* Dewey have some novel issues for our bankruptcy lawyers, or what? As we noted last night, now that D&L has filed for Chapter 11, they’ll have to deal with bank debt, and bondholders, and possible criminal proceedings, oh my! [New York Law Journal]
* And did we mention that Dewey’s defectors and their new firms might get screwed out of millions thanks to the recent Coudert decision? You really should’ve tried to finish up your business before the firm flopped. [WSJ Law Blog]
* Our SCOTUS justices’ summer plans don’t include debating the results of their landmark health care and immigration cases. They’ll be off to fabulous destinations to teach by the first week of July. [Associated Press]
* A federal judge in Brooklyn doesn’t like what seems to be happening in the “game of grams” when it comes to mandatory minimum drug sentencing. Perhaps the DOJ will heed his call for reform. [New York Times]
* Facebook’s IPO was an epic fail, but it’s been great business for plaintiffs lawyers. Twelve securities class action firms are gathering leads and getting ready to sue, and two have already sued. [National Law Journal]
* This wasn’t exactly well planned: if you’re involved in state politics, it’s probably not a good idea to fake a legal internship with a state representative so that you can graduate from law school. [Concord Monitor]
* In happier news, a New York Law School graduate walked across the stage to receive her diploma with the help of her seeing-eye dog. The pooch hasn’t lifted a leg on her law degree… yet. [New York Daily News]
... and so do folks down under.
* “Brothels are never going to be a vote winner.” But even so, if you’re looking to get it in down under, a plan to build Australia’s largest cathouse may soon gain approval if lawyers are able to do their work quick and dirty. [Bloomberg]
* Thanks to this case, stupid teenagers in New Jersey who send texts to others that they know are driving can now revel in the fact that they can’t be held liable for injuries that may occur thanks to careless driving. [New Jersey Law Journal]
As we know from our Courtship Connection service, the dating scene is pretty rough for lawyers in New York City — but it’s even worse if you’ve chosen a non-lawyer as your date. Laypeople just don’t understand what it’s like to be a member of the legal profession.
While you were living your carefree existence, the average young lawyer is likely six figures in debt after having gone to school for three years. He’s overwhelmingly stressed out, and he works hard for the money. Like Kenneth Kratz, he is “the prize.”
That being said, you can only imagine how pissed a single lawyer would become after he’s been given the brush-off after a first date via text message….
* Dewey get to see a member of this firm’s chairman’s office strut for a perp walk in the near future? After all, partners reportedly say that it’s thanks to him that D&L may close up shop “as early as next week.” [Law360 (sub. req.)]
* De-equitize this: Oh, how Biglaw firms in America wish that they could return to merry old England, where mandatory retirement policies for old fart partners are the norm, and the courts agree. [Legal Week]
* “We’re about to beat a dead horse here.” Even the judge presiding over the John Edwards trial got pissed when the defense repeatedly asked variations of the same question on cross-examination. [MSNBC]
* Ain’t no shame in his game (well, actually, there is). Judge Wade McCree’s lawyer says he’s sure the judge is sorry for his sext messaging. Yeah, sorry he got caught. [Detroit Free Press]
* Is this the first test of the “ministerial exception” in the Perich case? A teacher at a Catholic school was fired for getting in vitro fertilization treatments, and now she’s suing. [CNN]
* Insert your own UVA joke here, bro. Yeardley Love’s family has filed a $30M wrongful death suit against former college lacrosse player, George Huguely V. [Washington Examiner]
Just when you think you’ve seen it all, another judge goes and pulls a Weiner. In case you haven’t heard, Wade McCree, a state judge from Michigan, has been accused of sending nearly-nude photos to a bailiff via sext message. That’s right, we’ve got judicial divos posing for male pin-up shots right here in America (sorry to steal your Canadian thunder, Madam Justice Lori Douglas).
As they say on the internet, TTIWWOP — “This Thread Is Worthless Without Pictures.” Well, we’ve got one (safe for work, of course)….
* Well, this could definitely be one of the reasons why Cravath hasn’t given out any spring bonuses to associates yet this year. They probably had to spend all of their money to clean up their allegedly fly-infested cafeteria. [Am Law Daily]
* Women in Virginia will now be able to politely decline their pre-abortion transvaginal ultrasounds in favor of abdominal ones. Oh, how nice! Look at that, girls, we totally won the war on women. [CBS News]
* Things Dharun Ravi texted to Tyler Clementi on the night the latter committed suicide? “I’ve known you were gay and I have no problem with it.” Of course you knew, you watched his sexual encounters via webcam. [CNN]
* Apparently Gloria Allred will only take male clients if they’re controversial enough to keep her in the limelight. She’s representing the alleged sex abuse victims in a suit against Syracuse and basketball coach Jim Boeheim. [CNN]
* Alabama “welcomes visitors,” but reserves the right to question their papers. The state won’t get the chance to show visitors this kind of southern hospitality any time soon thanks to an injunction. [CNN]
* Someone in the Facebook marketing department must have realized that there’s no publicity like free publicity, because the company’s trademark battle with parody site Lamebook is over. [The Recorder]
* Guys at my high school used to sext nasty pictures to 13-year-old girls all the time, it was no big deal. It’s only a big deal when one of the guys is the high school’s assistant football coach. [Los Angeles Times]
* Next time you have a property dispute, talk to Charles Saulson. He doesn’t take sh*t from anyone, he just throws it. Allegedly. [New York Magazine]
* I wasn’t a fan of that Red light/Green light game when I was a kid, and this attorney probably wasn’t, either. He’s representing victims of red light camera injustice for free. [WSJ Law Blog]
* “You shouldn’t be able to go around ruining people’s lives because you’re a jilted lover.” This lawyerly Lothario must not have much experience with women. [New York Post]
From partner to pedophile. From Super Lawyer to Super Creep. It’s time for an update on the story of Aaron Biber, the high-profile Minneapolis lawyer who was going to be the next president of the Minnesota State Bar Association but is now going to be a prison inmate. For a very long time.
Aaron Biber first appeared on our radar screen in December 2009, when we named him a Lawyer of the Day. At the time, Biber — a partner at the prominent Minnesota firm of Gray Plant Mooty, and co-chair of its antitrust practice — was charged with molesting a 15-year-old boy.
The charges were true, and Biber pleaded guilty to first-degree criminal sexual conduct back in July. Last week, Biber was sentenced.
What kind of sentence did he get? And what additional disturbing details have emerged about his heinous crime?
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: