Theodore Freedman is — or was — a prominent bankruptcy and restructuring partner at Kirkland & Ellis, based out of the firm’s New York office. Freedman has been practicing law for almost 40 years; he graduated from Northwestern Law in 1972 and is admitted to the bars of D.C. (1973), Illinois (1976), and New York (1992).
Word on the street, however, is that Ted Freedman has left, or is in the process of leaving, K&E. He’s no longer on the Kirkland website. Check out the list of K&E lawyers whose last names start with F; he’s not there.
It’s a very thorough compilation, for a general-interest audience, of developments that we’ve already covered in these pages. The subtitle sums up the piece quite well: “Law schools are manufacturing more lawyers than America needs, and law students aren’t happy about it.”
We’re not sure what else to say about it, since we’ve opined at length on many of these depressing realities: the cratering legal job market, the oversupply of lawyers, the rise in law school tuition, the crushing educational debt (generally not dischargeable in bankruptcy), the misleading data used by law schools to lure in students, and the American Bar Association’s inability (or refusal) to stop new law schools from sprouting like weeds….
CORRECTION: This post has been revised since it was first published to reflect the fact that the 13.5% tuition hike for in-state students occurred this summer and applies to the current academic year (2010-2011).
Last year, the University of Minnesota contemplated imposing a significant tuition hike on its law students, while trying to keep college tuition low. This year, Minnesota did in fact push through the tuition increase, while protecting the high salaries of its law school faculty.
Paul Caron at Tax Prof Blog pointed us to a number of reports about how Minnesota hiked law school tuition by 13.5% for this academic year, while planning to cut faculty salaries by only 1.15% in the 2011 fiscal year. So Minnesota law students, if you were hoping for a dollop of Astroglide along with your next tuition bill, you have my sympathy. The administration at Minnesota Law doesn’t even have the common courtesy to give you a reach-around.
Law school administrators don’t care about you, current and prospective law students. They don’t even have to pretend to care about your problems anymore…
Appropriately weighty principles guide our course. First, we recognize that police power draws from the credo that “the needs of the many outweigh the needs of the few.” Second, while this maxim rings utilitarian and Dickensian (not to mention Vulcan21), it is cabined by something contrarian and Texan: distrust of intrusive government and a belief that police power is justified only by urgency, not expediency.
21See STAR TREK II: THE WRATH OF KHAN (Paramount Pictures 1982). The film references several works of classic literature, none more prominently than A Tale of Two Cities. Spock gives Admiral Kirk an antique copy as a birthday present, and the film itself is bookended with the book’s opening and closing passages. Most memorable, of course, is Spock’s famous line from his moment of sacrifice: “Don’t grieve, Admiral. It is logical. The needs of the many outweigh . . .” to which Kirk replies, “the needs of the few.”
But now maybe Miller will be a worthy contender. Newly released documents contain an email where Miller admits to lying about some of his actions while working as a borough attorney in Fairbanks, Alaska.
I have no idea how the Tea Party will spin this into a positive, but for Democrats and regular Republicans, their problem with Miller won’t be the offense, it’ll be with the cover-up. ‘Twas always thus…
No, she didn’t cheat on a cancer-stricken spouse through an affair with a trashy “videographer”; Cate Edwards, the daughter of John and Elizabeth Edwards, isn’t married. Rather, the 28-year-old Harvard Law graduate has become a plaintiffs’ lawyer, like her father before her.
As reported today in the Washington Post’s Reliable Source column, Edwards recently became an associate with Sanford Wittels & Heisler, a boutique class-action litigation firm with offices in New York, D.C., and San Francisco. Her bio on the firm website, which lists her as Catharine E. Edwards, mentions that she’s a member of the Virginia bar, with an application to the D.C. bar pending.
It also reveals that she previously served as a law clerk to a federal judge. For whom did Cate Edwards clerk?
We’ve seen lawyers request continuances because of major sporting events before. There was a great continuance motion last year, when the Alabama Crimson Tide played in the BCS Championship game. Obviously, the entire state of Louisiana lost its collective mind during the New Orleans Saints Super Bowl Run.
Notice how we’re talking about football? Football is “America’s Passion,” while baseball is “America’s Pastime” — which is a nice way of saying, “Baseball is something cool to have on the television while you take an afternoon nap.” (Full Disclosure: I’m a Mets fan, so baseball has been dead to me for many months.)
But we’re seeing unusual passion from Texas Rangers fans. Maybe it’s because the team had never won a playoff series until this postseason. Maybe it’s because Cliff Lee really is a witch.
Lawyers who are Texas Rangers fans appear to have gone all the way around the bend…
It’s not a huge amount of money, but maybe the message is more important? U.S. District Judge Glen H. Davidson ordered McMillen’s Mississippi school district to pay about $81,000. Even though the school district canceled the prom, McMillen was still entitled to attorney fees because she was the prevailing plaintiff in a civil rights case.
Let’s hope $81,000 gets the attention of school districts in Mississippi and elsewhere. At the very least, that’s got to be more than they usually spend on prom. Maybe they’ll figure out it’s cheaper to let their gay students party with whomever they want.
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: