Finance and Accounting Principles for Lawyers
Philadelphia, PA
April 26, 2013

More and more, knowing and understanding the fundamentals of accounting and finance principles is becoming a requisite for lawyers. This session, geared specifically for practicing attorneys, will teach you the basics of accounting and how to read the balance sheet, income statement and cash flow statement. You’ll learn about fraud and manipulation as well as Sarbanes-Oxley and how lawyers are impacted.

This is an interactive session with an opportunity to ask questions, review case studies and complete problem sets that will help make the concepts clear and relevant. Lawyers who have attended these sessions have given them rave reviews, praising how clearly and simply the concepts were explained and taught.

BARBRI has introduced this new professional development offering, exclusively for legal professionals, to help them broaden their business acumen in order to better serve their clientele. Our financial skills courses help lawyers truly understand financial concepts, allowing them to “speak the language” of their clients. Courses are relevant for attorneys in all practice areas and for all levels, from associate to partner. Courses are accredited for CLE. Visit www.onedaymba.org to learn more.

Your first instinct may be to use the entire thing to pay off part of that epic student loan, but here’s how to divvy up your paycheck the right way—so you can cover rent on your pad, debt repayments and those requisite happy hours.

When that first huge chunk of money hits your bank account, you may just get stars in your eyes. Suddenly, table service every Saturday night, a sweet loft and a rotating tie rack of Hermés ties (or Theory blouses, if you’re of the female persuasion) all seem within reach.

But think back to your bankruptcy law course. It’s crazy how people can blow through all of their assets, right? To avoid the same fate, take this quick crash course in how to divide up your earnings like a boss—ahem, partner.

For starters, let’s discuss some general guidelines, which make up what we like to call the 50/20/30 Rule:

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Logan Harper is the community relations coordinator for MPA@UNC, an online master’s degree in public administration offered through the University of North Carolina at Chapel Hill. He is also a contributor to Online MPA Degrees — a top resource for MPA rankings. Follow Logan for program updates and news: @MPAatUNC.

The Freedom of Information Act (FOIA) requires the federal government to disclose government records to private individuals after they submit a formal request. While the FOIA only applies to the federal government, each state in the U.S. has developed similar laws governing the disclosure of government records under “right-to-know” laws. In the years following 9/11, the use of security cameras has become increasingly common. As a result, the question of whether or not the videos created by these cameras are “public records” under the local right-to-know laws has become an important topic for discussion.

Videos are Public Records

Generally speaking, records created and kept in the course of government business must be disclosed under right-to-know laws unless there is an exception that prevents disclosure of all or part of the record requested. Video recordings, whether on tape or in a digital medium, with or without an audio component, are considered public records for the purpose of right-to-know laws, even though they are not a traditional “writing.” Thus, the question becomes whether or not there is an exception that prevents their disclosure.

The Privacy Exception

Privacy is one exception that is often raised by local governments to reject a request for disclosure and is an increasing concern with respect to the disclosure and production of security videos.

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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: asia@kinneyrecruiting.com.

We hesitate to make big predictions on the China economy, since we don’t employ economists at Kinney and even those folks have a hard time making such predictions with any accuracy recently. However, we do have our own set of data points to go on that are unique in the US biglaw industry in Asia. We have been cautiously optimistic since late October that ’13 looks to be a very good year HK / China.

Our Asia team is in daily contact with partners at top US and UK firms in Asia, especially in HK / China, where our Asia team has made more US associate placements than any other recruiting firm over the past 5 years. In fact, our Evan Jowers has alone made more than 150 US associate placements in Asia in the past five years. All of this activity gives our Asia team the opportunity to have close relationships with most of our firm clients in Asia. Evan Jowers and Robert Kinney have developed friendships or at least close business relations with most of the key US hiring partners in HK / China over the years and this enables them to get on the phone and have in person meetings with such persons on a regular basis.

Since November, we have noticed a much more positive outlook in HK / China from our US partner contacts there. Evan Jowers and Robert Kinney make frequent trips to Hong Kong and other Asia markets and it is not unusual for them to have 8 meetings per day with US partners while on such trips (its a lot of coffees, beers and diet cokes). These conversations usually focus in large part on how busy the partner’s practice has been and expectations in coming months and the following year, as well as the state of the market in general.

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No other law firm in history has voluntarily waived $500,000 in legal fees and absorbed $100,000 in expenses simply to help 500 first-time entrepreneurs incorporate; but that’s exactly how Jeff Unger, Los Angeles-based attorney and founder of eMinutes, a corporate law firm, spent most of the last 12 months. Today, Mr. Unger announced he is ready to do it again, this time waiving nearly three-quarters of a million dollars — $725,000 — to help 725 first-time entrepreneurs in California, New York, Texas and the District of Columbia form their businesses for free. To learn more about the program, visit http://eminutes.com/entrepreneurs.

eMinutes is a corporate law firm with a very narrow focus.  For more than 15 years, the firm has formed corporations and LLCs for A-list celebrities, athletes, musicians, and entrepreneurs.  Its $135/year eMinutes Entity Management service handles the corporate minutes and Secretary of State filings for more than 12,000 companies.


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: asia@kinneyrecruiting.com.

As our regular readers know, Kinney Recruiting has always been a big supporter of the Chinese Business Lawyers Association. Please note that the CBLA will be co-hosting (along with Asian Pacific American Law Students Association) a career panel at Yale Law School this Thursday evening. You are welcome to attend, if you can make it out to New Haven. These career panels are a great way for law students and major law firm associates to learn more about working as a biglaw associate in Asia and how to best position one’s early career for an easier lateral move to (or a career start in) Asia in the future. As usual, our Evan Jowers will be participating on the panel and will be available before and after the event to meet individually with those interested. Evan will also be available for meetings in NYC parts of Thursday, Friday and Saturday.

Also, please note that the CBLA will be having its 2013 Lunar New Year Banquet this Friday evening at S. Dynasty Restaurant in NYC. This event was originally scheduled for February 8, but was postponed due to the winter storm Nemo. Please feel free to stop by Kinney’s table at the dinner if you would like to meet with our Evan Jowers and Danielle Cyr there.

The Yale career panel will be held at room 120 at Yale Law School and will begin at 6.30pm Friday, February 28, with wine & cheese served beforehand at 6.10pm.

The panelists are:

• William Primps, Partner, Dorsey & Whitney (Yale Law School class of 1974)
• Xiaowen Qiu, Partner, Sidley Austin
• Xiu-Kay Hung, Associate, Shearman & Sterling
• Evan Jowers, Managing Director, Kinney Recruiting
• Jonathan Birenbaum, Director, Lateral Link
• Geoffrey Sant, Special Counsel, Dorsey & Whitney

Here below are the details for the CBLA Lunar New Year Banquet:

S. Dynasty Restaurant
511 Lexington Avenue 2nd Floor, New York, New York 10017
Open Bar: 6:30 pm
Dinner: 7:30 pm
* * *
2013 CBLA Special Award:
Mr. Ko-Yung Tung, Morrison Foerster
* * *
Performance by the New York Chinese Cultural Center
Raffle Prizes
* * *
Please contact events@cblawlaw.org for tickets

Lawstudentcoach.com works one-on-one with students to produce an individualized game plan for exam taking — individualized to the student and to the professor. This article will discuss some of the things that a student entering the exam with a game plan will do.

Your exam prep has been completed. The day of the exam has arrived. Here’s how using a game plan will ensure success.

First, the game plan should be based on use of this professor’s prior exams and by examination of what skills this professor models in class. Based on that, the student should enter the exam with a list of issues and concepts that are most likely to be on the exam. Write that list before reading the exam, and keep it in mind as you read. This will help with issue spotting in two ways: (1) it will be easier to spot the key issues if you have them in mind as you read; and (2) if your first read of the exam question does not appear to raise some key issue or group of issues, you want to review the question. Remember, the exam is not just about answering the question. It is about answering the question in a manner that earns the most points.

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  • 20 Feb 2013 at 3:53 PM
  • Uncategorized

MPA@UNC

Delivered in a flexible, online environment, MPA@UNC is a graduate degree that prepares you to be an effective public service leader. You’ll benefit from the same top-ranked UNC School of Government curriculum, courses, and renowned faculty as our full-time program students. Whether your passions lie in managing and leading local, state, or federal government or nonprofit organizations, the MPA@UNC program can help you build upon your skills and expertise. Learn more here.


The Role
Westridge Partners are working with three top-tier firms who are actively looking to grow their US Capital Markets practices in London. Successful candidates will earn market-leading salaries as well as a generous COLA, a relocation allowance and a merit-based bonus. Associates will work with lawyers in the U.S. Securities group and partners and lawyers in the finance, private equity and capital markets groups throughout the EMEA region, advising issuers, investment banks and others on a full range of finance and capital markets transactions but with a specific focus on high-yield transactions.

Requirements
The positions require experience of US capital markets with an internationally recognized law firm. You will have drafted, reviewed, and negotiated primary and ancillary high-yield documentation including indentures, intercreditor agreements and related documents. You will be comfortable drafting and negotiating high-yield covenants and understand complex financial terms. You will have experience providing client guidance on all aspects of a high-yield transaction and have a strong working knowledge of the variety of structures used on high-yield offerings. You will have experience in acquisition finance transactions, including working with term sheets, engagement letters and multiple tree bidding scenarios, and have exposure to the specific requirements of private equity bidders. You should also have extensive experience of the US Securities Act of 1933, the US Securities Exchange Act of 1934 and the US Investment Company Act of 1940.

Key Attractions
• Experience living and working in London, the leading financial hub in Europe
• Work on groundbreaking deals for major international clients
• Opportunities to be seconded to clients and work in offices around the world

For more details please e-mail henryallan@westridgepartners.com.


The National LGBT Bar Association will host the New York Regional Corporate Counsel Institute and Out & Proud Award Reception on February 28, 2013. This will be the first time that the LGBT Bar is adding an educational component to its annual New York Out & Proud Corporate Counsel Award Reception.

The Institute, which will be held at JPMorgan Chase’s offices in midtown Manhattan, will feature workshops on topics specific to attorneys in corporate legal departments. Only corporate counsel are invited to attend to ensure that the discussion stays at a high level and is applicable to all attendees. Panels will be held on compliance, finding diverse legal service providers and effective collaboration between law firms and corporate legal departments. For the final panel on collaboration, law firm representatives from sponsoring organizations will be invited to participate to encourage successful partnerships. Speakers hail from leading organizations across the country such as Coca-Cola, Microsoft, Wells Fargo and Xerox.

Immediately following the program at JPMorgan Chase, attendees are invited to participate in Informational Interviews with representatives from our sponsoring firms. This program is an easy way for in-house counsel facing mandates to diversify their vendors to establish personal connections with outside lawyers in the LGBT community.

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