Rebecca Cohn was a California assemblywoman representing Buena Vista, Burbank, Cambrian Park, Campbell, Fruitdale, and parts of San Jose and Santa Clara. After losing to Jim Beall, she decided to matriculate at UC Davis School of Law (King Hall).
Cohn said that her lifelong dream was to attend law school. But she apparently couldn’t shake the political monkey: she decided to run for 1L representative. Our friends at The Shark pick up the story from there:
No doubt recognizing the tough road ahead of her, Cohn ran her 1L Representative campaign with some enthusiasm that stunned some students. Her ascension to high profile student caused a commotion on campus that involved: a war over her Wikipedia entry, the re-use of signs from her assembly campaign, and several salacious rumors that are too inflammatory and unverified to repeat.
If we receive any “salacious” rumors, we will happily repeat them.
The Shark at least hinted at the tenor of the rumors swirling around Cohn:
Most of these rumors seem to stem from the report that her San Jose magazine cover … prompted two assembly aides to sue her for creating a sexually charged workplace. Cohn, who is single, seems to be avoiding this situation at King Hall: the San Jose Mercury News reported that she has not been asked out on a date by a single King Hall student.
More on Cohn’s campaign craziness, after the jump.
Another day, another market massacre. Right now the SEC is meeting about “improper short selling” of Morgan Stanley and Goldman Sachs stock. The Dow is down nearly 450 points.
We have definitely entered the “dogs and cats, living together, mass hysteria” phase of this meltdown.
But while everybody is running around trying to CYA, the government is giving away the store. Professor Bainbridge has nine excellent questions about the AIG bailout; questions that the government lawyers seem to be willfully ignoring. Here are some crucial ones, maybe we can help Bainbridge (and our country) out of this mess:
* On what basis does the Fed have authority to use the discount window to bail out an insurance company?
* Who would have standing to challenge the Fed action, if anyone?
* Why was AIG to big too fail but Lehman wasn’t? Was AIG’s role in the credit default swap market really that important?
* Has the federal government ever taken an equity stake–let alone a controlling stake–as part of a bailout before? Was there any equity stake in Chrysler?
See the rest of Bainbridge’s probing questions here.
There are a lot of smart men and women here. Does anybody have any idea how the federal government just shoved AIG down our collective throats?
We’d like to take a moment and acknowledge the great life and career of Professor Charles H. Whitebread. Professor Whitebread passed away Tuesday, in Santa Monica, California.
Professor Whitebread was a legend at the USC Gould School of Law, but most attorneys will remember him for his BAR/BRI Criminal Law lectures. We fondly remember the bow-tied professor for adding a bit of levity at a time when we were stressed beyond belief.
He is survived by his life partner, John Golden, and his devoted friend Michael Kelly.
The USC Gould School of Law will hold a memorial for Professor Whitebread at a date still to be determined. Donations to the Charles H. Whitebread Memorial Scholarship may be sent to the law school.
Some of you might remember that there is a presidential election going on. Turnout is expected to be high and many voters will be participating for the first time.
However, if you are a federal clerk you had better keep your political opinions to yourself. Free speech does not exist for you. One of our readers pointed out:
I just accepted a position as a federal law clerk for the 2009-10 term. I also have an Obama sticker on my bumper and an Obama sign in my yard. According to Ethics for Federal Judicial Law Clerks (p.20), I would be violating Canon 5 of the Code of Conduct for Judicial Employees if I were currently clerking.
Pretty much. The scope of political activity is curtailed not just by the canons of judicial ethics, but also by the Hatch Act. As a clerk, you are discouraged from giving money, attending events, you’re not even allowed to wear a campaign button to work.
We’re all for judicial impartiality, but making clerks say “I don’t know nothin about birthin’ no babies” seems a bit undemocratic (small “d”) to us. Federal clerks participate in some of the most important decisions about how we live, and we expect them to be able to weigh both sides without passion or prejudice. But a bumper sticker removes the veil of ignorance and reduces clerks to partisan hacks? A legal fiction is one thing, this is a legal farce.
Luckily for new clerks like our reader, this is not a problem for 2009-2010 clerks. They can go nuts until they are “official” federal employees. But current clerks can attest to the exact moment where free speech falls to the illusion of impartiality.
Update: If you’re interested in learning more about clerkships, and if you’ll be in Washington on Saturday, October, 4, this free event may be of interest to you.
We’ve noticed a conversation in the ATL community page about Biglaw associates who have been forced to shack up in shared office space. According to the community post:
Dewey & LeBoeuf [FN1] has informed us that first, second and third year associates will be sharing 12X12 offices. In a meeting we were basically told ‘like it or leave it’ but were shortly there after reminded of the slumping economy’s effect on top tier law firm associates job market. Is any other top tier firm pulling this crap or it is just these soul sucking greedy slobs here?”
Shared office space is certainly not the ideal. It’s distracting to hear the type, type, typing of your office mate’s computer and to listen in on their calls. And you can’t really let it all hang out when the door is closed (or get up to the mischief detailed in this Skadden urban legend).
Firms usually cite space reasons as the culprit behind pairing associates up. Some have also claimed that a senior office mate can be an asset, one who provides guidance and can answer small questions that come up. Perhaps they also like the monitoring aspect: associates may be less likely to spend an hour on the phone talking about the weekend’s events if they’ve got a colleague within earshot.
At least it means that your firm is doing well, and buzzing along at full employment, as there aren’t empty offices to go around. Dewey’s not the only one. See another on-topic e-mail after the jump.
What’s the trend at your firm? Is office sharing common, and if so, for how long? And you know, of course, that we treasure on-the-job vignettes, so if you have any amusing or horrible office-sharing moments to spill, please do.
[FN1] The firm’s name was disclosed in the comments on the post. We reached out to them for comment, but are still waiting to hear back.
But the financial crisis is far from over. Which firms are still left to benefit as the financial sector careens down the off ramp of success? We know Simpson Thacher has done a lot of work with Washington Mutual, and we know WaMu is about as stable as Courtney Love after a Seattle rainstorm. Will Simpson be able to cash in on a WaMu sale, or will Weil just add another bloodied notch to their belt?
Kids running for office say the craziest things. Even when that office is for student government at the S.J. Quinney School of Law at the University of Utah.
This election isn’t going to come down to which student candidate will do the best job at providing low-cost outline alternatives to disadvantaged 1Ls. Instead, membership on the Student Bar Association will be based on toilets and tacos. According to one “undecided” at the law school:
I don’t want to sound cynical (okay I do), but in my experience concerning any type of “student government” (which experience is unfortunately extensive), “representatives” don’t really amount to much.
If there power could equal the power they think they have, then that would be something. I’ll tell you what counts for me: tuition costs, book costs, and the fact that there aren’t enough bathrooms in this place. Let’s be serious, the SBA will not build new bathrooms or lower costs. My “representative” may wish to pad their resume with another feather in their hat, but unless you can save me money or time, I understand how limited the SBA’s influence truly is and subsequently couldn’t care less. God bless America…
P.S. You get a taco cart up here for lunch and you’ll win.
Let’s address the last thing first: I was unaware that there were any schools out there still without reliable access to a taco cart. This is America! A taco cart is a law school birthright.
After the jump, we delve into the incredible waterless toilet.
As the Fed steps in to save the financial world with a bridge to nowhere AIG, we pause to reflect on the results from Monday’s ATL / Lateral Linksurvey, which asked whether the woes of Lehman Brothers and Merrill Lynch would hurt your career.
We received 830 responses, and quite a few of them looked like this one:
It’s the end of the world.
Overall, 42% of practicing attorneys said the demise of Lehman Brothers and Merrill Lynch would hurt their careers, which is way up from the 27% who said the same about Bear Stearns back in March. Law students are even more concerned, with 50% of 3Ls, 68% of 2Ls, and 63% of 1Ls feeling fearful.
While a third of New Yorkers were afraid about the impact of Bear Stearns back in March, the more recent collapses have frightened 55% of the Big Apple’s Big Law respondents. In fact, fear has risen dramatically in every market:
Responses by market: Are you afraid that the recent collapse will hurt your career?
After Merrill Lynch & Lehman Brothers
After Bear Stearns
Additional discussion, including selected comments from survey respondents, after the jump.
We have to at least entertain the possibility that the tanking economy could fundamentally change the Biglaw lifestyle that we have come to know and bilk. We could see flat salaries, tepid bonuses, and decreased job security over the next few years. Maybe this is the perfect opportunity to break out of the “top school-top firm-top shrink” pipeline?
Enter Don Korb, Chief Counsel of the IRS. As Tax Prof Blog mentioned earlier this week, Korb has been trying to recruit law students to the IRS.
And why not (if you’re into that sort of thing)? Nobody is planning on downsizing the IRS anytime soon. And you will likely get the kind of experience that law firms will respect once they get around to having paying clients again. Korb lays out what the IRS has done for his life in his recruitment brochure:
I have been both an associate and a partner in a law firm, a partner in a Big Six accounting firm, and an Assistant to the Commissioner of Internal Revenue. Now I’m back leading the Office where I began my legal career. What has stayed with me throughout this journey has been the wonderful foundation in the tax law that I gained during my first stint in the Office of Chief Counsel, an experience that I believe cannot be found anywhere else.
In fact the IRS just reported a 72% job satisfaction rate. Granted, that number is out of all their employees. But go find four random people walking through your office today and ask yourself if three of them are happy.
The pay isn’t great. But it beats the bag out of what you’d get at the unemployment office.
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: