* According to a confidential report from Deloitte, another major firm is set to follow in Heenan Blaikie’s footsteps within the next year. The sheer number of “sorries” after another Canadian Biglaw collapse would be simply terrifying. [Legal Post]
* Dean Demleitner of Washington & Lee Law doesn’t think its 3L reform program is to blame for its decline in rank. It’ll “take five to 10 years for the benefits of the program to become apparent.” Oh, that’s great… for the Class of 2023. [Fortune]
* Here’s another look at the U.S. News rankings. Compare Nebraska and Hofstra. One shot up in rank and tuition increased slightly. The other sank like a stone and tuition skyrocketed. [WSJ Law Blog (sub. req.)]
* For the first time in years, the number of LSAT test takers has increased by a whole 1.1 percent year over year. We can guarantee law schools will fight to the death to enroll those 213 students. [LSAT Blog]
* Judge Judy has never sued anyone, but now she’s suing a personal injury firm for using her picture in its ads. Damages recovered will be donated to scholarships for women. Classy lady. [New York Daily News]
2012 was a poor year for us with regard to our employment numbers and bar passage rates. We have begun to address these issues through stronger bar support and changes in our approach to the employment market, and have already seen improvements in both areas for the Class of 2013.
* Merry Christmas! House Republicans will get one less lump of coal in their stockings this year after accepting a two-month extension of unemployment benefits and payroll tax cuts. [New York Times]
* Another birther lawsuit has been thrown out, but Orly Taitz won’t be stopped. She’s like the Energizer Bunny of questionable litigation. She’ll keep appealing, and appealing, and appealing… [Los Angeles Times]
* John Edwards is trying to delay his criminal trial, claiming to have a mystery medical diagnosis. What kind of disease does karma hand you for cheating on your sick wife? [New York Daily News]
Oh Hofstra Law, you didn’t think I’d forget about you, did you? The Pride? Home of the commenter formerly known as “Hofstra 2L” (may he rest in peace)? I’m a Long Island boy, don’t ya know.
Hofstra Law School will be renamed the Maurice A. Deane School of Law at Hofstra University, according to the New York Law Journal. For those not ankle-deep in Hofstra friends, here’s the new slang you need to know. A tipster reports: “Hofstra Law School (aka the OTHER HLS) is now the Maurice A. Deane School of Law at Hofstra University (aka the MAD School of Law).”
Straight outta Strong Island.
But the MAD Pride isn’t the only law school to accept big dollars in exchange for naming rights. As this trend continues, you wonder if any of this money being thrown around will benefit the actual students….
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: