What do you do with the dean of an unranked, fourth-tier law school, who gets made fun of in national newspapers for his enormous salary, tries to fire 35 to 40 percent of his faculty, and even makes taking a 25 percent pay cut look disingenuous and self-serving?
Well, if you are the American Bar Association, you give him an award. And not a sarcastic one like the one I suggested in the headline. I should give New England Law | Boston law dean John F. O’Brien an award for “Most Effective Troll Of His Own Students.” But the ABA Section of Legal Education and Admissions to the Bar is giving him a real award: the 2014 Robert J. Kutak Award. The award is given annually “to an individual who has contributed significantly toward increased cooperation among legal education, the practicing bar, and the judiciary.”
You know you are dealing with a cartel when it is so tone deaf that it starts giving awards to the members who seem to do the best job of exploiting non-members. Didn’t anybody tell them that handing out a “Pimp of the Year” award is supposed to be a joke?
I’d say that New England Law School Dean John F. O’Brien “should be ashamed of himself,” but really, the man has already proven that he is not capable of experiencing the human emotion of “shame.” This is a guy who would probably ask the Ghost of Christmas Future how much he gets paid for a good haunting.
The internet was awash in outrage this weekend after a Boston Globe report revealed that John F. O’Brien, dean of the New England School of Law, makes an obscene amount of money.
And it is obscene. O’Brien makes $867,000 to run a law school so bad it is not numerically ranked by U.S. News. It’s an embarrassing figure for anybody who runs a non-profit educational institution that claims tax-exempt status. Really, somebody should look into that tax exemption, and ask a court to do the same.
It’d be pretty easy to sit here and jump up and down on O’Brien. Again, he makes an obscene amount of money for selling a substandard product. I assume he pays somebody to go around collecting the tears of his recent graduates so he can drink them at parties.
But how much did you think this guy made? Only $400,000? A mere $250,000? New England School of Law charges people $40,904 a year for an education. Where did you think that money was going? The students? Don’t be as naive as the people who actually go to New England School of Law. If I may quote Judd Hirsch from Independence Day: “You don’t actually think they spend $20,000 on a hammer, $30,000 on a toilet seat, do you?”
Let me ask the question this way: How much do you think Case Western Reserve School of Law Dean Lawrence Mitchell makes?
* “I’m a New Yorker, and I jaywalk with the best of them.” Don’t be fooled by the rocks job that she’s got — she’s still, she’s still Jenny Sonia from the block. The Supreme Court’s very own wise Latina, author of a new memoir (affiliate link), is proud of her city. [New York Times; 60 Minutes]
* If you’re looking for an M&A adviser, you’d be wise to seek out counsel from Skadden Arps. The firm swept three separate rankings lists based on the total value of its clients’ 2012 M&A transactions. [Am Law Daily]
* Only in the world of legal education could the dean of a law school that isn’t even numerically ranked by U.S. News have the highest salary of all law deans nationwide. (We’ll likely have more on this later.) [Boston Globe]
* Arizona schools will allow 3Ls to take the bar exam, but New York schools may soon do away with 3L year altogether. Of course, the ABA will find a way to muck it up, but still, hooray for progress! [National Law Journal]
* Remember “Made in Jersey,” the show about a stereotypical Jersey girl who made the jump to Biglaw? Yeah, neither does anyone else. Hopefully “Staten Island Law” won’t face the same fate. [New York Daily News]
* “Sexiness is all about being a woman of character.” Our congratulations go out to DaNae Couch, the Texas Tech law student who advanced to the Top 10 of the Miss America competition. You go girl! [Lubbock Online]
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: