Well, today Ira Schacter is back in the news. He’s accused of refusing to pay for his teen daughter’s $12,000 hearing aids, while dropping $215,000 on a diamond engagement ring for his Playboy-bunny fiancée. If true, that’s pretty shoddy behavior — the very embodiment of cheapness, from a big-time Biglaw partner who can easily afford twelve grand.
But I know what you’re all wondering right now: “How hot is that Playboy-model fiancée?”
Anytime my lawyer friends talk shop, my divorce lawyer friend always has the most interesting stories. A few months ago, a group of us went for happy hour. The conversation turned to a discussion of what we were doing at work. I said that my client was contemplating settlement over his parking lot lawsuit. Everyone yawned. My finance lawyer friend began to talk about securitizing something, but then just stopped talking because she knew her work was even more boring. This trend continued until my divorce lawyer friend talked about a recent trial. The highlights of her story included a lesbian affair and a mail-order bride. We were all rapt.
For that reason, I have wanted to profile a divorce firm for a while. Recently, I was lucky enough to have a conversation with San Francisco family lawyer (I guess they prefer that term) Erik Newton. His firm, Heath Newton LLP, has become a highly regarded boutique law firm that specializes in “Family Building,” “Divorce and Dissolution,” and “Asset Protection”….
Voulez vous coucher avec moi ce soir? You’d think that when women ask that question of men in France, they’d be receptive. In fact, in my experience, French men are overly amorous. When I was a French exchange student at the ripe old age of 15, an older guy approached me at a club and tried to woo me with this line: “Did you know zat Frenche men make ze best loveurs?” I didn’t care to find out.
Well, times have changed, because apparently the French aren’t such great lovers anymore. A 2010 poll taken by the French Institute of Public Opinion found that 76% of people surveyed were having relationship problems due to a poor sex life. And it seems that a poor sex life was what brought about a divorce between Jean-Louis B. and Monique, a middle-aged couple in the birthplace of the language of love.
But after enduring 21 years of a near sexless marriage, a divorce was simply not enough for Monique. Mrs. B. wanted to be compensated for the lack of sexual rendezvous with her ex-husband, so she sued him for it….
[A] rush to open the practice of law to unschooled, unregulated nonlawyers is not the solution [to the justice gap]. This would cause grave harm to clients. Even matters that appear simple, such as uncontested divorces, involve myriad legal rights and responsibilities. If the case is not handled by a professional with appropriate legal training, a person can suffer serious long-term consequences affecting loved ones or financial security.
I think he did the right thing. I’m proud of my brother and now he’s in a better place. He’s at peace. His daughter’s at peace. She’ll have one name now, and we can move on. And hopefully the court will learn a little thing about justice.
Today we bring you two tales of Chicago-area lawyers accused of naughtiness. Chicago is a beautiful city in the summer, but some of its attorneys are facing ugly allegations.
Ladies first. What’s going on with Reema Bajaj, the rather attractive Illinois lawyer accused of prostitution? We’ve mentioned Bajaj here and there over the past few weeks, but we haven’t had hard news about her since June. Is her case any closer to resolution?
Apparently so. A plea deal is near, according to the Daily Chronicle, and Bajaj is scheduled back in court on August 31. As you may recall, Reema Bajaj has been charged with two misdemeanors and one felony. If she pleads guilty to just a misdemeanor, can she keep her Illinois law license? Readers, please enlighten us.
Let’s hear more about Reema from one reader who knows her personally — don’t worry, he’s not a customer — and then learn about another twentysomething Chicago lawyer accused of more-serious criminal conduct….
(A New York judge, Laura Drager, recently barred Silverman from using scientific evidence to prove his “innate genius” in court, in litigation against his ex-wife, Nancy Silverman. A creative way to try to get around the lack of a prenuptial agreement, don’t you think?)
Sad fact of the day: about fifty percent of marriages in America end in divorce. Of course, many of you already knew that, because you’re divorced yourself, the child of divorced parents, or a divorce attorney who is rolling around in money. But however you slice it, some of the best divorce train wreck stories are born of child custody battles.
Parents going through a divorce are willing to fight over anything when it comes to the custody of their children (“How dare you feed little Suzie pasta that isn’t organic and gluten-free?!”). Even when a divorce is finalized, sometimes parents are still willing to pull the trigger on any issues that arise. In some cases, though, custody modifications are warranted.
And in this case, an Oregon mother is actually fighting to keep another woman from pulling the trigger on her teenage sons, because she’s done it before….
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: