Wall Street

Mary Jo White

Mary Jo White? More like Mary Jo Green. President Obama’s pick to lead the Securities and Exchange Commission is deliciously rich, as revealed in her financial disclosures.

Although she’s barely five feet tall, making her a little litigatrix, Mary Jo White wears big shoes. In the words of my colleague Elie Mystal, a former Debevoise & Plimpton associate, she’s “one of those alpha dog partners…. the kind of partner that makes other partners stammer, shuffle papers, and try to look really busy and intelligent when she’s in the room.”

The sizable net worth of Mary Jo White shouldn’t surprise anyone. Not only is she a longtime Debevoise partner, but her husband, John W. White, has been a partner at Cravath, Swaine & Moore for more than 25 years (interrupted from 2006 through 2008 by a stint at the SEC, actually, where he served as Director of the Division of Corporation Finance).

Let’s get a sense of Mary Jo White’s fortune….

double red triangle arrows Continue reading “Just How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair?”

* Dear professors, please try to understand that most people who experience normal, human emotions are more concerned with the future of American law students than they are with whether or not American law schools can survive by bilking the hell out of foreigners. [PrawfsBlawg]

* In Canada, they raided somebody’s Super Bowl party to bust up an illegal gambling ring. They never would have done this during the Grey Cup. [CTV News]

* Apparently some kind of law something happened on Downton Abbey last night? I missed it, because staring at a dark stadium is literally more interesting than that freaking show. [Law and More]

* Thomson Reuters is getting out of the academic book publishing business. If only law professors would do the same thing. [TaxProf Blog]

* Is Washington & Lee’s “experiential” curriculum working? [The Volokh Conspiracy]

* Just to be clear, torturing people only works in the movies and television. [Politics USA]

* Cleary might become an ATL feeder firm. [Legal Cheek]

* Here’s an excerpt from a fun interview with David Lat, in which he talks about asking Richard Posner out on a date. [California Lawyer]

And there’s video, which you can watch for CLE credit, after the jump….

double red triangle arrows Continue reading “Non-Sequiturs: 02.04.13″

* There’s an interesting take here by Scott Greenfield on Glenn Reynolds’s op-ed suggesting there be a “waiting period” before new legislation to try to make sure everybody at least reads it first. Personally, I’m a little more concerned with getting longer waiting periods before people can buy guns and shoot me. [Simple Justice]

* Funny to see Lindsay Lohan as the plaintiff, instead of the defendant. [Los Angeles Times]

* When reached for comment about the weakness in the U.S. legal job market, clients responded, “Frankly my dear, I don’t give a damn.” [Associate's Mind]

* And now we’re back to the argument that allowing non-lawyer ownership of law firms will magically give clients a better experience. Yes, because whenever I’m on hold with Time Warner, I think, “Man, these business people sure get customer service.” [The Economist]

* R.I.P. Mark Hummels. [Huffington Post]

* It feels like it’s been a while since we made fun of Oklahoma. [Legal Juice]

* After the jump, Bloomberg has a fun video on whether Wall Street should fear Mary Jo White….

double red triangle arrows Continue reading “Non-Sequiturs: 02.01.13″

Me, earlier today.

* PETA sends Bebe a cease-and-desist letter over fur-free advertising. To be honest, I only understood half of what I just wrote. [Fashionista]

* Here are five reasons why editors hate lawyers. Of course, when the editors are lawyers, you just kind of end up hating yourself. [About Editing And Writing]

* Can someone explain to me how it’s constitutional for Virginia to promise not to enforce laws? [Pilot]

* Did you enjoy the South Park episode that involved proprietary towel technology? Then you’ll love this lawsuit! [Thomson Reuters News and Insight]

* I asked Professor Rick Hasen whether or not I should self immolate to prevent the GOP from legally rigging the next election, and he’s telling me to chill out because it’s gonna be okay. [Slate]

* I’ve been trying to find an excuse to link to this. It’s a guy who is blogging about news from 1913 as if it was happening in real time, in this technological environment. Here, we look at some very swift Southern-style justice. [Retro Pundit]

* I must admit, I wanted to pull out my Leonardo DiCaprio coconut drinking goblet to fully enjoy this rich-white-man fight. [Dealbreaker]

* Belated congratulations to Elbert Lin, aka Mr. LEWW, on his appointment as solicitor general for West Virginia. [Bench Memos / National Review Online]

It looks like a silly marginal tax increase on the personal incomes of the top 2 percent is the last thing the barons of Wall Street need to worry about. President Obama is sending a new sheriff into the regulatory fray.

Dealbook reports that Obama will nominate former U.S. Attorney Mary Jo White to head the Securities and Exchange Commission. Sending in White to the SEC is a little bit like calling the Wolf to drive home your blood-soaked vehicle. It’s a bold move for an agency that is often overwhelmed by the impressive lawyers marshaled on behalf of the financial industry in defense of their most complex transactions.

Unlike Elizabeth Warren (bless her heart), Mary Jo White is no academic, she’s a hard-nosed litigator. And she might be exactly what the SEC needs…

double red triangle arrows Continue reading “Obama Throws Down The Gauntlet With New Pick To Head The SEC”

Ahh, cover letters. It’s incredibly boring to write them as a job seeker, and even more excruciating to read them as an employer. These days, people have got to be wondering if writing another tame, boilerplate cover letter is even worth it. After all, most of them know where their application package is going: the trash folder. So why not do something to make yourself stand out?

We’ve seen countless superb specimens that longtime readers may remember, like that of the unemployed law grad who turned all of his rejection letters into an “unorthodox” cover letter. That fellow didn’t receive an offer, but today, we’ve got one that’s really piqued employers’ interest. It’s been forwarded around the finance world, and now it’s even made its way to legal inboxes across the country. This kid may want an i-banking internship now, but he’s also a prospective law student.

The cover letter has been described by its hundreds of recipients as “hilarious but bold,” “amazing,” “a gem,” and “AWESOME.” Here’s just a little snippet of what we’re about to show you:

I have no qualms about fetching coffee, shining shoes or picking up laundry, and will work for next to nothing.

Picture this guy, coming to a law school classroom near you. That’s some real head-bitch-in-charge potential right there. His cover letter is brutally honest, to a fault, which is what makes it so damn great.

Let’s take a look at this thing, and help it go even more viral….

double red triangle arrows Continue reading “An Awesome, Self-Deprecating Cover Letter That’s Going Viral”

DVF: ‘You must be kidding me.’

* “This is a total victory not just for the C.F.T.C., but also for financial reform.” Regulators, mount up, because you basically just got a free pass to do your jobs and keep a more watchful and vigilant eye on Wall Street. [DealBook / New York Times]

* Last year, China officially surpassed the United States in terms of the number of patent applications filed. China’s probably surpassed the United States in terms of patents infringed, but that’s neither here nor there. [National Law Journal]

* And now we see why St. Louis University School of Law’s interim dean said he’d be donating his salary to the school. He’s no “butt boy” — he’s settled $25M worth of cases since the fall. [Madison-St. Clair Record]

* “Help me, I’m poor”: the Huffington Post’s army of unpaid bloggers will continue to be unpaid, because the Second Circuit recently affirmed the S.D.N.Y.’s decision to toss out their case. [WSJ Law Blog (sub. req.)]

* Diane von Furstenberg, the fashion designer behind luxury brand DVF, is suing an ex-distributor for selling her wares on the cheap to the likes of TJ Maxx and Marshalls. Ugh, cringe… that’s très déclassé. [Bloomberg]

Trolls!

* If you swap out a menorah and put in a dreidel, does your Hanukkah display avoid violating the Establishment Clause? I know, I know, WAR ON HANUKKAH. [Huffington Post]

* I wonder why Martha Minow (law dean, HLS) or Robert Post (law dean, YLS) doesn’t write an op-ed defending the value proposition of going to law school? Wouldn’t you like to hear this argument from somebody who isn’t desperate to fill their class seats? [Constitutional Daily]

* Isn’t the concept of the “last meal” the best thing about death row? Granted, that’s a low bar, but still. Having a last meal sounds so civilized. No wonder Texas and Florida want to take it away. [Legal Blog Watch]

* Do patent trolls have a weakness to fire, just like videogame trolls? Because, I’d like for them to get burned. [Business Insider]

* The fact that voter suppression doesn’t work doesn’t make it right. [Election Law Blog]

* Ignoring losses until they go away sounds like the basis of any sound financial strategy. [Dealbreaker]

Last week, federal prosecutors in Manhattan charged two former stockbrokers, Thomas Conradt and David Weishaus, with insider trading. There is a legal angle here (aside from the criminal charges and the civil case being brought by the SEC): Conradt is a lawyer, a member of the Maryland and Colorado bars, and Weishaus graduated from the University of Baltimore School of Law a year after Conradt.

To be honest, though, we’re not intensely interested in Conradt and Weishaus. Their alleged misdeeds occurred while they were working in finance, not law; the contours of Conradt’s legal career are somewhat unclear; and as for Weishaus, it’s not clear that he ever passed the bar or practiced as a lawyer.

As regular readers of Above the Law know, we have a weakness for prestige around these parts. So we’re far more interested in the former Cravath associate who, according to law enforceent allegations, made their misdeeds possible….

double red triangle arrows Continue reading “Lawyer of the Day: An Allegedly Loose-Lipped Cravath Associate”

So you think you’re pretty funny? If you have an excellent sense of humor that you feel is going unappreciated within the stuffy legal profession, you should apply to work for us here at ATL.

But there are other avenues that comedically inclined counselors can explore. For example, you can ditch your Biglaw job to try and make it as a comedian.

Check out the latest installment of the Career Alternatives video series being produced by our friends at Bloomberg Law. It features a prominent comedian, one you may recognize from his many television appearances, who in a prior life worked as a lawyer….

double red triangle arrows Continue reading “Career Alternatives for Attorneys: Comedian”

Page 5 of 15123456789...15