Ed. note: In honor of Columbus Day (and Canadian Thanksgiving), Above the Law will be on a reduced publication schedule today. We will be back in full force tomorrow.
* Justice stops for no one, not even a broken Congress. With the end of days approaching quickly for federal courts in terms of funding (or the lack thereof), many judges are lashing out and declaring all their employees essential. [National Law Journal]
* Legal expenses can be especially “painful,” even for the biggest of banks, but sadist firms like Sullivan & Cromwell, Paul Weiss, and WilmerHale are really getting their rocks off on Jamie Dimon’s suffering. [DealBook / New York Times]
* DLA Piper’s future’s so bright it’s got to wear shades — and appoint a new co-managing partner in New York City, its largest office. Congratulations to Richard Hans, you’ve co-made it! [New York Law Journal]
* “It’s not just about me.” Jim Tanner, a Williams & Connolly partner who represents Jeremy Lin, is leaving the firm to start his own sports management business, and he’s taking people with him. [Bloomberg]
* “I have no apologies to make about anything I did.” Steven Donziger of Chevron/Ecuador infamy will be defending himself in court this week in what’s being called a legal cage match. [Wall Street Journal]
* “Touro is asking a judge to declare the school a diploma mill.” Irony alert: Touro wants Novus University Law School, a school supposedly conferring “worthless law degrees,” to be stopped. [New York Post]
* If you think SCOTUS abused its discretion in the early abortion cases, you’re going to love this book (affiliate link), a “cautionary tale” about consequences of decisions like Roe v. Wade. [Wall Street Journal]
Sometimes the greatest truths are revealed in the most frivolous things. At least this guy hopes so. After the Atlanta Braves
lost the NLDS, he hopped on his computer and drafted a full letter to Representative Jack Kingston of Georgia complaining about the result and begging for government intervention to set things right.
I mean, can’t something be done to hijack the results of the last contest?
You see where he’s going with this. The letter carefully — and comically — exposes the insanity of the government shutdown that Kingston enthusiastically supports.
And then Kingston responded with a letter that was, um, not as clever….
We all know it, it’s why lawyers are so terrible: we spend all our time taking out how awful some client is on others. But no one ever calls out the client in public, because we’re either too nice or too interested in keeping our business to ridicule our gravy train.
But then there are some lawyers who are big enough and important enough to become the Honey Badger and just rip clients on the radio.
Maybe this is one more advantage of being part of Skull & Bones….
We have a lot of fun with Cooley Law around here. Oops. Sorry, Western Michigan University Law School. You know a school is on the upswing when it rebrands itself in the middle of the night.
Anyway, we’ve also talked about Cooley’s sports connection before, including Thomas M. Cooley Law School Stadium, which I suppose will become Western Michigan Stadium even though Western Michigan doesn’t play there. Or something.
It turns out Cooley Law also does a great job training people for their future careers. As long as that future career is an NHL coach instead of a lawyer….
* According to Altman Weil, law firm merger mania is on pace for record highs as firms desperately attempt to stave off financial problems by gobbling up smaller firms’ clients. [Am Law Daily]
* The NCAA better watch its back: Jeffrey Kessler, the Winston & Strawn partner who helped bring free agency to the NFL, wants in on the potential case for unpaid college athletes. [Bloomberg]
* Lawyers doing regulatory work are very afraid that the shutdown will decimate their fourth quarter billables because “[t]he longer it goes, the more problematic it will be.” Yay government. [Reuters]
* GrayRobinson partner Philippe Devé is in need of a bone marrow transplant, and his firm is using its social media presence to crowdsource a donor. Will you lend a helping hand? [Daily Business Review]
* UpCounsel has successfully raised $1.5 million in funding to beef up its international patent practice, proving the point that it costs a pretty penny to protect clients from the world’s patent trolls. [TechCrunch]
* Law schools in New York State are feeling the pain of the drop in applications, and some are now willing admit that their graduates had to start “cannibalizing each other” in the job market. [New York Law Journal]
* But really, so what if applications are down? Lots of law schools consider themselves lucky to be keeping the lights on with the assistance of generous alumni donations in the millions. [National Law Journal]
* Another day, another “diploma mill.” Sorry to disappoint you, law students and alumni, but Charleston School of Law is moving forward with its plans to sell out to the InfiLaw System. [Post and Courier]
* Who’s bad? Not AEG Live. A jury made up of people unable to answer yes or no questions during the reading of the verdict found that the concert promoter wasn’t liable in Michael Jackson’s death. [CNN]
* Sri Srinivasan was sworn in as a member of the D.C. Circuit by Justice Sandra Day O’Connor, who called him “fair, faultless and fabulous.” The man must have great shoes. [Washington Post]
* Things aren’t going very well for Steven Donziger in the Chevron / Ecuador case now, but then again, they never are. The Second Circuit denied his bid to oust the judge on the case. [Bloomberg]
* Dewey know how much this failed firm’s ex-landlord wants from 450 of its former partners? Somewhere in the ballpark of $1.6 million to $45.45 million, so it could be painful. [Am Law Daily]
* Kilpatrick Townsend & Stockton has already named a new chairman. Congrats to J. Henry Walker IV, a man whose name alone makes it sound like he should probably leading something. [Daily Report]
* Time is running out for prosecutors to bring charges against those connected to Bernie Madoff’s Ponzi scheme, but it looks like his niece, a Fordham Law grad, is in their sights. [DealBook / New York Times]
* The series finale of Breaking Bad airs on Sunday, and you must be very sad, so here are five compliance lessons to take away from the show. First and foremost, don’t ever hire a Pinkman. [Corporate Counsel]
* E.A. Sports and the Collegiate Licensing Company settled the suit filed against them by college athletes, leaving the NCAA to whine, moan, and “take this all the way to the Supreme Court.” [Birmingham News]
* George Zimmerman’s wife says her husband “went on a victory tour” without her, and has no idea where he is. Clue: maybe he was advising Cybill Shepherd for her role on Law & Order next week. [Miami Herald]
Sean Taylor was murdered on November 27, 2007. To give you some perspective on that date, just consider the following. In 2007, Above the Law was a free insert that ran in every other issue of Soldier of Fortune magazine. There, amongst the gun reviews and true tales of heroism, was David Lat’s humble legal gossip circular. In 2007, I was finishing my first semester of my second year of law school. I was taking Complex Lit or Fed Jur or Antitrust. Gearing up for all the abstract federal antitrust work I currently handle at Garbage Jobs ‘R Us, I guess? In 2007, an ounce of gold was worth two-and-a-half cents and two-and-a-half cents down could get you a house. With a pool. Or a pond. Pond would be good for you.
In 2007, Barack Obama was a Senator and David Souter was a judge. In 2007, I pissed in my bed two nights in a row. The first time was jarring, but ultimately surmountable. The second time was much more frightening as I discovered that a bed only comes with two sides that can be reasonably slept on. In 2007, the number one song was Rihanna’s “Umbrella.” It would not be until 2008 that I truly listened to this song. In 2008, my friends really hated me.
In 2007, the Indianapolis Colts beat the Chicago Bears in the Super Bowl. I was at a house party where I attacked the keg viciously and without mercy upon my arrival. Shortly after Devin Hester ran the opening kickoff back for a touchdown, I threw up in my friend’s toilet and passed out in someone’s bed. I awoke after halftime to discover that everyone hated me. This would turn out to be good training for 2008.
In 2007, Sean Taylor was murdered. This week, the trial date for his alleged murderers was set for this October.
On Wednesday, the Cleveland Browns traded running back Trent Richardson to the Indianapolis Colts for a 2014 first-round pick. This move, which amounts to Cleveland announcing to the world, “we took a two-week stab at 2013 and decided it’s not for us,” has the side effect of relegating Colts running back Ahmad Bradshaw to second-string status.
This is good for the Colts, maybe good for the Browns — assuming they can convert this pick into something worthwhile — and an absolute disaster if Ahmad Bradshaw played any role on your fantasy team. All of a sudden, that reliable second-tier back (though let’s be honest, he was probably never more than a decent Flex #realkeeping) is useless.
Now imagine how much worse it would be if you’d just traded a top 5 QB for a package involving Bradshaw. That’s what happened in one league and the rest of the league vetoed the trade after the real-life Richardson move. But since this league is a law school league, they prepared an appellate brief demanding the trade go through.
Last month, we brought you the titillating tale of Polina Polonsky, a “gorgeous brunette lawyer” who allegedly had an affair with Khloe Kardashian’s husband, NBA player Lamar Odom. Although it sounds like a Hollywood divorce train wreck in the making, sources claim Khloe and Lamar are going to stay together, even though the 6’10″ free agent is reportedly battling an addiction to crack cocaine, an odd drug of choice for a man of his wealth.
We know what you must be thinking: “Again with the Kardashian crap? Who cares if Lamar cheated on a Wookiee?” But today we think you’re going to care about the Kardashians if only because the lawyer involved in this torrid affair may have committed a serious breach of her ethical duties to clients at her firm.
What did this comely criminal defense attorney do that could have been so bad? Well, if your case didn’t go as planned, it may be because a washed-up basketball player like Lamar Odom was doing your legal work….
* Even at the top of the in-house food chain, women lawyers are still paid less than their male counterparts. But hey, at least they’re not being forced to cry poverty like their in-house staff attorney brethren. [Corporate Counsel]
* Neil Barofsky, the former King of TARP in the United States, is making the move to Jenner & Block, specifically because as opposed to all other firms, “Jenner took the side of really getting to the truth of the matter.” [Reuters]
* Luxury fashion is fun: four Biglaw firms, including Cleary Gottlieb, Cravath, Torys, and Proskauer Rose, all took Tim Gunn’s mantra to heart to make it work for the $6 billion sale of Neiman Marcus. [Am Law Daily (sub. req.)]
* If you want to try some lawyer, we hear that they taste great when poached this time of year. Speaking of which, Troutman Sanders just reeled in three attorneys from Hunton & Williams. [Richmond BizSense]
* Are you ready for some tax law?! The NFL and other professional sports leagues might lose their nonprofit status if new tax reform legislation makes it through the House and the Senate. [Businessweek]
Professor Joel P. Trachtman (JD Harvard Law School) has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!
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 seven years. You can reach them by email: firstname.lastname@example.org.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!