I blogged last year about an IPO for a football player – the public offering of a share of the right to receive 20% of Arian Foster’s future football-related income. There is a movement afoot now to introduce this concept in a much broader way: the sale of a share of future earnings as a means for college students to finance their education, as an alternative to incurring student debt. The current state of affairs is summarized in this Slate article. [Read more…]
In the depths of the recent recession, it became de rigueur among lawyers and non-lawyers alike to advise recent college graduates against attending law school, with much news coverage about the levels of student loan debt incurred and the inability of law graduates to be able to obtain gainful employment that could service that debt. Whether this advice is sound depends on whether the undeniably large downturn in demand for legal services was primarily based on structural or cyclical factors. [Read more…]
The Internet was recently ablaze with rumors that the Chipotle chain of fast-but-fresh Mexican food had announced an imminent avocado shortage that would lead it to stop selling guacamole. An inability to obtain guacamole would be quite upsetting to me personally (first world problems), but it ultimately turned out that such fears were overblown. [Read more…]
High up on the list of causes of avoidable email mistakes relate to use of the “BCC” field in emails, i.e., where the recipient receives a blind copy of the email that is not apparent to those who are receiving it in the “To” or “CC” fields. [Read more…]
Since I started practicing law in 1997, the manner in which closings of corporate deals are conducted has been completely transformed. In the old days, a typical closing would be conducted in a conference room in a law office, and the various documents that needed to be executed would be organized in manila file folders arrayed in a scary-looking retractable metal contraption that kept the folders separated. All attorneys and principals would be in the room, except that junior attorneys and paralegals would occasionally go scurrying off to make copies.