Out west, we’re in the middle of a gold rush. Programmers, marketers, and young business school grads are flocking to the Bay Area all with big dreams of striking start-up gold.
If you wander down Market Street, you’ll hear people mumbling a mantra: “Internet business. Internet business. Internet business.” Or perhaps, “Please let Google buy me. Please let Google buy me.”
Lawyers don’t usually play too much into this equation, except for the unfortunate in-house counsel tasked with explaining to a start-up’s management why playing beer pong in the conference room during work hours may be an unwise decision.
Or are attorneys much more relevant here than the layman might realize? Yesterday, the New York Times profiled a storied Biglaw firm that’s playing quite a part in the current techbubble boom. It’s not this firm’s first time at the rodeo, but other firms smell dollars in the air, too, and there’s a battle brewing over who will represent the next Google, Facebook, what have you.
After what feels like years of schools trying to regulate every aspect of children’s social media lives, it looks as though we may have finally hit a threshold. There may actually be an electronic bridge that schools cannot cross in their attempts to spy on educate underage students.
In a particularly egregious case, a Minnesota federal court handed down a ruling that protects off-campus speech and prohibits schools from forcing students to hand over private login information. The ruling will hopefully put the kibosh on a practice that never should have been acceptable to begin with…
Standing trial for allegedly stabbing your significant other to death is not where anyone wants to be. Being unable to afford your own atttorney adds a whole new layer of stress to the whole “on trial for murder” issue. Now, add to the mix a public defender who takes a photo of the underwear your family brought you to wear during trial and posts it to Facebook.
* Little known fact of the day: the late comedienne Phyllis Diller apparently had a storybook romance with Paul Hastings name partner, Robert Hastings. She once said that her longtime Biglaw beau was the “love of [her] life.” [Am Law Daily]
* The Federal Trade Commission has closed its antitrust review of Facebook’s proposed Instagram purchase, clearing the way for the social networking site’s users to post grainy pictures to their hearts’ content. [Bloomberg]
* A former Vancouver lawyer serving a 15-year sentence for money laundering claims that one of the Mounties who investigated his case played a game of “hide the Canadian bacon” with Judge Ursula Ungaro. [Province]
* A judge who resigned in April has been retroactively removed from office for admitting to having sexual contact with his five-year-old niece. He presided over family court matters. Figures. [New York Law Journal]
* Which accomplishments and activities should you leave off your résumé? A) law review editor in chief; B) second in the class; C) 4.05 GPA; D) nonprofit executive director; E) child porn aficionado. [Willamette Week]
* Stabbing your lawyer is so last season. Another criminal defendant reportedly attacked his defense attorney in court, but this time chose to whack his own counsel in the head with his handcuffed hand. [Boston Globe]
If you use Facebook, you’ve probably noticed the sponsored stories that periodically pop up within the site. These (IMHO annoying) ads are an important part of Facebook’s revenue strategy. But recently, the company got sued over the stories, for allegedly violating the law by publicizing — but not paying — users who “like” certain advertisers, and not providing a way to opt out of the program. A settlement plan was recently announced. But uh oh, the federal judge handling the case rejected the settlement on Friday. Why?
Maybe something to do with the plaintiffs attorneys getting $10 million, the actual plaintiffs getting nothing, and an overall sense that left the judge wondering if the terms were “merely plucked from thin air”….
Last time we checked in with Paul Ceglia — the Man Who Would Be King of Facebook — and his lawsuit claiming partial ownership of the social media giant, he was facing sanctions if he refused to provide Facebook with a very touchy document known as the Kasowitz letter.
Well, the production deadline has come and gone, and there’s no letter. You know what that means. All aboarrrd! Next stop, Benchslap City…
* Global agribusiness group Monsanto Co was awarded $1 billion in a patent infringement case against DuPont for improperly duplicating some kind of crazy seed technology. [New York Times]
* For particularly thick-headed employers who don’t understand it’s a bad idea to ask employees for Facebook passwords, now Illinois will fine them $200 for doing so. [Chicago Tribune]
* A federal judge in Washington sanctioned well-known plaintiff’s attorney Joy Ann Bull for filing grossly inflated fee statements. She was consequently asked to resign her partnership at Robbins Geller Rudman & Dowd. Welcome to the breadline! [LegalNewsline]
* Should a trial judge who is a Brooklyn Law grad recuse himself from a case against Brooklyn Law filed by Brooklyn Law alumni? Meh… [National Law Journal]
* As Ralph Baxter nears retirement, who will be chosen to lead Orrick, Herrington & Sutcliffe? [Am Law Daily]
* The Ninth Circuit already issued an injunction against Arizona’s new late-term abortion ban. Like they say, it’s all about shakin’ hands and killing kissin’ babies. [Thomson Reuters News & Insight]
* The psychiatrist James Holmes was seeing at the University of Colorado was so alarmed by his behavior sometime before his alleged shooting spree that she notified the school’s “threat assessment team,” but apparently nothing was done. Looks like someone missed the assessment boat, by like, and ocean or two. [Denver Post]
* In the Apple-Samsung trial yesterday, Apple’s attorneys accused Samsung of intentionally copying the iPhone. Samsung’s attorney was like, Bro, step off. And then Judge Lucy Koh and all the members of the gallery and the jury crowded around in a circle and started yelling Techno-fight! Techno fight! [Wall Street Journal]
* Matthew Kluger, formerly of Wilson Sonsini and more recently convicted and sentenced to 12 years in prison for insider trading, gives an interview about what motivated him to commit his crimes. [Bloomberg]
* France is not happy that Google did not delete all its Street View information from the country after it promised to. Shockingly, some parts of the world apparently still value data privacy. How quaint! [New York Times]
* Former Perkins Coie partner Harold DeGraff must arbitrate his compensation battle with his former law firm. But the process will not have to be kept confidential. [Thomson Reuters]
* I’m pretty sure at this point the DOJ is just consulting a Ouija board in its increasingly feeble attempts to prosecute Megaupload. [Wired /Threat Level]
* UBS is not happy that it lost $356 million on the Facebook IPO. Now it’s suing NASDAQ over the snafu. [CNNMoney]
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
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.