James Glasgow

* If you thought you were going to be making $180K after graduation, then you better lower your expectations by quite a bit. Be prepared to make less than $65K! The National Association for Law Placement has released its annual edition of the bi-modal salary distribution for recent law school graduates, and the wide chasm between peaks on the bell curve looks more unhealthy than ever. [Big Law Business]

* In the wake of the Democratic National Convention, everyone wants to know the names on Hillary Clinton’s Supreme Court shortlist. It might surprise you that insiders say President Obama’s nominee, Merrick Garland, is at the top of Clinton’s list of eleven potential candidates. We’ll have more information on this later today. [The Hill]

* “What we’re seeing is a sort of shift around social norms. Kennedy is the best Geiger counter. He’s a very good instrument for measuring that.” SCOTUS seems to be cutting back on its defense of religious freedom in favor of supporting government regulators, and the high court’s swinger has led the way in the wake of Scalia’s passing. [USA Today]

* Federal prosecutors from the Manhattan U.S. Attorney’s Office and the DOJ are now investigating whether Mossack Fonseca, the infamous firm behind the Panama Papers, knowingly assisted its clients in laundering money and/or evading taxes. A firm spokesperson has denied all accusations of criminal wrongdoing. [Wall Street Journal]

* “You can sentence me to whatever you want, I guess. This sentence, I won’t outlive it.” Convicted murderer Drew Peterson was sentenced to an additional 40 years in prison in a murder-for-hire plot to kill prosecutor James Glasgow. In 2047, Peterson will be 93 years old, and he’ll be up for parole for the murder of his third wife. [Chicago Tribune]

* Law School Transparency? Nay, Biglaw Transparency! Peter Kalis, global managing partner of K&L Gates, just opened the kimono wide on his firm’s financial performance in an “unusually detailed” fashion. [Wall Street Journal (sub. req.)]

* Talk about a pain in the pocketbook: according to American Lawyer, profits per partner and revenues are slowly swirling down the drain at several Biglaw firms, with shrinkage of 16 percent in PPP at one firm. [Thomson Reuters News & Insight]

* The ABA is just now thinking of trying to find someone who will audit the graduate employment data that law schools release each year. Gee, it only took 15 fraud lawsuits to get the ball rolling. [National Law Journal]

* Oh my God, you guys, carrying six figures of law school debt on your shoulders is “unsustainable” in the long run, especially when your salary sucks. This is new information that no one’s heard before. [News-Gazette]

* Former U.S. Attorney Jim Letten is now Tulane Law’s new assistant dean for experiential learning. For the school’s sake, hopefully he’ll be able to control his students better than he did his AUSAs. [Tulane Hullabaloo]

* “You’re a cold-blooded murderer and I’ll stare you down until I die.” Drew Peterson was sentenced to 38 years in prison for the murder of his third wife. A sequel to the Lifetime movie is likely forthcoming. [Reuters]