It’s been an eventful couple of weeks between the NCAA Tournament and the Worst Law School bracket. Maybe the Warren Buffett billion dollar bracket didn’t work out, but I am guaranteed to win the ATL bracket, which is pretty sweet.
So you will forgive me for not noticing this until now. While perusing Law School Lemmings, I noticed this gem:
* This guessing game is over, even though we’d guessed this from the start. After decamping from the Securities and Exchange Commission, George Canellos will return to his old stomping grounds at Milbank Tweed. [DealBook / New York Times]
* Heenan Blaikie’s talks may have fallen through with DLA Piper, but another Biglaw firm swooped in to rescue more than 20 of the failed Canadian firm’s survivors. You can call Dentons their knight in shining billable hours. [Globe and Mail]
* You can’t always get what you want. Accused Boston Marathon bomber Dzhokhar Tsaernaev’s trial is scheduled for November 2014, despite his lawyers asking for a September 2015 start date. [Bloomberg]
* A Tennessee lawmaker just introduced the “Turn the Gays Away” bill, which would allow businesses to refuse goods and services to gay people. If this isn’t ‘MURICA, we don’t know what is. [MyFOX Memphis]
* “We have offered generous buyouts—generous by anyone’s standards—and we are now waiting for volunteers.” Yeah, good luck with that. Things don’t look great for profs at Albany Law. [WSJ Law Blog]
As an instructor he’s a bit of a fascist, but you can’t help but feel sorry for Professor Hitler as he finds out that the law school scam is coming to an end. When a law school announced that tenured faculty were on the chopping block, some sharp minds put together a Downfall video to capture the feelings of law professors facing their fears over rejoining the private sector.
* According to the latest Citi report, the Am Law 50 outperformed the rest of their ilk in terms of net profits and profits per equity partner. As for the rest, ha ha ha, enjoy all of your “modest” returns. [Am Law Daily]
* The ABA’s Standards Review Committee is close to a decision on its bar-exam passage standard for accreditation. It’s tough to protect students and law schools at the same time. [National Law Journal]
* Oh my! Professors at Albany Law are incredibly pissed the school would dare imply they suggested lowering academic standards to put asses in seats and stave off faculty layoffs. [New York Law Journal]
* Wendy Davis has left her position at Cantey Hanger, one of Fort Worth’s largest law firms, to dedicate herself fully to her bid to become Texas’ Next Top Governor. You stand, girl! [Fort Worth Star-Telegram]
* Yuna, a Malaysian pop star with a law degree who’s worked with artists like Pharrell, doesn’t think she’ll be able to fall back on her J.D. now that she’s in America. Funny, because many Americans feel exactly the same way. [Pittsburgh City Paper]
As more and more people discover that law school is not the “get rich quick” scheme that they once thought it was, applications continue to plummet. As of late January, law school applications were down 13.7 percent from where they were in 2013. The loss of student revenue is killing the bottom line at some law schools, and members of their administrations don’t like it one bit.
These ivory tower inhabitants seem terrified and are reacting accordingly, having been forced to deal with the dearth of applicants and enrollees in all sorts of ways. Some law schools are doing the right thing and lowering tuition in the hopes of luring students to their once hallowed halls.
Others are hacking and slashing away at their faculty and staff, just like law firms. First came news of the potential purge of junior faculty at Seton Hall (which was fortunately averted). Next came the staff massacre at McGeorge. Then Thomas Jefferson started handing out pink slips, and all hell broke loose.
Which law school is the latest to announce a possible pruning of its ranks? We’ll give you a hint. This law school is located in New York, a state with 15 law schools to choose from, several of which have been sued over their allegedly deceptive employment statistics…
(Please note the multiple UPDATES added to this post.)
* “Those of us from the Midwest think it’s actually easier to hide a child in New York.” Many of the current Supreme Court justices are from New York. How does it affect their jurisprudence? [Washington Post]
* The percentage of women associates in law firms may be down nationally, but in California, the demographic is on the rise — except in Silicon Valley, which is really hardly surprising. [The Recorder]
* Megyn Kelly, who’s been compared to a “brilliant supermodel,” is now considered the brightest star on Fox News, with more than 2.5 million viewers. Albany Law School must be so proud. [Washington Post]
* Class action powerhouse Cohen Milstein Sellers & Toll hired Matthew S. Axelrod of DOJ fame (most recently as Associate Deputy Attorney General) to join the firm as a partner. Congrats! [Law360 (sub. req.)]
* “The fact that rape insurance is even being discussed by this body is repulsive.” Yep. Rape insurance. Apparently that’s a thing in Michigan now, which is pretty unbelievable. The more you know. [MSNBC]
* Here’s a helpful hint for our readers: when you’re trying to get released on bail prior to your jewel heist trial, you probably shouldn’t list your occupation on a court form as “jewelry thief.” [Los Angeles Times]
The best law school professors have practical experience that allows them to draw from personal memory to bring a lesson to life for students. One professor who often lectures students on their ethical obligations can now draw from her own experience to tell students about what happens when lawyers lie to federal judges to help clients perpetrate a fraud.
The irony is scrumptious.
You’d think that getting busted for lying to a judge and benchslapped silly would doom a law professor, but that’s premature. She’ll probably lose her job for failing as a professor first….
* Three SUNY-Buffalo Law Students have a band and their cover of Icona Pop’s I Love It is trending. The Spin Wires turn the electro house number into an Offspring like rock song. Video after the jump… [BroBible]
In Morning Docket yesterday, we mentioned that Standard & Poor’s has joined the chorus of people who are noticing that stand-alone law schools are shaky investments. When the S&P notices, you can bet that law school administrators feel some heat.
* An attorney from Orrick with two SCOTUS clerkships under his belt will now be arguing a case before the high court. Seems standard, but the exciting part is that this guy’s still an associate. Congratulations! [Am Law Daily]
* From Biglaw to Boutique, the Finnegan edition: five IP lawyers, including a member of the firm’s management committee, will be starting their own practice. We may have more on this later. [Thomson Reuters News & Insight]
* Calling all wannabe government lawyers! Screw the sequester; the Department of Justice is planning to add more than 100 positions in 2014. Let’s hope these budget requests are approved. [Legal Times]
* “I actually felt sick working him for him.” If you were a paralegal and your boss was allegedly trying to recruit you to be his “third wife,” you’d feel the same. Expect more on this on this later. [New York Post]
* Here are 25 Northeast law schools ranked by employment rate. At least my school wasn’t ranked dead last on this list, and that’s something to be excited about… right? [Boston Business Journal]
* Maybe more people will care about law schools when their credit ratings tank. Speaking of which, thanks to a 14% drop in enrollment, Standard & Poor’s has downgraded Albany Law. [Times Union]
* Joseph Feller, an environmentalist and beloved professor at ASU College of Law, RIP. [ASU Law]
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.