This stock photo of a leather-clad woman motorcyclist is topical rather than gratuitous, we’re sorry to say.
Isn’t it nice when appellate courts hear oral argument at law schools? It’s great for bench-bar relations for the judges to leave their marble palace and spend some time with the legal community. It’s great for law students to see what real-world litigation looks like without having to leave campus. It’s generally a win-win situation for all involved.
But a recent calendar at a New York law school didn’t go so smoothly. The legal profession has a sexism problem, but there’s no need for judges to demonstrate it by directing sleazy quips at women lawyers arguing before them….
(Please note the UPDATE, featuring the identity of the judge in question.)
Well, the bonus scale has been set. Cravath led — by copying their bonus payments from last year — and now everybody is following. I’m on record saying that these bonuses are underwhelming and disappointing.
Gone are the days where the first-year bonus represented a significant chunk of your law school debt. Sure, you can pay down some interest with your bonuses, or you can prudently save it, or maybe even invest it. But you can also blow it. I mean, it’s a “bonus,” right? In this depressed market, your bonuses look less like deferred compensation and more like “found money.” Instead of making a fiscally sound decision, using your bonuses for profligate, discretionary spending might make you feel better. (Disclosure: Elie Mystal is not a registered financial adviser and is too… stupid to follow a budget.)
Bonuses range from $10,000 for first-year associates to $60,000 for senior people. Professor Paul Caron of Tax Prof Blog tells me that associates can expect to take home about 60% percent of that, depending on where they live and how many dependents they have.
What can a young lawyer buy with that? In addition to what’s in the ATL holiday gift guide, here are 10 things…
Earlier this week, we started getting a few tips about an incident down in Texas alleging some pretty interesting police misconduct. In a nutshell, a motorcyclist says he was pulled over for no reason, then ordered by a Dallas Sheriff’s officer to give up his helmet camera as “evidence” for crimes committed by other motorcyclists on the road. When the man refused, the cop allegedly decided to arrest him on false pretenses.
Normally, this kind of thing would quickly devolve into an endless case of he said-she said. The situation here is different because — whoops — the helmet cam recorded the whole exchange.
Keep reading to see the video, as well as coverage of the situation from local Texas news. From where we sit, it doesn’t look too good for the officer….
Riding a motorcycle is dangerous for a lot of obvious reasons. Namely, motorcycles, compared to other common modes of transport, come with an above-average risk of crashing and dying.
That said, when young men tell their parents they want to buy a motorcycle, their mothers’ frantic “please don’t buy one” speeches generally don’t include the risk of Motor Boner. One Bay Area bike dude (no, not this bike dude) allegedly has a pretty bad case, though. And that’s why he is suing the maker of his BMW motorcycle. Keep reading to learn more about this extraordinarily sensitive Lawsuit of the Day….
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: