A new year, a new job. That seems to be the thinking of many within the legal profession, based on the proliferation of professional moves we have to report (and not just out of Howrey).
We’ll start with one move that’s aspirational rather than actual. Legal and political superstar Ted Cruz — the Morgan Lewispartner who heads the firm’s Supreme Court and appellate practice, and who was recently named one of the 25 greatest Texas lawyers of the past 25 years — will run for the U.S. Senate seat being vacated by the good senatrix Kay Bailey Hutchison (R-TX). Check out the announcement on his website, or read this BLT post.
Like many lawyers turned politicians, including our current president, the 40-year-old Cruz is a Harvard Law grad (and one of The Elect — Rehnquist / OT 1996). Graduates of HLS’s rival to the south, Yale Law School, tend to take more quirky paths.
That brings us to the second move of the day. YLS grad Yul Kwon — a former Second Circuit clerk and McKinsey consultant, the first Asian-American winner of Survivor, and one of People’s “sexiest men alive” (in 2006) — has left the Federal Communications Commission. Kwon served as deputy chief of the consumer and governmental affairs bureau at the Commission.
Reed E. Hundt, who served as chairman of the Federal Communications Commission from 1993 to 1997, will be joining Skadden Arps. He most recently served as a senior advisor on information industries to McKinsey & Company, the elite consulting firm. (For a more detailed description of Reed Hundt’s illustrious career — Yale College ’69, Yale Law School ’74, partnership at Latham & Watkins, etc. — see the biography on his personal website.)
Hundt made the announcement this morning at the YLS alumni reunion, where he was serving on a panel on the regulatory process. Professor Thomas Merrill, moderator of the panel, introduced Hundt as a senior adviser to McKinsey. Hundt interjected to note that he’s moving to Skadden — and joked that this was a good opportunity to plug his new practice. He didn’t specify which office he’ll be based out of, but we’re assuming D.C.
It doesn’t seem that the move was public before this morning (at least based on Google News, a search of the Skadden website, and a search of Law.com). But it is now.
Congratulations and good luck, Chairman Hundt! Alumni Weekend – Schedule of Events [Yale Law School]
But the SCOTUS ruling wasn’t a complete loss for free speech advocates:
But the court, in a 5-4 decision Tuesday, is refusing to pass judgment on whether the Federal Communications Commission’s “fleeting expletives” policy is in line with First Amendment guarantees of free speech. The justices say a federal appeals court should weigh the constitutionality of the policy.
Justice Scalia delivered the opinion for the 5-4 majority.
* The FCC has eliminated the requirement for Amateur Radio Operators to know Morse code. That is the actual headline of this blog entry, for those of you who complain of the wasted five seconds it takes to click on a link, only to realize you were completely misled. [Jim N Texas!]
* I never understood the reality of a record being “sealed” anyway… If that hilarious yet illegal adolescent escapade is in an official record, sealed or not, it’s not going anywhere. [Pittsburgh Post-Gazette via How Appealing]
* Do not worry, I will not indulge in any sue/Sioux homonym fun. For the record, it’s absurd that we haven’t ridden ourselves of such disrespectful team names, nicknames and logos that also recall a less-than-glorious history. [AP via Yahoo! News]
* The Italian legislature has decided average consumers/modelling agencies/fashion folks can’t decide for themselves what is or is not attractive, thus depriving underweight 16-year-olds from achieving world domination. [Reuters via MSNBC]
* Authorities have a suspect in custody for the Ipswich prostitute murders. So if you’re a prostitute in Ipswich, you can breathe a sigh of relief. (At least with respect to a serial killer; we hate to break it to you, but you don’t exactly have the safest job in the world.) [The Times]
At the end of [a recent] skit [on "Late Night With Conan O'Brien"], in a line Mr. O’Brien insists was ad-libbed, he mentioned… www.hornymanatee.com.
There was only one problem: as of the taping of that show, no such site existed. Which presented an immediate quandary for NBC: If a viewer were somehow to acquire the license to use that Internet domain name, then put something inappropriate on the site, the network could potentially be held liable for appearing to promote it.
In a pre-emptive strike inspired as much by the regulations of the Federal Communications Commission as by the laws of comedy, NBC bought the license to hornymanatee.com, for $159, after the taping of the Dec. 4 show but before it was broadcast.
Video footage? Still photographs? We’d like to see the record on appeal in this case:
Lawyers for CBS Corp. argued Monday that singer Janet Jackson’s breast-baring at the Super Bowl halftime show in 2004 was unintended, took place without the knowledge of the network, and should not be considered indecent.
CBS is suing the Federal Communications Commission in the 3rd U.S. Circuit Court of Appeals in Philadelphia, challenging a $550,000 fine issued by the agency over the stunt, which created a national furor.
Third Circuit clerks: lucky dogs. They get to ogle celebrity breasts and call it “research.”
(Yeah, this news is several days old. But it’s the Friday after Thanksgiving, so the bar is set pretty low. Our posts today are going to be even more random than usual.) Update: The Third Circuit subsequently vacated the FCC fine. CBS Suing FCC Over Janet Jackson’s Boobgate [Access Hollywood]
Howard Bashman offers a preview of the upcoming Supreme Court Term at Law.com. And based on the cases on the oral argument calendar so far, October Term 2006 isn’t looking terribly exciting. The more things change, the more they stay the same.
Here’s our irreverent digest of Bashman’s lengthier analysis: Lopez v. Gonzales, Toledo-Flores v. United States: Question presented: What kind of drug crime can get a guy booted back to Mexico? (If this sounds familiar, it should; every Term the Court has some Latino-surnamed case raising a variant of this issue.) Ornaski v. Belmontes: Question presented: How early in the Term can Judge Reinhardt get reversed? MedImmune, Inc. v. Genentech, Inc. Question presented: In order for a patent licensee to litigate the validity of a patent, can they merely flip the patent holder the bird, or do they actually have to go ahead and breach the license agreement? BP America Production Co. v. Watson: Question presented: Have you ever heard of the federal Mineral Leasing Act — and if so, do you care? (We didn’t think so.)
More case summaries, after the jump.
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: email@example.com.
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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