That insecurity should be a critical lever of success is another anathema, flouting the entire orthodoxy of contemporary popular and therapeutic psychology…. Note that there’s a deep tension between insecurity and a superiority complex. It’s odd to think of people being simultaneously insecure but also convinced of their divine election or superiority.
* “Either access to abortion will be dramatically restricted in the coming year or perhaps the pushback will begin.” We’re moving back in history. Here’s hoping pro-choice advocacy will be born anew in 2014. [New York Times]
* George S. Canellos, the SEC’s co-chief of enforcement, announced his departure on Friday, and people are already wondering whether he’ll return to his old stomping grounds at Milbank Tweed. [DealBook / New York Times]
* We hope legal educators had fun at the Association of American Law Schools annual meeting, but we hope most of all that they learned what needs to change to really make legal education pay. [WSJ Law Blog]
* “I believe women lawyers can contribute a lot to the legal system.” Saudi Arabia now has its first female law firm dedicated to bringing women’s issues to the country’s patriarchal courts. Congratulations! [RT]
* Chris Gossage, the London solicitor who spilled the beans on J.K. Rowling’s pseudonym for The Cuckoo’s Calling (affiliate link), was fined for breaking a client confidence — making him the first person in 2014 to meet his resolution and lose a significant number of pounds. [Perez Hilton]
* How awful are student loan companies? This woman tried to discharge a student loan and was told she spent too much income dining out — referencing a $12 McDonald’s Value Meal for her and her husband. You stay klassy, loan sharks! [New York Times]
* Border agents really have something against musical instruments. It all dates back to that one time at band camp when a flute stood them up. [Overlawyered]
* ATMs aren’t all that secure. At least not in Brooklyn. Maybe it was opening ironically…. [Legal Juice]
* Donald Looper, the founder of 120-lawyer Looper Reed & McGraw, has stepped away from the firm. Probably to head back in time to prevent the firm from ever existing, because that’s what good Loopers do. [ABA Journal]
* A human rights lawyer was kidnapped in Syria and the rebel groups seem to not care even a little bit. [Al-Monitor]
Ed. note: This is the latest installment of the ATL Interrogatories. This recurring feature will give notable law firm partners an opportunity to share insights and experiences about the legal profession and careers in law, as well as about their firms and themselves.
Carol B. Ervin leads the Employment Law Practice Group at Young Clement Rivers, LLP. A highly experienced trial attorney, Fellow of the American College of Trial Lawyers and an Associate Member of the American Board of Trial Advocates, she focuses her practice on the representation of businesses in employment law and litigation. Carol was recently elected the Chair of ALFA International, the Global Legal Network, and previously served as Chair of ALFA International’s Labor and Employment Practice Group.
1. What is the greatest challenge to the legal industry over the next 5 years?
Ed. note: This is the latest installment of The ATL Interrogatories, brought to you by Lateral Link. This recurring feature will give notable law firm partners an opportunity to share insights and experiences about the legal profession and careers in law, as well as about their firms and themselves.
Richard J. Morvillo, co-founder of Morvillo LLP, is a nationally-recognized expert in SEC enforcement matters. Over the past 35 years, he has been involved in over 200 SEC investigations, including some of the highest profile cases the SEC has handled. Rich was recently named by Best Lawyers in America as the “2013 Lawyer of the Year – Securities Litigation,” and Chambers USA has recognized Rich as “one of the deans of the securities enforcement bar.” He has served on the adjunct faculty of Georgetown University Law Center, teaching a course in “Professional Responsibility in Corporate and Securities Practice.” See his complete bio here.
1. What is the greatest challenge to the legal industry over the next 5 years?
Once upon a time, starting a law firm meant reading Jay Foonberg’s classic, How to Start and Build A Law Practice (affiliate link). From 1976, when the ABA published the first edition, until very recently, Foonberg pretty much owned the law firm startup space, with over 300,000 copies sold — an unheard of accomplishment for a niche-market book.
What’s even more remarkable is that most lawyers of that generation who sought to hang a shingle never even purchased Foonberg’s hefty tome, which cost around $79. Instead, you either skimmed it in a law school library (surreptitiously, if you happened to be there researching for your day job at a law firm). Or maybe — as was the case for me, after the firm where I worked gave me six months’ notice — a colleague pressed a copy into your hand and whispered, “You have to read this.”
And Foonberg covered all of it — from Foonberg’s Rule (get the money upfront!) to a pricing scheme that advised setting hourly rates with reference to the cost of a Big Mac at the local McDonald’s (I don’t remember the ratio — maybe 10 or 20 times the cost of the burger?). But Foonberg had other decrees also: a year of savings up front before starting out. Renting an office. Never let the sun set on an unreturned phone call. Family comes first…
You’ve given a lot to your law school. There was that dumpload of tuition, of course. There was the immediate boost you gave their U.S. News Ranking when they got to count you as employed within nine months of graduation. And there’s the fact that you don’t reach through the phone and strangle them when they call asking for even more money every week.
Isn’t it time the law school gave something back? In addition to that J.D. that’s rapidly diminishing in value, I mean.
It’s the holiday season and one law school decided to get into the Christmas spirit and sent its alums an email with the subject line, “A Gift from the Law School.”
No more waiting, let’s tear off the wrapping paper and see what some law school generously gave its alums…
“What a person knowingly exposes to the public, even in his own home or office, is not a subject of Fourth Amendment protection . . . But what he seeks to preserve as private, even in an area accessible to the public, may be constitutionally protected.”
‘I do. I want to be seen. I want proof I existed [ . . . ] Most people do. Most people would trade everything they know, everyone they know — they’d trade it all to know they’ve been seen, and acknowledged, that they might even be remembered. We all know we die. We all know the world is too big for us to be significant. So all we have is the hope of being seen, or heard, even for a moment.”
The Circle (affiliate link), the latest novel by Dave Eggers, is a work of speculative fiction centering on a hypothetical technology company called the Circle. Eggers sets the story on a glossy, mythical Silicon-Valley internet campus that unapologetically resembles some famous not-so-mythical ones. At the start of the tale, the Circle has recently overtaken Google, Facebook, and Twitter. Its TruYou technology has created unified accounts for its users’ online presences, linking all social media profiles and bank information, tying it to users’ actual offline identities. TruYou is a convenience, a means of better connecting online, but it also changes the tenor of Internet conversation. Since TruYou eliminates pseudonyms and anonymous activity, it also restores real-life accountability to online comments and interactions. People are nicer. Shopping is easier. Communicating is quicker. People send “zings.” They respond with “smiles” or “frowns.” The reader need not decode much in order to recognize this world….
* Walking out on the law firm life is a bold move. This is pretty much how it goes down for everyone who does it. [Big Law Rebel]
* Cops in Rochester arrested three black kids for waiting at their bus stop. [Gawker]
* As we noted on Friday, the Jackie Chiles Law Society held a mock trial and convicted Harry Potter. “Who told you to put the Butter Beer Balm on!?” Video after the jump (note that the clip plays automatically, so don your headphones if necessary).
‘Who needs a bonus? We have these nifty red hats!’
The holiday season is upon us, and yet again, you have no idea what to get for the fickle lawyer in your life. We’re here to help. Even if your bonus check hasn’t arrived yet, any one of the gifts we’ve highlighted here could be a worthy substitute until your employer decides to make it rain.
We’ve got an eclectic selection for you to choose from, so settle in by that stack of documents yet to be reviewed and dig in….
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: