History is littered with examples of Aussies sticking it to the Brits: from early convict rebellions to the time Rupert Murdoch bought our favourite tabloid newspaper, The Sun, and had a photo of a topless woman placed on its inside page each day — a tradition that continues to this day (semi-NSFW link).
Last week they were at it again when Australian law firm Slater & Gordon used some of the millions generated from its 2007 public listing — the first ever for a law firm — to snap up the large British personal injury firm Russell Jones & Walker (RJW), in an unprecedented £54m ($85 million) cash and shares deal. Once again, the people of the U.K. were left shaking their heads.
Of course, we should have seen it coming. British lawyers have been talking about the deregulatory provisions of the U.K. Legal Services Act (LSA) for years now. And it’s not as if we haven’t been watching the rapid growth of Slater & Gordon — where turnover, staff numbers and office locations have nearly tripled since the firm responded to Australia’s enactment of a similar law by going public — with eyebrow-raised interest from afar.
For some reason, though, we failed to put the two together….
As Europeans from the sun-dappled Mediterranean to the icy North Sea brace themselves for doomsday, I thought I’d ignore the wildfire-like turmoil sweeping my continent to write you a sweet little piece about the difference between British and American English.
The hook, as we say in the U.K. media, is the Economist’s recent ‘British Americanisation’ survey. As with most things produced by the Economist, it’s pretty dull, revealing, amongst other things, that some British people have started saying ‘vacation’ instead of ‘holiday’. Others have begun traitorously moving the stress on the word ‘controversy’ from the second to the first syllable. Crazy, eh?! But I know marginally more about linguistics than economics, so I’ll plough on.
Actually, I’m underselling this column. I’ve been wanting to write something ‘you say tomato, I say tomato’ for ages, because British people’s use of Americanisms is highly revealing — about them, about the U.K.’s relationship with America, about the continuing popularity of U.S. T.V. series on these shores….
If you want to go to law school but can’t get into an ABA-accredited one, something is wrong with you. Sorry. Maybe you were raped by a scantron sheet when you were young or a freak boating accident left you unable to read brochures, but something is not right if you can’t get into law school but really want to.
And I really don’t care if you had some kind of culturally difficult upbringing or have some kind of trumped-up attention disorder or if you are a deaf-freaking-mute, because I’m sure that intelligent abused orphaned deaf-mutes suffering from ADHD with Daddy issues can easily get into accredited law schools, given the totally minimum barriers to entry into such programs. You have to fill out some forms and take a multiple choice exam without scoring significantly worse than random chance, and you’re in!
A while ago, The Economist came out with an article that we’re just circling back to now. It talked about a book written by Clifford Winston and Robert Crandall, of the Brookings Institution, and Vikram Maheshri, of the University of Houston, in which they argue that there is actually an undersupply of American attorneys, due to the stiff barriers to entry into the profession.
I’m not sure that these guys understand that the barriers to entry — such as they are — aren’t just there to protect lawyer salaries. Lawyers are trying to protect the consumers of legal services too…
It has been a proud time for us Illinoisans. Yes, one of our congressmen is the hottest and fittest of them all. As I was “reading” the Men’s Health cover story (i.e., drooling over the shirtless photos of Aaron Schock), I realized that times are changing. Gone are the stodgy and round politicians. The future is lean, mean and pre-teen.
According to Law Firms: A Less Gilded Future — the Economist article discussed in nearly every law-related tweet last week, and mentioned twice (here and here) in these pages — Aaron Schock is the model for law firms as well….
* The three defendants in the civil wrongful-death action brought by Robert Wone’s widow are keeping their mouths shut. [National Law Journal]
* But their former house is open — and once again on the market, for the tidy sum of $1.6 million. [Who Murdered Robert Wone?]
* Professor Eugene Volokh wants to know, with respect to wearing religious head coverings to court, can’t we all just get along? [Volokh Conspiracy]
* Congratulations to Lavi Soloway and his client, Henry Velandia, whose deportation proceedings have been adjourned — due in part to a recent decision by Attorney General Eric Holder, vacating a BIA decision in another case involving a same-sex couple. [Poliglot / Metro Weekly]
* Speaking of judges and gay marriage, maybe Justice Kennedy should trade Salzburg for São Paulo this summer. [ABA Journal]
* Speaking of the state of the legal economy, we’ve already linked to the big Economist article on the legal profession — but check out this great photo, in case you missed it. [The Economist / Tumblr]
* Kesha’s publicist really needs to talk to Kesha’s lawyers about filing lawsuits that make Kesha Ke$ha look lame. [Thomson Reuters]
* You don’t really think you’re going to get a law school to roll over and pay $40 million to snookered students like a cooking school would? Crappy law schools might not be training great lawyers, but they can certainly afford to hire some. [Inside Scoop SF]
* How to subpoena information put on Facebook, or as I like to call it: “How to ruin it for everybody.” [An Associate's Mind]
* “A less gilded future”: an overview from The Economist of the state of the legal economy. [The Economist]
* Chief Judge Kozinski isn’t the only one who loved the new movie Atlas Shrugged. [Dealbreaker]
* Monica Goodling gets a public reprimand by the Virginia state bar. In other completely pointless actions, I just high-fived a Mexican for Cinco de Mayo. [Virginia Lawyers Weekly]
* Speaking of which, I’ve had too many tequila shots today to get hyped up about the Confederate flag. [WSJ Law Blog]
* Seriously guys, take the hint, it’s Cinco de Mayo — it’s okay to sneak out from work and have a drink with friends… assuming you still have friends. Here are some fun facts and music to get you in the mood. [Christian Science Monitor]
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: