Bradley Cooper: a very handsome man, but sadly not a lawyer.
Seemingly random small-firm lawyers from Alabama weren’t the only legal types in attendance at the White House State Dinner on Tuesday evening. Indeed, as we’ve previously noted, numerous legal celebrities attended the festivities as well.
Sure, there were some “celebrity celebrities” at 1600 Pennsylvania Avenue that night. The guest list included such boldface names as J.J. Abrams, Stephen Colbert, Bradley Cooper, Mindy Kaling, and Julia Louis-Dreyfus.
But who cares about Hollywood? Above the Law readers are more interested in the government lawyers, federal judges, Biglaw partners and law professors who attended this major social event….
Last year was a pretty great one for partners of Paul Weiss. And we’re not talking just about profits per partner, although we expect they’ll be robust once again.
In June, Roberta Kaplan scored a big win in the Supreme Court in United States v. Windsor. Representing Edie Windsor, a widow who got hit with hefty taxes when her wife passed away, Kaplan got section 3 of the Defense of Marriage Act struck down. Just yesterday, we declared Robbie Kaplan our 2013 Lawyer of the Year.
But she wasn’t the only PW partner who had an exciting 2013. In December, Jeh Johnson left the firm to become our nation’s fourth Secretary of Homeland Security.
On the morning of December 19, Johnson sent around a wonderful departure memo, which we’d like to share with you now….
The wars in Iraq and Afghanistan. The fate of Guantanamo Bay. The repeal of “Don’t Ask, Don’t Tell.” The rise of WikiLeaks. The raid on Osama Bin Laden’s compound. The conflict in Libya.
On these and many other critical national security legal issues, one of the most important advisers to Defense Secretary Robert Gates and President Barack Obama’s White House has been Jeh C. Johnson, General Counsel of the Department of Defense. In light of his role as senior legal adviser to the largest government agency in the world, responsible for the work of over 10,000 lawyers, it is no understatement to describe Johnson as one of the powerful and influential lawyers in the entire federal government.
I recently went down to Washington to interview Johnson in his office at the Pentagon. If you think security at your law firm is tight, visit the Pentagon. I had to pass through a metal detector and multiple security checkpoints before arriving at Johnson’s office, located on the E Ring within the mammoth structure — the world’s largest office building by floor area, with over 6.5 million square feet housing over 25,000 employees. (I was accompanied at all times by a member of Johnson’s staff, which prevented me from getting lost inside the maze-like complex.)
Before entering Johnson’s private office, I had to surrender my Blackberry – the office is a SCIF (pronounced “skiff”), or “Sensitive Compartmented Information Facility.” This means that it is specially designed to prevent eavesdropping, thanks to walls and doors of specified thickness and the use of jamming technologies. The windows of Johnson’s office, tinted a yellowish green, are blast-resistant and designed to preclude visual surveillance.
Once I made it to the inner sanctum, I was in for a treat. My wide-ranging discussion with Jeh Johnson covered his remarkable career path, which has included service as a federal prosecutor, partnership at a top law firm (Paul Weiss), and his current post as GC of the Defense Department; the virtues of public service, as well as the growing challenges for lawyers interested in it; and Johnson’s advice for law students and lawyers who aspire to careers in government (hint: keep your nanny on the books)….
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: