* Funny that SCOTUS just struck down a law imposing a 35-foot buffer zone around abortion clinics, yet it heavily enforces its own buffer zone. Some call it “supreme irony.” [WSJ Law Blog]
* Despite the slacking demand for legal services — down by 8.8 percent in terms of billable hours — members of the Am Law 100 still managed to keep their heads above water. [Am Law Daily]
* Lorin Reisner, chief of the criminal division of S.D.N.Y.’s USAO and Preet Bharara’s right-hand man on Wall Street convictions, is leaving for greener pastures at Paul Weiss. Congrats! [Reuters]
* New York State’s highest court has rejected New York City’s ban on gigantic drinks that was previously proposed by Mayor Michael Bloomberg. Go on, have yourself a nice Quadruple Big Gulp. [Bloomberg]
* When the long arm of the law flushes the toilet, it sometimes explodes, raining down jagged shards of justice. But on a more serious note, we’re happy no one was hurt at this courthouse. [Billings Gazette]
As you have probably heard by now, multiple explosions just went off near the finish line of the Boston Marathon. The situation remains in flux, but early reports from the Boston police claim that at least two people have been killed and 23 people have been injured. You can follow the latest news about this tragedy at Boston.com, Fox 25, the New York Times’s Lede blog, and social media.
The Boston Marathon is one of the greatest events in American running and, for that matter, all of American sports. Lawyers and law students have performed very well in it over the years, as we noted back in 2007.
Please keep the Boston marathon victims in your thoughts and prayers.
UPDATE (8:00 p.m.): At least 100 people have been injured, according to Boston.com.
Springfield, Massachusetts, is a city that’s home to the Basketball Hall of Fame, and my alma mater, Western New England University School of Law. I had the (dis)pleasure of living in Springfield for five years, and from earthquakes to tornadoes to purse snatchings, I thought that I had seen it all. Boy, was I wrong!
Apparently I escaped the slums of downtown Springfield just in time to avoid a stripper explosion (not an actual stripper explosion; that would be glittery and fabulous). No, as you may have heard over the holiday weekend, there was a massive natural gas explosion in Springfield that leveled a strip club, damaging numerous other buildings in the city’s entertainment district, about two blocks over from my old apartment.
At first, no one knew what could have caused the gas leak that triggered the blast, but now fingers are being pointed every which way. This may sound like a 1L Torts hypothetical, but who’s liable for the explosion?
Did the strippers grind so hard on the pole that they ignited a spark that set the blaze? Did the babies shrieking in the daycare center next door to the strip club (yes, seriously) inspire a childcare worker to light a match and burn that mother down?
Let’s get some insights from our readers on who will be held ultimately responsible for this calamity….
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
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: