Last year was a pretty great one for partners of Paul Weiss. And we’re not talking just about profits per partner, although we expect they’ll be robust once again.
In June, Roberta Kaplan scored a big win in the Supreme Court in United States v. Windsor. Representing Edie Windsor, a widow who got hit with hefty taxes when her wife passed away, Kaplan got section 3 of the Defense of Marriage Act struck down. Just yesterday, we declared Robbie Kaplan our 2013 Lawyer of the Year.
But she wasn’t the only PW partner who had an exciting 2013. In December, Jeh Johnson left the firm to become our nation’s fourth Secretary of Homeland Security.
On the morning of December 19, Johnson sent around a wonderful departure memo, which we’d like to share with you now….
* Barack Obama is trailing George W. Bush when it comes to leaving his mark on the federal courts, but that’s probably because Senate Democrats didn’t go nuclear quickly enough. [Blog of Legal Times]
* When it comes to 2013, one thing’s for sure: it wasn’t boring. Many of this year’s movers and shakers hailed from top Am Law 100 law firms — like Ted Cruz (formerly of Morgan Lewis). [American Lawyer]
* John Ray III isn’t going to sit back and allow a jury to shut down his discrimination and retaliation case against Ropes & Gray. He filed a notice of appeal last week, and he’s pissed off. [National Law Journal]
* Utah has until the end of January to figure out how it’s going to go about defending its same-sex marriage ban before the Tenth Circuit. Just a thought: the “it’s still gay, even if the balls don’t touch” theory of law isn’t going to cut it. [Deseret News]
* A lawyer for the Texas judge accused of strangling his girlfriend is offering media outlets a superb defense story on behalf of his client. He wasn’t trying to kill her, he was trying to save her! [New York Daily News]
– Chris Sevier, the Apple Porn plaintiff, channelling his hero, Phil Robertson. According to Sevier’s rambling, 91-page complaint, A&E’s decision to suspend Robertson indefinitely will have a chilling effect on the practice of Christianity. President Obama makes it into the complaint because he’s allegedly in cahoots with the network in an elaborate strategy to further the gay agenda through basic cable.
(Look, if cable television stations were the locus of a vast conspiracy to enforce a gay agenda, shouldn’t Sevier be suing over the existence of Bravo?)
* People have “greatly underestimated how powerful a jurist Justice Sotomayor would be,” and now that one of her concurrences flies directly in the face of Obama’s NSA tactics, we’ll get to see how powerful she really is. [MSNBC]
* Here’s a fun end-of-the-year roundup: President Obama’s Top 10 Constitutional Violations of 2013. Fifty internet points shall be awarded to the first person who correctly guesses how many are related to Obamacare without looking. [Forbes]
* Following Judge Shira Scheindlin’s stop-and-frisk spanking, the Southern District of New York changed its rules on case assignments in order to increase transparency. Related-case judge-shopping just got a whole lot harder. [New York Times]
* Wiley Rein is defending its fee request in the Voting Rights Act case, and says the Department of Justice is “[tying] itself in knots” trying to find a way to get out of paying the piper. Harsh. [Blog of Legal Times]
* “I am not trying to bring down the NSA, I am working to improve the NSA.” Now that he’s unleashed all of America’s deep dark secrets, Edward Snowden just wants to Google like a regular guy. [Washington Post]
The last time someone willingly entered New Jersey.
* New Jersey continues to mint lawyers despite terrible market conditions. Lat told me I should come up with a good Jersey joke. I said that was fairly well-worn territory and I would feel a bit like #498 at the Houston 500. Lat said, ” ” [Newark Star-Ledger]
* The Obama uncle we mentioned earlier this week? Obama’s roommate before Harvard Law. Why won’t Obama produce his rent deposit!? [CNN]
* The men who stole parts of the Porsche Paul Walker died in were arrested yesterday. They will be charged with felony grand theft, tampering with evidence, and living perhaps too fast… too curious? [TMZ]
* Regulators are having a tough time figuring out what to do with the burgeoning Bitcoin market. Numismatists are equally puzzled by this rarest of rare coin markets. [New York Times]
* Jos. A. Bank, the most prestigious clothier in the United States and/or Canada, has been subpoenaed by the Ohio Attorney General. If the Ohio AG deposes one executive, he gets to depose three additional executives for free. [Washington Post]
I assure you I have many more important things to talk to the president about than the fact that we busted this penny-ante fraud…. [Trump] seems to be the kind of person who goes to the Super Bowl and thinks the people in the huddle are talking about him.
– New York Attorney General Eric Schneiderman, speaking to Vanity Fair about Schneiderman’s lawsuit against Trump University. According to Vanity Fair, “Trump claims that Schneiderman cooked up the lawsuit after visiting with President Obama.”
* Magic Circle firms raise their rates, with partners billing around $1375.56/hour. Blimey! [The Careerist]
* A law firm paid for a nativity scene in a state capitol building. Sound the litigation alarm! [ABA Journal]
* Supreme Court seems hesitant to help out a guy who lost his frequent flyer miles for constantly complaining to his airline. On the one hand, customers shouldn’t be penalized for voicing their concerns. On the other hand, this guy’s “complaints” included his luggage taking too long to come out on the carousel. Chill the hell out. [Associated Press via Daily Finance]
* A SAC Capital employee carefully weighed the “risk-reward” of complying with the “law.” [Dealbreaker]
* Former Tyco CEO Dennis Kozlowski is getting paroled. Now I feel old because I represented a witness in that trial. [Dealbook / New York Times]
* A middle school principal in Texas is placed on administrative leave for banning students from conversing in Spanish at school. What a puta. [Associated Press via Business Insider]
* The rules to the self-proclaimed greatest law school drinking game of all time. Or a look at what Australian law school guys do instead of study. Video after the jump… [YouTube]
Can you name this man? He’s Obama’s Kenyan uncle. Who are we kidding, better question: Can you point to Kenya on a map?
* Alabama fan allegedly shot despicable front runners who liked the Tide and the Heat for not being distressed enough after Alabama’s loss. When reached for comment, LeBron tightened his Yankee cap and yelled Roll War Eagle Tide. [USA Today]
* A couple of Illinois lawyers got disbarred for beginning inappropriate sexual relationships. One began an affair with a teen he’d prosecuted. It’s good to see people still look up to Dan Fielding. [Legal Profession Blog]
* Obama’s Kenyan Uncle will not be deported. We need him to stay and do a job no American wants to do.. fix Healthcare.gov. [Associated Press]
* Kaplan has agreed to make a number of changes to increase access for disabled students in a settlement arising from the request of a deaf student to get a sign language interpreter. Now figuring out the bar exam will be… slightly easier. [Daily Business Review]
* White males successfully argue that they shouldn’t even have to listen to a black woman talk about race, even if she’s their professor in “communications.” [Raw Story]
* Munger Tolles brings back the former ambassador to Australia as a partner. “That’s not a cognizable claim. This is a cognizable claim.” [Law 360 (sub. req.)]
* David and Elie appeared on CNBC’s Power Lunch today to talk about bonuses that they’re not getting. Video embedded after the jump…
* President Obama won’t “just sit idly by” as his D.C. Circuit nominees are picked off one by one by Senate Republicans. No, instead he’s going to have his White House Counsel give interviews for him. [National Law Journal]
* Today is the 150th anniversary President Abraham Lincoln’s Gettysburg Address. If you’d like, you can watch a live stream of an event celebrating the occasion here at 12 p.m. EST today. [Constitution Accountability Center]
* The Second Circuit slapped down a few requests yesterday, the most notable of which being Argentina’s bid for a full rehearing and Raj Rajaratnam’s plea for a review of his conviction. [Bloomberg; Bloomberg]
* You don’t know what you got till it’s gone: Weil Gotshal is welcoming back a former finance partner after a seven-year stint at Norton Rose Fulbright to fill out its emptied Dallas office. [Law 360 (sub. req.)]
* Dewey know when the axe man commeth for those who refused to join the failed firm’s $70 million partner contribution plan? Right now. Will Marcoux is the first to face off against Alan Jacobs. [Am Law Daily]
* Judge Ellen Huvelle has ordered the government to turn over to her an executive order that the feds claim is subject to executive privilege. Judge Huvelle rejected the administration’s argument that privilege exists because, “we don’t want to give it to you.” [Politico]
* Pepper Hamilton has joined the greener pastures of Silicon Valley, opening an office with three partners poached from Goodwin Procter. [Reuters Legal (sub. req.)]
* Speaking of poaching, Martin Dunn, former deputy director of the SEC and O’Melveny partner is joining Morrison & Foerster. [The Blog of the Legal Times]
* And while we’re at it, M&A partner Sean Rodgers has left Simpson Thacher to merge with Kirkland & Ellis. [The AmLaw Daily]
* Publisher ALM (The American Lawyer, Corporate Counsel, The National Law Journal, The New York Law Journal) has a new technology partner and hopes to boost its readership. If they want to boost their readership, wouldn’t starting a new law school be a better investment? [Talking Biz News]
* Conservative groups are miffed about video of this Democratic party lawyer “attacking” a Republican at the polls and trying to “steal” an election. It seems like he put his hand over the lens of a camera phone, but sure, this is exactly like telling minorities the wrong day to vote. [Bearing Drift]
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: