Is having your back-office functions handled on-site — i.e., in the same location as the lawyers being serviced — now a luxury? More and more law firms are adopting the model of sending their administrative support functions to lower-cost locations.
Thanks to advances in technology, it’s no longer necessary to have your back office in the same pricey place as your lawyers. And it’s not surprising that firms are going in this direction when you consider the cost savings involved.
Which law firm expects to save millions of dollars a year by sending support staffers to the land o’ lakes?
* The Eighth Circuit axed a $900K jury award after a lawyer recounted her tale of sexual harassment by a law professor at Drake University Law during closing arguments. Well, that sucks, but we’d really love to know which professor this was. [ABA Journal]
* If flat is the new up, then mergers must be the new growth. The new year is upon us, and law firms are on track to either meet or break the merger record set in 2013. Thus far, 22 firms have announced mergers or acquisitions in 2014. [Washington Post]
* A lawyer in Minnesota who’s been in trouble with the bar quite a few times was recently charged with setting his girlfriend on fire. Yikes, someone’s way too excited about the Fargo mini-series. [Star-Tribune]
* Oscar Pistorius took the stand in his murder trial yesterday, revealing that when he killed his girlfriend Reeva Steenkamp, he was really trying to protect her. This case gives us the sads. [New York Times]
* Sorry we’re not sorry about the toupee: Paramount wants this Wolf of Wall Street suit dismissed since it’s undeniable the plaintiff was part of “bizarre travesty that was Stratton Oakmont.” [Hollywood Reporter]
* A Minnesota court ruled that it is not a crime to encourage people to commit suicide. So… keep commenting assholes, just know that you’ll feel really bad if I do it. [Gawker]
* I might be in the market for a used car, and I’m hoping to get a really good deal on one of these “recalled” GMs. I hope the DOJ doesn’t screw up my plans. [Reuters Legal]
* Speaking of cars, Alan Dershowitz calls for vigorous prosecution of reckless drivers. I call for vigorous prosecution of any box-blocking suburbanite who drives around Manhattan on a Saturday like they’re cruising to the country fair. [ABA Journal]
* Alabama thinks that people over 70 should be excused from jury duty. YES, they deserve to be excused and I hope they burn in Hell! [WSJ Law Blog]
Driving while drunk is wrong. I’m not going to dispute that. In fact, that’s why I live in New York, where my drinking habit hobby can never put anyone at risk. Except me, I suppose.
And the drive to drive drunk-driving incidents down further is in full swing, with the National Transportation Safety Board suggesting that states reduce the legal limit for driving to .05% — the level of intoxication achieved by inhaling while walking past a bar.
That said, are there ever any exceptions to the ironclad rule? And might one of those be fleeing an attacker?
* Underneath this jurist’s robe you’ll find a sling. Justice Stephen Breyer had to have shoulder replacement surgery this weekend thanks to his latest bike accident, but he’s expected to make a full recovery. [Associated Press]
* A Ninth Circuit judge has ruled that an assistant federal public defender and her wife are entitled to federal health benefits. Take that, DOMA. [Courthouse News Service]
* Judy Clarke, one of the nation’s best capital defense lawyers, will be joining Dzhokhar Tsarnaev’s legal team. She’s pretty good at keeping people alive, but we’ll see how this one goes for her. [Bloomberg]
* The ABA may do away with faculty tenure requirements for accreditation. No security of position? It looks like there’s a storm coming, law professors, so go get your bread and milk! [National Law Journal]
* “Gay marriage? Hell no, let’s make all marriages civil unions.” Minnesota senators want to put couples on an even playing field — one that isn’t recognized by the government. [WSJ Law Blog (sub. req.)]
* If you’re at NYU, the Law Review has been holding out on you with a private stockpile of outlines. Prometheus brings them to the masses. I don’t know why this person chose a terrible movie for a pseudonym. [PrometheusNYU] UPDATE: We crashed that link…here’s the new one.
* If you’re doing your taxes in Minnesota, you’d better be using H&R Block, because the authorities have warned taxpayers not to use TurboTax. [Tax Prof Blog]
* Burglar foiled by “supernatural figure.” [Legal Juice]
* Judge Dolores Sloviter, the former Chief Judge of the Third Circuit, announced that she’s taking senior status. That should lighten the load on her law clerks… [Legal Intelligencer]
* Earlier today, Staci was on HuffPo Live talking about the plight of recent law school graduates. Video after the jump….
* Conflict of interest? What conflict of interest? We didn’t have a conflict of interest! Covington & Burling is appealing its disqualification from representing Minnesota in a suit against former client 3M. [Capital Business / Washington Post]
* “If I sent my résumé through the firm, I wouldn’t get looked at.” Knobbe Martens Olson & Bear is hiring so many awesome associates that the firm’s managing partner doesn’t even know if he’d stand a chance. [National Law Journal]
* Doug Arntsen, the ex-Crowell associate who stole $10.7M in client funds and spent it at strip clubs, was sentenced to four-to-12 years in prison. [New York Law Journal]
* Music to Benula Bensam’s ears? In a case of dueling sentencing memos, prosecutors want Rajat Gupta to spend 10 years in prison, but his own lawyers want him to be sent to Rwanda. [DealBook / New York Times]
* Donald Polden, the dean of Santa Clara Law, will be stepping down at the end of this academic year. Hope they’ll be able to find a new dean, because every “influential” school needs one. [San Jose Mercury News]
* “Enough is enough.” Come on, Togut, did you really think all of the Dewey drama was going to end just because the judge approved your settlement plan? Now he’s trying to get the former partners committee disbanded. This won’t end well. [Am Law Daily]
* Covington & Burling was disqualified from representing Minnesota in the state’s anti-pollution case against ex-client 3M over a conflict of interest. A “conscious disregard” of professional duties? This is 1L stuff, really. [Twin Cities Pioneer Press]
* Remember J. Michael Johnson, the former dean of Louisiana College Law who resigned for a “great job offer” before the school even opened? He’s now senior counsel for the ultraconservative Liberty Institute. [Alexandria Town Talk]
* “If you’ve been hit by a table, ladder, or chair, call David Otunga.” What has this Harvard Law grad turned WWE wrestler been up to, aside from filming commercials at criminal defense firms? [City Sentinel]
* “The argument is absolutely absurd.” An ex-high school coach accused of having sex with a student wants Oklahomas’s ban on student-teacher relationships overturned as unconstitutional. [Alva Review-Courier]
After what feels like years of schools trying to regulate every aspect of children’s social media lives, it looks as though we may have finally hit a threshold. There may actually be an electronic bridge that schools cannot cross in their attempts to spy on educate underage students.
In a particularly egregious case, a Minnesota federal court handed down a ruling that protects off-campus speech and prohibits schools from forcing students to hand over private login information. The ruling will hopefully put the kibosh on a practice that never should have been acceptable to begin with…
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: