* Squire Patton Boggs may be lobbying for Ebola drugs, but Reed Smith has launched a Global Ebola Task Force. Don’t worry, folks, the firm doesn’t want to “sensationalize” the outbreak. [Washingtonian]
* Hong Kong is great for lawyers interested in corporate misconduct. “I’ve barely had a weekend off for the last eight months,” says this partner who’s really excited about a not having a life. [Bloomberg]
* As we noted, New York is considering adopting the Uniform Bar Exam. Touro Law’s dean thinks the format change could be “jolting” for students, but the head of the NY BOLE doesn’t agree. [WSJ Law Blog]
* Wayne State Law is freezing tuition and giving a scholarship to incoming students that’s equal to a 14 percent tuition cut. That’s one way to combat a 13 percent drop in enrollment. [Detroit Free Press]
* Whittier Law is one of the “most challenged” when it comes to its graduates’ ability to obtain legal employment. Just one in four students gets to be a lawyer after graduation. [Orange County Register]
We talk a lot about the high cost of a legal education. Not only is it bankrupting students, but it severely cripples the profession by funneling students away from potential careers in lower paying work for the underprivileged or work in underserviced geographic areas — or at least funneling students into those careers for longer than the civic-minded student might want. So we applaud law schools that slash tuition.
Unfortunately, one of the illustrious T14 law schools in the ATL Rankings is going the other direction, proposing a tuition hike…
She’s not a porn star, she’s a law student. We could see where you might be confused by that one.
* 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.)]
* 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]
A law dean has resigned amid allegations that he perjured himself in response to a lawsuit. I should care about this. Law school corruption! Perjury! Deans behaving badly!
Meh. We live in a world where deans say shady, misleading, or flat untruthful things all the time. We call it the “business of legal education.” We are used to deans going out there every day and straight hustling prospective law students. And I’m supposed to care that one of them allegedly actually perjured himself? One guy lied when he wasn’t supposed to as opposed to all the others who lie when it’s okay to do so. Big whoop.
Whatever. State school law dean goes down for reasons unrelated to the problems with legal education…
* Much to his defense team’s chagrin, accused Boston Marathon bomber Dzhokhar Tsarnaev’s trial will remain in Boston. The media spectacle is set to begin in January 2015. [New York Times]
* Mike “The Situation” Sorrentino of Jersey Shore fame was indicted on tax fraud charges to the tune of $8.9M. He pleaded not guilty yesterday afternoon. There aren’t tanning beds in jail. [Asbury Park Press]
If, unfortunately, someone in your family faced catastrophic injuries that you thought had legal issues, they would be on a very, very short list of firms to consider.
– Roger Dennis, dean of the Drexel University’s Thomas R. Kline School of Law. He’s telling the Philadelphia Inquirer about Thomas R. Kline. “Short list,” eh? After Kline donated $50 million and the school scrubbed poor Earle Mack from their letterhead and renamed the school, the best praise the dean can summon is that Kline belongs on a “short list.” Once you rename your law school, you’re already a commercial, so go right ahead and tell the reporter “Thomas R. Kline is the best goddamned lawyer on the planet!”
One would imagine that a law school would be prepared to manage an unimpeachable quasi-judicial proceeding. If anything, a bunch of lawyers idealistic enough to turn their backs on private practice to preach from an ivory tower would bend over to expand the bounds of fairness in some kind of hippie Bill of Rights love-in. Law school court would be like Hair with more procedural safeguards and hopefully much less nudity.
That wasn’t the case last year, when a law school convened an Honor Board to prosecute a student for cheating on her exams. Now, that student is suing the school in federal court, alleging due process violations and breach of contract arising out of the investigation and prosecution of her case.
Is she guilty of an infraction or not? We can’t pass judgment on that from the pleadings alone. We can, however, troll this law school for its pretty terrible grasp on how the justice system is supposed to work….
Two years ago, the LSAT was given to more than 104,000 people. Last year it was given to 52,000 nationwide, a 50 percent drop. Law is no longer seen as the golden calf. This is very hard work. It’s not Boston Legal.
You don’t walk into the office and pop open a scotch and sit around chatting with your partners about the ball game. It’s emotionally draining. You’re only as good as your last trial, your last settlement. You are constantly looking for more clients. Going to law school is not the automatic $120,000-a-year job.
* The scion of a Biglaw bigwig (go ahead and guess which firm…) arrested for filming and distributing video of his sexual escapades with his girlfriend without her permission. It’s like revenge porn without the revenge element. [Law and More]
* A unanimous Seventh Circuit panel, in an opinion by Judge Posner, just struck down Wisconsin and Indiana’s bans on same-sex marriage. The result isn’t surprising in light of the blistering benchslaps delivered by Judge Posner at oral argument, but the timing is faster than usual (for a federal appellate opinion in a high-profile case, not for the prolific Posner). [BuzzFeed]
* Bad news for Cahill Gordon: the Third Circuit just revived a fraud case against the high-powered firm and one of its clients, a unit of BASF. [WSJ Law Blog]
* And badder news for BP: a federal judge just concluded that the oil giant was grossly negligent in connection with the 2010 Gulf of Mexico oil spill. [New York Times]
* Freshfields gets fresh talent, adding former Wachtell partner Mitchell Presser and former Skadden partner James Douglas to its ranks. [American Lawyer]
* The dean of Seton Hall Law, Patrick Hobbs, will step down from the deanship at the end of the current academic year. Congratulations to Dean Hobbs on a long and successful tenure. [South Orange Juice]
* And congratulations to John Grisham and Jason Bailey, winners of, respectively, the 2014 Harper Lee Prize for Legal Fiction and the 2014 ABA Journal/Ross Short Fiction Contest. [ABA Journal]
* Brittany McGrath, Brooklyn Law class of 2014, RIP. [TaxProf Blog]
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: