Thursday, November 12, 2009

Green Shoots Down Under

An Australian Lawcruiter sees a coming "Recruitment Storm".
"About six weeks ago things started to dramatically develop and increase and improve. A number of firms - in fact quite a large number of firms - that had made it very clear that they had put recruitment on ice returned to the market, and in some cases have returned to the market aggressively," he said. "I think we've already started entering a recruitment storm. I think everyone was expecting it to take place over the next six to 12 months, but I think it's happening already."

Even if this is overblown, I think this is another indication that the market is bottoming out. And not a minute too soon - here in the USA - for the 5,259 lawyers axed in the Top 250 firms in 2009 or, the 2,784 first-year lawyers whose start date was deferred.

No, really.




Thursday, May 14, 2009

"Help Wanted: $7,500/year. Required: Long Hours, Emotionally Draining Hard Work + Celibacy + Resiliance ... For the rest of your life."


Sounds like an ad for first year associates! (Or Lawcruiters?) And with all these looming salary cuts, even the salary sounds right!

Anyone?





Thanks to Harry Joiner for the Link.


Tuesday, May 12, 2009

Post Armageddon: "Green Shoots" for Lawcruiters?

Mass layoffs. Salary cuts. No associate job orders. Desperate associate recruiters suddenly becoming partner recruiters. Every recruiter calling and chasing the same 100 viable candidates. It’s enough to make a despairing Lawcruiter abandon the business for good. (But see this video for the contrarian view.)

Friday, August 01, 2008

Impossible to Make Partner? (Survey Says: We don't think so)

Sharp eyes at the BLT have noted , in The American Lawyer’s midlevel survey, that more associates are feeling that becoming a partner in a firm is increasingly accessible. This seems realistic, as previously discussed here, although this realization obviously does not help law firms with theur attrition rates - which, in these days of mass layoffs, is probably just as well.

Thursday, July 31, 2008

How Not to Interview Attorneys (Really)

I can write for hours about the faux-pas committed by legal employers, and law firms in particular, when interviewing prospective attorney hires. Or I can simply direct you to this don’t-know-whether-to-laugh-or-cry website “The Lawyer Job Interview Translator”.

Wednesday, February 27, 2008

Are Lawyers Overpaid? Your Vote Counts!

Friday, February 15, 2008

Going Global?

I spend at least 50% of my time working on placements involving cross-border practice development issues, and am occasionally asked for advice on how lawyers might best take advantage of the huge opportunities that are now available to lawyers thanks to globalisation. I recently had a long conversation about some of these issues with a well-known career planning consultant who had asked me to answer some questions for lawyers contemplating a move overseas. Here are some excerpts from that conversation.

1. As a recruiter, how did you come to specialize in placing international lawyers? How are you different than other recruiters?

My interest in international lawyer placement grew out of my professional experiences as a lawyer in London and in the Former Soviet Union, as well as my extensive travels and experience living in multiple cities world-wide. This experience gave me a comprehensive understanding of the issues faced by lawyers that leave their home jurisdictions to practice law abroad. I’ve “been there, done that”, and I believe that this makes me a more effective counselor to attorneys contemplating international practice development initiatives and/or relocation to an overseas market.

2. What are the current job market trends that apply to international practitioners?

The globalization of capital markets has created a strong demand for attorneys experienced in US/UK style securities offerings. To some extent, these are the most “portable” attorneys in the world. With the tremendous economic growth in China, the United Arab Emirates, Russia and, potentially, the Indian subcontinent, the prospects for these lawyers – particularly where they have local language skills, will continue to grow brighter every year.

3. Do you have any special advice for lawyers who want to work abroad?

Planning is key – and an integral part of this process is being clear about why you are moving, what exactly you want to achieve, and whether your plans are realistic. To a great extent, this is very similar to the thinking that that any entrepreneur undertakes when planning a new business. This means that you need be doing significant market research to understand the opportunities and threats in your chosen market and also to be clear about whether your strengths and weaknesses will permit you to thrive in this new market. The analysis can be as simple as “If I move to China - do I speak Mandarin well enough to build a network of local business relationships” or as complex as “How can I market my technical expertise and existing business relationships in structured finance so that I can be immediately relevant to the current practice needs of a law firm in Beijing, and also be perceived as a practice leader in my area if expertise within the local capital markets bar”. Once you understand these things – you can then map out a strategy to help you achieve your goals and objectives. The great thing about developing markets is that virtually no idea is out of the question - as long as you have a practical plan to make that idea a reality.

4. How important is it that a candidate speak a foreign language, and if so, which ones?

The most important foreign language to learn is the language of the county to which you are moving! An attorney who does not know the local language is at an enormous disadvantage to competitors who do - particularly if that lawyer wants to establish a network of local business relationships. The sole exception to this is the lawyer with a particular technical expertise and/or English language drafting skills where the expertise or the language skills are needed in the new office over and above every other criteria.

5. What would you recommend for an attorney who wants to break into the field, but so far does not have any experience working on international matters?

I usually discourage an attorney from moving to an overseas market without first having at least 2-3 years of significant US/UK transactional experience. This is because that attorney will be expected, on arrival in the new market, to be “ready to go” and requiring very little by way of additional formal training. Moreover, the smaller size of offices in many overseas jurisdictions and the often unfamiliar levels of support services (as compared to a what one is used to in Manhattan of London) make it essential that the lawyer have a level of maturity sufficient to deal fairly independently with the uncertainties and changes that go with practicing law in developing markets. In addition, and as discussed earlier, I strongly encourage attorneys to learn the relevant business language in the new market. Most importantly, I encourage the planning also I talked about earlier. While there are tremendous opportunities awaiting lawyers that relocate to new markets, it is my experience that only those lawyers that do the needed preparatory thinking and planning can truly succeed in their new professional home.

6. What kinds of advice do you share with international lawyers who want to transition to another firm? Or in house?

This question raises a lot of issues that may be beyond the scope of this forum. In part this is because each lawyer who moves abroad has unique issues that need to be carefully addressed. For example – there are real differences in the nature of the issues faced by lawyers who want to make their first move to another markets; those lawyers who want to stay in their “new” market but move to another employer; and those lawyers that want to come “home”. Similarly, there are specific issues faced by lawyers that are recruited from within their existing firm to move to a foreign office; lawyers that are moving to another market to gain expertise in a specific industry or practice area; and lawyers who move to a new market to build general corporate practice representing local clients in respect of their cross-border issues. There are also the issues faced by those who relocate for the pure fun and adventure of practicing law in a new country. In general however – and particularly for those contemplating their first move abroad, I make a point of being candid about the up-front career costs of relocation, and the risks and realities of moving to a new market. For example, it is essential that this lawyer be clear-eyed about the inevitable changes in the nature of the professional and business relationships in the “home market” (and the need to realize that these changes will initially be felt as a “loss”), as well as the effort that will required to build new professional and business relationships in the new jurisdiction so that the lawyer will have, in the future, either an economic basis for a law firm partnership or a business context for other initiatives, including opportunities to work “in-house” for a client. The corollary to this is “you can’t go home” – and any lawyer who thinks that after two years working abroad he or she can return to their old firm and simply take up where they left off will very likely be sorely disappointed.

7. Do you have any particular networking or similar tips for international lawyers who want to change jobs?

I understand networking to be the activity of establishing and building relationships within a community of individuals having common commercial needs and interests. In this sense, networks are as critical abroad as they are at home – and maybe even more so given that a lawyer will usually relocate to a new market without any significant local network. In my experience, the best business and in-house opportunities arise as a direct result of a positive existing client or business relationship. For a lawyer relocating abroad it is especially critical to establish these relationships (within the framework of the plan prepared before making the move!) upon arrival in the new market because it is precisely these new relationships, combined with whatever remains of the old relationships you leave at home, that will determine your long-term future commercial viability and success as an attorney.

8. What do you recommend for lawyers without top tier international credentials?

It is very hard for a US lawyer who does not have the credentials needed to get a job in a western office an AMLAW 200 or Global 100 tier firm to get a similar job in an international market. Ex-pat hires are very expensive for legal employers and, accordingly, they tend to insist on top credentials. My suggestion for lawyers without these credentials is to think more creatively about entrepreneurial options to use your specific skill set within your chosen market, or else choose a less popular market where some legal employers might be more flexible as to their hiring criteria.

Monday, July 16, 2007

Weekly Wrap-Up: Notable Moves

Atlanta

  • Paul, Hastings, Janofsky & Walker gets restructuring partner John Douglas and counsel Chris Daniel from Alston & Bird.

Boston

  • Foley Hoag gets mergers and acquisitions and private equity partner Douglas A. Zingale from Greenberg Traurig.
  • LeClair Ryan launches a Boston office with ten lawyers Donovan Hatem.

Charlotte

  • Kennedy Covington Lobdell & Hickman get financial services partner Kent from Helms Mulliss & Wicker of Charlotte.
  • Sonnenschein Nath & Rosenthal gets litigation partner Jonathan A. Vogel. Mr. Vogel was previously a former assistant U.S. attorney at the Western District of North Carolina, and also served as deputy general counsel at the U.S. Department of Education.

