Ed. note: Lat here. This post is by lawyer turned novelist Allison Leotta, whom I previously profiled. I recently read Leotta’s newest book, Discretion, which I highly recommend. Not only is it a gripping thriller, but it’s legally realistic too, reflecting Leotta’s experience as a federal prosecutor and her research into the escort business.
As a former sex-crimes prosecutor who just wrote a novel about the escort business, I keep getting the same question from my Biglaw buddies: “I already feel like a high-end prostitute. Shouldn’t I get paid like one?”
It’s an old saw that lawyers are already prostitutes. Face it, we care deeply for our clients because we’re paid to care about them. If we’re good, we start by convincing ourselves that the side of the legal dispute we more or less randomly ended up on happens to be the right side. You think a hooker’s job is that different? Forget it. The infamous D.C. Madam — an inspiration for my latest book, Discretion (affiliate link) — was a woman who dropped out of law school and opened an escort agency.
You’re good-looking, you like people, you know how to bill by the hour — you could totally do this. But is being a high-class escort really a better job than the one you’ve got now? The answer will be familiar to every memo-writing associate: It depends. Before you go trading in those Christian Louboutins for five-inch-stilettos, check out these side-to-side comparisons of the trades….
* To prepare for the upcoming term, the Supreme Court added six new cases to its docket. Much to our chagrin, none of them are about gay marriage. In other news, Matt Kaiser was right: this is a term only a lawyer can love. [National Law Journal]
* “We are not going to forget where we came from.” As it turns out, not everyone at this firm is a “huge [bleep]hole.” Cozen O’Connor announced this week that Michael J. Heller will step up to serve as the firm’s chief executive officer. [Philadelphia Inquirer]
* Apparently law school deans are “merely middle management.” Frank Wu, Chancellor and Dean of UC Hastings Law, gives an interesting insider opinion about what the view is like from the top of the ivory tower. [Huffington Post]
* “Caveat emptor makes for a lousy law school motto”: an exposition on why law schools should tell their prospective students the truth about their job prospects after graduation. [Thomson Reuters News & Insight]
* Anna Gristina, the Millionaire Madam, pleaded guilty to one count of promoting prostitution. Does this mean we’ll never find out more about the “prominent Manhattan lawyer” who was allegedly a client? [New York Post]
* New Jersey Assemblyman Ronald Dancer (ne Fist Pumper) proposed a piece of legislation called the “Snookiville Law.” If it means more cash for the towns that have to suffer wrath of reality TV, then so be it. [CNN]
* The Pennsylvania Supreme Court will hear arguments today over the state’s voter ID law. But at this point, who cares? Come on, Election 2012 is probably going to be decided by a court anyway. [Bloomberg]
* Sedgwick’s New York office is relocating to Two World Financial Center. This won’t be just any office; no, it’ll be an “office of the future.” They don’t need roads where they’ll be reviewing documents. [Real Estate Weekly]
* Paul Bergrin, the Baddest Lawyer in the History of Jersey, will be tried on all 26 counts in his racketeering case in one fell swoop. Not to worry, because this badass thinks he’s going to be acquitted. [The Record]
* This year’s summer associates didn’t want to be wined and dined. They wanted to be put to work, because “[m]andatory social events can be physically and mentally taxing.” Aww, boohoo, social skills sure are tough. /sadface [Am Law Daily]
* Another day, another law school lawsuit tossed out: Team Strauss/Anziska’s case against DePaul Law was dismissed because it’s pretty hard to blame a law school for the effects of a bad economy. [WSJ Law Blog]
* Anna Gristina, the alleged Millionaire Madam, vowed that she’d never spill the beans on a mystery man from her little black book. Could it be the “prominent Manhattan lawyer” mentioned earlier? [New York Daily News]
* “I don’t think I should have to pay anything back, because I wasn’t part of the management that drove the firm into the ground.” Dewey know when it’s time to stop complaining, pay up, shut up, and move on? [DealBook / New York Times]
* Good news, everyone! According to the Citi Midyear Report, based on the first half of 2012, Biglaw firms may have trouble matching last year’s single-digit profit growth. You thought the worst was over? How embarrassing for you. [Am Law Daily]
* Apparently Andrew Shirvell didn’t do a very good job questioning himself on the stand, because the former Michigan AAG now has to shell out $4.5M in damages for defaming Chris Armstrong. [Detroit Free Press]
* Six of one, half a dozen of the other: Barry Bonds’s lawyers filed a reply brief in their appeal of his obstruction conviction, arguing that his statements were truthful but nonresponsive, as opposed to being misleading. [AP]
* “We’re crazy about sex in the United States. I call it ‘sexophrenia.’” The Millionaire Madam’s attorney had a nutty yesterday after a judge refused to dismiss a prostitution charge against his client. [New York Daily News]
* The opposite of a fluffer? Los Angeles officials seeking to enforce the city’s new adult film condom law are beginning a search for medical professionals to inspect porn shoots for compliance. [Los Angeles Times]
* What do Tiger Woods’s sexts, Anthony Weiner’s wiener, and the newsworthiness exception to copyright infringement have in common? They’re all in this colorful Ninth Circuit dissent. [National Law Journal]
* Dewey have any idea when this “clawback” deadline will stop being extended? Partners have again been granted another extension to sign on the dotted line, but this time for only 48 hours. [WSJ Law Blog]
* If your reason for resigning from your position as a congressman has to do with “increasing parenting challenges,” becoming the managing director of Biglaw practice group likely isn’t a wise choice. [POLITICO]
* A shareholder suit filed against Goldman Sachs over mortgage-backed securities and early TARP repayment was dismissed. I didn’t watch the Daily Show last night, but I’m sure Jon Stewart had a great joke. [Reuters]
* Musical deans? Hot on the heels of Jeremy Paul’s announcement that he was leaving for Northeastern, Professor Willajeanne McLean has been appointed as interim dean at UConn Law. [Connecticut Law Tribune]
* Law school didn’t build that: as it turns out, a juris doctor isn’t as versatile a degree as it’s made out to be. Just because you managed to get a good non-law job, it doesn’t mean a J.D. helped you. [Am Law Daily]
* Jaynie Mae Baker, the Millionaire Madam’s sidekick, has struck a plea deal with the DA. She won’t be going to jail for her adventures in high-class hooking, and might walk away without a criminal record. [New York Post]
* Pay up or shut up: Dewey former partners need to worry about getting our kneecaps busted by the banks that loaned us money to fulfill our capital contributions? [Am Law Daily (sub. req.)]
* Senate leaders reached a tentative deal to keep student-loan interest rates at 3.4%. Too bad this only applies to undergrads — law students are still left holding the bag. [Wall Street Journal]
* Your mom probably told you not to be a tattletale, but evidently that kind of behavior really pays off in court. Adam Smith, formerly of Galleon, was sentenced to only two years’ probation for his “very substantial” aid in Raj Rajaratnam’s insider trading trial. [DealBook / New York Times]
* Forty-six CEOs on the 2012 Fortune 500 list went to law school, but only four hold degrees from schools outside the U.S. News Top 100, and just one went to an RNP school. Yikes. [U.S. News & World Report]
* Was this Nova Law professor “mentally deranged enough to engage in a campus shooting rampage”? That’s apparently what members of the administration thought when they fired him. [National Law Journal]
* Anna Gristina, the accused “Millionaire Madam,” was released last night on $250K bond after spending four months behind bars. Looks like it’s back to the world’s oldest profession for this soccer mom. [Reuters]
* Dewey even care if we spent money like it was going out of print? A new D&L bankruptcy court filing states that the failed firm used $43M of secured lenders’ funds in just one month in an attempt to save the ship from sinking. [Bloomberg]
* The Jerry Sandusky trial continues: Mike McQueary’s testimony in the former football coach’s case was pretty disgusting, but then again, most things are going to be pretty disgusting when you’re dealing with an alleged child predator. [Daily Item]
* A few ways you can tell this isn’t England: 1) our dental hygiene is generally better; 2) our royalty is entirely made up of reality TV stars; and 3) you still can’t serve people via social networking sites like Facebook. [paidContent]
* “Do I have to read the whole settlement?” Yup! UC Irvine Law’s consumer protection clinic will work to see if banks are keeping their end of the bargain in a $25B foreclosure-abuse settlement. [Los Angeles Times]
* Anna Gristina, the accused “Millionaire Madam,” claims in a motion to dismiss that police tried to make her name her johns, one of whom is apparently “a prominent Manhattan lawyer.” But which one? [New York Post]
* CBS claims that ABC’s “Glass House” is a rip off of “Big Brother,” and the network is trying to block the show from airing. OMG, please let it air so we can see this law school dropout in action. [Celebrity Justice / FindLaw]
* 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]
Dear famous trial lawyers that have an exciting sex life outside of the bonds of their marriage: don’t run for president or vice president. Then your sexual predilections, alleged or otherwise, will not be part of the national discourse.
Yes, we have more potential legal troubles for former presidential candidate John Edwards. DNAinfo is reporting the his name is among the first released in the probe into the client list of “Millionaire Madame” Anna Gristina.
Let’s hope today’s famous trial lawyers don’t have to pay for it….
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: