* The Senate confirmed nine judges this week, the highest one-week total since the current session of Congress began. They even managed to confirm a “controversial” nominee. Congrats! [Legal Times]
* If you need a reason for your merger-product firm’s poor financial performance, don’t use the verein structure as a scapegoat. Maybe your firms weren’t profitable to begin. Burnnnnn. [The Economist]
* Skadden lawyers await the day they’re called upon to provide the NBA’s defense against a potential suit filed by Don Sterling. They’ll be ready, because Skadden’s the best brand in the world, yay! [Am Law Daily]
* A suspect is being held by police in the fatal hit-and-run of Judge Dean Pregerson’s son. He’s been charged with vehicular manslaughter, and is expected to be arraigned on Monday. [Los Angeles Times]
* Fifty-five schools are being investigated for alleged violations of federal law in the mishandling of sexual assault and harassment cases. One professional school is on the list. Sup Harvard Law? [Huffington Post]
I guess a 171 #LSAT isn’t #good #enough for #HarvardLaw … looks like a bunch of #sniveling #little #whiners had their #mommys and #daddys make #phonecalls and #write #checks…
– An unknown student who, I’m guessing, didn’t get into Harvard Law. He took to Instagram to blast the school in a message that can only be described as hashtag abuse. Seriously, hashtagging “write” and “checks” separately?
(If you were hoping this breathless stream-of-consciousness diatribe was longer, and filled with more inappropriate hashtags, then you’re in luck! A screencap of the Instagram photo is available after the #jump.)
* “Those who support limits see the court right now as the T. rex from ‘Jurassic Park.'” Folks are pretty worried even more campaign finance laws will fall thanks to the Supreme Court’s ruling in the McCutcheon v. FEC case. [New York Times]
* Skadden Arps and Simpson Thacher are at the top of their game when it comes to mergers and acquisitions. Both firms did very well in new deal rankings released by Bloomberg, Mergermarket, and Thomson Reuters. Nice. [Am Law Daily]
* Former Massachusetts senator Scott Brown has reportedly ditched Nixon Peabody to try his hand at a U.S. Senate run in New Hampshire. We hope he doesn’t lose his shirt again. Oh wait… [Boston Globe]
* As it turns out, the book in the Harvard Law library once believed to be bound in human skin is actually bound in sheepskin. Congrats, this is slightly less creepy. [Et Seq. / Harvard Law School Library Blog]
* Celebrity chef Nigella Lawson was turned away from a flight to the U.S. after her admission to coke usage in a trial. She should probably stop sticking her nose in other people’s business. [The Guardian]
Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Oliver Goodenough recaps Harvard’s workshop on Disruptive Innovation in the Market for Legal Services.
You know that something cutting edge is about to become accepted wisdom when Harvard has a symposium on it. The Program on the Legal Profession at the Harvard Law School held a top-level, day-long workshop on Disruptive Innovation in the Market for Legal Services. Speakers included Clay Christensen, Martha Minow, and Richard Suskind, visionaries in innovation theory, progressive legal education, and the legal practice of the future. Folks in attendance straddled law firm partners, start-up entrepreneurs, and legal academics. The meeting provided a punctuation point in our understanding of the great restructuring that is overwhelming law — we don’t necessarily know where it is headed, but denial that significant change is under way is no longer intellectually defensible.
* Spring break is here for many students, and I know what they’re all thinking: what are the tax implications? [TaxProf Blog]
* Man files suit because his adult son is addicted to video games. Well, with games like South Park: Stick of Truth coming out, who can blame him? [IT-Lex]
* Former Sandusky attorney under investigation for misappropriation of client funds. At least he’s only alleged to have showered himself with money. [The Patriot-News]
* Here’s a lesson in the value of knowing the law: DUI charges against a Chicago judge dismissed. Or maybe it’s more accurate to say, “the value of knowing the law needed to beat the rap after you’ve been arrested for totally forgetting the law.”[Checkpoints]
* Business development needs to be everyone’s responsibility in a law firm. Well, at the very least, it needs to be somebody’s responsibility. [The RelSci Web]
* Harvard Law professor seeks help writing regulations for the legalization of marijuana in Jamaica. Wait? It’s illegal in Jamaica? [HLS Administrative Updates]
* Speaking of Jay Edelson, his most recent high-profile case is a class action charging the now-defunct Mt. Gox — which stood for “The Magic: The Gathering Online Exchange” — with fraud in its loss of hundred of millions of dollars worth of Bitcoins. Hopefully he’s not getting a contingency in Bitcoin… because he could end up with about 20 cents for all his trouble. [PC World]
* The Legal Geeks have a podcast analyzing the legal issues involved in the recent Agents of SHIELD episode and podcast with Judge Matthew Sciarrino. [The Legal Geeks]
* Senator Ted Cruz continues discounting the value of a Harvard Law degree. This time on the subject of voting rights. [Election Law Blog]
For almost a decade, the National Law Journal has published a list of the best law schools to go to if you want to work in Biglaw after graduation. As we noted last year, “through the lens of this annual report, we can see some of the changes that have happened in a profession that’s been in transition ever since the Great Recession.” With the rise and fall of some of Biglaw’s largest firms, the hiring scene for would-be entry-level associates has ebbed and flowed.
The legal profession, while still in recovery, shows some signs of life in its sluggish attempts to return to its glory days. Each year, we hear news of marginal improvement in the job market, and we squeal with glee over single percentage point upticks. For example, in 2013, the percentage of law school graduates who landed associate jobs was up two points from where it was in 2012 — and this increase represents the highest hiring percentage since 2010. Hooray! Exciting news! Lawgasms for everyone!
Which law schools led the pack in this pseudo-revival of normalcy? Let’s find out….
I think we’ve all noticed how invested the legal academy is in telling us that they produce “practice ready” graduates. But there is scant research on what actually makes one “practice ready” versus “effectively useless.” Some law deans tell us that clinics and “experiential learning” are particularly important. But are they? Or is that just a nice line you can use to fleece prospective law students who don’t know any better?
A new Harvard study takes a look at what law school classes actually helped graduates once they got into Biglaw. I know, I know, every school outside of the top 20 is now screaming about how “there’s more than BIGLAW, stupid Elie.” But if there are schools that just want to ADMIT that they’re not preparing their students for Biglaw jobs that they’re never going to get, please feel free to ignore the lessons of this study. For everybody else who wants to pretend that their students have a reasonable chance at taking the jobs with the highest salaries, there’s some interesting stuff here…
Texas state senator and gubernatorial hopeful Wendy Davis has been on the defensive recently, ever since a Dallas Morning News piece documented inconsistencies between the story of personal struggle Davis has been using to promote herself in her campaign and . . . well, the facts.
Wendy Davis has since admitted that her campaign’s story included errors and misleading spin. She said in an interview, “My language should have been tighter. I’m learning about using broader, looser language. I need to be more focused on the detail.” (Just what we all want: the leader of the second most populous state in the union who admits she struggles with attention to details, starting with those of her own life.)
Davis supporters argue that Wendy’s political ambitions and personal life get judged by a double standard because she’s a woman. They claim male politicians don’t face this high scrutiny and that her critics reveal their misogyny by subjecting her to higher standards.
Of course, that’s a canny political pivot: make criticism work to your advantage by redirecting the negativity back to the critics themselves. What about the underlying question, though? Is Wendy Davis subject to a double standard because she’s a woman?
Bradley Cooper: a very handsome man, but sadly not a lawyer.
Seemingly random small-firm lawyers from Alabama weren’t the only legal types in attendance at the White House State Dinner on Tuesday evening. Indeed, as we’ve previously noted, numerous legal celebrities attended the festivities as well.
Sure, there were some “celebrity celebrities” at 1600 Pennsylvania Avenue that night. The guest list included such boldface names as J.J. Abrams, Stephen Colbert, Bradley Cooper, Mindy Kaling, and Julia Louis-Dreyfus.
But who cares about Hollywood? Above the Law readers are more interested in the government lawyers, federal judges, Biglaw partners and law professors who attended this major social event….
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: