New Partners Are Burned Out, (Not) OK, Boomer, CFIUS Filings Surge: The Morning Minute
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November 25, 2019 at 06:00 AM
3 minute read
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WHAT WE'RE WATCHING
PROMOTED, POOPED – Many new partners are feeling burned out, and they blame the billable hour. That's according to the New Partner Survey from Law.com affiliate The American Lawyer. As Dylan Jackson reports, this year's survey included two questions focused on mental health, in light of Law.com's Minds Over Matters project, an examination of mental health in the legal profession. Sabbaticals and vacations were commonly proposed solutions for lawyers feeling stressed—with the caveat that they should be mandatory.
UNFUNNY – "OK, Boomer" is not OK on the job. As contributor Joseph P. Sirbak II writes, the trending phrase—a dig at Baby Boomers or anyone whose opinions are deemed outdated or out of touch—could be sufficient to support an age discrimination claim. Add that to the 16,911 age discrimination complaints filed with the EEOC last year alone.
UP SHARPLY – The number of notices filed with the U.S. government of transactions involving foreign investment increased 61% from 2014 through 2017. MP McQueen writes that in the latest report by the Committee on Foreign Investment, the agency that reviews transactions for potential national security risks, the number of investigations rose from 51 to 172 during the same time period.
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EDITOR'S PICKS
Major Lindsey Settles Suit Against Rival Recruiter MLegal and Former Partner
Stripped of ABA Accreditation, Thomas Jefferson Law School Plans to Stay Open
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WHILE YOU WERE SLEEPING
CANNED – International law firm Ince has fired its managing partner in Singapore after he was found guilty of molesting three women in a bar there. Simon Lock reports that Devandran Karunakaran, a member of the firm's maritime division, pleaded guilty in court to three charges of molestation and was fined $15,000. He was also charged under the Protection from Harassment Act.
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WHAT YOU SAID
"Lawyers tell me they wish their law firms could run more like a business. Well, they do run like a business, and you're not paying attention."
— Bill Brandt, founder of DSI Civic, a financial restructuring firm that has helped handle the insolvencies of dozens of law firms.➤➤ Sign up here to receive the Morning Minute straight to your inbox.
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