As we all await a vote on gay marriage in New York, the New York Observer came out with a wonderful list: the 50 most powerful gay people in New York. They’ve called them “power gays,” and that, my friends, is just fun to say. Here, I’ll use it in a scene.
OLD GUY: Is that guy over there… a gay?
ELIE: No. He’s a POWER gay.
The number one most powerful gay person in New York is City Council Speaker Christine Quinn. That makes sense. Christine Quinn could well be the next mayor of New York City, and unlike other potential NYC mayoral candidates, she doesn’t have a penis that can be photographed and disseminated over Twitter.
But, more relevant for our purposes, the power gays include a number of lawyers….
* Speaking of legal writing, do you share our love of corny Bluebook jokes? If so, read this. [Laws for Attorneys]
* And speaking of gays, and litigation, and people named Olson, Judge John Olson — a bankruptcy judge in Florida — just issued a saucy order, denying a recusal motion based on the fact that the judge’s fiancé (male) works for the firm representing the plaintiff. [South Florida Lawyers]
* Professor Stephen Bainbridge on summer associate programs: “When I was a kid, we didn’t get any stinking $150 cab rides.” [Professor Bainbridge]
Back in June, we wrote about the fabulous Chelsea apartment snapped up by prominent Republican lawyer Ken Mehlman. Although his résumé is strewn with achievements — he’s a 1991 graduate of Harvard Law School (just like President Obama), a former partner at Akin Gump, and a current executive vice-president at Kohlberg Kravis Roberts (ka-ching!) — Mehlman is most well-known as former chairman of the Republican National Committee.
Because Mehlman settled in Chelsea — and took up residence in the Chelsea Mercantile building, home to such A-list gays as Marc Jacobs and Lance Bass — we couldn’t resist a little innuendo. Despite his status as a leading official of the Republican Party, which hasn’t always been down with the gays, Mehlman has long been dogged by rumors that he is a homosexual.
Now we don’t have to worry about Mehlman suing us for defamation — and litigating the interesting issue of whether calling someone a big old nelly queen constitutes defamation per se in New York. Mehlman just publicly admitted that he’s gay, in an interview with Marc Ambinder of The Atlantic. (The publication of the interview may have been accelerated, thanks to a nudge from Mike Rogers of BlogActive.)
Let’s take a closer look at the pink elephant in the room….
Former Akin Gump partner Ken Mehlman — a 1991 graduate of Harvard Law School, just like Obama, but more known for his work in politics, also like Obama — has purchased a fabulous new Manhattan apartment. Mehlman, a former chairman of the Republican National Committee, is settling in Chelsea, which has raised someeyebrows.
So how much did he pay for his place? And what does it look like?
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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