* Justice Sotomayor would like to remind you that just because you’ve been to one Indian casino, that doesn’t mean all Native Americans are fantastically wealthy. [KGOU]
* Nor is every Native American cured by this news, but this is certainly a start — the Department of the Interior will sign a $554 million settlement in the breach of trust case brought by the Navajo nation. [Buckley Sandler LLP]
* A Peruvian woman has sued Disney for $250 million because she alleges that Frozen is a rip-off of her life story. Because she has magic ice powers? I guess. Actually, it looks like the only connection is that she lived in a cold place and had a sister. This reminds me of my lawsuit against Chuck Palahniuk for basing Fight Club on my life story. Not that I ran anarchic underground fight clubs, but because one-time at camp I made a bar of soap. [Bustle]
* Law professor goes after revenge porn and patent trolls because he’s trying to win the title of best person ever. [Brooklyn Paper]
* Harold Hamm, Continental Resources’ Chairman and CEO — and former energy adviser to Mitt Romney — is staring down the barrel of a massive divorce settlement. So he takes a page from Romney’s adversary. Hamm is arguing that his fortune… he didn’t build that! He was just the beneficiary of a good market rather than a contributing factor so he doesn’t have to share. [Upstream Online]
* The CAC launches a new series on the Roberts Court at 10. It’s hard to believe how long ago that was. When the Chief Justice took over we still thought the ending of Lost was going to make sense! [Constitutional Accountability Center]
* Winston & Strawn lawyer turned famous LEGO artist Nathan Sawaya opened a new show in London. Sculptures made of thousands and thousands of hand-assembled bricks. Just in case you were wondering if there was a task more boring than document review. [Yahoo! Canada News]
* Paul Clement and Mike Carvin offer a SCOTUS preview. [Heritage Foundation]
Most everyone is talking about how the NCAA got crushed in the antitrust case headlined by former UCLA star Ed O’Bannon. Some have compared it to a top ranked team getting upset by a scrappy mid-major because sports analogies are obligatory when talking about sports cases. That analogy is not really apt. It’s more like the NCAA was a top ranked team that narrowly eked out that win. The mid-major team is rightfully pleased with its effort and the top team can breathe a sigh of relief.
But hanging ominously over the field is that the top team done got EXPOSED. And every team remaining on the schedule is psyched.
Judge Claudia Wilken’s 99-page opinion reads like a body blow to the NCAA — and then her order is a light knee scrape. But everyone else gunning for the NCAA has a lot to quote here….
* NO, NO, NO, NOTORIOUS! Previously unpublished documents from the Clinton White House have been released, and it looks like Justice Ruth Bader Ginsburg was criticized for her “laconic” nature. Not cool, Bill. [Legal Times]
* Document review jobs aren’t going anywhere, folks. Exhibit A: Winston & Strawn’s e-discovery practice is bringing in the big bucks, earning the firm more than $20 million in revenue last year. [Capital Business / Washington Post]
* More lawyers are being treated for substance abuse for drugs and alcohol than ever before. In fact, a founding partner of Farella Braun + Martel, one of California’s largest firms, was once a “functioning alcoholic.” [Am Law Daily]
* A Florida jury apparently set on “sending a message” to tobacco companies awarded $23.6 billion in punitive damages to a chain smoker’s widow against RJ Reynolds. That was a costly message. [Reuters]
* June 2014 marked the fewest people who sat for the LSAT in 14 years, but it may get even lower if a new ABA proposal which would allow the test to be waived for 10% of students passes. [Central Florida Future]
The job scene for recent law school graduates is still a little rough around the edges. Just 57 percent of the class of 2013 managed to secure full-time, long-term positions as lawyers within nine months of graduation, and those who found one of those golden tickets are clinging to them for dear life. Biglaw hiring, on the other hand, was up by about 10 percent, and the 3,989 members of the class of 2013 who are now working as associates are as happy as can be.
Enjoying their starting salaries of $160,000, many of these new lawyers are high on life. While some of their colleagues are mass-emailing pictures of their biceps to entire state bars just to get a job, these associates are kicking back in their offices without a care in the world (save for their billable hours).
One new associate felt so secure in his employment that he decided to take up a side gig as an underwear model — using his real name. Seeing as this associate has been working as an interchangeable cog in a large machine, how will his firm feel about his parading around half-naked online?
* Judge sentences rapist to 45-days and community service… working in a rape crisis center. Because the victim was “promiscuous.” How could anyone be this tone-deaf? Oh, it’s in Texas? Never mind. [CNN]
* California lawyers now must promise to be courteous. Play nice, kids. [LA Times]
* Finally, it’s time to wish a happy birthday to Winston & Strawn’s Jonathan Amoona, who was on the 2014 Forbes 30 Under 30 list. I guess he won’t be anymore. His 30th birthday invitation went out to the managing partner and a bunch of the top rainmakers, which isn’t toolish at all. The invite is available after the jump….
This week has been a big one for rankings. On Monday, the American Lawyer released the 2014 Am Law 100 rankings, chronicling how Biglaw fared in 2013. Last night, we released our top 50 law school rankings, based on the latest employment data from the ABA.
The process of getting measured causes people to modify themselves toward the metric; just ask any bride trying to fit into her wedding dress. So it shouldn’t be surprising that, with rankings on the brain, law firm leaders have been cutting headcount to boost profits.
Which major law firm just announced double-digit cuts, perhaps in an effort to get into fighting shape by Memorial Day, before the arrival of summer associates?
On our recent post about bonuses at Bingham McCutchen, some commenters complained about our coverage of the firm. Here’s what one said: “What this article fails to mention is that NO ONE made their hours, it’s THAT slow. Good job, ATL, for eating whatever it is Bingham pays you to NOT report [on bad goings-on at the firm].”
Actually, we’re perfectly willing to report on negative developments at Bingham (or any other major law firm). Just email us or text us (646-820-8477), and we’ll investigate.
There’s certainly a lot to cover over at Bingham: tumbling profits, partner departures, and unfortunately timed staff layoffs. We’ve collected some reporting from around the web, which we’ve combined with inside information from ATL tipsters at the firm. Let’s have a look, shall we?
Last week, we mentioned that Winston & Strawn partner Gene Schaerr is leaving the firm to represent Utah in its gay marriage squabble against equal rights. By all accounts, Schaerr is a terrific lawyer. The BYU and Yale Law School grad served as head of Winston & Strawn’s Appellate and Critical Motions Practice.
It’s a little bit surprising that Schaerr took the extraordinary step of leaving the firm to take this case. The move caused some onlinecommentators to speculate that Schaerr left W&S because of the firm’s work with LGBT groups… or even because W&S has an LGBT affinity group at the firm.
Well, we now have Schaerr’s actual departure memo, the one that he sent out firm-wide. Utah Attorney General Sean Reyes suggested that Schaerr left the firm simply so he could “focus” on this important case. You can read the departure memo and judge Gene Schaerr’s motivations for yourselves…
* Parties in Utah’s gay marriage case are boosting their legal backbones. Utah picked up Gene Schaerr, of Winston & Strawn, who is leaving the firm to serve as lead outside counsel. [WSJ Law Blog (sub. req.)]
* New Jersey Gov. Chris Christie called upon Randy Mastro of Gibson Dunn to assist with Bridgegate’s fallout. Because messing with people’s commutes into New York City is that big of a deal. [Am Law Daily]
* Come next year, Yale Law School will be joining the majority of law schools located on this planet by holding its fall finals before winter break. They’ll still be studying anyway… just for fun! [Yale Daily News]
* “Being in Portland … is hard to facilitate when you are based in Eugene.” Oregon Law, sadly unable to master the fine art of teleportation, will allow students to take their 3L classes in Portland as soon as in 2015. [National Law Journal]
* Courtney Love was in court this week testifying in the first “Twibel” (Twitter + libel) trial in the nation. Oh, that’s so interesting, but what America really wants to know is what she was wearing. [Businessweek]
Email. In the last 20 years it has gone from office novelty to a ubiquitous mainstay of our daily lives. I am not complaining about this; the explosion of email is part of what has fed the growth of document review. Everytime you hit send, a new document is created and a contract attorney gets their wings.
And, oh, the fun of email! Of course there are jokes and forwards, all of which are designed to be entertaining, but there are so many other enjoyable aspects of the medium. Such as the firm-wide screed of a recently terminated document review attorney.
So what Biglaw firm was treated to an angry missive from a fired doc reviewer?
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: