* If you’re at NYU, the Law Review has been holding out on you with a private stockpile of outlines. Prometheus brings them to the masses. I don’t know why this person chose a terrible movie for a pseudonym. [PrometheusNYU] UPDATE: We crashed that link…here’s the new one.
* If you’re doing your taxes in Minnesota, you’d better be using H&R Block, because the authorities have warned taxpayers not to use TurboTax. [Tax Prof Blog]
* Burglar foiled by “supernatural figure.” [Legal Juice]
* Judge Dolores Sloviter, the former Chief Judge of the Third Circuit, announced that she’s taking senior status. That should lighten the load on her law clerks… [Legal Intelligencer]
* Earlier today, Staci was on HuffPo Live talking about the plight of recent law school graduates. Video after the jump….
* Pennsylvania prosecutors are “outraged” that the new Attorney General is investigating how the office dropped the ball in the Sandusky case. Their frustration is understandable… looking into obvious wrongdoing seems to be a new concept for them. [Legal Intelligencer]
* New charges brought in the Florida A&M Band hazing case. Twelve defendants will now face felony manslaughter charges. [Los Angeles Times]
* A plan is in the works for a new University of Texas system law school. On the one hand, the new school could improve the diversity of the Texas bar. On the other hand, no one in the state was saying, “Wow, we’re really suffering from a dearth of lawyers.” [The Daily Texan]
* A model depicted in the opening credits of Mad Men has filed suit, alleging that the show is using her image without permission. The show has used the same opening for six years. Looks like someone just got Netflix! [The Wrap]
* According to the escort who made the allegations, she was paid to falsely claim that she was hired by Senator Menendez. [Washington Post]
* Oh mon dieu! Cela ne semble pas bon! As confirmed by The Lawyer, Nixon Peabody will definitely be closing its four-year-old international outpost in Paris, France, leaving the firm with only two offices outside of the United States. Triste. [Am Law Daily]
* “I just wanted somebody to pat me on the head.” Aww, all this former Winston & Strawn partner wanted was for someone to tell him he was a good boy, so he helped Kenneth Starr launder money. At least he didn’t get jail time. [New York Law Journal]
* Sorry, lady, but when you work in an HR capacity and you publish tripe about gays not being civil rights victims because they “choose” their lifestyle, the Sixth Circuit will just laugh at your appeal. [National Law Journal]
* At least one law school has gotten the point that tuition is too damn high. Starting next year, Seton Hall Law will allow qualifying first-year students to save about 50 percent on the cost of attendance. [Associated Press]
* What are some benefits of taking a gap year between the completion of your undergraduate degree and law school? Well, for one, you might reconsider your decision to enroll. [Law Admissions Lowdown / U.S. News]
* You surely must remember former UT Law dean Larry Sager and his controversial $500K forgivable loan. Well, as it turns out, the school is now condemning the practice as inappropriate, and calling for its permanent suspension. [Texas Tribune]
* Someone finally sued a power company over its horrendous response to Hurricane Sandy. The Long Island Power Authority should’ve seen this lawsuit coming, but was woefully unprepared. Figures. [Bloomberg]
* I can haz copyright infringement? Internet memes are all the rage — we even had our own contest — but you may find yourself wading into dangerous intellectual property waters with improper use. [Corporate Counsel]
* Papa John’s is facing a $250M class-action lawsuit for spamming its customers with text messages advertising deals. With share prices dropping, it must suck to be Peyton Manning right now. [CNNMoney]
* Since Obamacare’s here to stay, states are scurrying to meet the health care law’s deadlines. Better hurry up, they’ve only got a week left to make a decision on insurance exchanges. [New York Times]
* “It’s been an interesting and tough four years. I just really don’t know. I don’t know at this point.” Two days after the election, it looks like Barack Obama may have to replace Eric Holder after all. [Blog of Legal Times]
* Managing partners at midsize firms are feeling good about about business in the coming fiscal year, and they’re even projecting higher profits per partner. And unicorns, too! [National Law Journal (reg. req.)]
* Where did a portion of the money behind Harvard Law professor and Senator-elect Elizabeth Warren’s Massachusetts race come from? Biglaw firms like Nixon Peabody and Mintz Levin. [Corporate Counsel]
* Apparently a convicted abortion doctor killer is trying to intervene in Paul Ceglia’s ownership case against Facebook via kooky letter. Sorry pal, but there can be only one Jonathan Lee Riches. [Wall Street Journal]
A few weeks ago, I was drinking an Old Cuban with my roommate at my favorite bar, Grand Tavern. We were sitting on the back patio, when a group of men across from us started talking loudly about Above the Law. My ears perked up, and I began wondering if I might overhear something like this or this.
Fortunately for the gentlemen across the bar, I didn’t hear anything scandalous. Fortunately for me, I did hear them mention Brian Smith, a former associate at Nixon Peabody, who opened the doors to his new business, Huckleberry Bicycles, last Friday in San Francisco.
I met up with Smith last week, and we spoke about how he became a part of our growing club of lawyers not practicing law….
A few years ago, the law firm of Nixon Peabody came up with a catchy jingle to celebrate its own fabulosity. You can listen to the song here, in case you’ve never heard it. The chorus went as follows: “Everyone’s a winner at Nixon Peabody!”
Alas, a recent lawsuit filed against Nixon Peabody by a former partner at the firm, David Tamman, does not put the firm in a very winning light. Instead, it just makes everyone look bad.
The allegations are seamy. What does Tamman allege?
You know associates are pissed when they end their emails to Above the Law with lines like this one, from a message we received last night:
NO ONE SHOULD COME HERE. EVERYONE HERE SHOULD LEAVE.
Jacob Riis photographs associates at one Biglaw firm
That’s what happens when you tell your associates that they’re going to get paid significantly below market and like it.
Several firms have not yet announced spring bonuses, and associates at these firms are annoyed. But there are only a handful of Biglaw firms that cut associate salaries back during the recession and have not yet brought their people back to market-level base compensation.
One of the firms that is lagging behind the rest of the market had an “all associates” conference call yesterday, during which management tried to explain why associates were being underpaid and undervalued by the firm.
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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