* I thought Def Leppard got a cut every time a stripper takes off her clothes. [Legal Blog Watch]
* Catherine Rampell tackles the sputtering lawyer salaries numbers. Yes, to the New York Times, you listen. [Economix / New York Times]
* Oh nepotism, the thing that proves that it’s better to be lucky than good. [Wise Law NY]
* It’s kind of funny if your entire document production can be flummoxed by a squirrel. [Wired]
* The New York City Bar association is putting together a task force of people to look at the terrible legal job market. You know who isn’t trying to come up with the a response to the terrible market? It rhymes with American Bulls**ttar Association. [WSJ Law Blog]
An Australian coroner has ruled that a dingo really did eat Lindy Chamberlain-Creighton’s baby, over 30 years ago.
To put this in context, the line “a dingo ate my baby” comes from this case! This case was the basis for the movie A Cry in the Dark with Meryl Streep (though IMDB claims that the famous line was never actually spoken in this movie).
So Lindy Chamberlain-Creighton, the “dingo ate my baby” lady, has been vindicated! What a world. Next thing you know, dogs will actually start eating homework, and O.J. will find his ex-wife’s real killers.
Friday night, I attended the first ever Innocence Project of Florida dinner. I was invited by a close, personal Twitter follower board member, and upon acceptance, asked by someone in one of my Google+ circles the Incoming Chair of the Innocence of Project of Florida to turn over a fairly large amount of cash to be a co-sponsor. Apparently, while Holland & Knight was receiving an award for their thousands of hours helping to free the wrongfully convicted, money for the dinner wasn’t pouring in from the establishment. Maybe next year.
As lawyer-type dinners go, it was a little different — poor lawyers representing alleged violent criminals mixed with Biglaw lawyers who spent the last decade doing the same, as well as three dozen judges, the elected state attorney, the appointed United States Attorney, and a slew of law students. Also in the crowd were a half-dozen exonerees. The exonerees included James Bain, who served more time than any other exoneree — 35 years for a crime he didn’t commit. He went to jail when I was four years old, and got out as I was planning a trip for my 40th birthday.
The night had its share of speeches and awards. One of the awards went to lawyer Marty McClain, whose client, Juan Melendez, was there among the suits wearing a t-shirt. Juan spent 17 years, eight months, and one day on death row before being exonerated. Marty’s other client, Frank Lee Smith, couldn’t make it because he died of cancer on death row before being exonerated. At his table was Marty’s high school buddy, actor Tony Shalhoub, who looked like a stalking fan taking pictures on his phone when his lawyer-friend was honored for being poor and a hero. While people were asking Shalhoub for pictures and autographs, he was busy being enamored with Marty….
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: