Most every law firm — including 100 percent of the Am Law 50 — maintains a Linkedin company page. Or rather, “maintains” such a presence on that most buttoned-up of all the social media platforms. A quick look at the LinkedIn pages of the Vault top 10 shows that only two firms bothered to change their page’s default setting to display “Services” rather than the inapt “Products” tab on the navigation menu. (Kudos to Kirkland and Debevoise!) This might seem like the most trivial of nits to pick, but aren’t these firms defined by fanatical attention to detail? Yet this nonchalance is emblematic of Biglaw’s unsettled relationship with social media.
We can safely assume that Biglaw’s old guard just wants social media to get off its lawn already, but what data we have strongly suggests that, as organizations, firms believe — or act as if they believe — that engagement with social media is worth doing (paceBrian Tannenbaum). When we examine the particulars of how they are managing this engagement, firms should hope that there is truth to Chesterton’s dictum: “If a thing is worth doing, it is worth doing badly….”
* Let’s get ready to rumble! Senate Democrats are threatening to go “nuclear” on existing filibuster rules if Senate Republicans decide to band together to block Patricia Millett’s nomination to the D.C. Circuit. [New York Times]
* AMR Corp. and US Airways are reportedly trying to broker a deal with the Department of Justice that would allow the airlines’ merger to go through. And this is the room full of people who care. [Wall Street Journal (sub. req.)]
* Proskauer Rose and the zombie corpse of Dewey & LeBoeuf received a Halloween treat from Judge Martin Glenn in the MF Global case. The firms will each be receiving a combined $9 million for their work. [Am Law Daily]
* Twitter is facing a $125 million fraud suit filed by two financial firms claiming that the social media giant had them organize a private sale of shares and then canceled it. #OhShiat #LawyerUp [Businessweek]
* She’s got the right to remain topless: Holly Van Voast, the photographer famous for roaming the streets of New York with breasts bared, settled a lawsuit against the city for $40,000. [New York Daily News]
* A high school teacher admits to taking heroin before teaching. But it was art class, so if he wasn’t on something it would have seemed weird. [Daily Mail]
* Reed Smith issued a statement on the complete meltdown one of its partners had over Twitter. They did not go ahead and tell the partner to “go f@ck himself and die,” so that’s a start. [Roll on Friday]
* Man fleeing police threw a parrot at the police officer to slow him down. The parrot bit the cop. Polly wants some bacon. [The Smoking Gun]
* Anyone read through the new Google Terms of Service? Well, they’re going to start using your name and profile in sharing your endorsements of music and restaurants. Here’s how you can opt out if you don’t want people to know how much you love Ace of Base. [Electronic Frontier Foundation]
* A veteran news reporter is suing the L.A. Times for discrimination after he was fired for not “taking it easy” on former Dodgers owner Frank McCourt. The only person who went less easy on Frank McCourt was the former Mrs. McCourt’s lawyer. [Courthouse News Service]
* A financial trader is suing his lawyer brother because he lost a bunch of money investing in real estate from 2004 through 2007. It seems like something more significant might have happened to real estate around 2007. But hey, congrats financial traders! You’re officially worse than lawyers. [Daily Business Review]
* If reviews and endorsements aren’t honest, they undermine the entire process. [Associate's Mind]
* The House stenographer loses it during the shutdown debate. Have any court reporters done the same? [Chaos in the Courtroom]
* Matthew Berry and Nate Ravitz of ESPN give an Illinois law student a hard time. The discussion begins at the 34:00 mark. And then they start making fun of the school’s ranking at the 39:00 mark. [ESPN]
* TSA lets 9-year-old through without a ticket or adult help. Our security is top-notch in this country. [Lowering the Bar]
* New York attorney Bradley Dizik is the working to save Detroit’s Masonic temple from its financial woes. How screwed is Detroit? Even the international Freemason conspiracy can’t help. [Detroit News]
* Interested in national security — and getting CLE credit? [Lawfare]
* A Georgetown Law student was killed over the weekend. On a personal note, I knew Mark and he was truly great guy and my thoughts go out to his family and friends. [Washington Post]
* Maryland gubernatorial campaign promising to build another law school. Newsflash: Ray Lewis has retired! You don’t need more lawyers! [Baltimore Sun]
* The Daily Beast’s Josh Rogin mocked a stand-up act over Twitter last night. He was punched in the face for his efforts. The comic was arrested. Punching Rogin for criticizing the act was uncalled for. Punching Rogin for working for the Daily Beast on the other hand… [IT-Lex]
* Marissa Alexander, the Florida woman sentenced to 20 years for firing a warning shot at an abusive husband, is getting a new trial. Since George Zimmerman got a decorative fruit basket for actually killing someone a few miles away, Alexander has to like her chances. [First Coast News]
* Apple gave the iPhone 5 fingerprint database to the NSA. This would be a gross invasion of privacy but Tim Cook masterminded this, so the NSA got the Ecce Homo of fingerprint image captures. [Hackers News Bulletin]
* Charlie Sheen got dismissed from jury duty after only one day. #winning [TMZ]
* Gordon from Sesame Street lost his palimony case. That’s because he was trying to duck out on the woman who mothered his “1… 2… 3… 4 kids! [thunderclap] Ah… ah… ah!” [Jezebel]
* Remember the early days of Twitter? Legal Cheek went back and found some of the earliest Tweets from British legal luminaries. It’s just funnier when you imagine an English accent saying, “I appear to be on Twitter… why, I have no idea.” [Legal Cheek]
* If you saw last week’s post on crazy people who claim that no court can try them because of maritime law, check out this epic opinion from Canada. Identifying those folks, like the maritime gang from last week, as Organized Pseudolegal Commercial Argument (“OPCA”) litigants, the opinion is 180 pages seeking “to uncover, expose, collate, and publish the tactics employed by the OPCA community.” [Alberta Courts]
* Police crack down on a motorized bar stool. That’s fair, because if there’s one motor vehicle that you’re likely to fall off… [Lowering the Bar]
* An HLS grad working for the World Bank was rescued from the Kenyan mall hostage crisis. We wish her the best. [Daily Mail]
* Senator Elizabeth Warren and Professor Lawrence Lessig are going to be speaking at an event called “The Founders v. The Roberts Court: Corruption, Campaign Finance, and McCutcheon v. FEC” tomorrow at noon Eastern. The event will be livestreamed at the link. [Constitutional Accountability Center]
* Craigslist is suing Craigstruck, a company that specializes in delivering items ordered off of Craigslist. It’s how all those $5/hour attorneys get from place to place. Anyway, the owner of Craigstruck proposed to settle the legal dispute via football wager with Craigslist. If only all disputes could be settled this way. Video wager after the jump…
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: