* The first day of jury deliberations in the Rajat Gupta insider-trading case ended without a verdict. Benula Bensam’s boredom is epic — the poor girl can’t even blog about the trial anymore. [Bloomberg]
* Baker & McKenzie is celebrating its 50th year in Toronto, Canada by handing out spring bonuses luring in lateral hires. Welcome aboard to Kent Beattie, formerly of Slavies Davies. [Globe and Mail]
* You can run, you can hide, but you can’t escape Sandusky’s love. Alleged Victim No. 9 testified that he screamed for help in vain while staying in the former coach’s allegedly “soundproof” basement. [CNN]
* It’s hard out here for a shoeshiner: Cooley Law grads suing their alma mater over allegedly misleading employment statistics may face an “uphill battle” when it comes to fraud allegations. [WSJ Law Blog]
* The CEO of Caesars Entertainment has proclaimed that he has “tremendous confidence” that online poker will become legal in the near future. So much for keeping your poker face on that one, eh? [MSN Money]
* Imagine my surprise when I found out that a yet another man in Springfield, MA, was arrested for assault and battery with a dangerous weapon. Here’s the surprise… the dangerous weapon was wasabi sauce. [TIME]
* While “Dewey remains a great firm with terrific lawyers” for the time being, check back in after five percent of the firm’s attorneys have been laid off. Then tell us how great and terrific things are, we dare you. [DealBook / New York Times]
* The University of St. Thomas School of Law really “take[s] data accuracy very seriously.” That’s why the employed at graduation rate the school reported to U.S. News was off by 47.7 percentage points, right? [National Law Journal]
* John Edwards has a judge’s permission to use Rielle Hunter’s lawyers at his campaign finance trial. Mmm, there’s nothing like getting some legal sloppy seconds from your former mistress. [Bloomberg]
* After two days of deliberations, jurors in the Dharun Ravi privacy trial still haven’t reached a verdict. Just think, if he had taken the plea, he wouldn’t be worrying as much about deportation right now. [New York Post]
* If Hemy Neuman’s delusions about Olivia Newton-John were about getting physical, instead of getting murderous, maybe he wouldn’t have been sentenced to life in prison without the possibility of parole. [CNN]
* It’s the most wonderful time of the year: March Madness! Are NCAA bracket pools legal in your office? It depends. Either way, all I know is that I’ll be betting on Lehigh. Go Mountain Hawks! [Businessweek]
We’ve written previously about Vanessa Selbst, a Yale Law Student and professional poker star. She outlasted 716 competitors at the PokerStars.net North American Poker Tour event at the Mohegan Sun. Top Prize = $750K. Now that she’s won more than enough to cover her high-priced legal education, she’s taking a break from law school to concentrate on poker.
You can check out Vanessa’s victory tonight on ESPN2 at 11:00 pm. Or you can catch it online at www.pokerstars.tv. More importantly, you can vote for Vanessa to be one of 27 inaugural “poker all-stars” in a June tournament with a million dollar prize pool. Winning your education funding at the tables seems a lot more noble than asking people to pay you. Click here to vote.
As many of you know, I love poker. I know many of you do too. Vanessa also coaches poker at Deuces Cracked, so I thought I’d take this opportunity to pick Vanessa’s brain about poker and law school. Luckily for Yale Law students, she has a kind heart and won’t be rolling around campus looking to take all of your money. But she could…
Here on Above the Law, we’re running our own NCAA Tournament style bracket about the best cities for practicing law. Please don’t forget to vote — your ATL editors have printed out the brackets and somebody is going to make a killing.
But most of you will be filling out brackets for the real NCAA tournament (you can play against the ATL community here: group name: Atlblog, password: abovethelaw). I’ve got some experience running an NCAA bracket. My firm didn’t participate in an office pool, because that would be gambling. And gambling is wrong. Very wrong.
But if my firm had run an NCAA office pool, my officemate and I would have run the thing every year. We would have negotiated the scoring rules and buy-ins with busy partners and chased down money from paralegals and secretaries for weeks. Yes, my officemate and I would have owned the office pool … if it had existed.
At Allen & Overy, one American has taken it upon himself to run the bracket for a firm full of Brits. In my professional opinion, this guy is doing all the right things. For all the people out there participating in an office pool this month, make sure to steal this guy’s outline:
ITS BACK!!!!! Every year it seems we need a distraction right about now and that beloved tradition known as the NCAA basketball tournament somehow seems to fit the bill. Want to earn an abrasive street name? Want to indoctrinate Kevin and Robert by robbing them of a few quid? Here is your chance to win some adoration and transcend the “pyramid model” for a few weeks. Participating in the pool will give you all this and more. …
Traditional legal disclaimers, adjusted slightly, below.
That’s right, there’s an entire “mini prospectus” that should bring Brits and the non-sporting up to speed. It’s info every office should know …
* A disappointing ruling from the 3rd Circuit for sports gamblers in Delaware. [USA Today]
* L.A. City Attorney Carmen Trutanich wants to make hanging out illegal. [Los Angeles Times]
* Judge Jed Rakoff is becoming a media darling. Another article singing the BofA-bench-slapping judge’s praises. [New York Times]
* Foley & Lardner sued for allegedly revealing trade secrets. [National Law Journal]
* Connecticut prosecutor John H. Durham has been chosen to lead the Justice Department’s investigation into CIA torture of detainees. [Talking Points Memo]
* Four more years for Bernanke. [Washington Post]
You know what would be awesome, if the legal system got its claws out of my online poker “supplementary income” program.
Perhaps the first steps towards the decriminalization of poker have already started. While many states outlaw “games of chance,” the ABA Journal is reporting that some poker players are arguing that anti-gaming laws should not apply to them because poker is a game of “skill.”
A Pennsylvania judge ruled Texas Hold ‘em is a game of skill and acquitted a man who held poker games in his garage, according to CardPlayer.com. And a Colorado jury acquitted the organizer of a poker league after a University of Denver statistics professor testified poker is a game of skill, according to a press release by the Poker Players Alliance.
How is this not a slam dunk argument? Only people who don’t know how to play poker think that it is a game of chance. Luck plays a role, sure, just like in everything else in life.
“Why do you think the same five guys make it to the final table of the World Series of Poker every year? What, are they the luckiest guys in Las Vegas? ”
* This, this, and this from How Appealing on the race in public schools cases argued before the Supreme Court yesterday.
* And for the second straight day, someone blames their crime on bingo. [CNN]
* A “temporary” solution for being burned out on biglaw. [WSJ Law Blog]
* I guess this is kinda like the flip-side of using someone as a human shield. [CNN]
* Always get it in writing, especially when it comes to constitutions. [Jurist]
* It’s not slander if you call him a balding pervert. Or her an opportunist (and probably a desperate one at that — this is really scratching the bottom of the barrel, honey). [Page Six]
* Quakers like to keep their lawsuits confined to townhouse meetings. If you think you knew this because you saw Witness, you are guilty of lumping together all the religious denominations of rural Pennsylvania, and that’s just wrong. [Point of Law].
* The most obscure Baldwin brother, Daniel Baldwin, steals a car — and then some. (Volokh Conspiracy]
* Mitchell Stein, Esq., is one unhappy dog owner. And if you were him, you wouldn’t want this to happen to your dog, would you? On the other hand, it might stop it from humping your leg. [New York Times]
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: