* Bank of America agreed to pay $2.43 billion, one of the biggest securities class-action settlements in history, to put the Merrill Lynch mess behind it. According to Professors Peter Henning and Steven Davidoff, B of A “is probably quite happy with the settlement given that it could have potentially faced billions of dollars more in liability in the case.” [DealBook / New York Times]
* “Oyez! Oyez! All persons having business before the Honorable, the Supreme Court of the United States, are admonished to draw near and give their attention, for the Court is now sitting.” Here is Robert Barnes’s take on the SCOTUS Term that starts today. [Washington Post]
* And here is Professor Garrett Epps’s review of Jeffrey Toobin’s new book on the Supreme Court, The Oath (affiliate link). [New York Times]
* How Dewey justify paying a big bonus to a member of the management team “when it has been widely pointed out that excessive compensation to the firm’s upper management significantly contributed to the firm’s collapse in the first place?” [Bankruptcy Beat via WSJ Law Blog]
* A high-profile Vatican trial raises these questions: “‘Did the butler do it?’ Or rather, ‘was it only the butler who did it?’” [Christian Science Monitor]
* Ben Ogden, an Allen & Overy associate who was killed in a Nepalese plane crash, R.I.P. [Am Law Daily]
There are four justices in their 70s now. Ruth Ginsburg is 79. She’s probably the most likely to leave if Obama is reelected because she’s sympathetic to him politically.
The next two oldest are Justice Scalia and Justice Kennedy who are 76, who probably don’t want to leave if Obama’s president, but they’re starting to get to the age where, you know, you don’t know exactly when your term is up, as they say.
If Congress wants lessons on how things work from Jamie Dimon, they should have to pay him a speaker fee or something.
* Another year, another survey that shows prospective law students care more about the U.S. News Law School Rankings than anything else when applying to law school. In fact, it’s the exact same number from 2010. Kids are dumb. [Kaplan]
* Everybody is worried about what will happen when computers replace attorneys. I’m much more interested in what will happen when computers replace hookers. [The Atlantic]
* If watching our Congress ask idiot questions of Jamie Dimon doesn’t make you feel like we need vastly more intelligent Congresspeople, maybe watching them fawn over Jamie Dimon will do the trick. [Dealbreaker]
* I really hadn’t thought of this — in addition to your huge educational debts, your parents are most likely out there spending your inheritance. I swear, if I ever spend money on more education, it’s going to be on a post-apocalyptic survivalist class. [Law and More]
* Former TSA lady gropes current TSA lady after inappropriate groping from TSA. [Threat Level / Wired]
* In real life, unlike Monopoly, a bank error is never really in your favor. [Legal Blog Watch]
* Do the Republicans have an abortion problem? [New Yorker]
* Happy Birthday, Lat! Check out the very cool gift (affiliate link) that he received in the mail today — signed by one of the authors. [Twitpic via Twitter]
The story of the tangled relationship between Casey Greenfield, a rising star in New York legal circles, and Jeffrey Toobin, arguably the nation’s leading legal journalist, has gone mainstream. Over the long weekend, the New York Times wrote an 1,800-word story on their affair.
Actually, to be fair, the story was mainly about Casey Greenfield and her law partner, Scott Labby, launching their boutique law firm, Greenfield Labby (which has a beautifully designed website, by the way). The firm specializes in what the Times describes as “high-stakes family law,” which includes not just divorce and custody litigation, but “[c]risis management, strategic planning and contract resolution.”
The story of Greenfield and Labby launching a new small law firm is both interesting and inspiring. But, at the same time, it’s one that we’ve seen — and written — before. You can read our earlier write-up of Greenfield Labby’s launch over here.
The most interesting parts of the NYT piece concern Casey Greenfield’s affair with the then-married (and still-married) Jeff Toobin, a long-running relationship that produced a baby boy. The writer, Times reporter Robin Finn, unearthed several juicy, previously unreported details….
To help me get in the holiday spirit, I’ve been catching up on my favorite movies. Some might prefer It’s A Wonderful Life or Miracle on 34th Street, but I can’t get enough of It’s a Wonderful Lifetime and ABC Family’s 25 Days of Christmas. Give me a movie where a D-list celebrity overcomes the holiday blues to discover the meaning of Christmas, the joy of love, and the warmth of family, and I am a happy girl.
After 22 days of non-stop Christmas movie watching, I began to think that only in a movie staring Melissa Joan Hart would someone devote her professional career to tackling an issue she had to overcome. Not so.
When asked about the decision in Bush v. Gore, Justice Antonin Scalia — one of the best legal minds in modern American history — tells questioners to “get over it.” That’s right, the Supreme Court decided the winner of a popular presidential election, and one of the architects of that decision wants people to not care about it anymore. Is he serious? I wish Scalia could just “get over” the fact that privacy is a right now, but nobody begrudges him the right to ask questions about it.
It’s the ten-year anniversary of the Bush v. Gore decision, and everybody is talking about it, in part because the Court does not talk about it. Writing in the New Yorker, Jeffrey Toobin tells us that in the decade since the five “conservative” justices stopped Florida’s recount, the Supreme Court has cited Bush v. Gore exactly zero times. Think about that: it’s been ten years since the Supreme Court picked the president, and the Court is kind of hoping everybody forgets about it. Bush v. Gore is like a stripper the Court killed in Vegas when it was there for a bachelor’s party. “She’s got no friends or family, strippers die all the time in Vegas, let’s get back to the hotel and NEVER SPEAK OF THIS AGAIN.”
But this isn’t some drunk broad you can drive into the Atlantic Ocean and hope everybody covers for you. This is a presidential election! And whether or not they talk about it, the effect of Bush v. Gore is very evident today — and not just because of the five SCOTUS votes that were more important than everybody else’s….
Over on the website of the New Yorker, Jeffrey Toobin has a nice post on how Elena Kagan deftly finessed the “gays in the military” / Solomon Amendment issue while serving as dean of Harvard Law School. It’s an interesting read; check it out here (via Dahlia Lithwick’s Twitter feed).
Alas, these days Toobin is apparently busy with pursuits other than journalism. Over the weekend, the New York Daily News provided a rather salacious update on his alleged affair and resulting love child with Casey Greenfield — the Gibson Dunn litigator, daughter of well-known political pundit Jeff Greenfield, and a media figure in her own right….
Over the weekend, Casey Greenfield — Yale Law School graduate, Gibson Dunn litigatrix, and daughter of political pundit Jeff Greenfield — made a foray into film criticism. Greenfield published a review of the new Jennifer Lopez movie, The Back-Up Plan, in the Daily Beast.
The mother of CNN legal analyst Jeffrey Toobin’s purported love child has written an essay about being a single mom….
It has long been thought that married Jeffrey Toobin—CNN analyst and New Yorker contributor—impregnated Casey Greenfield…. Neither Toobin nor Greenfield has ever confirmed this, which probably means it’s true. This weekend, The Daily Beast published an essay Greenfield about raising the-baby-which-probably-belongs-to-Jeffrey-Toobin. (His name is Rory.)
If litigating for Gibson Dunn (and against Jeffrey Toobin) doesn’t work out for Casey Greenfield, perhaps her “back-up plan” is a journalism career. As noted in her firm bio, “[p]rior to obtaining her law degree, Ms. Greenfield worked for magazines and newspapers in New York and Los Angeles.”
(Maybe she could even land a book deal for a memoir about her affair and subsequent experience as a single mom? That’s one book we’d definitely buy.)
We recently wondered: Is Jeffrey Toobin the Tiger Woods of legal journalism? Like Tiger, he’s phenomenally talented and successful, the biggest name in the game. And, if news reports are correct, Toobin — a legal writer for the New Yorker, a political analyst for CNN, and the author of several bestselling books — may share Tiger’s weakness for women and wandering eye.
The big Jeff Toobin story is his alleged affair with Casey Greenfield, the daughter of political pundit Jeff Greenfield and an associate at Gibson Dunn. This romance resulted in a child that Toobin is allegedly refusing to support, according to Casey Greenfield — who just took Toobin to court over it.
Last weekend, the New York Daily News wrote about Toobin’s purported advances towards “a well-known media figure.” According to Rush and Molloy, Toobin made a proposition to this woman that was so crude as to be unprintable, even by the Daily News — and that’s saying something. (The folks at Gawker were less inhibited.)
So, who was the mystery media figure Toobin found so alluring?
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 seven years. You can reach them by email: email@example.com.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.