* It’s hard to get a mortgage if you have a lot of student debt, even if you make a lot of money. Who needs a house anyway? Your advanced degree will keep you warm. [BusinessWeek]
* A civil trial over BP’s Gulf Oil spill was supposed to start today, but it was postponed at the last minute. Is it just me or does it smell like settlement in here? [New York Times]
* As if anyone needed another reason to never take a Carnival Cruise…. [CNN]
* The Catholic Church just couldn’t handle sharing its ignominious spotlight with Penn State any longer. Attorneys allege that the late Cardinal Anthony Bevilacqua, former Archbishop of Philadelphia, destroyed a list of 35 active priests accused of child sexual abuse. [Washington Post]
* Some movie with no sound, color, explosions, or giant robots won a bunch of Academy Awards last night. I can’t say I care too much. Here’s a rundown of some classic cine con lawyers instead. [ABA Journal]
Lawyers, have you been looking for a unique way to do some self-branding? Of course, we don’t mean that you should literally brand yourself, but this Mexican lawyer did just that. She turned herself into a walking piece of art, and is now known as the “Vampire Woman” by her colleagues in the tattoo and body modification industry.
We know what you must be thinking: “Aren’t female vampires supposed to be sexy?” That might be the case on True Blood, but we’re not so sure about this girl. They say that beauty is in the eye of the beholder, but the Vampire Woman’s look makes us wonder whether she’s capable of keeping clients from running out of her office screaming. Don’t believe us? See for yourself….
* Prop 8 proponents have standing. So, I guess the Ninth Circuit will now be looking at the merits of bigotry? [MetroWeekly]
* Five ways to get your clients to pay you faster. How did “breaking kneecaps” not make the list? [Open Forum]
* Ethics for cops. Not that I agree with her, but if my police force is reading Ayn Rand I’d be happy. Reading for cops > more shooting practice for cops. [Blue for Justice]
* As opposed to figuring out whether or not IMDB should have posted her age, I think this pissed off actress should be speaking out against the double standard that says women age like vinegar while men age like wine — wine that needs a special pill to pop its cork as it gets older. [Not So Private Parts / Forbes]
* We’re still trying to figure out which works of art the Nazis stole from whom and what is to be done about it. Every now and again, it’s important to step back and remember there are the Nazis, and then there’s everyone else. [ArtNews]
* If he keeps this up, Kunta Kinte is going to have to shove the Reading Rainbow right up Herman Cain’s ass to remind him of the hundreds of years leaders fought and died so that black people were allowed to read. [Hufffington Post]
When I signed on to write full-time for Above the Law, I thought that I might be able to make some of our readers and commenters see the sunnier side of things at lower-ranked law schools. I had a very positive experience, and I don’t have very many regrets about the school I chose to attend.
But sometimes lower-ranked law schools do things that make even me cringe.
We spend a lot of time with soon-to-be-unemployed 3Ls who are looking for some way to express their dissatisfaction with their law school and the career services they received. When people pay or borrow over $100K for three years of legal education and their employment future still comes down to how they perform during McDonald’s supersized hiring day, it makes people bitter.
Recently, UVA Law students have been putting in requests to be named Kings of the Bitters. We understand that their T-shirt based protests continue (can a brother get a link to buy a shirt?). We don’t know how effective they’ve been at steering 0Ls away from UVA Law, but then again, it seems like the only thing that effectively impacts 0L decision making is more paperwork.
Once you get to law school, you realize that the important pieces of paper are the ones you get in the mail informing you whether or not you have a job. But many UVA Law students are receiving thin rejection letters. One student pushed all of his rejection papers together into perhaps the most creative display of student dissatisfaction we’ve seen during the recession.
The 3L has taken the marble facade off of one top law school, exposing the sad reality lying underneath…
Associates are under a lot of pressure these days. But we applaud those junior lawyers who respond to the current demands with initiative and creativity. We found just such an associate in Toronto.
The man’s problems seem trivial to the outside world. His office is crappy. He needs an upgrade, but not because he wants to feel like he’s some hotshot. He just knows that he has to look like a hotshot in order to generate business. This is how he explains it on a Craigslist post:
I work in a large Bay Street law firm. Many of my partners and clients have extensive collections of original artwork. As a struggling associate with a mortgage, no job security and a wife with a penchant for running into things with our car, I cannot afford to buy original artwork myself, so I appear low-rent to the higher-ups. Given the high standards of my clients and partners, I also cannot go out and buy prints or copies of original art – I will be laughed into the unemployment line.
A lot of associates would have noted the problem and left it at that. Maybe they would have gone home crying to their mothers about life’s unfairness. But not this kid…
Christopher Boutlier, male model turned interior designer.
Over the long weekend, the Washington Post magazine treated us to a delicious inside look at the gorgeous home of Christopher Boutlier, an interior designer, and his partner, Aaron Flynn — a lawyer. Flynn practices environmental and administrative law in the D.C. office of Hunton & Williams.
Flynn may be a mere associate, but he lives like a partner: he resides in D.C.’s desirable Dupont Circle neighborhood, in an 1,110-square-foot condominium; he has an art collection; and he sleeps with a model. (The fine-featured Boutlier was a model before becoming an interior decorator.)
Morrison & Foerster tends to attract quirky types. The firm is demonstrably offbeat, from its mildly bizarre website to its embracing the moniker “MoFo.” So we were not particularly surprised when an artist type auctioning off a piece of conceptual art on eBay turned out to be a lawyer from the firm.
Alfred Steiner is a tech and IP lawyer in MoFo’s New York office. He described the piece to us thusly:
In a conceptually reductive context where works are increasingly defined more by an agreement between artist and collector (whether written or oral, tacit or explicit) than by the tangible manifestation of the work itself, what would a work become if it were reduced to be coextensive with that agreement, that is, if that agreement were the work itself?
Yup, the piece of art is a contract. What we were surprised by was how much a contract from a Morrison & Foerster attorney went for on eBay…
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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