* What to do when your federal agency’s website has been hacked by Anonymous and you’re unable to post a major report online for public dissemination? Well, just ask a law professor to do it for you on his blog; that’s not embarrassing, not at all. [WSJ Law Blog]
* The many victims of the Deepwater Horizon disaster can now rejoice, because yesterday, Transocean pleaded guilty to violating the Clean Water Act, and will pay the second-largest environmental fine in United States history to the tune of $400 million. [CNN]
* Money takes flight: eleventy billion Biglaw firms are behind the beast that is this awful airline merger, but taking the lead are lawyers from Weil Gotshal for AMR and Latham & Watkins for US Airways. [Am Law Daily]
* After questioning the validity of one of the NBA players union’s contracts, Paul Weiss is withholding details about it thanks to the government’s intrusion. Way to block nepotism’s alleged slam dunk. [New York Times]
* “When is the last time you took the biggest financial institutions on Wall Street to trial?” Elizabeth Warren took the Socratic method to the Senate Banking Committee and she was applauded for it. [National Law Journal]
* If you liked it, then perhaps you should’ve put a ring on it, but not a Tiffany’s diamond engagement ring that you’ve purchased from Costco, because according to this trademark lawsuit, it may be a knockoff. [Bloomberg]
* “We feel very badly for Megan Thode.” A Pennsylvania judge ruled against the Lehigh student who sued over her grade of C+ because let’s be serious, did ANYONE AT ALL really think he wouldn’t do that?! [Morning Call]
Celebrity opinions are the worst. On this, I think we can all agree. Unlike our pundit class, celebrities have very few advanced degrees and are never held to account for their prognostications. When a talking head on TV or the internet or even books gets something wrong, he’s fired immediately. The marketplace of ideas demands nothing less. Someone more inclined to bad puns would say that as a marketplace, being fired for being wrong is more than laissez… fair.
And so we hate celebrities mouthing off like they are wont to do because they don’t get fired from their jobs when they’re wrong. This is especially true of the sports world, where the famous people not being fired for voicing opinions also represent our favorite teams, like the Chicago Bears. Or even our least favorite teams, like the Syracuse Orangemen.
Syracuse basketball coach Jim Boeheim spoke out about gun control this week because a bunch of children were murdered recently and a bunch of microphones were stuck in his face. The men holding the microphones said, “Hey Jim, let’s talk sports.”
Jim didn’t want to talk sports. Let’s talk sports….
Two porn stars made a “bet” on Twitter that they’d perform oral sex on fans of the Miami Heat if the team won the NBA championship. I’m not sure what these ladies agreed to do if the Heat lost; I’m going to pretend that they promised to “go back to college and blow your minds,” because I like the thought of LeBron being blamed for ruining their chances at an education.
In any event, the Heat won, and the women committed to going through with their dare. They set up a website, TeamBJNBA, to promulgate the rules of their free giveaway — because if they were paid to service the fans, THAT would be wrong and illegal.
But it appears that the NBA noticed their branding. I can only imagine the kind of person who would be confused into thinking that the NBA now sponsored BJs for fans of championship teams… though if they did, I suspect interest in the league would increase exponentially. The NBA moved to stop the giveaway, but you can’t keep good girls up off their knees.
Details, pictures, silicone, and notes on how to retrieve your champion rewards to follow….
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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