As we mentioned last week, Above the Law, in cooperation with our friends at ALI-ABA, will be assisting you with your Continuing Legal Education needs. We regularly review the comprehensive CLE offerings of ALI-ABA and pick out selected courses that look particularly interesting to us. Here are the two for this week:
Estate Planning 101: Practical Strategies for Estate and Gift Planning: Due to the demise of the estate tax in 2010 and the resulting complications, this area of law has gotten very tricky. Not every client has the impeccable estate planning sense of George Steinbrenner. If you’re new to estate planning, if you’re a seasoned attorney looking for a refresher, or if you just want a basic working knowledge of estate planning and related tax issues — perhaps you expect to come into an inheritance in the next few years? — you should check out this course.
Public Speaking and Oral Advocacy: How To Do It Well: Effective public speaking is a skill that every lawyer, regardless of practice area, needs to possess. This reasonably priced course will teach you what you need to know. And really, knocking off some CLE hours while also learning how to speak nicely — in a bar or at the bar — is a no-brainer.
Both of these courses are taking place this week, so don’t delay on registering. You can take them live, in New York City (Estate Planning) or Philadelphia (Public Speaking), or you can access them as live video webcasts. To learn more, click on the links below.
Over on Am Law, The Careerist has been doing a series of interviews with hiring partners at Biglaw firms. They are fun reads, at least if you like to see the extreme hubris exhibited by hiring partners during this buyers’ market for fresh associate talent. A month ago, Jones Day’s hiring partner gave a really good interview, one that sounded much more badass before JD popped its layoff cherry.
Despite her death back in February 2007, Anna Nicole Smith (aka Vickie Lynn Marshall) continues to make headlines. From the Ninth Circuit comes bad news for her former lawyer (and lover) Howard K. Stern, and her daughter, Daniellynn. From E! Online:
[A court] said today that the estate of Anna Nicole Smith is not entitled to the $300 million-plus judgment previously awarded from her late oil tycoon hubby’s billion-dollar estate.
The court battle over Texas oilman J. Howard Marshall II’s millions has been ongoing since 1995.
You can download the opinion from the Ninth Circuit here [PDF]. You’ll see a familiar name on the list of counsel.
Kathleen Sullivan, new name partner at Quinn Emanuel, filed an amicus brief in the case for the Washington Legal Foundation, arguing in support of the decision by the Texas probate court that originally denied Smith’s claim to Marshall’s $1.6 billion fortune.
UPDATE: Congratulations to Dechert partner G. Eric Brunstad, the veteran Supreme Court litigator who represented the victorious estate of Pierce Marshall in this case. (Brunstad was also Lat’s bankruptcy law professor at Yale.)
We continue our series of open threads about small law firms focused on different areas of practice. In light of the turmoil being experienced by Biglaw, as well as the many laid-off lawyers and job-hunting law students looking for other opportunities, now is an excellent time to look beyond large law firms.
Today we turn our attention to TRUSTS AND ESTATES. What is it like to work at a small (or at least non-big) firm focused on T&E work? What are your hours like? Your compensation? What do you like the most — and the least — about your job?
Please discuss, in the comments.
Speaking of trusts and estates, at the recent Lavender Law conference we attended a workshop on advanced estate planning. The panelists offered advice that might be helpful to people who practice in, or aspire to practice in, trusts and estates.
Read about it, after the jump.
For those of you who followed the South Carolina bar exam controversy, previously discussed here and here, we bring you an update.
The South Carolina Supreme Court recently issued a supplemental statement on the matter. According to the Court, the elimination of the Trusts and Estates section from the scoring process had nothing to do with complaints from the kids of prominent public figures.
An excerpt from the court’s statement, after the jump.
Remember the alleged South Carolina bar exam shenanigans, which we discussed in these pages last week? There are some updates. See the links collected below, including a fairly barebones statement from the South Carolina Supreme Court.
Also, here’s what appears to be an interesting email that made the rounds in the wake of the results announcement. It was purportedly sent by one of the test takers who initially failed to other individuals who sat for the S.C. bar exam:
First of all I’m so sorry about the bar exam. This sucks. I need to know if any of you failed the Wills part of the exam and your score.
My Dad and [redacted's] dad have been on the phone with the powers that be, and if we can get a big enough group together that failed the Wills section they are going to take it to the Sup. Ct and see if they’ll regrade our exams. Apparently, the examiner for the Wills section has been asked not to come back. We have a slim chance, but I think that it is worth it.
So far I have a list of 10 people that have failed the exam. They are [names redacted]. If you all know of anyone else that failed the Wills section PLEASE let me know so that we add them to the list. The scores are important too because we need to show the court how outrageous they are. Again, I’m so sorry we all failed. I really can’t believe it.
As you know from our extensive coverage of Laptopgate, we follow bar exam controversies quite closely. So we can’t ignore what’s going on down in South Carolina (especially since we’ve been on a southern kick as of late, what with all our coverage of Emory Law School).
A very juicy possible scandal is brewing down in the Palmetto State. We believe the story was first broken by FITSNews. But for those of you who like your news sources older and more MSM-y, here’s an article from The State:
The state’s top court has changed the grades for 20 people — including the children of a prominent state lawmaker and a longtime circuit judge — who earlier flunked the test required to practice law in South Carolina.
The S.C. Supreme Court in last week’s order said the wills, trusts and estates section of the July exam would “not be considered” in determining a test-taker’s overall score, though the justices gave no reasons for their decision.
The students include the daughters of state Rep. Jim Harrison, R-Richland, chairman of the powerful House Judiciary Committee; and Circuit Judge Paul Burch of Pageland, The State confirmed Thursday in interviews with the two men.
We’re not really big on pets. Taking care of them is a lot of work, and we can barely keep our houseplant alive. So stories like this one strike us as almost insane:
A man who had not written a will left a $2 million estate, but the most hotly contested item in court has been his golden retriever, Alex. The four-way dispute over the 13-year-old pet was so intense, an attorney was appointed to represent the dog’s interest.
A guardian ad litem causa canis, perhaps?
On Monday, the judge decided the man’s divorced parents should split custody, The Commercial Appeal reported.
“At first glance, the petition seems almost frivolous, but after speaking with all parties, it is evident that this is a highly emotional issue for all involved,” said Alex’s attorney, Paul Royal, in his report to the probate court.
You had it right the first time, Mr. Royal.
P.S. A former colleague who shares our aversion to pets once quipped, “There are at least ten good reasons not to get a dog. Reasons one through nine are fecal matter.” Judge settles intense custody battle over dog [CNN]
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: