* It’s Obamacare week at the Supreme Court, and people have been waiting in line since Friday morning to see the oral arguments. It’s kind of like Black Friday, except more people care about affordable TVs than affordable health care. [New York Times]
* Growth in the NLJ 250 increased by 1.7 percent in 2011. That’s fantastic for Biglaw, but associates at these firms care more about the growth of their bank accounts. Seriously… where are the spring bonuses already? [National Law Journal]
* George Zimmerman’s lawyer says he doesn’t think the “stand your ground” law applies to Trayvon Martin’s shooting. This was just self-defense — against Skittles. [MSNBC]
* The finalists for deanship at Baltimore Law include a Patton Boggs partner, an assistant attorney general, a law school dean, and two law professors. But which will be able to stand up to Bogomolny? [Baltimore Sun]
* Since blogging allows “big personalities” to run free, does the prosecommenter, Sal Perricone, have a bright future ahead of him here at Above the Law? Let’s see what David Lat has to say about that. [Times-Picayune]
* Millionaire John Goodman has been convicted of DUI manslaughter and vehicular homicide charges, and now he’s facing 11.5 to 30 years in prison. Boy is his girlfriend-slash-daughter going to miss him. [CNN]
* All your base are belong to… Rick Santorum? Error! Malfunction! Super Tuesday was not quite as super as Mitt Romney was hoping for. Looks like it’s time to reprogram the Mitt-bot so he can conquer the true conservatives. [CNN]
* Complete pwnage: a handful of LulzSec hacktivists were arrested after their leader, an FBI informant, turned on them. How will this affect the Anonymous movement? More importantly, who cares? [New York Times]
* No postponements for you, Casey Anthony. Try as she might, the acquitted ex-MILF just can’t escape the defamation lawsuit filed by a woman who was only supposed to be make believe. [Washington Post]
* Remember Phillip Closius, the former dean of University of Baltimore Law, who said the university was raiding the law school’s funds? Yeah, he was totally right. Just guess what percent of the law school budget was going to the rest of the university. Starts with “A” and rhymes with “dot.” [National Law Journal]
* The humanity! Oklahoma’s worst fears have come true; American judges are enforcing Sharia Law! Whatever are we going to do? There is no solution in sight — except to maybe stop overreacting… [CNN]
* Mitt Bot won in both Arizona and Michigan last night. Can we send Santorum back to the 16th century yet? [Washington Post]
* Twenty-five suspected members of Anonymous were arrested across Europe and South America. They ain’t anonymous anymore. [New York Times]
Some people, once they have been defeated, simply give up and fade into the cold, dark night. But others refuse to lie down and be devoured by wolves. Like Liam Neeson, they tape broken bottles to their fingers and strap their hunting knives to their frostbitten hands and fight until there’s nothing left.
A now ex-lawyer from Maryland seems to fall under that second category. She seems to have tried every trick in the book (and several not in the book) to fight getting disbarred.
It didn’t work. And now she’s on the receiving end of an absolutely vicious benchslap.
Was our ex-lawyer of the day unethical? Perhaps. Unprofessional? Maybe. But you can’t say she didn’t try…
Perhaps there is an everlasting reward for those who won't wantonly take advantage of law students?
You might remember the story of brave Philip Closius. He is the former dean of the University of Baltimore School of Law. He gets to be called “brave” because he went down fighting for the financial security of his students and future UB Law students in the face of another university president who treated the law school like a cash cow.
Dean Closius might have lost his individual battle with University of Baltimore President Robert L. Bogomolny, but he may have won the war.
Today, Baltimore announced a plan to give its law school an extra $5,000,000 to play with….
On Friday, Dean Closius blew the lid off the way the University of Baltimore has been making money off the backs of the UB Law School, despite the down legal economy. Evidently, the UB administration took the weekend to examine its motives. Then, on Monday, UB President Bogomolny struck back hard. He sent an open letter to the U. Baltimore community (and the media), disputing Closius’s claims.
Oh, the University still takes money from the law school. A lot of it. President Bogomolny just claims that the University retains less than Closius says it does.
Yes, these kinds of “juking the stats” discussions are usually handled behind closed doors, but now we all get to see it…
* I’m flying this weekend for the first time in over a year (it couldn’t be avoided). I’ll need to brush up on what rights I still retain during air travel. As long as I acknowledge TSA’s droit du seigneur to my wife, I’m allowed to carry an unopened water bottle on board, right? [Legal Blog Watch]
* Lat imagined a future legal career for Casey Anthony that starts with a Anthony getting a GED (before clerking on the Supreme Court and becoming a law partner of Jose Baez). But doesn’t Hustler seem like something more in her wheelhouse? [Gawker]
* Have we done irreparable damage to our credit rating, unless we can prove we have a legal “fail-safe” in case a vocal Tea Party minority hijacks the entire freaking nation again? [Blackbook Legal]
Are law students being financially victimized by their universities?
It’s the not-so-veiled secret of the law school tuition game: law schools are the cash cows of the university system. University presidents, often feeling a budget crunch from a decrease in state educational funding or weak, recession-era fundraising initiatives, know they can get cash out of law schools. For some reason, law students always seem willing to pay more for the same education.
When the New York Times wrote its big exposé on law school funding, I highlighted this exact issue. The most interesting part of that Times article was the research David Segal did into how much money universities take from law school coffers. After the article went up, I wrote: “[N]obody in their right mind would pay hundreds of thousands of dollars to get additional education in some of this crap, because they know they’ll never make enough to justify the cost. The university needs to subsidize that education in some way — and so they turn to law schools.”
Apparently, we didn’t know the half of it. One brave law school dean has been asked to tender his resignation by his university president. On his way out of the door, the dean decided to shine a light on the whole ugly mess of law school economics…
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: