* Nepal had actual regulations regarding Yeti killing. When will America join the international community and enact strict protections for Sasquatch? [Lowering the Bar]
* A state bar association is actively discouraging students from going to law school. Which is odd, since the state in question has a top five law school… according to National Jurist. [Associate's Mind]
* A clever Civ Pro class used the system against Howard Wasserman to get an extension on their assignment. I respect Wasserman for crediting the students’ ingenuity, but it would have been a better life lesson if he’d impleaded the Dean for forcing him to have grades in early. Or at least ding the students with a Rule 11 claim. [PrawfsBlawg]
* Inmate forgotten for 22 months in solitary confinement wins $15.5 million reward. Hopefully he’ll be ready in time to protect us from that bioweapon attack from Alcatraz. [CNN]
* In honor of International Women’s Day, enjoy an interview of Justice Ruth Bader Ginsburg. [The New Yorker]
* To follow up on an old story, law grad/convicted sex criminal Chris Dumler is reporting to jail today. [WVIR]
* The Conclave is now set for Tuesday. Place your bets on the new pontiff now! [CNN]
* Ben Weiss suggests that the third year of law school be replaced by special certifications in practice areas. He calls these “O’Wendells.” I like the idea, but the name sounds dirty. If he really wants to keep with the SCOTUS theme, he could just call it a “Bushrod.” [St. Louis Post-Dispatch]
* A guide to the legal landscape surrounding high-frequency trading (the new fad of super-fast, computer-driven trading algorithms swapping stocks in split-seconds). Good, because I like my trading like I like my women: capable of collapsing economic markets at any given notice. [New York Law Journal]
* In fairness to this judge accused of “inappropriate conduct” with an inmate, the Miami Correctional Facility is considered the most romantic correctional facility in America. [RTV6 ABC]
* Man suing a church and some of its staff after being invited to a service and then allegedly being accused of demonic possession and beaten. In fairness to the church, if the man was really the devil, filing a lawsuit is the most logical means of revenge he could employ. [Legal Juice]
* Lady Kaga issues her first single: a ruling against a Chapter 13 debtor, in favor of his credit card issuer, affirming the Ninth Circuit by a vote of 8-1. The lone dissenter: Justice Scalia. Weird, huh? [WSJ Law Blog; ABA Journal]
* How do you prosecute a deaf, mute, illiterate man? Please, please, please let the answer include pinball. [WSJ Law Blog]
* Should law school final exams use made-up hypotheticals or real-life cases? Professor Howard Wasserman assesses pros and cons. [PrawfsBlawg]
* Illinois State Senate takes a syringe stab at repealing the death penalty. [Reuters]
* Guns used to shoot off penises > Guns used to shoot at attackers. [Gawker]
* Congratulations to the 13 new partners at Bingham McCutchen. [Bingham]
* Lateral Link is teaming up with Frank Kimball, the former McDermott Will hiring partner who founded Kimball Professional Management, to focus on partner placements. (Disclosure: Lateral Link is an ATL advertiser.) [Am Law Daily; Lateral Link (press release)]
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: email@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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