LLMs

* Dewey get the chance to reap revenge against all of the partners who defected? Only in bankruptcy clawback suits. Many are keeping an eye on the Coudert and Thelen Chapter 11 cases to see if they’ll have to pay up. [Thomson Reuters News & Insight]

* “People have bigger concerns on their mind than whether Elizabeth Warren is 1/32 Cherokee.” Well, Scott Brown isn’t most people. He wants all of her job records from her career as a law professor. [Washington Wire / Wall Street Journal]

* “We are not anti-gay, we are pro-marriage.” I don’t think “pro-marriage” means what you think it means. Last night, North Carolina voters passed a constitutional amendment banning same-sex marriage in the state. [CNN]

* Mike McQueary is filing a whistleblower lawsuit against Penn State. Hate to say it, but that’s definitely not the first time Penn State’s seen a lawsuit over something being blown in the locker room. [Centre Daily Times]

* Washington University in St. Louis Law is launching an online LL.M. program for foreign lawyers for the low, low price of $48K. The exchange rate surely can’t be good enough for that to be worth it. [New York Times]

* Joran van der Sloot will likely be extradited to the United States from Peru this summer. His lawyer, Maximo Altez, isn’t a fan, because he thinks that we’ll charge his client with murder. America, f**k yeah! [ABC News]

* Oh, of course a member of the Village People’s claim just had to be the test case for 35-year copyright transfer termination. Well, kudos to you, Mr. Motorcycle Cop. You’re a real “Macho Man.” [Bloomberg]

From time to time, we have an opportunity to opine on LL.M. programs. I think they’re pretty much all worthless (tax LL.M. notwithstanding), but law schools make a lot of money from offering the programs.

There’s a whole industry involved in making you think that just about any LL.M. degree can help you in your career. And, if you don’t already have a job, you want to believe that there’s something simple you can do to improve your situation. Hey, it only costs money.

In the battle between common sense and greedy law schools, desperate job seekers are the losers. But let this be our final battle. If anybody signs up for this proposed LL.M. program, we can officially say that law schools can sell anything….

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The old ball and chain.

* Joe Amendola has filed a motion to dismiss the child sex abuse charges against his client, Jerry Sandusky. And if he actually thinks that’s going to happen, then he definitely needs to call 1-800-REALITY. [Associated Press]

* @AllenStanford’s motion for a #newtrial has been denied. The Ponzi schemer’s “conviction by journo tweet” argument has failed. Major props to Judge David Hittner for issuing a ruling in less than 140 characters. [Bloomberg]

* Everyone’s obsessed with the U.S. News law school rankings, but here’s a ranking that people should actually be paying attention to: the law schools that lead to the most debt. [The Short List / U.S. News and World Report]

* This defunct firm’s homeless Halloween party just won’t be as fun this year. Steven J. Baum P.C. has to fork over $4M to settle a probe over its alleged foreclosure abuses. [Thomson Reuters News & Insight]

* St. John’s Law is planning to launch two new LL.M. programs, neither of which is in tax. This is newsworthy because people will apply anyway, and then bitch about the “value” of their degree. [National Law Journal]

* John Payton, President and Director-Counsel of the NAACP Legal Defense Fund, RIP. [NAACP LDF]

Newt, you've made the tiger angry.

* “Members of Congress are not above the law,” and that’s why the Senate will likely approve a ban on insider trading of non-public information by the end of the week. Say hello to the Stop Trading on Congressional Knowledge Act. [Boston Globe]

* Eye of newt tiger, and toe of frog, wool of bat, and tongue of dog. You see, Newt, you screw up one part of the witches’ spell, and you get sued for unauthorized song use on the Election 2012 campaign trail. [Bloomberg]

* Which Biglaw firms have the strongest brands in the country according to high-revenue clients? You’d think that those in the top five would be the firms leading the bonus market, but like most things having to do with money, you’d be wrong. [Am Law Daily]

* As Rutgers Law students take to the streets to protest the school’s merger with Rowan, nontenured faculty members are doing their damnedest to GTFO before all hell breaks loose. [Burlington County Times]

* GW Law will be launching a health care law and policy program next fall for the low, low cost of $5M, but the hordes of law school grads willing to pay top dollar for a useless LL.M. is priceless. [National Law Journal]

I believe the defendant failed a saving throw against berserker, so when he killed those people he didn't know right from wrong.

* Dressing shrinks as wizards when they testify would be an AWESOME idea. I’m serious. Why can’t we have this? And titles, too. “Your Honor, I call Dr. Freud — Ph.D in weakness management and keeper of the sacred staffs of Ivory guard — to the stand.” [Overlawyered]

* iTextbooks! Could be awesome, could widen the gap between the rich and the iPoor. [Adjunct Law Prof Blog]

* Old lawyer accidentally smuggles a gun onto a plane, mainly because security — which noticed said gun — forgot to stop her. TSA doesn’t make us more safe, folks. It just makes us more molested. [Daily Mail]

* Apparently, LLMs go great with Brazilians. The people, not the grooming. Or maybe both — I don’t know, but I was only asked about people. [Live Mint]

* To be clear, putting slavery analogies into our math problems is bad… unless you are a college basketball or football star trying to work out how much you got paid in free tuition for last night’s game, versus how much the university made off of the performance of your team. Then the analogy is “apt.” [CBS Atlanta]

* White people problems, written by a former Cahill Gordon associate who quit to take a job in television. [Funny or Die]

* Additional impressive hires by an elite litigation boutique. How long before MoloLamken ends up on somebody’s hot list? [MoloLamken]

Every so often, people ask us about the “value” of getting an LL.M. degree. Our answer has remained pretty consistent. Is it a tax LL.M. from Georgetown or NYU? No? Then save your money and buy something valuable like gold or drugs. See this graphic (click to enlarge):

Photo credit: some dude on TLS.

But still, people ask: “Is it worth it to get an LL.M. degree?” And obviously, there are a bunch of people who put down good money chasing an extra credential that has little to no impact on their job prospects.

Why? Well, the simplest answer is that LL.M.s are extremely valuable to law school budgets. LL.M.s are so lucrative for law schools that law school deans are willing to lie or become willfully ignorant as to the employment opportunities generated by an expensive post-law school degree.

The National Law Journal made that EXTREMELY OBVIOUS point yesterday (again)….

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* “It seems no one can use dirty words, except Steven Spielberg.” Well, sh*t, I’ll be damned. Is Elena Kagan going to be the voice of reason in the Supreme Court’s FCC profanity case? [Los Angeles Times]

* Ken Cuccinelli filed an emergency motion to get Virginia’s primary ballots printed. You can’t wait three days for Perry’s hearing? It’s on Friday the 13th. You know how that’s going to go. [Bloomberg]

* The Tenth Circuit upheld a ruling to block an Oklahoma law barring the consideration of Sharia law in court decisions. If this pisses you off, go and watch Homeland. You’ll feel better. [MSNBC]

* Dewey want to join the Magic Circle? Bloody hell, of course! Clifford Chance has snagged two mergers and acquisitions partners from Dewey & LeBoeuf. [DealBook / New York Times]

* What will an LL.M. get you in today’s job market? Not a whole lot. And if you’re counting that extra year of loan debt as something of value, then you’re just a masochist. [National Law Journal]

* Heather Peters, the former lawyer suing Honda in small claims court, may be SOL because of a SOL issue. Stay tuned for the results at her second hearing later this month. [Huffington Post]

After graduating from college, I had a job interview with Mars. The interviewer asked me, “If you could be a candy bar, which one would you be and why?” I was not prepared for such a difficult question. First, I had to try to recall which candy bars were manufactured by Mars. Second, deciding which candy bar was my favorite was like choosing a favorite child. After a little thought, I responded, “I would be a Twix bar because there are two of them.” In addition to making no sense, my answer revealed a personality flaw that is best not disclosed up front: I am indecisive. And I guess I have a split personality? Unsurprisingly, I did not get the job.

There are a few other issues, beyond choosing my favorite candy bar, that I have difficulty resolving. The issue du jour is whether or not it is worth getting more education to get a (better) job. And I am not just talking about a J.D., I am talking about the Small Business LLM from Concord Law School.

Concord Law School launched its Small Business LLM program in the fall of 2010. Designed to be completed part-time online in two years, the program offers hands-on practical education to equip practitioners or recent law grads with the skills needed to serve small business clients. Tuition is $600 per credit hour, or $14,400 for the program. While Concord does not offer scholarships, there are opportunities for students to obtain outside financial aid and private loans.

Is it worth it? Let’s discuss the pros and cons….

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Professors Richard Epstein and John Yoo

The topic of whether (and how) to reform legal education remains very hot. The latest New York Times story — by David Segal, who isn’t very popular among law school deans right now — has sparked much online commentary.

And it’s not over yet. What do Professors Richard Epstein and John Yoo — two of legal academia’s most colorful characters, rock stars in Federalist Society circles — think of the current state of law schools here in the United States?

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* John Wilkes Booth. Lee Harvey Oswald. Oscar Ortega-Hernandez. Sorry, Oscar, you have three names, but you didn’t actually kill the president, so you don’t get to join the club. [New York Times]

* Former SCOTUS clerk Roy McLeese III has been nominated for a seat on the D.C. Court of Appeals. I don’t have an opinion on this yet because I can’t tell if he’s cute. [Blog of Legal Times]

* Do you really think that the .XXX domain is going to have any remarkable effect on the online porn industry? Besides more men with sticky keyboards and angry girlfriends, what’s the problem? [CNET]

* USC Law won’t be adding a tax LL.M. program. Because just dying is more advisable than adding additional debt to your name under the school’s debt solution plan. [National Law Journal]

* Wishing a very happy holiday season to you and yours with this top-of-the-line molotov snow globe. Hallmark: When You Care Enough to Send the Very Best. [New York Daily News]

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