Titles really differ from company to company, and Susan Moon is here to give you the ABCs of GCs.
We’ve all heard how dysfunctional entry-level legal recruiting is: Inordinate expense, decisions made on the briefest of subjective impressions with opacity all around, and what do firms reap for all their efforts? Shocking attrition rates among junior associates. It’s time for a conference on what could work better, and this is it.
Thanks to some expert stalking, we now know that some of Facebook’s first members became lawyers. Let’s invade their privacy and find out about them!
Why does it rule to be the general counsel? In-house columnist Susan Moon counts the ways…
* Is this contract for sex based on Facebook likes enforceable? [Gawker]
* Speaking of unenforceable contracts, what in the hell does Bilbo sign before his unexpectedly long journey? [Wired]
* And Jesus, you certainly can’t barter legal services for sex! I think everybody needs to go home and read the Second Restatement. [Indianapolis Star]
* Now you can hear for yourself the three words that Clarence Thomas spoke. It’s at the 41 minute mark. [The Supreme Court]
* Ms. JD is offering lawyers and law students the chance to submit questions to ABA President Laurel Bellows that will be answered at an event on January 31 (with viewing parties around the country). [Ms. JD]
* How to answer a question when an interviewer asks you something that you don’t have to answer. [Lawyers.com]
* Litigation can be a good excuse to get your client to do things they should have been doing all along. [What About Clients?]
* North Carolina dean claims she was forced to underreport sexual assaults at the college. When reached for comment, the Duke Lacrosse team said, “We kind of have the opposite problem.” [Salon]
A member of the ATL Career Center’s team of expert contributors offers some practical advice for associates considering careers as in-house counsel.
* NALP is becoming the harbinger of doom for law practice. Here’s some cheerful news: the percentage of female associates in Biglaw dropped for the third year in a row. Perhaps they’re going the way of the Clifford Chance mommy. [National Law Journal]
* Biglaw hotties are coming to a continent near you! Davis Polk & Wardell will be adding a litigation practice to its existing shop in Hong Kong, and they managed to poach two big name Clifford Chance litigators in the process. [DealBook / New York Times]
* According to the ACC, in 2012, base salaries for general counsel rose 1.9 percent, while cash bonuses dropped 7.9 percent. But really, who’s going to complain about a six-figure bonus? [Corporate Counsel]
* A Delaware jury ruled that Apple infringed on several patents in a mobile-device technologies case filed by MobileMedia Ideas. Somewhere, Samsung’s bigwigs are laughing their asses off. [WSJ Law Blog (sub. req.)]
* A woman was arrested in Spain for trying to smuggle in cocaine from Colombia. Seems pretty standard, except for the fact that she was hiding the coke in brand new breast implants — three pounds of it! [CNN]
* In case you missed this yesterday during the Cravath bonus-mania-palooza, David Kappos, the director of the United States Patent and Trademark Office, announced that he’d be stepping down from his position in January 2013. [Blog of Legal Times]
* And speaking of bonuses, somebody’s not probably getting one this year, because here come the lawsuits: Hewlett-Packard just got slapped with a securities class action suit as a result of the company’s allegedly fraudulent Autonomy acquisition. [Reuters]
* Will Penn State’s former general counsel be able to testify against Gary Schultz and Tim Curley in post-Sandusky criminal proceedings? Considering she’s “a key witness,” she better be. [Corporate Counsel]
* Of course Vermont Law School is considering offering voluntary staff buyouts, the school has a freakin’ $3.3M budget shortfall. In other news, they’ll be upping LL.M. programs to make up the cash. [National Law Journal]
* Paul Ceglia, the man who claims he owns half of Facebook, has been indicted on federal wire and mail fraud charges. He’ll appear in court this Wednesday, but who knows if he’ll have a lawyer by then. [Bloomberg]
* Jay Jaffe, law firm public relations pioneer, RIP. [PRWeek]
Are you a junior to mid-level corporate/finance associate who has been contemplating a move to (or within) Washington, DC? In response to increased deal activity requiring “NY (or like-kind) trained” corporate associates, the Washington, DC corporate/finance market is experiencing an unusually high demand for your skills. Read more, and check out www.g-s.com.
Good publicity is nice, and so are quantifiable goals for in-house lawyers. But what does a corporation need from its law department at a more mundane level?
How much do general counsel earn these days? A LOT!
* This seems like a high profile time to be named general counsel of the Red Cross. [Corporate Counsel]
* JPMorgan sues whale. [Bloombereg Businessweek]
* I cannot wait for the lawsuit this T-shirt cannon inspires. [Yahoo Sports]
* A dog day at the Supreme Court. [National Law Journal]
* The pledge of allegiance is under attack. Well, not the pledge exactly, they’re just going after God. [Boston Globe]
* You know, I get that the people without power are feeling like they’re in a episode of Revolution right now, but Manhattan has ALWAYS been two cities: the haves and the people we haves step over on our way to having more. I feel bad for people living in Lower Manhattan who have been without their muffin cart for a couple of days… but not as bad as I feel for the poor schlep who will drag the muffin cart around for 12 hours a day every day until death. [Time]
American Bar Association / ABA, Bankruptcy, Biglaw, Books, Copyright, Dewey & LeBoeuf, Education / Schools, Edwards Wildman, Federal Judges, General Counsel, Google / Search Engines, Morning Docket, Partner Issues, State Judges, State Judges Are Clowns, Texas
* Dewey know when Judge Martin Glenn will issue his ruling on the failed firm’s proposed partner contribution plan? If all goes according to plan, we can expect to learn if the PCP’s been approved or rejected as early as next week. [Am Law Daily]
* Hot on the heels of Google’s digital-book settlement, the company announced that it would be appealing its copyright infringement jury verdict in the Oracle trial. One thing’s for sure: Judge Alsup will be angered terribly by this. [Bloomberg]
* David Askew, formerly the director of Edwards Wildman’s pro bono program, will now lead the National Association of Minority and Women Owned Law Firms as CEO and general counsel. [Corporate Counsel]
* The American Bar Association submitted an amicus brief in support of using race as a factor in college admissions, because diversity in college education is a must for diversity in law schools, duh. [ABA Journal]
* Remember the family law judge who got caught beating his daughter in a video that went viral? Now he wants the Texas Supreme Court to reinstate him, over his ex-wife’s objections. Good luck with that. [CNN]
* “This case has nothing to do with the United States.” We’d normally let that slide because of this law from 1789, but now the Supreme Court is suddenly skeptical about the validity of the Alien Tort Claims Act. [Reuters]
* “Why are we being punished for Dewey & LeBoeuf?” Come to think of it, former employees at the failed firm are probably wondering the exact same thing as the fictional characters on “The Good Wife.” [WSJ Law Blog]
* Reduce, reuse, and recycle your claims? New York Attorney General Eric Schneiderman filed suit against JPMorgan, alleging that the bank’s Bear Sterns business defrauded mortgage-bond investors. [Bloomberg]
* A man of many firsts: Randall Eng, the first Asian judge in the state, was appointed to lead New York’s Second Department as presiding justice, the first Asian-American to serve in the position. [New York Law Journal]
* UC Irvine Law is planning a six-week summer camp for in-house counsel. They’re calling it the Center for Corporate Law, but Mark Herrmann’s “General Counsel University” has a nicer ring to it. [National Law Journal]
* Why shouldn’t you get a dual JD/MBA? Because hiding out in school for another year isn’t going to save you from all of the extra debt you’ve incurred earning yet another degree. [Law Admissions Lowdown / U.S. News]