While most of you are busily reading about the latest effort from U.S. News to calculate with the incalculable, applying its formula to tease out razor-thin distinctions between law schools, you’re missing the demise of the once lauded Internet prediction site, InTrade. What were the odds?
Over the weekend, the Irish-based website shuttered itself completely, noting in a statement to customers that there may be “financial irregularities.” Uh-oh.
All this comes at the worst possible time for InTrade customers, who were looking to cash in on that sweet, sweet Conclave action…
I’m an old smelly sock, and I’m proud. And I think it’s time to stop the nonsense. After two years of almost relentless attacks on socks, a bit of perspective would be nice.
For at least two years, the popular press, bloggers, and a few sensationalist sandals have turned old smelly socks into the new investment banks. We entice bright young students into our stinky clutches. Succubus-like, when we’ve taken the sweat we want from them, we return them to the mean and barren streets to fend for themselves. Barefoot.
The hysteria has masked some important realities and created an environment in which some of the brightest potential lawyers are, largely irrationally, forgoing the possibility of a rich, rewarding and, yes, profitable, career.
I’m an old smelly sock, and I miss all those bright potential lawyers.
* “[L]awyers aren’t trained as accountants,” but Gibson Dunn, Freshfields, Drinker Biddle, and Skadden may have some splainin’ to do when it comes to Hewlett-Packard’s M&A blowout with Autonomy. [WSJ Law Blog]
* Looks like it’s time for some holiday musical chairs: Dorsey & Whitney’s managing partner Marianne Short will be leaving the firm at year’s end to join UnitedHealth as its chief legal officer. [Twin Cities Business]
* The court-ordered mediation between Hostess and the bakers’ union broke down last night. If Judge Drain approves the company’s liquidation plan, the Twinkie may disappear from whence it came. [Reuters]
* You shall not pass — or use Lord of the Rings characters in online gambling games! J.R.R. Tolkien’s estate is suing Warner Brothers for $80M over improper licensing of the late author’s characters. [Bloomberg]
* Please don’t tickle me, Elmo. One week after an accuser recanted his allegations against puppeteer Kevin Clash, another one filed suit over an underage sexual relationship. [Media Decoder / New York Times]
* There’s nothing like some man-on-man sexual harassment to get you going in the morning. Sparks Steak House paid $600K to settle charges lodged by 22 male servers over an eight year period. [Corporate Counsel]
* Seems like this pulchritudinous plaintiff’s contract case is still kicking, and Emel Dilek testified that sleeping with the boss was “absolutely not” one of her roles during her time at Mercedes-Benz. [New York Post]
* Lululemon and Calvin Klein have settled their patent spat over elastic waistbands on yoga pants. Here’s hoping the Canadian yoga-wear company turned this lemon of a lawsuit into lemonade. [Businessweek]
* What do divorcées do in their spare time? They go to Florida’s $350M courthouse to spray paint it with broken hearts and notes for the judge who presided over their proceedings. [Riptide 2.0 / Miami New Times]
Chris Christie, that redundant rotundity, has taken a vicious beating this week. The party of personal responsibility has personally held him responsible for Mitt Romney’s defeat. And it’s easy to see why. Instead of traveling to Pennsylvania to stump for Romney, he stayed behind in New Jersey so he could spoon some more with President Obama. What does it profit a man who gains a friendship with Bruce Springsteen, but loses his party the presidential election? Hell if I know.
Loads of people are saying that Christie blew his chance at ever being nominated by the Republicans because of his a-hugging and a-kissing on President Obama. I don’t know about all that. The fact is, Christie has and had about as much a chance at the Republican nomination for president as Rudy 9-11 before him. Just as that lisping vampire couldn’t have won a nationwide nominating process if the excess saliva in his mouth depended on it, so too was Christie doomed. The sort of abrasive politics that Christie practices may have found its level in the New Jersey governorship. And that’s probably okay.
* Concussion litigation expert Paul D. Anderson discusses the nitty-gritty of all those football players suing because their job may have gave them brain damage. [Legal Blitz]
* In unnerving lawyer news, a Seattle litigator was arrested on accusations of sexually assaulting a masseuse at knifepoint. [Komo News]
* And on the other side of the country, a Pennsylvania attorney was specifically targeted in a home invasion that left him in the hospital with gunshot wounds. What is wrong with people this week? [Philadelphia Inquirer]
* This whole disastrous domestic dispute-turned-shooting could have been avoided by marrying a dog-lover instead of a cat lady. [Legal Juice]
* Casino magnate Sheldon Adelson explains why he’s putting all his chips on Mitt Romney. [Huffington Post]
* Here are some tips on acing your call-back interview. Seriously though, you really only need one item: a Trapper Keeper. [The Careerist]
While liberals and the “lamestream media” are fixated on the planks dealing with “abortion” and “gay marriage,” the platform includes some lower-profile planks worth checking out. Here are five that stuck out to me as a lawyer….
Ed. note: This new column is about sports and the law. You can read the introductory installment here.
In June of 2005, my girlfriend asked if we could go see War of the Worlds. Tom Cruise was flying high, engrossed in a love that would last forever, and starring in a blockbuster that was getting okay reviews. While I was never a huge fan of popcorn movies, I relented. After two solid hours of explosions and other loud noises, I walked away surprisingly impressed with the effort. While the Academy may ignore this film, I thought, I had had a damned good time. The very next weekend, I visited home and caught up with my father. I told him that I thought War of the Worlds was pretty enjoyable and, since I knew he had seen it with my mother recently, I asked him if he agreed. His face puckered sourly and he muttered “No…no.” Then I launched into a litany of guesses, all wrapped in a pseudo-intellectual pose, as to why he disliked the film. Well, sure, it was a silly action movie, but you could do far worse. Spielberg may have “grown up”, but he was still a populist director at heart and quite good at directing the kind of movies that Michael Bay was consistently f**king up. And sure, it wasn’t deep and didn’t leave me with anything besides the faint memory of two enjoyable hours. But wasn’t that enough? Dad patiently sat there as his son prattled on for a bit. When I was finally winded, he said “You want to know why I hated that movie? You know that scene in the beginning where Tom Cruise is playing catch with his son?” Sure, I replied. “Well, Tom Cruise throws a baseball like a goddamned girl. He pushes the thing. PUSH. PUSH. How did you not catch that!? It’s plain as day. And I’m supposed to think he’s a hero!?”
Every time the NFL or the NCAA gets involved in the law these days, you can bet there is going to be some pungent BS coming from heads of our national sports. Whether it’s the NCAA slamming Penn State without due process, or the NFL allegedly defaming one of its players (after punishing him without due process), sports leagues treat the law like so many high school jocks treat nerds: keep punching it until it stops talking.
Usually, the sports leagues look most ridiculous when they try to legislate the morality of their employees. As if anybody besides children and the easily deceived really care how their favorite players live on Monday through Saturday, so long as they come to play on Sunday.
Sundays are of course important. Because in addition to civic pride and fantasy points, there are quite a lot of Americans who have real money on the line when it comes to football. That’s a fact NFL executives are very well aware of… why do you think the league requires teams to make detailed injury reports before the betting lines are set?
But the NFL has to keep up appearances that they oppose gambling on their games, which is why they have objected to Governor Chris Christie’s entirely reasonable proposal to bring sports betting to New Jersey.
Yeah, non-gamblers might be surprised to learn that New Jersey doesn’t already allow sports betting, but you wouldn’t have the Sopranos if gambling was legal in the Garden State….
* Obama’s win for health care reform didn’t result in a polling bump for him, but it did result in an even higher disapproval rating for SCOTUS, at least as far as Republicans are concerned… [POLITCO; CBS News]
* … which may be why Chief Justice John Roberts escaped to “an impregnable island fortress” to avoid the Right’s fury, criticism, and scorn as soon as he could after the ACA opinion dropped. [New York Times]
* “[W]e have learned from the mistakes that were made.” That lesson only cost a few billion dollars. GlaxoSmithKline will pay $3B in the largest health-care fraud settlement in U.S. history. [Wall Street Journal]
* After losing a bid to quash a subpoena, Twitter has to turn over info about an #OWS protester’s tweets. OMG, please respond to that thing in 140 characters or less. [Bloomberg]
* Unlike most recent law school grads, Yale Law’s Vanessa Selbst hasn’t been hedging her bets in bar prep classes. Instead, she went all in, played her cards right, and won $244K at the World Series of Poker. [ESPN]
* Divorce really does bring out the best in people. Alec Baldwin says that if given the chance, he would murder his ex-wife Kim Basinger’s lawyer “with a baseball bat.” Gee, tell us how you really feel. [New York Post]
For some women, designer shoes are like works of fine art. With soles that can warm any fashionista’s soul, designer shoes are things to be cherished, nay, worshipped. And if you’re wise, you already know better than to mess with a woman’s shoe collection — especially a woman whose million-dollar shoe fetish inspired her to brand her groin area with a red-soled Louboutin tattoo. But unfortunately, some men still haven’t gotten the memo.
In a hand that professional poker player Beth Shak probably wishes she hadn’t been dealt, her ex-husband has decided to go all in with claims made in a new lawsuit against her. Hedge fund manager Daniel Shak, of SHK Asset Management, isn’t hedging his bets when it comes to allegations that his ex-wife hid a costly collection of designer assets in a “secret room,” thereby shielding her from forking over the big bucks in their divorce settlement.
What does this pretty poker player’s ex-husband seek, and just how many pairs of shoes does Beth Shak own?
When Chintan Panchal decided to leave a global BigLaw partnership to start his own firm, he could only hope that he would face the high-quality problem of firm building that many had cautioned him about. Focused on the uncertainty surrounding of a new firm launch, he decided to tackle staffing needs, IT challenges, and financial planning requirements after he had built up his legal practice.
Panchal Associates LLP–a corporate/finance and outside general counsel boutique–was quickly off to a great start. Clients and matters were flying in the door, and Chintan soon had a team of lawyers and staff with a variety of operational needs. To continue building an excellent team and provide them with a competitive benefits package, to expand his physical presence to include a European practice and additional partners, and to scale his operations and IT capabilities to support this growing enterprise brought with it demands of time, money, and expertise. Chintan knew he needed help.
“With the assistance of NexFirm, we have upgraded the capabilities of our firm to meet, and in some cases exceed, the standards we were used to at our former BigLaw firms. Operationally, we can now attract and service clients we didn’t have the bandwidth to support in the past, and continue to build our team with the best and brightest legal talent in the industry,” said Chintan Panchal, adding “It has worked out quite well in our case; NexFirm is an essential partner for us.”
The holiday season is upon us, and yet again, you have no idea what to get for the fickle lawyer in your life. We’re here to help. Even if your bonus check hasn’t arrived yet, any one of the gifts we’ve highlighted here could be a worthy substitute until your employer decides to make it rain.
We’ve got an eclectic selection for you to choose from, so settle in by that stack of documents yet to be reviewed and dig in…
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.
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