* “If you love me you’ll pass this bill.” Sorry, Obama, but even the Democrats are busy washing their hair on this one. How about we pass a resolution like this instead? I’d totally love Obama for that. [New York Times]
* Gary Giordano, the man accused of killing his swinging gal pal in Aruba, has hired a new attorney. Apparently Jose Baez is now the go-to guy for defendants with shady pasts and even shadier alibis. [Daily Mail]
In the aftermath of last week’s “LeBromination,” where we witnessed the Miami Heat become the basketball power equivalent of the SuperFriends, this was the response from a colleague of mine to a related story gaining steam in the media:
“Yeah, and I’m Shaq’s uncle.”
The last two weeks have been quite a whirlwind for Leicester Bryce Stovell. As first reported by TMZ, and followed by a slew of other media outlets (including this video from Headline News), Stovell claims that he is the biological father of basketball star LeBron James. In making his claim, he did what any of us would have done: he sued his son and baby’s mama (Gloria James) for $4 million dollars.
Sounds a bit sketchy, right? After he was named our Lawyer of the Day last Friday, I decided to reach out to Stovell for an interview with Above The Law. It turns out that the former SEC lawyer currently works as a contract attorney here in DC, which means we are practically brothers, in a non-DNA-test sort of way.
Stovell gave me some frank, interesting answers — along with a startling revelation….
LeBron James, who’s your daddy? (Unfortunately, it’s not the Knicks, to Elie’s great dismay.) Could it be a Washington lawyer by the name of Leicester Bryce Stovell?
Stovell came forward this week, claiming to have knocked up Gloria James when she was 15 and to have genetic proof that he’s the King’s father. Like all good dads should, Stovell is suing his new-found son and baby mama for $4 million for denying paternity. TMZ reported on the lawsuit on Wednesday along with photos of Stovell, saying the resemblance is uncanny. At the very least, it’s true that they’re both tall.
[T]he man making the claim isn’t some schmuck — dude is a Princeton graduate … who earned a law degree from the University of Chicago … and then became a Senior Legal Advisor for the U.S. Securities and Exchange Commission.
Au contraire. You can get a law degree from the U of Chicago and still be a schmuck. One of Stovell’s former colleagues attests to that…
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: firstname.lastname@example.org.
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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