Now that Eric Holder has announced his departure as attorney general, talk has turned to who his successor will be — and should be. Early buzz has centered around Solicitor General Donald Verrilli, but there are other compelling candidates as well, including lots of legal luminaries that Above the Law readers will recognize.
Who will be our nation’s next AG? And who should be the next AG? Let’s discuss….
Let me prove that I’ve learned a little about this blogging business over the years: Before the jump, I’ll give you my personal thought or two about introducing prominent speakers. I’ll hold the good stuff — what Fitzgerald, the famous guy, said — until after the jump. (Watch this, Lat! They’ll be drawn through the jump like vultures to carrion!)
How do you introduce a prominent speaker? You can do it the usual way: He went to school, got a job, and did some fancy stuff, zzzzzzzz.
Or you can find something offbeat about the person. I chose to introduce Fitzgerald by saying that I was afraid that our speaker had peaked too young. He had been named one of the sexiest men alive by People magazine in 2005; how do you ever surpass that? And, also in 2005, he had received an award from Washingtonian magazine for “best performance without a script.” For most people, it’s all downhill from there.
Fortunately, our speaker managed to surpass his early achievements. And then I trotted through what must be the usual litany in a Fitzgerald introduction: Led the prosecutions of former Illinois Governors George Ryan (sentenced to five years) and Rod Blagojevich (14 years) and a bunch of others.
That was my contribution to the hour. But, you might ask, what did the famous guy have to say?
When renowned federal prosecutor Patrick Fitzgerald stepped down as U.S. Attorney in Chicago, he reacted skeptically to the suggestion that he join the dark side jump over to private practice and become a defense lawyer. When asked about this at a press conference regarding his departure, he quipped, “Can you see me as a defense attorney?”
Well, pooh-poohing something isn’t the same as rejecting it out of hand. Yesterday brought news that Pat Fitzgerald will be entering private practice after all.
Yesterday brought some big news out of Chicago. Renowned federal prosecutor Patrick Fitzgerald — who successfully prosecuted such figures as Governor George Ryan, Governor Rod Blagojevich, White House adviser Scooter Libby, and media mogul Conrad Black — announced that he will be stepping down as U.S. Attorney for the Northern District of Illinois. Fitzgerald’s resignation will take effect on June 30.
I had the pleasure of meeting Pat Fitzgerald in October 2007, when he spoke at our alma mater, Regis High School (which he graduated from before going on to Amherst College and Harvard Law School). During the question-and-answer session for his talk, I alluded to his celebrity status and asked him: “What’s next for Patrick Fitzgerald?” I tossed out several possibilities, such as running for political office or working as a male model (in light of his 2005 designation by People magazine as one of the sexiest men alive).
The straight-laced, self-effacing Fitzgerald — who spent his entire talk discussing cases, saying practically nothing about himself — seemed slightly uncomfortable at having the spotlight on him in such a personal way. He diplomatically dodged my question, saying something about how he was just focused on doing the best job possible as U.S. Attorney. This was very proper of him, even if a bit boring.
My question to him, posed back in 2007, was just a hypothetical. But now it has turned actual: What is Pat Fitzgerald going to do next?
Ex-Governor Rod Blagojevich was accused of trying to sell President Barack Obama’s former Senate seat in Illinois. The U.S. Attorney for Chicago, Patrick Fitzgerald, seemed to have some great evidence — tape recordings of Blagojevich engaging in apparent wheeling and dealing (and uttering a fair amount of profanity).
Today, on the fourteenth day of jury deliberations, the jury found the former governor guilty on count 24 of the indictment, making false statements to federal agents, in violation of 18 U.S.C. § 1001. The maximum penalty is five years of imprisonment. This makes Blagojevich a convicted felon.
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: