As we mentioned earlier today, we’ll be operating normally here at Above the Law, notwithstanding Hurricane Sandy. Our physical offices, at the corner of Broadway and Houston in Manhattan, are closed. But your four editors — Elie, Staci, Chris, and myself — will be working diligently from our homes to keep you informed and entertained during Frankenstorm.
It seems that we won’t be alone in telecommuting today. Encouraging (or even ordering) employees to stay home, but suggesting that they work remotely if they can, seems to be a common response to the storm.
Here is information — including many UPDATES — about how various courts, government offices, law firms, and law schools are responding to Hurricane Sandy….
I didn’t mean to interrupt, you were saying something about ‘clean’ coal?
Hurricane Sandy — a.k.a. “Frankenstorm”, because it’s greater than the sum of its parts (and there’s the suggestion that storms like this are growing bigger and stronger because of man messing around with forces he doesn’t fully understand) — is coming. It’s basically a hurricane that’s merging with a Nor’easter that will make it rain, and not in the fun way. The federal government is closed. The New York Stock Exchange is closed. The McDonald’s next to my apartment is closed — Sandy has already cost me a bacon, egg, and cheese biscuit.
Don’t worry about me, I’ve got a three-day supply of alcohol and hot pockets. Hopefully you are all similarly prepared for 36 hours of sustained hype wind and rain. Size does matter with Sandy (if “Sandy” sounds a bit mundane, know that the next one will be “Tony”). We might not get a lot of CGI worthy images out of this storm, but the length of this storm could cause a lot of damage.
One thing that is still open: the Supreme Court of the United States. Yes, because the nation might be able to survive without mass transit or the stock exchange, but old men don’t take a day off from sitting in judgment. Reuters reports that the Court prides itself on working when everybody else takes shelter from a storm: “In 1996, when a major snowstorm closed the federal government and brought Washington, D.C., to a near standstill, court arguments went on. Then-Chief Justice William Rehnquist, a Wisconsin native undeterred by snow and ruled by a strong sense of punctuality, made sure business that January 8 began on schedule.”
UPDATE (12:00 PM): According to SCOTUSblog (based on a press release from the Court), the Court has now cancelled arguments for Tuesday. So, the case of Sandy v. SCOTUS has been decided 9-0 in favor of the people who might have had to put their lives at risk to cover the proceedings.
Let’s look at some of the other things in and around the legal world that are still open along the Eastern seaboard….
At least Casey Anthony knows her new venue motion is laughable.
* Hurricane Sandy is set to arrive today, so batten down the hatches, folks! Everything’s closing down for the storm, but please feel free to email us, if your law school or law firm is encouraging you to work. [Washington Post]
* Thanks to the SCOTUS decision in Citizens United, companies can now recommend how their employees should vote, which is “no different from telling your children: ‘Eat your spinach. It’s good for you.’” [New York Times]
* Biglaw firms are re-negotiating their office space leases in an effort to save money. While some firms have already sealed their new real estate deals, others are still on the prowl — but which ones? [Am Law Daily]
* The University of St. Thomas School of Law has a new dean, and it certainly seems like he’s willing to make some waves to help his students. The first step for Robert Vischer? Reducing tuition. [National Law Journal]
* “I don’t think her popularity has improved since the [murder] verdict.” That’s probably why Casey Anthony’s lawyers are desperately trying to get a new venue for Zenaida Gonzalez’s defamation case. [Orlando Sentinel]
* A man divorced his formerly fugly wife (she had $100K in plastic surgery to correct her looks), sued her for luring him into marriage her under false pretenses, and won. Don’t worry, girls, this happened in China. [FOX]
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
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: