to pay me to undergo weapons training, learn land navigation, stay in shape, and — oh yeah — be a lawyer. It’s a four-year commitment, and if anyone is interested, I’m going to try and chronicle with my journey over at my personal blog: (A)musing Dick. (I’m not sure how that will go because, as Lat knows, blogging and government work don’t always mesh very well.)
The important thing here is that there’s a writing opportunity available. Read on if you’re interested….
A small law-firm bonus, or a small-law-firm bonus?
It was almost two weeks ago that I, still fat from Thanksgiving turkey, wondered publicly about the status of bonuses at small law firms. Well, it’s time to get the results of that status check.
I recall Elie using the term “anemic” to describe Cravath’s bonus numbers (which were looking like the standard for Biglaw bonuses this year — at least until Cahill came along). Given that, I can only think the term “uber-anemic” is in order here.
It’s pretty clear that traditional large-firm jobs in big cities are still hard to come by. Even those cushy government jobs sometimes offered as a Biglaw equivalent are, as of last week, slightly less appealing. Well, fear not; the small law firm renaissance is here!
A recent article in Lawyers Weekly suggests that small towns are losing their lawyers faster than they’re being replaced. The article discusses small-town Canada, but based on this report from the WSJ Law Blog (which I previously mentioned here), as well as what I’ve heard from my sources, this observation is also true in the States.
The author seems hopeful that we are on the verge of a “renaissance in small-town lawyering,” and in support he offers a revised look at six of the traditional reasons why graduates and young lawyers often avoid smaller communities. Let’s see if he’s right…
Earlier this week, I had the chance to sit down with David Tanenholz, one of the co-founders and partners at Hardinger & Tanenholz LLP (H&T), which is one of the few firms — if not the first — to promote itself solely as “discovery counsel.” And with their experience as Biglaw alumni, the two founders may represent a glimpse into the future of how lawyers can carve out a niche by fusing technology and project management.
So what is it that puts them ahead of the curve? Let’s find out….
Small law firms have many of the same management issues as Biglaw firms, but often deal with them differently — for example, setting billable hour requirements and adjusting pay scales to keep their lawyers happy (or at least just happy enough not to quit). One such issue that keeps coming to my attention is social media marketing.
Biglaw firms have formal departments to handle logos, social media, and the overall direction of their firms’ brands. Small firms have… well, they have the attorneys and maybe a do-it-all firm manager (like we had at my old firm). Thus is born a market for the web and SEO experts.
But wait, this is not what you think! This is not another self-help article about how to fix your website or use Twitter (like a pro!). There are more than enough of those.
Instead, I want to explore a less popular position…
A small law-firm bonus, or a small-law-firm bonus?
While Biglaw types may or may not have had something to be thankful for over the holiday weekend, many small firm lawyers were feeling the Thanksgiving love via the SoloSez list serve.
There were numerous magnanimous emails coming through about what small firm lawyers are thankful for. I found myself wondering whether these warm-and-fuzzy feelings resulted from pure happiness — or whether they might reflect cold hard cash, in the form of small-firm bonuses.
So let’s gather some data about bonuses at small law firms….
While bonuses are burning up the comments here at Above the Law, there’s another discussion raging over at the ABA’s SoloSez Listserv — where solo and small firm lawyers from around the country share resources, practice tips and the occasional anecdote.
Claiming the debt load for the average ASU grad has increased by $40,000 since she applied, the 3L is “reaching out to the online community to help [her] pay for it.” Good choice, since everyone knows that bloggers are just rolling in cash.
Given its entrepreneurial nature, this seems right up the small firm alley. But the plan has been received quite poorly by a majority of practitioners.
More about the sponsorship, what she’s willing to do for it, and the identity of the student, after the break…
Brick and mortar is so last century. Nowadays, one can get an entire post-secondary education without ever leaving the comfort of home, including a law degree (no I’m not talking about Belmont) and an LLM. Then, with your degrees and fully developed agoraphobia in hand, you can move seamlessly into a fully virtual law practice and stay in your sweatpants all day — well, depending on what state you’re in.
From a reader:
Earlier this year, the NJ [Advisory Committee on Ethics] held that having a virtual office is not a bona-fide office within the meaning of the NJ Rules of Professional Conduct. This adds another significant cost to setting up your own shop since you have to rent a place all the time, not just for meetings. . . . I am not sure whether NJ is unique in this regard, but the decision seems wrong and anti-competitive to me and it is the smallest of firms which are the most likely to be effected by the rule.
New Jersey is not unique in this regard, but it is among a dying breed. Recently, its Delaware River neighbor issued an opinion that many small firm lawyers hope is yet another nail in the coffin of physical office constraints….
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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