* The new meme sweeping the Intertubes is “Old Economy Steve.” While not strictly law-related, it is a fitting meme for trolling recent law school grads entering the market. [The Atlantic]
* After talking about the Atlanta battle of the (legal) bands, we learned that San Francisco is also getting into the act. [Law Rocks]
* Speculating on George Washington’s approach to drone strikes. [Washington Times]
* A look at how regulatory and tax policy changes affect the value of energy companies. [Breaking Energy]
* E. Gordon Gee, Columbia Law ’71 and President of THE Ohio State University got in a little trouble for saying, “You tell the SEC when they can learn to read and write, then they can figure out what we’re doing.” So another guy gets in trouble for being honest. Gee also said that you can’t trust Catholic priests, which segues nicely into the next item. [Yahoo! Sports]
* America, you won’t have Michele Bachmann to kick around anymore! The political equivalent of comic relief announced that she will not seek another term. [CNN]
* Eric Holder testified that he would support reform of the ECPA. Apparently this newfound love of electronic privacy doesn’t extend to the Associated Press. [IT-Lex]
* Atlanta is soon to host its Battle of the (Lawyer) Bands. LawJam 2013 is set to rock Atlanta like a litigious hurricane on June 8. Last year featured bands like Mikey Mel & the JDs, so you have a sense of what you’re getting here. [Atlanta Bar Association]
* The CFTC had no idea how to do its job? Say it ain’t so! [Breaking Energy]
* So the sequester has an advantage! Cocaine is going to get cheaper! [Breaking Defense]
* Paul Caron has acquired a 100 percent ownership share of the Law Professor Blogs Network. Congrats! [TaxProf Blog]
* Woman acquitted of manslaughter responds in the best way ever. Video after the jump…
A fair number of lawyers or law school graduates work in creative fields. Over the years, “recovering lawyers” have worked as writers, actors, and even painters (such as Henri Matisse and Wassily Kandinsky).
But you won’t find many lawyers who are rock stars — and I’m not talking about tax or securities law “rock stars,” but actual, literal rock stars. The free-association creativity needed to make music goes against the inside-the-box thinking prized in the legal profession. Music also involves math, and we all know that lawyers — even lawyers for the IRS — are “not good at math.”
There are, however, exceptions to every rule. A few folks with legal training have entered the music world — including Julio Iglesias, Rubén Blades, and today’s “stealth lawyer,” an attorney turned rock star….
My expertise to address this topic may not be clear. For truth be told, I am ill-equipped to break out in song. My grade school music teacher labeled me a sparrow, not a robin, and instructed me to just mouth the words. Still, in my dreams I can be a great diva.
* There’s been a changing of the guard at Sidley Austin. Carter Phillips, one of our nation’s preeminent appellate advocates, is now the sole chair of the firm’s executive committee after a one-year stint as co-chair. Congrats! [The Recorder]
* It looks like the trolls attorneys behind Prenda Law got benchslapped in the worst of ways — complete with a multitude of Star Trek references. We’ll likely have more on this later today. [Ars Technica]
* The California Supreme Court just ruined everyone’s high, because it ruled that cities and counties can ban medical marijuana dispensaries. Smoke ‘em while you’ve got ‘em, stoners. [Associated Press]
* Justin Bieber is being sued for copyright infringement, along with his musical mentor, Usher. Tween girl mob: ASSEMBLE! Defend your pop idol’s honor; after all, he just needed somebody to love. [Reuters]
Every year we have a law revue video contest, in which there are winners, there are losers, and then there are sore losers. This year, we saw some pretty wild accusations being tossed around (including “idea plagiarism,” which is apparently a thing in the minds of industrious law students).
No matter how hard our finalists tried to game the system with their various campaigns, one of them surpassed all the rest. Congratulations go out to the students at West Virginia University College of Law, the winners of our Fifth Annual Law Revue Video Contest.
You’ve seen the worst of the worst, and now it’s time to feast your eyes upon the best of the best. We thought that the 2013 law revue season was going to be a dud, but these schools totally brought it.
And by “it,” we mean they were able to carry a tune, had excellent comedic timing, and provided us with some pretty drool-worthy student bodies. Our finalists’ videos were a joy to watch when compared to many of the other submissions, some of which were absolutely cringe-worthy.
This year, your reviewers will be David Lat, Elie Mystal, and Staci Zaretsky. But we issue only advisory opinions; you hold all the power in this competition. Do the right thing: vote early, and vote often (unless you’re a bot).
Who will follow the winners of years past into the annals of Law Revue history? It’s up to you….
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: firstname.lastname@example.org.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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