Chris Christie, that redundant rotundity, has taken a vicious beating this week. The party of personal responsibility has personally held him responsible for Mitt Romney’s defeat. And it’s easy to see why. Instead of traveling to Pennsylvania to stump for Romney, he stayed behind in New Jersey so he could spoon some more with President Obama. What does it profit a man who gains a friendship with Bruce Springsteen, but loses his party the presidential election? Hell if I know.
Loads of people are saying that Christie blew his chance at ever being nominated by the Republicans because of his a-hugging and a-kissing on President Obama. I don’t know about all that. The fact is, Christie has and had about as much a chance at the Republican nomination for president as Rudy 9-11 before him. Just as that lisping vampire couldn’t have won a nationwide nominating process if the excess saliva in his mouth depended on it, so too was Christie doomed. The sort of abrasive politics that Christie practices may have found its level in the New Jersey governorship. And that’s probably okay.
It has been a few days since our last detailed story about the largest law firm bankruptcy in history. So let’s check in on the Chapter 11 proceedings of Dewey & LeBoeuf, currently pending in bankruptcy court for the Southern District of New York.
There have been a few recent developments. For example, as we mentioned in Morning Docket, Dewey is being counseled in bankruptcy by some pretty pricey advisers.
The economy seems to be on the mend. Corporate profits are strong, and the Dow is north of 12,000. In the legal world, layoffs are down, bonuses are up, and hiring is way up.
But governments — federal, state, and local — are staggering under mountains of debt. State and local governments have borrowed $2.4 trillion as of mid-2010, and they’ve promised another $3 trillion in retirement benefits.
There is tons of talk out there about a possible wave of municipal bankruptcies. And even if the talk might be overblown, the possibility of default by multiple local governments or even state governments — which might someday get the ability to declare bankruptcy — can’t be ruled out.
If municipal bankruptcies start popping up all over the place, Dewey & LeBoeuf will be ready. The firm just picked up a leading expert in the area….
Ed. note: Welcome to ATL’s new column, Fame Brief. Since Kash has left the building, Marin, ATL’s other lady-in-waiting, will be picking up her celebrity beat and filling you in on the latest celebrity legal shenanigans. Before you fall over yourself to post an annoying comment about how this blog be sinking or how nobody cares about celebrities, consider that our celebrity posts are some of the most popular ones on here. So SOMEBODY out there cares about celebrities….
When I got my first credit card, my dad was afraid I’d go hog wild and buy a suit of armor, sconces, breast implants, decorative fireplace accessories, a foosball table, IVF treatments, a boat and a monstrous “Tuscan villa” McMansion in Towaco, NJ. But at least I’m making payments on these purchases, unlike Joe and Teresa Giudice of the Real Housewives of New Jersey, who filed for Chapter 7 back in October 2009….
UPDATE (May 30): Law student responds via YouTube, and shows off his very impressive office.
A law student in Massachusetts is looking for a job. He found a listing on Craigslist to work as a paralegal for a bankruptcy attorney. He applied, got an interview, and got an offer (kind of). But then he got into a spat with the attorney via email, preserved for posterity by The Docket.
The law student interviewed on Monday. On Tuesday, the female attorney sent him a rather candid email:
I have to confess, I am on the fence about offering you a position. This is a thought I had…tell me your thoughts.
The thought was that she would have the law student do a few freelance projects for a month, and if those went well, she would offer him a full-time position. He responded:
I can do any type of Motion, and research. I do not think a 30 day trial period is necessary. I would prefer bring me on full time to show you my capabilities.
That’s really not the right time for a grammatical typo, my law school friend.
In response, the lawyer laid out exactly why she had reservations about him, and wished him “best of luck in [his] job search.” That just made him crankier…
* The Chicago Tribune takes a close look at the Tribune Company’s bankruptcy bills, and doesn’t like that Sidley Austin has charged $110,000 for photocopies. [Chicago Tribune via Romenesko]
* The lawyer behind the legal discovery that has brought sex abuse in the Catholic Church — and Pope Benedict XVI’s knowledge of it — to light: Jeff Anderson, whose own daughter was molested by a priest turned therapist when she was eight. [Associated Press]
* Florida attorney Gary Dorst had a blast this weekend. Well, almost. [WESH via ABA Journal]
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: