* There’s been a changing of the guard at Sidley Austin. Carter Phillips, one of our nation’s preeminent appellate advocates, is now the sole chair of the firm’s executive committee after a one-year stint as co-chair. Congrats! [The Recorder]
* It looks like the trolls attorneys behind Prenda Law got benchslapped in the worst of ways — complete with a multitude of Star Trek references. We’ll likely have more on this later today. [Ars Technica]
* The California Supreme Court just ruined everyone’s high, because it ruled that cities and counties can ban medical marijuana dispensaries. Smoke ‘em while you’ve got ‘em, stoners. [Associated Press]
* Justin Bieber is being sued for copyright infringement, along with his musical mentor, Usher. Tween girl mob: ASSEMBLE! Defend your pop idol’s honor; after all, he just needed somebody to love. [Reuters]
* When it comes to medical marijuana prosecutions, the government is supposed to have “bigger fish to fry,” but it looks like even the Department of Justice couldn’t resist reeling in one last big catch. [New York Times]
* According to the results of this study, if you want to do well in law school, you should probably stop being so damn awkward, scale back your antisocial habits, and consider joining a study group. [National Law Journal]
* “[U]nder American law, anyone interesting is a felon.” This Columbia Law professor argues that the legal system failed Aaron Swartz because he was treated like a criminal instead of a deviant genius. [New Yorker]
* Porn stars in Los Angeles are challenging the constitutionality of being forced to wear condoms during filming — because the transfer of STDs is “constitutionally protected expression.” [Courthouse News Service]
* So, it looks like Lindsay Lohan fired her best gal pal in the world: her lawyer. But sometimes you have to fire people when you allegedly owe them oodles of money to the tune of $300K and you don’t have any. [Daily Mail]
I’m sure there will be other contenders for the honor teased in the title, but I’m having a hard time thinking of one. Last night, voters went to the polls throughout the country and made their voices heard through the time-honored practice of waiting six hours in line until 1:30 a.m. As the results trickled in, candidates, elected officials, and pundits tossed out a number of pithy reactions, but one takes the cake.
Governor John Hickenlooper of Colorado responded to the state’s passage of a ballot measure legalizing marijuana with this gem:
Don’t break out the Cheetos or Goldfish too quickly.
Now I think Hickenlooper is criminally underselling Bugles, but this is pretty amazing. That’s a sitting United States governor tossing out a rejected line from a Cheech and Chong movie. I love modernity.
But why does Hickenlooper think we should hold on to our munchies?
* Supreme Court Justice Ruth Bader Ginsburg may be the oldest member of the high court, but she’s still one bad ass bitch. She broke two ribs in June, and still fulfilled all of her duties on the bench. We <3 RBG! [Reuters]
* While merchants will now be able to charge more when customers use credit cards, they might not get much else from this Visa / MasterCard settlement because of an American Express catch-22. [New York Times]
* The Garden State just got a little greener (in a sticky icky way): starting today, doctors in New Jersey will be able to register their patients for the Department of Health’s medical marijuana program. [Star-Ledger]
* After some highly questionable opposition from government officials, the city of Macon, Georgia, has approved the placement of a park bench in memory of slain Mercer Law grad Lauren Giddings. [Telegraph]
* Kansas Law received a $1M donation to support scholarships. The dean is thrilled, because the school will be able to compete to attract and retain students who will someday be unemployed. [Lawrence Journal-World]
* The verdict is in on who reigns as the highest paid TV personality. Even if you pee on her leg and tell her it’s raining, Judge Judy will be able to afford the dry-cleaning bill, because she’s loaded. [New York Daily News]
* Even if you’re a ho fo’ sho, that doesn’t mean you can’t do business in a ho-tel, mo-tel, or Holiday Inn. An Australian court ruled that denying prostitutes rooms was discriminatory. [International Business Times]
* Dewey know how deep in the red D&L’s international operations were? Enough to make you shout bloody hell and sacré bleu: the U.K. and Paris offices had liabilities of at least $175M. [Financial Times (reg. req.)]
* “To the extent that we the estate have claims, we would like to settle those claims sooner rather than later.” The joke’s on you if you thought you’d be able to keep your Dewey defector money. [Wall Street Journal (sub. req.)]
* According to the allegations in former Cravath associate Ellen Pao’s sex discrimination suit against venture capital firm Kleiner Perkins, the “Mad Men” culture seems to be alive and well in Silicon Valley. [New York Times]
* Who will be the first to puff, puff, pass the vote — Obama or Romney? It looks like the path to the White House in Election 2012 might depend upon the legalization of marijuana in key states like Colorado. [Reuters]
* Apparently you can’t take the “duh” out of “Flori-duh” when it comes to voting laws without a fight in the courts. A federal judge has blocked portions of the Sunshine State’s “onerous” voter registration law. [Bloomberg]
* “People want to go to our school, and why should we say no?” Because they can’t get jobs? Northwestern Law is considering shrinking its class sizes; John Marshall Law, not so much. [Crain's Chicago Business]
* Stop crying about coming in second in the U.S. News rankings, Harvard, because you can still brag about beating Yale in having the most-cited law review articles of all time… for now. [National Law Journal (reg. req.)]
* Gloria Allred is representing one of the Miami “zombie’s” girlfriends for reasons unknown. Maybe the zombie apocalypse is truly upon is and she saw an opportunity to stand up for undead women’s rights. [CBS Miami]
Last week, the hacker who became famous as the first person to “jailbreak” an iPhone was booked and charged with felony marijuana possession, police in Sierra Blanca, Texas, told Above the Law. George Hotz was heading to the annual SXSW conference in Austin when he was arrested.
Hotz joins a star-studded list of people busted for pot at the infamous border patrol checkpoint in the small West Texas town.
Let’s learn more about Hotz, his brush with Texas justice, and the legally questionable drug-busting strategy employed by local law enforcement in Sierra Blanca…
* Occupy Wall Street supporters, please take note: this is how you stage a protest. Yesterday’s internet blackout definitely made lawmakers think twice. SOPA bill backers dropped like flies. [New York Times]
* A judge has nixed Duncan Law’s request for injunctive relief against the ABA. Because really, what’s the harm in a memo about a lack of accreditation when you never had it in the first place? [ABA Journal]
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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