Welcome to Lawyers & Economics, a new video series on financial topics by Professor William Birdthistle of Chicago-Kent College of Law. Professor Birdthistle, who teaches corporate law, has been preparing well-received videos for his students on a variety of subjects related to economics and finance. We’ve previously linked to some of his work, which received positive reader feedback, so we thought we’d give you a bit more.
After the jump, here’s a short primer on the Greek debt crisis, which remains ongoing. Watch it, so you can sound enlightened the next time this topic comes up at a cocktail party.
It features not just Professor Birdthistle but also a television actor you might recognize, who left Hollywood to become a law student….
When news emerged last week that the Wall Street protests were spreading to London, I dared to dream. Maybe I could inculcate myself among the protesters, I wondered, and persuade their leaders to target a Biglaw firm rather than a bank. Then, I fantasized, having obtained the relevant door-code from one of my disgruntled Biglaw contacts, perhaps I could lead the protesters inside to set up an encampment. At which point, I hallucinated, I’d be able to live-tweet my experiences and, as the only journalist on the scene, become a star.
Disappointingly, it didn’t work out that way. The protesters proved frustratingly unmoved by my suggestions that they target a law firm. Instead, they tried to occupy the square in front of the London Stock Exchange. Prevented from doing so by the police, they ended up milling around the adjoining forecourt of St. Paul’s Cathedral, where their hard-core was diluted by confused tourists. What the New York Times accurately described as “a picnic atmosphere” prevailed, with “people streaming in and out of a nearby Starbucks.”
Even an appearance by Wikileaks founder Julian Assange — who arrived mid-afternoon wearing a Guy Fawkes mask to deliver a sermon on the steps of St. Paul’s — wasn’t enough to kick-start some proper rebellion. Indeed, with his claim that the Occupy Wall Street/London Stock Exchange movement “is not about the destruction of law, but the construction of law,” Assange sounded less like a revolutionary, and more a regulatory expert in the U.K. on a business trip….
Amanda Knox testified in her own defense in the appeal (which is allowed in Italy; the appellate court can revisit the facts). She told the eight-member jury, in Italian, “I’m not a promiscuous vamp. I’m not violent … I have not killed, I have not raped, I was not there, I was not present.”
After 11 hours of deliberation, the jury issued its verdict, overturning the convictions of Amanda Knox and Raffaele Sollecito in the murder of Meredith Kircher, Knox’s former roommate. Congratulations to Knox and Sollecito, who now get to say ciao to prison.
* Above the Law — of animal cruelty? Steven Seagal, Sheriff Joe Arpaio, a dead dog, and a rooster massacre. [TPM Muckraker]
* After a judge shot down the effort by NBA star Gilbert Arenas to stop “Basketball Wives: Los Angeles” from airing, Arenas’s ex-fiancee, Laura Govan, was allowed to strut her stuff on television — and it wasn’t pretty. [Sister2Sister]
* Congratulations to super-mensch Stanley Levy, senior counsel at Manatt, on winning Am Law’s Lifetime Achievement Award for 2011. [American Lawyer]
I almost don’t want to write about this because I know how many law firm managers and industry consultants read this site. If you are a person of any authority at an American law firm, or even if you aspire to be such a person, please stop reading this post. We’ll consider it an Above the Law honor code violation is you read any further.
Okay, for all the rest of you, we need to tell you that on the other side of the pond, they are pioneering new ways to turn a lawyer’s sense of shame and fear of failure into more money for the firm. Roll on Friday (gavel bang: Golden Practices Blog) reports that a European law firm has started utilizing computers that change color depending on how productive you are.
Seriously, what’s next? A computer that delivers an electric shock every time you log onto Facebook?
If he was here, maybe we’d have the resources to give each of these entertaining lawsuits the full posts they deserve. Instead, it’s just me, and I’m a little pressed for time now that Harvard has decided to release the transcripts of every black person ever admitted so it can prove that we were all more deserving than George W. Bush.
So we’re going to have to tackle three fun lawsuits in one post. Breathe deep and smell of funny, my friends…
Isn’t it annoying when the YouTube video you’re watching just stops loading right in the middle? Or when your Skype connection suddenly starts sucking in the middle of a video conversation?
Well, it turns out that in Europe, sometimes stuff like that doesn’t happen accidentally. Internet Service Providers intentionally “throttle” certain kinds of web traffic.
The European Union is sick of this. On Tuesday, the European Commissioner for Digital Agenda threatened new legislation and public humiliation for companies that don’t allow consumers easy access to a free and open Internet. That’s right, kids; the net neutrality debate is hot in Europe, too….
A legal challenge to Google search results garners more sympathy in Europe than it would in the U.S.
A cutting-edge legal complaint in Europe over internet reputation could force Google to rethink how it handles individuals’ control over the search results for their names.
Spanish plastic surgeon Hugo Guidotti Russo wanted Google to liposuction from his results a 1991 news article about a patient angry about an allegedly botched breast surgery. The article from El País, about a breast surgery that led a female patient to accuse Russo of malpractice, has the translated headline, “The risk of wanting to be slim.” Russo was later cleared of wrongdoing in the surgery, but the article, which doesn’t mention his acquittal, shows up on Russo’s first page of results. Google, as is its policy, refused to scrub it.
The case is one of over 80 in Spain in which the country’s privacy regulator, the Agency for Data Protection, has ordered Google to intervene and delete links from search results because they are out of date or contain inaccurate information. The agency summed up the conflict with a public advisory on its website in January: “Google Trial. The right to forget meets the freedom of information.” The “right to be forgotten” is not one found in the American Bill of Rights, but it’s becoming a popular one in Europe in the digital age, even if it does sound like the most depressing right ever.
Ms. JD is hosting their 2nd annual cocktail benefit to raise money for the Global Education Fund. The event will be held on August 21, 2014 at 111 Minna in San Francisco. Our goal is to raise $20,000 to fund the legal educations of four dedicated law students in Uganda who count on our support to continue their studies at Makerere University during the 2014-15 academic year.
The Global Education Fund enable womens in developing countries to pursue legal educations who otherwise would not have access to further education. According to the World Bank, investment in education for girls has one of the highest rates of return to promote development. In Uganda, more than 45% of women over the age of 25 have no schooling at all, and men are more than twice as likely as women to have access to higher education. Together, we can work to end educational inequality. For more information about the program, please visit http://ms-jd.org/programs/global-education-fund/
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: email@example.com.
We at Kinney Asia have made a number of FCPA / White Collar US associate placements in Hong Kong / China thus far in 2014. Most of such placements have been commercial litigation associates from major US markets, fluent in Mandarin, switching to FCPA / White Collar litigation. Some have already had FCPA experience, but those are difficult candidates for firms to find (this will change in coming years as US firms are now promoting FCPA / White Collar to their 2L summers who are fluent in Mandarin and have an interest in transferring to China at some point).
Legal Week quoted Kinney’s Head of Asia, Evan Jowers, extensively in the following relevant article here.
There is a new trend in the market, though, where mid-level transactional US associates, fluent in spoken Mandarin and written Chinese, are interviewing for and in some cases landing junior FCPA / White Collar spots in Hong Kong / China at very top tier US firms.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.