* Beware of “affluenza” — the condition where rich kids believe that their wealth shields them from consequences. One kid with affluenza was convicted of four counts of manslaughter and got… probation. Great way to teach him that there are consequences. I don’t doubt being a hyper-privileged douche contributed to his criminal behavior, but let’s see if the judge is equally lenient to the next kid in this courtroom who argues that poverty contributed to his crimes. [Gawker]
* In America people complain about law reviews sharing outlines for free. In the U.K., they’re selling notes on eBay. If you’re buying notes off the Internet, perhaps law school isn’t your bag. [Legal Cheek]
* Do Twitter mentions reflect the scholarly significance of a professor’s articles? No. [TaxProf Blog]
* A Chinese law professor lost his job for writing an article advocating constitutional rule. If you think this is a harsh response, remember this government used to throw tanks at people over less. [Washington Post]
* Speaking of China, next month the CBLA is hosting a panel discussion about the expanded use of the FCPA, specifically with regard to China. [CBLA]
If you’ve been a loyal reader of Above the Law, you know that law school graduates have done some pretty crazy things to pay off their educational debt, up to and including the attempted sale of their law degrees on websites like Craigslist and eBay. Back in 2008, a graduate of DePaul Law tried to sell his degree on eBay for $100,000, the approximate value of his law school loans. Similarly, in 2010, a graduate of Georgetown Law attempted to sell his degree on Craigslist for his remaining student loan balance.
Some of these stunts failed miserably, but others (sort of) worked — the disgruntled Georgetown graduate managed to sell his diploma for 10 percent of the original asking price. But what about the current deluge of downtrodden law students? What can they do to offset their student loan debt?
Well, they can sell their names on eBay, for starters….
One of the worst parts of attending an institute of higher learning, whether for undergraduate studies or law school, is being forced to purchase overpriced textbooks that in all likelihood you will never need or open.
A cottage industry has sprouted up for people trying to find ways to let students pay less for the costly laptop stands. These days, students can take advantage of local used bookstores, Amazon or eBay, and in some cases, their iPads.
Earlier today, the Supreme Court agreed to hear a case regarding the legality of one unexpectedly common way to make a little cash, and still sell affordable-ish books: buy that s**t abroad for cheap, bring the books back to the U.S., and sell them online for normal American prices.
Unsurprisingly, publishers are not excited about this emerging “gray market.” That’s where SCOTUS comes in….
Here at Above the Law, we know that thanks to the powers of the internet, you can buy and sell just about anything on eBay, including stuff that may be relevant to your life in the law. We’re talking about things like:
Alas, one student at Temple Law School didn’t get the “no begging” memo. She sent out a Facebook invitation to almost 800 people, requesting their attendance at an event entitled “HELP [REDACTED] RAISE MONEY FOR THE BAR EXAM IN JULY!!!!”
Yes, she’s asking her law school classmates — some of whom are probably just as cash-strapped and debt-burdened as she is — to just give her money.
Or pay her for one of her magic spells. Because she’s a witch, you see….
We talk a lot about how expensive legal education is and how prospective law students need to think rationally about their debt exposure before they try to finance a legal education.
I’m not sure if this law student did any of that thinking. But I am sure that her solution to the high cost of legal education is pretty ridiculous. After selling off most of her “excess” possessions on eBay, she decided to use the site to solicit direction donations for her legal education. She’s not taking on more debt, she’s not going out and getting a job — she’s asking for charity.
* Here’s a list of America’s Worst Bosses for 2010. Shocker: some of them are lawyers. [eBossWatch]
* Is this a legal and/or fair way to get a flaking eBay auction winner to pay up? Maybe all is fair in love and war e-commerce — although that approach didn’t work out well for Vitaly Borker. [Reddit via Consumerist]
* Filing a lawsuit against McDonald’s over Happy Meals makes me sad — and Walter Olson mad. (Disclosure: I once worked at McDonald’s.) [New York Daily News]
* Speaking of delicious things — and readers, please note my use of “delicious” to refer to food — how do you overcome the “cupcake challenge”? A panel of experts, including my law school classmate, Georgia state legislator Stacey Abrams, tackled this question in a panel discussion at the U.S. Chamber of Commerce. [The ChamberPost]
* Single D.C. lawyers, there’s still time to entrust your love life to Kashmir Hill. We have many responses, but there’s gender imbalance right now. Kash needs men — please help! [Above the Law]
Earlier this week, we brought you the story of Nelson v. Jones Day — a discrimination lawsuit filed against Jones Day by Jaki Nelson, an African-American woman who worked at JD for almost 18 years. Some of the allegations in Nelson’s complaint — use of racial slurs by firm partners and administrators, sex scandals, and rampant bullying — were salacious and incendiary. If you haven’t already done so, read more about them in our earlier post.
As litigators well know, however, there are two (or more) sides to every story. And this lawsuit is no exception.
(We’re reminded of Aaron Charney’s lawsuit against Sullivan & Cromwell, alleging anti-gay discrimination. Based on the same reporting, some viewed that lawsuit as Philadelphia: The Sequel, while others saw it as an oversensitive and entitled associate suing a firm with no anti-gay bias — and numerous gay partners and associates.)
After we published our post, sources came forward to defend Jones Day and the lawyers mentioned in the complaint — and to dish dirt on the plaintiff, Jaki Nelson….
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: