* Congress could throttle tech innovation with two words. Thankfully, I don’t think Congress knows any two words beyond “defund Obamacare.” [Slate]
* The University of Washington was slapped with a $720,000 fine for withholding documents from a professor suing the school for gender discrimination. Every time something bad happens to the University of Washington, an angel gets its wings. Go Ducks! [Chronicle of Higher Education]
* The ABA has issued its draft report on the future of legal education. Highlights include recommending a 50% tuition cut. Ha! Just kidding. [Associate's Mind]
* Congress is targeting the people who are really making off like bandits: poor people on food stamps. But there’s another link in the federal agriculture spending chain that might make more sense to target if you really wanted to save the government money. Silly me, budgetary discipline has nothing to do with budget cuts. [Volokh Conspiracy]
* Here are 15 things wrong with the criminal justice system. Only 15? [Boston Review]
* Lessons on the defense of others from Back to the Future. I’m still waiting for a legal analysis of buying plutonium from Libyans. Is that legal? I’m kind of fuzzy on that one. [The Legal Geeks]
As I mentioned Friday, the National Jurist (subscription) came out with a very interesting ranking of law schools. As Tax Prof Blog explains, the publication looked at schools that helped people pass the bar despite their low LSAT scores.
It’s an interesting methodology: the Jurist predicted a bar passage rate for people, state-by-state, based on their LSAT scores, then looked at the 25th percentile LSAT scores at each school, and figured out which schools had the largest deviation from the predictions. High-ranking law schools were the ones that significantly outperformed the bar passage rate expected from their low-scoring students.
These could be significant findings: while poor performance on the LSAT doesn’t necessarily mean the student is dumb, it almost certainly means the students is bad at taking standardized tests. If schools have students who go from being bad at taking a relatively easy standardized test (the LSAT) to passing one of the hardest and most stressful standardized tests out there (the bar exam), it sounds a lot like they are educating people, instead of simply benefiting from the achievements of motivated admitted students.
But, should the law school get the credit for the success? Or are there some test prep companies that should take a bow?
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: