Back in 1961, a photographer snapped a picture of President Kennedy that would later be titled “the loneliest job in the world.” It was full of symbolism and it was black-and-white and Kennedy would be assassinated two short years later and Jesus, does anyone really care about all of this? Probably not. Sorry.
Anyway, earlier this week the New York Times published a photo that takes a dump all over the notion that President of the United States is the loneliest job in the world. It was an unassuming, and likely meticulously posed, photograph of a single lawyer. A single lawyer with the weight of the world — and a crumbling legal market — on his shoulders.
No, we’re not talking about thatDavid J. Stern, the lawyer turned NBA commissioner. We’re talking about David J. Stern of Plantation, Florida, a leading lawyer to banks and financial services companies in mortgage-related and foreclosure proceedings.
Over the holiday weekend, the New York Times ran a lengthy article, by Gretchen Morgenson and Geraldine Fabrikant, focused on Florida’s new foreclosures-only courts. Florida’s court system has been so overwhelmed by foreclosure proceedings that the state earlier this year set aside $9.6 million to establish foreclosures-focused courts around the state, presided over by retired judges.
One of the major players in the new court system is David J. Stern, whom the Times describes as “[t]he lawyer most closely identified with Florida’s foreclosure morass.” And for his troubles, this “mystery man within the foreclosure world” has been richly rewarded — very richly rewarded.
Stern went to a fourth-tier law school, but financially he’s running circles around all those Stanford and NYU law grads who wound up as Biglaw partners. His inspiring story shows that, in the end, success in the law is not about where you went to school, but what you’re capable of doing.
Even if you graduated from a non-top-tier law school, if you’re aggressive and smart and entrepreneurial, you can do quite well for yourself. Let’s take a look at David Stern….
An attorney's lovely suburban home was allegedly transformed into A DEN OF SEXUAL SIN....
This story — which could also qualify as a Lawsuit of the Day — is fine, funny Friday fodder. The Minneapolis Star-Tribune reports:
Adam Bunge, an attorney, and his wife, Sarah Bunge, a Lutheran pastor, put their Maple Grove home up for sale and headed off to London this year for a four-month “work holiday.”
While they were gone, they allege in a lawsuit filed last week, their real estate agent used their house and possessions for “unauthorized sexual escapades,” staining their sheets, couch, carpet and other surfaces….
“It feels like we have been violated in every sense of the word,” Adam Bunge said in an interview.
The Bunges weren’t the only ones who were “violated.” In every room of the house. And it got pretty messy up in there….
Longtime Skadden partner Hilary Foulkes, recognized by Chambers and Partners for his expertise in cross-border M&A work, is quite distinctive-looking. And so is his Cape Cod vacation house, in Chatham — which is causing some trouble with the locals.
Hilary and Tina Foulkes — we thought they were lesbians, until we saw his photo — have given their house a very unusual paint job. The Cape Cod Times describes it as containing “[s]hades of neon green, lime green and citrus yellow.”
Village resident Norm Pacun calls the house “hideous” and “not what’s appropriate.” It certainly stands out in a neighborhood of New England white clapboards.
What do you think? Check out a photo and find out why the Foulkeses may have painted the house this way, below the fold….
Who knew that zoning law and land use could be so controversial? A proposal to build a Muslim center and mosque just two blocks away from Ground Zero has become a huge issue here in New York — and, in fact, around the country.
Opponents of the project — originally known as Cordoba House, but now more commonly referred to as Park51, a 15-story tower that will contain a mosque, 500-seat auditorium, and swimming pool — had hoped to stop the project by winning landmark status for the building currently on the site. This morning, however, NYC’s Landmarks Preservation Commission voted 9-0 against granting protected status to 45-47 Park Place in lower Manhattan, which will be demolished to make way for the $100 million center.
Of course, this controversy is about so much more than granting landmark status to a random downtown building designed by an unknown architect….
This week seems to be Cardozo Law School week here at Above the Law. Yesterday we wrote about Jeremy Weg, a studious rising 2L who posed a question to The Ethicist. Today we bring you the story of Catherine Haldy Jarman, a 2010 Cardozo Law graduate who just bought a fabulous piece of real estate: the Manhattan condo formerly owned by television pundit Alan Colmes, ex-sidekick of Sean Hannity on Hannity & Colmes. The sale price: a cool $1.725 million (marked down from an original $1.99 million).
The triplex penthouse loft boasts two bedrooms, two bathrooms, and over 1,500 square feet of (gut-renovated) living space. It includes one of the most coveted commodities in Manhattan real estate: outdoor space, in the form of a private roof deck, accessed through a solarium. Fourteen-foot ceilings, a wood-burning fireplace — this is not a typical apartment for a law student, which Catherine Jarman was a few short weeks ago.
How could Jarman afford such an expensive place? And what other celebrities — Alan Colmes is admittedly C-list — have lived in the building?
In May 2006, then-Judge J. Michael Luttig made major news in the legal world by resigning from the U.S. Court of Appeals for the Fourth Circuit to become senior vice president and general counsel of aerospace giant Boeing. Luttig served as a Fourth Circuit judge for almost 15 years, during which time he reigned as the #1 feeder judge, sending almost all of his clerks into Supreme Court clerkships, and came extremely close to becoming a justice himself.
Luttig’s resignation from his life-tenured Fourth Circuit judgeship came as a shock to many (and was viewed by some as “taking his toys and going home,” after he got passed over for the SCOTUS seats that ultimately went to John Roberts and Samuel Alito). But Luttig, who’s only 56 — he was appointed to the Fourth Circuit at the tender age of 37 — seems to be enjoying the new challenges of serving as GC of a large public company.
During his four years at Boeing, Luttig has given its in-house ranks a major makeover. He has brought in some top talent, including at least four Supreme Court clerks: John Demers (OT 2005/Scalia), Grant Dixton (OT 2000/Kennedy), Brett Gerry (OT 2000/Kennedy), and Jake Phillips (OT 2004/Scalia). Is there any in-house legal department with more former Supreme Court clerks than Boeing? Don’t forget to count Luttig himself, who clerked for Chief Justice Burger (OT 1983), after clerking for then-Judge Scalia on the D.C. Circuit.
UPDATE: Boeing boasts at least eight (8) SCOTUS clerks. Here are three who were inadvertently omitted from the original version of this post: Bertrand-Marc Allen (OT 2003/Kennedy), Lynda Guild Simpson (OT 1984/Powell), and Eric Wolff (OT 2000/Scalia).
And Luttig has given his net worth a makeover, too. At the time of his May 2006 resignation, federal circuit judges earned $175,100 a year. As executive vice president and general counsel of Boeing — the country’s largest aerospace and defense company, #28 on the Fortune 500 — he makes millions.
Luttig no longer has to worry about covering college expenses for his two kids (which he cited in his resignation letter as a reason for leaving the bench). And this past May, he and his wife, Elizabeth Luttig, bought a fabulous second home in beautiful Kiawah Island, South Carolina.
How much did Mike Luttig pay for his new place? And how does the price tag compare to his in-house compensation at Boeing?
If you are superstitious, then the house shown at right (click to enlarge) — 1509 Swann Street NW, Washington, DC — is not the house for you. It is the house in which promising young lawyer Robert Wone — a former associate at Covington & Burling, and general counsel for Radio Free Asia at the time of his death — was murdered.
The murder took place almost four years ago, on August 2, 2006. Three former residents of 1509 Swann — former Arent Fox partner Joseph Price, his domestic partner Victor Zaborsky, and their lover, Dylan Ward — were recently found not guilty, after a bench on trial on obstruction of justice and conspiracy charges (but not murder).
Their former house is currently on the market. Says our source:
Get a peek inside the house. For $1.6 million, I would expect my home to not have been the scene of a murder — but then again, nothing surprises me in DC real estate.
The house’s history may be troubled, but there’s a lot to like about it….
Christopher Boutlier, male model turned interior designer.
Over the long weekend, the Washington Post magazine treated us to a delicious inside look at the gorgeous home of Christopher Boutlier, an interior designer, and his partner, Aaron Flynn — a lawyer. Flynn practices environmental and administrative law in the D.C. office of Hunton & Williams.
Flynn may be a mere associate, but he lives like a partner: he resides in D.C.’s desirable Dupont Circle neighborhood, in an 1,110-square-foot condominium; he has an art collection; and he sleeps with a model. (The fine-featured Boutlier was a model before becoming an interior decorator.)
Former Akin Gump partner Ken Mehlman — a 1991 graduate of Harvard Law School, just like Obama, but more known for his work in politics, also like Obama — has purchased a fabulous new Manhattan apartment. Mehlman, a former chairman of the Republican National Committee, is settling in Chelsea, which has raised someeyebrows.
So how much did he pay for his place? And what does it look like?
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
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.