Recent Headlines from Above the Law
* It’s time to start shutting down law schools, but this clearly isn’t something that the American Bar Association is ready to act on. After all, new schools keep popping up, and the ABA keeps accrediting them for reasons beyond understanding. [Bloomberg Business]
* At the end of a landmark Term at the Supreme Court, some presidential candidates are fanning the flames of voters’ fears. Linda Greenhouse asks, “[W]hat, exactly, are people supposed to be afraid of now? A same-sex married couple with affordable health insurance?” [New York Times]
* Eric Holder will return to Covington & Burling, the Biglaw firm from whence he came, and he’ll be there “until [he] decide[s] [he’s] not going to be a lawyer anymore.” This crazy guy says he’d even turn down a SCOTUS nom to continue working there. [Am Law Daily]
* Congrats to Skadden, the firm that ranked numero uno in worldwide deals according to Bloomberg’s quarterly M&A league tables. Davis Polk finished $93 billion behind that, but hopefully the bonuses will be just as sweet this winter. [Big Law Business / Bloomberg]
* If you’re planning to enter law school at the end of the summer — especially if you’re a gunner in training — there’s no better way to spend your last months of freedom than to read one (or all of) these law prof-recommended books and papers. [Washington Post]
Cybercrime estimated losses are as much as $2 trillion so it is no surprise that most law firms who hold client data and intellectual property are reluctant “to publicly discuss cyberintrusions and the lack of data breach reporting requirements in general in the legal industry”…
Bonus news being announced this late can’t be good, right?
How much does law school pedigree correlate with other measures of law firm “success”?
How does expected talent (as measured by law school credentials) correlate with other indicators of “success” (as measured by profits per partner)?
* A student at Barry Law claims someone stole her phone and used it to call an African-American blogger an N-word on Instagram. We’ll have more on this believable story later. [Miami Herald]
* Mark Wahlberg wants to be pardoned for a crime committed before he was known as Marky Mark. He should also consider asking to be pardoned for The Happening and Planet of the Apes. [CNN]
* The job market was flat last month, and in 2014, the legal sector lost 3,000 jobs. Don’t worry, you’ll get a job eventually, per the hopes and prayers of your career services employees. [Am Law Daily]
* Shine bright like A. Diamond: Howrey’s bankruptcy trustee says he’ll have a confirmed creditor-repayment plan “well before” the end of next year. [WSJ Law Blog]
* iF*ckedUp? The last named plaintiff in the Apple iPod class action may not have bought an iPod during the time period at issue in the suit. [Bits / New York Times]
* We suppose that with new tech comes new logos, because Covington & Burling is dropping the “& Burling” for global branding purposes. [National Law Journal]
* Now that we know Eric Holder is resigning, there’s been speculation as to where he’ll go next. The obvious choice is a return to Covington & Burling, but he could still surprise everyone. [National Law Journal]
* “Judicial campaign cash is burning a hole in the Constitution.” State court judges are pumping money into their election campaigns, and some have been left to wonder about its true price. [New York Times]
* Details have emerged as to conditions that must be met for Bingham McCutchen’s proposed merger with Morgan Lewis: partner promises, de-equitizations, and forgivable loans, oh my! [Reuters (sub. req.)]
* In the wake of Dean Makau Mutua’s decision to step down at Buffalo Law, a “deep rift” among faculty has been brought to light. The school’s future doesn’t seem as “bright” as we were one told. [Buffalo News]
* A former law student who was falsely identified as a porn star on the radio had her day in court and pulled out a win. Here’s the money shot: she’s walking away with $1 million in damages. [Kansas City Star]