What’s going on over at Orrick? Spring bonuses, that’s what — but with a twist.
As we’ve noted before, Orrick remains committed to merit-based compensation, even though some other firms that started moving away from lockstep have returned to it. Orrick’s approach to spring bonuses reflects the meritocratic orientation of its compensation.
* David and Elie are available to come speak at your graduation too. We only need travel and accommodation expenses, and we won’t spew haterade all over your campus — at least not towards gay people. [Facebook]
* There are more people sick of Lester Munson’s disingenuous games than I could have possibly imagined. I now challenge Lester Munson to a live debate. Munson for the prosecution, Elie for “the world is gray.” [Hardball Talk/NBC Sports]
* 50% of business people claim they would turn down a “dream job” if it involved going to strip clubs to entertain clients. Lawyers, I think we’re a little more self-aware and honest, aren’t we? [Dealbreaker]
* Wisconsin judges are a bulwark against the anti-union desires of the state legislature. Maybe the law makers should learn how to compromise? [Huffington Post]
* Venable’s billing practices are being scrutinized by TARP officials. [Washingtonian]
Ed. note: This is the latest installment of Size Matters, one of Above the Law’s new columns for small-firm lawyers.
It is not easy staying abreast of all of the important issues affecting small firms, but I do it because my words impact our nation’s policy. Do you think it was a coincidence that less than a week after I instituted the Small Firm Pro Bono Push, the Chairman of the House Appropriations Subcommittee suggested that private-sector employees need to do more pro bono work? Obviously not.
But sometimes even I need guidance. So I enlisted the help of Susan Cartier Liebel, the guru of solo practice.
Liebel founded Solo Practice University (“SPU”) in order to provide the resources for people to start their own firms that she found to be utterly lacking when she first decided to hang a shingle. SPU offers a wide variety of educational programs and networking opportunities. As Liebel stated, SPU provides the 360-degree experience to learn how to open a law firm in a simple-to-use and cost-effective online platform.
Above the Law covered SPU back in 2009, but much has changed over the past two years. Learn more about SPU after the break….
What’s more strange about that headline? That Michigan Law would invite a guy who stands against the civil rights of certain members of the Michigan Law community, or that Michigan Law would invite a representative from Ohio to speak to its outgoing students?
I’m going with the latter. Rob Portman graduated from the University of Michigan Law School in 1984, but he has gone on to become the junior senator from Ohio. Ohio! In related news, Bo Schembechler was born in Ohio and went to college at Miami of Ohio, but I don’t think he was ever the keynote speaker during an Ohio athletics Hall of Fame ceremony.
Sadly, the fact that Michigan invited a guy who has taken a strong stance against the civil rights of gay people probably isn’t that out of the ordinary. Sure, at some point these anti-gay-marriage people will look as tolerant as pre-conversion George Wallace in front of a desegregated schoolhouse. But right now these enemies of love get to walk among us as regular people.
Guys at my high school used to have ignorant and flawed views about gay people all the time. It was no big deal.
But some students at Michigan Law are trying to make it a big deal. And that’s pretty exciting….
In the first, second and third parts of our Career Center “Tip of the Day” series, focused on how to evaluate a counteroffer, we covered the importance of re-evaluating your current employment situation, assessing what the new firm is offering, and analyzing the counteroffer of your current firm. It is now time for you to consider the ramifications, both tangible and intangible, of accepting the counteroffer and reneging on the new firm.
Our buddy, the Honorable Alex Kozinski, is on a roll. On Monday, the chief judge of the U.S. Court of Appeals for the Ninth Circuit benchslapped a pair of wealthy, persistently annoying and mildly famous identical twins.
The same day, he gave a lecture at San Francisco’s Golden Gate University School of Law, where he declared the Internet has killed the First Amendment, or at least made it an anachronism. Heavy stuff.
More on what the judge said about the web’s effect on unsuppressable free speech, journalism and scumbag bloggers, after the jump.
What do you get when you cross Top Chef with Mark Cuban’s The Benefactor (anybody remember that? HA), steal half the name of America’s Next Top Model, and throw in inexplicably famous “chef” Curtis Stone? Only the single greatest reality show on NBC during the 8 p.m. time slot on Sundays: America’s Next Great Restaurant.
This groundbreaking pilot’s premise is that people who did boring things with their lives because they were too poor or risk-averse pitch restaurant franchise ideas to Curtis, Bobby Flay, and two other judges that nobody recognizes, who then back the winner with money from NBC’s budget their own wallets to open three identical restaurants so they can fail in three different cities at the same time.
As you may have guessed, America is not watching, the show is not Great, and I somehow doubt that The Spice Coast (or whichever proposed restaurant wins) will threaten the national hegemony of McDonald’s, although I might order it from Seamless Web. If I liked Indian food. Which I do not.
In any event, competing in “ANGR” is one of our own…
Did Lester Munson get his law degree by staying at a Holiday Inn Express?
Last night, Barry Bonds was found guilty of obstruction of justice, while the jury hung on all other counts, resulting in a mistrial as to those counts. We posted about it.
Now, I don’t expect non-lawyers to really understand what “obstruction of justice” means. I certainly don’t expect them to understand what a “mistrial” is. But I do expect anybody who has been through 1L year at an American law school to understand these concepts. I certainly expect law professors to understand these terms. And I freaking demand that legal analysts charged with making sense of this issue for ESPN — the WORLDWIDE LEADER IN SPORTS — have a basic grasp on what the hell is going on.
ESPN legal analyst Lester Munson, you, sir, have failed. Failed at your job. Failed at being a thought leader. Failed at failing in a funny, non-offensive way.
Even 1Ls won’t believe the kind of tripe Muson has been spewing on ESPN…
Whenever it feels like things are getting better in the legal economy, Craigslist shows up to remind everybody just how crappy things still are. If you want to know why there is a higher education bubble (and there is a higher education bubble), you need only look at the kind of pathetic salaries offered to people with years of higher education.
Now, if you were exploring the Above the Law jobs board, you wouldn’t be peppered with offers like the ones we’re seeing on Craigslist. But we can’t beat Craigslist for comedic value.
After the jump, check out two “jobs,” which you need years of expensive education and experience to even be in the running for…
* Pay for play pay for an “A” attorney Damian Bonazzoli got suspended from practice for six months. At $300 a pop and without a job, it may be time to get back into pushing papers on Craigslist. [Worcester Telegram & Gazette]
* “I cannot explain why men do what they do.” Sorry, Lynette Taylor, but it looks like you also can’t explain why your husband pleaded guilty to having sex with an underage prosti-tot. [CNN Justice]
* An interesting piece about the drug trade behind prison walls — because even the Department of Corrections needs a drug mule sometimes. [New York Times]
* Breaking up is hard to do, especially when it’ll cost taxpayers more than $14 million. Florida, you got some ‘splainin’ to do! [Miami Herald]
* Bolivia is trying to give Mother Earth human rights. I hope that means humans can file suit against “her.” I’d love to have someone to sue every time a flock of birds decides that my car is their toilet. [Huffington Post]
People think that I believe that nobody should go to law school ever, and that anybody who is currently in law school should drop out immediately. And, to be fair, I do think that many people in law school today have made terrible personal and financial decisions and have entered a world of pain that they will dwell in for much of the rest of their lives.
But I don’t think that every person in law school is there idiotically. I don’t think everybody who is there should drop out of school at the earliest available opportunity. I don’t even think you need a special “love of the law” to justify three years of legal education. The internet is not a great medium for nuance, but on a case-by-case basis there are a lot of situations where a person might be smart to go to law school and/or smart to stay in law school.
Take this one kid who emailed Above the Law asking for advice on whether or not he should drop out after his 1L year. I bet he’s going to be surprised that I’m of the opinion that he should stay in school…
* It looks like Jonathan Lee Riches has some competition. Check out this crazy lawsuit filed against Apple (and many other defendants), by one David Louis Whitehead. Why do the wackos always have three names? [Apple Insider]
* Check out Professor Glenn Reynolds’s interesting argument against a federally-mandated drinking age of 21. “If you get shot at, you can have a shot.” [Wall Street Journal via Instapundit]
* The FTC is holding Google’s balls feet to the fire over its privacy practices. Want to turn up the heat a few degrees? [EPIC]
Do you heart boobies? I do -- for aesthetic reasons, and as symbols of female seductive power.
* Speaking of body parts, would this lawsuit have turned out differently if the bracelets, instead of promoting breast cancer awareness by declaring “I ♥ Boobies,” promoted testicular cancer awareness and read “I ♥ Balls”? [Philadelphia Inquirer via WSJ Law Blog]
* And speaking of free speech and schools, Congress should proceed with caution when passing anti-harassment legislation. [Chronicle of Higher Education]
* Biglaw partners team up with a former federal prosecutor to launch a new litigation boutique. Say hello to Levine Lee LLP. [Am Law Daily]
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: