Last week I attended an interesting talk by Preet Bharara, currently serving as the U.S. Attorney for the (extremely powerful and prestigious) Southern District of New York. I had heard great things about Bharara from many people, including current and former colleagues in the U.S. Attorney’s office and people who previously worked with him on Capitol Hill, where he served as chief counsel to Senator Chuck Schumer. So I was eager to hear his remarks, which he delivered to the New York Financial Writers Association, a group of business and finance journalists here in New York.
Here’s my report on what he had to say — including, for those of you who aspire to be assistant U.S. attorneys, what he expects from the prosecutors who work for him….
* Today’s decision by the Supreme Court in NASA v. Nelson dodges a big constitutional question — much to the chagrin of Justices Scalia and Thomas. [SCOTUSblog]
* Just like Monica Goodling, Danielle Chiesi admits to “crossing the line.” This afternoon Chiesi pleaded guilty to charges arising out of the Galleon Group insider trading ring. [Dealbreaker]
* Speaking of Wall Street-watching, check out this neat new website, ProxyMonitor.org. As James Copland of the Manhattan Group explains, the site’s comprehensive database of shareholder proposals sheds light on trends in corporate governance. [Point of Law; Proxy Monitor]
* Professor Glenn Reynolds wonders if his fellow Yale Law School graduate, Rep. David Wu (D-OR), has “undergone some sort of personality change.” [Instapundit]
* We know you love rankings. Here are the top 25 national universities and liberal arts colleges, according to the 2011 U.S. News college rankings. [TaxProf Blog]
* CHECK YOU ETHICS? In the seemingly endless Barbie/Bratz litigation, lawyers from Orrick, which now represents Bratz maker MGA, have accused Mattel lawyers from Quinn Emanuel of participating in an elaborate corporate espionage scheme. [WSJ Law Blog]
* Give her a gold-plated gavel: Wisconsin Law professor Victoria Nourse, nominated to the Seventh Circuit, has a net worth of almost $20 million. [The BLT: The Blog of Legal Times]
* Do you hate parking boots? So does this guy — and his taking a stand against them might bring about legal change in the U.K. [AltTransport]
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
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: