* The DOJ is seeking treble damages against Lance Armstrong over his USPS sponsorship funds, alleging the athlete was “unjustly enriched.” This lawsuit is clearly on steroids; the bike dude’s got an eye for that sort of thing. [NBC News]
* Dewey know how much Steven Davis had to fork over to the firm’s estate to settle its mismanagement claims against him? It’s pocket change compared to what some former partners had to pay into the partner contribution plan. [Am Law Daily]
* “Golden handcuffs,” law school style: the Texas attorney general’s office is looking into the UT Law School Foundation. Apparently giving out forgivable loans to law profs like candy is a big no-no. [Austin Business Journal]
* Duncan Law hopes to get ABA accreditation through its conflict resolution center, which will “attract more students.” Yep, because more students equals more job opportunities. [Knoxville New Sentinel]
* The accused ricin guy might’ve been a whackjob, but the charges were dropped. His lawyer believes he was framed by a guy who was recently arrested on child molestation charges. Cray! [Bloomberg]
* Edward de Grazia, defender of sexually explicit novels in Jacobellis v. Ohio, RIP. [New York Times]
Today, we present the first installment of our three-part series of Google Hangouts aimed at helping prospective law students navigate the application process and the first year of school. With the assistance of our very own Joe Patrice and Elie Mystal hosting the program, we are joined by Nicholas, a 1L at the University of Texas Law School and Jenna, a 2L from Florida State who transferred from Nova Southeastern and landed a summer position at Greenberg Traurig.
Future hangouts will feature a professor from Harvard, the president of BARBRI, Biglaw hiring partners and associates, and more current law students. Prospective students can sign up here to get more news and resources to begin their legal careers….
* The Senate approved a bill that will keep the government running through September, and it will likely pass in the House, but much of the sequester is still in place. I think we’re supposed to be excited about this. Uh… yay? [Wall Street Journal (sub. req.)]
* Sorry, folks, but you’re going to have to continue taking the LSAT in order to get into law school because the ABA says so. Drop that $118 into the burgeoning money pit that is law school, stat! [National Law Journal]
* You must remember that time when the University of Texas Law School Foundation authorized $5.5M in forgivable loans to faculty. Well, now the regents are calling for a probe. Yikes! [San Antonio Express-News]
It’s about that time: law school tuition deposits are due in a few weeks, and the class of 2016 will soon be bilked out of hundreds of thousands of dollars in exchange for questionable promises of an improving entry-level job market. So obviously this is a great time for rolling out the latest set of dubious law school rankings.
While GradPrograms ranked the top 25 student-rated law schools, as well as the best law schools for financial aid, we’ve decided to focus on one of the most important parts of the law school experience: your social life. Now let’s be perfectly clear, if these were colleges, they’d be called “party schools.” But because they’re law schools, there needs to be an air of highbrow prestige — hence these “social life” rankings.
Let’s find where you can go to law school and still party your face off….
* You surely must remember former UT Law dean Larry Sager and his controversial $500K forgivable loan. Well, as it turns out, the school is now condemning the practice as inappropriate, and calling for its permanent suspension. [Texas Tribune]
* Someone finally sued a power company over its horrendous response to Hurricane Sandy. The Long Island Power Authority should’ve seen this lawsuit coming, but was woefully unprepared. Figures. [Bloomberg]
* I can haz copyright infringement? Internet memes are all the rage — we even had our own contest — but you may find yourself wading into dangerous intellectual property waters with improper use. [Corporate Counsel]
* Papa John’s is facing a $250M class-action lawsuit for spamming its customers with text messages advertising deals. With share prices dropping, it must suck to be Peyton Manning right now. [CNNMoney]
* 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….
Much has been said about the baleful impact of the U.S. News hegemony over the law school rankings racket. Probably the most trivial of these effects has been the establishment — based on USN’s dubious methodology — of a static tier of 14 elite schools. And as “collective numerical names for elite groups” go, “T14” must be among the most inelegant and arbitrary-seeming. (By contrast, the exemplar of the genre must be “Sweet Sixteen / Elite Eight / Final Four.”)
As noted earlier this week, the composition, if not the precise order, of the T14 has been basically constant for more than a decade. All the “action” is at number 15, with UCLA, Texas, and Vanderbilt all claiming at least a piece of that spot since 2009.
So we asked you: which school should rightfully claim — and maintain — the 15th position? More than 1,100 of you responded. Quite a few felt that there simply is no other school worthy of inclusion in the top tier; the 14th position is simply where we have to draw the curtain between First Class and Coach, and that’s that. Many more respondents made a case for one of the three top contenders or a write-in candidate. (The three most common write-ins were, in descending order, USC, George Washington, and Washington University in St. Louis.)
After the jump, we’ll reveal the people’s choice for the 15th and final spot in legal academia’s most exclusive club, as well as arguments for and against each of the contenders….
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….
Occasionally we have an opportunity to look at how soft law school has become. Gone are the trials by fire immortalized in the book One L. Now it seems that law schools are taking their teaching cues from Harry Potter and Professor Dumbledore.
At the University of Texas School of Law, they’ve divided their classes into “societies” that compete against each other in games, wear special uniforms, have dedicated house mentors, and employ special Care Bears who hug people when they get back from the library. Okay, one of those things isn’t true.
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: