He was clearly the salesman-in-chief, and he did a darn good job at it. I remember being told that despite the fact that the economy was essentially collapsing around everyone’s heads, 2008 was going to come in well over budget with record revenues and profits.
Thanksgiving is just a few days away. But at the U.S. Department of Justice, there might not be a lot to be thankful for. Most of the DOJ-related news floating around right now is depressing.
A court-appointed investigator, Henry F. Schuelke, just issued what the New York Times described as a “scathing” report on one of the DOJ’s most prominent prosecutions in recent years. Schuelke concluded that the prosecution the late Senator Ted Stevens “was ‘permeated’ by the prosecutors’ ‘serious, widespread and at times intentional’ illegal concealment of evidence that would have helped Mr. Stevens defend himself at his 2008 trial.” Ouch.
(The good news, from the Department’s perspective: a recommendation against criminal prosecution of the DOJ officials involved in the case. That’s something to be thankful for, I suppose.)
Alas, that’s not all for depressing dispatches out of the Department. Let’s discussing the hiring freeze, and the state of Honors Program offers….
The National Association for Law Placement (NALP) has produced an extremely useful chart for people trying to figure out where to start their Biglaw careers. They’ve listed the cities that give you the most bang for your buck if you land a high paying Biglaw job.
The NALP “buying power index” sets New York as the baseline. It takes the median starting salary for the class of 2010 and the NYC cost of living index and sets that figure at 1.00. Cities with a better purchasing power than NYC have a value greater than 1.00.
New York ranks #42.
Most of the high-ranking cities also have the benefit of warmth….
Since the dates in D.C. have been a little more exciting than those in Chicago, I decided to spoil you with one last set-up in the nation’s capital. I brought in a pinch hitter for this one. After a “disarmingly feisty and unabashedly vivacious” female lawyer shot down the frat boy I set her up with, she asked to be set up with someone more her type, “aka really hot, quirky, and a commitment-phobic womanizer.” Pinch Hitter emailed me, saying he fit the profile.
Feist-Master said she was up for round two, but then disappeared off of the face of the earth email. So I decided to pull a switcheroo, pairing the quirky commitment-phobe with another of the many single female lawyers in D.C. I chose a hot, young T-14 grad at a Biglaw firm, who self-described as “optimistic, spontaneous, and active,” and said she would be a journalist if not a lawyer. The two legal eagles both sounded like thrill-seekers to me, so I sent them to The Russia House after work on a Friday and hoped for an epic night.
Epicness ensued. This is the kind of first date story that Wannabe Lara Logan will be able to milk for years…
Happy Tuesday, Above the Law readers. I hope you had a lovely weekend, spent staring deeply into someone’s eyes over a candlelight dinner, or rubbing up against a hard-bodied young thing on a dance floor, or fighting the cold by cuddling on the couch, or — if you live in Florida — doing all those things and more with your favorite barnyard animal for the very last time (legally).
If you had a romance-free weekend, do not despair. Dating sucks sometimes — especially when it’s a date set up by a legal blogger with no particular aptitude for matchmaking. Last week, I thought I had actually done a decent job. I sent two Washington, D.C. lawyers out to Eighteenth Street Lounge on a Thursday night. Halfway through the date, the dude sent me an email, “Going really well so far.”
“I finally have one that’s going well,” I enthused to my boyfriend. “Doubtful,” he responded. “If he’s excited enough to send a mid-date email, that probably means you set him up with someone who’s totally out of his league.”
I should mention that one of the things that I like in a partner is their being slightly more perceptive than me….
Sad fact of the day: about fifty percent of marriages in America end in divorce. Of course, many of you already knew that, because you’re divorced yourself, the child of divorced parents, or a divorce attorney who is rolling around in money. But however you slice it, some of the best divorce train wreck stories are born of child custody battles.
Parents going through a divorce are willing to fight over anything when it comes to the custody of their children (“How dare you feed little Suzie pasta that isn’t organic and gluten-free?!”). Even when a divorce is finalized, sometimes parents are still willing to pull the trigger on any issues that arise. In some cases, though, custody modifications are warranted.
And in this case, an Oregon mother is actually fighting to keep another woman from pulling the trigger on her teenage sons, because she’s done it before….
With the discussion of heavy Biglaw workloads still fresh in our minds, let’s remember that most attorneys understand the law is a rigorous profession. Lawyers don’t expect to work 9-to-5 hours. Most lawyers aren’t going to freak out when they have to put in a long week.
At least on the East Coast. Maybe, up in the Pacific Northwest, lawyering is a different thing entirely. Maybe it’s a regular, working man’s job, where you “punch in,” “punch out,” and take a precise hour-long lunch away from your desk every day. And maybe northwestern lawyers get so used to this workaday schedule that when they find themselves in the middle of a long week, and the specter of weekend work is staring them in the face, it’s totally usual for them to lash out at opposing counsel with displaced anger.
Or maybe this one prosecutor is just kind of a prick?
We’ve previously discussed the trend of partners leaving Biglaw to launch their own firms. We’ve seen a lot of this action in New York and D.C., home to such well-regarded boutiques as MoloLamken, started by former Shearman & Sterling and Baker Botts partners, and BuckleySandler, started by former Skadden partners.
It’s happening out on the West Coast, too. In the fair city of Seattle — one of my favorite places in the entire United States, especially when it’s not raining — about half a dozen partners are leaving K&L Gates to start their own shop. One Queen Emerald City tipster described this news as “the most exciting thing that has happened here since Kurt Cobain died.”
UPDATE (4/5/11): The official press release about the new firm, Pacifica Law Group, appears after the jump.
Who are the lawyers that are leaving, and why? Let’s find out….
This is rich. The owner of the Washington Redskins, Dan Snyder, has sued the Washington City Paper for a column he claims defamed him and used anti-Semitic imagery. That’s right, the man who has famously defended his right to name an entire football team after an ethnic slur is playing the ethnic card because a columnist made fun of him.
The kicker is that on top of this amazing execution of rank hypocrisy, Snyder manages to insult all Jews who have actually dealt with anti-Semitism by coming up with an ethnic offense where none existed. The columnist wasn’t making Jewish jokes or playing off of Jewish stereotypes. He was calling Dan Snyder a terrible owner and a shady dude. Saying he was a victim of anti-Semitism degrades the term and make this entire lawsuit look like the petulant reaction of a narcissistic millionaire.
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 protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.