* 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]
* Kodak got the go-ahead for a $950M bankruptcy financing deal. Just think, if you had taken pictures using a film camera instead of a digital one, we probably wouldn’t be telling you about this. [Bloomberg]
* Rod Blagojevich will report to prison for his 14-year sentence on March 15, and he hopes to do so with “dignity” (i.e., no cameras). But you can be damn sure he’ll have his hair did, just in case. [Chicago Tribune]
* To be fair, the University of Maryland School of Law doesn’t really have time to worry about that parking job. The university might have to pay up to $500K in legal fees thanks to a lawsuit filed by the school’s environmental law clinic. [National Law Journal]
Yesterday, we brought you news of a job opportunity that is currently available on the University of Maryland School of Law’s Symplicity job bank. When we first wrote about the listing, we called it a “career services nightmare.” After all, the job had more to do with orange parking cones than the law.
As it turns out, the powers that be at Maryland Law weren’t very happy that Above the Law called them out. Instead of hanging their heads in shame for trying to sell a job as a parking garage manager to its students, the career development office issued a vigorous defense of this exciting opportunity in vehicular supervision and coordination.
The email was written by the assistant dean for career development herself. What did she have to say?
It was rumored that the law school’s dean, Phoebe Haddon, fought valiantly to keep tuition from rising due to students’ hefty debt loads and the “impact of the economic downturn on the legal employment market.” At the time, we gave Maryland Law major kudos for protecting its students from tuition increases. Now, we wonder if a just little more tuition money would have prevented this career services nightmare.
As it turns out, even students who attend a top 50 law school are in danger of landing awful jobs, especially when the career development office is offering up gems like this one….
Over a year ago, Lat and I had a good debate about whether a student already in law school should finish the effort or drop out and cut his losses.
Somewhat predictably, I advocated getting out while the getting was good.
I don’t know what happened to that student. But I recently came across a student who was a part of the class of 2010 and dropped out, voluntarily, in 2009. Yeah, I found a guy who saw the writing on the wall after the dark days of 2008, had the foresight and the bravery to quit throwing good money after bad, and left law school.
Sure, I found him now that he’s unemployed and literally running out of food as we speak. But that’s hardly the point. The point is that he’s doing something exciting with his life. The point is that he’s still alive, and still trying to make a difference in this world.
And trust me, if you ever are living in a world overrun by zombies, you’re going to want to make your way to this guy’s house. He’ll be prepared for the worst….
* Did you get an email from Paul Ceglia about enlarging your penis? If so, it’s because lawyers at Gibson Dunn exposed the fraudster’s passwords in a court filing last week. Oops. [Bloomberg]
* A computer hacker in California got six years for sextortion and cyberterrorism. Ladies, this is just another reason to save your nude pictures on your flash drive, not your hard drive. [CNN Justice]
* An Ohio man who stopped paying into the office lottery pool is suing for a share of his co-workers’ $99M jackpot. You get what you pay for, and in this case, it should be nothing. [Fox News]
There has been a lot of talk in the media lately about how law schools are failing to adequately prepare recent graduates for the working world. Because after having your nose in a book for three years, let’s face it, you probably don’t know how to do “useful things with the law” that would actually help a client.
And in the spirit of killing two birds with one stone, law schools may soon have a solution for both of these problems. Instead of inventing temporary jobs to make you “practice-ready,” they might invent a whole law firm….
If your law school sells its naming rights but keeps tuition flat, would you protest? That’s the question facing students at the University of Maryland School of Law. They woke up on Monday morning to find out that instead of going to an easily identifiably state law school, they’ll soon be going to something called the Francis King Carey School of Law.
(Good thing you can spell that name without the letter “T.”)
Of course, so long as U.S. News keeps identifying the school as “Maryland” in some fashion (the same way that “Levin School of Law” never obscures the University of Florida affiliation), I doubt this name change will affect how the school is regarded. And since Maryland is not raising tuition, the administration needed to raise cash in some other fashion.
So all things considered, I’m guessing Maryland Law students are pretty happy with this outcome. Right?
Yesterday we talked about a couple of schools that fell in this year’s U.S. News law school rankings, whose deans promptly devoted school-wide emails making excuses for their programs dropping. Predictably, they criticized U.S. News’s latest methodology, even though this year’s formula did a better job of focusing on factors law students actually care about (like jobs, not donuts).
We asked you to send us other responses from law school administrations regarding this year’s rankings. And, ye Gods, foot soldiers with no clear mission or exit strategy in Afghanistan aren’t bitching and moaning as much as law school deans are just because U.S. News prefers schools that get their students jobs. If these crybaby deans could care about the employment outcomes of their students half as much as they care about the U.S. News rankings, then going to law school wouldn’t be such a financially dangerous option and their schools would do better in the rankings.
Today I just want to focus on a few schools that did better in the rankings this year, yet still found the time to bitch about U.S. News. You expect schools that drop to be dismissive of the rankings, but when schools that are bathed in rankings glory are unsatisfied, that’s a little bit more interesting….
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: