On any list of “scum of the Earth,” people who profiteer off of disaster victims have to make the list. Jesus, it’d be worth Hell existing just so there would be a place for people who take advantage of disasters to loot electronics or valuables (food, if you’re hungry and nobody is home, is fair game I guess). I think there are reasonable people on both sides of the New York City marathon debate, but the thought of any police not stopping a looter to deal with the marathon makes me think they should cancel this year’s event.
Of course, looters aren’t the only kinds of criminals trying to take advantage of the hurricane. The Department of Justice is warning people to be on the lookout for Sandy scams…
We’ve previously discussed how Mid-Atlantic law schools are having to shuffle their class schedules because of Hurricane Sandy.
Cancelling classes is the easy part. It’s not clear that current students are even capable of taking notes in class without power.
But classes cancelled this week need to be made up next week. Not because the extra teaching is all that crucial, but because the ABA and various state bars mandate a certain number of classroom hours for law students. It’s regulation at its worst: they can’t directly measure what matters (are kids getting a quality education), so they mandate an arbitrary figure that at best means nothing.
At worst, it forces schools to jump through hoops to meet the requirements even during times of hardship. At Rutgers Law-Newark, they’re looking to have finals right up until the holidays. At NYU Law, their best solution is just to make classes excruciatingly long to make up the hours…
Well, isn’t this a nice surprise! The results of the July 2012 administration of the New York bar exam have been released — ahead of schedule, as it turns out. And this time it appears to be an intentional rather than accidental release.
The New York State Board of Law Examiners previously stated that it would announce the results tomorrow, Friday, November 2. But NY BOLE went ahead and made results available to applicants tonight, at around 10 p.m. or so.
Keep reading, for a link to the results page and commentary from Above the Law readers….
Let’s not play around this year. Let’s not play the cute little game of waiting for Cravath to set the bonus market and then waiting for everybody to inevitably follow Cravath. Let’s not wait for a few outliers to “beat” Cravath while Cravath thinks about maybe doing spring bonuses.
Lower Manhattan is trying to dry off. New Jersey seemingly washed away. If Biglaw wants to help its own people, it’ll get money into their hands as quickly as possible. That’s what will help people in the Tri-State area recover as they clean up from the storm. Biglaw firms should announce (and pay) their bonuses, as soon as possible, so their associates can have some income certainty (and extra income) as they recover.
And Biglaw should end the miserly, recession-era trend of cutting or canceling staff bonuses. This year all the secretaries and paralegals who are being asked to come in and work under unreasonable circumstances should share in the massive profits generated by their firms.
Let’s not mess around. Get the bonuses, whatever they’re going to be, into the hands of the people who have earned them, so they can more easily manage their own personal disasters…
Based here in New York, I’ve spent the last several days watching the news while drinking copious amounts of whisky (klassy hurricane tip: pour the whisky directly into the can of coke — it saves washing a glass later if you’re worried about losing water!). The stream of images showing devastated areas is truly horrifying.
Thankfully my bunker of an apartment survived unscathed, but that did not excuse me from my own share of post-traumatic stress. But in my case it was seeing a number of lawyers-turned-politicians parading across the news channels displaying their own law firm certified brand of crisis management and triggering flashbacks to my years in private practice.
When we suffer the zombie apocalypse (which could happen as early as next Tuesday) or any other movie-level disaster, if we continue to place executive power in the hands of lawyers, we’re all screwed….
The East Coast clean-up from Hurricane Sandy is well underway. When reached for comment, the city of New Orleans said, “Clean-up? You guys need a wet-vac and you’ll be fine.”
In all fairness, you just have to look at the news to see how Sandy hammered the Northeast, especially New Jersey. Havoc abounds, and law schools in the Garden State are not immune from the disaster…
* Shashank Tripathi appears to be behind the fake tweets about the flooding of the New York Stock Exchange. Is that protected speech or (wait for it) DID HE JUST SAY “FIRE” IN A CROWDED THEATER??????? [Gigaom]
* But to be clear, Romney is free to lie as much as he wants. Political speech, even misleading speech, is clearly protected. [ABA Journal]
* Just to be clear, because I know “low information” voters are easily confused, “Government” are the people going around trying to help you out in the storm. “PRIVATE BUSINESS,” in this case insurance companies, are the ones looking to screw you over and profit from the disaster. [New York Times]
* If you want to help the victims of Sandy (instead of just staring at pictures of their suffering like I do), you can. [Red Cross; NY Cares; Humane Society]
* Only now, at the end, do you understand the true power of Disney. Skadden helps Disney buy Star Wars. Now Lucas’s failure is complete. [Am Law Daily]
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….
Hurricane Irene: She came. She saw. She blew. She sucked? In the wake of HurricaneTropical Storm Irene, people have been expressing their displeasure with the way this natural disaster panned out. Apparently, we’re now so bitter as a society that we’re wishing greater harm upon ourselves. That’s a little sick, no?
After days of preparation, there is still a lot of damage to deal with in the aftermath of the storm. So, for all of you Irene naysayers, consider these facts. Across the Eastern Seaboard, millions of people are without power. As of this morning, at least 21 people have lost their lives. We’re looking at estimated property losses of $7 billion.
UPDATE (1:10 PM): The property losses could actually run as high as $13 billion, meaning that total economic losses could reach $14 billion to $26 billion (because “the rule of thumb is that total economic losses are equal to about twice property losses”). See this interesting post, entitled “How Irene Lived Up to the Hype,” by Nate Silver.
In the legal world, we know that it pays to be prepared, but there are some things that we just can’t work around….
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: asia@kinneyrecruiting.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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On any list of “scum of the Earth,” people who profiteer off of disaster victims have to make the list. Jesus, it’d be worth Hell existing just so there would be a place for people who take advantage of disasters to loot electronics or valuables (food, if you’re hungry and nobody is home, is fair game I guess). I think there are reasonable people on both sides of the New York City marathon debate, but the thought of any police not stopping a looter to deal with the marathon makes me think they should cancel this year’s event.
