Ed. note: This is the latest installment of The ATL Interrogatories. This recurring feature will give notable law firm partners an opportunity to share insights and experiences about the legal profession and careers in law, as well as about their firms and themselves.
Larren Nashelsky is the chair of Morrison & Foerster. Prior to becoming chair, Mr. Nashelsky focused his practice on U.S. and international restructurings, including Chapter 11 reorganizations, workouts, restructurings, secured financings and distressed acquisitions and investments. Larren is a graduate of Hofstra University School of Law.
* “It’s totally reasonable to spend $75 just for a shot at an unpaid internship,” said no one ever. [Craigslist] UPDATE: The crafty employer took it down already. But they didn’t count on me getting a screenshot and transcribing it. Check it out after the jump!
* Kirkland & Ellis (or any Biglaw firm) handing out advice on women and “work/life balance” should elicit exactly this response. [UChiLawGo]
* Reading Above the Law can make you money. Sure, it’s only by boosting your severance package, but… [A Paralegal's Life]
* Several law school professors were recruited from prison. So if you’re hoping to get tenure… [Dallas Blog]
* Pirate Bay is still out there hopping around the Caribbean to avoid prosecution. Just like real-life, well, you know. [IBTimes]
* Running over a bicyclist? Accomplishment unlocked for some real-life GTA players. [Legal Juice]
Justice Sonia Sotomayor is not a fan of the “having it all” concept. As she wrote in her recent (and excellent) memoir, My Beloved World (affiliate link), “having it all, career and family, with no sacrifice to either… is the myth we would do well to abandon, together with the pernicious notion that a woman who chooses one or the other is somehow deficient.”
Even though their panel had the phrase “Having It All” in the title, the participants in an interesting discussion on work/life balance at last week’s big NALPconference would probably agree. One theme that ran through the discussion was that sacrifices, on the work front or home front or both, are inevitable — and there’s nothing wrong with that.
Still, the panel’s emphasis on the need for working parents to rid themselves of guilt didn’t stop some people from shedding a few tears during the discussion….
Last week’s column was not intended for a particular group, other than those who enter the world of Biglaw and then wonder what has become of their work/life balance. Some accused me of whining. If that is how you comprehended my message, it speaks to a lack of either comprehension on your part, or writing talent on my part. I was not complaining, I was preaching — or trying to preach. I receive so many letters from young (inexperienced) attorneys and law students asking me about the mythical work/life balance that I took the opportunity to blow off some steam in an attempt to speak truth. I feel that I may not have been thorough, and want to further elucidate (bloviate).
Would you go to work as a deep-sea welder and then complain that you don’t get home enough? Or how about an over-the-road truck driver? Or a fireperson(?) who works three on/three off shifts? No, you wouldn’t. And who would be so dim, right? People going into those jobs know the requirements up front, and still choose them. They don’t later bitch and moan that what they lack is a fireman’s committee that will present grievances to the higher-ups – and they especially don’t complain about this falsehood called work-life balance.
At my last firm, there was just such an “Associate’s Committee,” and they put together a manifesto of sorts that they presented to the partnership. And you know what? Not a damned thing changed, except the partners got angry. And I was angry. It was embarrassing to me that I would be viewed by some partners as actually agreeing to that tripe. I knew what I was in for when I signed on for firm life so very long ago. Don’t get me wrong, I am not taking the tack of a codger lecturing to newbie “why, in my day…” To the contrary, I am speechifying that if you find yourself in a position at a law firm in which you are unhappy, it is likely your own damn fault.
Just a typical lapsed lawyer (J.D., Northwestern ’68)
Lawyers turn into ex-lawyers for a host of reasons. The transition can be voluntary or not. We all know that erstwhile attorneys have successfully gone on to become, among thousands of other things, consultants, teachers, writers, and entrepreneurs. Late last year, in partnership with our friends at Adam Smith Esq., we reached out to lapsed lawyers to ask them their personal stories. Why did they choose the law in the first place? Why did they leave? What are they up to now? Do they regret leaving the practice of law? (A whopping 93% said “no” to that last question.)
We were quite pleased with the level of response to our survey: 430 former (or “recovering”) lawyers shared their stories with us. The tales they told us bring to mind a sort of inversion of Tolstoy’s line about happy and unhappy families. Those who were positive about their time spent practicing had a diverse range of experiences; those who were unhappy mostly tell the same story.
Last week I spoke with an In-House Insider, a Biglaw refugee turned in-house counsel. You can see what our Insider has to say about the state of Biglaw and client relations here and below.
As with the initial installment, the only changes I made to the Insider’s words were those done to protect their identity, and the Insider was given the opportunity to revise their points once I added the questions and commentary.
Again, I thank the Insider for the candid observations and thoughtful opinions on these core issues. Now, on to the discussion….
It’s the last day of December, so it’s a good time to look back on the year that was. We’ll do what we’ve done for the past three years (wrap-up posts from 2009, 2010, and 2011 can be found here, here, and here) and identify the ten biggest stories of the past year as decided by you, our readers. With the help of Google Analytics, we’ve compiled a list of our top ten posts for 2012, based on traffic (as represented by pageviews).
By the way, for the third year in a row, the most popular category page on Above the Law was Law Schools. People have now been intensely focused on the declining value proposition of going to law school for as long as it takes to earn a Juris Doctor degree. Isn’t it time that we graduate from the current educational model?
The second and third most-popular categories on ATL in 2012 were Biglaw and Bonuses. Although this year brought us the largest law firm failure ever, nearly all other firms indiscriminately doled out offers to summer associates, and bonus season looked better for the first time in years. While the legal profession is still in transition, things are certainly looking up, and through the highs and the lows, we’ve been there to cover it all.
So what were the ten most popular individual posts at Above the Law in 2012? Let’s find out….
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.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
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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.
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