* Come on, people, Dewey really think that it’s fair that these proposed partnership clawback settlements blame only us for the firm’s implosion? The Steves and ex-CFO Joel Sanders don’t think so. [Bloomberg]
* “[E]ven if partners’ capital contributions were used to repay Dewey’s indebtedness—so what?” Well, that’s certainly one way to defend a suit alleging Citibank’s participation in a Ponzi-like scheme. [Am Law Daily]
* A $280K bonus sure seems nice, but do all Supreme Court clerks choose life in Biglaw once they’ve completed their stints at the high court? As it turns out, the answer is no — some view the money as “golden handcuffs.” [Wall Street Journal]
* Because nobody can ogle these crown jewels except Prince William: the royals’ potential suit against Closer magazine over topless pics of Kate Middleton has turned into full-blown privacy proceeding. [New York Times]
* If you’re struggling in law school, it may be wise to take some advice from those who’ve been there before you, like SullCrom’s Rodge Cohen, or the Ninth Circuit’s Chief Judge Alex Kozinski. [National Law Journal]
* With drinks flowing and asses shaking, Rick’s Cabaret can do no wrong — except when someone dies. The club’s drink-sales policy is currently the subject of a wrongful death lawsuit in Texas. [Houston Chronicle]
* Chris Danzig will be attending and live tweeting the Apple v. Samsung trial today. Follow him! [Twitter]
On Friday, the American Bar Association released the employment data for the class of 2011 that they collected from their member law schools. By dumping the information on a summer Friday, perhaps the ABA was hoping that nobody would notice the statistics?
Well, we noticed. The numbers are too bad not to notice. Earlier this month we reported on the NALP employment data, and the ABA data here doesn’t look any better. Only 55% of people in the class of 2011 are known to have found employment in full-time legal jobs.
Last Thursday, we opened our ATL Firm & School Insiders Survey and so far, so good. We’ve heard from students at nearly 100 law schools and lawyers at about 200 firms. As previously noted, this survey is one of the first data-gathering tools we’ll be using to create a new, expanded ATL Career Center. While we’re pleased with this initial response, of course we encourage all of you who haven’t yet to take 3-5 minutes and head over here to take our absolutely confidential survey. Thanks in advance.
To all non-law firm attorneys: thanks for your insight regarding your law school alma maters. Please know that we are looking forward to asking about your professional experiences soon, whether they be in government, non-profit, in-house, academia or elsewhere.
As our data accumulates, we look forward to slicing and dicing it in myriad ways, in order to find patterns of interest to our readership, but more importantly, for useful insights for anyone researching legal education and careers.
After the jump, we share a handful of early trends in the survey data:
When you are a transfer student, you are constantly fighting for respect. If you don’t think your non-transfer classmates look down on how you gunned your way into their school despite whatever faults kept you out the first time, you really aren’t paying attention to your surroundings.
But most transfer students do feel the sting, and they try like hell to prove that they belong.
Which is just weak. Come on, there’s nothing worse than trying to interact with somebody who has a huge chip on his shoulder. Actually, the annoyingness of transfers is directly related to the rank of the school: the better the ranking, the more annoying the kids who transfer in.
Call it “elite law school problems.” One of the pleasures of going to an elite school is that you get to spend time around people who aren’t frustrated that they couldn’t get into a better school with better prospects. There’s a calmness on campus; everybody’s doing their thing, everybody feels like things are going to work out. Then the transfers get there and they’re gunning, and annoying, and have ridiculous bro stories about bombing the LSAT, “But it’s ALL GOOD, ’cause I’m HERE NOW buddy, YEAH. I’m taking a class with PROFESSOR FAMOUS PANTS which will really help in my CALLBACK at [mid-tier firm that is actually a fallback option for people at elite schools] DAY.
Sigh. At least that’s how transfer students talk to non-transfers. We don’t often get to see how transfer students talk among themselves.
But today, we’ve got a whole transfer student email thread from Stanford Law School — and boy, like Fredo in the Godfather, they want respect….
You'll bump into more black people at the Indiana State Fair than you will at the Indy Law atrium.
If you had told me at the beginning of the week that something happening at Indiana School of Law – Indianapolis would turn into a three-day Above the Law story, I would have said, “No dude, I’m not going to race-bait the Jews during Passover.”
But it turns out that my powers of racial inflammation were not needed for this Indy Law story. A student writing as “Invisible Man” managed to stoke racial passions at the school simply by finding reverse racism where few others could: in the banners hanging in the law school’s atrium. Indy Law Dean Gary Roberts found the student’s objection essentially incomprehensible, but we haven’t actually seen the law school atrium, to judge for ourselves just how oppressive these banners of black people might be to the white students that make up 80% of the Indy Law student body.
Until now. Finally, tipsters send us photos of the atrium banners, to put this whole controversy into perspective. I hope you brought your magnifying glasses to work today…
Remember the hilarious So You Want To Go To Law School video? The genius behind it, Virginia lawyer David Kazzie, recently sat down with The Careerist to share the backstory behind the video (which was one of the 25 most-viewed videos last month in YouTube’s film/animation section).
So who is David Kazzie? And has he done other law-related videos?
I’m surprised this doesn’t happen more often. A student is demanding that his law school admit to scamming him out of money in open court.
And why? The student isn’t trying to recover tuition dollars directly from the school. Instead, the student is involved in the arduous process of trying to get his debts discharged through bankruptcy. As we’ve mentioned repeatedly, you can’t discharge student loans through the bankruptcy process absent a showing of undue hardship.
The student is named Kenneth Desormes. The school is Charlotte School of Law. And he wants Charlotte to admit what they did to him…
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.
It’s the legal profession’s equivalent of a long-term relationship.
When Michelle Waites, Senior Patent Counsel for Xerox Corporation, attended The LGBT Bar’s Lavender Law conference several years ago, she wasn’t sure what to expect. She left having forged a lasting business relationship that still endures today.
It was during The LGBT Bar’s event – an annual gathering of more than 1,600 lesbian, gay, bisexual, transgender and allied legal professionals – that Waites first met Marla Butler, a partner at Robins, Kaplan, Miller & Ciresi LLP, who specializes in patent law.
Today, the two are still close friends as well as professional colleagues. Butler’s firm continues to work with Xerox – a business partnership forged via The LGBT Bar.
On November 19th, The Bar will present its first-ever conference outside the United States. Dubbed “A Lavender Law Experience for Europe,” the day-long Business Legal Conference will replicate programs such as the one that brought Waites and Butler together for legal professionals in Europe.
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: