* Just in case no one saw this one coming, LeClairRyan has filed for bankruptcy. The firm owes $15 million to two secured creditors. [American Lawyer]
* Like it or not, the next recession is coming: Some law firms will struggle more than others, and “once this party ends, its going to end very quickly and it’s going to end very severely.” [Big Law Business]
Why Your Practice Is Burning Money And How You Can Do Better
Our expert panel explores common sources of profit leakage along with practical steps for improvement.
* What’s wrong with the bar exam? This is what the National Conference of Bar Examiners’ Testing Task Force is taking its sweet time trying to figure out. [Law.com]
* Law school classes come in all sizes, but you may want to think about how yours will affect the attention you’ll receive, your social life, your networking opportunities, and most importantly, your ranking. [Law Admissions Lowdown / U.S. News]
* Thank u, next? Pop star Ariana Grande has filed a $10 million lawsuit against Forever 21 after the store allegedly hired a look-alike model for a social media campaign, rather than Grande herself. [THR, Esq. / Hollywood Reporter]
The Trump Gold Card: A New $1 Million Pathway To A U.S. Green Card
A new proposal would let wealthy foreign nationals secure an opportunity for a U.S. green card with a $1 million 'gift' to the government, sparking legal and ethical debate.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.