Ed. note: This is the latest installment of The ATL Interrogatories, brought to you by Lateral Link. This recurring feature will give notable law firm partners an opportunity to share insights and experiences about the legal profession and careers in law, as well as about their firms and themselves.
Peter J. Devlin, President and Chief Executive Officer of Fish & Richardson, assumed the firm’s top management position in 2000. Under his leadership, Fish has opened several new offices, expanded its burgeoning international practice, bolstered its reputation as a national firm at the pinnacle of the IP and business world, strengthened its financial performance, and positioned itself for further growth. Mr. Devlin’s law practice emphasizes client counseling in the areas of patent infringement and validity opinions, patent due diligence, product clearance, and licensing; and in U.S. and foreign patent prosecution, focusing on medical device technologies, electronics, and software. Before joining Fish, Mr. Devlin worked for Raytheon Company, first as an electrical engineer and then as a patent attorney.
Ed. note: This is the latest installment of The ATL Interrogatories. This recurring feature will give notable law firm partners an opportunity to share insights and experiences about the legal profession and careers in law, as well as about their firms and themselves.
Larren Nashelsky is the chair of Morrison & Foerster. Prior to becoming chair, Mr. Nashelsky focused his practice on U.S. and international restructurings, including Chapter 11 reorganizations, workouts, restructurings, secured financings and distressed acquisitions and investments. Larren is a graduate of Hofstra University School of Law.
How many push-ups can RBG do? Probably more than you can.
How do federal judges maintain taut abs and tight buns underneath their robes? They all have their own special methods.
For some, it’s about diet. Chief Judge Alex Kozinski, for example, has a four-word diet: “Few carbs, less sugar.”
Other judges believe in aerobic exercise. The ranks of runners include retired Justice David H. Souter, whose exercise regimen turned him into a judicial hottie (“Certiorari is GRANTED to that hot, lean body!”); Judge J. Harvie Wilkinson (4th Cir.), whose failure to cross train got critcized by President Bush during a Supreme Court interview; Judge Denny Chin (2d Cir.), a veteran marathoner; and Judge Diarmuid O’Scannlain (9th Cir.), my former boss.
But maybe running is for wimps? For the women of One First Street, weight training is the order of the day. Let’s meet the personal trainer helping two of the justices get HUGE….
* “Without the formation of character, the rest is futile.” An Article III judge’s take on the law school crisis. [Simple Justice]
* Because nobody likes sloppy seconds, the merger talks between Pillsbury Winthrop and Dickstein Shapiro are now off the table. [Thomson Reuters News & Insight]
* David Tresch, an ex-Biglaw CIO, was indicted last week on wire fraud charges. “Bitch better give me back my money,” said Mayer Brown. [ABA Journal]
* Does Jeffrey Toobin understand the Voting Rights Act? This law professor seems skeptical. [PrawfsBlog]
* Praise the Lord and pass the ammunition, because this Saturday is Gun Appreciation Day. Go celebrate your Second Amendment rights — but do it responsibly, please! [Volokh Conspiracy]
* Remember Ryan Chenevert, the young lawyer who took home the title of Cosmo’s Bachelor of the Year for 2012? Check out the very tongue-in-cheek interview this hottie did with 225 Magazine, after the jump….
* In light of Chief Justice Roberts’s historic vote to uphold Obamacare, should we expect JGR to be more liberal going forward? According to Jeffrey Toobin, author of The Oath (affiliate link), “Do not expect a new John Roberts. Expect the conservative he has always been.” [Talking Points Memo via How Appealing]
* “[A]ny robot or high school graduate can calculate numbers in a matrix to arrive at the highest possible sentence. But it takes a Judge — a man or woman tempered by experience in life and law — to properly judge another human being’s transgressions.” [Justice Building Blog]
* Bank of America agreed to pay $2.43 billion, one of the biggest securities class-action settlements in history, to put the Merrill Lynch mess behind it. According to Professors Peter Henning and Steven Davidoff, B of A “is probably quite happy with the settlement given that it could have potentially faced billions of dollars more in liability in the case.” [DealBook / New York Times]
* “Oyez! Oyez! All persons having business before the Honorable, the Supreme Court of the United States, are admonished to draw near and give their attention, for the Court is now sitting.” Here is Robert Barnes’s take on the SCOTUS Term that starts today. [Washington Post]
* And here is Professor Garrett Epps’s review of Jeffrey Toobin’s new book on the Supreme Court, The Oath (affiliate link). [New York Times]
* How Dewey justify paying a big bonus to a member of the management team “when it has been widely pointed out that excessive compensation to the firm’s upper management significantly contributed to the firm’s collapse in the first place?” [Bankruptcy Beat via WSJ Law Blog]
* A high-profile Vatican trial raises these questions: “‘Did the butler do it?’ Or rather, ‘was it only the butler who did it?’” [Christian Science Monitor]
* Ben Ogden, an Allen & Overy associate who was killed in a Nepalese plane crash, R.I.P. [Am Law Daily]
There are four justices in their 70s now. Ruth Ginsburg is 79. She’s probably the most likely to leave if Obama is reelected because she’s sympathetic to him politically.
The next two oldest are Justice Scalia and Justice Kennedy who are 76, who probably don’t want to leave if Obama’s president, but they’re starting to get to the age where, you know, you don’t know exactly when your term is up, as they say.
Ed. note: This new column is about sports and the law. You can read the introductory installment here.
I was an altar boy for several years as a kid. The priest, who smelled of cigarettes, would whisper “book” when he wanted the book, and over time I became a pro at rocking the bells. Seriously good at shaking those bastards.
Let’s talk sports?
On Wednesday, Dr. Graham Spanier and his attorneys went on the offensive. Spanier, you may recall, is the former Penn State president who was fired in the midst of the Sandusky scandal last November. Joe Paterno died, two former colleagues await trial, and the 64-year-old Spanier simply got a pink slip. You would think that since he escaped the far harsher sentence of his compatriots, he would be grateful. Perhaps he would tend to a garden during this, his senescence, and dream about the days when a child rapist didn’t have free reign over the Penn State campus. If gardening isn’t his thing, maybe drinking is. I know it helps me to forget.
But alas, Spanier is in no mood to forget. On Wednesday, Spanier sought out every audiovisual recording device he could find in order to plead his case to the world. Y’see, everyone’s got it absolutely wrong about Graham Spanier.
If Congress wants lessons on how things work from Jamie Dimon, they should have to pay him a speaker fee or something.
* Another year, another survey that shows prospective law students care more about the U.S. News Law School Rankings than anything else when applying to law school. In fact, it’s the exact same number from 2010. Kids are dumb. [Kaplan]
* Everybody is worried about what will happen when computers replace attorneys. I’m much more interested in what will happen when computers replace hookers. [The Atlantic]
* If watching our Congress ask idiot questions of Jamie Dimon doesn’t make you feel like we need vastly more intelligent Congresspeople, maybe watching them fawn over Jamie Dimon will do the trick. [Dealbreaker]
* I really hadn’t thought of this — in addition to your huge educational debts, your parents are most likely out there spending your inheritance. I swear, if I ever spend money on more education, it’s going to be on a post-apocalyptic survivalist class. [Law and More]
* Former TSA lady gropes current TSA lady after inappropriate groping from TSA. [Threat Level / Wired]
* In real life, unlike Monopoly, a bank error is never really in your favor. [Legal Blog Watch]
* Do the Republicans have an abortion problem? [New Yorker]
* Happy Birthday, Lat! Check out the very cool gift (affiliate link) that he received in the mail today — signed by one of the authors. [Twitpic via Twitter]
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: email@example.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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