Recent Headlines from Above the Law
* Her dad’s the ringleader, he calls the shots; she’s like a firecracker, she makes it hot: Since “everything is working perfectly” under pop star Britney Spears’s conservatorship — which has been in effect for the past seven years — it’ll likely stay that way indefinitely. [Us Weekly]
* Well, that was fun while it lasted. The ABA did away with its year-old LSAT exemption rule in record time. Law schools will only have until 2017 to lard up classes with students who haven’t taken the exam. Good luck and Godspeed. [National Law Journal via TaxProf Blog]
* Simpson Thacher isn’t the only Biglaw firm that allegedly blew it when it came to turning hundreds of General Motors’ secured creditors into unsecured creditors. Mayer Brown is also facing twin class-action suits for this $1.5 billion boo-boo. [Crain’s Chicago Business]
* Good news, everyone! The ABA approved a merger between Rutgers Law-Camden and Rutgers Law-Newark, and we’re going to look at this in a positive light because theoretically speaking, there’s now one less law school out there. [MyCentralJersey.com]
* “Are Law Schools Skewing Job Placement Numbers?” In a word, yes. Not to be a complete
pessimistrealist, but come on, you know most school-funded positions exist solely to prop up any given law school’s less-than-pleasing job statistics. [Bloomberg]
* When you’ve taken the lives of so many, no one cares about your sad life story. A Colorado jury inched closer to inflicting the death penalty upon convicted movie theater shooter James Holmes in the second phase of his trial’s penalty portion. [New York Times]
Opportunities abound in Texas.
It’s been a couple of months now. You’d think Cadwalader would make a move.
* Did two little kids get slapped with a lifetime gag order barring them from talking about fracking. But how will they explain their third eye? [The Guardian]
* Private equity firm TPG is suing its former PR man — former Bush spokesperson Adam Levine — for allegedly stealing confidential documents and threatening to leak them to the press. They probably showed where the Iraq WMDs were. [O’Dwyer’s]
* So maybe the blizzard of 2015 fizzled for New Yorkers. But winter’s not over yet — how do you interview in a snowstorm? [Corporette]
* “The Supreme Court’s Billion-Dollar Mistake”? Well, they’re still half a billion ahead of Simpson Thacher. [New York Review of Books]
* Suge Knight accused of murder. Not an archival story. [Los Angeles Times]
* An online CLE on the ethical issues of laterals and collapsing firms. Dewey know any firms who could have used this information? [Bloomberg BNA]
* On Friday, the Supreme Court agreed to evaluate the constitutionality of same-sex marriage, and this is perhaps the definitive article on how the justices have been preparing the nation for marriage equality. Get ready for some big gay weddings this summer. [BuzzFeed]
* Smile for the camera! Kent and Jill Easter, the infamous helicopter-parenting lawyers who went to jail for attempting to frame a volunteer at their son’s school on drug charges, found themselves at the center of a 20/20 story. [ABC News]
* With it being highly likely that the Supreme Court will declare bans on same-sex marriage by the states unconstitutional, people are wondering which justice will be the one the vote hinges upon. Could it be Chief Justice Roberts? [New Republic]
* Come on now, the swing vote in the same-sex marriage cases will obviously be Justice Kennedy. The legal tea leaves have been read, and with his majority opinions in Romer, Lawrence, and Windsor, the future has been foretold. [WSJ Law Blog]
* Steven Metro, the former managing clerk of Simpson Thacher’s New York office, was finally indicted after being charged with insider trading almost one year ago. If you’re interested, flip to the next page to see the juicy indictment. [Am Law Daily]
* In a new report, the Texas attorney general’s office concluded the forgivable faculty loan program at UT Law not only violated school rules, but also “set into motion a lack of transparency that ultimately led to a lack of accountability.” [Texas Tribune]
From distinguished to despicable, who should be Above the Law’s Lawyer of the Year for 2014? Please vote in our poll!
Which firm is acting the Scrooge this year?
So what other leading law firms will follow the Davis Polk bonus scale?