I’m back for more, to celebrate the Fourth in style.
When asked, how do I describe my current living arrangements?
“I have an apartment in Chicago and a flat in London.”
Isn’t that odd? I automatically translate from American English — “apartment” — to British English — “flat” — as my brain imagines the transatlantic journey.
I also now naturally think in Celsius — 0 is freezing; 20 is room temperature; 35 is miserably hot — without doing a mental detour through Fahrenheit. But I still think in dollars. When I see that a half dozen eggs cost two pounds, I’m outraged that I’m being charged nearly three fifty for the item in my shopping cart. I don’t (yet) naturally think in sterling.
So I’ve generally adjusted to my new life, but things can still occasionally get spooky . . .
It’s impolite to criticize how other people spend their money. Some people value guns, other people want butter, and of course, there are always people willing to borrow hundreds of thousands of dollars to pursue a useless education.
Debt financing your dreams is always a risky proposition, but it’s socially acceptable to do that if your dream is to be a doctor or a lawyer or a homeowner.
But what if you dream is to be a model? Is it appropriate and socially acceptable to debt finance aesthetic improvements in your body that you believe will take you to the next level modeling greatness?
* Six U.K. firm leaders got together to talk about how to run their practices during challenging economic times. It turns out they’d prefer not to run their firms into the ground. [The Lawyer]
* Look out everyone, because Taylor Wessing, an international law firm that’s known for its IP, media, and telecommunications work, is storming both coasts of the United States in its very own dual office launch Biglaw blitzkrieg. [Am Law Daily]
* “It is a shameful canard that student loans and indebtedness are the cause of high tuition. They are not; they are the symptom,” says a law dean standing up for his students. [Chronicle of Higher Education]
* If you want to go to law school and you’ve got an undergrad degree in a technical area like engineering, then congrats. You might stand to get a job after graduation. [Law Admissions Lowdown / U.S. News]
* The Supreme Court won’t be blocking gay marriages from occurring in Oregon pending an appeal. Maybe it’s because the request wasn’t filed by the state, or maybe it’s because Justice Kennedy is the man. [National Law Journal]
* “To err is human. To make a mistake and stubbornly refuse to acknowledge it — that’s judicial.” This Ninth Circuit judge wants his colleagues to get over themselves. Please pay attention to him, SCOTUS. [WSJ Law Blog]
* Cheerio mates! As it turns out, according to a recent stress study, lawyers at Magic Circle firms in Merry Olde England are more miserable than their American colleagues. [The Lawyer via The Careerist]
* Donald Sterling dropped his $1 billion lawsuit against the NBA and agreed to the sale of the Clippers to Steve Ballmer for $2 billion. Lawyers for Skadden have been sent back to warm the bench. [Bloomberg]
* In a surprise move, InfiLaw pulled its application for a license to run Charleston Law into the ground the day before a vote was supposed to be held. At least the opposition won this battle. [Post and Courier]
* The Yale Law School Clinic is representing a deported Army veteran seeking a pardon and humanitarian parole. Check it out: experiential learning can be beneficial for everyone involved! [Hartford Courant]
* Congrats are in order for David Barron. The Harvard Law professor was confirmed to the First Circuit in a close vote (53-45), despite his apparent allegiance to our new drone overlords. [WSJ Law Blog]
* Another one bites the dust: Weil’s London banking leader Stephen Lucas decamped for Kirkland & Ellis. The firm retorted by saying: “We have got 40 finance lawyers left.” Aww, yay for you. [The Lawyer]
* Dean Jack Boger of UNC Law is stepping down, but he’s proud of keeping legal ed affordable. “[B]y relative standards, we’re still doing that,” he said. It’s ~$39K for out-of-state students. [Chapelboro.com]
* O.J. Simpson’s lawyers submitted a gigantic legal doc in an attempt to get him a new trial for his armed-robbery case. Court word limit: 14,000. Words in the Juice’s motion: 19,993. Rules: LOL. [NBC News]
Times are still tough in the legal industry. The industry shed 1200 jobs last month and we hear about layoffs — mostly staff, but some attorneys too — on a weekly basis. On the flip side, Citi Private Bank tells us that Biglaw is growing again with improvements in both demand and billable rates.
Now comes news that some global firms are handing out salary increases and bonuses?
Maybe good times — or at least above-average times — are here again….
This Lawyerly Lair is on a pleasant, tree-lined block in Chelsea (click to enlarge).
No, we’re not talking about “law clerk” as in judge’s aide. It’s hard to afford a seven-figure home on a public servant’s salary. We’re talking about “law clerk” as in someone who’s working at a law firm, essentially as an associate, but is not yet an admitted attorney in the jurisdiction.
This “law clerk” and his partner, also a law school graduate, just picked up a spacious Manhattan co-op for a little under $1.7 million. Their housing hunt was chronicled in the pages of the New York Times. Let’s read more about them, and check out the place they finally chose….
We hate to break it to you, but perpetual bachelor George Clooney is reportedly off the market. We all knew this day would eventually come, but that didn’t stop us from hoping against all hope that it wouldn’t. Clooney’s last love interest was a former professional wrestler, but this time around, he had the good sense to pick a woman who has both beauty and brains. His fiancée is a lawyer, and it’s much harder for us to pray for a marriage measured in Kardashians when you find out about some of her clients and accomplishments.
The lucky lady Clooney popped the question to is the “breathtakingly beautiful and formidably successful” Amal Alamuddin. Let’s find out some more information about her…
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.
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