Big Oil companies think they can be better at protecting your job — and the environment — than the government. This is why they oppose California’s AB 32.
Forget what happened when the Deepwater Horizon rig exploded in the Gulf of Mexico in April. Forget that our carbon emission levels are second only to China due to our dependence on oil. Even ignore the fact that most clean tech innovation these days is coming out of Asia, or that we’re losing manufacturing jobs to them because of our resistance to change. Big Oil is on your side.
AB 32, which was passed in 2006 through bipartisan support in the California legislature, calls for reducing California’s emissions of carbon dioxide and other greenhouse gases to 1990 levels by 2020, and further cutting these emissions by 80 percent from 1990 levels by 2050. Among other things, it will require the California Air Resources Board to create a limit on carbon emissions. To get there California would have mandate cleaner cars, and focus on renewable energy and more efficient buildings powered by wind and solar.
* Another accountant is taking on a lawyer for a U.S. Senate seat. In both cases, the accountant is a Republican while the lawyer is a Democrat. [Going Concern]
* Lady Gaga’s ex-boyfriend, Rob Fusari, is a hetrosexual male over the age of 30 — so I can see why he and Gaga didn’t get along. [Forbes]
* If you thought POM juice would cure your penis problems, you’re dumber than you look. [WSJ Law Blog]
* Yale Law grad and Alaska Senate candidate Joe Miller applied for an “indigent” hunting and fishing license when he moved to Alaska after law school. He apparently wasn’t indigent, but I wouldn’t call him rich. [Anchorage Daily News]
* The police have no expectation of privacy when performing their public duties, so tape away. [BL1Y]
* Malcolm Gladwell has thoughts on Twitter. Wake me up when he steals his research from loads of other people, oversimplifies it, and puts it together in another condescending little book that everybody fawns over. [Marketing Strategy and the Law]
Anna Nicole Smith: her candle burned out long before her legend ever did. And the great beauty’s legend continues to grow, over three years after her untimely death in February 2007, as litigation involving her estate contributes to the development of a rich body of law regarding bankruptcy and probate law — in a tribunal no less distinguished than the Supreme Court of the United States.
The Supreme Court agreed Tuesday to hear an appeal from the estate of Anna Nicole Smith, the late Playboy model and TV reality-show star, in the decades-old dispute over an inheritance from her tycoon husband.
The action, involving a sensational set of characters in an otherwise dry case at the intersection of probate and bankruptcy law, came on a day of varied court business that included acceptance of 14 new cases for the 2010-2011 term that officially begins Monday.
Sounds scintillating. Let’s get all up in Anna Nicole’s business, shall we?
Last month, we reported on the Best Value Law School Rankings produced by National Jurist. The initial list just mentioned the publication’s “honorees,” with a promise of numerical rankings later. That day has arrived, and the magazine is ready to tell us which is the very best value for law school in 2010.
Last week we started to hear rumors of a possible merger between Akin Gump and Orrick. One tipster offered this unenthusiastic take: “Suddenly, the firm that is known for professionalism and California-style collegiality courts the firm whose softball team is named ‘The Cheatahs?'”
Meow! Well, it appears that the rumors are true. Spokespersons for each firm just confirmed to Am Law Daily and the WSJ Law Blog that Orrick and Akin are in “preliminary,” “exploratory” discussions about a merger.
There’s nothing like cheating on the LSAT to start off your legal career. Sure, even if you manage to get into and graduate from law school, you’re going to have serious problems when it comes to the MPRE. Or the Character and Fitness interview. Or the “following the law” part of being a lawyer. But you know what they say: if you ain’t cheating, you ain’t trying.
So it is for one would-be law student. The kid tried to give his career a jump start by hiring someone else to take the LSAT is his place. And, even more stupidly, he posted his request for an “LSAT Stand-In” on Craigslist.
Of course, now that we’ve contacted him about the “questionable ethics” of his Craigslist post, he claims that it was all a joke. We’ve heard that before.
Let’s take a look at the ad, and you can decide for yourself what to make of it.
Your Facebook profile photo should look like this if you file a personal injury lawsuit.
Kash here. Now that I’ve departed for Forbes, I see that Elie has to take care of the hand jobs around here. I hope you’re all satisfied with his treatment.
Meanwhile, I’m bringing you news of a less salacious sort — a tale of two lawsuits. One involves an artist who wants to get paid for his work and is suing a clothing company for breach of contract. The other features a university employee who wants to get paid for falling out of her allegedly defective chair and has filed a personal injury suit against the chair manufacturer (for breach of contact?).
The former gets to keep his Facebook and MySpace communications private, and the latter has to turn them over. Old electronic communications laws mixed with cutting-edge electronic communication on social networking sites translates into a confusing set of precedents around the country.
The two cases might leave you scratching your head over what’s discoverable in a civil suit, but personal injury lawyers can take away a concrete lesson. In addition to advising your clients to wear a neck brace to court, advise them to always slap one on for Facebook profile photos…
Many real estate lawyers are also real estate investors. It makes perfect sense: they know the market, they know the intricacies of complex transactions, and they see a lot of deals in the course of their practice. For example, Jonathan Mechanic, the renowned real estate lawyer who heads the practice at Fried Frank, owns retail and office space in Bergen County, New Jersey (where I grew up).
Over the weekend, the New York Times documented the successful real estate investing of another top New York real estate attorney: Alan J. Pomerantz, currently a senior counsel at Orrick, and before that the co-CEO of a real estate investment fund and a longtime partner at Weil Gotshal. In 1994, Pomerantz and his wife, Carol Pomerantz, a psychotherapist, bought a fabulous Upper East Side apartment for $1.6 million. Now, “because they now spend most of their time with family in Northern California and are building a house in the Napa Valley” — sounds like a nice life, doesn’t it? — they are selling the apartment.
The asking price: $5.7 million. Even accounting for inflation and the costs of their renovation, it seems that the Pomerantzes made a wise investment (assuming the co-op sells at or near the asking price, as places are starting to do again here in NYC).
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: