“Sucked balls can make millionaires” — Powerball management and/or Hugh Hefner
In the wake of a record-breaking $580 million Powerball jackpot that none of us won, we all returned to our soul-crushing legal jobs and forgot about the dream of owning an island or riding a partner around the office like horse until the next big jackpot.
But some lawyers are making a living off the lottery. One law firm in New York, Certilman Balin, has even registered the domain name thelotterylawyer.com to tout their expertise in estate planning for lottery winners. That’s some quality SEO. Professional legal advice for lottery winners is a growing cottage industry as the public becomes more familiar with jackpot winners squandering their money.
But estate planning isn’t nearly as entertaining as the crying and gnashing of teeth from litigation. And lotteries have spawned some wild cases because wherever there are deep pockets and petty people there are legal fees just waiting to be collected.
When I was a kid, I dreamed of becoming president. When I got older and realized becoming president would require a ridiculous amount of work on my part, I settled on the only dream worth a damn in this country: I want to win the lottery. And not some rinkydink $1 or $2 million jackpot, either. I want to win a bunch of money. I’m an adult American and I daydream about winning the Powerball at least three times a week.
And I suspect that this does not distinguish me from many of my peers in the legal community. I don’t have hard stats on this, but anecdotal evidence gleaned from conversations with several of my friends who hate being lawyers suggests that ninety-seven percent of recent law school graduates want nothing more than to win the lottery and tell the miserable senior associate who made them work last weekend to get bent.
Theodore Scott knows what I’m talking about. He’s an attorney who spent 22 years getting beat down by the legal profession and thought he had found a way out….
* Cooley Law’s Temple building in Lansing was evacuated due to smoke, but no fire. It was probably just all of the hot air the administrators blow up students’ asses about their employment prospects. [MLive.com]
* This has got to be some kind of a first. Crawford Shaw, a lawyer, is withdrawing a client’s claim to a multi-million dollar lottery ticket because he can’t be bothered to argue about it. [Reuters]
* I’m going to Disney World prison! Bonnie Sweeten, the paralegal who faked her own abduction, has been sentenced to eight years for stealing more than $1M (half of which came from her law firm). [Daily Mail]
* Did you get an email from Paul Ceglia about enlarging your penis? If so, it’s because lawyers at Gibson Dunn exposed the fraudster’s passwords in a court filing last week. Oops. [Bloomberg]
* A computer hacker in California got six years for sextortion and cyberterrorism. Ladies, this is just another reason to save your nude pictures on your flash drive, not your hard drive. [CNN Justice]
* An Ohio man who stopped paying into the office lottery pool is suing for a share of his co-workers’ $99M jackpot. You get what you pay for, and in this case, it should be nothing. [Fox News]
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
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.