* Even at the top of the in-house food chain, women lawyers are still paid less than their male counterparts. But hey, at least they’re not being forced to cry poverty like their in-house staff attorney brethren. [Corporate Counsel]
* Neil Barofsky, the former King of TARP in the United States, is making the move to Jenner & Block, specifically because as opposed to all other firms, “Jenner took the side of really getting to the truth of the matter.” [Reuters]
* Luxury fashion is fun: four Biglaw firms, including Cleary Gottlieb, Cravath, Torys, and Proskauer Rose, all took Tim Gunn’s mantra to heart to make it work for the $6 billion sale of Neiman Marcus. [Am Law Daily (sub. req.)]
* If you want to try some lawyer, we hear that they taste great when poached this time of year. Speaking of which, Troutman Sanders just reeled in three attorneys from Hunton & Williams. [Richmond BizSense]
* Are you ready for some tax law?! The NFL and other professional sports leagues might lose their nonprofit status if new tax reform legislation makes it through the House and the Senate. [Businessweek]
Amid a jobs and loan debt crisis, the push for legal education to reinvent and remodel itself upon the medical school paradigm continues to grow. From a reduction in years of schooling to legal residency programs, these and a slew of other ideas are looking better and better.
Next up to the plate: monetary incentives to practice in no man’s land. Doctors have been getting loan repayment incentives for four decades in exchange for practicing in underserved rural areas.
Why can’t lawyers do the same thing?
In recent weeks, South Dakota’s innovative plan to keep lawyers in the state and practicing in rural areas has gotten a great deal of media attention. If you’d consider hanging a shingle in a small town for five years in exchange for a yearly sum of $12,000 to pay off your debts, then this is a great idea.
* Oh mon dieu, Justice Breyer was inducted as one of just 12 foreign members of France’s Académie des Sciences Morales et Politiques. C’est très chouette pour un Américain, non? [New York Times]
* Man, for a four-seeded firm that got knocked out of our March Madness competition after the Sweet Sixteen, Davis Polk is looking great in 2013’s first quarter as far as legal advising in M&A deals goes. [Am Law Daily]
* Brown Rudnick picked up a California boutique, and it’ll be doubled in size through lateral hiring. No layoffs are currently expected, but no one really advertises that as a merger selling point. [National Law Journal]
* The New York Times: bringing you last month’s news, today! South Dakota is offering a subsidy for law school tuition to keep lawyers in the state. Here’s our post from two weeks ago. [New York Times]
* Pace Law School’s “low bono” residency program was praised by New York’s Chief Judge Jonathan Lippman, but if you’ve got other job offers, Dear Lord, take one of them. [New York Law Journal]
* AIG wants to prevent Hank Greenberg from suing in its name, probably because it’d prefer not to be known as “the poster company for corporate ingratitude and chutzpah.” [DealBook / New York Times]
* “[D]o I cover this really important story and maybe go to jail?” That’s the choice Jana Winter is facing after reporting on James Holmes’s massacre notebook and refusing to reveal her sources. [CNN]
With spring semester drawing to a close, graduating law students must be getting really antsy. After all, the July 2013 bar exam is just around the corner, and in this kind of a competitive job market — you know, the kind of job market where only 56 percent of graduates secured long-term, full-time jobs that required bar passage in 2012 — passing the test is more important than ever.
That being said, wouldn’t it be convenient if you knew how hard you needed to study for your own state’s exam (not that you shouldn’t be studying hard in the first place), as compared to other states’ exams? Luckily, there’s a brand new ranking for that.
You’ve all got some preconceived notions about which states have the toughest bar exams, so the top 10 on this list might just blow your mind. Let’s take a look….
Do any of you remember the set up of Northern Exposure? It was a decent enough show where a “city slicker” doctor had to practice in small town Alaska to pay off his student debt. Aidan from Sex in the City was on it.
Anyway, the point was that the state of Alaska paid for Rob Morrow’s medical school. In return, he had to work wherever Alaska sent him for five years.
Subject, of course, to the restrictions outlined in the Thirteenth Amendment, I’ve wondered why this isn’t an actual thing that more states do in order to help underserved communities. Why doesn’t New York pay for a bunch of people to go to medical school, but then they have to practice in poor areas for a term to work off their debts?
One state is giving it a try. And why not? I mean, it’s not really like peonage, is it?
* Start spreading the fabulosity: Massachusetts Attorney General Martha Coakley has asked the Supreme Court to grant certiorari on a pair of cases challenging the Defense of Marriage Act. [BuzzFeed]
* Lawrence Lessig wants groups of 300 randomly selected people to craft a constitutional amendment in response to Citizens United. He clearly expects a bit too much of our population. [National Law Journal]
* In South Dakota, your abortion now comes with warnings about an increased risk of suicidal thoughts and suicide. Forget that medical certainty hooey, it’s not constitutionally misleading. [WSJ Law Blog]
* “We do not arrest people because of the color of their skin.” Oh, of course not, Sheriff Arpaio. We totally believe you. But you might stop them, question them, and detain them because of it, right? [New York Times]
* We’ve just got too much Dickinson up in here. And in other Penn State news, the school is now considering a move that may cause at least one of its two law school campuses to lose its accreditation. [Patriot-News]
* Lady Gaga was sued by MGA Entertainment, the maker of Bratz dolls, over her alleged failure to approve a line of dolls made in her image. This is not a company you want to start a bad romance with. [Bloomberg]
* And I am telling you, I’m not going — to grant you parole. William Balfour, the man convicted of murdering Jennifer Hudson’s relatives, was sentenced to three life sentences without the possibility of parole. [CNN]
* Money might not grow on trees, but it certainly grows on financial reform legislation. Thanks to the Dodd-Frank Act, the pockets of Biglawyers will continue to be lined with cash for years to come. [New York Times]
A traditional American... Halloween costume mocking the native inhabitants of this land.
Growing up, we had something called the “coffee filter” in my house. It was my mom’s cutesy way of telling us that we always needed to think before speaking, but it worked (most of the time).
The world would probably be a much better place if everyone bothered to use their coffee filters, but the sad fact is that most people don’t even have one. That’s probably the reason why there are so many racial epithets and ethnic slurs floating around that I’m still learning about new ones.
And it’s probably also the reason why judges are just blurting them out in court….
When in need of a pic of a T.V. cheerleader, am I right to go with Minka Kelly over Hayden Panettiere? Can we get some kind of ruling on this?
* Is it possible that in South Dakota you have to go through a shorter waiting period to buy a gun and shoot someone who is already alive than you have to go through in order to have an abortion? Could somebody check on that? [MSNBC]
* Did you see this chart showing that law professors make more than all other professors at the college level? I think I forgot to mention it because when my brain sees such horrible atrocities it enacts self-defense protocols and deletes the knowledge from my… Did you see this chart showing that law professors… [Chronicle of Higher Education]
* Same-sex couple gets deportation put on hold to pursue marriage-based immigration case. I think we’re all safer when Homeland Security isn’t run by Leviticus. [Stop the Deportations]
* If cheerleading were a real sport, this lawsuit might be really interesting. [Jezebel]
* A “barroom brawl” between law firm partners results in one partner leaving the firm. WEAK. Men should be able to beat the crap out of each other, shake hands when they’re finished, and still be able to do business together. [ABA Journal]
* A public defender got a TRO against a judge who allegedly slammed her to the ground. WEAK. Women should be able to get body slammed by enraged judges, receive treatment for their injuries, and go back to work without needing a TRO. (Dude, that’s the last time I try this “intellectual consistency” BS; it just makes me sound stupid.) [Penn Live]
* Why should I even try to be intellectually consistent when South Dakotans are so addled that they can’t see the flaw with caring about the sanctity of human life so much that they’re willing to kill innocent people to protect it? [Mother Jones]
* According to a recent survey, way too many of you are hooking up with people you work with. When two of you end up plastered all over ATL, go on and cry in your coffee, but don’t come bitching to me. [Vault]
* Protip for law profs: creating hypotheticals that involve killing your dean is probably not a good idea (even if it might be protected academic freedom). [Althouse]
* For those playing along at home, putting cocaine extract in your soft drink is okay. But putting alcohol in your soft drinks constitutes a grave danger to young people all across the country. [Gizmodo]
* A Turkish company wins the public vote to make the new yellow cab for New York City. They’re the only ones where every cab will be handicap accessible. You like free markets? Then don’t complain when young Turks are just better. [Alt Transport]
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
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.