[L]aw schools are questioning whether or not they are teaching students the right way, and it seems to me that the bench and the bar can engage in serious discussions with the law schools to advise them whether or not, say for the next 20 years… they have the proper approach for teaching those who will soon be the trustees of the law as active practitioners. That is urgent.
Ted Frank tweeted something brilliant at us this weekend. A law professor and blogger, Kyle Graham, was digging through documents at the Reagan Presidential Library. (Side note: if you’ve never been to a presidential library, go; all the ones I’ve been to are excellent.) Professor Graham came across a great find: the vetting form that O’Melveny & Myers chairman A.B. Culvahouse used to vet Supreme Court Justice Anthony Kennedy.
The document is fascinating. Vetting somebody for a lifetime appointment is serious business, but it’s hard to imagine having your private life invaded to this magnitude.
It’s particularly interesting in light of Chief Justice John Roberts’s vote in the Obamacare case. Lots of people have asked why conservatives seem to have problems nominating justices who will doggedly toe the ideological line. Perhaps some answers can be found in the vetting document?
The individual mandate — er, tax — in the Affordable Care Act has been upheld. The President’s signature initiative survives. The reputation of the Court is untarnished. Chief Justice Roberts’s legacy as a steward of the Court’s institutional reputation is strengthened.
It’s a happy day for the Court, the President, and people who sometimes need health care. The opinion is bad news for Justice Kennedy (if Roberts will swing, who needs Kennedy?) and, I think, the belly dancers who were in front of the Court this morning (their political leanings aren’t as easy to discern as their midriffs).
But, of course, there was other action at the Court today. The Court affirmed a bedrock principle of our democracy — we have a right to lie. Sort of….
Permitting the Government to decree this speech to be a criminal offense would endorse government authority to compile a list of subjects about which false statements are punishable. That governmental power has no clear limiting principle.
* Really, Prometheus was the kind of movie that allows you to think “putting in some lawyers couldn’t have hurt.” [Point of Law]
* Republicans are just better at naming laws than Democrats. I don’t know why that is, but it is. [Recess Appointment]
* Stand your ground laws increase homicides. Tomorrow, the gun lobby will tell us that we need to arm ourselves because of the epidemic of people standing their ground and killing innocent, unarmed Americans who weren’t able to buy a gun. [WSJ Law Blog]
* I almost feel bad for Anthony Kennedy. Every objective indicator proves that he was wrong about what the impact of Citizens United would be, and every month brings a new opportunity to shame Kennedy again. [Election Law Blog]
* Do you take the Metro North home every day? Like Pete Campbell, you might need an apartment in the city. [Dealbreaker]
* Defense rests in Roger Clemens trial. I guess the jurors will have to go back to counting sheep in order to get their rest in. [NPR]
* A judge who meditated would freak me out. Especially if the judge meditated about how you shouldn’t judge people. [Underdog]
* Statistically speaking, with its current line up, the Supreme Court is the most conservative that it’s been since the 1930s. This chart makes even Justice Kennedy look conservative. [FiveThirtyEight / New York Times]
* And another one gone, and another one gone, another one bites the dust: earlier this week, Dewey lost an antitrust partner to Arent Fox. That brings the firm’s grand total of partner defections to 38. [Am Law Daily]
* Jerry Sandusky’s trial has been postponed until June to due to “logistical contingencies” — like a motion to dismiss all of his child sex abuse charges. Meh, it’s no big deal. Same verdict, different day. [Bloomberg]
* And on a similar note, Warren Jeffs tried — and failed — to appeal his child sex abuse conviction. Because apparently that’s what happens when you represent yourself in the hopes of overturning a life sentence. [CNN]
* Lindsay Lohan’s supervised probation has ended, and for the time being, her legal woes are over. When will she screw up again? I’m going to give her three months, and that’s being really generous. [Daily Telegraph]
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: