Credit Ratings

Lindsay Lohan

* Noah “Kai” Newkirk, the protestor who disrupted Supreme Court arguments in February, was sentenced to time served and barred from the court. Don’t worry, we’ll get you all the SCOTUS clerk news you need, cutie. [Associated Press]

* “There are still a lot of firms out there hoping the good old days are going to return, and are finally coming to the realization that that isn’t going to happen.” More on Biglaw layoffs. [Am Law Daily]

* Yet another law school gets its rating downgraded by Moody’s. As a standalone school with “substantial declines in JD enrollment,” Vermont Law’s outlook is now negative. Sad trombone. [Moody's]

* Jason Bohn, the heavily indebted law school grad once profiled by the New York Times, was convicted of murdering his girlfriend last month, and now he’s been sentenced to serve life in prison. [New York Post]

* “Is the Tax Code really 70,000 pages long?” No, not really. We wonder who started the rumor that it was so long, because in reality, it’s only about 2,600 pages long — which is still way, way too long. [Slate]

* It appears that the apple doesn’t fall too far from the tree with this celebrity family. Lindsay Lohan’s mother, Dina Lohan, pleaded guilty yesterday to drunken driving and speeding charges in New York. [CNN]

Sarah Jones

* After its patent battle in the courts, Apple wants Samsung to pay for a portion of MoFo’s legal fees. When you think of it, $15.7 million is a rather piddling amount when full freight is $60 million. [The Recorder]

* Say goodbye to your pensions! As it turns out, law review articles aren’t so useless after all. Detroit’s foray into Chapter 9 eligibility is the brainchild of a Jones Day partner and associate duo. [Am Law Daily]

* It must be really stressful to plan a wedding when your defamation victory is on appeal to the Sixth Circuit. The latest chapter in the Sarah Jones v. TheDirty.com case could mean curtains for online speech. [AP]

* When it comes to their credit ratings, stand-alone law schools are getting screwed due to their inability to put asses in their empty seats. Four out of five schools profiled could be in big trouble. Which ones? [WSJ Law Blog (sub. req.)]

* “You need to not dress like that.” TMZ’s attorney, Jason Beckerman, is an alumnus of Kirkland & Ellis, and he was quickly advised by a producer that he needed to lose his lawyer duds. [California Lawyer]

‘Do you seriously expect me to feed you?’

* An attorney from Orrick with two SCOTUS clerkships under his belt will now be arguing a case before the high court. Seems standard, but the exciting part is that this guy’s still an associate. Congratulations! [Am Law Daily]

* From Biglaw to Boutique, the Finnegan edition: five IP lawyers, including a member of the firm’s management committee, will be starting their own practice. We may have more on this later. [Thomson Reuters News & Insight]

* Calling all wannabe government lawyers! Screw the sequester; the Department of Justice is planning to add more than 100 positions in 2014. Let’s hope these budget requests are approved. [Legal Times]

* “I actually felt sick working him for him.” If you were a paralegal and your boss was allegedly trying to recruit you to be his “third wife,” you’d feel the same. Expect more on this on this later. [New York Post]

* Here are 25 Northeast law schools ranked by employment rate. At least my school wasn’t ranked dead last on this list, and that’s something to be excited about… right? [Boston Business Journal]

* Maybe more people will care about law schools when their credit ratings tank. Speaking of which, thanks to a 14% drop in enrollment, Standard & Poor’s has downgraded Albany Law. [Times Union]

* Joseph Feller, an environmentalist and beloved professor at ASU College of Law, RIP. [ASU Law]

We’re still waiting to see if the lawsuits marshaled against law schools over their questionable employment statistics will have any effect. Obviously schools are misleading people about the employment outcomes of recent graduates — notice that the law schools aren’t even arguing that they give students an accurate picture. They just say their numbers shenanigans conform to the pathetic guidance laid down by the American Bar Association. But it’s still an open question whether this employment obfuscation will be legally actionable.

Basically, nobody cares if law schools lie to potential students.

But if the credit ratings agencies feel they’ve been lied to, that might be a whole different kind of problem…

double red triangle arrows Continue reading “Will Sued Law Schools Take A Hit To Their Credit Ratings?”