* What is up with Georgia judges? Another one bites the dust: Judge Douglas Pullen leaves the bench, terminating an investigation by the Judicial Qualifications Commission. [Atlanta Journal-Constitution]
* A former Ropes & Gray attorney caught up in the Galleon Group insider trading scandal, Brien Santarlas, testified yesterday that he was paid thousands of dollars for tips. Then, he was told “to dispose of the phone — break it in half, submerge it in water and put it in a garbage can.” He was also told to “Fart on it, dredge it in panko bread crumbs, and talk mess about its momma.” [Bloomberg]
* A candidate to succeed Dominique Strauss-Kahn as head of the IMF, former Baker & McKenzie chairman Christine Lagarde, may have a legal problem of her own. A less rapey one, but still. [Reuters]
* Maria Shriver has retained prominent divorce attorney Laura Wasser, but has not decided whether to divorce Ahnuld or not. Every decent Arnold Schwarzenegger joke has been done, so here’s Jean-Claude Van Damme dancing. [CBS News]
* An Oregon woman has won her fight to get high and carry a handgun. A three-episode arc on Cops is still being negotiated. [WSJ Law Blog]
* Vivia Chen continues her impeccable trolling with a post on lawyers who were voted “most likely to succeed” in high school. Money quote: “If you’re in law, odds are slim that you came within breathing distance of cheerleaders or star athletes.” [The Careerist]
* The owners of the Mets considered buying fraud insurance for their Madoff money in 2001. Instead, they traded for Mo Vaughn. Bad Idea Jeans. [New York Times]
I’m sure that somewhere there is a gang of civil rights activists and defense attorneys saying, “So, we’re only going to talk about this if it happens to a rich European?” But hey, let’s not dwell on why the perp walk is suddenly generating some controversy, and instead embrace the fact that people are willing to talk about it at all.
As you may have heard, IMF chief Dominique Strauss-Kahn was arrested in Manhattan over the weekend on sex crime charges. As is customary in this country, Strauss-Kahn was paraded before the news media in handcuffs (see picture; feel free to point, stare, laugh, as is traditional).
This common American practice is illegal in France. Under French law, the media is not allowed to show pictures of people in handcuffs unless they’ve been convicted of a crime. Apparently, the French believe that such pictures are highly prejudicial to the defendant.
If you’re like me, two of your last three Sunday night sports orgies have been ruined by the intrusion of real world events. First, Osama bin Laden lost the ultimate game of Call of Duty. Then last night Dominique Strauss-Kahn, the head of the International Monetary Fund and would-be president of France, was pulled off of a plane at JFK and arrested for a sex crime. And in the middle of those two world events, Mother’s Day happened.
(Note to NFL owners: this is the kind of crap that’ll be happening in the fall if you guys refuse to let people play football.)
As world events go, this is pretty big. Think about it: we’ve got the head of one of the five most powerful NGOs in the world, the leader of the Socialist party, a sex scandal, a super-fancy hotel, a maid, and an alleged escape attempt thwarted at JFK — and this has nothing to do with Bill Clinton! I mean come on, if you found out that the Lannisters were involved, would you be surprised?
And on the legal front, we’re talking about an important and respected international figure who just got denied bail.
Excuse me, I need to get my popcorn out of the microwave….
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: