Segal’s latest article is more interesting than the January one. His January piece, while well-crafted and solidly (if imperfectly) reported, covered ground that had already been covered by many other outlets. Readers of Above the Law, other legal industry publications, or the numerous “scamblogs” already knew that the value proposition of going to law school was very much open to question (to put it mildly).
This weekend’s piece focuses on a less familiar aspect of the law school process, namely, merit scholarships. You might think that these grants, which help law students pay for their education in an age of ever-growing debt loads and skyrocketing tuition, are undoubtedly a good thing.
By the middle of second semester of that first year, everyone saw the system for what it was. We were furious. We realized that statistically, because of the curve, there was no way for many of us to keep our scholarships. But at that point, you’re a year in. They’ve got you. You feel stuck.
– Alexandra Leumer, a 2009 graduate of Golden Gate University School of Law, quoted in an interesting and provocative New York Times article suggesting that law school “merit scholarships” can be a bit of a scam unfair in the eyes of some recipients, due to the fact that so many students lose them after their 1L year by not achieving the required GPA.
Why do people try to scam law firms? Is it because people know firms are flush with cash, or out of some deep-seated hatred of lawyers, or because they think law firm bookkeepers are stupid (since sometimes they are)?
Earlier this month, the FBI issued a warning to law firms about overseas scammers sending e-mails to lawyers asking for help collecting delinquent payments. Beware.
That one is a little complicated. A scam being run closer to home is simpler and stupider. The New York office of a Biglaw firm sent out a memo to its associates this week to beware of the “taxi scam.”
If someone told you they had a $14,500,000 inheritance from their father stuck in a bank account in Burkina Faso, you would likely laugh in their face and offer them some Viagra and a penis enlarger in exchange for a slice of the fortune.
But what if they told you this while you were sitting in a conference room of a corporate law firm, and the person was flanked by Baker Hostetler attorneys who vouched for the legitimacy of the African fortune?
Under those circumstances, a group of Ohioans invested over one million dollars to help Willia Burton recover her supposed windfall from a foreign bank account. But it’s been five years, and it’s become evident that — sur-freaking-prise! — it’s actually a scam.
Now the nine gullible investors are suing Burton and her Baker Hostetler lawyers, William Culbertson and Paul Feinberg, for fraud, civil conspiracy, and negligent misrepresentation.
Unfortunately, there’s no claim to be made for the public humiliation they shall now suffer for falling for a “Nigerian bank account scam”…
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.