High-Frequency Trading (HFT)
* David Letterman and CBS got smacked with the latest internship class action. To think, poor Paul Shaffer’s been working for free all those years. [Deadline]
* Class action could be on the horizon over high-frequency trading. [Wall Street Journal]
* Frankly, I don’t know what the problem is. [Washington Post]
* You may have been following the story of Justice Ginsburg’s officiating a wedding in New York this weekend. Well, if so, here’s the Times write-up. [New York Times]
* The federal courts are looking at tightening the word limits on appellate briefs. How do you feel about this move? I’m with the author that “The number of cases where attorneys think they need a word extension is greater than the number of cases that actually warrant one.” [New Mexico Appellate Law Blog]
* Scott Brown, formerly of both Massachusetts and the Senate, is threatening to sue Harvard’s Larry Lessig after Lessig labeled the Nixon Peabody “advisor on governmental affairs” a “lobbyist.” Lessig asks if the campaign preferred he write the more technical, “sold his influence to a DC lobbying firm.” Ha. [Time]
* Fordham professor Susan Scafidi, founder of the Fashion Law Institute and designer Narciso Rodriguez make the case for strong legal protection for fashion designs. [Room for Debate / New York Times]
* On Friday, Keith Lee wrote about a lawyer who billed a client for sanctions. We’ve written before about lawyers billing for the time spent boning their clients. A law professor who teaches professional responsibility asks: “Is billing for sanctions better or worse than billing for sex. I say sanctions. Can we have a survey on this?” Of course you can. Poll after the jump….
* Apparently Hogwarts has opened up a law school. Protip: Slytherin kids make the best lawyers. [Legal Cheek]
* Judge Ana Gardiner was disbarred for texting the prosecutor while presiding over a murder trial. It’s good to see Broward County take back the spotlight of crazy from Brevard County. [Daily Business Review]
* Don’t dress as an animal at a zoo unless you want to get shot. [Seattle Post-Intelligencer]
* Remember the Seinfeld episode where Uncle Leo thinks every bad break is the result of anti-Semitism? Meet Uncle Leo the Lawyer. [Las Vegas Review-Journal]
* What does your hair mean for your career? [Corporette]
* Skadden Arps says there’s no such thing as “clandestine contracts” with high-frequency traders. They probably wanted to check with their clients before making that claim… [Wall Street on Parade]
* Elizabeth Wurtzel wants to have babies. Woe to the Republic. [Time]
* We are entering the Age of Narcissism. [What About Clients]
* We’ve discussed the troubling statistics showing that black people are by and large shut out of career advancement in Biglaw. Aric Press, editor-in-chief at ALM, discusses the study with Lee Pacchia below…. [Mimesis Law]
With its critical impact on the world economy and global trade, privacy legislation in Asia has been extremely active in the last several years. A recently released report, Privacy Laws in Asia, written by Cynthia Rich of Morrison & Foerster LLP for Bloomberg BNA, analyzes commonalities and differences in the privacy and data security requirements in countries including Australia, India, Hong Kong and more.
This report gives you at-a-glance access to a side-by-side chart comparing four key compliance areas, a country-by-country review of the differences and special characteristics in the law, and explanations of the common elements of the privacy laws in 11 jurisdictions.
What questionable business practice will lead to tomorrow’s doc review boom?
The SEC is probing Netflix for posting company milestones on Facebook. Calling Facebook a non-public forum sounds crazy, it’s just one more instance of the SEC failing to grasp modern technology.