Volatility Ahead: CFTC Warns Exchanges, Brokers to Prep for Wild Ride [Sponsored]

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Mega Firm Celebrates Lawyers’ ‘Sartorial Flair’

Here’s a little Fri-YAY fun.

Working in Biglaw can be a stodgy affair; very serious work, you see, and lots of long hours, no time for a laugh. Well, if that’s your impression of those who work in the biggest law firms in the world, you’re in for a treat.

Roll on Friday got their hands on a tribute video from DLA Piper whose employment partner Tim Marshall is stepping down as Joint Global Head of the firm’s employment practice. Set to the tune of “So Long, Farewell” from The Sound Of Music (extra point for the show tune), it features DLA-ers decked out in their best 1920s-inspired garb.

But the very best part is the good humor the firm displayed when Roll on Friday asked them for a comment. A DLA spokesperson said:

“Tim has had a change of role at the firm, and seeing as they couldn’t get together in person to thank him for his eight years as International Group Head, his colleagues thought they would do the next best thing and give him the gift of song”.

“We apologise unreservedly if any [] readers’ eyes or ears were damaged in the viewing of this video, but remain quietly proud of the team’s fortitude, ingenuity and sheer sartorial flair in celebrating with Tim during this lockdown period”.

Nice. Easily my favorite Biglaw statement of all time.


headshotKathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).

When Lawyers Get Sued – Learn How To Protect Your Firm

Live Webinar:
Date: May 28, 2020
Time: 1 p.m. ET / 10 a.m. PT

Eighty percent of lawyers will get sued for legal malpractice in their careers, and sometimes insurance doesn’t even respond. Owners need to pay attention to other exposures like employment suits, cybersecurity, and other exposures today.

This 60-minute webinar is designed to boil it all down and make insurance a bit less painful and confusing:

  • What are the key exposures for law firms?
  • How can you avoid getting claims declined?
  • What can be done to reduce insurance rates?

Embroker will share transparent information to help you better run your firm. Join Brad Barkin, VP of Law and Accounting of Embroker, and Bob Ambrogi, lawyer and legal journalist, as they discuss the radical way law firms can find the right insurance.

By submitting the form below, you are opting in to receive communication from Above the Law and its partners.

Stephen Susman Recovers From Coma And Leaves Hospital

After a scary stretch, Susman Godfrey founder Stephen Susman has awoken from the coma he entered after a late April bike crash.

It’s not clear exactly when Susman got out of the coma and left the hospital, but he’s now in recovery at TIRR Memorial Hermann, the famous physical rehab center.

All of us at Above the Law are happy to hear that Susman is on the mend.

Susman Godfrey Founder Steve Susman Is Out of Coma, In Recovery After Bicycle Accident

Earlier: Susman Godfrey Founder Seriously Injured


HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.

Know Your Case Way Before Trial By Doing Trial Preparation Early

(Photo by Fred Prouser-Pool/Getty Images)

Recently, my colleagues and I used Zoom (like everyone) to hold a mock trial. Different lawyers opened, and others acted as witnesses, either as themselves as they would be in the eventual trial, or as our adversaries (who we have somewhat gotten to know, and who we enjoyed pretending to be). We used the Zoom screen-sharing feature to put exhibits in front of the witnesses and all of that.

The trial isn’t scheduled until late 2021.

Given that last fact — that we have forever until trial and, indeed, we are nowhere near done with discovery, let alone know what dispositive motions we will have to deal with, or, of course, whether we will have a real settlement discussion — why would my colleagues and I devote the time and resources now to preparing for trial? It’s simple: because that’s what you need to do to win.

To be clear, when I write “win,” I mean it as we do at our firm: get the best result for the client, whatever that result is. Sometimes that result is getting rid of the fight. Sometimes it’s fighting only for a short while, as that has some collateral benefit to the client (in particular, in commercial litigation). Sometimes it does indeed mean pushing the case to trial or to an evidentiary hearing before an arbitration tribunal and getting a victory at that trial or hearing.

But even if a win for your client doesn’t mean going all the way to trial, you need to be ready to — since it may happen — and by preparing for trial in the early stages of the case, you will do a better job throughout the case, and be more likely to get the client to that win, and get the client there faster. We all think we know our cases. But then when a good lawyer puts on her devil’s advocate cap and examines one of your side’s witnesses you may see, for the first time, some real weaknesses: maybe the witness comes off poorly; maybe you realize you don’t have a good explanation for some conduct; maybe you realize there are things you just don’t know. Like anyone, we can get into a herd mentality about our cases (and, indeed, that’s why at our firm we are huge fans of using mock jurors from the community who really know nothing about the case and aren’t lawyers). By forcing yourself to think like your adversary and go through the motions, even a little, of the end determination of merits, you can make sure you learn.

Some of us, these days, unfortunately aren’t too busy. Many of us, thankfully, are. But challenging your case by mooting it out this way is something we all need to make time to do if we want to win for our clients.


john-balestriereJohn Balestriere is an entrepreneurial trial lawyer who founded his firm after working as a prosecutor and litigator at a small firm. He is a partner at trial and investigations law firm Balestriere Fariello in New York, where he and his colleagues represent domestic and international clients in litigation, arbitration, appeals, and investigations. You can reach him by email at john.g.balestriere@balestrierefariello.com.

The Week We Learned That Clarence Thomas Is Really Into Hobbits

After years of diligent silence during oral argument, Justice Clarence Thomas has already piped up twice since the Supreme Court started livestreaming arguments. It’s almost as if the notoriously disengaged jurist has spent the last 29 years waiting for an audience. Perhaps this is why the Court remained so steadfastly opposed for so long.

While hearing argument on Colorado Department of State vs. Baca, the faithless elector case, Thomas jumped in to ask counsel if there could be any check on an elector’s discretion:

“The elector, who had promised to vote for the winning candidate, could suddenly say ‘you know, I’m going to vote for Frodo Baggins. I really like Frodo Baggins,’” said Thomas. “And you’re saying, under your system, you can’t do anything about that.”

As Jason Harrow, the attorney for the faithless elector from 2016, immediately pointed out, this question is remarkably stupid since electors have to vote for real people. Also, if Hawaiian birth certificates couldn’t be trusted, good luck dealing with the bureaucracy of the Shire.

Unfortunately the other side picked up on this strawhobbit argument and cited it later in the argument as proof that electors cannot be legally bound by states lest mischief ensue. It was a disingenuous jab but at least it helps the right side. Efforts to replace the archaic role of the Electoral College with one that simply hands the presidency to the winner of the popular vote hinge on the power of states to keep electors faithful so if it takes freaking out over halflings to get that result, so be it.

But all this raises more interesting questions about Clarence Thomas: Low-Key High-Fantasy Nerd. The references people deploy can reveal a lot about who they are. He could’ve asked about Jay Gatsby or Gregor Samsa or a Republican who opposes de facto segregation — they’re all fictional characters, so why does his mind jump to the hero of the Lord of the Rings trilogy? There are a lot of reasons to appreciate Tolkien, but the fantasy genre does feed a Manichaean worldview, an unhealthy romanticization and whitewashing of the past, and a politics that sees people as defined by birth — dwarves are violent miners because they’re dwarves and not because they live in economically distressed mountain communities. Not that there aren’t other reasons to appreciate the books, but if he’s the sort of superfan ready to drop Frodo in a Supreme Court argument it certainly suggests he’s thought a little more deeply about the books than people probably should and now that it’s been highlighted, it’s hard not to see these strains in his jurisprudence.

Does Justice Thomas see his Supreme Court as an ersatz Fellowship? Perhaps one he envisions as sent on a grand quest to destroy the One Ring, or “voting rights” as we call them? In this model, I assume Roberts holds the Fellowship together as its Gandalf, Alito is believable exuding that Samwise sidekick-y vibe, Kavanaugh doing the Boromir thing and trying to take stuff without consent.

But seriously, is Thomas a big Tolkien guy? Or is this more of a Zeppelin thing where he’s only vaguely following the plot from the lyrics of epic ballads about love and longing and Hobbits? So many questions.

Wait, did Long Dong Silver ever do a Lord of the Rings parody?

SUPREME COURT JUSTICE CLARENCE THOMAS DISCUSSES FRODO BAGGINS DURING ELECTORAL COLLEGE ORAL ARGUMENT [Newsweek]

Earlier: Clarence Thomas Speaks During Supreme Court’s First Ever Remote Oral Arguments


HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.

Big Thoughts From An Industry Visionary

When it comes to thought leaders in the legal industry, they don’t come much bigger than Mark Harris. Twenty years ago, Harris co-founded Axiom, now one of the biggest, oldest, and heaviest-hitting Alternative Legal Service Providers in the world. These days he’s running a spin-off entity called Knowable, which is focused on contract management. Few can claim to have changed an entire industry, but he’s one of them.

So when Mark Harris pens an open letter to the business world, as he did this week, it merits attention. Harris generously shared a draft of the letter that he and Alec Guettel, Knowable’s CFO and Axiom’s co-founder, wrote. He also granted me an interview ahead of publication. It’s a heck of a conversation piece.

While I’d recommend reading the letter in full, its central insight is a practical one: “Large companies are constructed of hundreds of thousands of commercial arrangements in all directions[.]” In the abstract, we all expect COVID-19 to place an immense strain on those arrangements as supply and demand sharply rise and fall, as customers or suppliers go out of business, and as consumers change their basic habits.

What Harris teases out is that our responses to these changes will be dictated and constrained by the contracts our companies have entered into, but most companies have little or no idea at any given moment what’s included in those contracts. While most companies will soon have an urgent need to review and understand their contractual obligations, far too many struggle to even find copies of the relevant agreements once they need them. If the basic contract can be found, pulling together the various addenda, modifications, waivers and such that tend to accrete over a business relationship can be more difficult still.

Harris witnessed the disaster that played out in the 2008 financial crisis. As the stock market tumbled and mortgage-backed securities collapsed, “… the banks were paralyzed. It wasn’t that they themselves were in financial peril, it was that they were contractually committed to all kinds of other institutions and had obligations in this complicated web of commitments and promises and dependencies, and it was completely opaque to them… . It did get sorted out, and the regulators parachuted in for the next six or seven years, and it turns out that having more visibility into their contractual commitments made their businesses a lot better.”

Harris and Knowable are offering a solution to the problem they see coming. As a response to COVID-19, and in anticipation of the difficulties the business world is gearing up to face, Knowable is offering a basic version of its contract management software to all companies free of charge. Harris is up-front that the offer is equal parts altruistic gesture to help struggling businesses and a self-serving effort to onboard new customers. Both in his open letter and in our conversation, Harris was thoughtful about trying to combine compassion with  business-savvy. At the same time this product is being made available free of charge, Knowable has ceased sales calls to potential new customers out of the sense that doing so would be tone-deaf and off-putting. “While we’re sensitive to that, we’re not ashamed of it,” he told me. “What I believe in more than anything is a for-profit company out to do good, out to actually help and solve real problems. It’s understanding that the point of the game is to win, but to win for the right reasons and in the right ways.”

Harris’ anxiety reflects the difficult needle that business leaders are having to thread during this likely generation-defining crisis. The biggest cost of this pandemic is indisputably the human one. Keeping ourselves, our loved ones, and our coworkers healthy while caring for the sick and bereaved is, and should be, our first priority. But while the economic impacts of the crisis may not be the most damaging, they are nonetheless important to mitigate. Doing what we reasonably and safely can to keep people employed and mitigate the economic damage will help prevent second-order suffering down the road. Knowable’s free offer will, Harris hopes, help some businesses better weather the storm, better take care of their employees, and better lift the country back up once we’re through the worst of this.

Like any visionary, Harris sees the upheaval caused by COVID-19 as an opportunity for betterment. “The greatest obstacle most companies have is that they’re fighting inertia,” he told me. “In the short term, it’ll be paralysis and chaos. I think in the medium- to long-term, however, this will open hearts and minds to doing things in a different, smarter, better way… . Freelance working and virtual working are going to be far more accepted” once the world settles into its new normal.

For the founder of one of the legal industry’s biggest Alternative Legal Service Providers, Harris remains surprisingly bullish on the future of law firms themselves. “Law firms take a lot of punishment, particularly in the sort of circles I travel in, but I think the reality is they’re a pretty good business model. They’ve endured pretty well.” Harris also breaks from the convention that firms should continue to consolidate and grow into larger and larger entities. “I think law firms work better as partnerships. I think when partners feel like partners, as opposed to midlevel managers at a multinational corporation, I think they just function better, culturally and from a performance standpoint, from a customer experience standpoint. And I think they control their financial statements in a way that puts them on much better footing and leaves them less vulnerable when the world swings in violently.”

If there’s one thing that resonated for me out of Harris’ open letter and our conversation, it’s a similar theme that has been emerging out of the past few columns I’ve written. COVID-19 is making us realize how what we think of as monolithic businesses and industries are really just a series of connections between people. The contracts that define our conduct are, at heart, a group of people sitting down and agreeing to make each other better off. It’s people deciding to build something together that make up our companies. It’s people that take care of one another in times of crisis.

We are who we surround ourselves with and who we look out for during difficult times.


James Goodnow

James Goodnow is an attorneycommentator, and Above the Law columnist. He is a graduate of Harvard Law School and is the managing partner of NLJ 250 firm Fennemore Craig. He is the co-author of Motivating Millennials, which hit number one on Amazon in the business management new release category. As a practitioner, he and his colleagues created a tech-based plaintiffs’ practice and business model. You can connect with James on Twitter (@JamesGoodnow) or by emailing him at James@JamesGoodnow.com.

Deutsche Bank’s Money Laundering Controls Still Need A Touch Of Work

Morning Docket: 05.15.20

* Attorneys associated with the Trial Lawyers College are currently embroiled in litigation. It would be amazing if this case went to trial… [Bloomberg Law]

* An ex-lawyer from Atlanta, who hired a hitman to murder his wife, has died of natural causes in prison. [Daily Mail]

* Check out a behind-the-scenes look at a lawyer featured on the new Netflix show Trial by Media. Haven’t gotten to that episode yet. [NBC News]

* A New York City judge has denied Mary-Kate Olsen’s request for an emergency divorce, even though she may be forced out of her apartment. Guess she can always crash with Ashley. [Fox News]

* An appeals court has refused to dismiss an emoluments lawsuit against President Trump, setting up a battle at the Supreme Court. [Business Insider]

* The L.A. City Attorney is suing the maker of a radish paste that allegedly provides protection from COVID-19. Sounds kind of like the Carbolic Smoke Ball, haven’t thought about that fact pattern since law school. [Los Angeles Times]


Jordan Rothman is a partner of The Rothman Law Firm, a full-service New York and New Jersey law firm. He is also the founder of Student Debt Diaries, a website discussing how he paid off his student loans. You can reach Jordan through email at jordan@rothmanlawyer.com.