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A GRAT Idea Whose Time Has Come

Grantor retained annuity trusts are a method that the ultra rich use to avoid gift taxes. Many lawyers insist that these trusts are a cornerstone of any sound estate plan.
posted by reenum on Dec 19, 2013 - 22 comments

The Last Days of Big Law

Of all the occupational golden ages to come and go in the twentieth century—for doctors, journalists, ad-men, autoworkers—none lasted longer, felt cushier, and was all in all more golden than the reign of the law partner. Noam Schreiber on The Last Days of Big Law: You can't imagine the terror when the money dries up. Former law partner Steven J. Harper, author of The Lawyer Bubble, believes the profession to be in existential crisis. Another former partner weighs in. Libertarian law professor Richard Epstein presents a more sanguine view.
posted by shivohum on Jul 22, 2013 - 55 comments

Hiding Public Land

For years in Malibu, CA, homeowners have tried to hide public access points to local beaches in order to prevent people from using them. A recently released app has tipped off the public as to exactly where these access points are, causing an outcry from the homeowners.
posted by reenum on Jun 23, 2013 - 114 comments

Cocaine's A Hell Of A Drug

Sly Stone's history of drug addiction and eccentricity is well known. But, a recent California Court of Appeals ruling details how a series of ill advised business deals left Stone destitute. [more inside]
posted by reenum on Jun 16, 2013 - 41 comments

Caveat Emptor?

After several failed attempts against other schools, a lawsuit against Thomas Jefferson School of Law for providing misleading employment data to prospective students is moving forward.
posted by reenum on Dec 4, 2012 - 42 comments

Gupta Trial Judge Reprimands Law Student Spectator

Benula Bensam, not having landed a summer job, decided to attend the Rajat Gupta trial. She felt that some of the judge's evidentiary rulings were incorrect, and so sent him three letters. The judge, Jed Rakoff, was not amused.
posted by reenum on Jun 16, 2012 - 119 comments

Pop! Goes the Law School Bubble

With the number of LSAT test takers in sharp decline, has the law school tuition bubble finally burst?
posted by reenum on Mar 20, 2012 - 79 comments

Pie In the Sky

Tom Monaghan had a dream: To create a law school and surrounding community that would adhere strictly to Catholic values. Things have not gone according to plan. [more inside]
posted by reenum on Mar 17, 2012 - 102 comments

Guantanamo: An Oral History

Guantanamo: An Oral History
posted by reenum on Jan 12, 2012 - 8 comments

The Law School Bubble

There has been an increasing outcry over the bleak job prospects facing law school graduates. Paul Campos, author of the "Inside The Law School Scam" blog, argues that continued high enrollment at law schools may be due to "lemming psychology".
posted by reenum on Dec 27, 2011 - 94 comments

The Price To Play Its Way

Want your new law school to get accredited by the American Bar Association? Be prepared to jump through some hoops.
posted by reenum on Dec 18, 2011 - 39 comments

Lawyer Wants Someone Who Will Go "Above And Beyond"

Samir Zia Chowhan, sensing a prime opportunity in this down economy, set out to hire a secretary who could not only do the typing and filing, but could also engage in group sex with Chowhan and his law partner. The Illinois Supreme Court found that this is conduct unbecoming of an attorney and suspended Chowhan's law license.
posted by reenum on Dec 12, 2011 - 34 comments

Is a Law Degree a Good Investment Today?

Professor Herwig Schlunk of Vanderbilt University explores whether a law degree is a good investment today. (SSRN link) [more inside]
posted by reenum on Nov 23, 2011 - 49 comments

Law Schools Found Misrepresenting Jobs Data

Over the past couple of months, there have been a series of scandals that have rocked the legal education community. First, there were tandem lawsuits against Thomas M. Cooley School of Law and New York Law School for misrepresenting jobs data. Then, Villanova University and the University of Illinois were found to be fudging their employment numbers. A legal team is now preparing to sue 15 different law schools because of misrepresentations made to students regarding job and salary data.
posted by reenum on Oct 9, 2011 - 43 comments

Trust Issues

Hartwick College, a small school in New York's Catskills, is the beneficiary of a trust that “could ultimately shatter the nation’s financial structure.”
posted by reenum on Sep 16, 2011 - 73 comments

Addressing the Justice Gap

Several commentators are advocating the deregulation of the practice of law.
posted by reenum on Aug 26, 2011 - 125 comments

What if law schools opened their own law firms?

The job market is saturated and graduates are unable to get hired anywhere to get proper training. Law professors Richard Rhee and Bradley Borden have a solution: law schools should open their own law firms.
posted by reenum on Aug 19, 2011 - 93 comments

Now You See It, Now You Don't

Homeowners are using a little known loophole in the bankruptcy laws to shed their second mortgages.
posted by reenum on May 9, 2011 - 42 comments

Iowa loophole voids mortgage

Matt and Jamie Danielson, with the aid of their bankruptcy attorney, were able to use a little known loophole in the Iowa law to void their mortgage and own their house outright after making just one payment. However, further investigation has uncovered some unsavory events in the couple's past.
posted by reenum on Apr 21, 2011 - 60 comments

Conviction

Betty Anne Waters's brother Kenny was sent to prison for first degree murder and armed robbery in 1982. Over the next 16 years, Betty Anne got her GED, college degree, and law degree, all in an effort to prove Kenny was innocent. With the assistance of the Innocence Project, Betty Anne was able to use DNA evidence to show Kenny was innocent. [more inside]
posted by reenum on Mar 24, 2011 - 28 comments

The 25-Year 'Foreclosure From Hell'

Patsy Campbell has been fighting her foreclosure in Florida courts for the past 25 years. She has not made a mortgage payment since 1985 while foiling the efforts of several banks to evict her from her home in Okeechobee, Florida.
posted by reenum on Dec 30, 2010 - 150 comments

The Loophole Artist

Jonathan Blattmachr, one of the country's leading estates and trusts experts, feels that helping his clients reduce their tax liability helps the IRS close loopholes that he and his colleagues use. As with most attorneys, there are some clients who weren't happy with his work, but Mr. Blattmachr pushes on with his efforts.
posted by reenum on Dec 29, 2010 - 18 comments

Have you ever spent a Thanksgiving reviewing 1.2 million pages of billing records in a warehouse in Topica?

So you want to go to law school?(SLYT) [more inside]
posted by Muddler on Oct 20, 2010 - 118 comments

Phantom Debts, Real Anguish

Debt buyers have become a multi-billion dollar industry. They buy old debts and then litigate in an effort to collect with little or no evidence. [more inside]
posted by reenum on Jul 2, 2010 - 18 comments

For pity's sake, don't go to law school.

Despite the most prestigious law firms in the country laying off almost 6,000 attorneys and 9,000 staff since the beginning of 2008, century-old law firms dissolving almost overnight, and law school tuition rising everywhere, law school applications are at an all time high. Even the number of law schools is rising.

But with the century-old Cravath system being "misapplied" by big firms over the last decade, historical income distributions have been disrupted.

For good or ill, things may be coming to a head. [more inside]
posted by valkyryn on Jun 11, 2010 - 188 comments

Worst. Divorce. Ever.

A lawyer and her husband decide to get a divorce. Then, the lawyer loses her mind.
posted by reenum on Jun 10, 2010 - 131 comments

Lawyer Blog (?)

Phila Lawyer reads like fiction (awesome, Hunter S. Thompson -esque fiction -- Part 1, 2 ) to outsiders, but that might just be because it's so fucking good. The lawyers commiserating in the comments, at least, think it's real.
The navigation is cumbersome -- if you're not careful, you'll come into a story in the middle. For your perusal, then, I've laid a few out:
Part 1, 2, 3, 4, 5
Part 1, 2
Part 1, 2, 3, 4

posted by Tlogmer on Mar 30, 2005 - 7 comments

John Ashcroft: activist attorney.

John Ashcroft: activist attorney. Long and revealing article about Ashcroft's "my morals and religious beliefs first and law second" political history.
posted by skallas on Jul 16, 2002 - 12 comments

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