* Mmm, the taste of money. Kirkland & Ellis and Ropes & Gray are assisting in TPG Capital’s $750M investment in Chobani, a Greek yogurt everyone (except me) absolutely loves. [Am Law Daily]
* A partner from the DebtStoppers law firm was arrested earlier this week after he was accused of refusing to pay a $950 bar tab. Well, we guess that’s one way to stop debt. [RedEye Chicago]
* The FBI raided an Ohio law firm this week, possibly in connection with a client’s murder outside its doors and one of its attorneys calling in a courthouse bomb threat. [Northeast Ohio Media Group]
* Canadian karma: As it turns out, graduates of the newly approved Trinity Western University Law School won’t be able to practice law in Ontario because of the school’s “abhorrent” anti-gay policies. [GlobalPost]
* Tony Buzbee, regent of the Texas A&M System, donated $1M to Texas A&M Law to fund the Johnny Football Endowed Chair. Okay, not really, but it’d be a lot cooler if he did. [Fort Worth Star-Telegram]
Games are underway. Your daily routine of blowing off work to read Above the Law is now complemented with blowing off work to watch a streaming CBS feed. If you’re going to do anything legal today — and I mean “legal” both as “law work” and “not illegal” — you might as well vote on the worst law school in America.
Polls for all 16 first-round matchups appear below. Get down there and vote for your favorites. Or least favorites, as the case may be.
Whatever you do, may your degree not be permanently sullied by this competition….
Now that you’ve listened to the Above the Law editors draft their picks for the Worst Law School in America, it’s time to start filling out your brackets. The official ATL selection committee arranged the picks into a bracket retaining the integrity of the seeds, but otherwise shifting teams around to avoid having an editor’s teams face off in the first round.
While at the AALS conference this weekend, talking about law school rankings, I joked: “The average man on the street would rank Princeton Law School as a top-five institution.” I was making the point that “prestige” rankings exist in the eyes of the public, whether or not they are memorialized by U.S. News.
Law schools that lack prestige are always willing to tell prospective law students that their school is very “well respected” in its market. Failing that, they try to tell law students that prestige doesn’t matter. And from the perspective of a twenty-something who has never worked in the legal community, it makes sense that prestige is overrated. It makes sense that people would value the skills you have over the law school you graduated from.
But in the real world, employers are not obligated to make sense. Students learn the hard way that the prestige (or stigma) of your law degree has real-world effects on your employment prospects, probably for the rest of your career.
A group of law school graduates would like to do something about their own stigmatized degrees. Since their school has gotten a prestige upgrade since their graduation, these alumni now want new diplomas to reflect that prestige bump…
* As previously discussed, Morgan Lewis partner Leslie Caldwell hopes to take over where Lanny Breuer left off at the DOJ Criminal Division. Her nomination was formally announced this afternoon. [Blog of Legal Times]
* Judge Scheindlin doesn’t want to end stop-and-frisk in New York City, she wants to end racial profiling, so you can’t have a stay pending your appeal to the Second Circuit, Mayor Bloomberg. [New York Law Journal (sub. req.)]
* Dewey know which companies were the latest to be sued by the failed firm’s liquidation trustee to recover funds paid out in the days before it went under? Yes, and Dial Car is really pissed off. [Am Law Daily (sub. req.)]
* Let’s face the facts: no one’s goal as an attorney in Biglaw is to make it drizzle. Because “law firms don’t know when to fold when trying to hire lateral partners,” they sometimes wind up with the opposite of what they want amid their ranks. [The Lawyer]
* Texas Wesleyan Law has been Texas A&M Law for only a few weeks, but new traditions are already being made for Aggie lawyers. Now when students enter a classroom, the professors say “howdy.” [KBTX]
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.