* Congrats are in order for David Barron. The Harvard Law professor was confirmed to the First Circuit in a close vote (53-45), despite his apparent allegiance to our new drone overlords. [WSJ Law Blog]
* Another one bites the dust: Weil’s London banking leader Stephen Lucas decamped for Kirkland & Ellis. The firm retorted by saying: “We have got 40 finance lawyers left.” Aww, yay for you. [The Lawyer]
* Dean Jack Boger of UNC Law is stepping down, but he’s proud of keeping legal ed affordable. “[B]y relative standards, we’re still doing that,” he said. It’s ~$39K for out-of-state students. [Chapelboro.com]
* O.J. Simpson’s lawyers submitted a gigantic legal doc in an attempt to get him a new trial for his armed-robbery case. Court word limit: 14,000. Words in the Juice’s motion: 19,993. Rules: LOL. [NBC News]
* In a development that should shock no one, it turns out the Chinese hackers may have been turning their attention to infiltrating law firms “which hold valuable intellectual property for their clients but often lack the security defenses of a larger corporation.” [Bits / New York Times]
* Model suing hair salon for $1.5 million for ruining her career. That sounds funny, but the story is actually kind of horrifying. [New York Post]
* Are we looking at an M&A boom in 2014? Frank Aquila of S&C thinks so. After the jump… [Mimesis Law]
I have two reactions. First, thank you! Let’s debate these issues in public! And, so long as you spell my name right, you’re doing us both a favor!
Second, I’m right, and you’re wrong! Why? Because I’ve never in my life reviewed the work of a new lawyer and thought: “This draft would be pretty good if only it used a bunch of longer sentences. The cure to what ails this brief is to add some complexity to it.” If you were honest with yourself, Professor Osbeck, you’d admit that you’ve never seen that, either. On the other hand, both you and I frequently see sentences that desperately need to buy a period. So what should we teach — the rule or the exception?
[I]f law school is to remain three years, costs have to be cut; the system is not sustainable in its present form. The graduation into a shrunken legal sector of students with hundreds of thousands of dollars of student debt, nondischargeable in bankruptcy, cannot continue. Perhaps — just perhaps — the more prestigious law schools (and I include William and Mary among them) can continue the way they are, though that is not certain. But the vast majority of law schools will have to lower tuition.
But, and here is where I finally get to my point: The law is fascinating. It is incredibly important in people’s lives. And a legal education is an amazing opportunity to get the tools to understand, and most importantly, work within this system. (Here is where I should also note, in the interests of full disclosure, that I am in fact a law professor.)
Nothing brings out the knives more than losing jobs, and as a law school looks to send tenured faculty packing, the knives have come out in force.
A trustee defending the dean ripped the faculty using words like “smear campaign” and “mudslinging.” A professor countered saying the dean’s “leadership style is creating fear, a hostile work environment.” Well, looks like these kids are getting along swimmingly. This is what we have to look forward to all over the country as the law school bubble bursts and topples law schools all over.
In the meantime, let’s enjoy the public backbiting of Bravo’s new series, The Real Law Professors of…
* Justice Ruth Bader Ginsburg may retire by the end of summer 2015, or she may retire by the end of summer 2017, or she may retire whenever she damn well pleases. For the love of God, please stop with this. [Legal Intelligencer]
* The Fourth Circuit appears to be split on Virginia’s gay marriage ban. The Tenth Circuit appeared to be split on Utah’s gay marriage ban. We’ll give you three guesses on the eventual Supreme Court outcome. [New York Times]
* Law deans lose their jobs when their schools drop in rank, and it seems Biglaw chairmen lose their titles when their firms post the worst single-year drop in revenue ever. Sorry Bingham McCutchen. [Am Law Daily]
* Ex-D&Ler Zach Warren wants to sever his case from the likes of Joel Sanders and the Steves, using a “guilt by association” argument. The only thing he’s guilty of is being too cute. [National Law Journal]
* The drama continues at Albany Law, where faculty members now face possible pay cuts or being put on unpaid leave following a “smear campaign” waged against Dean Penelope Andrews. [Albany Times Union]
Sometimes what everybody thinks about the law is more important than what the law itself says. I think that’s what’s happened with net neutrality. It’s become a kind of norm of behavior, what you can and can’t appropriately do with the Internet. It’s got to be open.
– Professor Tim Wu of Columbia Law School, subject of a glowing profile in the New York Times for his work in defense of net neutrality.
(Fun tidbits from the profile that gunners and legal nerds will appreciate — specifically, how to land a Supreme Court clerkship with a weak grade in a 1L core class — after the jump.)
You might die on Mars, but you’d probably be employed.
* Due to the extreme polarization of SCOTUS, with its near constant 5-4 opinion line-ups, “it becomes increasingly difficult to contend … that justices are not merely politicians clad in fine robes.” Yep. [The Upshot / New York Times]
* Tim Wu, the Columbia Law professor who first introduced the term “net neutrality” to the world, had two of his clerkships (Posner and Breyer) “arranged” by Professor Lawrence Lessig. If only we could all be so lucky. [New York Times]
* We’re getting the sinking feeling that the lack of diversity in law school is one of those problems that everyone and their mother claims to be trying to fix, but the lack of momentum keeps it from ever truly improving. [National Law Journal]
* When contemplating what law schools would have to do to get a bailout, this law professor has three ideas, and they involve changing her colleagues’ lives in uncomfortable ways. Well played. [Boston Globe]
* Cole Leonard is struggling to decide between going to law school and going to Mars. Well, he’s more likely to have a job doing anything on Mars than here on Earth as a lawyer. HTH. [Dallas Morning News]
* The L.A. Clippers have a new CEO, for the time being. Say hello to Dick Parsons, the former chairman of Patterson Belknap, a man who the world hopes is not quite as racist as his predecessor. [Am Law Daily]
It’s Friday, I’m in a good mood, my birthday is tomorrow, I don’t want to slam this law professor. Sure, sending out a school-wide email telling students to avoid “the college habit of celebrating your successes or failures by drinking” is ripe for mockery. But, I don’t know, it’s cute. He’s kind of trying to help. For some reason I’m imagining a professor who sounds like Elmo saying, “Elmo doesn’t like drinking to the point where he pees in his pants after assaulting a police officer. Hee-hee!”
I mean, the guy sent along the helpful “blood alcohol by weight” chart. Like, there are going to be law students who say, “You know, I didn’t realize that having three scotches in a hour might get me f**ked up….”
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: