It’s NCAA Tournament time, which means that if you get married this weekend or the next two, your guests will be cursing you as they surreptitiously refresh their BlackBerries. We therefore applaud this week’s brides, who planned their weddings for this past weekend, before the madness struck. They are — if we may say so — our Cinderellas.
Marking a new low for the legal industry, there was only one practicing lawyer in the NYT weddings section this week. We were able to round out our contestant list with a 3L and a non-practicing JD, but LEWW remains alarmed about this decline in our profession’s visibility. We hope there is no truth to the rumor that couples are staying out of the NYT to avoid exposure on ATL. If that’s the case, we may have to cast a wider net for material — in fact, many commenters have suggested we do just that. We’ll keep you posted.
There was no LEWW last Friday because last week’s wedding pages were even bleaker than the Biglaw employment news. We’ve bounced back nicely, though, because Valentine’s Day fell on a Saturday this year, making this week’s weddings section a February feast of premium nuptial news.
We present three outstanding couples for your consideration:
Some of our friendly commenters frequently gripe about the high number of Rabbi-officiated weddings featured in this space. They’ll be delighted to know that only one of our three weddings this week is a straight-up Rabbi wedding. The others were jointly officiated by a Rabbi and a Mennonite minister and a Rabbi and a bankruptcy judge. Yay for diversity!
* Can law firms evolve? Because right now they look a lot like a T-Rex right after the Chicxulub blast. [Ideoblog]
* Here’s a chart showing how California law schools stacked up against each other in terms of bar passage rates. Berkeley < USC & UCLA. This would never have happened at "Boalt." [TaxProf Blog]
* Having nailed Bush, I think there’s a new job for Josh Brolin. [Popsquire]
* Here’s one way to handle criminals. Or suspected criminals. Or suspected unarmed criminals. Hey, better that 10 innocent people are boiled in oil rather than one axe murderer getting away with a fair trial. [Nix-on-Crime]
Everybody has to sacrifice to survive in the new “economy” (if that’s what we’re still calling it). Today, we’ve received word that Buchanan Ingersoll could be asking partners to shoulder part of the burden. A tipster explains:
Buchanan Ingersoll was not able to pay nonequity partners any of their holdback at year end and equity partners only received a very small portion of their money. Partners forced to borrow to pay in capital by Jan 30.
But according to the firm, this is the normal timing for Buchanan’s decision making process. A firm spokesperson told us:
In terms of payouts to non-equity and equity partners — We are on a January 31 year-end for partner compensation so it’s only after that date that we determine the payout to equity and non-equity partners. There will certainly be a payout to non-equity partners and a substantial equity payout as well.
If there is any level of payout uncertainty in the partnership ranks, you can imagine how associates are doing. We explore after the jump.
One thing that has become clear to me since I started at ATL is that people in prison have a lot of time on their hands. A lot of time. We regularly receive handwritten letters from pro se litigants complaining that the judge who sent them to prison is “above the law.”
Michael Lambrix has been held on death row for over 25 years. Now, he wants to serve on the Florida Supreme Court. “Mike” describes himself on his website (doinglifeondeathrow.com) like this:
Born and raised in Marin County, CA I have now been held hostage on Florida’s death row over 25 years….
My spiritual faith and a healthy (if not a bit twisted) sense of humor have been my strength while the hope of spending time with my 3 children and grandson is my goal….
By nature I am easy going, hard to anger, and quick to forgive – even to a fault. Although spiritual by nature, I’ve grown disgusted by organized religion. For the same reasons I’m disgusted by organized politics — both have become institutions corrupted by man’s arrogance and greed.
Who better to deal with man’s arrogance and greed than a humble convicted felon? It makes sense to Mike. In his application to fill a vacancy on Florida’s highest court, Mike makes his best (handwritten) case:
I would now request that I be considered for nomination and in all fairness I would ask that you do not so quickly discount my genuine desire to become a Justice on the Florida Supreme Court. As a longtime (albeit involuntary!) citizen of the state of Florida I believe I am entitled to due consideration, and the following facts show that I am uniquely qualified to be a Justice on the court.
As for that pesky capital offense?
Of course, I do understand… there would be a predictable measure of reservation to my appointment, but to hell with the public. It’s the governor’s providence to appoint anyone he so chooses, and if the narrow minded public doesn’t like it, they can always vote me off the court in 6 years when I come up for a “retention vote.”
Before you “quickly discount” Mike’s appointment, give due consideration to the fact that we are talking about the state of Florida.
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: