Prestigious law firm has a need in their NY office for a Mid-Level Insurance Associate with 3-5 years of M&A experience at a major law firm to handle insurance M&A deals for this collegial group. (It would be preferred if more senior candidates had some insurance experience but is not required.) Candidates should have […]
KINNEY RECRUITING is home to some of the most respected legal recruiters in the world, proudly serving markets around the globe. Kinney's Asia practice includes Hong Kong, Beijing, Shanghai, Tokyo and Singapore, among others. Our U.S. services focus on New York, Houston, Dallas, Austin, Ft. Worth, Phoenix, Washington, Boston, San Francisco, Silicon Valley, and Denver. Additionally, Kinney Recruiting is active in Dubai, London, Moscow and the rest of Europe. We have placed countless attorneys at many of the best law firms and major in-house legal departments in the world.
Founded by one of the most successful Texas legal recruiters of all time, Kinney Recruiting began with a simple philosophy: If we work as hard and smart, and if we are as responsive to client needs as the best of our clients and candidates, we will become the premier legal recruiting firm in every market we serve. We have succeeded by gathering over fifty years of attorney recruitment and top law firm experience within our organization and leveraging technology to help us help our clients. We also have structured our organization to promote teamwork. As a result, we believe that we know of more "real" jobs, we have more clients who know and respect our work, and we provide more help to more people than any legal recruitment agency in any market we serve.
If you are interested in legal staffing services for your organization, or if you are a potential candidate for our services, please browse our site until you are comfortable with our philosophy and practices. Kinney Recruiting is committed to serving our clients' interests in an ethical and effective manner, ultimately matching the right candidate with the perfect job. Contact us today to start your search! <<
This week we are issuing the first part of a special year-end report on lateral hiring trends in the legal market.
While our friends at some serious legal publications do their best to report on the legal market’s health by tracking such things as revenue per lawyer and profits per partner, here at Kinney Recruiting we like to focus our attention on a narrower information set. Not surprisingly, we concentrate on collecting data that illuminates hiring and employment trends among leading U.S. law firms.
We find this data incredibly helpful for providing advice to attorneys and law firms when they are considering making a move. No doubt, this report will be most interesting for partners and associates who are mulling over their options at the outset of the New Year. But even if you are happy with your current practice and have no interest in testing the waters, we think this report yields some interesting insights about overall trends in the legal market and should be of interest to practitioners and law firm managers alike. The data clearly shows that partner lateral hiring has become an important part of the management toolbox for the vast majority of big law firms in their pursuit of opportunity and growth.
We’re publishing the report in two parts. This week we’re focusing on lateral hiring trends for partners. Next week we’ll report on trends for associates and of-counsel.
Becoming a lawyer is no easy task. It takes years of hitting the books, late nights of studying through college and law school, followed by months of cramming for the bar exam. And then to actually land a good position in this weak job market – well it’s really no surprise that applications to law school have been in a steep decline ever since the market crash in 2008.
And sometimes the biggest challenge faced by an aspiring lawyer comes at the end of the process – after you’ve landed an interview for the job of your dreams and then you find yourself sitting across the desk, trying to have a conversation with a lawyer who is an exquisitely cold fish.
Let’s face it. Some lawyers are lacking in the social graces – small talk is often not a professional’s forte. And anyone who has interviewed with an old line firm like _____& ______ (fill in the blanks yourselves; we won’t because we probably work for them and have friends there) has surely run into a stuffed shirt or two along the way – an interviewer who seems glum or bored or distracted, bereft of personality and unable to do anything other than make you feel discouraged about your prospects. One friend of mine tells a story about interviewing with a Wall Street firm where the partner actually fell asleep five minutes into the interview, only to be woken several moments later, when the ash fell off the tip of his cigar – this being back in the day when you could still smoke a stogie in your corner office on Maiden Lane.
So as a service to all the job seekers out there this Holiday Season preparing for their next round of interviews, our team of Kinney recruiters has prepared a list of suggestions about what to do if by luck of the draw you end up sitting across from one of those painfully shy or rude partners, whether sleeping or aware, who is having a hard time holding up their end of the conversation. Here’s how to get your cold fish to start talking:
1. Of course with any interview your preparation should begin well before you’re ushered into the room. With a little advance research you can easily learn where your interviewer went to school, how long they’ve been with the firm and with any luck some additional info, such as where they’re from. You can also ask mutual acquaintances, such as a recruiter, or the person who set up the interview, for more insight. With your research complete, you’ll have a few good talking points to use when the conversation hits a lull, as it surely will.
2. When you step into their office take a quick look around. See if there’s a golf trophy, artwork or photos of their family on vacation that you can bring up casually in your conversation. Creating a personal connection is important in any interview but particularly when you’re dealing with a cold fish. One thing you can always count on is that someone with children loves those kids, whether he/she sees them very often or not.
The legal market is at a trigger point. That’s our sense of it here at Kinney Recruiting. And that’s why we’re making our prediction for this Holiday Season: this will be the first year since 2007 with a round of general associate salary increases at the world’s elite law firms.
It’s hard to believe, but for the entire current crop of associates – first through eighth years at Big Law firms across the country – there has never been one of those sweet little emails or envelopes from the Managing Partner bringing good tidings that the firm is raising the scale of base salaries for associates and providing positive fodder for the comments page at Above the Law. Ever since Simpson Thacher & Bartlett set the mark of $160,000 for first year associates in 2007 (read the original story) it has held in place as the top tick of the market. As legal-salary historians know, that move was generally copied by other firms, with various safety measures to prevent payment of top salaries to less “productive” team members.
But this year (or early next year – the 2007 salary hike was announced in January) we expect the wheel to turn again. Our basis for making this prediction is very simple, and even someone without our inside knowledge within the firms in question could make it. Just look at the numbers published by the American Lawyer, Above the Law and other trade journals, which show profits per partner (“PPP”) surging at the top tier firms, and take a look at associate salaries in percentage terms relative to those numbers. True enough, the financial recovery in the legal market has been uneven, with continuing softness and excess capacity in many segments. But after a few years of belt-tightening, as the deal economy has gradually come back to life, the top end of the legal market is doing better than ever – and then some. Take Cravath, for example, where PPP has bounced all the way back from the 2007 level of $3.3 million to $3,448,000 in 2013. The same is true at Sullivan & Cromwell and a handful of other top firms, where PPP now exceeds the pre-recession levels. But in the same time frame, the needle hasn’t moved on associate salaries.
Some folks seem to think that associate salaries are somehow correlated to geography or cost of living, but we’ve been around long enough to remember the way the elite firms play this game, and it has nothing to do with zip codes or inflation. For a handful of firms in New York this used to be a game of bragging rights when they showed up for campus interviews at Harvard and Yale. Read more…
Prestigious law firm has a need in their NY office for a Mid-Level Project Finance Associate with 2-4 years of project finance/development and transportation experience at a top 20 law firm to join their collegial group. Candidates should have a JD from a top law school and a 3.5+ GPA. Please submit resume and transcript […]
Top law firm has a need in their NY office for a Mid-Level Investment Management Associate with 3-5 years of investment funds and transactional experience at a major law firm. Candidates should have a JD from a top law school and a 3.4+ GPA. Please submit resume and transcript to be considered. We will never […]
Prestigious law firm has a need for a corporate associate with 2-5 years of prestigious law firm capital markets, compliance, finance, mergers and acquisitions, and securities experience to join their hardworking and growing group. Candidates should have a JD from a top 25 law school and a 3.5+ GPA. Please submit resume and transcript (if […]
Top Portland Law Firm Needs General Corporate and/or Finance Associate – our law firm client with a strong Portland presence has an opportunity for a Mid-Senior Corporate and/or Finance Associate with 4-7 years experience to join its Portland office. Candidates must have major law firm experience in bank, fund lender and acquisition finance transactions or […]
An AmLaw top 10 law firm has an immediate need for a Corporate Finance Analyst to support their busy international corporate practice based in downtown Chicago. This position will report to the Manager of Business Development and will be responsible for collecting and producing client work data analytics necessary to grow the firm's business and […]
Junior Litigation Need in Seattle for Candidates with Outstanding Academics and Big Law Background – our top AmLaw law firm client with a stellar reputation and ranking has a need for a Junior Litigation Associate with 1-2 years (will consider class years 2012-14 only) of prior large AmLaw 50 law firm experience to join its […]
Prestigious law firm has a need in its NY office for a Mid-Level Corporate Associate with 3-5 years of general corporate, securities, capital markets, compliance and corporate governance experience at a major law firm. Candidates should have a JD from a top law school and a 3.4+ GPA. Please submit resume and transcript to be […]
Shearman & Sterling advised Mizuho Bank, Ltd., BNP Paribas, Lloyds Bank plc, TD Securities (USA) LLC and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as joint lead arrangers and joint bookrunners, in connection with a $9.1 billion term financing for AT&T Inc.
International law firm Nixon Peabody LLP and Chicago’s Ungaretti & Harris LLP will merge effective February 1, 2015. The move reaffirms Nixon Peabody’s position as a major law firm in Chicago and the Midwest with the addition of 100 lawyers whose experience spans the full range of legal services. The combined firm retains the Nixon […]
Former U.S. Department of Education civil rights attorney Phil Catanzano has joined Holland & Knight as a senior counsel in the Boston office. Mr. Catanzano will be a member of the firm’s education practice, one of the largest in the country. At the U.S. Department of Education, Mr. Catanzano worked in the Office for Civil […]
Haynes and Boone, LLP today proudly announces the opening of a Denver office and the addition of two new partners, well-known midstream and pipeline practitioner Anne Weber and Alan Talesnick, who focuses his practice on securities and corporate matters. They will be joined by two Houston-based Haynes and Boone lawyers with significant Denver contacts — […]
DLA Piper announced today that a team of three partners has joined the firm in its Corporate Group in Singapore. John Viverito and Myles Hankin are joining from Gibson Dunn, Singapore, and Joseph Bauerschmidt from Jones Day, Singapore. The three have worked together in the past and are reuniting as colleagues at DLA Piper. Each […]
DLA Piper announced today that Eric Wallach, Brian Kaplan, Joseph Piesco and Daniel Turinsky have joined the firm’s Employment practice as partners in New York. The group has broad experience successfully defending litigation in federal and state courts, as well as in arbitration, in addition to counseling and litigation prevention; internal compliance audits and anti-harassment […]
Davis Polk is advising PartnerRe Ltd. in connection with its $11 billion merger of equals with AXIS Capital Holdings Limited. PartnerRe shareholders will receive 2.18 shares of the combined company’s common shares for each share of PartnerRe common shares they own and AXIS Capital shareholders will receive one share of the combined company’s common shares […]
Rock-Tenn Company (“RockTenn”) and MeadWestvaco Corporation (“MWV”) announced that they have entered into a definitive combination agreement to create a leading global provider of consumer and corrugated packaging in a transaction with a combined equity value of $16 billion. Cravath represented RockTenn in connection with this transaction, which is subject to receipt of certain regulatory […]