* This just in: Now that the Fifth Circuit has refused to hear the Texas abortion case en banc, it looks like we may see a viable case about a major social issue being brought to Term before SCOTUS after all. [National Law Journal]
* Skadden came out on top of the Bloomberg, Thomson Reuters, and Mergermarket league tables for the highest transactional value of its mergers and acquisitions deals in 2014. Congrats on kicking the competition’s ass. [Am Law Daily]
* Per HBR Consulting, clients are winning the war when it comes to getting legal services on the cheap. Consider this a “call to action for law firms to reconsider the way they do business.” [WSJ Law Blog]
* The Elon University School of Law is completely revamping its academic offerings in order to offer a law degree that can be earned in 2.5 years, and for about $14,000 less. Nice work! [Triad Business Journal]
* Lindsay Lohan’s attorneys filed an amended complaint in her case against Grand Theft Auto’s publisher, this time going so far as to spell their client’s name correctly. [Hollywood, Esq. / Hollywood Reporter]
The rise and fall of Melvyn Weiss is one of the most dramatic stories within the legal profession. The Bronx-born Weiss, a graduate of NYU Law School, founded Milberg Weiss, which went on to become the nation’s top class-action securities firm. Weiss and his partners became millionaires many times over.
But it turned out that the firm rested on shaky ground. In 2008, Mel Weiss pleaded guilty to participating in a kickback scheme that helped him get clients and cases. Weiss got sentenced to two and a half years in federal prison and had to pay more than $10 million in forfeitures and fines. Milberg Weiss itself had to pay $75 million to settle charges relating to the racketeering conspiracy.
Too bad Weiss had to do prison time. House arrest would have been pretty sweet in his waterfront mansion on Long Island’s Gold Coast, now on the market for $18.8 million….
* Zombies responsible for tort. It’s like Walking Dead but with more motion practice. [PrawfsBlawg]
* As much as you hate pocket dialing someone, you don’t hate it as much as these people who pocket dialed 911 while making a drug deal. [Legal Juice]
* Ever wonder why AIG seemed to fare much worse under the bailout than the banks? Perhaps that’s because the government used the AIG bailout to play favorites and help out all their banking buddies. [Medium]
* Here’s one out of left field: Oregon’s first lady had a secret marriage to an 18-year-old immigrant 11 years her junior. Was this a “green card marriage” (i.e., a felony)? My home state doesn’t have great luck with political figures and legaltrouble. [Willamette Week]
* Is law one of the most profitable industries for private companies? Of course it is. [Inc.]
* Guess what? Spending decades decrying “for’ners” for stealing hard-earned American cash, people consistently believe we spend tons more on foreign aid than we really do. [The Volokh Conspiracy / Washington Post]
* Legendary plaintiffs’ attorney Fred Levin talks about the ongoing effort to demonize plaintiffs lawyers. Video after the jump…. [Mimesis Law]
Beginning Friday, October 10, and running through the 12th, the Seattle Legal Tech Startup Weekend will provide participants an opportunity to rethink the delivery of legal services, from wills, to dispute resolution, to trial tech and beyond. At this weekend-long competition participants will form teams to tackle projects to try to bring the practice of law, the delivery of legal services, and the administration of justice into the 21st Century. Click here for info and tickets →
Ed. note: This is the latest installment in a series of posts Lateral Link’s team of expert contributors. Larry Latourette is Principal at Lateral Link, focusing exclusively on partner placements with Am Law 200 clients.
In Part 1 of this series, I introduced three lawyers — Alpha, Beta, and Gamma — to help explain the value that a partner candidate can gain from working with the right recruiter. Each candidate was relatively junior, each had in the high six figures in business, and each had decided to leave his or her current firm for the right opportunity. When last we left our intrepid trio, I had used no-name profiles at appropriate firms to obtain interviews for each of them.
While I kept in close contact with each candidate throughout the process (see Anatomy of a Lateral Move for an overview of the steps commonly involved), each candidate had unique issues that required particular attention…
New York has always been the vanguard when it comes to making legal precedent. When Justice Benjamin Cardozo left the New York Court of Appeals to join the U.S. Supreme Court, many viewed it as a step backwards. New York is proposing adopting the Uniform Bar Exam (UBE).
Is this a step backwards or a move forward for New York and the rest of the country?
Here’s the deal: come out to a bar, play some trivia, win some stuff, hang out with some ATL editors. Sound like a plan? Well, if you’re in Washington, D.C., start marking your calendar.
Many of our D.C.-area law school readers have participated in past Above the Law and Kaplan Bar Review bar trivia nights. For those of you who haven’t, now’s your chance. Come on down and knock those snooty students from your rival schools down a peg. Check out these questions from a prior bar trivia night to see how well you’d have fared. Or just come on down to ask us what it’s like to make fun of people on the Internet for a living. Either way, it’s a good time.
We’ll convene for a night of free food, drinks, and quizzing on Thursday, November 6. Winners get mini iPads for their team (maximum of five per team).
In the simplest terms, it is fair to say that law firm starting salaries are flat. The fact that the incidence of $160,000 as the starting salary at the largest law firms is less than it was before the recession is really more a reflection of the changing contours of the large firm market, not the fact that law firms are paying entry-level associates less than they used to. Many law offices that are part of large firms, particularly those in the largest markets, continue to pay $160,000, but the data since 2009 clearly show that the large firm market now also contains many firms that do not pay $160,000. In some ways the data simply reflect the growing cohort of large firms, and it shows that they are not a monolithic entity. In many markets starting salaries of $145,000 or $135,000 or even less are the norm.
Would you like a touch of sugar with that, Your Honor?
Federal judges are… fruity! I once visited Chief Judge Alex Kozinski in chambers, where I witnessed the judge engage in a spirited argument with one of his law clerks over the proper way to peel and eat an orange. Everything is up for debate in the Kozinski chambers.
And it seems like Judge Kozinski isn’t the only judicial giant with a fruit fetish. In oral arguments yesterday for Integrity Staffing Solutions v. Busk, concerning whether Amazon warehouse workers can get paid overtime for going through an end-of-day security screening, Justice Elena Kagan raised this fun scenario: if a federal judge orders his clerks to come into chambers early, to cut up his grapefruit and make the rest of his breakfast, should the clerks get paid for that?
As it turns out, this “hypothetical” is based on real life. Which federal judge actually does this?
Or at least the Washington Post alleges that one Yale Law student loved a hooker. Why is the Washington Post so interested in how a Yale Law student spends his time and money? Well, because that Yale Law student, Jonathan Dach, was working for the White House and hotel logs indicate he brought a woman back to the Colombia hotel where the president was set to stay. The Post claims that Homeland Security later fingered this woman as a prostitute. Hey, he was injecting his business into the local economy!
Anyway, the Post claims the White House covered this all up. Oh, and later promoted him to a job in the State Department. Which job? Policy advisor in the Office of Global Women’s Issues. [Dramatic Chipmunk]
If the idea of bringing prostitutes to hotels while traveling ahead of the president sounds familiar, it’s because the Secret Service did the same thing ON THE SAME TRIP, and the agents involved were pilloried and fired. So guess who’s really pissed off that the White House stuck its neck out for its own while throwing them under the bus?
Sex, corruption, hypocrisy, oh my! And yet, should anyone even care about this? The answer is “yes,” but not for any of the reasons you’ll hear from the nattering nabobs….
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: