* AG Eric Holder can thank Obama for this homework assignment from Fifth Circuit Judge Jerry Smith, because it seems like our president forgot about Marbury v. Madison. More on this to come later today. [CBS News]
* Dewey need to buy this Biglaw firm a functional calculator? New information shows that the imploding firm was off by roughly $153M when partners reported 2011 earnings to the American Lawyer. [Am Law Daily]
* You know there’s got to be something questionable about a law school when the accreditation machine that is the ABA gives it the side eye. And no, Duncan Law, a judge still won’t force its hand. [National Law Journal]
* Stephen McDaniel pleaded not guilty at his arraignment for the murder of Mercer Law classmate Lauren Giddings, but will he be released on bail before trial? Only if he’s got $2.5M sitting around. [Macon Telegraph]
* More law school lawsuits are coming down the pipeline, but local lawyers in Massachusetts don’t think that they stand a chance. Why? The highly-educated consumer argument strikes again. [Boston Business Journal]
* Thanks to Gloria Allred, transgender beauty queen Jenna Talackova may be able to participate in the Miss Universe pageant if she can meet the legal requirements for being a woman in Canada. [MSNBC]
In August, New York Law School (NYLS) was hit with a class action lawsuit over the school’s allegedly deceptive post-graduate employment data. The case was filed by plaintiffs’ lawyers Jesse Strauss and David Anziska. In October, NYLS filed a motion to dismiss that claim. On March 12, the lawyers ventured down to the New York Supreme Court to argue the merits of the case, and a little more than one week later, we’ve got news on whether the class action suit survived that motion.
What result? The class action lawsuit filed by Team Strauss/Anziska against NYLS over its allegedly deceptive employment statistics has been dismissed….
Apparently, suing law schools isn’t a fool’s errand.
Thomas Jefferson School of Law filed a motion to dismiss its class action lawsuit over its employment statistics this summer. On a conference call with Team Strauss/Anziska today, we learned that TJSL’s motion has been denied.
Guess that means we’re in for the long haul with these lawsuits.
Three other law schools have filed motions to dismiss — New York Law School, Cooley Law, and Florida Coastal. Will this be the start of a trend?
When we last checked in with the attorneys responsible for the law school litigation movement, we were informed that “a very big announcement” would be coming in the “next few days.” With a promise to make 2012 the “year of law school litigation,” Team Strauss/Anziska is working hard to remain true to its word. March isn’t even over, and they’ve already sued 12 law schools. In fact, they’re so efficient that we only had to wait one day for the big reveal.
Today, the lawyers leading the law school litigation squad announced that they are planning to target 20 more law schools for class action lawsuits over their allegedly deceptive post-graduation employment statistics. This time around, you may be surprised by some of the law schools that appear on their list.
Is your law school or alma mater going to be a defendant?
* A former Cravath associate’s law license has been suspended as a result of a DV assault charge. For every day spring bonuses go unannounced, another CSM attorney will do something to embarrass the firm. [Am Law Daily]
* Duncan Law wants wants a judge to reconsider an injunction, claiming “eight students have withdrawn” since its accreditation was denied. In other news, only eight students at Duncan Law have half a brain. [National Law Journal]
* If you liked it, then you should’ve put a trademark on it. Jay-Z and Beyoncé have filed a trademark application for their daughter’s name. Nothing says love like exploitation. [New York Post]
The first month of the new year turned out to be a great one for lawyers, but as usual, we don’t exactly mean that in the nicest of ways. January brought us new legal controversies of all varieties, from all kinds of places.
With terroristic threats allegedly made by an associate at one Biglaw firm, and scandalous sexual allegations raised by a partner from another one, we knew that we’d have a crop of crass and sex-crazed behavior for this round of our Lawyer of the Month competition.
That being said, let’s check out our nominees for the month of January….
* Obama has officially nominated William Baer, an Arnold & Porter partner, to run the DOJ’s antitrust division. Get ready for an election year confirmation showdown between the parties. [New York Times]
* Newt Gingrich has dropped out of the Virginia ballot lawsuit that was originally filed by Rick Perry. What does this mean for his campaign? Is he giving up his plans for the presidency, too? [Washington Post]
* Here’s a great refresher on all things Prop 8 in anticipation of today’s ruling from the Ninth Circuit. This is happening on West Coast time, so check back for our coverage this afternoon. [Poliglot / Metro Weekly]
* Sorry, bridge and tunnel people, but it looks like you’re going to have to keep paying increased prices at the tolls. AAA of New York and North Jersey lost a bid to block collection of the fee hikes. [Bloomberg]
* More law school graduates are trying to get their day in court for bankruptcy protection. Looks like these people didn’t read their student loan MPNs carefully (or at all). They state pretty clearly that you’re screwed for life. [Reuters]
* James R. Silkenat was selected as the president-elect at the ABA’s Midyear Meeting, meaning his ascension to the presidency is “virtually assured.” We can only hope that his leadership is as awesome as his combover. [ABA Journal]
* PETA’s Thirteenth Amendment whale slavery lawsuit is heading to court today in California. Maybe we’ll see if what SeaWorld calls a “baseless” and “offensive” lawsuit has got legs. Or flippers. [CNN]
* Polygamy for all! Kody Brown’s bigamy lawsuit will proceed in Utah thanks to Jonathan Turley’s lawyering. Are we going to see the drama play out on season three of Sister Wives this spring? [Associated Press]
* Joshua Monson, the suspected serial lawyer stabber, must regret this missed opportunity. While signing documents with his weapon of choice, he allegedly punched a corrections officer in the face. [Daily Herald]
Most law school graduates pass the bar exam with flying colors on the first try. Law schools, of course, are ecstatic when their graduates pass, because it’s something that they can brag about in their brochures. Other law school graduates aren’t so lucky — they fail, and they fail hard. But law schools don’t want you to know about the people who fail the bar exam. They’d like to shove those dirty statistics far, far away from public view.
So what happens when a law school’s graduates fail the bar exam in such great numbers that it becomes national news? Does that law school hang its head in shame and admit defeat? Or does it figure out a way to game the numbers so that next time, it won’t be so embarrassed?
As with most things having to do with numbers, this law school has allegedly made an ill-advised decision to appear more appealing to the public (and the American Bar Association). This law school is allegedly offering its students money in the hopes that they won’t take this summer’s bar exam. But which law school?
Back in October, we informed our readers that law school litigators Jesse Strauss and David Anziska intended to file class action lawsuits against 15 additional schools, on top of the two they’d already filed against Cooley Law and New York Law School. In mid-December, we brought you an update on the status of those potential filings after Anziska told us that at least three named plaintiffs had been secured for 11 out of the 15 law schools on October’s target list. And now, about a month and a half later, have we got some news for you.
Anziska quipped in an interview with us last year that he hoped to turn 2012 into the year of “law school litigation.” Well, the class action crusader is off to a great start, because today, Team Strauss/Anziska partnered up with six other law firms and filed lawsuits against 12 law schools around the country. According to Anziska, “these lawsuits will define a generation.”
Which law firms have joined in their mighty quest, and which law schools have been sued? Find out all of this information, plus additional details that we learned during today’s media conference call, after the jump….
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: firstname.lastname@example.org.
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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