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:
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.
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.
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
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2013 CBLA Special Award:
Mr. Ko-Yung Tung, Morrison Foerster
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Performance by the New York Chinese Cultural Center
Raffle Prizes
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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.
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
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.
Our client is a high profile, but discreet global investment house based in Abu Dhabi. With an extremely strong existing diet of deals and a very healthy pipeline, our client is now seeking to hire a number of additional lawyers for its established legal team based in Abu Dhabi. These are exceptionally rare roles requiring extremely talented lawyers to work on a wide range of high value and often complex funds transactions.
Please send your resume to Elizabeth Williams at EWS elizabeth@ews-search.com or call her for a confidential discussion on +971 55 211 1189. This mandate is being handled exclusively by Elizabeth and any direct or third party applications will be forwarded to her for her consideration.
We at Kinney Recruiting have a long standing relationship with the Chinese Business Lawyers Association and have placed in HK / China many of their members, including past officers and board of directors members. The CBLA will be having their busiest calendar to date in 2013, with many events being planned (Kinney’s Evan Jowers, will be at many of these events, including on various discussion panels).
Please note that CBLA will be holding an informative and interesting seminar on Monday, January 28 at Fordham Law School -”Deals and Suits: Challenges and Opportunities for Chinese Companies Doing Business in the United States,” jointly presented by CBLA and Fordham Law School at McNally Amphitheatre of Fordham Law School on Monday, January 28, 2013 at 6 p.m.-8 p.m.
The program includes two parts: Suits: Litigation Challenges Facing Chinese Companies in the United States
• Moderator: Professor Carl Minzner
• Long Arm Jurisdiction, The Honorable Denny Chin
• Client-Related Issues, Geoffrey Sant and Lanier Saperstein
• Intellectual Property Litigation, Professor Mark Cohen
Deals: Mergers, Acquisitions, and Capital Markets
• Moderator: Professor Sean Griffith
• The Chinese Firm Perspective, Alex Hao
• The U.S. Firm Perspective, Selig Sacks
• The Investment Banker Perspective, Euan Rellie
Check-in starts at 5:30 p.m. Reception will be held at Fordham Law Platt Atrium at 8:00-9:00 p.m.
Admission is free for CBLA Members and Friends with prior registration. Due to limited seating, please RSVP to events@cblalaw.org at your earliest convenience.
We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at asia@kinneyrecruiting.com in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
In a land that is right here and in a time that is right now, a technology has arisen so powerful that it can replace basic human document review. Is it time to bow down before our new robot overlords?
First, here’s a little story about me: my life in the legal world began as a paralegal. My first case was a GIANT patent infringement case that was already six years old and had involved as many as five companies, multiple US courts, the ITC and an international standards committee. I knew nothing about any of this.
On my first day, my supervisor (a paralegal with at least eight other cases driving her crazy) sat me down in front of a Concordance database with a 100,000+ patents and patent file histories. “Code these,” she said. I learned that “coding”, for the purposes of this exercise, meant manually typing the inventor’s name, the title of the patent, the assignee, the file date, and other objective data for each document. I worked on that project – and only that project – for at least the first six months of my job. After a week or so, time began to blur.
What I know, in retrospect and with absolutely certainty, is that as time began to blur, so did my judgment. So did my attention to detail. If you could tell me that I did not make at least one mistake a day – one inconsistent spelling, one reversed day and month, one incorrectly spaced title – I frankly would need to see your evidence. I would not believe it. The human mind is trainable but it is not a machine.
Watch to find out what some of our subscribers received in their May box!
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The traditional job application and interview process can be impersonal, and applicants often struggle to present themselves as more than just the sum of their GPAs, alma maters, and previous work history. ATL has partnered with ViewYou to help job seekers overcome this challenge. ViewYou NOW Profiles offer a unique way for job seekers to make a personal, memorable connection with prospective employers: introduction videos. These videos allow job candidates to display their personalities, interpersonal skills, and professional interests, creating an eDossier to brand themselves to potential employers all over the world. Check it out today!
