We know that the overall employment rate for the class of 2011 is lower than it’s been in 17 years. But even members of the class of 2011 who managed to secure employment have been screwed. Median starting salaries for new law school graduates have dropped by 35% over the past two years.
Since prospective law students are not great with facts and numbers, NALP was kind enough to put together some pretty pictures to help people understand….
Maybe a young Brando can play DeMayo in the movie.
Earlier this week, we shared an epic departure memo from the former marketing director at the Law Offices of Michael A. DeMayo LLP. In the memo, the woman (whom we nicknamed “Peggy Olson”) blasted her boss: “Of all the THOUSANDS of people I have met over the past 38 years, you are by far the most egotistical, self-absorbed, delusional, disrespectful and narcissistic person I have ever met.”
Well, it turns out that Michael A. DeMayo has some defenders in the Law Offices of Michael A. DeMayo. Or, at least one defender. Or maybe he’s defending himself?
Who knows. All we can tell you is that we received a fax (yes, not only do some people still use fax machines, but apparently Above the Law actually has one that we keep right next to our beepers and mercury-infused health drinks). It’s a full-throated defense of Michael DeMayo, replete with allegations that Peggy is going through a difficult situation that precipitated her departure memo meltdown.
* Orrick is suing Jon Huntsman’s campaign for unpaid rent. Silly Orrick, if they want to get any money out of Huntsman they have to sue his father and hope and promise to give sonny a job. [Washington City Paper]
* This is a terrible story about a soldier committing suicide. Not terrible enough to change my mind on whether bullies are legally responsible for people who make the tragic decision to take their own lives, but it’s still tragic. [Daily Mail]
* The FBI file of the late Old Dirty Bastard. I hope you like it raw. [The Daily Beast]
* Maybe one of our readers can answer this dude’s question. Do you have any legal recourse if people keep trying to kidnap you and force you to film Saddam Hussein look-alike porn? [Legal Blawg Watch]
* Muslim students not allowed to form Muslim student group at Catholic University. Funny, you’d think the bigger story would be about how illiterate Muslims were tricked into going to a Catholic school. [Professor Bainbridge]
* The Georgia Bar Exam results are out. Congratulations to all those who passed. For those who didn’t, take comfort in the fact that you can eat a delicious peach. [Georgia Office of Bar Admissions]
* New Jersey: keeping Occupy Trenton protesters in the dark with their mouths shut since October 6. Like that’s such a bad thing. [WSJ Law Blog]
* Guys, if you’re going to cheat on your wife, at least do it with some integrity. [Daily Mail]
* If you scroll down far enough, you’ll see a funny bra ad about swaying a jury. But if you scroll too quickly you’ll miss all the other bra ads. [Retronaut via Overlawyered]
* And this one is called “stop lying” or, in the alternative, “don’t fall asleep on your porch while smoking a cigarette when you’re wasted and then wonder why you’re on fire.” [Legal Juice]
* The DOJ’s $16 muffin fiasco didn’t really happen. But that’s probably not how we’re all going to remember it. [TPM]
Rover's last wish was to have his ashes sprinkled over a pile of money.
* Saying your dog ate something isn’t a creative enough excuse these days. Try this instead: “I kept the clients’ missing money in my car, which I left running in the parking lot to keep my dead dog’s ashes from freezing. Someone then stole the car, and now the missing client money is gone forever!” [Canadian Lawyer]
* Next time you feel like kicking the crap out of someone, make sure your twin is there, because there’s a high likelihood that you’ll both get off. [Legal Juice]
* A judge in Louisiana just threw a case out because he didn’t want to catch the flu from a witness. Elie was right: germaphobia is the real contagion! [Lowering the Bar]
* How would Jesus feel about guns in his church? He’d probably change them into dildos and tell the violence-bearers to go f**k themselves. [WSJ Law Blog]
* There’s been a lot of talk about personal branding for lawyers lately. This guy probably has the right idea, but you’ve got to wonder if he really wants to be known as the “Bald Lawyer” for the rest of his life. What happens if he decides to get plugs? [Legal Blog Watch]
* Is this sexual harassment? Since when is deepthroating a popsicle sexual harassment? Looks like a case for the Association of Finnish Lawyers. [Copyranter]
* If Sarah Palin wants to sue somebody, it should be Michele Bachmann for copyright infringement. [The Legal Satyricon]
* Hey guys, next time you shoot a gay porn video, you can wear parts of your Marine uniform. Just make sure not to grunt “OOH-RAH,” when you climax, because that might be considered an endorsement. [Suits & Sentences / McClatchy]
* It’s like Democrats are just figuring out that the Supreme Court, not Congress, will decide what kind of health care we’re allowed to have. [WSJ Law Blog]
* Something tells me that calling the judge a “crazy ass mother f**ker” isn’t going to help you with your sentence. [Legal Juice]
* Radiohead will not be playing at the Occupy Wall Street thingy. When reached for comment, the band said: “It’s a fake plastic protest, man. In an economy based on rubber plans. That just crumbles. And burns.” [Slate]
* The right advice to this person is for her to major in something non-masturbatory so she graduates from college with some actual skills, and maybe doesn’t have to go to law school. [We Are The 99 Percent]
* Make sure you check out the final update on the Georgetown Law craziness from earlier today. [Above the Law]
Don’t get me wrong, I don’t necessarily think that it’s wrong to brag about receiving an offer in front of your friends, family, and total strangers. I personally subscribe to the Major League theory that you don’t want to be dancing in front of somebody who just died, but I understand that most of the kids these days have never even seen the movie I just referenced.
For the millennials, bragging comes so naturally they don’t even realize when they’re doing it. It’s like their biological imperatives are to survive, reproduce, and post evidence of it on Facebook.
Which is fine. I mean, just because somebody is bragging doesn’t mean you have to care. For instance, today we’ve got a kid bragging about getting an offer from a particular Biglaw firm. Some people will be envious; other people are going to make jokes about coat hangers. To each his own….
* Isn’t ending tax breaks the same as instituting tax hikes according to standard Republican logic? Well, whatever, if the power to tax is the power to destroy, let’s see if it works on Snooki. [TPM]
* Does the law need to be unlocked? Maybe, but we should still be careful about who gets to have a key. [Truth on the Market]
* Who are you going to believe: the NYPD or your lying eyes? [Dealbreaker]
* If you’ve got stage fright before a court appearance, follow these tips, or just imagine the judge in her underwear. (Although you wouldn’t need to imagine much for a certain judge in Canada.) [Underdog]
* The SEC might sue Standard & Poor’s. In response, the S&P board is considering a name change to “Standard & F**ked.” [WSJ Law Blog]
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: