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 seven years. You can reach them by email: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
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