* “We know in our hearts that for the United States of America, the best is yet to come.” Barack Obama was re-elected as president. Bring on the hope and change! No, seriously. [New York Times]
* In news that shouldn’t come as a surprise, regardless of who won the presidential race, there are still post-election voting issues that will likely be resolved in the courts. [Blog of Legal Times]
* But what we really want to know is who will be our country’s next attorney general. Because if anyone can fill Eric Holder’s shoes, it’s Preet Bharara, the U.S. attorney for the S.D.N.Y. [WSJ Law Blog]
* In other important news, several states approved gay marriage ballot initiatives, and others legalized marijuana. But hopefully you don’t have a case of the munchies yet — federal law still says it’s illegal. [CNN]
* They helped American citizens “ba-rock” the vote: hundreds of law students from around the country rallied around the craziness of Election Day to volunteer their assistance to worthy causes. [National Law Journal]
* Biglaw firms in NYC are still reeling after Hurricane Sandy. While WilmerHale set up temporary offices last week, both SullCrom and Fried Frank could be out of commission for weeks. [Reuters; New York Times]
* At this point, in-house counsel are kind of like the McKayla Maroneys of the legal profession, because they are seriously unimpressed with outside counsel’s efforts to improve services and fees. [Corporate Counsel]
* Judge Theodore Jones, associate judge of the New York Court of Appeals, RIP. [New York Law Journal]
We’ve been carving out a little dinosaur law beat over the last several months, thanks to the contentious auctioning off of a Mongolian Tyrannosaurus bataar skeleton. The auction was interrupted when the Mongolian president’s attorney stood up and shouted, “I’m sorry, I need to interrupt this auction. I have a judge on the phone,” in an unsuccessful attempt to stop the sale.
Unfortunately for the anonymous million-dollar winning bidder, the dinosaur bones are stuck in limbo a little longer. Lawsuits have been flying around in the aftermath of the auction, and yesterday, New York police arrested the archaeologist who allegedly brought the bones to the U.S.
And now, ladies and gentlemen, we are leaving Jurassic Park and entering DaVinci Code Land. Please keep your hands and legs inside the vehicle…
Now that classes are back in session, I really hope some professor at Cardozo Law School pulls Benula Bensam aside and tells her that her keeping the story about her passing notes to Judge Jed Rakoff (S.D.N.Y.) alive is probably not helping her chances of securing a legal job.
There are wiser career moves than suing the U.S. Marshals.
Do you remember Benula Bensam? You probably don’t. She was the student at Cardozo Law School who spent part of her summer watching the Rajat Gupta trial. She was reprimanded for sending notes to Judge Jed Rakoff (S.D.N.Y.), including some that questioned Rakoff’s rulings. Such behavior could be seen as an attempt to improperly influence a judge, and so Rakoff had the U.S. Marshals bring her before him, and he told her to cut it out.
Yeah, you remember her now. It was a humorous story about a law student who was maybe a little bit overzealous.
But now Bensam is taking things to the next level. Instead of quietly learning her lesson and getting ready for next semester, the Cardozo student has decided to sue a whole slew of people. She claims that U.S. Marshals didn’t return her cell phone — before they returned her cell phone — and so she’s suing the Marshals, courthouse security, the U.S. Attorney for the S.D.N.Y., and several other defendants. In the process of suing, she’s also revealing how she had what I’d call a bit of a nutty outside the courthouse.
This complaint is just going to do wonders for her Google footprint….
The battle between Mongolia and a Texas-based auction house over control of rare Tyrannosaurus bones is getting bigger. I’m telling you that when BBC gets around to making the documentary Walking With Dinosaurs And Their Attorneys, you’re going to want to watch it.
Let me bring you up to speed: Last month, Heritage Auctions tried to auction off a rare Tyrannosaurs bataar skeleton. The animal is believed to have lived in what is now Mongolia between 70 and 100 million years ago. And now its bones that are worth an incalculable amount to science can be sold for around a million dollars to private collectors. The auction has been held up though, thanks to a temporary injunction obtained by representatives of Elbegdorj Tsakhia, the president of Mongolia. They claim the skeleton was illegally taken away from Mongolia and want it returned. In response, the long dead Tyrannosaur said “AAAAHHHNNN,” and wondered why the opposable-thumbed ones insist on trying to own nature.
When we last we checked in, Heritage Auctions said it was working with Mongolian authorities to resolve the issue. But now the U.S. Attorney for the Southern District of New York and Homeland Security is involved(!!!).
Man, I wish Michael Crichton was still alive, because Triassic Terrorists is a novel that needs to be written….
* Dewey know how many professional services firms it takes to wind down a Biglaw firm? According to new D&L bankruptcy filings, there are at least eight of them — including Togut Segal & Segal, a leading law firm that reportedly charges $935 an hour. [WSJ Law Blog]
* Despite Barack Obama’s pledge of support, Brett McGurk has withdrawn his name from the White House pool of ambassadorial candidates amid much salacious controversy. Apparently this man knows a lost cause when he sees one. [Washington Post]
* So many DOMA lawsuits, so little time: what’s happening in the six major cases on this statute? The majority are in various stages of appeal, and the world at large is currently awaiting a cert filing to get a final take from the Supreme Court. [Poliglot / Metro Weekly]
* LSAC will now vet incoming law students’ GPAs and LSAT scores. The ABA won’t do it because they need the insurance policy of someone else to blame in case something happens to go wrong. [National Law Journal]
* Stephen McDaniel’s lawyers are expected to ask a judge to reconsider his $850K bond today. If he’s released, it seems like there’s a high probability that he’ll become an ATL commenter. [Macon Telegraph]
* Remember the legal fight over the Tyrannosaurus bataar? Well, now Preet Bharara, the U.S. Attorney for the S.D.N.Y., is on the case, and he wants it to be seized for return to Jurassic Park Mongolia. [New York Observer]
As we mentioned in the story, our coverage of Freedman’s departure was prompted by “interesting rumors.” We hoped that our post would result in additional corroboration of what we were hearing. Alas, our write-up just prompted the usual attacks from Kirkland Kool-Aid drinkers, who accused us in the comments of harboring ill-will toward K&E and engaging in shoddy journalism.
Well, this time we’ll enjoy the last laugh (not because we have anything against K&E — we don’t — but because we like being proven correct). We can share what we know about Ted Freedman, because the rumors are now embodied in a federal criminal indictment….
This is the worst piece of whoring journalism I have read in a long time. How long are you going to suck [U.S. Attorney Preet Bharara]’s teat? All to hurt a decent, honest witness, [whom assistant U.S. attorney Reed] Brodsky could not lay a glove on. It did not work. The jury was not impressed by the worst cross examination ever delivered. So in the style of Preet, try to smear him by working the sycophants in the back of the Courtroom. He learned from Schumer in the Senate… Preet is scared sh[**]less he is going to lose this case so he feeds his whores at the WSJ. What a disgrace for an otherwise great paper.
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: