It is anyone’s guess as to how SCOTUS will handle this potentially critical case of first-impression, and most involved with the marijuana industry are rightfully nervous.
We are pleased to invite you to an evening of cocktails and conversation focusing on the many ins and outs of marijuana law. The event will take place in Denver, Colorado, on June 16 from 6:30 p.m. to 9:30 p.m.
Litigation finance is a funding tool many companies are considering to help cover the fees and expenses related to major legal claims. We at Lake Whillans Litigation Finance have compiled a list of questions to help you determine if your client is a candidate for litigation finance.
* Ever argued about weed before SCOTUS? Ever argued about weed before SCOTUS… while high? The Supreme Court asked Solicitor General Donald Verrilli Jr. to weigh in on the marijuana border wars suit filed by Oklahoma and Nebraska against Colorado. [Denver Post]
* Well, that was quick! After enacting this rule just last year, the ABA now wants to put a stop to law schools using an exception that would allow up to 10 percent of their entering classes to consist of students admitted without having taken the LSAT. [ABA Journal]
* Landon Thomas, a 2014 NYU Law graduate, has been missing for more than a week. He was last seen in Harlem on April 27. His friends and family have set up a Facebook page to aid in the search. If you have any information, please call the police. [DNAinfo]
* Corinthian Colleges, a higher education system that ran an employment falsification scam that was eerily similar to what law schools were once doing, has gone belly up, and Biglaw firms are swooping in like vultures to get in on the action. [Am Law Daily]
* After being convicted on 30 federal charges last month, Boston Marathon bomber Dzhokhar Tsarnaev showed some emotion for the first time during the penalty phase of his trial, where he was seen wiping a tear while his aunt sobbed on the stand. [TIME]
* DEA Agent thinks legalized pot will get rabbits high. Do you know how quickly they reproduce? This could lead to a terrifying Dorito’s shortage. [Lowering the Bar]
* Facebook lands a guy in prison after he “Likes” his own Wanted poster. [Jonathan Turley]
* The billable hour is a recipe for law firm failure. [The Legal Intelligencer]
* Dov Charney really really wants to get back control of American Apparel. Guy can’t seem to take no for an answer. In any event, his legal maneuvers may have set the stage for the intentional death of the company. [Dealbreaker]
* In honor of Star Wars Day, here are lessons lawyers can learn from Star Wars. Don’t go Jar Jar. [The Nutmeg Lawyer]
* Attorney General Loretta Lynch’s Brooklyn spin class turns into a celebration. [Wall Street Journal / Metropolis]
The real key to being a good cannabis business lawyer is to be a good business lawyer, plus knowing the unique “extras” necessary for cannabis business law expertise.
Any marijuana business thinking of signing up for the Real World of pot should think long and hard not only about putting their own legal rights at issue, but also about the reputation of the industry as a whole.
* The job market may be “improving,” but people aren’t going to start applying to law school in droves any time soon. There’s been a 40 percent drop in applicants since 2005, and according to LSAC’s latest data, “the downward spiral is still… spiraling.” [WSJ Law Blog]
* Lines to see what could be one of the most historic arguments before the Supreme Court started forming last Friday, but the rest of the country will have to sit back and wait until June to see if a constitutional right to same-sex marriage will be declared. [Reuters]
* Kris Jenner was just hit with a six-figure lawsuit thanks to model Kendall Jenner’s 19th birthday party, which was allegedly complete with more than 100 guests and a male stripper. Don’t worry, mom, the stripper already spanked your daughter. [Ministry of Gossip / Los Angeles Times]
* The latest edition of the Am Law 100 rankings are out, and it looks like gross revenue, revenue per lawyer, and profits per partner are on the way up at most firms. You’ll never believe which firm is the new No. 1. We’ll have more on this later. [American Lawyer]
* Hey, here’s some info you’ve never heard before now! People who graduated from law school in 2010 are still screwed because they’re drowning in debt and some have never worked as lawyers! Never fear, the New York Times is on it! [DealBook / New York Times]
* “Obviously, the concussion affected my judgment — oops, I shouldn’t say that, given my day job.” At 92 years of age, Judge Robert Sweet of the S.D.N.Y. splits his time between legal pirouettes in the courtroom and skating pirouettes on the ice. [New York Times]
* “It’s time for restraint of the federal government’s over-aggressive weed warriors.” States that have legalized pot are tired of the Feds prosecuting their citizens, and that’s what the Respect State Marijuana Laws Act of 2015 aims to stop from happening. [High Times]
* “[L]awyers are naturally drawn to writing because we spend our days working with words.” If you’re a lawyer thinking about writing a legal thriller in your spare time, you’re not alone. Just ask Scott Turow and our very own David Lat. [National Law Journal]
On this 4/20, lovers of cannabis and cannabis businesses still have not seen the de-scheduling of marijuana as a Schedule I controlled substance.
* Georgetown Law is teaming up with DLA Piper and Arent Fox to open a low bono law firm. The firm will provide two things for those in need: affordable legal services and jobs to bolster GULC’s employment stats. [Am Law Daily]
* Michigan Law will provide summer funding for all of its 1Ls for law-related internships — but there’s a catch. The cash is a loan, and students may have to pay it back if they earn Biglaw money the following summer. [Michigan Law]
* Judge Jed Rakoff sounded off on the judicary’s problem with mass incarceration at a recent conference at Harvard Law, calling for his colleagues and bar associations across the nation to take a stand for the accused with a gentler justice system. [Big Law Business / Bloomberg BNA]
* “It’s positive news. I think it indicates there’s some slight opening of financial services to marijuana-related businesses.” Some banks have finally decided to provide services to weedpreneurs, but others are leaving marijuana moguls high and dry. [WSJ Law Blog]
* “Students should seriously consider going to law school in a state where they plan to practice law.” Unless you like wasting your time, you’d do well to listen to this advice, even if you’re going to a school with national name recognition. [U.S. News & World Report]
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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.
* 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]