* In case you missed this piece of news amid yesterday’s Supreme Court madness, the Tenth Circuit found Utah’s ban on gay marriage unconstitutional. It’s the first federal appeals court to make such a ruling. Hooray! [New York Times]
* “Just about everyone he came in contact with, he managed to corrupt.” Paul Daugerdas, formerly of Jenkins & Gilchrist, was sentenced to 15 years for his role in an $8B fraud scheme. [Businessweek]
* Despite what you may have been led to believe, not all patent awards are as high as those you see in media headlines. Fewer than 2% of infringement cases even result in damages. [National Law Journal]
* When is it okay to turn down a Biglaw offer and head to a plaintiffs firm? Probably when you’re planning to file a massive class-action suit against the MLB on behalf of minor leaguers. [St. Louis Post-Dispatch]
* William Mitchell Law’s new J.D. program is the first of its kind to be approved by the ABA. It’s half online, half on-site (does 9 times count as half?), and we see more like this coming down the line. [U.S. News]
Shortly after I was hired to write terrible Morning Docket entries for this website, I went to one of those ATL holiday shindigs in New York. Free booze and the chance to hobnob with the kind of people I actively shunned during law school was too great an opportunity to pass up. When I arrived at the bar, I scanned the room for my website superiors. I quickly spotted Lat, breakdancing in front of the jukebox and screaming lines from the movie Chairman of the Board. Perhaps I’ll introduce myself another day, I thought. Elie was a little harder to find. Is that him? What about him? He could be anyone, I said to myself. Trapped in a room of Elie clones.
I began to strike up conversations with everyone.
It wasn’t until the wee hours of the morning that I began chatting with a meek, retiring fellow. I had to lean in to hear his thoughts as he spoke in something barely above a whisper. Whenever I asked this man a question, his responses were peppered with equivocations like “Well, I don’t know” or “That’s complicated.” A hard man to pin down, this one. But the elegant subtlety of his opinions intrigued. Enraptured by this humble man’s quiet reserve, I was shocked when he apologized profusely for his poor etiquette and introduced himself. “I’m Elie Mystal.”
Naw, just playing. Yesterday, Elie sent me an email that began “Defend YOUR BOY now! And by “your boy,” I mean Alex Rodriguez.”
We’re going to talk about a$$holes today, class. Specifically, we’re going to talk about the way in which our society exalts certain bullies — the successful ones, I guess you’d say. If you’re laboring under a mountain of garbage work at a big law firm right now, you’ve probably run into a few of these. They’re your bosses. Because, if there’s any rule more reliable than gravity, it’s that the legal profession is thick with barely-functioning sociopathic goons who are sadistic to a degree rarely seen on Animal Planet. These a$$holes are lauded for their rainmaking potential and their ability to camouflage any recognizably human trait hidden deep within themselves. They are terrible and they probably run your life. So it goes.
But another class of individuals not far removed from the Biglaw freak show are those coaches (especially football) who are recognized as geniuses. Those successful coaches who look across the human landscape and only see so much raw material. So many interactions that must be scripted and manipulated in order to win some g-danged ball games. Genius has never been so depressingly common. But it’s from this class of individual that we build great hoary temples of cliche. Management principles, warfare strategies, motivational seminars, successories, visualization and actualization. This mountain of detritus is sustained by a steady stream of manure emanating from our nation’s greatest a$$holes. This, of course, is not meant to tar all coaches with this brush. Many coaches manage to retain some shred of their humanity while navigating the make-believe combat of their chosen sport. These coaches are usually losers, of course. But still. They exist.
Mike Gundy is not one of these exceptions. Mike Gundy is an a$$hole.
As baseball fans are well-aware, the San Diego Padres don’t have a very good record. At 15 games below .500 this year, they’re the second-worst team in the National League West, the fourth-worst team in the National League, and the fifth-worst team in all of MLB right now. The Padres have only won the National League Pennant twice, but lost in the World Series both times. They’re the only team in MLB to never record a no-hitter. To be frank, the Padres suck.
Why anyone would want to apply for a job working with the Padres is simply beyond me. Why that same person, a law student at the time, would apply for a job with the Padres at least 30 times puts her in wackadoodle territory. But who am I to judge?
Anyway, eventually people get sick of receiving rejection letter after rejection letter after rejection letter — or in most cases, no rejection letter at all. These days, people don’t even have the courtesy to tell you to go f**k yourself. I’m sure recent law school graduates can commiserate.
But after applying and being summarily rejected for an extremely low-rent job with the Padres, this former law student had absolutely had it. She was mad as hell, and she wasn’t going to take it anymore. The result? Possibly the best email ever sent from a repeatedly rejected job seeker….
We have good news for Morgan, Lewis & Bockius associates. Salary information is in and most people are getting raises. True-up raises at that. The class of 2008 pulled the short straw, but everybody else seems relatively happy. A tipster reports:
Please post that yesterday MLB essentially unfroze salaries (most ’08 grades only went up to 165 though) but otherwise made everyone whole, retroactive January 1, 2010.
The double-bump raise for veteran associates comes a couple of months after MLB announced big time raises for a select few associates — while most of the firm’s associates were left to wait and wonder. In January, we reported this message from Morgan Lewis Chairman, Francis M. Milone:
After considering all of these factors, we awarded base salary increases of up to $25,000 and incentive bonuses of up to $35,000 to our highest performing associates. As I advised in my November video presentation, we did not reduce associate base salaries.
According to the firm, the decision to give true-up raises to mostly everybody is in keeping with MLB’s new merit-based strategy …
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: