This Villanova scandal is going to get uglier before it finishes. On Friday, we reported that John Y. Gotanda, the dean of Villanova Law School, sent a letter to students and alumni in which he revealed that the school reported inaccurate admissions information to the American Bar Association.
The letter was light on specifics. According to comments made by a Villanova spokesperson to the ABA Journal, the problem involved Villanova providing the ABA with incorrect LSAT and GPA numbers.
The Villanova administration has not yet disclosed exactly what data was inaccurate, who was responsible, and what the school is doing to make sure that this kind of thing won’t happen again. That could be because the school is still investigating the full scope of the problem.
But Villanova students and faculty members are talking. Here’s what we’ve heard so far…
In a letter just released to students and alumni of Villanova University School of Law, Dean John Y. Gotanda admits that Villanova Law knowingly reported inaccurate admissions information to the American Bar Association, for years prior to 2010.
The school has conducted an internal investigation and has been independently audited by Ropes & Gray. In response to the investigation and audit findings, the school will reorganize its admissions reporting process, with the goal of implementing “a reporting system which is above reproach.” In addition, according to Dean Gotanda’s letter, “the University will hold those responsible accountable for their actions.”
Sadly, this is not the first scandal that has rocked the law school in recent years….
We did NOT, contrary to popular belief, celebrate like munchkins [rejoicing in] the Wicked Witch’s death when the “Peanut Girl” transferred — but we are definitely doing so now (unless, of course, Dean Sargent is ill — in which case we wish him the best).
Sadly, Dean Sargent may be ill; he is stepping down for “personal and medical reasons.” We wish him a speedy recovery. We also hope his successor is similarly skilled in the use of the “reply all” function.
Read the announcement, from Villanova President Peter Donohue, after the jump.
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.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: