If you’re not familiar with Wendy Williams, we’ll tell you a thing or two about her: this “shock jockette” claims to be the “Queen of All Media,” she has her own syndicated talk show, she’s been known to pull her insider information about the stars she interviews out of her own rear end, and she’s even got a few rappers dropping beats in an attempt to shut her up. And because nothing says classy like purchasing fashion goods hawked at 3 a.m. on TV, we’d be remiss if we forgot to mention Williams’s line of shoes and other accessories, sold exclusively by QVC.
As it turns out, Williams is having a bit of legal trouble with the Chinese manufacturing firm that’s likely gluing her new shoe line together with the tears of underpaid children. It seems that Williams’s Chinese cobblers would like to get paid, so much so that they’re fiercely protesting and even taking hostages, all over some peep-toe shoes with heels dangerously high enough to qualify for instant stripper status in most polite social circles.
Staci Riordan, a partner at Fox Rothschild who runs the firm’s Fashion Law Blog (and who also spells her name in the most fabulous of ways, might we add), is representing manufacturer Max Harvest, in their shoe problems against the media queen, while Ken Schulman of Pryor Cashman is representing Williams. And unfortunately for Williams, “things don’t work in China the way they work in the United States….”
* BP agreed to plead guilty to 14 charges and pay $4.5B in fines, but before going through with it, several Biglaw firms helped the company sell off assets to fund litigation- and spill-related costs. [Am Law Daily]
* According to HBR Consulting, compensation for in-house attorneys has risen over the past year — including bonuses, which went up to $62,500. Sorry, but Biglaw isn’t following suit. [Corporate Counsel]
* It’s better to leave well enough alone: Pryor Cashman was ordered to pay more than $21K in legal fees for filing a frivolous motion over its repeated attempts to dismiss a case. [New York Law Journal]
* Judge Susan McDunn, who claimed that her “life [was] being ruined” by the secret lawsuits of many powerful Chicagoans, has resigned. Looks like her $182K salary wasn’t enough to buy crazy pills. [Chicago Tribune]
Be advised that the Screen Shot, as well as the Tape from which the screen shot was taken, were illegally obtained and believed to have been stolen from Mr. West’s computer. Your posting, advertising, marketing, displaying and otherwise disseminating the stolen Screen Shot and/or other materials on the tape constitute actionable violations of Mr. West’s rights of privacy and publicity.
The good folks over at Building A Better Legal Profession — a national grassroots movement that we’ve writtenabout before, which seeks market-based workplace reforms in large private law firms — have updated their online directory and rankings of law firms with new information for 2011. The updated rankings shed light on which top law firms are excelling in such areas as diversity and pro bono work, and which ones still have some work to do.
Let’s look at some highlights from the new data, on such subjects as diversity, partnership, and associate attrition….
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: