Over the years, we’ve covered many Biglaw employees who have been accused or convicted of insider trading. This should come as no surprise, given the confidential and market-moving information that regularly flows through the hallways and computers of leading law firms.
The latest accusations of insider trading involve a lawyer who worked at a white-shoe law firm. This individual stands accused of taking confidential information he was privy to by virtue of his work and passing it along through a middleman to a broker, who then allegedly traded on it. According to the Securities and Exchange Commission, the scheme generated over $5.6 million in illegal profits, with over $168,000 going to the Biglaw tipster.
At which elite law firm did this defendant work, and from which school did he receive his law degree?
O frabjous day! Callooh! Callay! On Friday, California bar exam results came out (and 55.8% of applicants passed, with a pass rate of 68% for first-time takers, meaning that just one stat is up (barely) from last year’s results). And today, we’ve finally got a list of the passage rates for the July 2013 administration of the New York bar exam by law school.
In 2012, more than half of the state’s law schools saw their pass rates take a tumble. In 2013, more than half of the state’s law schools were able to improve their pass rates, and in some cases, by epic proportions. The state’s overall pass rate for first-time takers jumped by two percentage points.
So which law schools’ pass rates climbed, and by how much? And which school sank like a stone?
I feel like you could do a whole reality series on moot court participants. You could call it “So I Didn’t Make Law Review,” then just film the moot court people as they try to justify moot court participation as a valuable thing that employers really care about.
Come on, we all know people who take “pretend court” very seriously, secretly thinking that their experience is actually even more valuable than law review… because pretending to do appellate argument is sooooo very much like what a first-year associate does every day.
Today, we have a Touro Moot Court student taking the “very seriously” to the next level. This student has decided to criticize other moot court students for not taking moot court seriously enough. I’m not making that up, we’ve got a person who couldn’t make law review at Touro criticizing other Touro students for not making the most of their Touro experience…
What can you get a prospective law student who has everything? How about a free application to Touro Law.
I’m assuming of course, that you’re getting gifts for people you hate. If you like this prospective law student, you should get them the gift of a slap upside their head whenever they talk about taking the LSAT.
Anyway, back to Touro. The Dean of the Law School, Patricia Salkin, sent an interesting message to Touro alums this holiday season. She asked them to “share their stories” with students who are still on the fence about going to law school.
Yes, Touro grads, by all means, share your cautionary stories with people who can still pull themselves back from the law school precipice….
Candidate Mindy Meyer — slogan “I’m Senator and I Know It,” in diamond bedazzling — is running for New York State Senate, on both the Republican and Conservative Party lines. Meyer is a former judicial intern for the Honorable Judge Rivera in the Kings County Supreme Court and currently attends the Touro College Jacob D. Fuchsberg Law Center in Central Islip, New York. If elected, she pledges to transfer to Albany to continue her studies. Fair enough. It’s not like the New York legislature does enough work to interfere with a full-time law school credit load….
We’re a little bit late with April’s lawyer of the month reader poll. First of all, we’ve been doing a lot of reader voting so far in this month. (There are still a few hours for you to vote in our Law Revue Video Contest.)
The other reason why we’re a bit delinquent this month is because we think we know who is going to win. It’s not every day that a recent law grad finds himself trying a murder case — and getting reprimanded by the judge for “lack[ing] knowledge of proper trial procedure.”
Such is life during the Obama “recovery.” Check out this month’s nominees below…
Look, Touro Law students and alumni, please don’t get mad at me. I’m just the messenger.
The Washington Post is reporting that a D.C. Superior Court judge, William Jackson, declared a mistrial in a murder case on Friday so that the defendant could fire his lawyer. The attorney, Joseph Rakofsky, a 2009 graduate of Touro Law School, showed “numerous signs” that he “lacked knowledge of proper trial procedure,” according to the judge.
If you are wondering why people sometimes make fun of Touro and other very low-ranked law schools, it’s because this kind of stuff is straight-up embarrassing. Good schools try to not let people like this into to law school, and they certainly don’t let them depart so poorly trained.
But most damning of all is that Joseph Rakofsky doesn’t even seem to understand how totally embarrassing this result is for him. The kid is bragging about the result, on Facebook…
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!