Late last night, Congress passed a compromise tax bill that will, among other things, cap the estate tax at 35% (with a $5 million exemption). If not for this compromise, the estate tax would have returned in 2011, at rates as high as 55 percent (with a $1 million exemption).
Hallelujah. Anytime you can save wealthy dead people millions of dollars during a time of crushing federal deficits, that’s something you just have to do. Way to go, Obama. When I voted for you in 2008, really I was just trying to vote for four more years of Bush’s ruinous fiscal policies.
Obama isn’t just saving money for all the dauphins eager to get their hands on their inheritances; he could be saving lives. Duke Law professor Richard Schmalbeck apparently thinks that rich old people might have killed themselves in droves over the next two weeks. Schmalbeck suggests that after spending a lifetime working hard and earning money, hundreds “or even a few thousand” of the aging rich might have committed suicide in the waning days of 2010, in order to pass on as much of their money to their children as they can before the estate tax returns in 2011.
I shudder to think that somebody would commodify their own life in such a way. But then again, I’m not rich. Maybe you only get rich in this country by being the kind of person who would gladly kill yourself if the price is right…
Mark Madoff, the oldest of Bernard Madoff’s two sons, committedsuicide on Saturday, by hanging himself in his Manhattan apartment. Saturday was a significant day: the second anniversary of Bernie Madoff’s arrest for running a multibillion-dollar Ponzi scheme.
Mark Madoff’s lawyer, prominent Paul Weiss partner Martin Flumenbaum, issued a statement yesterday: “Mark Madoff took his own life today. This is a terrible and unnecessary tragedy…. [Mark Madoff was] an innocent victim of his father’s monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo.”
Flumenbaum wasn’t the only powerful Paul Weiss personage named “Martin” with involvement in this case. Mark Madoff’s body was actually found by legendary litigator Martin London, a longtime partner at the firm who is now of counsel at PW.
As noted on his Paul Weiss website bio, “[t]he gamut of Mr. London’s successes is vast.” But his experience is primarily on the civil side, with occasional forays into white-collar criminal work. His docket generally doesn’t include violence and death; he’s not the kind of lawyer who sees dead people (e.g., a homicide prosecutor).
Once again, I think my core principles here are sound: children shouldn’t kill themselves, children shouldn’t be incarcerated because other children kill themselves, and children should learn appropriate coping mechanisms when faced with embarrassment and humiliation.
As we all know, I have an insatiable appetite to offend and then devour fresh souls, but I become particularly strong when I can drink the tears of children. Kelly did everything she could to keep me from sounding like a raving lunatic who likes putting babies on spikes, but some people will come away convinced that I’m a heartless sociopath.
What do you think? Take a look at the clip, and let me know just how bad karma will eventually bite me on the backside…
They had to set the Karate Kid remake in China. If they had set it in modern-day America, Daniel-san would have been mercilessly bullied by the kids from Cobra Kai, he would have killed himself, and the rest of the movie would have been a courtroom drama where Daniel’s parents sought to bring the evil sensei to justice in the form of a multi-million dollar civil suit.
You see, American children apparently have become so fragile, and Americans parents so litigious, that schoolyard bullying is as likely to be settled in a court of law as it is behind a dumpster out back where boys used to handle their disagreements. I used to tell my mother that nobody ever died from embarrassment, but apparently I was wrong. The ABA Journal reports that there’s been a veritable outbreak of children committing suicide in Ohio because they were hounded by mean kids. And that story doesn’t even take into account the Tyler Clementi situation.
And when kids kill themselves, parents are increasingly turning to the courts to stand up to the bullies in a way that used to be accomplished via a flush crane-kick to the face.
It needs to stop. No, not the bullying — which is unavoidable when more than one male competes for whatever status/prestige/sex is on offer — but the tragic overreactions to the bullying, and the accompanying rush to the courthouse steps.
I say this not as an alpha-male with a caviler attitude towards the feelings of others. I say this as a former omega-male who got the crap beat out of me like I stole something from the age of 7 through the point I realized that no girl would ever mate with a guy who couldn’t basically stand up for himself….
Molly Wei didn't stop her friend for using her computer; now she could end up in jail.
Prosecutors looking into Tyler Clementi suicide indicated yesterday that they might not be able to charge Dharun Ravi and Molly Wei with a hate crime. Middlesex County Prosecutor Bruce Kaplan told the Newark Star-Ledger that his office was trying to see if they could charge Ravi and Wei with a second degree bias crime, but so far they don’t have enough evidence to support such a charge.
Right now, Ravi and Wei are charged with invasion of privacy, which carries a maximum sentence of five years in jail.
Given that some people have pushed for prosecution that goes all the way up to homicide charges, the possibility that Ravi and Wei won’t be charged with a hate crime (or burned at the stake, or whatever the hell will satisfy people’s revenge impulse) will disappoint many — perhaps including prosecutor Kaplan, who said: “Sometimes the laws don’t always adequately address the situation. That may come to pass here.”
And sometimes the public’s outrage completely outstrips the actual crime committed. I’ve already shared my thoughts about Dharun Ravi’s crime. Now let’s take a closer look at Molly Wei — a girl who, as far as we know, is guilty of letting a high school buddy use her computer…
Over the past few days, we’ve learned a lot about Tyler Clementi, the Rutgers college student and talented violinist who killed himself after his roommate streamed, live on the internet, a hidden webcam video of Tyler hooking up with another man. On September 22, a few days after the incident, Clementi committed suicide by jumping off the George Washington Bridge.
Former ATL editor Kashmir Hill has learned even more. She’s been tracking Clementi’s digital footprints, and found that he went to a message board for gay men seeking counsel after he learned of his roommate’s prank.
I used the word “prank” because that’s how I see the actions of Tyler Clementi’s roommate, Dharun Ravi. Ravi is an 18-year-old kid in his first semester at college. Along with a friend, Molly Wei, Ravi pulled a prank on his new roommate — one that went horribly wrong.
Because Clementi killed himself, the media has worked itself into a rabid lather over Ravi’s and Wei’s actions. The story was all over the New York Times yesterday. Michael Daly criticized Ravi so harshly I thought I was reading about some kind of modern day Billy Zabka in the New York Daily News this morning. Some gay rights groups want Ravi to be charged with a hate crime.
Before we crucify this college freshman, I have a couple of questions…
* Real Wall Street types opine on Wall Street: Money Never Sleeps. I’m using their input for the screenplay I’m working on, Wall Street: Money Flees America. [Hellerman Baretz]
* Let’s be clear: we need more lawyers. We just need them to work for poor or lower-middle-class clients. Wouldn’t it be awesome if law school tuition came down so that more people could do this work? Otherwise, we might just have to find a way to obviate the need for lawyers altogether. [Truth on the Market]
We really don’t like writing about murders, suicides, and murder suicides here on Above the Law. They are always sad, the loss of human life is always tragic, and it’s really hard to be funny/snarky/edgy when people have died.
That said, we have to go where the news takes us, and so we press on today with a roundup of people in the legal community who recently met untimely ends. A Department of Justice lawyer took his own life, and an office manager for Townsend and Townsend and Crew allegedly killed her estranged husband, before turning the gun on herself…
Clare Lenore Stoudt, a 35-year-old mother of five, was found dead in her home over the weekend. Stoudt was a tax associate at Pillsbury Winthrop. According to the ABA Journal, authorities believe that Stoudt may have been the victim of a murder-suicide:
The father of her three youngest children, Reginald Van Graves, 49, also was found apparently shot to death in the Howard County home, and a gun was in the vicinity, authorities say. A custody case over the three children, aged 2, 5 and 7, had begun less than a week earlier in Howard County Circuit Court.
The Howard County Times reports that police say the deaths may have been a murder-suicide. Autopsies have not yet been completed, however, and the investigation has not concluded.
Christine Kearns, managing partner for Pillsbury’s D.C. office, released the following statement for the firm….
A couple of weeks ago, we talked about the decision by Philip Markoff, aka the Craigslist Killer, to take his own life. Today we’re seeing another version of that kind of thinking — less high-profile, less fatal, but still pretty harrowing.
The Dallas Morning News reports that a Texas man slashed his own throat — in the courtroom — after receiving a 40-year sentence for assault:
Marcial Michael Anguiano pleaded guilty to aggravated assault for cutting his niece with a butcher knife. After state District Judge Larry Mitchell announced Anguiano’s sentence, Anguiano cut himself with a razor blade.
“As soon as the judge sentenced him, I saw him do something with his right arm,” said Anguiano’s defense attorney, Juan Sanchez. “I turned and he cut himself with something he had brought into the courtroom.”
After Markoff offed himself, Professor Douglas Berman wrote on his blog, Sentencing Law and Policy, that from a utilitarian perspective we should be happy about Markoff’s suicide. But here Anguiano’s self-mutilation was a disaster, from a utilitarian point of view, for the state of Texas…
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 seven years. You can reach them by email: firstname.lastname@example.org.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.
If you are considering a virtual law practice, you know that many of today’s solo firms started that way. But why are established, multi-attorney law firms going virtual?
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:
Reduces malpractice risk
Enables you to gather the best attorneys to fit the firm, regardless of each person’s geographic location
Leverages mobile devices and cloud technology to enable on-the-spot client and prospect communication
Transitioning in-house is something many (if not most) firm lawyers find themselves considering at some point. For many, it’s the first step in their career that isn’t simply a function of picking the best option available based on a ranking system.
Unknown territory feels high-risk, and can have the effect of steering many of us towards the well-greased channels into large, established companies.
For those who may be open to something more entrepreneurial, there is far less information available. No recruiter is calling every week with offers and details.
In sponsorship with Betterment, ATL and David Lat will moderate a panel about life in-house and we’ll hear from GCs at Birchbox, Gawker Media, Squarespace, Bonobos, and Betterment. Drinks, snacks, networking, and a great time guaranteed. Invite your colleagues, but RSVP fast, as space is limited.