Chicago

  • Reed Smith gets tax, wealth planning and benefits partner Mary C. Downie from Jenner & Block, and of-counsel Judith Rea Heck from The Northern Trust Co. of Chicago.

Hanoi and Ho Chi Minh City, Vietnam

  • Duane Morris opens offices in Hanoi and Ho Chi Minh City, Vietnam.

Houston

  • Porter & Hedges gets energy and real estate partner Greg Barker from Fulbright & Jaworski.

London

  • Eversheds gets India specialist Gauri Advani from Denton Wilde Sapte.

New York

  • Akin Gump Strauss Hauer & Feld gets tax partner Geoffrey E. Secol from Milbank Tweed Hadley & McCloy where Mr. Secol was a counsel.
  • Crowell & Moring gets tax partner Viva Hammer from the U.S. Treasury Department.
  • Dorsey & Whitney gets litigation partner Steven R. Schoenfeld from Torys.
  • Heller Ehrman gets intellectual-property litigation partner Joy Arnold from King & Spalding.
  • Kramer Levin Naftalis & Frankel gets environmental partner Charles S. Warren from Bryan Cave. Mr Warren, who will become chairman of the firm's environmental group is a former regional administrator at the U.S. Environmental Protection Agency.
  • Loeb & Loeb gets corporate partner Stephen Cohen from Morgan Lewis where Mr. Cohen was a senior counsel.
  • Mayer, Brown, Rowe & Maw gets corporate partner Sterling M. Dorish from King & Spalding, where Mr. Dorish was an associate. Mr. Dorish had been previously associated with Mayer Brown’s Chicago and London offices.
  • Reed Smith gets bankruptcy partner Edward J. Estrada from LeBoeuf Lamb Greene & MacRae, where Mr. Estrada was an associate.
  • Shearman & Sterling gets back tax partner Tammy P. Bieber. She was formerly senior adviser to the chief accountant of the U.S. Securities and Exchange Commission.

Rome

  • Lovells gets competition partner Gianluca Belotti from SJ Berwin and corporate partner Paolo Tannoni from E&Y Law.

Stamford, CT

  • McCarter & English gets insurance coverage partner Joseph J. Cherico from Paul, Hastings, Janofsky & Walker.

Washington, DC

  • Dewey Ballantine gets intellectual property litigation partners Dirk D. Thomas, Robert A. Auchter and Kenneth A. Freeling from Robins, Kaplan, Miller & Ciresi.
  • Sheppard, Mullin, Richter & Hampton get litigation partners Christopher S. Huther and Megan H. Troy from Kirkpatrick & Lockhart Preston Gates Ellis.

Monday, July 09, 2007

Weekly Wrap-Up: Notable Moves

Cologne

  • DLA Piper gets international energy law partner Michael Cieslarczyk from White & Case's Düsseldorf office.

Dusseldorf

  • Allen & Overy is opening an office in Duesseldorf, to be headed by ex-Freshfields Bruckhaus Deringer local chief Thomas Austmann.

London

  • Baker Botts gets East-Europe capital markets specialist Andrei Yakovlev from Dewey Ballantine.
  • White & Case gets East-Europe and emerging markets capital markets specialist Carter Brod from Baker & McKenzie.

New York

  • Akin Gump Strauss Hauer & Feld gets tax partner Geoffrey E. Secol from Milbank, Tweed, Hadley & McCloy.
  • Bracewell & Giuliani gets finance partner Jonathan D. Wry from Simpson Thacher & Bartlett where Mr. Wry was a counsel.
  • Katten Muchin Rosenman gets commercial finance partner Janu Sivanesan from Sonnenschein Nath & Rosenthal.
  • Loeb & Loeb gets intellectual property litigation partner Warren MacRae from Bryan Cave.
  • Mintz Levin Cohn Ferris Glovsky & Popeo gets public finance partner Jeremy Spector from Blank Rome,

Paris

  • Shearman & Sterling gets banking and structured finance partner Pierre-Nicolas Ferrand from Jones Day.
  • White & Case gets leveraged finance leveraged finance partner from Allen & Overy (A&O), where she was a counsel.

Shanghai

  • Shearman & Sterling opens an office headed by project finance partner Andrew Ruff.

Silicon Valley

  • Pillsbury Winthrop Shaw Pittman gets securities litigation partner David Furbush from O'Melveny & Myers. Mr. Furbush will serve as co-leader of the firmwide securities litigation specialty team.

Tokyo

  • Latham & Watkins gets M&A and corporate finance partner Ryan Dwyer, from DLA Piper.
  • Nishimura and Asahi gets capital markets and securitization partner Mitsuhiro Yasuda from Linklaters. Nishimura and Asahi is the newly merged entity combining the Nishimura Law Offices and Asahi Law Offices, and is the largest firm in Japan with 325 lawyers.

Washington, D.C.

  • Townsend and Townsend and Crew establishes a new office, focusing on patent prosecution and patent litigation, and staffed by three former Kenyon and Kenyon litigators: Gary Morris, Neil McCarthy and John McGroarty as well as former McGuireWoods patent chair Richard Meyer who will be in charge of East Coast litigation from that office.

Legal Media

Thursday, July 05, 2007

Blogging as a Job Hunting Tool

There is a wealth of information on the web about the use of blogs as marketing tools for lawyers – and these sources include “Real Lawyers: Have Blogs”, the “Legal Marketing Blog”, etc. There are many examples of lawyers using blogs as a way to show off expertise in a specific practice area – the most prominent being Thomas C. Goldstein whose blog at www.scotusblog.com was clearly a key marketing tool in his ascension to the head of the Supreme Court practice at Akin Gump Hauer and Feld. So it should come as no surprise that even law students have started using blogs as ways of showing off expertise and their availability to the job market. This article is about how a second year law student named Travis Hodgkins landed a job with Seattle-based law firm Harris & Moure, after name partner Dan Harris noticed Travis’ blog at www.transnationallawblog.com, which focuses on events in international law. Blogging is not for everyone – but for lawyers with a unique and specific expertise, together with a knack for self-promotion, blogging is an excellent way of raising your profile with employers, colleagues, and ultimately with clients.

Monday, July 02, 2007

Weekly Wrap-Up: Notable Moves

Abu Dhabi

  • Allen & Overy gets corporate partners Ibrahim Mubaydeen and Francois Duquette from Simmons & Simmons.

Beijing

  • DLA Piper gets corporate partner Steven Liu from Heller .

Boston

  • Nixon Peabody gets government investigations and white collar defense partners Mark D. Seltzer and Brian French, together with four associates from Holland & Knight.

Chicago

  • Baker & McKenzie gets investigations and business crimes partner Robert W. Tarun from Latham & Watkins (where he was the co-head of that practice); and corporate and securities partner Addison Braendel from Mayer, Brown, Rowe & Maw.

Dallas

  • Gibson, Dunn & Crutcher gets intellectual property partner Mark N. Reiter from Jones Day.

London

  • Covington & Burling gets litigation (policyholder coverage) partner Roger Enock and mergers and acquisitions partner Martin from Freshfields Bruckhaus Deringer.
  • Howrey gets antitrust partner Tom McQuail from Lovells.

Munich

  • Latham & Watkins gets finance partner Andreas Diem from Shearman & Sterling, and private equity partner Volkmar Bruckner from Dechert.

Madrid

  • Latham & Watkins gets administrative law partner Antonio Morales from Lovells.

New York

  • Baker & McKenzie gets banking, finance and major projects partner ta Dinlenc from Bingham McCutchen, where he was a counsel.
  • Dewey Ballantine gets antitrust and trade regulation counsel James F. Lerner from Weil, Gotshal & Manges.
  • DLA Piper gets corporate partner Christopher C. Paci from King & Spalding.
  • Jones Day gets corporate partner Vanessa Spiro from King & Spalding.
  • Mayer, Brown, Rowe & Maw gets tax partner Richard Leavy from McDermott Will & Emery.
  • McDermott Will & Emery gets intellectual property, media and technology partner Michael Shanahan from Brown Rudnick.
  • Pepper Hamilton gets securitization counsel Joseph F. Voyticky from Allen & Overy.
  • Pillsbury Winthrop Shaw Pittman gets energy partner Barry Gassman from Mayer Brown Rowe & Maw.
  • Squire Sanders & Dempsey gets litigation partners Richard Mattiaccio, Steven Skulnik and Victor Genecin from Pavia & Harcourt, where Mr. Mattiaccio was the former chair of that firm’s litigation and arbitration practice.

Washington, DC

  • Dewey Ballantine gets IP litigation partners Dirk Thomas (who will co-chair the firmwide IP litigation group), Robert Auchter and Kenneth Freeling from Robins Kaplan Miller & Ciresi.

Warsaw, Poland

  • DLA Piper has opened a new office in Warsaw, Poland, headed by corporate and asset restructuring partner Krzysztof Wlater, together with energy partners Pawell Grzejszczak and Michael Zieniewski.
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