This week brought unfortunate news for an unambiguously gay duo. A former employee of Vanderbilt Law and his boyfriend pleaded guilty to stealing more than $500,000 from the law school — as well as to charges of aggravated statutory rape. Both men then got hit with some pretty heavy sentences.
How much time are they getting? How did they perpetrate their fraudulent scheme? And what did they blow the money on?
Keep reading for more details of their crimes, some color commentary from local correspondents, and photographs of some beautiful youths who used to hang out with the defendants….
I’ve said from the beginning that while the goals of the Occupy Wall Street crowd were not wrong, their tactics have been lacking. The denizens of “Wall Street” (at least not in its geographic form) didn’t cause the collapse of the American economy; they’re just trying to figure out how to profit from it. There’s been an entire legal structure erected to protect the banking industry; wagging your fingers at them isn’t going to do a whole hell of a lot.
And it’s not like “the banks” or whoever can’t fight back. Occupiers might be angry at Wall Street or corporate America or whoever, but it’s “the law” that will be in charge of actually crushing their little movement. The people in Oakland already saw what the police can do. And the police are just the storm troopers of the military-industrial complex. City ordinances, curfews, and unsympathetic judges: these are the people and things that can turn Occupy Wall Street into Alderaan.
But maybe the protesters are starting to understand the true power of the dark side. And maybe they’ll have some new hope if they get some fully trained lawyers on their side (as opposed to non-lawyer volunteers)….
Apparently these kinds of events need to happen more often, no matter how controversial they might be, because we still have law students out there who could double as pole-dancers (or worse).
One of our tipsters alerted us to an episode of TLC’s What Not to Wear — the world’s greatest guilty pleasure television show — that we seem to have missed when it aired last year. The show featured a 2L from a southern law school, but this girl dressed more like a prostitute facing arraignment (sorry, Reema) than the lawyer representing her.
So who is she, was she hot, what law school did she attend, and were Stacy and Clinton able to change this girl from a hooker to a looker?
Hot on the heels of support staff layoffs and on-shore outsourcing efforts at O’Melveny & Myers, we have news of another law firm doing the exact same thing. Except this law firm has figured out a way to do it with half the tears and way less relocation angst.
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: firstname.lastname@example.org.
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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