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The relief came from the sudden realization that she had just been freed from a job she despised. Tonight at seven she might be watching a movie or having di
The fear came from the loss of income and the sudden detour in her career. As a third-year associate, she was earning $180,000 a year in base salary, plus a nice bonus. A lot of money, but life in the city had a way of devouring it. Half evaporated in taxes. She had a savings account, one she halfheartedly acknowledged. When you’re twenty-nine, single, and free in the city, in a profession where next year’s package will exceed this year’s salary plus bonus, why worry too much about saving money? She had a friend from Columbia Law who’d been at S&P for five years, had just made junior partner, and would earn about half a million this year. Samantha had been on that track.
She also had friends who jumped off the treadmill after twelve months and happily fled the awful world of Big Law. One was now a ski instructor in Vermont, a former editor of the Columbia Law Review, a refugee from the bowels of S&P who lived in a cabin by a stream and rarely answered his cell. In just thirteen months he had gone from an ambitious young associate to a mildly deranged idiot who slept at his desk. Just before HR intervened, he cracked up and left the city. Samantha thought of him often, usually with a twinge of jealousy.
Relief, fear, and humiliation. Her parents paid for a pricey prep school education in D.C. She graduated magna cum laude from Georgetown with a degree in political science. She breezed through law school and finished with honors. A dozen megafirms offered her jobs after a federal court clerkship. The first twenty-nine years of her life had seen overwhelming success and little failure. To be discharged in such a ma
There was some comfort in the numbers. Since Lehman collapsed, thousands of young professionals had been tossed into the streets. Misery loves company and all that, but at the moment she couldn’t muster much sympathy for anyone else.
“Karen Kofer, please,” she said to her phone. She was lying on the sofa, perfectly still, timing her breaths. Then, “Mom, it’s me. They did it. I’ve been sacked.” She bit her lip and fought back tears.
“I’m so sorry, Samantha. When did it happen?”
“About an hour ago. No real surprise, but it’s still hard to believe.”
“I know it, baby. I’m so sorry.”
For the past week, they had talked of nothing but a likely termination. “Are you at home?” Karen asked.
“I am, and I’m okay. Blythe is at work. I haven’t told her yet. I haven’t told anyone.”
“I’m so sorry.”
Blythe was a friend and classmate from Columbia who worked at another megafirm. They shared an apartment but not much of their lives. When you work seventy-five to a hundred hours a week, there’s so little to share. Things were not going well at Blythe’s firm either and she was expecting the worst.
“I’m fine, Mom.”
“No you’re not. Why don’t you come home for a few days?” Home was a moving target. Her mother rented a lovely apartment near Dupont Circle, and her father leased a small condo near the river in Alexandria. Samantha had never spent more than a month in either place and wasn’t thinking about it now.
“I will,” she said, “but not right now.”
A long pause, then a soft “What are your plans, Samantha?”
“I have no plans, Mom. Right now I’m in shock and can’t think past the next hour.”
“I understand. I wish I could be there.”
“I’m okay, Mom. I promise.” The last thing Samantha needed at that moment was her mother’s hovering presence and endless advice on what to do next.
“Is it a termination or some type of layoff?”
“The firm is calling it a furlough, a deal whereby we intern with a nonprofit for a year or two and keep our health benefits. Then, if things turn around, the firm will take us back without a loss of seniority.”
“Sounds like a pathetic effort to keep you on a string.”
Thanks, Mom, for your typical bluntness. Karen went on, “Why don’t you tell those creeps to take a hike?”
“Because I’d like to keep my health insurance, and I’d like to know there might be the option of returning one day.”
“You can find a job somewhere else.”
Spoken like a career bureaucrat. Karen Kofer was a senior attorney with the Department of Justice in Washington, the only law job she’d ever had, and for almost thirty years now. Her position, like that of every person around her, was thoroughly protected. Regardless of depressions, wars, government shutdowns, national catastrophes, political upheavals, or any other possible calamity, Karen Kofer’s paycheck was inviolable. And with that came the casual arrogance of so many entrenched bureaucrats.
We are so valuable because we are so necessary.
Samantha said, “No, Mom, there are no jobs right now. In case you haven’t heard, we are in a financial crisis with a depression right around the corner. Law firms are tossing out associates in droves, then locking the doors.”
“I doubt if things are that bad.”
“Oh really. Scully & Pershing has deferred all new hires, which means that a dozen or so of the brightest from the Harvard Law School have just been informed that the jobs they were promised next September won’t be there. Same for Yale, Stanford, Columbia.”
“But you are so talented, Samantha.”
Never argue with a bureaucrat. Samantha took a deep breath and was about to sign off when an urgent call “from the White House” came through and Karen had to go. She promised to call right back, as soon as she saved the Republic. Fine, Mom, Samantha said. She received as much of her mother’s attention as she could possibly want. She was an only child, which was a good thing in retrospect, in light of the wreckage strewn high and low by her parents’ divorce.
It was a clear, beautiful day, weatherwise, and Samantha needed a walk. She zigzagged through SoHo, then through the West Village. In an empty coffee shop, she finally called her father. Marshall Kofer had once been a high-octane plaintiffs’ lawyer whose expertise had been suing airlines after crashes. He built an aggressive and successful firm in D.C. and spent six nights a week in hotels around the world, either chasing cases or trying them. He made a fortune, spent lavishly, and as an adolescent Samantha was keenly aware that her family had more than many of the kids in her D.C. prep school. While her father was leaping from one high-profile case to the next, her mother quietly raised her while doggedly pursing her own career at Justice. If her parents fought, Samantha was not aware of it; her father was simply never at home. At some point, no one would ever know exactly when, a young and pretty paralegal entered the picture and Marshall took the plunge. The fling became an affair, then a romance, and after a couple of years Karen Kofer was suspicious. She confronted her husband, who lied at first but soon admitted the truth. He wanted a divorce; he’d found the love of his life.
Coincidentally, at about the same time Marshall was complicating his family life, he made a few other bad decisions. One involved a scheme to take a large fee offshore. A United Asia Airlines jumbo jet had crashed on Sri Lanka, with forty Americans on board. There were no survivors, and, true to form, Marshall Kofer got there before anyone else. During the settlement negotiations, he set up a series of shell companies throughout the Caribbean and Asia to route, reroute, and outright hide his substantial fees.