Bradley Cooper: a very handsome man, but sadly not a lawyer.
Seemingly random small-firm lawyers from Alabama weren’t the only legal types in attendance at the White House State Dinner on Tuesday evening. Indeed, as we’ve previously noted, numerous legal celebrities attended the festivities as well.
Sure, there were some “celebrity celebrities” at 1600 Pennsylvania Avenue that night. The guest list included such boldface names as J.J. Abrams, Stephen Colbert, Bradley Cooper, Mindy Kaling, and Julia Louis-Dreyfus.
But who cares about Hollywood? Above the Law readers are more interested in the government lawyers, federal judges, Biglaw partners and law professors who attended this major social event….
It’s difficult to put into words just how racially divisive the O.J. Simpson trial was. That’s my first excuse for why this post is so bad. For nearly a year and a half, the entire nation was tuned into the trial. An entire constellation of ridiculous people became our first reality stars: the poodle-haired Marcia Clark, smooth-talkin’ Johnny Cochran, n-bomb aficionado Mark Furman, hirsute little person Lance Ito. Or maybe the stars were DNA evidence and reasonable doubt. Because for a year and change, America was riveted by a criminal trial. By lawyers and evidence and rulings and motions and cross examinations. And while we still occasionally watch trials of the century, we don’t do it with near as much vigor as we did when Orenthal James Simpson was indicted. And we definitely don’t break down along nearly the same rigid racial lines.
To put it into terms that current law school students will understand (an overwhelming majority of whom don’t remember the trial), O.J. Simpson was a lot like Justin Bieber. Like, that polarizing.
* The NBA is suing its players for failing to negotiate in good faith. Funny, I think the players are acting with the same “good faith” NBA owners do when they steal teams from loving fan bases or hold cities hostage until they build new arenas. [WSJ Law Blog]
* Having a drunk woman angrily spray breast milk on you is probably not as alluring as it sounds. [Sentencing Law & Policy]
* In other sentencing news, a guy got six weeks in jail for getting his ass kicked by Rupert Murdoch’s wife. [Gawker]
Back in September 2010, we bestowed Lawyer of the Day honors upon David J. Stern, aka Florida’s “Foreclosure King.” We noted Stern’s rise into the ranks of self-made millionaires, despite not having attended some fancy first-tier law school. (Stern graduated from the South Texas College of Law, a fourth-tier school.)
We marveled at Stern’s wealth: a $14 million mansion here, a $7 million condo there, Ferraris and Porsches galore, and a 130-foot, $20 million yacht. We noted that Stern, thanks to the success of his booming foreclosure-law practice, was “running financial circles around all those Stanford and NYU law grads who wound up as Biglaw partners.”
Alas, in the past few months, David Stern’s fortunes have taken a turn for the worse….
* Of shaken babies and unsure verdicts. This long piece in the Times Magazine, by Emily Bazelon, is well worth your time. For those who require a funny take on shaking, there’s always this totally NSFW Chris Rock bit. [New York Times Magazine]
* What do willful violations of antitrust law and not being admitted to the Super Bowl with a valid ticket have in common? Treble damages. [SI.com]
* David Stern got it turned around on him, like a guy who was the foreclosure king and won’t have any need for a strap-on where he’s going. [ABC News]
* Let us celebrate the Green Bay Packers win last night by remembering a more innocent time — a year ago, when viewers of the Super Bowl weren’t eye-raped by the Black Eyed Peas and, instead, eye-caressed by sweet sweet porn. [New York Daily News]
* Speaking of innocent Super Bowl revelry… child prostitution! [Time]
* Raquel Balsam paid too much for her SUNY education and now she says “I pretty much felt cheated on.” Like it got turned around on her… yeah, I’m using that twice. [New York Times]
Back in September, we wrote about David J. Stern, “Florida’s Foreclosure King,” who earned our Lawyer of the Day title for his ascendancy from the fourth tier to the lap of luxury. At the time, we sang Stern’s praises. Stern, a graduate of South Texas Law, employs 900 people, made $17.8 million in 2008, owns $60 million in real estate, and collects yachts.
Thanks to the New York Times, we knew back then that Stern may have been a shady character. But we kind of brushed off those pesky little questions about his “ethics” and “questionable practice methods.” I mean, come on, how many lawyers can say that they drive a Bugatti?
Well, maybe we shouldn’t have overlooked these issues so quickly…
No, we’re not talking about thatDavid J. Stern, the lawyer turned NBA commissioner. We’re talking about David J. Stern of Plantation, Florida, a leading lawyer to banks and financial services companies in mortgage-related and foreclosure proceedings.
Over the holiday weekend, the New York Times ran a lengthy article, by Gretchen Morgenson and Geraldine Fabrikant, focused on Florida’s new foreclosures-only courts. Florida’s court system has been so overwhelmed by foreclosure proceedings that the state earlier this year set aside $9.6 million to establish foreclosures-focused courts around the state, presided over by retired judges.
One of the major players in the new court system is David J. Stern, whom the Times describes as “[t]he lawyer most closely identified with Florida’s foreclosure morass.” And for his troubles, this “mystery man within the foreclosure world” has been richly rewarded — very richly rewarded.
Stern went to a fourth-tier law school, but financially he’s running circles around all those Stanford and NYU law grads who wound up as Biglaw partners. His inspiring story shows that, in the end, success in the law is not about where you went to school, but what you’re capable of doing.
Even if you graduated from a non-top-tier law school, if you’re aggressive and smart and entrepreneurial, you can do quite well for yourself. Let’s take a look at David Stern….
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: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.