Well la dee da! Future lawyers of America, welcome to the show. She’s not a lawyer yet, so don’t hate her; root for her to win this….
– Drew Carey, host of The Price Is Right, upon learning that contestant Monique Boyce is a Georgetown law student (around 19:10 in the video). Congratulations to Monique on winning the Showcase Showdown!
Major League Baseball is a giant, soulless corporate entity committed to ruining the summer months with hours of watching guys stand around in a park interrupted by brief spurts of running upwards of 90 feet at a time. The NFL is a giant, soulless corporate entity committed to milking profit out of underpaying people to receive repeated massive head trauma. But at least the NFL puts out an exciting product.
Both of these multi-billion dollar endeavors have run to the Supreme Court to complain like the crybabies they are because technology has made enjoying their product too easy even as both have gone out of their way to make it more difficult to watch….
* Judge Victor Marrero orders MF Global to pay over $1 billion to customers. Serves those MFs right. [CNBC]
* The Second Circuit has punted on the question of whether defunct firms in New York have an ownership right to fees earned by former partners who took work to new firms. [Am Law Daily]
* Howard Morris, the former co-chief executive of SNR Denton, is joining MoFo as the head of the bankruptcy and restructuring group in London. [DealBook / New York Times]
* NBC has a new show about a criminal court judge who is a hard-living, sexually unapologetic woman. So basically a documentary about Justice O’Connor’s early years. [Deadline]
* So Detroit might be the worst place to work. Even with that caveat, it’s hard to believe this ad seeking someone to do, “whatever other crazy type stuff this (bastard) lawyer of ours thinks up.” A screenshot is provided after the jump in case the ad comes down…. [Craigslist]
* Legal education needs to adapt to reflect the fact that 50 percent of law students don’t intend to use their law degrees to work in traditional legal fields. In other words, legal education needs to adapt to people too stupid to figure out the only jobs that require a law degree are those in traditional legal fields. [New York Law Journal]
* Harvard is hosting an event on the “business of college sports.” You can learn all about the business of college sports from this video right here. [Sports Agent Blog]
Everyone’s talking right now about New York Magazine’s fascinating and fantastic interview with Justice Antonin Scalia. Some of what’s covered will be familiar to longstanding Scalia groupies, but some of it will be new. In a wide-ranging discussion with Jennifer Senior, Justice Scalia discusses everything from his pet peeves (like women cursing, or majority opinions that ignore the dissent); whether he has any gay friends; his tastes in television (hint: “No soup for you!”); and his desire to hire more law clerks from “lesser” law schools.
The whole thing is worth reading, but here are ten highlights to whet your appetite:
* A California judge sentenced a man to 53 years in prison and then officiated his wedding. So she gave him 53 years followed by a life sentence? Hey ho! [CBS News]
* Jersey Shore’s The Situation suffers the indignity of a legal defeat. I mean, if he has dignity left. [South Florida Lawyers]
* Who would make a better juror: a non-citizen or Charlie Sheen? I’d prefer to have Sheen… I don’t know if there are many crimes he wouldn’t understand. [The Atlantic]
* The results are in from Kaplan’s just completed 2013 survey of law school admissions officers. The headline is that 54 percent of law school admissions officers report cutting their entering law school classes for 2013-2014 and 25 percent plan to do so again next year. Time to build another law school! [Kaplan Test Prep]
* A comprehensive list of the crimes committed by Batman in Batman Begins. And I’m not entirely sure everything he did in his hostile takeover of Wayne Enterprises was on the up-and-up either. [Salt Lake Tribune]
* The recycling of policy debaters into litigators brings good and bad habits to the legal profession. On the plus side, there’s the refined research skills. On the other hand, stenographers have a hard time keeping up. [Houston Law Review]
* The new song “Lady Justice” by lawyer-artist DNA (featuring Zoha). He’s already figured out that all the good songs these days have to be “featuring” someone. Song after the jump…
* Law firms are getting out-hustled by a number of other service providers. [ABA Journal]
* Lawyers are terrible leaders. And if you don’t understand business, you can’t really be a good advocate. This also explains why firms are getting out-hustled per the prior item. [Fashion Law Blog]
* The Supreme Court Historical Society & The Historical Society of the New York Courts Present are hosting a CLE event called “Learned in the Law: Role of the U.S. Solicitor General…a New York Point of View” on October 25. Tickets are $30. [Historical Society of the New York Courts]
* Sri Srinivasan was sworn in as a member of the D.C. Circuit by Justice Sandra Day O’Connor, who called him “fair, faultless and fabulous.” The man must have great shoes. [Washington Post]
* Things aren’t going very well for Steven Donziger in the Chevron / Ecuador case now, but then again, they never are. The Second Circuit denied his bid to oust the judge on the case. [Bloomberg]
* Dewey know how much this failed firm’s ex-landlord wants from 450 of its former partners? Somewhere in the ballpark of $1.6 million to $45.45 million, so it could be painful. [Am Law Daily]
* Kilpatrick Townsend & Stockton has already named a new chairman. Congrats to J. Henry Walker IV, a man whose name alone makes it sound like he should probably leading something. [Daily Report]
* Time is running out for prosecutors to bring charges against those connected to Bernie Madoff’s Ponzi scheme, but it looks like his niece, a Fordham Law grad, is in their sights. [DealBook / New York Times]
* The series finale of Breaking Bad airs on Sunday, and you must be very sad, so here are five compliance lessons to take away from the show. First and foremost, don’t ever hire a Pinkman. [Corporate Counsel]
* E.A. Sports and the Collegiate Licensing Company settled the suit filed against them by college athletes, leaving the NCAA to whine, moan, and “take this all the way to the Supreme Court.” [Birmingham News]
* George Zimmerman’s wife says her husband “went on a victory tour” without her, and has no idea where he is. Clue: maybe he was advising Cybill Shepherd for her role on Law & Order next week. [Miami Herald]
* Sort of, not really spoiler alert: Saul Goodman apparently left New Mexico and joined Covington’s D.C. office. That’ll be a good fit. [Legal Cheek]
* There’s a Broadway version of A Time to Kill? And Fred Thompson is in it, because this is a lot better than putting in that modicum of effort it takes to mount a campaign for president. [A Time to Kill on Broadway]
* A bestselling author is suing USC for discrimination. I find that hard to believe. If USC turned any discriminating eye toward hiring, they wouldn’t employ Lane Kiffin. [Courthouse News Service]
* Check out the new book by former firm partner Liz Brown about the process of leaving the legal profession. [Life After Law (affiliate link)]
* A humorous take on the Supreme Court’s preparations for the new term. Justice Ginsburg is basically a Time Lord. [McSweeney's]
* Class certification is denied for the Thomas Jefferson School of Law grads alleging the school misled them with false and inaccurate employment statistics. The case was doomed from the beginning, because there’s nothing “typical” about TJSL students! [San Diego Courts]
* Lawyers defending the accused rapists of a Naval Academy Mid asked the victim to describe her oral sex technique, if she “felt like a ‘ho,'” and if she wore underwear. The goal was to teach Afghanistan to be more like the U.S., not to teach the Navy to be more like the Taliban. [Jezebel]
Andrew Kravis, recent Columbia Law School grad and new millionaire.
Congratulations to Andrew Kravis. He graduated from Columbia Law School this past May, but he’s already earned enough money to pay off all his student loans.
And no, he doesn’t work at a hedge fund or private equity firm. He doesn’t even work in Biglaw. He’s a public interest lawyer, about to start a fellowship at Lambda Legal, the nation’s oldest and largest legal organization working for LGBT civil rights. He was honored upon graduating from CLS as one of two students “who have demonstrated outstanding achievement in the furtherance of lesbian, gay, bisexual, and transgender rights.”
So how did this outstanding do-gooder also do so well? How did he earn enough money to pay off all his student loans, and then some — a cool $2.6 million, to be exact?
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.
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: