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BiG LaW 101

williambanzai7's picture




 

THE PYRAMID OF BIG LAW

 

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THE SINKING OF DEWEY LEBOEUF

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WHO KILLED BIG LAW
(Who Killed Davey Moore, Bob Dylan)
WilliamBanzai7

Who killed Big Law,
Why an' what's the reason for?

"Not I," says the Managing Partner who pressed economic fate,
"Don't point your finger at me.
I could've stopped it before it was too late
An' maybe kept the Firm from this unhappy fate,
But my gold struck Partners would've booed, I'm sure,
At not gettin' bigger and bigger and more.
It's too bad professional collegiality had to go,
But there was a pressure on me to leverage, you know.
It wasn't me that made it fall.
No, you can't blame me at all."

Who killed Big Law,
Why an' what's the reason for?

"Not us," say the angry law graduate crowd,
Whose insatiable screams filled the hiring arena aloud.
"It's too bad it died alright
But we're hocked to the teeth and our budget is tight.
We didn't mean for it to meet this fate,
We might be greedy but we're not ingrates,
There ain't nothing wrong in that.
It wasn't us that made it fall.
No, you can't blame us at all."

Who killed Big law,
Why an' what's the reason for?

"Not me," says the Wall Street banker big wig,
Puffing on a big bailout cigar.
"It's hard to say, it's hard to tell,
I always thought that they did just a little too well.
It's too bad for them that their model's dead,
But if it is sick, its because of their own swelled heads.
It wasn't me that made them fall.
No, you can't blame me at all."

Who killed Big Law,
Why an' what's the reason for?

"Not me," says the rainmaker star,
With his CV and business card still in his hand.
"It wasn't me that knocked it down,
My hands never touched it none.
I didn't commit no ugly sin,
Anyway, it's always the money that decides who wins.
It wasn't me that made it fall.
No, you can't blame me at all."

Who killed Big Law,
Why an' what's the reason for?

"Not me," says the legal recruiter,
Pounding e-messages like a lateral roto-rooter,
Sayin', "The head hunting business ain't to blame,
There's just so much greed in the legal comp game."
Sayin', "Poaching is here to stay,
It's just the good old American way.
It wasn't me that made it fall.
No, you can't blame me at all."

Who killed Big Law,
Why an' what's the reason for?

"Not me," says the legal Grim Reaper whose Darwinian fists
Laid the legal biz low in a cloud of non-billable mist,
Who came here from the subprime meltdown's back door
Where exuberant billing ain't allowed no more.
"I hit them, yes, it's true,
But that's what I am here to do.
Don't say 'murder,' don't say 'kill.'
It was destiny, it was God's will."

Who killed Big Law,
Why an' what's the reason for?

 

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Fri, 05/04/2012 - 19:03 | 2398504 skank
skank's picture

time to cr4ck,

..... ..... ..... ..... ..... ..... ..... ..... ..... ..... open a soda.

Fri, 05/04/2012 - 18:40 | 2398476 blindman
Fri, 05/04/2012 - 09:59 | 2396696 hivekiller
hivekiller's picture

Most lawyers are sociopaths. They are the bottom feeders of society and 99 percent should be eliminated. I'm not particular about the method.

Fri, 05/04/2012 - 06:36 | 2396078 overmedicatedun...
overmedicatedundersexed's picture

corzine walks free and lives la dolche vita..judges and lawyers are about getting as much as they can like a tick on dog. I guess there are some good ticks but I have never met one.. to be a lawyer or Judge you must loose justice to gain $$. look I do not point my finger at them because I am better, they are the legal system imposed on this nation to support the power structure, but they choose to work in it.

Thu, 05/03/2012 - 22:47 | 2395761 dolph9
dolph9's picture

Open up a phone book and look at all those ads for lawyers.

Take a good luck at the faces.  Pure slime.

Thu, 05/03/2012 - 22:33 | 2395739 overthehill
overthehill's picture

And then there's 'The Continuing Matter"' . . . . (legal flypaper)

Thu, 05/03/2012 - 22:23 | 2395724 Yes_Questions
Yes_Questions's picture

 

 

Who killed Big Law?

Bigger Law.

Thu, 05/03/2012 - 20:42 | 2395561 nmewn
nmewn's picture

Regretfully, possibly one of your best Banzai.

Fri, 05/04/2012 - 00:27 | 2395868 williambanzai7
williambanzai7's picture

Tnx, I finally decided to rework that capitalist pyramid image and the Titanic is all around us as you well know.

Unfortunately, there really all kinds of people who will be hurt by this actions of upper management in that firm and really don't deserve it. But in that respect, law is not unique. The little guy pays for the mistakes of the assholes upstairs.

Thu, 05/03/2012 - 19:31 | 2395469 gaoptimize
gaoptimize's picture

As former Air Force, I can assure you the military is not further up the pyramid from the liesure class.

Thu, 05/03/2012 - 15:06 | 2394847 q99x2
Thu, 05/03/2012 - 13:38 | 2394450 the grateful un...
the grateful unemployed's picture

if the Titanic had sunk in 2008 it would have been refloated. (take note all those bearish on the dollar - yes the money in your bank account will be revalued at pennies on the dollar, but the new dollar, the one the banksters keep in the vault, or on their harddrive, it will do just fine, refloated as they say. this is what happened in 32, when the income disparity gap began to widen)

Thu, 05/03/2012 - 13:28 | 2394395 Spaceman Spiff
Spaceman Spiff's picture

The ABA and our University systems are to blame.   So cheap and profitable to open a law school, they have been opening and accrediting them as fast as they could.   They keep the lawyer numbers down the best they can by failing 30-50% of bar examinees.   Big education is to blame once again but in this case they wrap themselves in a smug cloud and say they are better serving legal needs of the poor with more law schools while lining their pockets from sucker law students and easy loans.   

 

 

Thu, 05/03/2012 - 15:32 | 2394910 Widowmaker
Widowmaker's picture

Pro bono is dead, along with every ethical-canon of the profession..

One would think attorneys would quit being faggots and defend the rule of law against it's new enemy - incorporated tyranny.

Sadly, they are all the same - already dead.

Thu, 05/03/2012 - 12:43 | 2394204 rosiescenario
rosiescenario's picture

While it is popular to be opposed to the massive bribery that exists to facilitate business conducted in countries such as Mexico, it is most likely far, far cheaper and more efficient than having to jump through the legal hurdles erected within the U.S. to accomplish the same task...and it is far, far quicker.

 

This is one of many reason we see U.S. companies opening factories abroad.

Thu, 05/03/2012 - 13:23 | 2394374 moondog
moondog's picture

Your point is correct when you talk about small and mid sized companies.

On the other hand, the larger, well connected corporations find it rather easy to conduct business in the US. Now that corporations are considered people http://en.wikipedia.org/wiki/Citizens_United_v._Federal_Election_Commission, their ability to influence politicians has increased. Corporations such as GE can do business in the US while paying little to no taxes. Industry and Finance can get away with plundering the tax coffers, and breaking the law.

The regulations are in place to crush competition from the upstarts.

Large corporations move offshore primarily to decrease labor costs.

Thu, 05/03/2012 - 11:54 | 2394013 Fix It Again Timmy
Fix It Again Timmy's picture

Local Pigs, serving their masters, keeping the neighborhood SAFE for da Banksters - They do it, 'cuz they need their shitty jobs so they don't end up "On Da Curb"....

http://afscatlanta.blogspot.com/search/label/investment%20one%20corporation

Watch the video and see "law" in action......

http://afscatlanta.blogspot.com/search/label/investment%20one%20corporation

 

Thu, 05/03/2012 - 11:49 | 2393987 Coldfire
Thu, 05/03/2012 - 11:44 | 2393963 ShankyS
ShankyS's picture

Big law propels and feeds on the rising police state - it is a vicious cycle. When does it end? Of course when the last thing left is for it to be illegal to make law. 

 

Wonderful stuff as always WB7. 

Thu, 05/03/2012 - 13:34 | 2394424 Spaceman Spiff
Spaceman Spiff's picture

Big law does play its part, but don't leave out congress and their multi-thousand page bills that fuel the rising police/regulated state.

 

Perhaps we should mandate all bills be handwritten by congressmen/vermin...

Thu, 05/03/2012 - 11:27 | 2393882 GMadScientist
GMadScientist's picture

33 new partners in 1 year since the merger in the middle of a depression.

Count those Xanax carefully folks!

Thu, 05/03/2012 - 11:22 | 2393866 cherry picker
cherry picker's picture

Law is the most overrated profession on this planet. 

What is law?  The ability to read the jargon that our government writes for regulations, able to search cases in the past to see who won and lost and on what grounds and to be able to advise and represent clients in a courtroom.

Most of us can read, search history and argue.

It is up to a judge or judge and jury to determine fate.

Methinks lawyers are an expensive waste.

Thu, 05/03/2012 - 15:02 | 2394802 narapoiddyslexia
narapoiddyslexia's picture

Cherry Picker is manifesting what's known as the Illusory Superiority effect.

http://en.wikipedia.org/wiki/Illusory_superiority

I've seen many people represent themselves over the years, and they were all, to a man, totally incompetent at it. [And they were all men.] By thinking like Cherry Picker does, they all hurt themselves, sometimes irretrievably. Most people are of below average competency because competency is not normally distributed, in spite of what you think - see the link below.

So go ahead and represent yourself, bozo. Just make sure you post a notice online so we can watch you crash and burn.

http://onlinelibrary.wiley.com/doi/10.1111/j.1744-6570.2011.01239.x/full

 

Thu, 05/03/2012 - 15:02 | 2394835 cherry picker
cherry picker's picture

I've represented myself more than once and made out OK, as long as the Judge is a good one.  One that is interested in finding out the facts, not in a tiff because I didn't have representation.

On the other hand, I paid thousands to lawyers in the course of my life and except for one attorney who represented me, they weren't worth the money.  The one attorney that was good was formerly a magistrate in Uganda until Adi Amin came along and he became a member of the London Bar before immigrating to Canada, so he wasn't infected with the lawyer "superiority" complex.

Thu, 05/03/2012 - 15:37 | 2394901 narapoiddyslexia
narapoiddyslexia's picture

You're point is well taken, in that the study I cited reveals that the legal profession is subject to the same frailties as the population at large. You also support the assertion, though, that if your lawyer is well-chosen, you're far better off.

Thu, 05/03/2012 - 14:40 | 2394758 Hohum
Hohum's picture

Cherry Picker,

Good point.  And I am a lawyer!

Thu, 05/03/2012 - 13:31 | 2394412 moondog
moondog's picture

I think Plato would refer to them as sophists.

Some are great orators and master manipulators...bullshit artists to the core.

If all of the lawyers were removed from the planet, it would do little in the long term. Now change that to doctors, engineers, or scientists and the outcome would be much different.

Thu, 05/03/2012 - 13:26 | 2394382 MeanReversion
MeanReversion's picture

So says the armchair critic.  And a doctor is merely being able to know a bunch of diseases, matching those diseases to symptoms and advising a treatment based on these symptoms.  See how stupid that sounds?

For the record, I'm a FORMER lawyer.  I have no love for the legal profession per se.  And certainly not for the big law firms where I spent all of my legal career working hours on end.  It's why I left.  Lawyers are a dime a dozen, but a skilled lawyer is hard to find. 

The average person CAN do what a lawyer does IF he is trained to do so (that goes for any profession, duh).  Navigating through a minefield of laws is not easy and neither is formulating an ironclad argument on behalf of your client in the form of an oral argument or a brief.  It's fucking hard, and it's far more than you can ever comprehend unless you've done it, which clearly, you have not. 

I can't stand "big law" but I certainly have a lot of respect for many of my former colleagues, who were some of sharpest minds (and not just legal minds) I've come across.

And rest assured, let's see what an "expensive waste" you think a lawyer is if you're ever thrown in prison.  Everyone hates lawyers until they end up needing one.  And I can guarandamntee you would not pick some lawyer straight out of law school to represent you.

Fri, 05/04/2012 - 09:27 | 2396530 chunga
chunga's picture

Lots of lawyer bashing.

This is (allegedly) a nation of laws.

Being represented by a bad lawyer can hurt almost as much as being operated on by a bad Dr.

Fri, 05/04/2012 - 07:22 | 2396111 ForTheWorld
ForTheWorld's picture

Why do we need a "mindfield" of laws?

Fri, 05/04/2012 - 09:44 | 2396538 Revert_Back_to_...
Revert_Back_to_1792_Act's picture

LOL! @ Mind-field.  That is a good question right there.  Some people up in here are thinkin...I smell smoke.

http://www.youtube.com/watch?v=buiO1K_kRSg

Kinda like Con-tract? and Re-Present?

 

Thu, 05/03/2012 - 20:44 | 2395563 cherry picker
cherry picker's picture

To be honest with you, any person who excels at anything is usually worth what they ask for.

With law, as you admit, it is like tossing a coin.

I was in court many times as a young person.  Even heard one magistrate shake his head in disbelief as the attorney stumbled attempting to defend a client.  "Sit down.  I don't want to hear you until you know what you are talking about"  or something to that effect.

I looked at his client, thinking to myself, I wonder how much he paid to hear those words and how does he feel about his defense now.

It happens too often.

Fri, 05/04/2012 - 11:44 | 2397052 Revert_Back_to_...
Revert_Back_to_1792_Act's picture

It's cold and lonely in the deep dark night

I can see paradise by the dashboard light.

http://www.youtube.com/watch?v=SmPMMitJDYg

I think ZH Knocks things off the front page when people start talking about stuff that worries whoever runs this asylum.

Here is one thing I have learned in my life.  You can take things that don't belong to you, but after you have them, you find out you don't really want them.  Most of the time, you also find out you took them from someone who would have been your friend.  Maybe now you are all scared to give them back but I would say, go ahead and do it (if you can) before it's too late.  Just because someone can do a thing, does not mean they will do that thing.

 

Thu, 05/03/2012 - 13:32 | 2394414 AnAnonymous
AnAnonymous's picture

Trapped by a steel cage...

Very often, your captor is also the person who can set you free.

Sharp mind indeed. US citizen sharp mind.

Thu, 05/03/2012 - 15:41 | 2394937 CompassionateFascist
CompassionateFascist's picture

Somewhere in China, a lost puppy is barking...and Anonymous' stomach begins to growl.

Thu, 05/03/2012 - 11:17 | 2393846 chunga
chunga's picture

Awesome...I call the big firms that run flak for the banks "Black Hats".

That's fine. Just one problem working as a financial predator for bigger financial predators is; sometimes they eat you.

Harmon Law Continues Jihad on Justice and the Conjured Corporate "Resolution"

Harmon Law must pay evil google...I can't quite out-rank them in their index.

Thu, 05/03/2012 - 11:13 | 2393827 dogbreath
dogbreath's picture

Brilliant WB

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