* Joe the Plumber actually owes over a thousand dollars in back taxes. The McCain campaign really needs to hire a professional vetter. [TaxProf Blog]
* Should bar passage really be a factor in rating law schools? [Prawfs Blawg]
* Class action about faulty breasts falls low. [Point of Law]
* Bracewell & Giuliani promise no layoffs. Great. But if they rescind term limits in New York City, don’t you think Giuliani will run against Bloomberg in the first pro-choice, anti-gun Republican death match? [Tex Parte Blog]
The spokesperson said that 25 attorneys were laid off. The firm said they waited until they could personally notify all of the attorneys before they went public with the information.
The firm was not able to confirm how many additional staff members were also cut. Yesterday we reported that there could be as many as 60 total layoffs. The firm spokesperson said that they were waiting until they’re able to inform all affected staff members.
A Kansas City woman has sued Sarah Palin, John McCain, and other members of the McCain-Palin campaign in Federal Court. She alleges the Republican ticket has caused her “terror of the heart” over the safety of Democratic Presidential nominee Barack Obama.
According to the complaint:
Plaintiff Mary Kay Green, pro se, suffered profound despair at the assassinations of her beloved leaders President John. F. Kennedy and U.S. Senator Robert Kennedy and her hero the Reverend Martin Luther King, and suffers terror of the heart, anxiety and grave fear for the life of Presidential candidate and U.S. Senator Barack Obama, and her candidate for President, due to the reckless, intentional and irresponsible speeches, ads and conduct of Governor Sarah Palin, Presidential candidate and U.S. Senator John McCain and his campaign manager Richard “Rick” Davis to which she has been subjected to here in Kansas City, Missouri, and which are beyond “shouting fire in a public theater.
One blogger gives us some backstory on Ms. Mary Kay Green:
According to her personal web site, when not standing up to bullies, Mary Kay Green is “an attorney who — from her senior year in law school — has handled civil rights cases.” She is also the author of several books, including the soon to be released Sundance and Cherokee Moon: A Book about Robert Redford, Movies, Miracles, and Mania, and the appropriately titled Women of Courage. which chronicles the struggles of such women as Joan of Arc, Carrie Nation, and Rosa Parks.
But is this really necessary? I thought Obama was bulletproof. Check out the complaint below.
While we have been focusing on associate layoffs, law schools continue to ruin the U.S. News Law School Rankings.
Yesterday we learned that Alabama Law School is offering people $20 worth of iTunes cash to simply apply to Alabama. How does this impact that U.S. News rankings? Because the magazine counts acceptance rate as part of its methodology. The more students you turn away, the better your school looks.
Meanwhile, TaxProf Blog reports on a dangerous precedent being set at Baylor University. Baylor is now paying students to retake the SAT. This strategy could also be used to game the LSAT now that the ABA requires schools to report the highest LSAT score students receive. We know how “competitive” those Baylor kids are but getting an improved test score through cash incentives after you’ve already matriculated looks a lot like cheating.
We have also extensively covered the raft of silly programs that obviate the need for the LSAT altogether, so long as the student hits a desired GPA benchmark.
To prevent you from jumping out your windows, we’re revisiting a Wall Street Journal article from earlier this month on the silver lining for law firms during the economic crisis.
Firms with relatively strong balance sheets are hiring lawyers from competitors that are hurting from the dropoff in mergers, debt offerings and other staples of the legal business. Leaders of these firms figure that being bigger and more geographically diverse will help them weather downturns in particular market sectors and capitalize on complex business opportunities that require a variety of specialties. In most cases, they’re even giving the new hires raises.
Some firms are buying on the cheap, while others are giving new attention to more resilient practice groups:
K&L Gates LLP has acquired medium-size firms in Texas and North Carolina this year and hired 45 partners from other firms. “We have no debt — no long-term debt, no short-term debt — and therefore have a balance sheet that allows us to grow aggressively into a downturn,” says Peter Kalis, chairman of the 1,700-lawyer firm…
But many law firms believe that they have no choice but to expand specialties, such as restructuring, intellectual property, securities litigation and antitrust, that are generally believed to remain steady — or even pick up — during down cycles. Cadwalader, Wickersham & Taft LLP in New York laid off 131 lawyers — nearly 20% of its staff — earlier this year because of the implosion in the mortgage-backed securities market, a key practice area for the firm. But it has hired lawyers in other practice areas, including financial restructuring.
Many people know Fred Baron as “The King of the Toxic Torts.” He, along with long time friend Sen. John Edwards, made a lot of money as plaintiff attorneys.
But his story now has nothing to do with the plaintiff’s bar. Fred Baron is in the final stage multiple myeloma, a kind of bone marrow cancer. His son believes that Baron’s only chance is the experimental drug Tysabri, but the company that manufactures the drug will not give it to him.
The WSJ Law Blog obtained this comment from Biogen, the makers of Tysabri:
We heard back from Naomi Aoki, a spokeswoman for Biogen. “The FDA notified us yesterday afternoon that they’re going to be working directly with the Mayo Clinic to address this situation,” she told the Law Blog. Aoki went on to explain that the Biogen drug, Tysabri, was approved for multiple sclerosis in 2004. But then Biogen, according to Aoki, voluntarily withdrew Tysabri from the market because it had caused a brain infection, known as PML, in three patients.
An internet campaign has sprung up on many legal blogs and throughout many law firms, spearheaded by Baron’s son Andrew. Lance Armstrong; Bill and Hillary Clinton; John Kerry; Edward Kennedy; and John Edwards have all added their voice. We’d like to do so as well.
Good luck Mr. Baron.
Update: Biogen has found a “legal basis” for giving Fred Baron Tysabri.
If there are Thelen associates that are not actively trying to get another job, if there are “incoming” Thelen first years who are waiting for “concrete answers” from the firm: this is your last warning. Do not pass Go, do not collect $200, just remember that your closest exit might be behind you.
This morning the Recorder sounded the latest alarm bell:
While Thelen is looking for firms willing to pick up various pieces, a core group may choose to stick together, and Thelen partners are meeting on a weekly basis to discuss their options, said the partner, who spoke on condition of anonymity.
The Nixon Peabody merger is off. All the white knights Pollyanna sees on the horizon are actually scavengers looking to pick up useful pieces.
More alarmist rhetoric and mixed metaphors after the jump.
I am a newly minted federal law clerk stuck in a small city where I don’t know anyone. The 12 hour work days I have been recently putting in have made meeting new people rather difficult. During a recent jury selection, I noticed a rather attractive member of the jury venire. Said juror’s questionnaire just happened to be at the top of the stack on my desk. A quick glance showed that the potential juror was: single, my age, and lived nearby. The questionnaire also contained both a phone number and email address. So my question is, can I take the number off the questionnaire and give the juror a call?
Confused in Chambers
Dear Confused in Chambers,
I (luckily) don’t have access to Westlaw/Lexis anymore, so I can’t see if there are any ethical guidelines governing your predicament, but last time I checked, ignorance of the law was a pretty solid excuse. Personally, I can tell you that every unattached woman I know rolls up to ABA CLEs, Legal Aid Society fundraisers and jury duty with one intention, and one intention only: BAG A MAN. The law might “require” “jury service” but the nowhere is it written that makeup and Spanx are mandatory. If girlfriend was looking good enough for you to notice, she probably didn’t roll out of bed looking that way. The lady’s on the prowl, so take the hint and start looking for places with dim lighting.
That being said, I can see how it might be HIGHLY ALARMING for a woman to receive an email from a court official stating that while she thought was performing her civic duty, little did she know that another, more dastardly kind of “venire” was going on (elbow-elbow-wink-wink). You’d have to use the old “I never do this, but” line and carefully explain that her incredible beauty was so overpowering that you were compelled to subvert the mantle of your authority, use privileged information for personal purposes and put your job on the line just to see if maybe she wanted to grab a drink or get tapas. Her reaction to your email – flattery or restraining order – will mostly depend on whether she found YOU attractive. So if you’re a fat slob, you might want to think twice.
Some of the greatest love stories of our time are the product of ethically dubious liaisons. John McCain left his newly-crippled wife who had tirelessly sought his release as a POW and cared for their three children for Cindy’s money. And relationships with associates are practically a requirement for equity partnership at firms. Given your schedule, this juror might be your last chance to meet someone in real life and not Second Life. Worst case scenario, even if she files for a restraining order, you already have an in at the court.
The 2005 collapse of Refco Inc. is best remembered around here for a former Mayer Brown partner being indicted along with the company. But the case has also lead to ongoing class action litigation.
That is pretty much all you need to know to appreciate the appeal filed in the Southern District this August.
The appellant claims to have secret audio tapes of Refco executives “calling gay 1-900 lines.” He claims to have surveillance videos of Refco CEO Phillip Bennett “cuming” out of a Super 8 Motel with Heidi Fleiss. And he claims to have “pictures of Mr. Bennett at Woodstock tripping on acid.”
And that is not even the funny part. Click on the link below, you’ll see.
* “Barack Obama looked like a prosecutor delivering a polished summation in a long civil case, Joe the Plumber v. George W. Bush. John McCain was closer to a personal injury lawyer, staring into the camera to address ‘Joe the Plumber’ as if he were standing by with an 800 number.” [New York Times]
Katten Muchin Rosenman has officially announced that they have parted ways with a number of attorneys. According to partner and spokesperson Tasneem K. Goodman:
Katten Muchin Rosenman LLP this week eliminated the positions of 21 associates and counsel across multiple offices and practices. This measure was taken to further improve the firm’s efficiency, to allow for the continued growth of its associates and to ensure the firm’s long-term success. No adjustments will be made to the new first-year associate class. The firm’s financial performance remains strong despite the current economic downturn.
You have to compare that statement with the one from Clifford Chance yesterday. After laying off 20 litigation associates, their statement said (in part):
Those attorneys in New York and Washington, D.C. affected by today’s decision are held in high regard by the firm. These layoffs were not performance-driven
From Katten we hear that their 21 associates were laid off “to improve efficiency.” Make of that what you will.
Check here to see how Katten’s layoffs unfolded throughout the day.
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: