Size matters, and to be successful today you really have to be in that Am Law 50.
– Alan Levin, managing partner of Edwards Wildman, commenting on the importance of being viewed as a “tier 1″ law firm in the overall Biglaw hierarchy. Levin identified possible merger partners by commissioning a study to separate firms into “tier 1″ and “tier 2″ groupings. Locke Lord was considered a “tier 1″ firm, and Levin will become vice chair of Locke Lord Edwards if the merger goes through.
We can help you waste thousands of dollars in taxpayer money to fight for what you sort of believe in.
– “William Hostetler,” the fictional voice of the very real law firm BakerHostetler. BakerHostetler, recently hired by congressional Republicans to spearhead their infamous lawsuit against President Obama, got a send-up on last night’s Tonight Show with a phony ad in the style of every ambulance-chasing firm ever committing to help you, the viewer, work out your frustrations with a frivolous lawsuit against President Obama.
To ask the students to, on top of [paying for law school], do an internship and not get paid for it, I think that’s just ludicrous. The ABA should do better.
– Monalisa Dugué, a student at Valparaiso University Law School, commenting on the fact that the American Bar Association prohibits law students from receiving monetary compensation for academic credit-bearing internships and externships. Dugué, a mother of two, was forced to leave an internship this summer because working for free “became too expensive” — her financial situation eventually became so dire that she “couldn’t even afford to put food in the refrigerator.”
(The ABA had the chance to revise its rule barring pay for academic credit-bearing internships and externships this summer, but law students’ hopes were quickly dashed. Better luck next time, struggling students.)
Joe Freeman Britt won’t forgive murder. Or, apparently, people who DON’T commit murder.
Well, let’s say, if I was a bully, he is a pussy. How about that? I think Johnson Britt has been hanging around too much with the wine and cheese crowd.
– Former District Attorney Joe Freeman Britt, discussing his successor (and relative), current DA Johnson Britt, because the younger Britt had the audacity to support releasing men that Britt the Elder prosecuted for rape and murder just because the DNA evidence exonerated them. Britt the Younger blames his predecessor’s bullying and browbeating style for hindering the search for truth, such as ignoring the serial rapist living 100 yards from the crime scene. Joe Britt has no time for such cream puff notions. Will Justice Scalia follow Joe Britt’s lead?
[T]he solution to the knot [of complex legal problems] has been to add more string. Simply adding more lawyers and compliance professionals will only create far worse, more complicated and more costly problems.
For your information, the Supreme Court has roundly rejected prior restraint.
– Texas Supreme Court Justice Debra Lehrmann, quoting Walter Sobchak in a footnote to Kinney v. Barnes (full disclosure: Kinney is an Above the Law advertiser, while Barnes is… well, this guy). While the movie may seem like a surprising citation for the conservative Texas bench, in their defense, Walter is a gun-toting crazy man so he blends in with a lot of their jurisprudence.
It looks even better next to some of the other cases currently before us which Justice Blackmun did not select as the vehicle for his announcement that the death penalty is always unconstitutional — for example, the case of the 11-year old girl raped by four men and then killed by stuffing her panties down her throat. How enviable a quiet death by lethal injection compared with that!
– Justice Antonin Scalia in Callins v. Collins, 510 U.S. 1141 (1994). The quote looms large today as Justice Scalia’s smugly presented example of how the death penalty can’t possibly be unconstitutionally applied fell apart in epic fashion. DNA evidence exonerated the men convicted of the brutal rape and murder of Sabrina Buie. The prosecutor did not oppose release of the men because DNA evidence pointed to the real perpetrator, a criminal who was convicted of a similar crime soon after Sabrina’s murder. Of all the capital cases in America, many (though certainly nowhere near all) of which do involve criminals who actually committed the crime, Justice Scalia chose at random a case that ultimately confirmed Justice Blackmun’s argument. On the heels of his dissent in Windsor, it’s worth wondering if Justice Scalia is cursed to have his every sarcastic quip fly back in his face.
He was in a wheelchair. Why would he shoot? He could have just hit the man, beat him up.
– Anita Johnson, a Miami-area woman, commenting on the killing of an unarmed panhandler in a wheelchair. Miami police have arrested Rodney Louis for allegedly shooting the panhandler before leading the cops on a 20-minute, high-speed chase. I suppose the days when handicapped beggars were merely dragged from their wheeled chariots and assaulted are but a fleeting memory of what America used to be.
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: