- Breasts, D.C. Circuit, Guns / Firearms, Health Care / Medicine, Morning Docket, Music, Racism, Rap, Wall Street
- Anna Nicole Smith, Bankruptcy, Barack Obama, Biglaw, Breasts, Heller Ehrman, Money, Morning Docket, SCOTUS, Wall Street
* Anna Nicole Smith is still screwing old white men from beyond the grave. Biglaw firms want Heller Ehrman’s claims to be decided in federal court, not bankruptcy court. [Thomson Reuters News & Insight]
* TWU to NYPD: Please don’t force us to listen to these Occupy Wall Street fools. We’d rather have our regular crazies on board. Of course, their lawsuit says it a bit more eloquently. [Wall Street Journal]
* You realize that if the general public could kill all the lawyers and replace them with robots, they’d do it in a second. [Slate]
* Dear career women: choice is an illusion. [The Careerist]
* Moms can’t complain without being sued for defamation? [Overlawyered]
* Why be small enough to fail when you can be so big that the government has to bail you out? [The Volokh Conspiracy]
* Age discrimination in this economy wouldn’t happen as much if older people lied about their age on Facebook and Twitter. [Huffington Post]
* At least the protesters are providing good training for cops who like to use excessive force. [Dealbreaker]
A video has surfaced from this weekend’s somewhat ludicrous “Occupy Wall Street” protests. The protests themselves have been barely newsworthy. Hippies and kids mostly — the North Koreans have better organization when preparing a dance routine.
But one kid, one kid who is currently a student at George Washington University Law School, set the protest on fire with his plaintive, whiny, pathetic rantings, as he literally begged to be arrested.
You’re going to want to see this video. It’s a great example of how NOT to use your legal training to bring about meaningful change….
- Crime, DealBreaker, Insider Trading, Reader Polls, Securities Law, Sentencing Law, Wall Street, White-Collar Crime
Matt here. You might think that Dealbreaker HQ exists only metaphorically in virtual space, or maybe in the fan fiction you’re hiding in your desk, but in fact Bess and I share a real physical garrett both with our sibling sites Fashionista and Above the Law. Occasionally we even talk to each other. “Talk,” in this context, normally means that Above the Law editor Elie Mystal shouts at us about some outrageous political position. In order to quiet him down a bit, we’ve decided to take it to the internet, thus spawning the first – and maybe last! – Above the Law / Dealbreaker Debate Society.
I have been set the task of defending a proposition like “white-collar criminals should not get anything near the jail time they get.” (We are pretty casual with our resolutions here at the Breaking Media Debate Society.)
Fortunately I believe that, so here goes…
It’s hard out there for a 3L. That’s essentially the finding of our reader poll from a few weeks ago. Not many employers are interviewing third-year law students this fall.
But there are employment opportunities out there for enterprising third-year law students. We’ve recently mentioned judicial clerkships, the Justice Department Honors Program, and the Presidential Management Fellows Program.
Today we bring you information about another program that’s hiring graduating law students. The good news: the work/life balance is good, as are the benefits and the pay (six figures). The bad news: these positions aren’t easy to land.
So, what program are we talking about?
- Celebrities, D.C. Circuit, Douglas Ginsburg, Federal Judges, Feeder Judges, Intellectual Property, Law Schools, Madonna, Non-Sequiturs, Religion, Securities and Exchange Commission, Trademarks, Wall Street
* Judge Douglas Ginsburg (D.C. Cir.) is taking senior status and joining the NYU Law faculty. Query how this will affect his feeding (and no, we’re not talking about New York versus D.C. restaurants). [The BLT: The Blog of Legal Times]
* “Two Examples of Things Not to Say When You’re at Your Local IRS Office.” [Going Concern]
* Speaking of efficiency-challenged government entities, how can the U.S. postal service be fixed? Professor Gerard Magliocca floats some ideas. [Concurring Opinions]
* Should you rinse religion from your résumé? Reflections from Professor Paul Horwitz. [PrawfsBlawg]
* What’s the deal with high-frequency trading algorithms? Fear not; the SEC is on the case. [Dealbreaker]
- California, Law Professors, Law Schools, Legal Ethics, Money, Peter Lattman, Reader Polls, Wall Street
Over at UCLA Law School, they’re experiencing some earth-shaking controversy of their own. An ultra-wealthy alumnus made it rain, with a $10 million gift to the school — but now some professors want to rain on his parade, and their objections have hit the national news media. (Apologies for the mixed precipitation metaphors.)
As we mentioned last week, UCLA law alumnus Lowell Milken made a $10 million gift to his alma mater — the largest single donation in the law school’s history. The money will be used to establish the Lowell Milken Institute for Business and Law.
Milken, Milken — that last name sounds familiar….
Yesterday the stock market experienced its biggest drop since 2008. In the wake of the Standard & Poor’s downgrade of U.S. debt on Friday night, the Dow Jones industrial average fell by 5.6 percent and the S&P 500 fell by 6.7 percent. Global markets suffered similarly.
The market decline on Monday was only the latest in a series of slides. As noted yesterday by the New York Times, “[t]he S.& P. 500 is now down 18 percent from its April 29 peak and is nearing official bear market territory, defined as a fall of 20 percent.”
What’s frightening about the latest economic turmoil is that it comes on the heels of a brutal recession that the U.S. economy has not yet fully recovered from. In the wake of the aptly named Great Recession, unemployment still exceeds 9 percent, housing markets remain weak, and government policymakers have exhausted many of the tools at their disposal for attempting to revive the economy. Interest rates are basically as low as they can go at this point; fiscal stimulus is a political no-go. What is to be done?
The steep stock market declines raise a question: Are we entering another recession — i.e., the second dip of a double-dip recession? If so, what does that mean for law firms and lawyers? (We’ve already noted the implications for the IPO market — and the lawyers who work in it.)
Let’s discuss, and take a READER POLL….
* The NBA is suing its players for failing to negotiate in good faith. Funny, I think the players are acting with the same “good faith” NBA owners do when they steal teams from loving fan bases or hold cities hostage until they build new arenas. [WSJ Law Blog]
* Having a drunk woman angrily spray breast milk on you is probably not as alluring as it sounds. [Sentencing Law & Policy]
* In other sentencing news, a guy got six weeks in jail for getting his ass kicked by Rupert Murdoch’s wife. [Gawker]
* This is funny because it’s kind of true. [Washington Fancy]
* To win, sometimes lawyers need to be quiet? Man, am I glad I got out of that racket. [Underdog]
* Lawyers should be happy to know that good writing requires doing it over and over and over again. [What About Clients?]