* Thanks to the slow transactional markets in Western Europe, Magic Circle firms like Allen & Overy, Linklaters, and Clifford Chance are struggling to pull a rabbit out of a hat in terms of gross revenue and profits. [Am Law Daily]
* If at first you don’t succeed because of John Ashcroft, try, try again. Former Missouri Supreme Court Judge Ronnie White is once again being considered for the federal bench in St. Louis. Good luck! [Missouri Lawyers Weekly]
* In case you’ve been sleeping under a rock, Boston bombing suspect Dzhokhar Tsarnaev pleaded not guilty to murder charges. He’s looking at life in prison or the death penalty. [Bloomberg]
* Target, if you’re wondering why you’re getting sued, it’s because of this alleged memo explaining that not all Hispanic employees eat tacos, dance to salsa, and wear sombreros. [Huffington Post]
* “Please don’t be hung” is a solemn prayer that’s only useful to a woman whose case is on re-trial. Ex-Bengals cheerleader Sarah Jones’s defamation suit was sent to the jury. [Associated Press]
* Akin Gump partner Patricia Millett is willing to take a whopping pay cut to serve on the D.C. Circuit — from $1MM to $184K — and for that alone she should be confirmed ASAP. [National Law Journal]
* With the number of law firm mergers in the last six months alone, we’re on a “potentially record-setting pace” for 2013. Hey, look at it this way: it’s cheaper than hiring and firing laterals. [Am Law Daily]
* According to the Bureau of Labor Statistics, in June, the legal industry lost more jobs than it has in a single month since June 2011. Congrats, Class of 2013! welcome to the real world. [Am Law Daily]
* In its defense, Standard & Poor’s claims its ratings were puffery, and that no reasonable investor would rely on them. Aww, poor widdle “sophisticated consumers of [investment information].” [Bloomberg]
* For those of you practicing personal injury law in New York, this case is a bombshell. If you want to put the whole insurance industry on trial, follow the action here. [New York Personal Injury Law Blog]
* Sarah Jones, the ex-cheerleader who sued TheDirty.com for defamation, was back in federal court yesterday for the beginning of her case’s retrial. What a way to start an engagement. [ABC News]
Ed. note: We hope that you had a great July 4th — and that you’re enjoying a four-day weekend. But if you’re at work today and looking for diversion, check us early and often — we will be posting today (although on a reduced publication schedule).
* Lawyer of the Day Long Weekend: Christopher Kirby, whose profanity-laced tirade at the mother of a special-education student during a school board meeting has gone viral. Stay classy, Chris. [New York Daily News]
Last summer, we brought you a tale about some mom-and-dad law grads who had been accused of planting a potpourri of drugs and drug paraphernalia in a school aide’s car for her apparent failure to “properly supervise” their child. At the time, Kent Wycliffe Easter (UCLA Law ’98) and Jill Bjorkholm Easter (Boalt Hall ’98) were charged with conspiracy to procure a false arrest, false imprisonment, and conspiracy to falsely report a crime.
The pair later pleaded not guilty, but were indicted for those crimes in October. A fact that hasn’t been trumpeted from the rooftops — perhaps it wasn’t salacious enough? — is that according to court records, the complaint against the Easters was dismissed in November.
UPDATE (6/26/2013): But note that the grand jury indictment is still pending.
Kent and Jill Easter are understandably upset after having been dragged through the mud for so long, regardless of the fact they’re still under indictment. And so, like any lawyer would do, the Easters are now suing several parties for defamation….
* Congratulations to Sri Srinivasan on his unanimous confirmation to the D.C. Circuit. Fun Fact: Sri Srinivasan played high school basketball on the same team as Danny Manning. No joke there, it’s just a random fun fact I know about him. [USA Today]
* Should health care cover sex for people with disabilities? Sure, but spring for the Cadillac plan so you don’t get stuck with Helen Hunt. [PrawfsBlawg]
* The federal government has almost $5 billion invested in law schools. That’s around 4.4% of the total federal investment in higher education. So screw you future microbiologist, we need moar lawyerz! [Law School Cafe]
* Skadden covertly recruited its lawyers and staff best versed in Star Wars to sort through the intellectual property rights to 209 characters to make sure Disney successfully acquired the proper rights for every core character. If they had any decency they’d just let Jar Jar go. [Hollywood Reporter via ABA Journal]
* Law school to reconsider applicant it dinged the first time around. As Paul Caron notes, “Money quote from Dean: ‘we wanted to make sure that we weren’t taking advantage of them.'” How magnanimous of you to reconsider taking their money. [Tax Prof Blog]
* Judges manipulated the system to promote a vendor they personally operated on the State’s time. That’s one way to pad that judicial salary. [Washington Times]
* Kirkland and Ellis associate Roy Cho is mulling a run for Congress in New Jersey. It’s not official yet, but he has set up a campaign-ready Twitter account, and in politics that’s like changing to “In a Relationship” on Facebook. [NJ Herald]
* Zachary Cohn, age 6, drowned after becoming entrapped in the drain of his family’s swimming pool. The Connecticut Superior Court recently finalized a combined settlement of $40 million to Zac’s estate. Now his parents have taken all of the net proceeds from the case to establish The ZAC Foundation to tackle the nationwide issue of pool suction entrapment in private and public pools and to improve overall water safety. [Daily Business Review]
* The Times Publishing House is suing a 22-year-old law student for defamation. A newspaper suing a new media reporter with the very laws that land them constantly in court? *Cuts off nose to spite face* [Spicy IP India]
So what got that Wake Forest law student mad enough that he started calling for Wake’s accreditation?
To briefly recap, a Wake law student, Daniel Skinner, filed a defamation suit against Wake and several Wake officials over a letter he received suggesting that he’s quick to accuse folks of fraud and deceit.
Underlying this dispute is Skinner’s claim that Wake failed to meet basic accreditation standards and therefore defrauded the ABA and the federal government.
The details of this claim weren’t clear from the complaint and Skinner’s personal blog. But thankfully some folks have stepped up and provided us with more material Skinner has sent around explaining his beef with Wake Forest. So in the interest of full disclosure, let’s take a look at Skinner’s side of this story…
Law schools have been sued before. Often, we here at ATL, applaud those efforts. It’s a David and Goliath undertaking to bring a school literally filled with lawyers to court.
But this lawsuit has a little less “heroic struggle” to it. Suing because a dean accused you of being too quick to accuse others of acting in bad faith? Maybe he hasn’t taken torts yet, because truth is a defense…
* Texas law student/international small-arms dealer Cody Wilson got shot down (pun!) days after revealing a fully security-proof 3D printable gun. The State Department pointed out that Wilson seems to be violating all manner of international arms agreements, which was pretty obvious when he went on video boasting about how his weapons were being used in hotbeds of civil strife. [Foreign Policy: Passport]
* The Juice may soon be loose! But probably not. O.J. Simpson has a hearing seeking a new trial in Las Vegas and blaming his former lawyer, Yale Galanter. Best part? Simpson claims Galanter approved the whole “armed, threatening confrontation” plan beforehand. Oops. [FOX News]
* Michael Arrington, a lawyer and “one of the most powerful people on the Internet,” is suing his ex-girlfriend for defamation. The complaint compiles some pretty salacious claims that she made via social media. [Valleywag]
* Just when you thought being an unpaid intern couldn’t be sadder, Judge Baer makes it sadder. [Fashionista]
* The “Thug’s Lawyer” got a reprieve when a judge tossed his indictment for conspiracy, obstruction of justice, theft, and perjury. [The Advocate]
* The EEOC filed suit against a Miami company that required its employees to become Scientologists. In other news, someone actually thought they could get away with making all their employees join the Church of Scientology. [Lowering the Bar]
* The history of the Madison Avenue IPOs alluded to in last week’s Mad Men. [DealBook]
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: