* Sweet billable hours: Congrats to Proskauer Rose on its efforts to keep the Buffalo Bills in Buffalo, New York. It’s the largest deal for the sale of an NFL team in history. [Am Law Daily]
* Your firm brings in billions in verdicts, but that’s not prestigious enough. It needs to be on the inaugural list of America’s Elite Trial Lawyers. See if yours made the cut. [National Law Journal]
* The best way to dodge traps in the LSAT analytical reasoning section is to display your analytical reasoning capabilities by not taking the LSAT in the first place during a time when law schools are in turmoil. [Law Admissions Lowdown / U.S. News]
* Law professors Zephyr Teachout (Fordham) and Tim Wu (Columbia) were defeated in the Democratic primary election for New York governor and lieutenant governor, but they lost well. [New York Daily News]
* The world wants to know if Ray Rice can be prosecuted for domestic violence, even though he’s enrolled in a pre-trial intervention program. Like the answer to all legal questions, it depends. [WSJ Law Blog]
The results are in. It turns out that a snazzy, mass-transit ad campaign mocking elites is not enough to turn around an entire law school. Law school applications are down because law school isn’t a good value, not because law school hasn’t been correctly marketed to prospective students.
It looks like Suffolk Law is going to have to face the music. The university has already replaced its president. Now the law school is offering buyouts to tenured faculty and professors with renewable contracts…
* Judge Posner dished out a whole lot of benchslaps at yesterday’s Seventh Circuit arguments over Indiana and Wisconsin’s bans on same-sex marriage. [BuzzFeed]
* Major U.S. and Canadian law firms chow down on Burger King’s whopper of a deal with Tim Hortons. [Am Law Daily]
* A recent Delaware court ruling on attorney-client privilege might allow in-house lawyers to speak more freely about wrongdoing at their companies, according to Professor Steven Davidoff Solomon. [DealBook / New York Times]
* The corruption trial of former Virginia governor continues; yesterday Bob McDonnell’s sister took the stand. [Washington Post]
* A favorable evidentiary ruling for Aaron Hernandez. [Fox Sports]
* And good news for Zephyr Teachout and Tim Wu, the two law professors running for governor and lieutenant governor of New York: the Times dissed their opponent, Andrew Cuomo, with a non-endorsement. [New York Times]
* I recently spoke with one of my cousins Joao Atienza of the Cebu Sun Star, about Above the Law and the world of legal blogging. [Cebu Sun Star]
So, it appears that there are some people who have ignored my advice and are about to show up to law school anyway. Still more people never heard my advice from their pre-law advisor/philosophy major. Welcome to the suck.
Well, there’s nothing for it now. You’re in it now and if you have chosen poorly it’ll be years before you fully realize the gravity of your decision. In the meantime, what are you supposed to do now? Classes are starting and… hey, are you briefing a case? Are you briefing a freaking case before classes even start? Jesus. PUT THOSE HIGHLIGHTERS DOWN.
You’ve heard about “outlines,” right? Outlines allow you to copy other people’s work so you don’t have to do it yourself. This is the way of things. I say, cheating is the gift man gives himself.
Yes, there are going to be a lot of Simpsons references this week.
Moving on, it’s back to school time, which means campus brick-and-mortar bookstores all across the country are actually seeing some business. Forcing students to buy physical books is a good business to be in. The utility of running a textbook scam can be explained in one helpful chart:
You can blame your professors for this. Every student can get every case they need with a complimentary legal search password (thanks to our advertisers), yet professors still assign reading from casebooks. Even more incredibly, professors still write casebooks! And then those casebook publishers go out of their way to rip off students with multiple editions. There was even a cockamamie plan to prevent casebook resale that had to be beaten back by public outrage.
But, professors can also help students avoid unnecessary and costly book fees. Faculty members at one school fought back against their administration on behalf of their students…
* Full, fair, and independent: In a St. Louis Post-Dispatch op-ed, Attorney General Eric Holder promised “robust action” in Ferguson, Mo., in light of Michael Brown’s killing. [National Law Journal]
* Biglaw firms have taken notice of the crowdfunding scene, and some have started up their own practice groups dedicated to the cause. Goodwin Procter just got in on the ground floor. [Crowdfund Insider]
* Who will be honored with induction to the American Lawyer’s Legal Hall of Fame in 2014? Take a look at a list of past winners of the title to see if you can guess which legal luminaries will be next. [Am Law Daily]
* “We are actively investigating. We will not rest until we bring this case to a close.” Police still have no leads or suspects in the tragic murder of FSU Law Professor Dan Markel. Sad. [Tallahassee Democrat]
* Is your fantasy football league legal? Like the answer to all questions of law, it depends. Not for nothing, but we’re willing to bet that you won’t really care if it’s legal if it’s going to impede on your fun. [Forbes]
* They’re making The Devil’s Advocate into a TV show. That is all. [io9]
* Lingerie brand is suing its former lawyer for screwing up its patent filing. What a boob. [NY Post]
* Chris Kluwe and the Minnesota Vikings have reached a settlement to avoid potential embarrassment. Now if only they could reach settlement with the Packers for the same reason. [NBC Sports]
* The world of raising hogs meets the Eighth Circuit. The fifth “H” stands for what the hell? [The Legal Geeks]
* Shares in Taser have gone up 25 percent since Michael Brown’s shooting. Oh, remember Taser? The company that makes a product that stops fleeing suspects without executing them? Looks like the market is expecting a sea change in how police do business. [Lawyers, Guns & Money]
* Jesus. A teenager who waited in jail for three years pending trial died in solitary confinement at Rikers Island when his heart exploded. A new lawsuit alleges that the prison just ignored the condition. So much for innocent until proven guilty. [Gawker]
[I]f you’re in law school because you didn’t know what else to do after your BA, because you hate Math (and erroneously think Law doesn’t requite Math skills) and the sight of blood, therefore couldn’t be a physician, and have no goal other than to make a lot of money, and if you dislike work but have always relied on your IQ and adrenaline to ace all your courses, well, you chose the wrong generation to go to law school. Get thee out now whilest a partial refund of tuition is still available.
On Friday, special prosecutor Michael McCrum secured an indictment of Texas Governor Rick Perry. Perry, whose 2012 campaign is the first abortion Republicans have celebrated in years, is accused of coercion and abusing his office when he threatened to, and subsequently did, revoke funding for the Public Integrity Unit. That unit is charged with rooting out government corruption, and Perry took away its budget because the district attorney in charge of the unit — a Texas Democrat — was convicted of drunk driving and wouldn’t step down. Perry thought she should leave her post because she had lost the public trust over her conviction and not at all because she had been investigating possible corruption related to Perry’s signature project, the Cancer Prevention and Research Institute of Texas.
If you don’t think this is shady and improper, you’re a hyperpartisan for Perry. Entirely obliterating the agency charged with protecting citizens from official corruption because you don’t like the person in charge — for whatever reason — smacks of overreach. Imagine Congress and the President zero-funding the Supreme Court because they wanted one justice to resign. It’s just cockroach hunting with a bazooka.
Still, is it criminal as opposed to just shady? That’s a different question. Law professors weigh in….
In early July, we broke the news that Cooley Law School would stop accepting first-year students at its Ann Arbor campus and would begin conducting faculty and staff layoffs due to continuing declines in both enrollment and revenue. At the time, the school had “no plans” to completely close the campus.
At the end of July, however, Cooley Law notified its Ann Arbor students there may be a “possible consolidation” of that campus with other Cooley campuses, three of which exist in Michigan.
It’s now mid-August, and the foreboding promise of layoffs has finally come to fruition. How many heads will roll thanks to this law school’s “right-sizing” plan? Our sources say the damage is “massive”…
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: