If you were to ask lawyers to name some lucrative practice areas, immigration law would probably not top many lists. While there are some elite firms that do immigration law for corporations or high-net-worth individuals (and charge a pretty penny for their services), many immigration lawyers are more dedicated to helping their clients over their bank accounts.
But some immigration lawyers with their own firms do very, very well for themselves. Take, for example, the one who just sold his Tribeca apartment for a cool $3.6 million — to a pair of poker champs, so presumably they got a fair deal.
The buyers might have paid a reasonable price, considering the fabulosity of the unit. But the seller still earned a seven-figure profit on the transaction….
[T]he city’s highest officials have turned a blind eye to the evidence that officers are conducting stops in a racially discriminatory manner. In their zeal to defend a policy that they believe to be effective, they have willfully ignored overwhelming proof that the policy of targeting “the right people” is racially discriminatory and therefore violates the United States Constitution.
325 West 52nd Street: modest on the outside, fabulous on the inside.
These are challenging times for print journalism. The Boston Globe, which the New York Times acquired in 1993 for $1.1 billion, recently sold for $70 million (or perhaps negative $40 million, as Matt Yglesias suggests). Jeff Bezos just bought the Washington Post for $250 million, a fraction of its former worth (and he may have paid four times its true value).
But print journalism was good to many people for many years. In the glory days of magazine writing, publications would pay several dollars a word for features that were thousands of words long. These generous fees might explain how a prominent magazine journalist amassed enough cash to buy a four-bedroom apartment Manhattan, which he recently sold to a law firm associate for just under $2 million.
That’s a sizable chunk of change for a young lawyer. How many sixth-year associates can afford $2 million apartments? Let’s learn more of the facts….
A few months back, we covered New York State’s unfortunate decision to engage in base IP trolling. The state farmed out its rights to a property rights management firm, who then started bringing outrageous claims alleging violations of Albany’s trademark on “I ♥ NY.” Specifically, the firm in question not only pressured a coffeehouse into ending its “I [coffee cup] NY” campaign, but then asked for an accounting of the profits to calculate a damages claim.
Sadly, New York has not since exited the trolling world.
A couple weeks back, a new set of attorneys for the New York State Department of Economic Development — the agency holding the trademark — sent a threatening letter to a model train manufacturer.
Ed. note: We are having an Above the Law retreat this afternoon, so we may be less prolific than usual today. We will return to our regularly scheduled programming tomorrow.
* “I think I am now the hardest-working justice. I wasn’t until David Souter left us.” Justice Ginsburg celebrates her twentieth year on the high bench in true diva style. [USA Today]
* Sorry, EA, the Ninth Circuit thought your First Amendment free expression defense to allegedly stealing college sports players’ likenesses was a load of hooey. [Wall Street Journal]
* “It’s a decision that clearly favors the merchants.” A federal judge gave the Fed a spanking in a ruling on its cap for debit card fees earned by banks after consumer swipes. [DealBook / New York Times]
* The firm that outed J.K. Rowling as author of “The Cuckoo’s Calling” will make a charitable donation as an apology — getting the book to the bestseller’s list wasn’t charitable enough. [New York Times]
* As the bar exam draws to a close today, here’s something to consider: 12,250 people signed up to take the test in New York alone. Are there jobs out there for them? Best of luck! [New York Law Journal]
* Cleveland kidnapper Ariel Castro is expected to speak at his sentencing hearing today, where a judge will decide if a term of life in prison plus 1,000 years is appropriate punishment for him. [CBS News]
* Under the leadership of emergency manager Kevyn Orr, Detroit is now the biggest U.S. city to declare bankruptcy in history. Unfortunately, not even the strict Jones Day dress code could save them. [Am Law Daily]
* As one of our columnists David Mowry told us weeks ago, New York wants to close the justice gap by looking to the state’s best untapped resources for pro bono work: in-house counsel. [New York Law Journal]
* Law schools are officially ready to scrape the bottom of the barrel when it comes to filling their classes. Some are now accepting first-time June LSAT scores for fall admission. [National Law Journal]
* Our managing editor, David Lat, comes to the defense of fictional representations of the law, but seeing as he’s writing a fictional legal novel, we think he’s kind of biased. [Room for Debate / New York Times]
* Mobsters really don’t like rats, and it looks like someone who was planning to testify against Whitey Bulger may have been whacked after having been dropped from the prosecution’s witness list. [CNN]
I feel like everybody complains about the place where they take the bar exam, and everybody is right. It’s like that line in Office Space where Ron Livingston says that every day is worse than the last, so every day is the worst day of his life. Every test center is the worst test center in the country because that’s the test center you are in, or if you are lucky, that’s the test center you were in that one time.
Sure, we’ve done stories about people who have taken the bar in a barn, and I imagine that taking the bar in an earthquake zone is pretty terrible, but for me, the worst test center is the Jacob Javits Convention Center on the West Side of Manhattan.
It’s cold even when it’s hot outside, it’s ugly, and it’s cavernous. It leaks. It’s just an altogether horrible place to spend two days taking the most important test of your life.
And there’s no food [cue Walrus music]. But at least that is about to get better…
In case you’re not already well aware, a punishing heat wave has been pummeling the East Coast for days. It is freaking HOT out. There’s nothing quite like walking outside of an air-conditioned building and getting punched in the face with a burst of swelteringly humid air. Seriously, there hasn’t been a single day this week when the temperature hasn’t reached the upper 90s. People — especially in New York — are pissed off in general that they have to be alive and function as human beings right now.
You can imagine how pleased these folks must be when they have to attend to their own legal wranglings during this time of extreme weather. Because if you like the justice system, then you’re going to LOVE it when you’re dripping with sweat inside of a courthouse.
What better way to soothe the already angry mob than to throw bed bugs into the mix?
I wrote last week about my participation on a statewide panel on in-house attorney registration and pro bono work. As stated, Chief Judge Lippman and Judge Graffeo of the New York Court of Appeals, are spearheading the effort to have all New York in-house counsel, who are not admitted in New York, register with the courts. The State Legislature has gone further and has passed legislation making it a felony to fail to so register. In other words, starting November 1 of this year, failure to register can get you a charge of unlicensed practice of law (“UPL”). The resulting comments to this news ranged from snarky to ignorant. My suggestion to those that this upsets would be to suck it up, because the times they are a-changing.
As attorneys admitted in New York, we knew what we were signing up for when we joined the Bar. Pro bono work is a duty, not something to be swept under the rug with a “too busy, sorry.” An estimated 2.3 million people going unrepresented in New York is not only sad, but unnecessary. And law firms can only pick up so much of the slack. They have their own issues with pro bono, but at least give lip service to attempting to assist. In-house counsel are an untapped reservoir of capable attorneys who can at least act as a drop in the bucket of a pool of folks in need of representation…
* You think you know Justice Clarence Thomas, but you have no idea. Here are several myths about the silent Supreme Court star that he was capable of busting in just this term alone. [WSJ Law Blog (sub. req.)]
* According to the CBO, the immigration reform bill being considered in the Senate would allow eight million immigrants to gain legal status and lower the deficit by billions. But alas, dey still terk er jerbs! [NPR]
* Google is doing its best to try not to be evil by asking the FISA court to ease up on gag orders preventing the internet giant from telling the world about what it’s required to give to the government. [Washington Post]
* Florida firm Becker & Poliakoff will withhold 20% of equity partners’ pay, a move that made some lawyers cry. The firm is apparently planning to save the cash for a rainy day. [Daily Business Review]
* Paul Mannina, an attorney with the Labor Department charged with sexually assaulting a coworker, was found in his cell with his throat slashed. Police are investigating the death. [Washington Post]
* FYI, your aspirational pro bono hours — or complete and utter lack thereof — will now be public record in New York, and you must report them on your biannual registration forms. [New York Law Journal]
* Coming soon to a law school near you: really old books from the 13th century that’ll probably turn into dust if you dare try to read them. You can find this nerdgasm over at Yale Law. [National Law Journal]
* The family of Lauren Giddings, the slain Mercer Law graduate, has filed a $5 million wrongful death suit in federal court against accused killer Stephen McDaniel in the hopes of finding her remains. [Telegraph]
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: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
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