This is the future. You need to titillate both ends, if you catch my drift. Don’t put the economic imperative right in my face. It’s all about the je ne sais quoi.
– a 61-year-old derivatives lawyer from Manhattan, gushing about Bliss Bistro, an underground, invite-only strip club/brothel. The cover charge is $40, and it costs $200 for 20 minutes to rent a private area, plus whatever the women charge for their “services.” One woman recently charged $400 for oral sex.
[T]he experience [of working at Cahill Gordon & Reindel] tested my ethical compass, and it coarsened my behavior. I was sometimes a jerk in dealing with my adversaries. I was sloppy in accounting for my time. I managed to care deeply about whether associates at the firm across the street were making a few dollars more. I did almost no pro bono work.
Don’t get me wrong. You get excellent training at big law firms. Many of the lawyers there do good and honorable work. But the big firms are built on a set of ethical tensions.
For the people who are enamored with the idea of the tax revenue from this, go to Colorado and see if you want to live there. See if you want to live in a major city in Colorado where there are head shops popping up on every corner. And people flying into your airport just to get high. You know, to me, it’s just not the quality of life we want to have here in the state of New Jersey, and there’s no tax revenue that’s worth that.
Tech guru Hwang secretly attended law school at Boalt Hall just to score his seven-month gig at Davis Polk, which he spent planning a computer program to replace first-year attorneys by automating tasks like document review (shhhh — don’t tell him about predictive coding or anything like that). Hwang plans to release the program to firms FOR FREE this summer. Look out Biglaw, you’re being forced down the same road Sterling Cooper did with its fancy IBM 360. Watch out for severed nipples!
UPDATE (3:00 p.m.): Maybe there’s a joke in there that was a tad too dry. Let’s just say there’s a reason why we — who advise against going to most law schools — would be “alright” with one of the law schools Shaq has mentioned because we don’t think he’d really end up going there.
[Shawn Carter aka Jay-Z] is one of the most prolific and hardest-working businessmen and recording artists in the world. This summer, among many other commitments, he is headlining a grueling 18-city North American concert tour with his wife, Beyoncé Knowles, between June 25 and August 6. With the tour opening fast approaching, the next four weeks are already filled beyond capacity with production and business meetings and rehearsals. Preparing for a stadium tour is a non-stop effort. And this is all in addition to Mr. Carter’s usual duties as the CEO of several businesses, at least two scheduled product launches, and curating a first-of-its-kind, bicoastal, music festival in August…. [S]cheduling an early deposition would unnecessarily burden and harass [Jay-Z].
Arato represents UMG Recordings, Island Def Jam Music Group, Roc-A-Fella Records, and Jay-Z in a suit filed by Dwayne Walker, who claims he’s owed $7 million in contractual royalties for the use of a logo he allegedly drew in 1995. Walker is represented by one of most infamous lawyers to ever grace these pages: Gregory Berry, he of the “superior legal mind.” In her letter, Arato claims that Berry has made “improper efforts to sensationalize” the case.
(Keep reading to see the full letter, which really hangs Greg Berry out to dry.)
Johnny Manziel (By: Thomas Campbell-USA TODAY Sports)
I have nightmares of [Johnny] Manziel; he needs sex therapy. Seeing Manziel with his small penis caused me psychological emotional distress. I had to see a psychologist because I have nightmares of Manziel’s penis.
Reason enough why no country should ever engage in the practice of Affirmative Action again. This could be the result. Where would she be if she didn’t hit the quota lottery? Here’s a hint: “Would you like to supersize that sir?”
PAY ME MY MONEY, YOU LYING SUBHUMAN GARBAGE. You also should resign from your posts, as you’ve shown yourselves to be collective disgraces to rule of law and enemies of the United States Constitution. Those of us who actually love this country should take your places.
Even today I am reminded of the legacy that we have bequeathed today’s generation when my son looks dismissively at the sweater I bought him for Christmas and, with a roll of his eyes, says ‘dad … that is so gay.’
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: