Quote of the Day

It’s like I bought a house, and I burned it to the ground. And I’m still paying for it. I burned the house to the ground, and I’m still paying my mortgage.

– Attorney Jessica Ramm, explaining the difficulty of surviving while paying off thousands of dollars in law school student loan debt every month.

[T]he only thing holding many large firms together now is money. No shared history. No shared values. Money by itself is weak glue.

William Henderson, a law professor at Indiana University, speaking to Dan Slater of the Daily Beast about how a storied firm like Dewey & LeBoeuf can fall so fast and so hard.

The [Megaupload] prosecution is a depressing display of abuse of government authority. It’s hard to comprehensively catalog all of the lawless aspects of the US government’s prosecution of Megaupload[.]

– Eric Goldman, Professor at Santa Clara Law and editor of the Technology and Marketing Law Blog, criticizing the government’s prosecution of the infamous cyber locker and its eccentric leader, Kim Dotcom, in a post earlier this week.

(Goldman had a lot to say about the Megaupload case, most of it quite critical of the government. Keep reading to see more of his blunt analysis.)

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Our courts are the guarantors of civil justice, social order, and public safety, and we must do everything we can to enable their critical work. The courthouse doors must be open and the necessary services must be in place to allow all litigants, judges, and juries to operate efficiently. Likewise, we must ensure that access to justice is not an abstract theory, but a concrete commitment that delivers the promise of counsel and assistance for all who seek it.

– Barack Obama, in today’s presidential proclamation regarding Law Day.

(The theme for this year’s Law Day is “No Courts, No Justice, No Freedom,” but it’s not clear that people still trust the justice coming from our highest court…)

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Portrait of a young president... still buried in loans?

When we graduated from college and law school, we had a mountain of debt. When we married, we got poor together. We only finished paying off our loans, check this out: I’m the president of the United States. … We only finished paying off our student loans about eight years ago. That wasn’t that long ago.

Barack Obama, speaking to college students in North Carolina on Tuesday. The President will turn 51 in August.

Today, if you use the names Sonia Sotomayor, they would probably figure out I was a citizen.

– Justice Sonia Sotomayor, speaking during today’s oral arguments in Arizona v. United States, in which the Supreme Court will decide whether to uphold Arizona’s controversial immigration law.

(Justices on both sides of the political spectrum appeared unsympathetic to Solicitor General Donald Verrilli. More harsh words that the justices had for him, after the jump.)

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If we continue at the same rate, the gender gap won’t close until 2083.

Fran Faircloth, a Yale Law student, commenting on the results of a study conducted by Yale Law Women on gender imbalances in the law school classroom.

(What else did the study reveal? Find out, after the jump.)

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Once you pay for a house, a car and child care, it’s not that much money. You feel like regular middle-class people.

Stefan Baugh, a former Katten Muchin Rosenman partner, who quit his job to start a private equity firm and make more money.

(Baugh gives more explanation of his #firstworldproblems, after the jump…)

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George Zimmerman

I wanted to say I am sorry for the loss of your son. I did not know how old he was. I thought he was a little bit younger than I am. I did not know if he was armed or not.

George Zimmerman, the Florida neighborhood watch volunteer who stands accused of second-degree murder in the shooting death of Trayvon Martin, apologizing to Martin’s parents, who were in the courtroom during his bail hearing.

(Did Zimmerman make bail? Find out, after the jump.)

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Almost everyone I know from law school is unemployed or seeking alternative employment.

Richard Komaiko, a former student at Chicago-Kent College of Law, lamenting the plight of young lawyers in a story profiling “10 Faces Behind the Incredible Law School Underemployment Crisis.”

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