The year is quickly drawing to a close, but we have unfinished business to conduct here at Above the Law. We still have to crown our Lawyer of the Year for 2011.
Thank you to everyone who responded to our call for nominations. We’ve narrowed down the nominees to a field of twelve (although you’ll see only eleven options in the poll because one is a joint nomination). As in past years, the contenders run the gamut from distinguished to despicable.
It’s time to announce the winner of October’s Lawyer of the Month competition. Our readers had a motley crew of female lawyers behaving badly to choose from, and one male attorney who probably would have loved to keep company with them all.
But which kind of lawyer do our readers like the best? Drunk, naked, rich, or slutty ones? In this polling cycle, we learned that money can buy just about anything, except enough votes to win an ATL contest….
Well, today Ira Schacter is back in the news. He’s accused of refusing to pay for his teen daughter’s $12,000 hearing aids, while dropping $215,000 on a diamond engagement ring for his Playboy-bunny fiancée. If true, that’s pretty shoddy behavior — the very embodiment of cheapness, from a big-time Biglaw partner who can easily afford twelve grand.
But I know what you’re all wondering right now: “How hot is that Playboy-model fiancée?”
When a Biglaw partner is accused of domestic violence, we can’t help but honor him as ATL’s Lawyer of the Day. But we must note that this article from the New York Daily News drips with lawyer hatred, in describing a case where the attorney was not convicted.
They didn’t even spell Cadwalader partner Ira Schacter’s name correctly. We’ve put the perceived lawyer hatin’ in bold:
A high-powered Manhattan lawyer was cleared of wife-beating charges Tuesday — even though cops said his estranged wife was hurt in a scuffle last fall at the couple’s East Side townhouse.
Ira Schachter, a partner at the white-shoe firm of Cadwalader, Wickersham and Taft, was freed despite dramatic photos that appear to show him causing a commotion outside the pricey brownstone on E. 78th St.
Manhattan Criminal Court Judge Larry Stephen also scrapped an order of protection against Ira Schachter, 48, after prosecutors said they couldn’t prove the case against him….
Ira Schachter walked out of court surrounded by an entourage of powerful lawyers, including divorce lawyer Raoul Felder and Ira Sorkin, former head of enforcement at the federal Securities and Exchange Commission.
Not to say that beating your wife is okay. His wife claims he choked her, and police photos showed bruises on her head and neck. Schacter claimed it was self-defense after his wife bit his finger “to the bone.”
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: