* Maker’s Mark will not get diluted after all — likely causing a shortage. Start hoarding mediocre bourbon, folks! [Wonkblog]
* If you’ve ever wondered what the Supreme Court feels like to a pro se petitioner, here’s your answer. “Simply put, the Supreme Court uses its desktop publishing and printing guidelines as a weapon against the American public.” So much for “the least dangerous branch.” [Aaron Greenspan]
* “Nothing can be said to be certain, except death and taxes.” Russia’s taking that phrase to a whole new level by pushing forward with a criminal tax evasion trial against a dead man. This is the first case of its kind since United States v. Bernie Lomax. [Reuters]
* Computer science students realize that taking collective action to intentionally fail the test was better than trying to pass it. It’s like The Producers of education. And if this grading policy applied to 1Ls, there’d be at least one jerk who defected to ruin everyone else’s curve. [Volokh Conspiracy]
* Ten points to Gryffindor if you know what “tumid” means. Because you’re going to have to know before you pass through Ohio again. [Legal Juice]
Back when I was at the law firm, billing more hours than I knew were in a week, there were people who thought I was “gunning” for partnership. I billed a ton of hours, had basic social skills and a good mentor, and hey, I’d look pretty good in any “diversity” partner puff piece. Just add ten years of sustaining a maniacal pace, learning how to generate rain in a shrinking market, and navigating the political minefield of kissing the right people’s asses, and maybe I could have had a shot.
Suuuure I would have. Making partner at the Biglaw firm that you started with is functionally impossible. It happens so infrequently that setting it as a goal is about as realistic as children saying they want to walk on the Moon when they grow up. The odds were long before the economic crisis that caused partnerships to close their ranks and protect their profits like dragons hoarding treasure.
It’s not going to happen, but trying to get there ruins a lot of people. They can be having perfectly fine, perfectly serviceable Biglaw careers, but then somebody starts dangling the possibility of “partnership” in front of them, and suddenly they are trying to schmooze late into the night and kick their billable hours up into the 3,000-a-year range. And maybe if they’re lucky they’ll be able to get into a less prestigious firm, slog another couple of backbreaking years as “counsel,” and then get equity at some other shop.
Am Law Daily has the story of a man who finally got his shot at the brass ring, was fired over his alcoholism, and died a short while later. It’s a sad and extreme story, but many people fall in all sorts of ways on the path to partnership….
Earlier this week, a tipster sent us a link to a Greedy Associates post entitled “Why Do Lawyers Drink So Much?” My initial thought was “Ugh.” Honestly, somebody writes that article every three months, and every six months we have to write another version of the same story.
The reasons given for lawyer alcoholism are always the same. “Lawyers are only alcoholic because they’re super TYPE A badasses.” “Lawyers hate their jobs and drink to forget.” “It’s not the law that makes people alcoholics, it’s alcoholics who choose the law!”
I was going to ignore this latest Drunks and the Law story, but then the scotch in my coffee kicked in and I thought, “Hey, isn’t it just that lawyers drink because they can?”
Think about it: being a lawyer is a great job to have if you want to drink as much as possible while also having a job…
It must be every billionaire wine connoisseur’s dream to own a few bottles from the cellars of the man who drafted the Declaration of Independence. The taste of the prestige must be simply delightful. But after paying $311,804 for four bottles of wine that may have been counterfeit, even the richest of men would probably be left with the awful taste of sour grapes.
This is what allegedly happened to William Koch, brother to the controversially conservative Charles and David Koch, when he discovered that the wine he purchased from Thomas Jefferson’s cache in France may have been bogus. Because when you’re worth $4 billion, it must be embarrassing to file suit over a mere pittance. But that’s exactly what this wine aficionado did; no one fools a Koch brother and gets away with it.
Alas, it seems that Koch’s claim aged more like milk than fine wine, and the Second Circuit had the unfortunate task of telling him….
Lawyers tend to overindulge in the finer things in life — things like designer clothes, fast cars, and luxurious lawyerly lairs. Unfortunately, lawyers also tend to overindulge in alcohol. In fact, according to the ABA, about 13 percent of lawyers qualify as alcoholics. Keeping that in mind, practicing law may be fine preparation for a new career in the wine bar business.
Meet Elizabeth Banker. This former in-house lawyer for Yahoo! and current counsel at ZwillGen is putting her legal career aside to follow something she’s been passionate about since her college days: wine. (Despite sharing a surname, apparently she’s not a fan of Banker’s Club vodka.)
Back in the day, Banker drank gallon-sized jugs of Chablis. Since then, her “tastes have evolved,” and now she’s more of a high-class sommelier. Let’s learn more about Banker’s new business, and find out when opening day will be….
Luckily for all the non-Mormons in Idaho, the state doesn't find references to grand tetons offensive to anybody.
It’d be one thing if the state of Idaho banned all alcohol because the state sports a large Mormon population and Mormons don’t drink. That might raise a Con Law question or two, but before we could even litigate it out, the state’s many non-Mormons would rebel against the religious theocracy preventing them from drinking. (They wouldn’t call it a “theocracy” because some Grover Norquist-type would convince them that “redistributive taxes” had empowered a “Communist regime,” and the good people of Idaho would blame the black guy, but I digress.)
Banning all alcohol would be too obvious of an imposition of religious dogma upon a secular concern.
Instead, Idaho is trying to get away with a smaller encroachment of religion upon the public sphere. The state of Idaho has effectively banned the sale of one particular kind of vodka because the state believes the company’s marketing campaign is offensive to Mormons.
And no, the marketing campaign is not “drink some of this vodka and then go make fun of Mormons,” or anything the state could reasonably fear might affect the public safety of the citizens of Idaho….
We’ve been dealing with a lot of negativity around here recently, what with the implosion of Dewey, the stress of finals, Texan lawyers flying off the handle. Seems like things are getting a little out of control. So, everyone, let’s just slow down and enjoy a nice story about drinking. Specifically the story of the recent Sixth Circuit decision about good old Kentucky bourbon.
The case involved an intellectual property dispute between Maker’s Mark and Jose Cuervo tequila. And the ruling begins with an epic six-page discussion about the history of whiskey.
I’m not complaining, but the opinion might have worked better as a history lesson…
It’s springtime, and you know what that means: the Above the Law tips inbox has started overflowing with lurid tales of Barrister’s Ball debauchery. To start the season off on the right foot, we’ve got story for you from a law school that’s been on our watch list before for alcohol-related offenses.
Apparently students at this Massachusetts law school don’t know how to hold their liquor, much less how to properly budget for a such boozy extravaganza. This event is rumored to have cost the Student Bar Association more than $20,000, with overbudget expenses alleged to have reached the $8,000 mark.
Not too shabby for an affair where various bodily fluids were spilled. The ensuing drama all played out on the school’s online forum, where the following message appeared:
Can we all make a pact not to post this to ATL like someone did with those crazy booze swilling alcoholic 1Ls (now 2Ls)?
Alas, it seems that the kids at this school aren’t good at holding their secrets, either….
* With help from Fenwick & West, Facebook snatched up Instagram in a $1B deal that closed in just 54 hours. That’s a big accomplishment, but the bigger one was valuing a company that helps f**k up your photos at such a high price. [Am Law Daily]
* Senator Dick Durbin is trying to collect stories about soul-crushing law school debt in an effort to reform lending laws, but law students and new lawyers aren’t speaking up about the problem. Hey, Dick, it’s time to start reading Above the Law. [National Law Journal]
* Apparently sarcasm is lost upon mention of George Zimmerman, so let’s play this one straight. The man who shot and killed Trayvon Martin has set up a website to solicit money for his defense fund. Actually, that’s a pretty great punchline on its own. [MSNBC]
* A judge has refused to reduce accused “Millionaire Madam” Anna Gristina’s $2M bail. With her alleged clientele, you’d think she’d be able to afford it. Come on, John Edwards gets $400 haircuts. He’s probably willing to pay top dollar for his call girls. [Bloomberg]
* Amanda Bynes wasn’t drunk on alcohol, she was drunk on emotions, claims her daddy. That’s a defense that will totally stand up in court on a DUI charge. [New York Daily News]
Belvedere Vodka is still suffering a hangover from the rapey ad it broadcast on its Twitter and Facebook feeds last month. Alicyn Packard, the terrified-looking woman who refuses in the ad to “go down smoothly” on an obliviously-happy bro, has filed a lawsuit in L.A. Superior Court against Belvedere parent company Moet Hennessy USA, reports KTLA. She claims emotional distress after the company used her image without her consent in “an ad that’s so offensive to so many.” (And yet so funny to so many others.)
The ad was up on Twitter and Facebook for only an hour before someone came to his or her (let’s be honest, it was probably “his”) senses and deleted it. But as with heavy drinking, it only takes an hour to make an embarrassing spectacle of yourself….
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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: email@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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