- Airplanes / Aviation, Attorney Misconduct, Bankruptcy, Bernie Madoff, Howrey LLP, Law Schools, Legal Ethics, Morning Docket, Rod Blagojevich, Suicide
President Barack Obama really thinks recent graduates are stupid. Seriously, he thinks that graduates out there suffering under crushing debt obligations in an economy where there aren’t enough jobs to go around are so dumb that they don’t even know what they want.
Educational debt has been a big part of the Occupy Wall Street protests. Today, President Obama will announce “new” programs to help students in debt. At least, he wants the media to report these programs as “new.” Those who have been paying attention, such as debt-saddled law students, will recognize that there is very little “new” about these programs.
In fact, Obama seems to honestly think that students and recent graduates wouldn’t be so angry if they knew about all the programs already in place.
It’s all a bit patronizing. If the Obama administration had really been paying attention, they’d know that recent graduates want meaningful reform, not the piecemeal incremental efforts that we’ve seen so far….
- Bankruptcy, Depositions, Federal Judges, Food, iPhone, Law Professors, Morning Docket, Murder, Old People
- Anna Nicole Smith, Bankruptcy, Barack Obama, Biglaw, Breasts, Heller Ehrman, Kirkland & Ellis, Money, Morning Docket, SCOTUS, Stanford Law School, Wall Street
* Anna Nicole Smith is still screwing old white men from beyond the grave. Biglaw firms want Heller Ehrman’s claims to be decided in federal court, not bankruptcy court. [Thomson Reuters News & Insight]
* TWU to NYPD: Please don’t force us to listen to these Occupy Wall Street fools. We’d rather have our regular crazies on board. Of course, their lawsuit says it a bit more eloquently. [Wall Street Journal]
- Bankruptcy, Baseball, Benchslaps, Biglaw, Dewey & LeBoeuf, Law Schools, Military / Military Law, Money, Morning Docket, Movies, SCOTUS, Texas
One of the most colorful characters in the saga of Howrey LLP, the once-thriving law firm that dissolved this past March, was Robert Ruyak, former chairman of the firm. How many law firm leaders write inspirational poetry for their summer associates?
Alas, many at Howrey found Ruyak’s leadership to be less than inspiring. He was frequently cast as the villain in the demise of the firm, which he led for over a decade before its dissolution. As noted by the WSJ Law Blog, Ruyak was criticized “[i]n some corners of the blogosphere” for “not respond[ing] swiftly enough to declines in the firm’s productivity” and “not sufficiently shar[ing] management responsibilities with his fellow partners.” According to the American Lawyer, he caused the firm to overexpand, taking on too much risk — in the form of lateral partners and contingency cases, among other things — when it should have been buckling down for tough times ahead.
Today brings news that Robert Ruyak has found a new professional home. Where’s he going?
- Admin, Announcements, Antitrust, Bankruptcy, Baseball, Benchslaps, Biglaw, Brobeck Phleger & Harrison, Department of Justice, Dewey & LeBoeuf, Federal Government, Heller Ehrman, Holidays and Seasons, Morning Docket, Sports, State Judges, Trials
Ed. note: Due to the Labor Day holiday, we’ll be on a reduced publication schedule today. We’ll be back to normal tomorrow. A restful and happy Labor Day to all!
* AT&T faces a tricky balancing act in dealing with the Justice Department’s challenge of the T-Mobile deal. [New York Times]
* If you’re confused about the current role of lawyer-turned-entrepreneur Michael Arrington over at AOL, in the wake of AOL’s acquiring his TechCrunch site, you’re not alone. [Digits / Wall Street Journal]
- Airplanes / Aviation, Bankruptcy, Fast Food, Food, Hair, Howrey LLP, Law School Deans, Law Schools, Non-Sequiturs
* I’m flying this weekend for the first time in over a year (it couldn’t be avoided). I’ll need to brush up on what rights I still retain during air travel. As long as I acknowledge TSA’s droit du seigneur to my wife, I’m allowed to carry an unopened water bottle on board, right? [Legal Blog Watch]
* There’s a statement from the University of Baltimore on the Phillip Closius situation. They say their “forward momentum” will continue. Does that mean they expect future Baltimore Law students to be unable to run a Google search? [WSJ Law Blog]
* Lat imagined a future legal career for Casey Anthony that starts with a Anthony getting a GED (before clerking on the Supreme Court and becoming a law partner of Jose Baez). But doesn’t Hustler seem like something more in her wheelhouse? [Gawker]
* Have we done irreparable damage to our credit rating, unless we can prove we have a legal “fail-safe” in case a vocal Tea Party minority hijacks the entire freaking nation again? [Blackbook Legal]
* Howrey going to massively reduce our assets for bankruptcy reporting purposes? [Chapter11Cases]
- Advertising, Bankruptcy, Biglaw, Career Center, Gibson Dunn, Holidays and Seasons, Intellectual Property, Latham & Watkins, Real Estate, Shameless Plugs, Summer Associates, This Is an Ad
If you’re bummed about having to shelve your plans for a nice tropical vacation this summer, you’re not alone. According to 43% of survey respondents, this summer is turning out to be busier than the rest of the year.
The top reasons cited for the increased billables are that partners are bringing in more business (63%) and the economy is improving (42%). Some of the other reasons, however, are not as upbeat: respondents report having to pick up the slack for other associates who left their firm voluntarily or involuntarily (28%), or who went on vacation (15%).
Another 30% of survey respondents say that this summer has been slower than other months (while the remaining 27% of respondents report that their workload is about the same as the rest of the year).
Why the work slowdown? Which firms and practice areas are turning up the heat this summer? An which ones are cooling things down?
- 6th Circuit, Bankruptcy, Federal Judges, Gender, Judge of the Day, Legal Ethics, Minority Issues, Quote of the Day, Racism, Women's Issues
If I were in their role and in their position, I probably wouldn’t understand it either, that a club really can’t attract minority members.
– Judge Gilbert S. Merritt Jr. of the Sixth Circuit, commenting to the New York Times about two of his colleagues on the court — Eric L. Clay and R. Guy Cole Jr., both African-American — and their strong reactions against a bankruptcy judge’s membership in an all-white, all-male country club.
(Judge Merritt is also a member of the Belle Meade Country Club, although an honorary one without voting privileges.)