Job of the Day - Real Estate/Capital Markets/Tax Associate

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Job #5104-MH1054
Job Title: Real Estate/Capital Markets/Tax Associate
Location: New York, NY

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Real Estate/Capital Markets/Tax Associate

 

Finance group seeks a mid-level associate with at least 3 years of experience working on matters related to REITs, real estate fund work and joint ventures by tax exempts.  The candidate must have excellent written communication skills and a strong academic background.  

Job of the Day - Investment Associate

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Job #5080-MH1054
Job Title: Investment Associate
Location: New York, NY

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Investment Associate – All Levels

Firm seeks associates with strong private equity, hedge fund and/or Investment Company Act/Investment Advisors Act experience.  Stellar academics and top law firm experience required.

NLJ 250

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The NLJ 250 is out. 

The National Law Journal’s annual survey of the country’s largest law firms shows (no surprise) that hiring slowed significantly in 2008.  Seven large firms announced layoffs this year and two major firms on the list, Heller Ehrman and Thelen, dissolved, affecting about 1200 attorneys.  DLA Piper stayed at the top of the list and K&L Gates climbed into the top ten firms

Among the findings:

Growth is down.  The top 250 firms increased attorney ranks by 4.3%, compared to 5.6% in 2007. 

16 firms entered or left the list with several firms from the south and east entering the list and several from the Midwest leaving.

K&L Gates grew significantly, becoming one of the ten largest firms for the first time through mergers and lateral hires.

The credit crisis led to layoffs at several large law firms.  Seven large firms announced layoffs totaling more than 200 attorneys.  Hundreds more lost jobs with the dissolution of Heller Ehrman and Thelen.

The 2008 NLJ 250

Directory of NLJ 250 branch offices

Index of firms listed

 

Job of the Day - IP Associate

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Job #5090-MH1054
Job Title: IP Associate
Location: Menlo Park, CA

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IP Associate

Seeking top quality intellectual property litigation associates with experience in representing plaintiffs and defendants in all phases of intellectual property disputes, including jury and bench trials, arbitrations, mediations and appeals.  Securities litigation experience a plus.

Job of the Day - Securities Associate

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Job #5073-MH1054
Job Title: Mid – Level Securities Associate
Location: New York, NY

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Mid – Level Securities Associate

International firm seeks mid-level associates with top drawer experience in public and private offerings, 1933 and 1934 Act reporting, and Sarbanes Oxley issues.  Desired candidates have superior writing, negotiating and research abilities, superlative academic credentials, desire responsibility, have demonstrated leadership qualities and are interested in exhibiting those talents by mentoring and training more junior lawyers.  Admission to the New York Bar is required. 

 

Job of the Day - Employee Benefits and Executive Compensation Associate

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Job #5072-MH1054
Job Title: Employee Benefits and Executive Compensation Associate
Location: Philadelphia, PA

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Employee Benefits and Executive Compensation Associate

Premier law firm seeks highly skilled, mid-level Benefits associate for its Employee Benefits and Executive Compensation Group. All interested candidates should have a minimum of 2 years’ employee benefits experience at a large law firm, consulting firm or governmental agency.

Disbarred Attorneys Can Still Practice Law - Sort Of

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It may come as a surprise to many to know that, in most states, disbarred attorneys are permitted to work as paralegals.  Only Illinois, Massachusetts, New Jersey, Rhode Island, South Carolina and Wisconsin have a total ban against disbarred and suspended attorneys working as paralegals.

A lot of the work that is performed by paralegals is also practiced by attorneys.  This means that there is a potential for disbarred and/or suspended attorneys to cross the line into the illegal practice of law.  Allowing disbarred and suspended attorneys to practice as paralegals condones unethical behavior, puts the public at risk and creates further negative perceptions of the legal profession.  Allowing disbarred and suspended attorneys to work as paralegals minimizes the severity of the act that caused their disbarment and/or suspension

Those in favor of allowing suspended attorneys to work as paralegals or law clerks argue that working in the legal profession will allow the attorney to maintain legal skills and competency while addressing the issues that caused his/her suspension or disbarment.  When someone applies for reinstatement, the testimony of an attorney employer can be persuasive.

The role of a paralegal has evolved over time from glorified secretary to quasi-lawyer.  Paralegal duties include drafting pleadings and discovery documents, conducting legal research, interacting with various courts and court personnel and heavy client contact.  A paralegal is placed in a role of trust both with the employer and the public.  That trust is jeopardized when the “paralegal” is a suspended or disbarred attorney.

Would you want a disbarred attorney working on your case in any capacity?

 

 

Fulbright & Jaworski’s Annual Litigation Trends Survey

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The latest litigation trends report is based on responses from 358 participating companies — including company officials who serve as general or deputy-general counsels for their firms. Of that pool, 251 respondents were U.S.-based firms.

The top ten areas most rip for lawsuits were labor and employment matters, contract disputes and personal injury cases, product liability, intellectual property/patents, insurance, environmental-toxic tort, regulatory, class actions and professional services.

A summary of some of the findings:

  • The economic slump will increase the number of lawsuits companies face
  • 34 percent of U.S companies expect to see what the study calls a “run-up” in litigation involving their firms over the next 12 months.
  • 21 percent of U.S. companies stating that no new lawsuits had been filed against them during the survey year
  • 45 percent of U.S. companies reported spending at least $1 million annually on litigation.
  • 19 percent of the U.S.-based firms stated that they were more likely to increase their in-house litigation staff.
  • 12 percent of the insurance companies surveyed had already engaged outside counsel regarding subprime lawsuits or investigations.
  • 11 percent of the financial services firms surveyed had done already engaged outside counsel regarding subprime lawsuits or investigations.
  • 15 percent of the insurance firms, and 22 percent of the financial services respondents are “bracing themselves for a subprime action or investigation.
  • 66 percent of insurance companies surveyed said they faced new lawsuits
  • 55 percent of retailers surveyed said they faced new lawsuits
  • 54 percent of manufacturing companies surveyed said they faced new lawsuits
  • 52 percent of healthcare companies surveyed said they faced new lawsuits

To get your copy go here…

 

Heller Partners on the Move

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Jones Day announced yesterday that 15 Heller Ehrman partners would be joining its offices in San Francisco, New York and Washington.  The firm has also hired some Heller associates, but did not disclose the number other than to say that the firm would likely end up with the same number of associates as partners.

Firms have taken on large groups of Heller partners recently, but few associates.  Washington’s Hogan & Hartson and Orrick, Herrington & Sutcliffe announced recently that it had hired several groups of partners form Heller, but said nothing about associates.  The biggest number of Heller associates joined Washington’s Covington & Burling, which acquired 14 partners, six counsel and 30 associates from Heller’s patent litigation group.

It may simply be that firms are hiring partners first and then evaluating what they need to do to support those partners’ practices.  Partners are normally plucked from competing firms one at a time, but in this situation, partners may be wanting to bring their own associates with them.

 

 

Job of the Day - Lateral Associates

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Job #5032-MH1054
Job Title: Lateral Associates
Location: Washington, DC

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Lateral Associates

DC-based law firm with well-established practice in a broad range of areas seeks experienced attorneys with excellent academic credentials and strong writing skills.

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