If you’re a former Supreme Court clerk, the legal world is your oyster. In the words of one observer, “Supreme Court clerkships have become the Willy Wonka golden tickets of the legal profession. So many top-shelf opportunities within the law, such as tenure-track professorships and jobs in the SG’s office, [are] reserved for members of the Elect.”
If you work at a hedge fund, maybe after a stint at Goldman Sachs or a similarly elite investment bank, you’re the Wall Street version of a SCOTUS clerk — at the top of the field, but with way more money. There aren’t many Lawyerly Lairs out there that cost $60 million (the cost of hedge fund magnate Steve Cohen’s new Hamptons house).
What could lure four high-powered lawyers and hedge-fund types, including two former clerks to the all-powerful Justice Anthony Kennedy, to leave their current perches? How about the chance to earn the kind of money that would make a Supreme Court clerkship bonus look like a diner waitress’s tip?
The thousands of NYU faithful crowding Washington Square park last night unleashed a torrent of cheers upon seeing plumes of white smoke arising from Furman Hall, signaling the selection of a new dean for the School of Law.
The hiring comes after former Dean Ricky Revesz announced that he was stepping down from the post he held for the last 11 years (though Revesz will remain on faculty at NYU, sort of a Dean Emeritus).
For Supreme Court clerks from October Term 2011, the historic Term of NFIB v. Sebelius (aka “Obamacare”), the hot firm to go to was Jones Day. As Tony Mauro recently reported, the firm hired six SCOTUS clerks from the OT 2011 class, which “may be the most clerks signed up by a single firm from a single term” (although Ted Frank suggests that Kirkland & Ellis might have had seven clerks back in 1995).
UPDATE (3/17/2013, 1 p.m.): Per Mauro, K&E has never had six or seven clerks from a single Term.
Leading litigatrix Beth Heifetz — a former SCOTUS clerk herself (OT 1985 / Blackmun), and a Tina Fey doppelgänger — confirmed that Jones Day paid the going rate in terms of SCOTUS clerkship bonuses: $280,000 (on top of the usual base salary and year-end bonus). One of the new hires, Rachel Bloomekatz, is joining JD’s office in Columbus, Ohio. She should be able to survive out there on half a million (the SCOTUS clerkship bonus plus a fifth-year associate’s salary; she’s a 2008 UCLA Law grad).
But what if you’re in the Columbus office and not a SCOTUS clerk? Don’t expect to be shown the money; instead, you might be shown the door….
In her bestselling memoir, My Beloved World (affiliate link), Justice Sonia Sotomayor recounts her journey from the projects of the South Bronx to the bench of the United States Supreme Court. Given that background, one would expect Justice Sotomayor to have a weak spot for young women who make it to One First Street from improbable places.
So it makes perfect sense that Justice Sotomayor has hired the first-ever Brooklyn Law School graduate to serve as a Supreme Court law clerk: Sparkle Sooknanan, a 2010 graduate of BLS who is currently an appellate attorney at the Justice Department. We’ve heard Sooknanan described as “an awesome human being” and “brilliant” — and with a name like “Sparkle,” the brilliance must be literal.
Sparkle isn’t the only bright young lawyer to claim a shiny new credential for the résumé. Read on for additional news of Supreme Court clerk hiring….
The Supreme Court’s 2008-2009 Term resulted in many notable decisions, including Ricci v. DeStafano and NAMUDNO v. Holder. It also resulted in some epic romances among the law clerks who ruled the building that year. This edition of Legal Eagle Wedding Watch features an astounding five Supreme Court clerks, all from that steamy OT ’08 class.
With five SCOTUS clerks — plus one former White House counsel — this is sure to be one prestige-drenched competition. Settle in, wedding watchers. Here are your finalists:
This Thanksgiving, five brilliant young lawyers will have something special to give thanks for. Earlier this month, they learned of their selection as the 2013 Bristow Fellows.
Bristow Fellowships, one-year fellowships in the U.S. Solicitor General’s Office, go to recent law school graduates with outstanding academic records and top clerkships. They are generally regarded as second only to Supreme Court clerkships in prestige — and often lead to SCOTUS clerkships as well. You can read more about the Bristow Fellowship, including the job responsibilities and application process, on the Justice Department website.
One of the newest Bristow Fellows is an Above the Law celebrity, whom many of you will recognize. Yes, that’s right — you can appear in the pages of ATL and go on to enjoy great career success in the law….
* And what should SCOTUS clerks do after they finish at One First Street if they want to make the most money? The answer may surprise you. [Breaking Views]
* As the NFL faces all those concussion lawsuits, America’s other professional football league (yes, the United Football League does exist) is getting sued… for not paying its players. [Forbes]
* An HLS student pleaded not guilty to sexual assault. What is it with all the Harvard Law folks allegedly causing trouble this week? Next thing you know, some Harvard Law grad is going to threaten to murder Big Bird. [Harvard Crimson]
* A veteran is suing the government over his frostbitten penis, which had to be “partially amputated.” Not only is that the second-worst thing I’ve ever heard, it doesn’t even really make sense. [ABC15]
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.