In a few months, Chelsy Davy, the on-again-off-again girlfriend of Prince Harry, will be starting as a trainee solicitor in the London office of Allen & Overy. The blonde beauty’s arrival at A&O will set tongues wagging, no doubt.
Meanwhile, here in the States, summer associates are arriving at their law firms — and surely some of them, like Chelsy Davy, are boldface names. We’d like to know about them, of course.
To get the ball rolling, let’s take a look back at some of the more famous summer associates of recent years….
Remember Kaavya Viswanathan? She’s the Harvard graduate who, while still in high school, landed a two-book deal worth a reported $500,000. The first book, a young adult / chick-lit novel entitled How Opal Mehta Got Kissed, Got Wild and Got a Life, was published in April 2006, during Viswanathan’s sophomore year at Harvard.
And then things fell apart. To quote the blog Sepia Mutiny, “Kaavya Viswanathan got rich, got caught, and got ruined.” Shortly after the publication of Opal Mehta, the Harvard Crimson reported that various passages in the book appeared “strikingly similar” to portions of two young adult novels by Megan McCafferty.
Viswanathan was widely accused of plagiarizing — not just from McCafferty, but from Sophie Kinsella, Meg Cabot and Salman Rushdie. Her subsequent fall from grace, including the cancellation of her book and movie deals, made national and even international headlines (due to coverage back in her native India). She claimed that the similarities between her book and prior published works were unintentional, but given the number and extent of the apparently borrowed passages, some were incredulous. (For samples, see Wikipedia.)
After graduating from Harvard College in 2008, she went on to Georgetown Law, where she’s a member of the GULC class of 2011. Her arrival at Georgetown made Newsweek in February 2009:
Viswanathan is a first-year law student at Georgetown University, where Stephen Glass earned a J.D. after being fired from The New Republic for fabricating a series of articles….
How’d she manage to get accepted? Applicants can submit supplemental essays to explain themselves to the admissions committee, says Dean of Admissions Andrew Cornblatt. “It’s impossible to get amnesia about what we may have heard,” he says. “But in all cases we treat them just like any other applicant.”
It seems Georgetown isn’t the only institution treating Viswanathan “just like any other applicant.” Despite the tough fall recruiting season and her controversial past, Viswanathan, who just finished her 2L year, has landed a coveted summer associate position at a top law firm — one of Biglaw’s biggest and best names, in fact….
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: