Real Estate
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China, Money
Getting Money Out Of China. Good Luck With That.
When it comes to foreign currency outflow, China's laws on the books have not changed, but the reality on the ground has. -
Money
Working Class Hero President Trump Can Now Prove That He Makes Less Than $500K A Year
Just how poor is Donald Trump? - Sponsored
Law Firms Now Have A Choice In Their Document Comparison Software
Six months on since its launch, over 200 firms worldwide are now using Draftable Legal for accurate and reliable document comparison, including UK Top 50… -
Biglaw, Boutique Law Firms, Small Law Firms
Reinventing The Law Business: Trying And Failing And Succeeding – Lessons Learned
Managing partner Bruce Stachenfeld shares wisdom learned over the course of his long and successful career.
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Legal Ethics, White-Collar Crime
Managing Partner Who Allegedly Stole $30 Million From Clients Indicted
Federal prosecutors are coming down hard on a managing partner who allegedly took a pretty penny to pay off some massive gambling debts. -
Law Schools
The Murky Economics Of Law School Facilities: Who Does This Law School Owe?
When a law school enters into a deal starts looking like an outtake from The Big Short, something's wrong with the school's commitment to transparency -- and that should matter to students. -
Benchslaps, Real Estate
Judge Issues Ultimate Benchslap In Lawyer's Frivolous Pro Se Suit
What kind of a lawyer would bring a case like this? -
Morning Docket
Morning Docket: 12.11.15
* “[W]e refuse to be distracted by disgruntled employees or frivolous lawsuits.” Baltimore State’s Attorney Marilyn Mosby is being accused of firing a handful of prosecutors due to their political associations in a newly filed lawsuit. [Baltimore Sun]
* Texas Wesleyan wants to dismiss a suit filed by its “disavowed” law school grads because it says its obligation “ended with their graduation,” so it doesn’t need to grant them alumni status with Texas A&M Law. Harsh. [Courthouse News Service]
* Connecticut Governor Dannel Malloy will soon sign an executive order banning those on the federal no-fly list from purchasing guns in the state. Professor Eugene Volokh thinks that this policy is constitutionally controversial. Do you agree? [WSJ Law Blog]
* Vinson & Elkins is moving its Dallas headquarters to a fancy $200 million building, where it’ll fill up 80,000 sq ft of office space in 2018. How nice for you! Now be nice to your associates and announce your Cravath bonus matches. [Dallas Morning News]
* What’s the best way to get out of paying millions of dollars to lawyers who you hired to perform complex legal work? If you’re hurting for cash, then take a cue from this New Jersey firm and file for Chapter 11 bankruptcy to ditch your drama. [Bergen Record]
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Crime, Federal Judges
3 Armed Men Invade The $8 Million Mansion Of A Federal Judge And Her High-Powered Husband
According to police, the men targeted the home because it was large -- 27,000 square feet, to be precise -- and not because of its high-profile owners. - Sponsored
AI’s Impact On Law Firms Of Every Size
How solo lawyers, midsize firms, and global large law firms have an opportunity to adjust the way they work. -
Layoffs
Law Firm Suddenly Shuts Down, Leaving Nearly 100 Jobless
Which firm will be closing all of its offices for good? -
Layoffs
Nationwide Layoff Watch: More Lawyer Jobs Slashed Due To Weak Market
Which firm is laying off lawyers this time? -
Marijuana, Real Estate
Going To Pot: Marijuana And Land Use Disputes
Be sure to prepare accordingly as local governments continue to change how they regulate marijuana businesses in states with legalized cannabis. -
Morning Docket
Morning Docket: 10.16.15
* John Stamos of Full House fame was formally charged with driving under the influence earlier this week following his arrest for erratic driving this summer. He faces up to six months in jail if convicted. We have faith that his beautiful hair will survive time in the slammer. [USA Today]
* While the vast majority of the law school lawsuits containing allegations related to deceptive employment statistics have been dismissed, a few are still alive and kicking. The very first one filed — Alaburda v. Thomas Jefferson School of Law — is heading to trial in 2016. [WSJ Law Blog]
* Trick or treat? Per federal prosecutors, former House Speaker Dennis Hastert will plead guilty before Halloween as part of a deal in his ongoing sexual misconduct hush-money case, but whether he’ll serve time is a question that’s yet to be answered. [Reuters]
* Headcount at real estate firms with once-prominent foreclosure practices continues to shrink thanks to the recession’s end. To that effect, two Chicago firms have eliminated hundreds of positions for legal professionals since 2013. [Chicago Business Journal]
* Thanks to a new online system, Northwestern Law will be able to interview prospective students any time, anywhere. The school is the first in the country to offer awkward casting couch sessions as part of its admissions process. [Northwestern University News]
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Celebrities, Lawyerly Lairs, Real Estate
Lawyerly Lairs: An Acclaimed Actress, Her Biglaw Beau, And Their Multimillion-Dollar Apartment
A celebrated actress and her Biglaw husband live in a magnificent Manhattan apartment with fantastic Central Park views.
Sponsored
Generative AI In Legal Work — What’s Fact And What’s Fiction?
Law Firms Now Have A Choice In Their Document Comparison Software
How Transactional Lawyers Can Better Serve (And Maintain) Their Clients
Sponsored
The Business Case For AI At Your Law Firm
AI’s Impact On Law Firms Of Every Size
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Biglaw, Small Law Firms
Reinventing The Law Business: Another Word About Competitive Advantages In The Law Business
Managing partner Bruce Stachenfeld talks about the importance of "innovation by collaboration," and how it can help law firms succeed in a competitive marketplace. -
Lateral Moves, Sponsored Content
Your Guide For Making A Lateral Move To New York
As New York law firms continue to fight the war on talent, many are looking outside of the box, or rather, outside of New York. -
Layoffs
Nationwide Layoff Watch: Law Firm Suddenly Leaves 150+ Jobless
Which firm was the one to conduct these massive surprise layoffs? -
Books, Real Estate
Standard Of Review: 'Foreclosure' Manages To Make Mortgages Interesting
Attorney S.D. Thames attempts a Herculean task: make real estate (such as mortgages, escrow, and yes, foreclosure) actually interesting. -
Morning Docket
Morning Docket: 09.18.15
* The outcomes of misconduct complaints against members of the federal judiciary will now be posted online for your viewing pleasure to “provide for greater transparency” — and schadenfreude. This could wind up being entertaining, so keep your eyes peeled. [WSJ Law Blog]
* Apparently there are people out there who don’t know that law schools are in trouble and have been for a while, which is certainly news to us. See how the dean of UNLV School of Law explains the “new normal” to a human interest writer. [Las Vegas Review-Journal]
* The White House just launched a nationwide movement to encourage legal immigrants in America to become U.S. citizens. What a happy coincidence that this campaign will likely add millions of voters to the rolls just in time for Election 2016. [New York Times]
* Per a report from The Real Deal, real estate practices are heating up in Biglaw firms across New York City. Firms like Fried Frank, Skadden, and Proskauer are expanding their real estate groups, so be on the lookout, laterals. [Big Law Business / Bloomberg BNA]
* Harvard Law is supposed to be overseeing the rollout of a new Title IX program for the reporting of sexual harassment, but so many of the administrators who were in charge of its implementation have left that its come to a standstill. Oopsie! [Harvard Crimson]
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Morning Docket
Morning Docket: 09.10.15
* “We saw the light at the end of the tunnel, and she just blew that tunnel up.” Massachusetts teen Michelle Carter was charged with involuntary manslaughter in the death of her boyfriend after she texted him numerous times, encouraging him to kill himself. If you haven’t seen them, her messages are chilling. [Associated Press]
* “If you are a lawyer thinking about having sex with your client, you better think first.” Go ahead, argue that your client’s 30-day suspension from practice was “just” because the woman kept coming back for more. Maybe your judge won’t be as sarcastic. [Knoxville News Sentinel]
* If you’re starting law school, you probably haven’t heard about the biggest law firm bankruptcy in history, and you likely don’t know what the Dewey & LeBoeuf criminal trial is about. Here’s a listicle of reasons to doubt the prosecution’s case. [WSJ Law Blog]
* Biglaw firms are rethinking their office space at the same time as they’re building up their posh amenities. At the end of the day, associates may be forced to move to cubicles, but it’s all for the clients’ benefit, so hooray for them. *golf claps* [Commercial Observer]
* Our congratulations go out to Alicia Ouellette, Albany Law School’s newest president and dean. We’re certainly hopeful that she’ll be able to handle the tenuous employment situation with the school’s tenured faculty better than her predecessor did. [Times Union]
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Biglaw, Lawyerly Lairs, Media and Journalism, Real Estate
Lawyerly Lairs Litigation: Big-Time Journalist v. Biglaw Partner
Prominent legal-affairs journalist versus Weil Gotshal partner: who will prevail?