(1) Monopolies are generally illegal.
(2) Like baseball, patents make monopoly laws get a little funky.
(3) Courts really really really like to encourage settlements.
So, when two companies get together, and work out a settlement that makes a whole patent infringement lawsuit go away, and the only objection is that pesky Federal Trade Commission complaining that the settlement is anticompetitive, you can understand why a federal court could meditate on points (2) and (3) and dismiss that FTC complaint.
Yet, in FTC v. Actavis, the Supreme Court yesterday made it harder to settle some patent infringement suits, saying that sometimes a settlement of a lawsuit can be an antitrust problem.
If Congress wants lessons on how things work from Jamie Dimon, they should have to pay him a speaker fee or something.
* Another year, another survey that shows prospective law students care more about the U.S. News Law School Rankings than anything else when applying to law school. In fact, it’s the exact same number from 2010. Kids are dumb. [Kaplan]
* Everybody is worried about what will happen when computers replace attorneys. I’m much more interested in what will happen when computers replace hookers. [The Atlantic]
* If watching our Congress ask idiot questions of Jamie Dimon doesn’t make you feel like we need vastly more intelligent Congresspeople, maybe watching them fawn over Jamie Dimon will do the trick. [Dealbreaker]
* I really hadn’t thought of this — in addition to your huge educational debts, your parents are most likely out there spending your inheritance. I swear, if I ever spend money on more education, it’s going to be on a post-apocalyptic survivalist class. [Law and More]
* Former TSA lady gropes current TSA lady after inappropriate groping from TSA. [Threat Level / Wired]
* In real life, unlike Monopoly, a bank error is never really in your favor. [Legal Blog Watch]
* Do the Republicans have an abortion problem? [New Yorker]
* Happy Birthday, Lat! Check out the very cool gift (affiliate link) that he received in the mail today — signed by one of the authors. [Twitpic via Twitter]
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
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 seven years. You can reach them by email: email@example.com.
We at Kinney Asia have made a number of FCPA / White Collar US associate placements in Hong Kong / China thus far in 2014. Most of such placements have been commercial litigation associates from major US markets, fluent in Mandarin, switching to FCPA / White Collar litigation. Some have already had FCPA experience, but those are difficult candidates for firms to find (this will change in coming years as US firms are now promoting FCPA / White Collar to their 2L summers who are fluent in Mandarin and have an interest in transferring to China at some point).
Legal Week quoted Kinney’s Head of Asia, Evan Jowers, extensively in the following relevant article here.
There is a new trend in the market, though, where mid-level transactional US associates, fluent in spoken Mandarin and written Chinese, are interviewing for and in some cases landing junior FCPA / White Collar spots in Hong Kong / China at very top tier US firms.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.