* Law schools are in trouble, but Cooley Law is “going strong” — after all, only “28 percent of last year’s graduates at its Michigan campuses failed to land jobs as lawyers within nine months.” You’re really doing it wrong. [Tampa Bay Times]
* This guy broke into the University of Oregon School of Law three times, and all he got were these computers for hipsters and a crappy 11-year sentence. (He should’ve broken into the football facility for better loot.) [Register-Guard]
* Amanda Bynes has been placed on a 5150 psychiatric hold, and people suddenly care about mental health law. It’s sad that it takes a celebrity to make people care about these issues. [WSJ Law Blog]
* Marijuana is making its way to the ballot in some states this November, but before you vote, here’s a primer on where it’s legal to smoke weed, where it might be, and where it’s not. [Washington Post]
This summer, we began reporting on the uphill battle the Thomas M. Cooley Law School faced with regard to its declining revenue and student enrollment. In early July, we were the first to break the news that Cooley Law would stop accepting first-year students at its Ann Arbor campus as part of a “financial management plan.” At the time, James Robb, the law school’s associate dean of external affairs and senior counsel, said there were no plans to close the campus.
Plans apparently changed quickly, because at the end of July, we learned that Cooley Law was considering consolidating the Ann Arbor campus with other Cooley campuses by the end of the fall 2014 semester. Once again, Robb assured the media that no definitive plans had been made yet.
Now that we’re almost halfway through the fall 2014 semester, it seems that Cooley Law has begrudgingly decided to lie in the bed that it has made. This may be the first law school campus closure since the public started learning that legal education wasn’t all that it was cracked up to be…
* First things first, she’s the realest: In light of the ongoing situation in Ferguson, Missouri, of course Justice Ruth Bader Ginsburg acknowledged that we have a “real racial problem” in America. [National Law Journal]
* Cooley Law has experienced legal troubles over its job stats for the past few years, and a great deal of it has been handled by Miller Canfield. It raked in almost $1M from the school from 2011 to 2012. [Am Law Daily]
* Yesterday, a federal judge in Florida struck down the state’s ban on gay marriage as unconstitutional. The latest opinion is one of nineteen in favor of marriage equality. The decision was stayed, but yay for Flori-duh! [CNN]
* Half of Concordia Law’s third-year class will not be returning to school this fall because they’d rather wait to receive word on whether the school will be accredited than waste more of their time there. [Boise State Public Radio]
* Thanks to JudgmentMarketplace.com, a dentist was finally able to collect on a a years-old default judgment against Kim Kardashian — but only because a lawyer bought it from him. [WSJ Law Blog]
In early July, we broke the news that Cooley Law School would stop accepting first-year students at its Ann Arbor campus and would begin conducting faculty and staff layoffs due to continuing declines in both enrollment and revenue. At the time, the school had “no plans” to completely close the campus.
At the end of July, however, Cooley Law notified its Ann Arbor students there may be a “possible consolidation” of that campus with other Cooley campuses, three of which exist in Michigan.
It’s now mid-August, and the foreboding promise of layoffs has finally come to fruition. How many heads will roll thanks to this law school’s “right-sizing” plan? Our sources say the damage is “massive”…
Say farewell to Cooley Law — j/k, it’ll always be Cooley.
* Cleary Gottlieb lost some historic cases during the first half of 2014, including one for $50 billion, but not to worry, “the firm is proud of the work Cleary lawyers do every day.” [Am Law Daily]
* The Fourth Circuit is refusing to issue a stay in Virginia’s gay marriage case, so the state will be for all lovers starting next week unless SCOTUS decides to step in. [National Law Journal]
* Thomas M. Cooley Law School has now officially become the Western Michigan University Thomas M. Cooley Law School. If only a new name could clear its reputation. [MLive.com]
* It’s not every day that a law student with a criminal history is arrested on murder charges, but Tuesday was that day for one student. We’ll have more on this later. [San Antonio Express-News]
* “Glass is built to connect you more with the world around you, not distract you from it.” Google sure is optimistic about Glass, but several states aren’t, and have already proposed driving bans. [WSJ Law Blog]
A quality building may not be more important than a school capable of getting you a job, but there are advantages to nice buildings. If you’re going to law school, you will have to spend significant time there, so it may as well be nice. If you’re an alum, it’s always nice to see your donation to the school went to something nice.
So did your law school make the list of the top 50 best law school buildings in the world?
* Since October Term 2013 came to an end, people have changed their views about the Supreme Court. Conservatives think it’s more conservative, and liberals think it’s less liberal. Funny how that works. [Pew Research Center]
* “If a U.S. Supreme Court decision legalizing gay marriage looks inevitable, perhaps it is.” Given how quickly lower courts are issuing marriage equality victories, it’s only a matter of time before we’ll have a SCOTUS case to follow. [Bloomberg]
* Pre-law students still care about law school pedigree — as they rightfully should. Sure, scholarships are great and all, but attending a school where you’ll have a prayer of getting a job after graduation is even greater. [National Law Journal]
* Speaking of pedigree, there’s a new law school ranking in town, and Yale isn’t even in the Top 5. If that doesn’t smack of legitimacy, then we don’t know what does. We’re rolling our eyes here. [InsideCounsel]
* Cooley Law’s Ann Arbor campus may close, and students who go to the school are reportedly “pretty devastated.” Stop crying and take advantage of your loan discharge opportunities, you dopes. [MLive.com]
* When it comes to bans on same-sex marriage, for Justice Anthony Kennedy, animus is a “doctrinal silver bullet” — the fact that there was no animus involved in the enactment of many of them may be problematic at the high court. [New York Times]
* Relying on some obscure Supreme Court precedent, the Fifth Circuit saved Mississippi’s lone abortion clinic after striking down as unconstitutional a state law that would have required doctors to have hospital admitting privileges. [National Law Journal]
* Given the situation over at Bingham McCutchen, people are starting to wonder about whether all the guaranteed contracts to members of merger partner McKee Nelson’s partnership helped to shape the firm’s current financial plight. [Am Law Daily]
* Hot on the heels of Cooley Law canceling its first-year class at Ann Arbor and announcing tentative plans to close the campus, the ABA approved the school’s affiliation with Western Michigan. Yay? [MLive.com]
* Here’s one way to become a lawyer without racking up massive amounts of debt: you could try to “read” the law like Abraham Lincoln, and work as a law firm apprentice. That sounds delightful. [New York Times]
Earlier this month, we were the first to break the news that due to continuing declines in both enrollment and revenue, Cooley Law School — a five-campus empire that’s regarded by some as one of the worst schools in the nation — would not only be conducting faculty and staff layoffs, but would also stop accepting first-year students at its Ann Arbor campus. At the time, a member of Cooley’s administration said there were no present plans to phase out the Ann Arbor campus.
Alas, it looks like those plans may have changed.
Will Cooley Law be one of the first schools to succumb to the the pressures of the new normal and close down an entire satellite campus?
Please note the update at the bottom of this post.
* Law firm mergers are on a record-setting pace, with 39 thus far in 2014. Just one “megamerger” was announced in the second quarter (Patton Boggs / Squire Sanders), but hey, we still have half the year ahead of us. [Am Law Daily]
* The doctors who spent the month of June evaluating Oscar Pistorius’s mental health found that he was depressed and posed a potential suicide risk. You’d feel the same if you were facing jail time. [CNN]
* Walgreens will give $180,000 to an ex-employee with diabetes as a settlement after the store fired her for eating a $1.39 bag of chips before paying to fend off a low blood sugar attack. [San Francisco Chronicle]
* Lindsay Lohan is suing Rockstar Games over an alleged character likeness in Grand Theft Auto V. To be fair, the character does kind of look like LiLo circa her “Mean Girls” days. [International Business Times]
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: