When we speak about work/life balance here in these pages, we don’t tend to talk much about sex. The more important things always seem to come to the forefront of the conversation — things like endless days, sleepless nights, and soul-crushing stress. When that’s what lawyers in Biglaw firms are grappling with on a daily basis, is it really any wonder that no one gives pause to talk about sex (or a general lack thereof)?
Now, we know that lawyers aren’t completely asexual, but perhaps there just isn’t a place to speak about what seems to be a rather impolite topic. So let’s plunge in and assess the situation, complete with a reader poll about whether your jobs are killing your sex lives.
In the wise words of Salt-N-Pepa, let’s talk about sex, baby….
* And Professor Josh Blackman has some ideas about the identity of the conservative professor discussed in the controversial emails. [Josh Blackman's Blog]
* Villanova hired ESPN’s Andrew Brandt to be the director of the school’s Center for Sports Law. Students would probably be more excited if this meant ESPN was interested in hiring them. [SB Nation Philly]
* Sumner Redstone of Viacom just donated $18 million to Boston University Law. Quick, Boston College, hurry up and find an old rich guy to make a multi-million dollar donation to your school! [Hollywood Reporter]
* Reality TV hottie Reichen Lehmkuhl, perhaps better known for being Lance Bass’s ex-boyfriend, reports that he’s going to law school. He should be required to attend class without his shirt on. [Instinct Magazine]
Lately, it seems that all of the regular legal media outlets have turned an eye toward women and their success in the profession. For example, earlier this week, we discussed whether women will ever be able to close the gender gap in Biglaw equity partnership ranks. Now, we’re faced with another “important” question: can older career women sport longer hairstyles?
According to some, such a look isn’t considered age-appropriate for the office. In fact, you could end up looking “rather sad and dated,” which may have an impact on your legal career. But then again, the National Law Journal’s survey on women who make partner didn’t include a question about the length of partnership candidates’ hair. Because at the end of the day, who cares? If a woman is great at her job, then the length of her hair shouldn’t matter.
Why can’t older women be successful and feminine at the same time?
Major law firms like to tout their dedication to furthering women’s success in the law, but if you look more closely, you’ll find that many Biglaw firm talk a big game, but have little proof back up their words. Take, for example, the fact that according to a recent survey conducted by the National Law Journal, the percentage of women lawyers in partnership positions has increased only 2.8 percent since 2003. In the meantime, the National Association of Women Lawyers says that the percentage of women in equity partnership positions has been “fixed” at just 15 percent for the past 20 years.
Well, whoop-dee-doo at all of these wonderful statistics that we’ve been choking down for the past decade. Women are apparently supposed to be happy about this kind of painfully slow progress. But what about the firms that have actually honored their commitments to women lawyers?
Or at least that’s what one Biglaw firm seems to think.
Over the weekend, lady lawyers got a serious case of the vapors when word got out that a firm that’s had its fair share of bad press was busy promoting a cooking class for one of its women’s initiatives programs.
Yes, a cooking class — because nothing says “I’m a successful attorney” quite like the ability to serve masterfully prepared hors d’oeuvres (bonus points if the cooking is done while barefoot and/or pregnant).
It’s almost enough to make these women wish they were Lathamed….
It’s getting hard to keep track of all the partner departures from Dewey & LeBoeuf. Thankfully, over at Am Law Daily, Sara Randazzo and Nate Raymond have this handy round-up. The bottom line is that the firm has 53 fewer partners than it did in January: one retired, one left for personal reasons, one went in-house, and fifty (50!) jumped over to rival law firms. You can review the biggest beneficiaries of Dewey defections over here.
So what Dewey do about the problem of fleeing partners? We get medieval on the cowards….
There’s actually some data driving this discussion. According to Chen, citing research by Professor Henderson, graduates of Loyola University Chicago School of Law are six times more likely to make partner at a major law firm than graduates of the higher-ranked University of Chicago Law School, located just a few miles to the south. It seems that even though Chicago Law grads may have an easier time breaking into Biglaw than their Loyola – Chicago counterparts, the Loyola folks who do make it in the door tend to have longer-lasting law firm careers.
Let’s not pick on U. Chicago. There are other elite law schools with even higher Biglaw “washout” rates….
Kyle McEntee (left) and Patrick Lynch (right), co-founders of Law School Transparency (LST).
Late last year, plaintiffs’ lawyer David Anziska pledged to make 2012 “the year of law school litigation.” Anziska, who’s currently spearheading efforts to sue law schools over allegedly misleading employment statistics, told my colleague Staci Zaretsky that he and his team members “want to sue as many law schools as we can to bring them into the fray.”
That’s all well and good — for plaintiffs’ lawyers, and for news outlets like ours seeking juicy stories to cover. But there are other ways to achieve reform. So here’s another thought: Could 2012 instead be the year of law school transparency? Transparency achieved voluntarily, by law schools coming forward on their own to share comprehensive data about how their graduates are faring in the job market?
In the weeks since we wrote about the University of Chicago Law School providing very detailed employment data about its recent graduating classes, based on our interview with Dean Michael Schill, we’ve heard from deans, professors, alumni and students of other law schools, all with similar messages. They believe that their schools, like Chicago, are also transparent about graduate employment outcomes — and they want to be recognized for it.
This chorus of “me too!” messages raises a promising possibility: Is law school transparency becoming, for lack of a better word, “cool”? Will honesty about employment data become the hot new trend for U.S. legal education?
As this is the first week after I made my New Year’s resolution, I can happily report that I am on track. Well, I did eat an entire coffee cake on New Year’s Day which probably did not fit within my new diet plan, but otherwise I am still resolute. Other than getting a hot bod for 2012, I have resolved to maintain a healthy work/life balance.
If I listened to the gospel of Facebook C.O.O. Sheryl Sandberg, I would worry that my resolution may stand in my way of attaining a leadership position. As some of you may recall, last January Sandberg identified “premature work-life balance concerns” as one of the three reasons many women fail to occupy the C-suite. As an example, Sandburg discussed a young woman in her office who was already worrying about how to juggle family, love, and work despite the fact that she was single and childless. (Way to kick a girl when she’s down, huh?) Vivia Chen, writing about Sandberg, agreed that there is an “increasing concern (maybe obsession) about the issue” of work/life balance among female lawyers and law students.
Luckily, I am not making this decision based on my concerns over hypothetical family obligations. No, I am just lazy and do not like to work. And I am not alone….
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.
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: