* Professor Carlton Larson has a great new paper exploring possible constitutional limitations on state laws regulating baby names. Could parental rights to name a child “Dumb Motherf**ker,” “Preserved Fish,” or “Latrina” be protected by the First Amendment? [SSRN via Legal Blog Watch]
* Speaking of the Wise Latrina, Justice Sonia Sotomayor is a fan of bipartisan seating at the State of the Union. Her colleagues’ email skills? Not so much. [How Appealing]
* Illinois law professor Larry Ribstein on the Rahm Emanuel ruling: “Illinois law is better interpreted to say that before a Washington pol runs again in the midwest he needs some time reacquaint himself with the real world.” [Truth on the Market]
* Congratulations to DLA Piper, which will become the world’s largest law firm after a merger Down Under. [Bloomberg]
* And congratulations to former DLA partner Ted Segal — he’s moving over to regional firm Stradley Ronon, in part because of client concerns over billing rates. [Washington Business Journal]
* Wow, that was fast. Rep. Dennis Kucinich has already settled his lawsuit over olive-triggered dental damage. [Dave Weigel / Slate]
* A state transit agency in Virginia that has paid Williams Mullen more than $6.5 million over the past five years might be shifting legal work away from the firm. [Virginian-Pilot]
* You can call Above the Law “the most worst legal website published in the State of New York,” and we won’t sue you for defamation. (Cue jokes about truth as a defense in 3, 2, 1….) [New York Law Journal via ABA Journal]
I’m an associate at a mid-sized law firm, and I recently received an offer from a much larger and more prestigious firm. I’ve decided to accept. My question is: should I ask for a signing bonus, and if so, how large? The salary bump from what I’m earning right now is already huge, so I feel greedy asking for more, especially in this economy. But if I can get it, why not, right?
– Money Never Sleeps
Dear Money Never Sleeps,
Here’s a sample of some of the items that landed in my inbox this week: One reader wanted to know whether to ask the firm where she was contracting at to upgrade her to associate. Somebody else requested an opinion on whether law school was still a bad idea given that he currently makes $16,000 a year and manages a coffee shop. And Mint.com, my passive-aggressive personal finance site, emailed me to “let me know” that I was over budget for “Alcohol & Entertainment” expenditures in January. And then I received your question. Yeah….
Earlier this week, we told you about a class action lawsuit filed against Taco Bell over its taco fillings. The lawsuit alleges that Taco Bell inaccurately claims to be selling “seasoned beef” when in fact it is selling “taco meat filling.”
We didn’t think Taco Bell would take these allegations lying down. The WSJ Law Blog tells us that Taco Bell lawyers are thinking outside the bun box and contemplating a countersuit.
But today brings news of a more traditional response from the fast food giant: an all-out media blitz to assure customers about the quality of its food.
Taco Bell is issuing press releases, taking out full-page ads in newspapers, and even has their president talking about the Taco Bell “seasoned beef” recipe on YouTube. Sadly, Taco Bell isn’t available on SeamlessWeb here at the office — so I can talk about the ad campaign, but can’t experience it in my belly…
I know lots of guys fantasize about boinking “barely legal” teenage girls. Not me, I like women: fully formed, adult women. There’s just something unseemly about older men salivating over girls who could have been in high school a year ago. Call me crazy, but it’s just more interesting as an adult to be intimate with other adults.
Similarly, I like my lawyers to actually practice law. There’s something unseemly about watching market forces turn law school graduates into glorified paralegals and secretaries. Call me a prude, but there’s just something gross about seeing young, nubile attorneys going around begging for document review positions. These people spent three years of their lives and six figures of their (or someone else’s) money to get law degrees; they should have something to show for their efforts.
But even if I don’t like to look, I can’t deny that this is happening. We are all living in a time that will be studied by future generations: a time when attorney career paths bifurcated, between traditional partnership-track associates and what I’ll call “barely legal” career paths….
* Arizona is like that racist uncle who won’t shut up about immigrants and refuses to leave even after peeing in the corner of your mom’s dining room. Don’t act like your family is better than mine. [Arizona Republic]
* So this kid dumped a piano onto a sandbar off the coast of South Florida, all for a college application. The art school equivalent of a 180. [New York Times]
Developments are flying fast and furious out of Howrey. Yesterday we passed along reports that Howrey’s merger talks with Winston & Strawn were off. Today we’re hearing that they might be back on (or that they never stopped in the first place).
According to the U.K.-based Legal Week (via the ABA Journal), the talks are ongoing. The parties are represented by Thomas Fitzgerald, managing partner of Winston, and Sean Boland, vice chairman of Howrey. Winston is apparently attracted to antitrust at Howrey, an area where Winston wants to expand.
Corroboration of continued Winston / Howrey discussions from a U.S. source, plus some interesting internal emails from Howrey leadership, after the jump.
* Eric Turkewitz channeling Mayor Michael Bloomberg: “Look, let’s be blunt here. Who is in a better position to pay the costs of an injury if a city bus injures people? Our strapped city budget, or the victims?” [New York Personal Injury Law Blog]
* Obama says drug legalization is worth a debate. For those scoring at home: we can talk about legalizing drugs, but we can’t talk about controlling guns. [Huffington Post]
* Meanwhile, Florida criminalizes… bath salts? Bonobo Bro has the winning blurb: “Check out this example of the brocist nanny state trying to get in the way of spring break, bath salts that have cocaine like effects and a few other of the principals this great nation was founded on.” [WJHG]
* Rep. Mike Pence of Indiana won’t seek the Republican presidential nomination in 2012. [Politico]
* Speaking of former Republican presidential hopefuls, Fred Thompson prepares to lobby on behalf of trial lawyers. Seriously. Cancel Law & Order and the universe starts breaking down. [WSJ Law Blog]
* The number eight proves lucky for one taker of the New Hampshire bar exam — and the number $140,000, not so lucky. After passing the NH bar exam on his eighth try, the debt-laden lad gets dinged on character and fitness — a familiar tale by now. [Legal Profession Blog via ABA Journal]
* Gotta love it when Jamie Dimon gets catty. [Dealbreaker]
* A corporate partner in the Moscow office of Baker Botts apparently took his own life. John Sheedy, R.I.P. [Am Law Daily]
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: email@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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