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Sleeping your way to success

A brief siesta or a nap in the afternoon may be a national passion in Spain, Taiwan, Japan, and most of the older cultures on earth, but in the U.S. work world, it has long been considered taboo.  Nevertheless, if things are to be believed, then the siesta could be the newest trend.  With an American-legal-workplace twist, it’s now being  called the Power Nap.For quite some time now, experts have been warning about the ill effects of sleep deprivation and workplace fatigue.  Sleep deprivation leads to reduced service quality, affects decision-making abilities, and impairs judgment.  A sleep-deprived person loses concentration, and his capacity to handle complex tasks is severely affected.

Though in employment law, the killing effects of sleep deprivation have become well recognized with cases like Truitt v. J.H. Kelly Construction Co. and Favery v. McDonald’s Corp., law firms still continue with rigorous billable hours.  And it is the billable hours that give young lawyers those sleepless nights.  They turn energetic young people into zombies.  The irony is that no firm would knowingly want such a person (showing the results of sleep-deprivation) on their payroll. With the
industry trend now turning more to worker retention than acquisition, the siesta, or the afternoon nap is starting to be offered as a perk.  A number of Washington, DC law firms are already known to have on-site rest rooms and care centers, and now New York firms are also starting to see the advantages.  Leading IP law firm Kilpatrick Stockton of Raleigh, NC has recently been in the news for its famous Power Room, used for taking the afternoon nap.

I pray the trend continues and spreads quickly throughout the entire country.  Oh, I would take a nap in the middle of mywork day!

04-24-2007

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Hedging in the moolah

http://www.nytimes.com/2007/04/20/business/2 0hedge.html?ref=business

The good times are back. 

Growing hedge funds have led to a rise in shareholder activism and proxy
fights to keep the law firms happy.  The M&A practitioners, and lawyers into long-term fund building, have responded to the new scenario by changing their approach to hedge fund practice.

In the beginning of the resurging wave of proxy fights, firms like Akin Gump Strauss Haure & Feld, or Schulte Roth were having the party all by themselves, but many firms in other areas of corporate finance practice refused to be left out of the fun, and have made the party merrier since then.  Firms like Sullivan & Cromwell; Skadden, Arps, Slate, Meagher & Flom; Willkie Farr & Gallagher and Sidley Austin are a few of those who have started moving into the practice related to hedge funds.

Firms which previously viewed hedge fund practice to be beneath their status have radically altered their attitude since the hedges began turning golden.  They have embraced hedge-fund practice with a passion and seriousness that totally conceals their previous attitude.  The same people, who shunned hedge-fund practice, now praise it for being steady work, and a dependable source of revenue.  I guess it’s true-Money rules the world!  People will go back on their word if it means they can make a buck or two or a million!  I’d change my attitude at the snap of a finger too  if I could make all that money for it. 

 

 

04-23-2007

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Hats off!

Justin Hurwitz, a student at the Chicago Law School, has won the $10,000 William E. Swope Antitrust Prize offered by Jones Day.  Justin wrote a paper on the issues raised in the process of setting industry standards between antitrust and patent law.  The competition is limited to law students and recent graduates.  William E. Swope or Bill Swope was admired and recognized for his approach to antitrust analysis focused on facts and the workings of specific markets in the real world.  His approach varied greatly from the traditional approach to antitrust law based on hard rules, surveys, and rigid theories.  Bill Swope’s approach of factual analysis towards antitrust law has now become the industry standard.

Jones Day held a prize giving ceremony at its Washington office.  Other candidates who found honorable mentions were Oliver Zhong, a student of the Michigan Law School, and Christopher Grengs, a recent graduate working as Attorney Advisor at the Federal Trade Commission.  The winners have been invited by Jones Day to the Spring Meeting of the American Bar Association’s Antitrust Section being held this week.

Jones Day is an international law firm with more than 2,200 lawyers working from 30 locations across the world.

Complete rules for the annual competition are available at www.jonesday.com/swope /.

04-20-2007

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The Passing of a Scholar, and a Hero

The sound of gunshots lay deep in his memories.  Liviu Librescu, in his late seventies, had survived the Nazi holocaust as a teenager.  So, on Monday morning at Virginia Tech when he heard the staccato sounds coming from room 207, he knew them for what they were, and he knew that trouble was afoot.

Prof. Librescu was teaching in room 204 on the second floor of Norris Hall, Virginia Tech, when he heard the sound of gunshots erupting from the German class next door.  Before the students in his class could even gather what was happening, he had shut the wooden doors of the classroom.  When the screams started, the students began jumping off the window with the professor holding the door fast against the gunman, trying to save the students he loved more than his own life.

He had survived the Nazi Holocaust, he had survived the Soviet labor camps, he had escaped Nicolae Ceaucescu's fascist regime, only to go down with his body buckling under the bullets of a crazy gunman in Virginia.  The Nazis had their own demented reasons for persecution, the Soviets had their own defective logic for oppression, but that gunman at Virginia shot without reason against a closed door.  He shot just to snuff out any life those bullets met, just to kill, just from hate.  And Librescu, laid down his life to save his students from that murderous hate in an act of heroism that surpassed his achievements as a scholar.

There are some times when one can’t remain blind to the world and say well, I’m here only to write on law firms, and this is one of those times.  To turn a blind eye to the happenings at Virginia Tech would be to ignore everything that our laws and constitution stand for.  And today here at Judged blog, we honor the passing of Liviu Librescu, scholar extraordinary, teacher extraordinary, and a hero to the last act of his life, a holocaust survivor who died on Holocaust Remembrance Day.

Judged sends its condolences to all of the victims, families, friends, and students of Virginia Tech.  

04-19-2007

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Superwomen surging ahead in Hogan & Hartson

In January, Hogan & Hartson elected 19 associates to the partnership and for the first time in the firm’s history, majority of the elected partners were women.  Mara Luisa Cnovas, hailing from a Hispanic origin, was among those elected.

On April 9, the firm announced that Isabelle MacElhone is joining its Paris office as a partner in the firm’s corporate, securities, and finance practice group.

On April 16, M2 reported that Brussels international trade partner Lourdes Catrain has become the director of the firm’s European trade practice at the Brussels office, and finance associate Mara Luisa Cnovas was now a partner.

In her new role, Catrain shall join the firm’s Geneva based team led by Ambassador Rita Hayes.

Isabelle is an expert in French and cross-border merger and acquisition transactions.  Prior to joining Hogan & Hartson, she was a senior partner at the Paris office of Freshfields Bruckhaus Deringer.

Catrain, who joined the firm’s Brussels office as partner in 2004, focuses her practice on World Trade Organization and European Union trade matters.  Last year, she played a key role in reducing the proposed duration of sanctions from 5 years to 2 years during the footwear trade dispute between the European Union and China.

Cnovas, operating from the firm’s New York office has extensive work experience in Latin America and Spain.  She is an expert on media and real estate and her recent achievements include advising News Corporation in Latin America for transactions having an aggregate value of more than $600 million and advising several Latin American funds with commitments over $1 billion.

Hogan & Hartson is an international law firm founded and run from Washington, DC, from 1904, and has more than 1000 lawyers working from 22 offices across the globe.

04-18-2007

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