* Scared of an audit, were we? With the unsealing of the case against Dewey’s former finance director comes greater insight into what was really going on behind the scenes at the failed firm. [DealBook / New York Times]
* The American Bar Association is willing pay up to $15,000 to organizations that match unemployed law grads with jobs to serve the legal needs of the poor. So, how much do the poor law grads get paid? [National Law Journal]
* Tenure may be “under fire,” but law professors are fighting back — and hard — because law school deans seem unwilling to speak up on their behalf. Let’s face facts though, tenure isn’t going anywhere. [Forbes]
* It figures one of the faces of America’s $1 trillion of outstanding student loan debt is a lawyer. Hey, heavily indebted lawyers make great headlines and even better first paragraphs. [Big Story / Associated Press]
* Jordan Graham, the newlywed who pushed her husband of eight days off a cliff, was sentenced to serve 30 years in prison. Protip: an annulment would’ve been a better option than second-degree murder. [CNN]
You may think law professors have easy lives, but the truth is, they really don’t. Tossing papers down a staircase to grade them is rough. Writing articles that no one will read aside from poor law review techciters is demoralizing. Teaching “Law and [Insert Noun Here]” to students in search of easy A’s is likely painful. Getting pepper sprayed in the face while teaching one of those classes is excruciating.
Things can get crazy pretty quickly when law professors at Top 50 law schools get attacked during class. Where did this happen, and was the law prof injured? Keep reading to find out…
* The federal judiciary is hiring for staff and public defender positions lost during the government’s sequestration throughout the better part of last year. Ready, aim, fire those résumés! [Legal Times]
* New York Biglaw firms always manage to find their way to the top of the Am Law 100 rankings. When all’s said and done, being so close to Wall Street definitely has its perks. [Bloomberg Businessweek]
* Absolutely no one should be alarmed about the fact that Kasowitz Benson’s profits per partner have dropped by 15 percent — well, no one but the equity partners, that is. Have fun with that. [Am Law Daily]
* The managing partner of Jacoby & Meyers is worried people will think his personal injury firm is going under, not Jacoby & Meyers Bankruptcy. Either way, those commercials won’t die. [New York Law Journal]
* A professor at George Mason University Law was pepper sprayed IN THE FAAAAAACE by an unknown assailant in his classroom yesterday afternoon. We’ll obvious have more on this story later. [ARLNow]
* La Verne is the first law school to offer flat-rate tuition. There will be no scholarships and no discounts. Students will pay $25K/year, nothing more, nothing less. This is, dare we say, wise. [National Law Journal]
* “Passion over pension.” Mekka Don, the Weil Gotshal corporate lit attorney turned rapper, just released his first CD, and it’s all about leaving Biglaw to follow his dreams. Go buy it here (affiliate link). [MTV]
* The shaming of Professor Rene Reich-Graefe continues, with Steven Harper weighing in. Law professors… so many people are onto your game of creating rosy scenarios to dupe prospective law students. Maybe you could spend more time trying to fix the problem in legal education, and a little less time trying to hide it? [Belly of the Beast]
Aasif Mandvi accepting his Justice in Action Award last night at the AALDEF 40th anniversary celebration.
Last night, I had the privilege and pleasure of attending the 40th anniversary celebration of the Asian American Legal Defense and Education Fund (AALDEF). Forty years is a remarkable milestone, so everyone was in a celebratory spirit. Here’s my account of the evening, which also honored several leaders within the Asian-American community….
As law school class sizes continue to shrink, whether due to students’ lack of interest in acquiring six figures of debt or law schools “right-sizing” to maintain student quality, something has got to give so there’s enough money to keep the lights on.
But layoffs are harsh, so clearly the next best thing is to politely ask faculty members to purge their presence from the wonderful world of gainful employment in the ivory tower — with some additional monetary incentive to sweeten the pot.
Which law school is asking its tenure-track faculty members to quit for the greater good?
UPDATE (3/26/2014, 9:30 a.m.): Please note the UPDATE added below.
Tenured or not, members of the ivory tower used to feel like they had reached a point in their legal careers where they had a good amount of job security. That was before the recession. Now, it seems they’re ready to poop their pedagogical pantaloons at a moment’s notice for fear of layoffs.
Well, we hope the professors at the law school we’re about to tell you about have a change of pants, because the dean thinks it’s time to flush out some faculty members. There aren’t any buyouts to be had — we’re talking straight-up law prof layoffs.
Which school is decimating its law professor headcount this time?
I think his primary prescriptive advice — in essence, our problems will be cured with the passage of time — is naive and potentially dangerous to those who follow it.
– IU Law professor William Henderson, eviscerating the stupid arguments of WNEU Law professor Professor René Reich-Graefe so I don’t have to. Reich-Graefe went with the whole “lawyers are retiring” and “people need legal services” claims that appeal to prospective law students who aren’t thinking critically about the future market for legal services. If you don’t know why listening to Reich-Graefe’s wishcasting is “dangerous,” Henderson explains it all on Legal Whiteboard.
The debate over “practice ready” legal education continues. Some schools aggressively tout their new clinics and secretly (or not-so-secretly) hoped that the ABA would let them abolish tenure altogether so they can start exclusively hiring cheaper instructors. Opponents defend the difficult position that a hundred-year-old educational model based around cloistered professors should be left more or less untouched.
That’s why articles that take unique, nuanced approaches — like tackling the issue from the perspective of encouraging professors, rather than students, to take time out to practice in the “real world” — are so intriguing. Here comes another one from a professor who attacks a lot of the underlying premises in this debate by really asking what a practice-ready education would really look like.
The answer is a lot more like med school, which is probably not going to make a lot of people happy….
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.
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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: