Morning Docket 05.12.09

* Marc Dreier pleaded guilty yesterday. “He has disgraced the honorable profession of law,” said Judge Jed S. Rakoff. [New York Times]
* Dreier’s $400 million swindle obviously supported quite a lavish lifestyle. Check out his 2500+ sq. ft. Southampton beach house to be auctioned off next month. [David R. Maltz & Co.]
* The Legal Intelligencer has launched a series looking at the way the legal industry is changing. First part of the series gives kudos to Eckert Seamans for recognizing that first-year associates are worthless. [Legal Intelligencer]
* Judge lets Rod Blagojevich use his campaign fund for his defense costs and lets him have all the lawyers his little heart desires. [Chicago Tribune]
* The SCOTUS nomination process continues to generate massive speculation. Today, the Washington Post says there’s a strong push for a Hispanic justice. But the article has this insightful tidbit: “The White House is constructing its appointment strategy on the belief that this will not be [Obama’s] only appointment to the court and that he need not reach his goal of changing the racial, ethnic and gender balance on the court with just one pick.” [Washington Post]

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