Teresa and Joe Giudice, famous for their roles on the Real Housewives of New Jersey, have entered guilty pleas in their federal bank fraud case. Media outlets are reporting that Teresa faces 21 to 27 months and Joe is facing 37 to 46 months.
The plea agreement reached is not one with a sentence specified. In reality, the sentencing range is a suggested sentence under the guidelines; the court is free to sentence them up to the maximum of 50 years. Of course, it is highly unlikely that either Joe or Teresa would be sentenced to 50 years. My prediction is that Teresa gets probation and Joe gets two to three years.
Just a day after genius legal impresario and sledgehammer enthusiast Jamie Casino reportedly landed a new reality show called Casino’s Law, a new lawyer has entered the hallowed halls of epic advertising.
The quote in the title is not paraphrasing. It is absolutely a line from the three minutes and 27 seconds of awesomeness that is this ad.
19 Recordings, the entity that enters into record deals with the recording artists who win American Idol, has sued Sony Music for allegedly stealing millions of dollars after underpaying the company in terms of royalties. The 33-page complaint, available after the jump, opens with a list of American Idol success stories and then documents in detail how Sony Music reportedly stole millions from them.
According to the suit, Sony misclassified streaming music sales to pay 19 Recordings less than what the company was owed. Another claim is that Sony was supposed to obtain approval from 19 Recordings after a certain ceiling cost for advertising was reached, but Sony failed to seek that approval before spending 19 Recordings’ royalties without its consent. The remaining allegations similarly claimed underpayment for royalties, improper passing of expenses on 19 Recordings, not allowing 19 Recordings to audit all of Sony’s books, and claims related to royalties for individual artists.
Interestingly, 19 Recordings filed in federal court. 19 Recordings is the little guy in this action — with the backing of name brand stars — and it seems that the company might fare better in state court. The suit comes just after Season 13 of the show premiered on Fox. The suit seeks $7 million in damages and $3 million in prejudgment interest.
* If your firm has not yet given in to the demands of corporate clients for more reasonable billing structures, please be aware that a) your firm is behind the times, and b) you better be prepared to get your white shoes scuffed. [Boston Globe]
* Mirror, mirror, on the wall, which is the fairest firm of them all? According to the 2014 Acritas Brand Index survey, Skadden is the firm on everyone’s mind — for the third year in a row. They must be doing something right. Congrats! [Am Law Daily]
* Trendspotting: Because fast-growing technology equals fast-growing money when it comes to the law, LeClairRyan is the first second firm in the U.S. to open up a drone practice group. [Richmond Times-Dispatch]
* Bachelorette-in-waiting Andi Dorfman was granted an unpaid leave of absence from her job as an ADA to star in this summer’s edition of the reality show. We guess her boss gave her career a rose. [Daily Report]
Ed. note: Please welcome Jenny M. Brandt, who will be covering celebrities and the law. You can read her full bio at the end of this post.
Real Housewives of New Jersey table-turner Teresa Giudice was indicted with her husband for a slew of charges including mail fraud, wire fraud, bankruptcy fraud, and making false statements on a mortgage application. Giudice has filed for a separate trial from her husband, Joe. The motion, available via PACER, reveals interesting details about the alleged fraud…
As 2013 draws to a close, let’s look back at the 10 biggest stories in the legal profession over the past year. This is an annual tradition here at Above the Law, which we’ve done in 2012, 2011, 2010, and 2009. We’ll fire up the old Google Analytics machine to get data on our most popular posts, based on pageviews, and share the results with you.
Before turning to specific stories, let’s look at the top general discussion topics here at ATL. For 2013, our most trafficked category page was Biglaw, which bumped Law Schools out of the top spot — a spot that Law Schools held from 2010 through 2012. Now that the word is out about the perils of getting a law degree, leading to plummeting applications, perhaps it’s time to move on from the “don’t go to law school” narrative.
After Biglaw and Law Schools, our third most-popular category page was, as usual, Bonuses. This wasn’t a terribly exciting year for bonuses — there were no spring bonuses, and Cravath and its many followers paid out the same bonuses as last year — but people still want to know the score.
Our fourth most-popular category page was small law firms. Small firms, including boutiques, are an area of increasing focus and readership for us — and also where many of the job opportunities are these days.
Moving on from the topic pages, what were the 10 most popular individual posts at Above the Law in 2013?
* Another lawyer is going on The Bachelor! This time it’s Andi (pictured), a Wake Forest Law grad who is described as a federal prosecutor (though other sources say she works at the district attorney’s office). She says she got a murder conviction in 8 minutes, which is impressive for someone who graduated last year. Like, hard-to-believe impressive. Well, now she’ll be trading in all that self-respect for roses and 15 minutes of reality TV fame. [Huffington Post]
* The law of underground trespassing — when drilling sends contaminants into neighboring land. “I poison your milkshake. I poison it up!” [Breaking Energy]
* At least a couple readers have had a bad exam experience already this term. Here’s how to deal with it. The advice is pretty good except for advising you to avoid alcohol. Alcohol is always the answer. [Law School Toolbox]
* It’s time to start making moves to improve your long-term quality of life. [Law and More]
* Kevin Underhill of Lowering the Bar has a new book about all the stupid laws on the books out there. It’s called The Emergency Sasquatch Ordinance. [Lowering the Bar]
* When you hear about the similarities between Obamacare and the Heritage Foundation plan from the old days, recognize you’re getting spun. [Lawyers, Guns & Money]
* Trying to balance out religious symbols in public spaces for the holidays is dumb. All you need is the Festivus pole. Lest you forget the story of Festivus, there’s a video embedded beyond the jump…. [PrawfsBlawg]
Well la dee da! Future lawyers of America, welcome to the show. She’s not a lawyer yet, so don’t hate her; root for her to win this….
– Drew Carey, host of The Price Is Right, upon learning that contestant Monique Boyce is a Georgetown law student (around 19:10 in the video). Congratulations to Monique on winning the Showcase Showdown!
Andrew Kravis, recent Columbia Law School grad and new millionaire.
Congratulations to Andrew Kravis. He graduated from Columbia Law School this past May, but he’s already earned enough money to pay off all his student loans.
And no, he doesn’t work at a hedge fund or private equity firm. He doesn’t even work in Biglaw. He’s a public interest lawyer, about to start a fellowship at Lambda Legal, the nation’s oldest and largest legal organization working for LGBT civil rights. He was honored upon graduating from CLS as one of two students “who have demonstrated outstanding achievement in the furtherance of lesbian, gay, bisexual, and transgender rights.”
So how did this outstanding do-gooder also do so well? How did he earn enough money to pay off all his student loans, and then some — a cool $2.6 million, to be exact?
It looks like this ‘real’ housewife needs to get a real lawyer.
* The debt “vultures” are still circling Argentina’s carcass, but later this month, the justices of the Supreme Court will convene to decide whether or not they’ll take up the country’s bond case. [DealBook / New York Times]
* Judge Robert Wilkins managed to sail through his D.C. Circuit confirmation hearing before the Senate Judiciary Committee with great ease, but let’s see what happens when he gets to the full Senate. [Blog of Legal Times]
* An in-house attorney in Pennsylvania was suspended from the practice of law for six months because he attached a camera to his shoe to secretly film up women’s skirts. What a classy dude. [Legal Intelligencer (sub. req.)]
* Massive open online courses are trending in the world of higher education, and some law schools — e.g., Harvard and Northwestern — decided to get on the bandwagon while the getting’s good. [National Law Journal (sub. req.)]
* “I’m prepared to drop everything and go to law school,” says the man appealing his age discrimination suit against Baylor Law School because his GPA predates grade inflation. [Texas Lawyer (sub. req.)]
* The man who represented cast members of the Real Housewives of New Jersey was arrested for the unauthorized practice of law. We bet these “reality” TV stars wish they had a real lawyer. [Bergen Record]
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.