* “Without the formation of character, the rest is futile.” An Article III judge’s take on the law school crisis. [Simple Justice]
* Because nobody likes sloppy seconds, the merger talks between Pillsbury Winthrop and Dickstein Shapiro are now off the table. [Thomson Reuters News & Insight]
* David Tresch, an ex-Biglaw CIO, was indicted last week on wire fraud charges. “Bitch better give me back my money,” said Mayer Brown. [ABA Journal]
* Does Jeffrey Toobin understand the Voting Rights Act? This law professor seems skeptical. [PrawfsBlog]
* Praise the Lord and pass the ammunition, because this Saturday is Gun Appreciation Day. Go celebrate your Second Amendment rights — but do it responsibly, please! [Volokh Conspiracy]
* Remember Ryan Chenevert, the young lawyer who took home the title of Cosmo’s Bachelor of the Year for 2012? Check out the very tongue-in-cheek interview this hottie did with 225 Magazine, after the jump….
October brought a lot of tricks for the legal community, but there were some treats, too. From death-defying deeds of dumbness to dastardly weather disasters, last month seemed to have it all as far as we’re concerned.
Which attorney allegedly dropped a joint in front of cops in a courthouse? Which attorney allegedly got so wasted that she threw herself in the garbage? And which lawyer was so sexy that he won money for it?
Two short weeks ago, we brought you news about the lone lawyer who represented the entire profession in Cosmopolitan’s 2012 Bachelor of the Year contest. Ryan Chenevert, also known as Mr. Louisiana, graduated from LSU’s Paul M. Hebert Law Center this past spring, and found out that he passed his state’s bar exam last week. October was already shaping up to be a good month for him.
When we last spoke to Ryan, he told us that he didn’t think he stood a chance against the competition — after all, there were professional soccer players and Olympic gold medalists in the running, and he was “just a regular guy with a law degree.” But as it turns out, regular guys with fine physiques and matching legal credentials can win big, too.
We knew that Above the Law had some major pull in the legal community, but never before did we think that we had the power to crowdsource a win in a national competition….
We sometimes get complaints about the way that we supposedly objectify women here at Above the Law. Well, today let’s change things up a bit. Let’s objectify some men! Year after year, Cosmopolitan’s Bachelor of the Year contest is filled with studs from every state in our fine nation.
In 2010, there was some very strong lawyer representation in the contest (two law students and one practicing attorney), but last year, only one lawyer was nominated as a finalist. We were worried that perhaps male lawyers had somehow gotten less attractive.
This year’s edition of the contest again brought only one law school graduate to the table, but our worry about the decline in attractiveness of lawyerly lads has been put to bed, because this hunk looks strong enough to carry the weight of representing his entire profession in this competition on his shoulders.
Quality definitely makes up for quantity this year….
This seems like good timing, then, for the arrival of Cosmopolitan magazine’s Bachelor of the Year contest. We learned about the competition, in which readers vote for their favorite from 51 bachelors (50 states + D.C.), via Going Concern (our sister site, until recently).
Caleb Newquist of Going Concern highlighted Carl Koenemann, an aspiring accountant who looks great with his shirt off. But the bachelors up for bids also include three legal eagles: two law students, and one practicing lawyer.
Perhaps you’ve met one or more of these hunks. Let’s get to know them a little better (and check out some shirtless pics), shall we?
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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