* “Either access to abortion will be dramatically restricted in the coming year or perhaps the pushback will begin.” We’re moving back in history. Here’s hoping pro-choice advocacy will be born anew in 2014. [New York Times]
* George S. Canellos, the SEC’s co-chief of enforcement, announced his departure on Friday, and people are already wondering whether he’ll return to his old stomping grounds at Milbank Tweed. [DealBook / New York Times]
* We hope legal educators had fun at the Association of American Law Schools annual meeting, but we hope most of all that they learned what needs to change to really make legal education pay. [WSJ Law Blog]
* “I believe women lawyers can contribute a lot to the legal system.” Saudi Arabia now has its first female law firm dedicated to bringing women’s issues to the country’s patriarchal courts. Congratulations! [RT]
The Association of American Law Schools’ annual conference starts today. I’ll be there tomorrow and I’ll be speaking there on Saturday about law school rankings.
AALS is a giant mixer for law school deans. I don’t like to go, because I don’t like being yelled at or assaulted, but it’s a great conference. You’ve got to remember, law deans are not afraid of the American Bar Association or the Department of Education. The so-called “regulators” of legal education don’t do much actual regulating of established programs. Instead, law deans are afraid of their faculties. Law deans are afraid of law faculties the way kings are afraid of their generals.
Deans are not afraid of their students. Student happiness has nothing to do with whether law deans get to keep their jobs. I don’t expect that a new law dean will care about an impolite greeting from one of his new students. But still, if I see this guy at AALS I’m going to give him a hug….
It’s been a while since the last installment of Skaddenfreude, ATL’s informal survey of compensation within the legal profession. And we’d like to bring you some fresh data.
Unfortunately, right now we don’t have enough submissions to fill a post. But based on the submissions that we HAVE received, we have a theme: salaries in legal academia.
With the AALS “meat market”job fair a few short weeks away, this is a good time of year to be talking about how much law professors and deans earn. So, if you’re a legal academic willing to share your compensation information with us — which, of course, we “anonymize” before publishing — please email us (subject line: “Skaddenfreude”). The information that we need, and the process for anonymizing entries, are described here.
As always, we thank you.
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: