* “Get these motherf***ing iguanas off my… wait, iguanas? That’s not cool. Maybe we should go with ‘snakes’ or something. Unless you like hotz-pacho.” — conversation I wish happened. [Legal Blog Watch]
* Look, every time a company loses a bunch of money doesn’t mean a crime has been committed. [WSJ Law Blog]
* I actually think that liberals care about property rights just as much as conservatives. It’s just that liberals don’t automatically assume that any use of eminent domain is inherently nefarious. [The Volokh Conspiracy]
* Wait, sometimes my order from Amazon gets delayed because somebody stole it at the post office? [Legal Juice]
* Everybody, let’s say welcome to another publication that has figured out recent law graduates are drowning in debt. [Salon]
My court has, by my lights, made many mistakes of law during its distinguished two centuries of existence. But it has made very few mistakes of political judgment, of estimating how far … it could stretch beyond the text of the constitution without provoking overwhelming public criticism and resistance.
Dred Scott was one mistake of that sort. Roe v. Wade was another … And Kelo, I think, was a third.
* The Ninth Circuit has issued an opinion and order upholding a conscience-shocking 159-year sentence it wishes it didn’t have to affirm. Our opinion is saying no, but our order is saying yes, yes, yes! [Los Angeles Times via How Appealing]
* The world of law school rankings used to be so innocent. With all the Big Ten schools in Group 1, it’s like this year’s football rankings. [TaxProf Blog]
* Apparently blogs contain “sexually explicit language, libelous or defamatory commentary, and outrageous language.” ATL apologizes to all affected employees of the Interior Department. [Federal Times via Volokh Conspiracy]
* Hey, just as long as they don’t crack down on fantasy football websites. [Baltimore Business Journal]
* Speaking of which, if there are two things lawyers and law students while away their non-billables doing, they’re reading ATL and managing fantasy football teams. So you might as well get some advice on the latter from the former. It’s the year of the WR, so start looking at picking up a sleeper such as Berrian, Jennings, Johnson, Cotchery, Brown, Furrey, Jurevicius, Clayton 1, Clayton 2 . . .
* Looks like Kelo v. New London is this year’s defense of marriage, paving the way for eminent domain’s debut on 12 state ballots. [Christian Science Monitor]
* From “[t]he state that gave the world butterfly ballots and the hanging chad,” get ready for another front in the battle of the ballot. How about this: “Dear voters, in order to cast your ballot for the Republican candidate, please mark the box beside ‘Pat Buchanan.’” [Reuters]
* Medical marijuana can prevent Alzheimer’s, apparently. “Those afflicted with Alzheimer’s suffer from memory loss, impaired decision-making,” and misinterpreting commerce clause jurisprudence. [CNN]
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: firstname.lastname@example.org.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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