Be careful, and know what to look for to protect yourself or your marijuana business client.
Where cannabis is legal, employers can no longer drug test employees for THC, right? Wrong. For now.
After a decade of 60+ trips to Hong Kong from his former Miami home, our Evan Jowers has finally taken the plunge and moved to Hong Kong on a permanent basis. Since ’06, Evan has been head of Kinney’s Asia recruiting and over that time Kinney has easily placed more US associates, counsels and partners at top tier US and UK firms than any other recruiting firm (we have also made many in-house placements). (…)
* Prospective presidential candidate and perennial president of the Elie Mystal Fan Club Mike Huckabee is proposing term limits for Supreme Court justices. Funny how this became a conservative cause célèbre as soon as the polls suggest they’re looking at 16 years of Democratic presidents. [L.A. Times]
* Texas firm Cox Smith is merging with Detroit’s Dykema to create Dykema Cox Smith. This should rocket the new firm up the Am Law Top 200, but obviously we’re more excited about the new name. Heh heh. [My San Antonio]
* Law360 named their top attorneys under 40. I assume all the ATL editors are on the list. I’d check myself, but Law360 is behind a paywall. [Law360 (sub. req.)]
* Dewey still have partner refugees from a certain law firm’s collapse? [Bloomberg BNA / Big Law Business]
* Duane Morris loses its corporate chair. Bad news piling up. [New York Law Journal]
* Here’s the cute way to announce new licensing terms. [Shutterstock]
Do your due diligence before making a private marijuana investment, and do the same before you invest in any publicly traded marijuana company.
* Following his surprise resignation, the University of New Hampshire School of Law has banned the former director of its public policy center from stepping foot on campus. There must be something more to this story. Tipsters: time to assemble! [New Hampshire Union Leader]
* With his divorce lawyer’s blessing, George Zimmerman released a video where he says he still doesn’t think he did anything wrong when he killed Trayvon Martin, and that he feels victimized by President Obama’s “racially charged comments.” Paint a picture and get that angst out, Georgie. [Gawker]
* You were gonna walk your dog, but then you got high? You’ve heard of medical marijuana for people, but you probably haven’t heard of medical marijuana for pets. Nevada has a bill that’ll allow animal owners to smoke a bowl with sick pets. [LXBN]
* In case you missed our Converge conference last week, here are four essential tips that you’ll need to know if you intend to make a pitch to members of the mainstream media or legal press in the future. Tip #3 here is clutch. [Hellerman Baretz Communications]
* What’s so bad about Biglaw gossip? Absolutely nothing! In fact, ATL’s managing editor thinks that “Biglaw firms should [only] be afraid of us if they have something to hide.” You can thank us for your firm’s transparency, lawyers. [Big Law Business / Bloomberg BNA]
If you are going to take on investment in your cannabis business or invest in the cannabis business of someone else, you should ultimately seek to ensure compliance with all applicable securities laws.
* A Connecticut attorney was cited for dropping two ounces of weed on a courtroom floor, and he blames it on his client’s son. They were apparently going to stage an embarrassing intervention, but it was the attorney who wound up being embarrassed. [Hartford Courant]
* While Charleston School of Law bides its time and attempts to resist a buyout from the InfiLaw System, the school has offered many of its existing faculty members buyouts. We’ll have more on this interesting development later today. [Charleston Post & Courier]
* Pace Law is going to slash its tuition for incoming students with qualifying GPAs and LSAT scores to match the tuition of the in-state public law school of the student’s home state. Sorry, folks, but this tuition “fire sale” is only for new students. [WSJ Law Blog]
* Hiscock & Barclay is “dating,” “not engaged,” and “not even close to to getting married” to Damon Morey. There may not be “anything close to official,” but this seems like the very hesitant precursor to an arranged marriage, if I do say so myself. [Buffalo Law Journal]
* Per a recent study, the closer your law firm is to your law school, the more likely it is that you’ll make partner. In fact, it doesn’t even matter if you went to an elite law school — you’re still more likely to make partner if your alma mater is nearby. [New York Times]
* Appalachian Law may be a “fourth tier” school, it may be much smaller than it once was, and it may have lowered its admissions standards, but you better believe the little law school that could is going to be just fine. Don’t stop believin’, Appalachian! [WCYB]
* Robin Thicke and Pharrell Williams will officially be appealing the $7.4 million “Blurred Lines” verdict that was handed down against them earlier this week. Both musicians were likely decidedly unhappy about having to give up their spare pocket change to pay for a lawsuit they thought they should’ve won. [Hollywood Reporter]
* Another law school is teaching a marijuana law class, and it’s scheduled on Fridays so students won’t take it as a novelty course. For potheads, having to drag your ass out of bed when you don’t have other classes is a disincentivizer. [Columbus Dispatch]
* After reaping the benefits of serving as lead counsel in Detroit’s bankruptcy, Jones Day decided to pay the city back by opening an office. The firm will recruit for the new office internally. Raise your hand if you’re excited to move to Detroit, associates. [Am Law Daily]
* “I don’t know where he is. I haven’t got a clue.” Paul Ceglia, the man who claimed he owned half of Facebook based on a faux contract and is now facing fraud charges, has suddenly and conveniently disappeared ahead of his May trial. Dislike. [Bloomberg]
* If for some reason you’re still interested in applying to law school, here’s a timeline that will help you get through the application process. Step 1: Figure out if you actually need to go to law school. Step 2: Abandon the rest of the steps. [U.S. News & World Report]
Succeeding as a new associate is a juggling act that will involve balancing your evolving legal expertise with managing your workload, creating relationships with partners, fellow associates and support staff at your firm, and building strong business relationships. Here are a few tips to help you thrive during this pivotal time in your legal career. […]
Another significant hurdle to running a marijuana business — even if it’s legal in your state.
* It looks like some pretty big changes are going to be coming down the pipeline at Washington & Lee University School of Law. From faculty and staff layoffs to payouts from its endowment, this generally doesn’t look pretty. We’ll have more on this news later today. [Lawyers, Guns & Money]
* The 87th Academy Awards ceremony is this weekend, and you know what that means: IP lawyers are doing their damndest to protect the Oscars brand. Can you imagine the sheer number of cease and desist letters that have been going out? [National Law Journal]
* Congratulations to Marci Eisenstein, who was recently elected to become the first woman to serve as managing partner of Schiff Hardin in the firm’s 150-year history. FYI, the firm’s most recent partner classes have been 2/3 women for the past three years. [Am Law Daily]
* New Jersey Governor and would-be Republican presidential candidate Chris Christie made five firms really happy in 2014 thanks to all of the legal work he handed to them. Gibson Dunn, for example, earned $7.9 million from the Bridgegate affair. [Courier-Post]
* Which state will be the next to legalize recreational marijuana? It may be Vermont, where Senate Bill 95 would allow those 21 and older to possess, use, and sell pot. Just think, you can save the environment and get high while you do it! [Huffington Post]
The opportunities for Native American Tribes in the cannabis industry are vast, and many tribes will immensely benefit from cannabis while others will opt out entirely.
Ed. note: Due to the Presidents’ Day holiday, we will be on a reduced publication schedule today. We will still be publishing, but less frequently than usual. We will be back in full force tomorrow.
* The news is in, and it seems that Davis Polk’s financial numbers were at record highs. The firm’s revenue beat the $1 billion mark for the first time ever, and its PPP rose to $3.29 million. No wonder its 2014 bonuses were so awesome! [Am Law Daily]
* Yes, we know that William Mitchell Law and Hamline Law are merging to survive as a result of a quickly disappearing applicant pool. We’d really love to know how many other law schools are considering this as an alternative to closing their doors. [Star Tribune]
* How are Nebraska and Oklahoma, which neighbor Colorado, where marijuana has been legalized, handling the situation? Not well. Their AGs want SCOTUS to rule the weed law in the state where you can get Rocky Mountain High is unconstitutional. [PBS NewsHour]
* Thanks to a recent ABA rule change, schools are beginning to admit students without LSAT scores. One of those schools is Iowa Law (ranked in the top 30 by U.S. News), but those students need to have done really well on other standardized tests. [Daily Iowan]
* “How have I done as a judge today?” “Not bad, but you could do better.” Judge John Hurley had a run-in with an 80-year-old criminal defendant who wouldn’t stop calling him sweetheart. Flip to the next page to see the entertaining video. [NBC 6 South Florida]
As marijuana businesses seek to capture as many deductible expenses as they can, they run the real risk of the IRS disagreeing and finding themselves audited or hit with a penalty.
What can landlords and tenants do to prevent asset forfeiture or federal intervention altogether?