* Biglaw’s billing bonanza: at least 12 firms are advising on the multi-billion dollar deals going on between Microsoft / Nokia and Verizon / Vodafone, and Simpson Thacher landed a seat on both. [Am Law Daily (sub. req.)]
* Standard & Poor’s is now accusing the Department of Justice of filing its $5 billion fraud lawsuit in retaliation for downgrading the country’s credit rating. Aww, we liked the “mere puffery” defense much better. [Reuters]
* The new ABA prez doesn’t think Obama meant what he said about two-year law degrees. He thinks it’s about cost. Gee, the ABA should probably do something about that. [National Law Journal (sub. req.)]
* Meanwhile, New York Law School wants to condense its offerings into a two-year honors program that comes complete with a $50,000 scholarship. Sweet deal if you can get it, but it sounds like most people won’t. [Crain's New York Business]
* Stewart Schwab, the dean of Cornell Law School, will be stepping down at the end of the academic year. The search for someone new to oversee the filming of amateur porn in the library is on. [Cornell Daily Sun]
* Crisis? What crisis? Nothing is f**ked here, dude. Amid plummeting applications, GW Law increased the size of its entering class by about 22 percent. The more lawyers, the better, right? /sarcasm [GW Hatchet]
* Jacked up! Attorneys for NFL player Aaron Hernandez got a stay in the civil suit accusing the athlete of shooting a man in the face until after the athlete’s murder charges have been worked out. [USA Today]
* GW Law professor John Banzhaf is calling upon the D.C. City Council to bar local broadcasters from using the term “Redskins.” Two decades after the real emergence of “political correctness,” the “Redskins” name has held out against that all-out assault almost as long as the actual Native American society did against Phil Sheridan. [Huffington Post]
* People are still talking about the Yahoo!/Tumblr deal, but the most important deal for the legal profession has slid under the radar. Seamless and GrubHub are merging to make all your “3 a.m. and still haven’t had dinner at the office” dreams come true. [Wall Street Journal]
* Vivia Chen of The Careerist got some flack for suggesting that women taking their husbands’ names was a regressive trend. In (tongue-in-cheek) fairness, here are the good reasons to take your husband’s name. Example: “When you’ve been indicted or convicted.” [The Careerist]
* U. Chicago Law scheduled finals during Memorial Day weekend… while Chicago is closing Lake Shore Drive and cutting back on public transit. UChiLawGo responds. [UChiLawGo]
* A gospel singer is suing McDonald’s because she lost her voice. Normally I’d make fun of this, but she sounds like she has a good argument. [The Inquisitr]
* Elie explains why the racist, nasty comments we receive don’t faze us at all. [Paidcontent.org]
* Well this is a novel use of fundraising: Speculation that Tim Lambesis (who we covered yesterday) used crowdfunding for a new Austrian Death Machine Schwarzenegger tribute album as the down payment on a hitman to murder his wife. Maybe this new album was going to have a Total Recall theme? [Metal Sucks]
* Stephen Colbert sits down with Caplin & Drysdale’s Trevor Potter to discuss the fact that Colbert’s SuperPAC has never been approved by the IRS. Video after the jump…
In our last story asking you to advise a law school applicant, the 0L in question was choosing between UVA, Northwestern, and Minnesota, which offered him scholarships of different sizes. You voted in favor of Northwestern, which offered him a generous scholarship, and he took your advice.
Today we bring you a doubleheader. Our first candidate wants to know whether she should go to law school at all, given the options she faces. Our second candidate is choosing between two excellent law schools, but with different price points….
It seems like law professors are constantly trying to trip up students during their Socratic torture sessions, and students have little choice but to sit back and take it. But as soon as a law professor trips, she runs to the courthouse to sue about it.
Somewhat reminiscent of the late Judge Robert Bork’s slip-and-fall at the Yale Club of New York City, apparently speaking on a lecture platform is a little too much work for professors, especially if the platform is “unreasonably small in width and depth.” It seems that even the most prominent of professors can fall prey to a simple lack of coordination.
Law school deans seem incredibly powerful. They seem like they have the power to reshape their law schools in their own ways. They seem like they’re in charge.
In reality, law deans spend much more time begging than ordering. They’re asking their university presidents to keep more of the revenue their schools generate. They’re trying to cajole tenured faculty who can’t be fired. They’re sniveling on bended knee to rich and powerful alumni. And if their law school drops in the U.S. News law school rankings, they’re likely to be discarded and replaced by somebody with a “new vision” for the law school.
I’m not crying for law school deans. They make an obscene amount of money, yet they’re not directly accountable to the students who fund their salary.
But they have a tough job. And when they don’t have the support of the faculty, they can wake up to find a big knife sticking in their back — a knife labeled “faculty lounge.”
This one law dean found that out the hard way, though he continues to deny that his law faculty essentially led a successful coup d’état….
When it comes to all-important law school rankings, law schools follow the juvenile, Cosmo-esque dating advice of pretending they don’t care while secretly making every decision, consciously or unconsciously, with an eye toward maximizing their appeal.
And that’s not the worst thing in the world. The rankings are there because we generally agree that they measure stuff we want law schools to maximize. But if the rankings counted, say, “employment X months after graduation,” in a down market, the urge for law schools to manipulate that figure is on par with scoring another heroin fix.
Even if it means hiring the students directly to boost the numbers. Schools around the country have been doing this for quite some time.
At one prominent law school, the number of students in school-funded jobs is climbing. Is this a sign that the job market for recent law school graduates has yet to bottom out?
* As President Barack Obama’s position on gay marriage continues to “evolve,” we’re left wondering what exactly Solicitor General Donald Verrilli will say come Supreme Court oral arguments showtime in late March. [New York Times]
* “This is a chilling document.” The moment you’ve been waiting for has arrived: the DOJ memo about the Obama administration’s most secretive and controversial policy, the legal justification of drone strikes against American citizens, was leaked. [NBC News]
* In the litigation blame game, the Department of Justice has a lawsuit cooking against Standard & Poor’s, the supposed “key enablers of the financial meltdown,” over the agency’s mortgage bond ratings. [Reuters]
* Many pieces from Dewey & LeBoeuf’s massive art collection were auctioned off on Friday for $528,120. The failed firm’s creditors must be chomping at the bit as they wait to receive the proceeds. [Blog of Legal Times]
* Apologies to those with disabilities in California, but this ruling has given the Law School Admissions Council free reign to continue to flag your applications if you got extra time on the LSAT. [National Law Journal]
* GW Law School is adding a new question to its application to gauge the LGBT status its applicants. Not sure how this will affect cratering applications, but drink more of the Kool Aid if it makes you feel better. [GW Hatchet]
* Here’s some sage advice from our managing editor: “If you’re not okay with working for free, don’t take the internship.” Or, in the alternative, you can sue, and win a fat settlement check. [International Business Times]
* Change may be coming soon in light of the Newtown shooting, but any talk about new federal restrictions on guns will hinge on the Supreme Court’s interpretation of the Second Amendment through the lens of the Heller case. [National Law Journal]
* Joel Sanders and the Steves are facing yet another “frivolous” lawsuit over their alleged misconduct while at the helm of the sinking S.S. Dewey, but this time in a multi-million dollar case filed by Aviva Life and Annuity over a 2010 bond offering. [Am Law Daily]
* Income-based repayment is a bastion of hope for law school graduates drowning in student loan debt, but when the tax man commeth, and he will, you’ll quickly find out that the IRS doesn’t have IBR. [New York Times]
* Is the premise of graduating with “zero debt” from a law school that hasn’t been accredited by the ABA something that you should actually consider? Sure, if you don’t mind zero jobs. [U.S. News and World Report]
* Daniel Inouye, Hawaii’s Senate representative for five decades and a GW Law School graduate, RIP. [CNN]
I must confess to having a tin ear when it comes to issues of race. My view on racial issues is like my view on sports: What’s the big deal? Why does everyone care so much?
Perhaps it’s because I’m Asian; we tend to be bystanders as African-Americans and whites yell at each other. Perhaps it’s because I’m Filipino-American; we are total mutts a very hybrid people. Not to go all Fauxcahontas on you, but according to my (not genealogically verified) family lore, I have Malay, Chinese, Spanish, British, and Czech ancestry.
And thanks to the rise of intermarriage in the United States, my kind of ethnic hybridity is the wave of the future. In fifty or 100 or 150 years, more people will have my blasé attitude about race because “race” as a concept will be so much less salient. To tweak the famous words of Chief Justice John Roberts, “The way to stop discrimination on the basis of race is to intermarry so much so that nobody knows what race anybody else is.”
In the meantime, though, there’s plenty of racial tension to go around. Today we bring you allegations of racism at a law school, countered by allegations of playing the race card (i.e., crying racism in bad faith or without sufficient proof).
Let’s take a look at the latest heated controversy, taking place at a top law school….
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: