Back in July, we told you about Howard Levitt, a Canadian lawyer who was so eager to zealously advocate for his client that he abandoned his Ferrari in quickly rising floodwaters to get to a hearing on time. Levitt ultimately won the motion hearing, but wondered if he would lose his car. According to Levitt, prior to being filled to the brim with raw sewage in the flood, the car was valued somewhere “north of $200,000.”
In the end, Levitt’s luxury Italian sports car was deemed a total loss, but his insurance company was kind enough to cover the whole thing. But what of the poor lawyer who gave up a dream car to assist a client in need? Sure, he got some additional clients and new-found fame out of his press coverage — but would he be able to buy a new Ferrari, or would be be relegated to driving his “back up car,” a Dodge Viper?
Our readers will be able to take some joy in today’s news update, because the good people at Ferrari were able to turn this crappy situation into a car enthusiast’s wet dream…
There are lawyers who are eager to advocate for their clients, and then there are lawyers who are so overzealously eager to advocate for their clients that they’re willing to do just about anything to win a case. Some of those that fall into the latter group are a**holes, but others are just plain awesome.
The guy we’re writing about today is a rock star of epic proportions. Who the hell leaves a Ferrari to be destroyed in quickly rising floodwaters to get a hearing?
A guy who shrugs it off and says he’ll get another one…
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: