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We will never sell or share your information without your consent. See our privacy policy.
Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more.
We will never sell or share your information without your consent. See our privacy policy.
There’s certainly nothing wrong with a wellness program. It may sound hokey when you call it a wellness program, but law schools taking the initiative to improve the mental and physical well-being of their students is a laudable thing. Law school puts students through a ringer, and it’s important to keep them healthy.
But… come on.
The Ave Maria School of Law has just unveiled a $2 million fitness center for law students and faculty to serve as the physical centerpiece of “a wellness program that includes the nationally acclaimed Complete Health Improvement Program, CHIP, to improve diet and nutrition.” This is the reminder that Ave Maria exists because stoners and depressed shut-ins binge ate Domino’s throughout the 90s.
So what is CHIP?
Founded in 1988 by Dr. Hans Diehl, a national expert on lifestyle medicine, CHIP is a 12-week program to change eating and nutrition practices to plant-based food to improve health and reduce risk of chronic disease. The program has been used by 80,000 people in the U.S., often with employers bringing the program to their workforce.
So… vegans. Great, we need to give lawyers another reason to feel superior to everyone else. Oh, did I say lawyers? I shouldn’t have because Ave Maria continues to boast a woeful 53.4 percent bar passage rate coupled with its 55.7 percent employment score. So we’re really only half talking about lawyers and vegans. Kind of like pescatarian paralegals.
Right now, students need to opt into the dietary program but they can look to a test group of faculty and staff who have already been through the system:
The group collectively lost 47 pounds and there was a drop of 448 points combined in triglyceride (fat in the blood) levels, along with 10 participants lowering their blood pressure.
Except… there were only 11 participants. So they dropped an average of 4 and a half pounds? That’s not a weight loss program, that’s a nasty cold. Jenny Craig doesn’t make commercials, “I lost 3 lbs. and I feel great!”
Look, getting healthy is all well and good. But Ave Maria is tagging kids with roughly a $240K bill to have a 50-50 shot at a job and when it comes time to make investments in the school, the answer probably shouldn’t be hiring trainers and diet experts. Is this supposed to entice someone to enroll in the school? “Gee, well, it looks from my LSAT that I’m probably not going to be employable as a lawyer but maybe I can take out a mortgage to eat seaweed for three years from a law school based on cardboard pizza.”
Ave Maria School of Law debuts wellness program for students and faculty [Naples News]
Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.
On every episode of the A&E television series “Intervention,” there is a moment when the addict is confronted with an example of what their addiction has done to their life. Oftentimes, that is showing them a clip of their troubling, usually self-harming behavior. At that moment, the interventionists get their best shot at convincing the addict to seek treatment and try to get healthy before it’s too late.
On that note: Wall Street, we’d like to show you something…
We spent the morning getting vague, Trumpish updates on our totally inane tariff skirmish with Mexico that looks to drag on into the deadline of next Monday, and then learned an hour before the bell that U.S. job growth slowed so quickly in May that the nonfarm payroll increase missed expectations by six digits [75,000 vs 180,000]. That blistering morning of negative indicators was met by this response from the DJIA:
Yeah, the markets are loving this terrible employment data and future trade chaos. Because it all means one thing: The Fed might have to cut interest rates, and that’s really all you care about these days, isn’t it? Isn’t it, Wall Street?
You have a problem, and it’s affecting your life in a negative way. You’re addicted to cheap money, Wall Street. You need to seek treatment.
Remember when you looked at trade wars and huge misses on jobs data as bearish? Because that’s how data works? But now you love that kind of stuff because all you think about are interest rate cuts. You’re literally shaking in your seat as we merely mention an “easing cycle.” Stop licking your lips, Wall Street, it’s shameful.
Is cheap money that great? Is it worth this? Sure, it gives us fun things like the Lyft and Uber IPOs, the cannabis market, ignoring a trade war with China, showing our children cave paintings depicting savings accounts…and who doesn’t love having a Sweetgreen on every Manhattan corner? But if you keep this up you’re going to end up with a rubber tube between your teeth on a bathroom floor buying WeWork IPO shares on your Robinhood account while Brian Moynihan cries about the leveraged loan market imploding and White House chief economist Liz Claman is on television saying that the economy is one more rate cut away from a rebound.
We remember before you got this way. The way your eyes used to twinkle when you bitched and moaned about Janet Yellen not doing enough to get rates back up during the recovery, and fretting that there might not be enough room to ease if things did go south. How you mused about the return of value investing after 2008, and had that healthy fear of bubble investing. Well, now you’re…different.
You say the most horrible things about Jay Powell, and yet you sweat him so hard. When he’s standing there holding rate cuts in the bathroom, you’re all smiles and charm, but when he leaves the room and acts like you can’t cop a rate cut, you immediately turn violent, plotting with the president to jump the poor guy and find someone who will give you what you want.
It’s time to let go and seek the assistance of a higher power, Wall Street. You need to love yourself better than to let cheap money control you. It’s time to embrace the fundamentals of the economy again, live that simple life. Jay Powell can’t make you happy unless you make yourself happy. We understand that the world feels upside down right now and that cheap money makes China, the bond market and this White House’s decision-making a little less scary, but you’ve gone too far and it’s starting to feel like you’re not coming back.
What’s it going to take to get you in the van, Wall Street?…How much do you need to keep you comfortable on the way to a facility?…Can Powell give you a basis point?… Maybe five?…NO, you can’t have 50! Unemployment is steady at 3.6%, inflation remains steady and Disney still has plans to make three more “Avatar” movies! This is what we’re saying, Wall Street, you need help!
An executive from the biologics arm of Korean conglomerate Samsung faces arrest as part of a probe into the company’s accounting practices.
The Korean wire service Yonhap News Agency reported Wednesday that a court in Seoul issued an arrest warrant for the executive from the Incheon, Korea-based contract manufacturing organization Samsung BioLogics, a senior executive vice president surnamed Lee. The arrest is part of an accounting scandal in which Samsung BioLogics allegedly inflated its value ahead of its 2016 initial public offering, after which executives from the company – led by CEO Kim Tae-han – destroyed evidence of the maneuver. Kim appeared in court two weeks ago in Seoul for a hearing to determine whether to issue a warrant for his arrest. Lee is the eighth Samsung BioLogics executive to be arrested.
It is alleged that Lee decided at a meeting on May 5, 2018 to destroy or manipulate documents and accounting data for Samsung BioLogics and also Samsung Bioepis, a joint venture it has with Cambridge, Massachusetts-based biotech company Biogen. The news agency quoted the judge as expressing concern Lee may try to destroy evidence.
The joint venture between Samsung and Biogen was formed in December 2011, with Samsung owning an 85 percent stake and Biogen owning 15 percent.
It is alleged that Samsung BioLogics changed the method it used to calculate the value of its stake in Samsung Bioepis, resulting in Samsung BioLogics reporting a sudden profit in 2015. The alleged fraud amounts to 4.5 trillion won, or $3.9 billion.
Samsung BioLogics and Samsung Bioepis did not respond to requests for comment. Biogen declined to comment.
Samsung Bioepis’ main focus is on biosimilars. It currently markets several in the U.S., including Eticovo (etanercept-ykro), a biosimilar of Amgen’s autoimmune disease drug Enbrel. Another is Ontruzant (trastuzumab-dttb), a biosimilar of Roche’s Herceptin. Other product candidates in its pipeline include biosimilars of Roche’s cancer drug Avastin (bevacizumab) and eye drug Lucentis (ranibizumab) and Alexion’s Soliris (eculizumab), used to treat rare blood disorders. It is also developing a novel biologic, ulinastatin-fc, for digestive system disease.
Photo: Samsung BioLogics
The demise of Toys R Us, the retailer that fueled our childhoods, is a complex and sad tale. It was never as simple as getting crushed by Amazon’s online sales as some suggest. Certainly failing to build an online empire of its own while Amazon prepared to eat Geoffrey the Giraffe’s lunch didn’t help, but neither did a string of private equity owners who treated the store as their private capital loss.
It turns out the “R” in the name was as backward as the business model.
Speaking of private equity, it shouldn’t shock you to learn that Toys R Us was in deep with Kirkland & Ellis — the megafirm that’s fueled its meteoric rise to the top of the Am Law 100 by becoming the go-to private equity shop in the world.
With Toys R Us going down the tubes, Kirkland showed up at the bankruptcy proceedings with a hefty bill for services rendered — specifically its bankruptcy representation. In a sense, Kirkland is the last one to pick up something cool from Toys R Us, in this case $56 million for a little over a year of work. Not a bad haul, but not as cool as Omega Supreme.
Now that the firm has some cold hard cash lying around, perhaps Kirkland will join Gunderson in offering some summer bonuses.
Kirkland & Ellis Awarded $56 Million in Toys ‘R’ Us Bankruptcy [Big Law Business]
Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.
House Oversight Committee Chairman Elijah Cummings has indicated that he will move forward with contempt votes for Attorney General William Barr and Commerce Secretary Wilbur Ross, after their latest decisions to ignore Congressional subpoenas.
For all the good that will do.
Holding these people in contempt is absolutely the right action, albeit one that will yield no operative results, unless Elijah Cummings or some other Congressional Democrat is willing to lay hands on Barr and Ross and lock them in a basement under Congress.
I’m serious about the “Representative arrest” thing. It’s clear that Trump’s Department of Justice, led by the aforementioned Barr, will not use its executive authority to actually punish people like William Barr for ignoring Congressional subpoenas. However, the contempt of Congress statute clearly states that a person found in contempt can be imprisoned for up to 12 months. If Congress arrests these people, it’s not clear to me who, if anybody, has the authority to set them free. At the very least, I’d like to see a de novo court case on the issue, while Barr and Ross are cooling their heels in Nancy Pelosi’s powder room.
But, I grudgingly recognize that asking Congressional Democrats to treat the Trump administration as a unique threat that requires unique responses is asking too much of Congressional Democrats. Oliver Cromwell is not walking through that door. The House will hold these people in contempt, these people will laugh and snigger at the process, and all I’m supposed to do is give money to the DCCC so that red state Democrats can continue their quest to offer a slightly less racist alternative to the Republican party.
Sorry, this is all so freaking pointless. The Trump administration is going to get away with defying Congress, and there’s nothing Congress is prepared to do to stop them. Whatever, I guess I’ll just look forward to having my vote suppressed in 2020, and gerrymandered out of existence in 2022. I’m going to go outside and play catch with my kids before Trump makes it a crime for black children to have “recreation time,” and Democrats throw up their hands and say the policy polls too well with white people in suburban Philadelphia for them to do anything about it.
Gather ye rosebuds while ye may go unnoticed by white people with landlines.
House likely to hold William Barr, Wilbur Ross in contempt after subpoena demands are rejected [Washington Post]
Elie Mystal is just some guy nobody freaking listens to anyway.
I, like many first-year associates, am now working full-time at a firm where I began working as a summer associate between my 2L and 3L years of law school. However, this summer, I’m lucky enough to be on the other side of the summer associate program, and am one of the attorneys tasked with training and supervising the summer associates. Throughout my (limited) experience managing summer associates, I’ve learned that supervised delegation, combined with a conscious effort on your part to implement your own advice, is the key to a great summer experience for you and your summer associates.
KNOW WHEN AND WHAT TO DELEGATE TO SUMMER ASSOCIATES
When I arrived at our firm as a summer associate a few years ago, I was eager to get the practical research and drafting experience that I felt I was missing in law school and actively sought out as much work as I could get. This year’s summers (which we call Legal Apprentices) are no exception. And that’s a good thing. My colleagues and I like to give summer associates work revolving around research, discovery, and, on occasion, drafting.
Delegation is key to making sure that each summer has the substantive work they need in order to have the experience they have come to expect. However, knowing when, and what to delegate is easier said than done.
There is no science to knowing when it is better to delegate an assignment or to complete it yourself. In my time as an intern supervisor, I’ve relied on a non-exhaustive list of factors including: client management, efficiency, the opportunity cost of you doing the task compared to another activity, and the difference in the total cost to the client.
If and when you do decide to delegate a task to a summer, best practice is to follow up any in-person meeting with an email containing a summary of the task, and any interim deadlines which you set, in order to make sure that everyone is on the same page regarding how to complete the task. While important not to over-do it, checking-in during the middle of an assignment helps make sure that your instructions were clear, and streamlines your editing process.
PRACTICE WHAT YOU PREACH
Like anything in our personal and professional lives, it is important, as a supervising attorney, to, as the saying goes, “practice what you preach.” Cliché’s aside, following your own advice is important not only to set a good example for your summer associates (and hopefully reinforce the best-practices and behavior that you just explained), it can be helpful for you too. After all, we’re all busy, and often skip the important step of deeply thinking through our assignments which delegating requires.
By knowing when and what to delegate, and making sure you follow your own advice, you can make sure that the summer experience is great for everyone involved.
David Forrest is an attorney for Balestriere Fariello. He graduated from Benjamin N. Cardozo School of Law in June 2018. David works on all aspects of complex commercial litigation and arbitration from pre-filing investigations to trial and appeals. You can reach him by email at david.a.forrest@balestrierefariello.com.
As a public school, Alabama’s “litigation bait” abortion bill became very much the University of Alabama Law School’s problem. When the school’s most visible donor — the man who gave the school some $26 million and earned his name on the door — spoke out against supporting public institutions in Alabama over the abortion bill, local politicians and the board of trustees made noises about forfeiting the money just to sever ties with the guy.
And now they have. That sure didn’t take long! But it is very much on brand for this debate that the Trustees were forced to make a drastic, life-altering decision within days.
University of Alabama trustees voted Friday to return a record $21.5 million donation from controversial donor Hugh Culverhouse Jr. and rename the law school. Culverhouse had originally pledged a total of $26.5 million.
The school claims it had unrelated difficulties in working with Culverhouse. It just so happens that these difficulties came to a head at the precise moment that the state government passed an abortion bill and Culverhouse raised constitutional objections. It’s not particularly great timing for the school. And they wasted no time getting petty with the break — sending folks to remove the guy’s name within minutes.
https://twitter.com/reidreporterguy/status/1137020745727524864/
It’s tempting to buy the school’s argument that they’re not a political actor in all this and that they really had perfectly apolitical issues with Culverhouse. But then you look at exactly who’s on the University of Alabama Board of Trustees. Kay Ivey, the governor behind this law, is president ex-officio. You know she’s been talking to these folks. It’s a political body — it’s explicitly responsible to the state government.
So now the school’s giving up over $20 million to own the libs. This is where boycotts break down. When the party on the other end just doesn’t care about money, there’s not much a boycott can really do.
UA trustees return $21.5 million donation, rename law school [Al.com]
Earlier: Donor Tells Students Not To Go To Law School Bearing His Name
Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.
It’s difficult to remember a time when Ebay and brick-and-mortar stores were the only places you could buy designer handbags secondhand, before now-huge marketplaces like The RealReal and Rebag launched to disrupt the whole process. Aside from convenience and navigability, the biggest advantage these modern retailers offer (or claim to) is authenticity. They boast of their highly trained authentication experts; but with the proliferation of “superfakes” — counterfeit bags so high in quality that they look real even to professionals — it’s increasingly possible for knockoffs to slip through the cracks. Shoppers have reported as much, and Chanel even sued The RealReal, claiming only the brand itself could confirm the authenticity of its products. It’s even possible for an authentic bag to be deemed inauthentic, and for customers to unwittingly purchase fakes from even the most seemingly trustworthy sources.
This is where the founders of Entrupy saw an opportunity — to remove human error from the equation, and accommodate a wide range of businesses — by automating authentication through machine learning and AI. The company started in 2012 and spent its first four years just collecting data from all over the world, which largely involved buying a lot of luxury designer handbags — both real and fake. “We spent a substantial amount of money on the best counterfeits and then also buying from the brands,” explains Deanna Thompson, Entrupy’s director of business. Today, the company has over 100,000 real and fake bags, total. The more data it collected, the smarter the algorithms became; in 2016 Entrupy devices were made available to secondhand retailers across the country. It has over 400 online and brick-and-mortar retailers on board in addition to other clients that include law enforcement and customs agents. “Now, we don’t have to really go out and seek the data. It’s coming to us because every time somebody uses the device, the algorithms get smarter,” says Thompson.
The device is literally an iPod or iPhone set up with the Entrupy app and held inside a Mophie-like gadget. The app walks you through the authentication process, which involves taking a few photos of the inside and outside of the item, and results are given in real time once the algorithms analyze the materials in the photos. The company claims the technology can achieve results with a 99.1% accuracy.
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Entrupy has intentionally flown relatively under the radar, and doesn’t disclose most of the retailers it works with, with the exception of Goodwill, with which it has a nationwide partnership, and one other which we’ll get into below. But Thompson is confident it will grow quickly, simply because of the convenience and confidence it offers retailers. “This is a game changer,” she says. “Not only is it freeing up your time, but it’s also removing the liability from the store owner and it’s standing behind you and it’s creating trust within the marketplace.”
On Thursday, Entrupy released a State of the Fake report, analyzing data from all of the authentications it performed last year — $50 million of merchandise, to be exact. It shows that the majority of fakes (or “unidentified” items, as the company calls them) Entrupy identified were “very good” to “super-fake” quality, and that the the percentage of items deemed authentic grew from 85% to 90% between 2017 and 2018. It points to potential reasons for that, including sellers being more careful and vigilant about verification, and more afraid of getting caught as authentication efforts advance.
It also sheds a light on what drives trends in the counterfeit handbag world: Louis Vuitton is among the most-faked brands because its styles, materials and monogram don’t change as frequently as others. Because Chloé bags are so difficult to authenticate by eye, an alternative solution like Entrupy is more desirable. Higher demand for certain bags often translates into higher quantities of counterfeits, too: Hermès and Goyard had the highest percentages of “unidentified” bags because they’re highly desired and deliberately produced in limited quantities. Gucci fakes have grown increasingly popular simply due to the popularity of the brand. Resale value can also have an impact on the popularity of counterfeiting certain styles.
Counterfeit bags don’t only enter the supply chain through secondhand retailers, either. They can come through illegitimate websites where customers may believe they’re getting a good deal on the real thing, only to be sent a fake. They can also come in the form of fraudulent returns at full-price stores. Entrupy’s next goal is to move into the primary market with a new product called Fingerprinting: Basically, a brand or retailer photographs part of a new bag at any point in the supply chain before it’s merchandised and sold to a customer. Then, if a customer returns that bag, they take the same photo to ensure it’s a match to a bag the retailer sold.
Last month, Entrupy unveiled a partnership with UK department store chain Selfridges, which recently found that people were purchasing authentic goods and then returning fake versions for full refunds. For a retailer of Selfridges’s scale, employing an easy-to-use device is more realistic than training every sales associate in the nuances of luxury authentication, and makes the process quicker for the customer, who may be making a legitimate return. A verdict on whether it is the same item can come through in just seconds. During a trial, the device found 11 out of 109 returns to be potentially fraudulent.
As evidenced by its State of the Fake report, Entrupy is on a mission to shed more light on the world’s counterfeiting problem — from the thousands to millions of dollars it can cost brands and retailers, to the social, environmental and health risks (and perhaps make a bigger name for itself in the process).
“There’s no regulation, so when you think about who’s making them, it’s horrifying; you’ve got kids chained to tables, women locked in factories. The chemicals that are used in [producing these items] — there’s no data as to what they can do to you,” says Thompson.
Indeed, a recent Better Business Bureau report on counterfeiting, which covered not just fake handbags but a slew of other products from sneakers to toys to makeup, found that international organized crime groups are involved heavily in counterfeiting, and that at least some of the proceeds from counterfeits may be used to fund terrorist groups. It also cites a consumer guide issued by the International Trade Administration that estimated in 2016 that counterfeiting and piracy cost the U.S. economy, annually, between $200 billion and $250 billion, and 750,000 jobs.
“People think it’s a victimless crime,” Thompson adds. “It’s just a lack of education.”
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