* Dewey seriously have one chairman again? Good Lord, this law firm is literally falling apart! Martin Bienenstock had “no plans to file bankruptcy” because he knew he was taking the first life raft off this sinking ship. [WSJ Law Blog]
* When Dewey WARN people? When it’s already too late. In case you missed it last night, the firm was served with its first suit following its en-masse layoffs. The more the merrier, because it’s a class action. [Bloomberg; WSJ Law Blog]
* Elizabeth Warren can’t decide whether she’s white or Native American. Apparently it depends on her geographic location, because she was white at UT Law, but a minority while at Penn Law. [Boston Globe]
* Racial profiling still ain’t easy, but Arizona Sheriff Joe Arpaio “will fight this to the bitter end.” The Department of Justice has filed a civil rights suit against the no-nonsense Sheriff and his department. [Associated Press]
* New Jersey Governor Chris Christie must be gearing up for his inevitable 2016 presidential run, because yesterday he vetoed an online insurance marketplace required by the Affordable Care Act. [New York Times]
* Syracuse Law recently broke ground on a $90M building that will serve as its new home. May political plagiarizers continue to grace the law school’s halls for years and years to come. [National Law Journal]
I wonder if the new UT dean is related to the Farnsworth on Contracts guy.
This past winter, faculty at the University of Texas were busy running their popular and successful law dean, Larry Sager, out of town. The rumors surrounding his ouster suggested that some faculty members were not too happy about Sager’s attempts to pay top dollar for certain professors. But bringing a little East Coast administration to Texas seemed to work out for UT.
We’ll see if there is more magic in that well, as Texas is about to transplant another Yankee to the Southwest….
Lat here. Not long ago, Elie and I debated the merits of Harvard Law versus Yale Law, in response to a request for advice from a prospective law student lucky enough to be choosing between HLS and YLS. Then we opened up a reader poll, in which about 60 percent of you urged the 0L in question to go to Yale.
Last week, we received our 4,000th response to the ATL School & Firm Insider Survey. (Please take it here, if you haven’t yet). Approximately half of our respondents are current law students, and in the wake of the U.S. News rankings release and the resultant hullabaloo, we thought it would be interesting to compare how the vaunted T14 stack up based on our own survey feedback.
The ATL survey asks students to rate their schools in five different categories:
Quality of faculty and academic instruction;
Practical / clinical training for the practice of law;
Career counseling and job search help;
Financial aid advising; and
After the jump, we’ll look at how the elite schools compare….
The U.S. News law school rankings are out, which means it’s open season on law school deans. Nothing puts a law school dean’s job in jeopardy like a fall in the law school rankings. Nothing. The law school deans can lie, dissemble, raise tuition to backbreaking levels, and still keep their jobs. But when law schools drop spots in the U.S. News rankings, law school deans start updating their résumés.
If you want proof, just look at how deans from schools that dropped are falling all over themselves to explain their results. The deans will say anything; their explanations don’t even have to make sense.
While deans from schools that dropped are trying to save themselves, deans from schools that went up in the rankings are crowing from the rooftops.
Let’s start with a school that we left out of our Most Honest Law School bracket that is now a rankings darling…
Our profile drew heavily upon a New York Observer piece that dubbed him “the James Bond of Columbia Law School.” What did Professor Bobbitt do to earn that sobriquet?
“His mannerisms just kind of ooze a James Bondian kind of quality,” says Vishal Agraharkar, a former [Legal Methods] student and a teaching assistant for this year’s class. “Someone who acts like that in class and outside class we assumed must have just an incredible personal life. James Bond has a hell of a personal life, so he must as well.”
Well, it appears that Professor Bobbitt, 63, does have one heck of a personal life. Over the past few days, we’ve received some rather interesting information about the good professor’s love life. The reports go something like this: “Professor Bobbitt married one of his students! Over the Christmas holiday! She’s a 3L at Columbia Law! And a Turkish princess! They were married at the Supreme Court! By one of the justices!”
As is generally the case with juicy gossip, most of this is true — but some of it is not. Here’s the real story, based on my interview with Professor Bobbitt himself. And wedding photos, of course….
Obviously, the heartbreaking news this morning is that Twinkies is filing for bankruptcy. Don’t act like I’m the only one saddened by this news. The Wall Street Journal reports that Hostess, the maker of the All-American snack, is carrying $860 million in debt and facing higher costs for sugar, flour, and whatever kind of rendered artery fat they inject directly into the center of those things.
Well, as long as SeamlessWeb is operating smoothly, lawyers will still be able to find adequate ways to become soft in the middle.
But not every lawyer. There are still a few legal types out there who take care of their bodies, and I’m not just talking about Reema Bajaj. I’m talking about lawyers who are actual athletes.
It’s a rare breed, but today we’re going to take a look at two of them. One is an Olympian, while the other is just a record-breaking weekend warrior…
As a lawyer, you’re probably looking for a way to cool down after the work day is over. You’re probably looking for a way to rid yourself of all of the pent up angst and aggression that you’ve accumulated throughout the day in the office.
Put down the bottle, alkie, because we’ve got a different solution for you. Maybe you should consider taking this lovely litigatrix’s lead, and join the local roller derby team. After all, you get to “slam into people,” and that’s what sold her on the crazy idea.
You know things are bad when U.S. News, the Holy Grail for students trying to figure out where to go to law school, is writing articles about all of the non-law related jobs recent graduates are taking just to get by.
This isn’t one of those “oooh, look at all the super-awesome things you can do with a sweet law degree” articles. U.S. News wrote a straight-out “J.D. stands for Just a Dog walker” article.
Everybody who is in law school knows how difficult the job market is. But U.S. News is giving this sobering message about “non-traditional” legal careers to people who have not yet signed up for their own financial doom.
And it turns out that even going to a highly ranked school doesn’t save you from having awful job choices…
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: