Real Estate

* It’s hard to get a mortgage if you have a lot of student debt, even if you make a lot of money. Who needs a house anyway? Your advanced degree will keep you warm. [BusinessWeek]

* A civil trial over BP’s Gulf Oil spill was supposed to start today, but it was postponed at the last minute. Is it just me or does it smell like settlement in here? [New York Times]

* As if anyone needed another reason to never take a Carnival Cruise…. [CNN]

* The Catholic Church just couldn’t handle sharing its ignominious spotlight with Penn State any longer. Attorneys allege that the late Cardinal Anthony Bevilacqua, former Archbishop of Philadelphia, destroyed a list of 35 active priests accused of child sexual abuse. [Washington Post]

* Some movie with no sound, color, explosions, or giant robots won a bunch of Academy Awards last night. I can’t say I care too much. Here’s a rundown of some classic cine con lawyers instead. [ABA Journal]

* Advice for art collectors: CHECK YOU PROVENANCE. [New York Times]

* Michael Rothenberg, executive director of New York Lawyers for the Public Interest, RIP. [New York Law Journal]

Which former Cabinet member sold the house with the blue door?

Are we too New York-centric in Lawyerly Lairs, our inside look at the homes (and occasionally offices) of lawyers and law students? Perhaps. It makes sense that we focus on Gotham, since Above the Law is headquartered here. But we realize that other cities and states boast great real estate too (and not just the 3500-square-foot houses enjoyed by the average associate at a Texas law firm).

Today let’s take a trip down to the nation’s capital. We’ll check out a few Lawyerly Lairs down in Washington, D.C. — including the $2 million Georgetown home shown above, recently sold by a former Cabinet member turned law firm partner….

double red triangle arrows Continue reading “Lawyerly Lairs: The Real Homeowners of D.C.”

Penny Lane and Brian Frye, in the Catskills home they've placed on the market.

As we have mentioned, we’re trying to diversify the coverage here at Lawyerly Lairs. After all, the world does not consist entirely of Park Avenue apartments owned by mega-rich law firm partners (as seen here, here, and here). Toward that end, we recently wrote about the housing search of some NYU Law students.

But that was still in New York City. Let’s leave Manhattan behind and head to upstate New York, where we’ll visit the beautiful Catskills house of a law professor and his filmmaker wife….

double red triangle arrows Continue reading “Lawyerly Lairs: Hipsters in the Catskills
(Hey New Yorkers, Looking for a Country House?)”

If you don’t have a lawyer, it is hard to really put their feet to the fire and make sure the banks have every ‘t’ crossed and ‘i’ dotted… We are going to make sure funding for those legal services is restored.

– New York Attorney General Eric T. Schneiderman, discussing the implications of a $2.7 billion hard-cash settlement under a nationwide mortgage servicing agreement.

As part of the settlement, New York State will receive a guaranteed $136 million, and New Yorkers who suffered during the foreclosure crisis will be eligible for an estimated $648 million in additional payments. Schneiderman said the settlement will help restore legal service programs that were cut back in recent years.

The new face of Harvard Law School has a funny side.

This week, Harvard Law School unveiled its brand new Wasserstein Hall — a behemoth of a law building that will serve the needs of Harvard law students for generations, maybe even centuries. I was not invited to any of the gala events; my invitation must have been lost in the mail. But I can’t wait to see the finished product. Rumor has it that there’s a state-of-the-art debtor’s prison carved into the building’s foundation.

Obviously, a project of this magnitude required a major fundraising effort. Harvard has never been shy about naming things after big donors. Remember, the university itself is named after a guy who made one of the wisest donations of books ever. Wasserstein Hall contains the Caspersen Student Center, and enough commemorative plaques to fill a plaque store.

The building also contains the Falik Men’s Room.

No, I didn’t make that up. I’m not that clever. I’ve got pictures. I’ve even talked to the benefactor who made the gift….

double red triangle arrows Continue reading “True Story: Harvard Law Sells Naming Rights to Its New Bathrooms, and a Berkeley Law Professor Couldn’t Be Happier”

They took on six figures of (non-dischargeable) debt to go to law school, and now they hang their laundry in the street.

Most installments of Lawyerly Lairs, our inside look at the nests of legal eagles, involve residences (and occasionally offices) of utter fabulosity. Just look at our latest Lairs: a $5.9 million apartment on Park Avenue, a $4.6 million prewar coop on the Upper East Side, and a $1.7 million penthouse on the Upper West Side.

We realize that most Americans, or even most lawyers, don’t live in such luxury. And we’re interested in learning about how the other half lives. If you’d like to have your home featured in Lawyerly Lairs, even if it isn’t a million-dollar mansion, feel free to email us, subject line “Lawyerly Lairs.” (If you’re trying to sell your home, send us the listing; exposure to Above the Law’s large audience could be beneficial.)

We’ll get the 99 percent ball rolling with a look at two current law students who braved the brutal renters’ market here in New York. What school do they attend, and how did their hunt turn out?

double red triangle arrows Continue reading “Lawyerly Lairs: The 99 Percent Edition”

Keeping you unemployed since 2008.

* People like it when the members of the Supreme Court agree with each other, except when the justices forget to tell them exactly what to do. Poor sheeple. [Washington Post]

* If you’re wondering why you can’t get a Biglaw job, it’s because the firms don’t need you. Well, they probably do, but definitely they need their money more. [Wall Street Journal]

* Chadbourne & Parke to 190K square feet: partners seem to be pissy about the move, but this white-shoe firm may soon be a blue-chip tenant at One World Trade Center. [New York Times]

* British blokes like scamming folks. Kevin Steele, a former Mishcon de Reya partner, has been sentenced to more than five years for his role in a $28M fraud scheme. [The Guardian]

* Florida’s former foreclosure king might have been dethroned, but David J. Stern refuses to give up his crown. Say hello to the Five Guys burger king. [Real Time / Palm Beach Post]

* My Fair Wedding? More like My F**ked Wedding. A New York couple is suing celebrity wedding planner David Tutera, alleging that he left them waiting at the altar. [New York Daily News]

A. Gail Prudenti

It’s the best chambers in the state. Believe me, I know. I’ve seen them all.

– Judge A. Gail Prudenti commenting to the New York Times about pleasing chambers afforded to the Brooklyn Presiding Judge. Prudenti was recently promoted to Chief Administrative Judge of the Courts of New York State, creating a vacancy for the position of Brooklyn’s Presiding Judge.

19 judges have applied for the position, apparently because the Brooklyn Presiding Judge doesn’t have to work in a spider hole like the rest of the borough.

1112 Park Avenue

Partners at high-powered Cadwalader, Wickersham & Taft, where profits per partner in 2010 clocked in at almost $2.4 million, appreciate the finer things in life. These include $6 million houses in the Hamptons and the company of former Playboy models (who used to date movie stars like Matt Dillon).

Now, fabulous though they may be, beach houses in the Hamptons and Playboy model girlfriends sound… a bit flashy, a trifle arriviste. Some might view them as not very white-shoe, and not what you’d expect from partners of the oldest continuing Wall Street law practice in the United States. (Sure, some old-money people have places in the Hamptons, but these days the locale appeals more to celebrities.)

Thankfully there are some CWT partners who are kicking it old school. They live in exclusive prewar coops on Manhattan’s Upper East Side. No lofts in Tribeca or Soho — or, God forbid, Brooklyn — for these genteel types.

Let’s look at the Lawyerly Lair that a senior Cadwalader lawyer recently acquired — on Park Avenue, one of the world’s legendary thoroughfares — for just a shade under $6 million….

double red triangle arrows Continue reading “Lawyerly Lairs: A Cadwalader Castle in the Sky”

SLU Law's Raven Akram

* Time for a Biglaw battle: William Baer of Arnold & Porter is the front runner to take over the DOJ’s antitrust division, but could he lose the spot to one of O’Melveny’s finest, Richard Parker? [Blog of Legal Times]

* It’s about time people remembered there’s no such thing as privacy anymore, but in case you forgot, Google is here to remind you. Say hello to the company’s latest plan for internet domination. [Washington Post]

* Welcome to New Jersey, a lovely place where Governor Chris Christie thinks that gay people are qualified to be state supreme court justices, but completely unqualified for marriage. [Businessweek]

* Indiana Tech is breaking ground on the law school nobody wants, and St. Louis University is moving the law school everyone hopes will attract more NFL cheerleaders. [National Law Journal; St. Louis Business Journal]

* Pamela Anderson has settled a lawsuit over her alleged failure to promote the sale of condominiums. Because people would totally buy a condo after a pair of boobs told them to do it. [Winnipeg Free Press]

* Two men from West Virginia claim that they were sexually assaulted by Andy Dick in a nightclub. The long and short of this lawsuit: Andy Dick has been accused of allegedly acting like Andy Dick. [Toronto Sun]

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