Staci Zaretsky became an editor for ATL in June 2011. Before becoming an editor, she helped write ATL’s Morning Docket under the pseudonym Morning Dockette. Her writing has been featured on other legal blogs, such as Lawyerist and Ms. JD. Staci graduated from Lehigh University, and Western New England University School of Law, where her writing was published in the Western New England Law Review. In her spare time, Staci enjoys watching reality television, shopping for clothes she doesn't need with money she doesn't have, and singing along to Lady Gaga's latest hits.
It’s time for me to wake up. I do need to read things before I sign them. I do need to understand things before I sign them. … I gotta make sure I fully understand something, or fully read it, or find a lawyer — like a contract lawyer — that could help me. Because, you know, I don’t read contracts every day.
(Giudice claims she was “shocked” to have received a prison sentence, even after signing a plea agreement that called for up to 27 months of jail for her crimes. Why was she so shocked? The answer might make your brain hurt.)
When you’re in law school, you’ll have the option of buying new books, or slightly cheaper used books. If you choose to buy someone else’s used book, then God bless you, because you might be stuck with errant highlighting and incredibly moronic notes in the margins. Since law students can be crass, you might even find some offensive remarks scrawled throughout the pages of your book.
Why go through the trouble of buying used books when you’ll have to deal with so much annoyance? Because you’ll be able to take revenge upon the prior owner with your own clever margin notes…
Here in the “new normal,” it seems that law schools are willing to give anything a try if it will mean putting more students’ butts in seats, including, but not limited to, splitting their branch campuses into entirely separate schools. In fact, as long as the ABA is poised to approve the split, why not just give both schools a new name entirely?
That’s exactly what one law school is trying to do.
* Since SCOTUS punted on same-sex marriage, people in states where gay marriage bans still exist are wondering when it will be their turn. It’s just a waiting game from here on out. [USA Today]
* Babies wait for no one: a pregnant lesbian couple fighting the Texas ban on gay marriage filed an usual request asking that the Fifth Circuit hurry up and schedule arguments. [WSJ Law Blog]
* The “puff, puff, pass” defense? Robel Phillipos, friend of accused Boston bomber Dzhokhar Tsarnaev, claims he was so high during the aftermath he can’t remember a thing. [Bloomberg]
* When should you apply to law school? When you can get into a top school, have clear career objectives, and won’t have to take out loans. You’re preaching to the choir. [Law Admissions Lowdown / U.S. News]
* A Burger King customer is suing because he claims the restaurant’s manager attacked him with a knife and a Taser. This all allegedly happened over some cold onion rings, of course. [New York Daily News]
If part of your reason for going to law school is that, well, there’ll be a good job that you like and will pay well afterwards, then you’re maybe mistaken. There’s more than 90,000 lawyers in Illinois, and I’m not confident there’s enough jobs. Law school is no longer a safe road to a successful career.
Earlier this year, when we mentioned lawyers’ love lives (or the lack thereof), we wrote that “[l]awyers may not lead the most luxurious of lifestyles, but if you’re single and looking, it’s still a profession that will make prospective dates ooh and aah.” In fact, “[m]ost people in the average dating pool think being a lawyer is a road to riches, thus making these eligible bachelors even more appealing.”
Some lawyers, though, really do have the full package — they’re handsome, well-educated, and filthy rich. To that end, Gotham Magazine is currently running its Most Eligible Bachelors competition, and as luck would have it, some influential attorneys made the list.
Feast your eyes upon some of Biglaw’s best and brightest, and then vote for your favorite…
* The Supreme Court’s new term kicks off today, and lawyers are pumped — especially since “the Roberts court [may] be to the rights of gays and lesbians what the Warren court was to the rights of African Americans.” [New York Times]
* But come on, the Supreme Court hasn’t even decided to take up a same-sex marriage case for October Term 2014, you say. Not to worry, because “[h]owever slow the term is starting, it could obviously explode.” [USA Today]
* This year’s law firm merger pace is slightly more robust than last year’s record-breaking rate. Lawyers should probably get ready for some real merger mania before the new year comes. [Am Law Daily]
* The legal services sector just lost the largest number of jobs in a one-month period in almost five years. Our condolences to recent law school graduates who are still searching for employment. [WSJ Law Blog]
* On the other side of the spectrum, this recent law school graduate has it made. This former bank robber turned D.C. Circuit clerk just found out he’ll be allowed to take the bar exam. Yay! [National Law Journal]
This summer, we began reporting on the uphill battle the Thomas M. Cooley Law School faced with regard to its declining revenue and student enrollment. In early July, we were the first to break the news that Cooley Law would stop accepting first-year students at its Ann Arbor campus as part of a “financial management plan.” At the time, James Robb, the law school’s associate dean of external affairs and senior counsel, said there were no plans to close the campus.
Plans apparently changed quickly, because at the end of July, we learned that Cooley Law was considering consolidating the Ann Arbor campus with other Cooley campuses by the end of the fall 2014 semester. Once again, Robb assured the media that no definitive plans had been made yet.
Now that we’re almost halfway through the fall 2014 semester, it seems that Cooley Law has begrudgingly decided to lie in the bed that it has made. This may be the first law school campus closure since the public started learning that legal education wasn’t all that it was cracked up to be…
For a moment, I thought about probation. For a moment. I need to send a message that it isn’t who you are, how famous you are. If you do something wrong, there will be consequences to pay. Confinement is absolutely necessary in this case.
– Judge Esther Salas of the District of New Jersey, speaking during Real Housewives of New Jersey star Teresa Giudice’s sentencing yesterday afternoon. Giudice was sentenced to serve 15 months in prison, and her husband, Joe Giudice, was sentenced to serve 41 months in prison.
The scandalous “porngate” controversy has been brewing for a while now in Pennsylvania. If you’re not familiar with what happened, it seems that hundreds of pornographic and racy emails were exchanged between dozens of state government employees and officials from 2008 to 2012. The vast majority of those emails were sent or read on state email accounts. Thus far, the names of eight former employees of the attorney general’s office have been released as being involved in the erotic email exchange, and two people have already resigned from their positions.
Late last week, the chief justice of the Pennsylvania Supreme Court demanded information on whether any of the justices seated on his bench had taken part in any of the sexy email swaps. Days later, we now know that at least one of the justices may have been improperly banging his gavel alongside state officials.
Which justice allegedly traded sexually explicit emails with his colleagues?
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: