In Machiavelli’s masterpiece, The Prince, chapter 19 — “That One Should Avoid Being Despised And Hated” — contains Machaivelli’s only suggested restrictions on the Prince’s absolute power. Machiavelli essentially argues that the Prince must not take the people’s sheep (“sheep” being a metaphor for the ability of peasants to have enough food) or their women (“women” being a metaphor for women). He writes: “It makes him hated above all things, as I have said, to be rapacious, and to be a violator of the property and women of his subjects, from both of which he must abstain. And when neither their property nor honour is touched, the majority of men live content, and he has only to contend with the ambition of a few, whom he can curb with ease in many ways.”
These are good restrictions for all who find themselves in positions of inscrutable power. Most men will suffer any other form of servitude so long as they have enough to eat and are allowed exclusive access to their own wives. The 1% will be just fine, so long as they don’t institute some kind of system of polygamy that allows the wealthy to marry-up all of the available women.
Machaivelli’s advice applies just as easily to a totalitarian ruler of a country as it does to a managing partner of a law firm. Managing partners, ignore Machiavelli at your peril. You could end up with a full-scale revolt on your hands — or, at the very least, an embarrassing lawsuit from a former, allegedly cuckolded partner….
Edwards Angell & Wildman Harrold: A match made in heaven?
What results from the coupling of an angel and a wild man? One might think: angel + wild man = air traffic nightmare.
In the law firm context, however, the result is quite different. Edwards Angell is merging with Wildman Harrold, to form Edwards Wildman Palmer. The merger will take effect on October 1 and “will bring together 650 lawyers across two legacy firms renowned for their deep experience, shared dedication to client service, and highly collaborative cultures,” according to the new firm’s website.
What else do we know about Edwards Wildman Palmer? And what might be motivating this merger?
I'm pretty sure this was the only child to die under suspicious circumstances in the past three years.
* Caylee’s Law would make it a felony for anybody to grieve for their child in any way that doesn’t involve law enforcement within the hour. I trust the libertarian crowd is going to help me point out how this is dumb. [WSJ Law Blog]
* Big time antitrust lawyer Christine A. Varney is leaving the Justice Department and heading to Cravath (perhaps as a replacement of sorts for Katherine Forrest). So it looks like there was some money left over after spring bonuses for Cravath to make a new hire. Phew. [Dealbook]
* Even judges in Flori-duh are allegedly bats**t crazy. [Obscure Store]
* In more reasonable news coming out of Florida, this reminds me of the “mock trial” club in high school. [Miami New Times]
* Courtesy of NALP, here’s more evidence that the class of 2010 is totally screwed. You know, I wish I could have the entire class over to my house for a big pity party. We could all hang out and play Rock Band, and at the end everybody could have a cup of my delicious homemade Kool-Aid. [NALP]
* Chicago law firm merger mania? I just hope nothing messes with the name “Wildman Harrold.” [ABA Journal]
What is the upside in forcing colleagues to stay who don’t want to be there anymore? That’s unclear.
But the downside should be obvious. Letting it get to this point is like putting up a big red sign to potential future partners at Wildman that reads: “If you ever leave us we’ll do everything we can to screw you.” Wildman might not be at the boiling rabbits stage, but it’s pretty easy to get a reputation as that crazy chick nobody wants to date.
Of course, to hear Wildman tell it, nothing unusual is going on here, the firm is just following its procedures…
Ed. note: Above the Law has teamed up with Law Shucks. Law Shucks has done excellent work translating all of the layoff news into user-friendly charts and graphs: the Layoff Tracker.
For a while there it would look like the first consecutive weeks without layoffs since this time last year (by our reckoning, you have to go back to the weeks ending October 9 and October 2, 2008). Alas, one firm did come through with staff layoffs, about which more after the jump.
As usual, we begin with the US macroeconomic picture, and as usual, it ain’t pretty. For the week, the S&P 500 was down about 2%. That was the second straight week of losses, and the DJIA had its biggest weekly decline in three months. 263,000 net jobs were lost in September and the unemployment rate rose to 9.8 percent, despite perhaps the technical end of the recession. As with the stock market, bad results are one thing, but results worse than expectations are another, and that was the case here. Consensus estimates were net losses of 175,000, so the actual results were way short. August’s revised numbers were slightly better than original reports, though.
[T]he report also buttressed fears that economic expansion would be weak and hesitant, with scarce paychecks and economic anxiety remaining prominent features of American life well into next year.
“This is a weak report,” said Stuart G. Hoffman, chief economist at PNC Financial Services Group in Pittsburgh. “The rate of job loss has tapered off, but we still haven’t reached the point where businesses are willing to hire.”
Could this create political difficulties for the president?
Wildman Harrold has decided to give a majority of its incoming associates the Fox. Am Law Daily reports that the firm has rescinded offers to 10 of its 14 associates. Unlike Arent Fox, Wildman will not be giving its would-be incoming associates any stipend.
On the Wildman Harrold career page, they really like numbers. They evidently haven’t had a chance to update their summer associate page; they’re probably busy with fall recruiting. So I figured I’d give them a hand.
Wildman, by the numbers:
* 10 – Number of offers rescinded to class of 2009 associates (out of 14). * 4 – Number of offers extended to 2009 summer associates (out of 17). * 10 – Number of lawyers laid off in January 2009. * 10 – Number of lawyers laid off in April 2009.
Wildman is a Chicago based firm. Yesterday, we told you that the Illinois bar results were out. You don’t think that Wildman rescinded offers right after the bar results came out do you? More details after the jump.
While the cutting edge firms have moved onto cutting salaries, there are still firms that are getting through their layoffs.
Yesterday, Above the Law learned that Wildman Harrold decided to go through another round of cuts. Here is the firm statement:
We have reduced our associate ranks by 10 and our secretarial staff by 7. The individuals affected by these reductions are all high quality employees and professionals, who have made valuable contributions to our firm. Our diverse profile as a firm remains unchanged by these departures.
Wildman Harrold, a Chicago based law firm of over 200 lawyers (and an ATL commenter favorite) has laid off 10 lawyers.
The firm has confirmed that there were “approximately” 5 income partners and 5 associates let go. Our tipsters also report that eight staffers were also let go, but the firm did not confirm that information.
One tipster reports that Wildman’s managing partner had previously promised that there would be no layoffs at the firm:
The Managing Partner, Robert Shuftan, assured associates a month and a half ago that the firm would not be conducting layoffs unless something “catastrophic’ happened to the firm.
Another tipster reports:
The laid off attorneys were told that the moves were necessary because of the current economic climate.
But the firm contends that the layoffs were part of its annual review process.
Watch to find out what some of our subscribers received in their May box!
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We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at email@example.com in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
The last time I flapped my wings your way, I tried to make at least enough noise about your mobile phone to make you more than a little bit uncomfortable. I hope I did. If enough of us become anxious enough about the known and unknown unknowns and knowns in our mobile phones, then we can start making wise decisions about how to manage that information and its resultant investigations.
Today, I’d like to put a finer point on the last installment’s topic by asking a question that seemed to catch most attendees off-guard at a conference panel that I moderated last week: is there discoverable personal information in a mobile app? Our panelists’ answer was a uniform “yes” with one stating that, if he had to choose only one type of data that he could discover from a mobile phone, he’d choose app data. Why? Because there’s simply so much of it and because almost all of it is objective – not just user-created like an email – but machine-tracked like GPS, usage duration, log in and log out times, browsed web addresses, browsed actual addresses. Also, most of us seem to have the idea that data doesn’t actually “stick” to our mobile devices the way it “sticks” to our hard drives. Maybe there’s a disconnect based on the fact that our phones are mobile so we assume the data is mobile to?
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