Yes, there are going to be a lot of Simpsons references this week.
Moving on, it’s back to school time, which means campus brick-and-mortar bookstores all across the country are actually seeing some business. Forcing students to buy physical books is a good business to be in. The utility of running a textbook scam can be explained in one helpful chart:
You can blame your professors for this. Every student can get every case they need with a complimentary legal search password (thanks to our advertisers), yet professors still assign reading from casebooks. Even more incredibly, professors still write casebooks! And then those casebook publishers go out of their way to rip off students with multiple editions. There was even a cockamamie plan to prevent casebook resale that had to be beaten back by public outrage.
But, professors can also help students avoid unnecessary and costly book fees. Faculty members at one school fought back against their administration on behalf of their students…
One of the worst parts of attending an institute of higher learning, whether for undergraduate studies or law school, is being forced to purchase overpriced textbooks that in all likelihood you will never need or open.
A cottage industry has sprouted up for people trying to find ways to let students pay less for the costly laptop stands. These days, students can take advantage of local used bookstores, Amazon or eBay, and in some cases, their iPads.
Earlier today, the Supreme Court agreed to hear a case regarding the legality of one unexpectedly common way to make a little cash, and still sell affordable-ish books: buy that s**t abroad for cheap, bring the books back to the U.S., and sell them online for normal American prices.
Unsurprisingly, publishers are not excited about this emerging “gray market.” That’s where SCOTUS comes in….
* Looking for a way to shield your assets during a wrongful death suit? Just adopt your adult girlfriend. It has “nothing to do with the lawsuit” — dude just wants to bang his daughter. No big deal. [Palm Beach Post]
* Unpaid internships are so last season. A former intern for fashion mag Harper’s Bazaar wants class action certification for a lawsuit claiming that her free labor violated wage and hour laws. [New York Times]
There is nothing I hate more than people who try to use the law to change the facts of history or science. I hate when Creationists try to take their Sunday School teachings into science class. I hate when Confederates try to retell the “War of Northern Aggression” in a way that ignores the abject racism that started the entire conflict. And I hate when parents sue because history textbooks aren’t sanitized to include enough bunny rabbits and rainbows when they are educating children about slavery.
That last thing is new. I only realized parents like this existed when I read a story in the Macomb Daily (gavel bang: ABA Journal). Apparently an African-American parent got angry over “outrageous statements” in a textbook used in his daughter’s class. The outrage: the textbook used the n-word… in the context of teaching children about the history of slavery in this country.
He claims his daughter was traumatized by the book, and he’s seeking more than $25,000 damages from the school.
Please God, let’s hope he doesn’t get it. Everybody should be “traumatized” by slavery when they first hear about it in grade school. It was a goddamn traumatic thing to put people through. And we can’t live in a world where that trauma is banished from our history books….
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: