I’m somewhat reluctant to criticize other people’s bad financial decisions, having made so many atrociously dumb decisions in my own life. My financial stupidity isn’t even in the past tense — I have a brand-new PS4, but I’m waiting until the new year when my Flexible Spending Account resets to go to the doctor.
On the other hand, sometimes it takes an idiot to spot an idiot (I just made that up). At the very least, I’m somewhat uniquely qualified to identify which financial mistakes are “common” among the financially illiterate, versus the mistakes that take a special kind of dumb.
There are a few articles making the rounds today: there’s a Salon article trying to explain why law schools are comfortable scamming their students, and there’s a Forbes article making the stupid “now is a good time to go to law school” argument (which should make smart people roll their eyes). We’ve been down those roads before.
But we also have an article from a guy who says law school was the start of his financial downfall. He doesn’t blame law school, which is good, because I’m pretty sure he’s got nobody else to blame besides himself. And maybe his ex-wife….
South Park metaphorically linked the 2004 election to a matchup between a turd sandwich and a giant douche. As bad as the Bush era had become, John Kerry came across as such a self-righteous tool it was hard to get swing voters psyched up to vote one way or the other. I think of this episode today as I approach the tale of two lawyers sniping at each other over Facebook about whether a woman deserves to have her parental rights terminated. It’s not that I think either is really wrong, as much as both of them exhibit the worst of their respective positions in their online feud.
So what did one entitled Biglaw lawyer say about a poor client, and what did a self-righteous public interest lawyer say in response? All bets final once you read past the jump….
For those too young to remember, allow me to explain. It wasn’t until Ryan White that Ronald Reagan even knew what AIDS was. The sick kid from Indiana prompted President Reagan to, in one of his famous fireside chats, declare war on the disease. That war was won two years later with an armistice signed in Paris by emissaries from both warring nations. Anyway, that’s why we have parades all the time now.
Fast forward, like, 70 years, and we arrive at last week. A larcenous little leukemia survivor stole our collective hearts with a day of make-believe so unbelievably rich, the Muppet Babies have considered filing a copyright lawsuit. The child, with a real name no one cares about and the fake name “Batkid,” was allowed to run around the entire city of San Francisco while denizens of that city (mostly homeless bums) pretended that he was a superhero. He rescued a damsel in distress, helped to arrest the Riddler, and finished the day off by murdering the Penguin in cold blood. JKJKJK. The Penguin plot line had something to do with the San Francisco Giants mascot.
Anyway, the sickly little scamp had a helluva day and made everyone feel like a million bucks. All because of pretend.
And no one pretended harder than the U.S. Attorney’s Office….
The kids here only look this happy because there are strippers off camera.
A mom reportedly hired strippers to show up at her 16-year-old’s birthday party, and she’s being charged with a crime. This is why we can’t have nice things. Shouldn’t kids learn how to objectify women in a controlled and safe environment with adult supervision, or do you really want them learning that stuff out on the street from Hannah Montana?
New York mom Judy H. Viger allegedly hired strippers to perform at the bowling alley where her son was having his party. The strippers allegedly performed lap dances. Viger was charged with child endangerment; her lawyer claims that she will cop to a plea. Child endangerment!
Like “I’m going to beat you with this switch” endangerment, only instead of a switch the kids got hit with fake stripper boobs….
* Legal education needs to adapt to reflect the fact that 50 percent of law students don’t intend to use their law degrees to work in traditional legal fields. In other words, legal education needs to adapt to people too stupid to figure out the only jobs that require a law degree are those in traditional legal fields. [New York Law Journal]
* Harvard is hosting an event on the “business of college sports.” You can learn all about the business of college sports from this video right here. [Sports Agent Blog]
For the past few years, members of the mass media have been continuously harping on how difficult it is for law school graduates to secure jobs after graduation. After all, only a little more than half of the class of 2012 managed to find jobs as lawyers, and the class of 2011 didn’t fare much better.
Joblessness can have real life consequences other than the inability to repay law school debts owed to the government or private lenders, and contrary to popular belief, it’s not just graduates of lower ranked schools that have faced significant hurdles in the job market.
Today, we bring you the story of a young mother, a 2011 Ivy League law school graduate, who just lost custody of her son because she moved to another state to take the only job she was able to find. We’re afraid that this is the “new normal” for law school graduates…
Nobody wants to take my side when I say that humiliation should not make you legally culpable for somebody else’s suicide, but I hope we’re all starting to see the dangers of letting these anti-bullying laws (and the scared parents who support them) go unchecked and unopposed. As seen around the internet, a Texas high school football team is being investigated for “bullying” another team that it beat 91-0.
That’s right folks, one parent thinks that running up the score in high school football could be bullying. I bet that parent is also pissed off that little Johnny didn’t get a participation trophy for being on the losing side of a 91-0 score. There are any number of valuable lessons children can learn from a total defeat. These include: getting back on the horse after getting knocked down, the value of a lost cause, hell, even learning when to quit because you are completely outmatched and might hurt yourself is a useful lesson in cultures that value living to fight another day.
But no, this parent wants the kid to learn that even when you get the snot kicked out of you, fair-and square, you should still figure out if there’s anybody you can whine and complain to because the mean boys didn’t let you have a touchdown.
Since this is Texas, I’m forced to blame Ted Cruz: obviously his sore loser approach to national politics is starting to affect his constituents…
I’ve been out with the flu, which leaves me a lot of time to look up funny YouTube videos. I have no idea what sick people did before NyQuil and YouTube, but they probably died.
In any event, there’s a fun clip going around where a four-year-old recites the most famous courtroom speech of our generation. If you don’t know what speech I’m talking about, well, you probably can’t handle the truth…
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.
It’s the legal profession’s equivalent of a long-term relationship.
When Michelle Waites, Senior Patent Counsel for Xerox Corporation, attended The LGBT Bar’s Lavender Law conference several years ago, she wasn’t sure what to expect. She left having forged a lasting business relationship that still endures today.
It was during The LGBT Bar’s event – an annual gathering of more than 1,600 lesbian, gay, bisexual, transgender and allied legal professionals – that Waites first met Marla Butler, a partner at Robins, Kaplan, Miller & Ciresi LLP, who specializes in patent law.
Today, the two are still close friends as well as professional colleagues. Butler’s firm continues to work with Xerox – a business partnership forged via The LGBT Bar.
On November 19th, The Bar will present its first-ever conference outside the United States. Dubbed “A Lavender Law Experience for Europe,” the day-long Business Legal Conference will replicate programs such as the one that brought Waites and Butler together for legal professionals in Europe.
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: