* Never text angry. A New York judge just put the kibosh on a man’s suit to secure the return of a $53,000 engagement ring from his jilted would-be wife because he sent an ill-advised angry text. [MyFoxNY]
* A German judge allegedly sold thousands of answers to law exams. When authorities closed in, the judge went on the run before being caught with “€30,000 in cash, a loaded pistol and… a 26-year-old Romanian woman.” Who knew bar exam answer keys were the new Blue Sky. [The Local]
* Here’s the 50 Most Comfortable Prisons in the World. Hopefully the judge above will land in JVA Fuhlsbuettel Prison. [Arrest Records]
* Judge lambasts the Bronx DA’s office after an ADA failed to reveal evidence that would have freed a man held at Rikers Island on bogus rape charges. Unfortunately, this isn’t surprising. [New York Daily News]
Working as a lawyer for the government is regarded by many as the life raft for riding out the recession. But thanks to shrinking budgets, attorneys in the public sector are also losing their jobs.
Yesterday the Bronx District Attorney, Robert T. Johnson, issued a letter announcing a layoff of 12 assistant district attorneys in his office, scheduled to take effect by the end of this month. The prosecutors who are losing their jobs have already been notified. Johnson blamed the New York City financial plan, which significantly reduces the office’s funding for the fiscal years of 2011, which started yesterday, and 2012.
The cuts were not unexpected, since Johnson had laid the groundwork for layoffs in a letter back in May. In that letter, first reported by the New York Daily News, Johnson predicted that he might have to lay off as many as 45 ADAs. So the cut of 12 ADAs could be seen as “good news,” since it’s smaller than some expected. (In his letter yesterday, Johnson said that he was able to avoid larger cuts thanks in part to some cost-saving measures in the office.)
But Robert Johnson announced another piece of news at the same time, which a number of veteran prosecutors found strange and upsetting….
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: