* Good news, everyone! According to Citi’s Managing Partner Confidence Index survey, firm leaders are feeling pessimistic about their business due to an overall lack of confidence in the economy. [Am Law Daily]
* Per the Ninth Circuit, an Idaho statute that essentially criminalizes medication-induced abortions imposes an undue burden on a woman’s ability to terminate her pregnancy. Really? You don’t say. [Bloomberg]
* Kiwi Camara’s circuitous route to SCOTUS: thanks to the Eighth Circuit, Jammie Thomas-Rasset started and ended her journey with $222K damages for copyright infringement. [Thomson Reuters News & Insight]
* Was Barack Obama ever offered a tenured position on the faculty at University of Chicago Law School? Absolutely not, says longtime law professor Richard Epstein — and he was never a “constitutional law professor” either. [Daily Caller]
* “Fashion law is a real career choice,” says Gibson Dunn partner Lois Herzeca. This niche practice area is one of the hottest new trends in the fashion world, and it’s not likely to go out of style any time soon. [Reuters]
* Your clawback suit is a wonderland? John Mayer was named as a defendant in a suit filed by trustees seeking to recover money paid out by Ponzi schemer Darren Berg. [Bankruptcy Beat / Wall Street Journal]
* J. Christopher Stevens, UC Hastings Law grad and U.S. Ambassador to Libya, RIP. [CNN]
So it’s particularly unfortunate that we have to write about an Australian defense lawyer at the International Criminal cCourt in the context of her involuntary detainment in Libya, that fun little African country known for its leader’s kooky costumes.
Without further ado, let’s learn more about the detained Australian, Melinda Taylor (and see a photo of the beautiful young attorney)…
* A law firm in England, Edwards Duthie, believes that everyone is entitled to legal representation, even those who don’t believe in the rule of law. Have fun with Gaddafi; he should be a model client. [Guardian]
* An appeals court has ruled that Casey Anthony must serve her probation in Florida. It’s time for Extreme Makeover: Acquitted-of-Baby-Killing Edition. Casey would look good as a blonde. [CNN]
* Now that we know that a software program can practice law, with this settlement, is it fair to say that LegalZoom was only kinda illegally practicing law in Missouri? [WSJ Law Blog]
* Football players are suing over concussions. If the helmet on your head wasn’t warning enough that you could get a brain injury from playing the game, then I don’t know what to tell you. [Fox News]
[There wasn't] some dramatic meeting in the Oval Office where everybody tried to persuade the president not to do this, and Samantha rolled in with her flowing red hair and said, ‘Mr. President, I stand here alone in telling you that history calls upon you to perform this act.’ That’s not how it happened.
– Tom Malinowski, Washington Director for Human Rights Watch, refuting speculation that U.S. military intervention in Libya was the handiwork of his good friend, Samantha Power.
(As longtime ATL readers will recall, Samantha Power is the beautiful, brilliant, Harvard-trained lawyer who is currently a top foreign policy adviser to President Obama — and who famously called Hillary Clinton “a monster” during the 2008 presidential campaign (and then resigned from the campaign). Power is now married to prominent Harvard law professor and fellow Obama adviser Cass Sunstein. You can read about their wedding here, and see exclusive ATL photos of them here.)
* Over the weekend, while I was at the gym, I listened to this engaging and entertaining podcast, with Professors Richard Epstein and John Yoo. They discuss Libya, Obamacare, and — perhaps most interesting for ATL readers — the U.S. News law school rankings (around the 13-minute mark). [Ricochet (subscription); accessible for free for ATL readers over here (mp3)]
* Speaking of law professors and Libya, my friend and former co-clerk, Professor William Birdthistle, is writing an interesting series of posts about his childhood in that now war-torn land. The first appears here. [The Conglomerate]
* Joining the ranks of law professors: former Supreme Court shortlister Larry Thompson, who’s retiring as general counsel of PepsiCo and entering legal academia. [Corporate Counsel]
* Hey Raj Rajaratnam, look on the bright side: at least you’re not Barry Bonds. [Dealbreaker]
* A close and critical look at the PayScale salary data used by Forbes in its recent analysis of law school graduate salaries (as well as its ranking of “best law schools for getting rich”). [Constitutional Daily]
Ken Kratz wins 'The Prize' of no criminal charges.
The Libyan rebels have it easy. All they have to do is overthrow a megalomaniacal dictator who has mustard gas.
But in-house lawyers? Now, they have it tough.
(I write these columns several days before they appear on-line. If Qaddafi is still in power as of Monday, March 7, then read this column as providing advice for the future. If, on the other hand, Qaddafi’s already out of power, then view this as a remarkably quick historical case study.)
On February 25, President Obama signed an Executive Order prohibiting certain transactions relating to Libya. (Here’s a link to that order.) Australia, Canada, and the United Nations Security Council promptly imposed sanctions of their own. Other countries will surely follow suit.
The rules governing trade with Libya will evolve in the United States as, among other things, the Treasury Department’s Office of Foreign Assets Control identifies entities linked to the targeted regime or that engage in targeted behaviors. The rules will also change in the rest of the world, as other countries create and implement sanctions regimes. Large multinational companies will be doing business in countries that will impose differing economic sanctions on Libya.
* Hey, Muammar Gaddafi. Bad news bro. The Oscars are over, we’re going to be focusing on stuff again. So, maybe this would be a good time to pack up your stuff and go, before our glamor hangover wears off. [Wall Street Journal]
* Obama’s gay marriage views are still… evolutionary. Tico Almeida looks at how Obama’s rejection of DOMA might affect the fight for a proposed Employment Non-Discrimination Act (ENDA). [The Bilerico Project]
* I can’t wait until Marin comes back from vacation and breaks her foot off up in Charlie Sheen’s ass, again. [Slate]
* But be careful when dealing with Sheen. His lawyers know how to write a mean letter. [Radar Online]
* The Mets can’t even figure out how to sell kosher hot dogs. Does Mark Cuban need a special invitation to come save us? [New York Daily News]
* So, ballpark, just how much does an influential business ethicist make these days? And check out the top 10 list of unethical actors (bottom of the page), which includes a few lawyers. [Ethisphere]
* I know it’s not right, but if I was at a conference for First Amendment lawyers, I’d wait until everybody was in the main ballroom and then shout “fire.” I promise I’d do it, and I’d get big laughs too, even from the people who were accidentally trampled. [Underdog]
* The Oscars are over, but the battle for Blawg Review of the Year is just beginning. [Blawg Review]
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: email@example.com.
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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