Lawyer Drinking

In vino veritas — about unannounced transactions.

Here’s some friendly advice: when you’re drunk, try to keep your mouth shut. Or at least keep your work-related thoughts to yourself. This is certainly true for junior lawyers, but it goes for partners as well.

According to a complaint just filed by the Securities and Exchange Commission, an IP partner at a leading law firm had a few too many drinks, then got a little “TMII” — “too much (inside) information” — with his investment adviser. That adviser then traded on the material, nonpublic information, the SEC alleges….

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Earlier this week, a tipster sent us a link to a Greedy Associates post entitled “Why Do Lawyers Drink So Much?” My initial thought was “Ugh.” Honestly, somebody writes that article every three months, and every six months we have to write another version of the same story.

The reasons given for lawyer alcoholism are always the same. “Lawyers are only alcoholic because they’re super TYPE A badasses.” “Lawyers hate their jobs and drink to forget.” “It’s not the law that makes people alcoholics, it’s alcoholics who choose the law!”

I was going to ignore this latest Drunks and the Law story, but then the scotch in my coffee kicked in and I thought, “Hey, isn’t it just that lawyers drink because they can?”

Think about it: being a lawyer is a great job to have if you want to drink as much as possible while also having a job…

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