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Petey posted:Or, if she's less of a naif than I thought, it's an even more damning indictment on investment bankers (that they are so terrible that even the "billion disheartening and awful things" looks attractive by comparison).
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Jan 26, 2013 21:13
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Roger_Mudd posted:As someone who spent 3 months doing doc review in a Lehman Bros case, I can confirm that Investment Bankers are much worse than lawyers. We're psychic twins somehow. It was the same for me, but with the pharmaceutical industry. In order for a drug's patent not to expire, the formulation or delivery system must be substantially improved upon to qualify as a new drug itself. So if you come up with a drug that cures cervical necrosis or whatever: your first course of action is to figure out the very worst possible formulation for it. That way the mortality rates for the 2nd edition are statistically significantly higher, 3rd higher than that etc, thereby maximizing the patent length.
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Jan 27, 2013 19:20
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Yeah, but lawyers help all these bad people do these things. It's not like because a corporate lawyer is once removed from these positions, that lawyers are suddenly noble world-improvers. Edit: Though I agree that it does mitigate it, because being the person who actually controls whether to do these things or not is a lot worse than being one of thousands of lawyers the person could have hired to do it, because the person is going to do it and have the same success rate whether it's you working for them or it's some other lawyer, in most situations. MoFauxHawk fucked around with this message at 19:27 on Jan 27, 2013 |
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Jan 27, 2013 19:24
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MoFauxHawk posted:Yeah, but lawyers help all these bad people do these things. Do lawyers that end up working in PE/Hedge Funds with constructing deals count? Because a significant numbers of PE/Hedge Funds have partners or directors that are lawyers that basically structure said deals, usually very shady/unethical deals where they load up the company with debt, issue a big distribution and then see if the company can stay afloat while paying down the LBO debt. Horseshoe theory fucked around with this message at 19:54 on Jan 27, 2013 |
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Jan 27, 2013 19:51
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Roger_Mudd posted:As someone who spent 3 months doing doc review in a Lehman Bros case, I can confirm that Investment Bankers are much worse than lawyers. A married couple I'm friends with are both ibankers. One of them can be a little selfish and self-centered, but nothing out of the ordinary. The other one seems like one of the nicest people I've ever met. Donates time/money to lots of worthy causes, very compassionate, all around good person...or so I thought. Recently they decided to get some pets, and they got two kittens. They were quickly annoyed by how needy the kittens were and returned them to the pet store. They walked by the pet store a few days after they returned them and saw them in a cage in the window, and proceeded to laugh at them. I have seen the face of evil, and it is ibankers.
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Jan 27, 2013 20:08
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HiddenReplaced posted:I have seen the face of evil, and it is ibankers. What, you didn't think "American Psycho" was a pseudo true story about investment bankers? 
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Jan 27, 2013 20:17
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HiddenReplaced posted:A married couple I'm friends with are both ibankers. One of them can be a little selfish and self-centered, but nothing out of the ordinary. The other one seems like one of the nicest people I've ever met. Donates time/money to lots of worthy causes, very compassionate, all around good person...or so I thought. At least they didn't sell them MBS based on stated income loans?
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Jan 27, 2013 20:29
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I'm a foreclosure lawyer and spend my days trying to kick people out of their homes into the freezing streets, am I the most evil?
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Jan 27, 2013 20:53
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mastershakeman posted:I'm a foreclosure lawyer and spend my days trying to kick people out of their homes into the freezing streets, am I the most evil? How about the lawyers that work for the health insurance providers looking for loopholes to deny coverage?
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Jan 27, 2013 20:56
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Hey I drew a comic for your friend, except not really Linked because it spoils an anime called madoka if that matters to anyone
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Jan 27, 2013 21:26
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woozle wuzzle posted:In order for a drug's patent not to expire, the formulation or delivery system must be substantially improved upon to qualify as a new drug itself. So if you come up with a drug that cures cervical necrosis or whatever: your first course of action is to figure out the very worst possible formulation for it. That way the mortality rates for the 2nd edition are statistically significantly higher, 3rd higher than that etc, thereby maximizing the patent length.
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Jan 27, 2013 21:36
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mastershakeman posted:I'm a foreclosure lawyer and spend my days trying to kick people out of their homes into the freezing streets, am I the most evil? Yes, if you then buy the homes, rent them out, and become a slum lord.
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Jan 27, 2013 21:59
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MoFauxHawk posted:Yeah, but lawyers help all these bad people do these things. It's not like because a corporate lawyer is once removed from these positions, that lawyers are suddenly noble world-improvers. Yes. I'd rather be a gun than the shooter.
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Jan 27, 2013 22:50
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LLCoolJD posted:Yes, if you then buy the homes, rent them out, and become a slum lord. And suppose I'd rather connect up the houses with shabby sheet-metal catwalks, get some artfully drafted liability waivers, and charge children $10 to explore Dr. Wembly's Haunted Maze?
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Jan 27, 2013 23:19
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ThirdPartyView posted:How about the lawyers that work for the health insurance providers looking for loopholes to deny coverage? I think I told this story ages ago, but when I was coming out of undergrad there was only one company at the job fair advertising for legal studies students: Liberty Mutual. So I visited the booth and asked what a "claims specialist" did. The recruiter brightly told me that claims specialists had exciting, creative, analytical jobs because they worked with the in-house counsel to evaluate incoming claims and decide whether or not they should be honored. I said, "so, basically, you're looking for people who are going to help you screw people out of their health insurance claims?" The recruiter laughed and said "that's one way you could look at it." I told her no thanks and left. But I was lucky: I ended up having other better options, which were creative and analytical but also let me sleep at night. Otherwise I very easily could have been one of those people.
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Jan 28, 2013 00:12
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Every time I read these things, it makes me so happy to work for the government. The top of my pleadings literally say "NOW COMES my agency, representing the public interest, and would show blah blah blah." I don't think I could ever enjoy going private side in my regulatory field.
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Jan 28, 2013 00:45
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Speaking of patents, holy  at $1700 for filing any RCE after the first one. Maybe if US examiners weren't woefully under-trained and 80% giant manbabies who are willing to gently caress your application out of spite this wouldn't be so bad.
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Jan 28, 2013 01:26
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mastershakeman posted:I'm a foreclosure lawyer and spend my days trying to kick people out of their homes into the freezing streets, am I the most evil? Why do you do this? Serious question.
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Jan 28, 2013 01:43
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I didn't really want to do document review forever, and it's the first salaried position (with benefits!) I found in 4 years since being sworn in. Seriously, outside of the true believers in a few fields like crimlaw, aren't most lawyers in their fields simply because that's where the paycheck comes from?
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Jan 28, 2013 01:59
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mastershakeman posted:I didn't really want to do document review forever, and it's the first salaried position (with benefits!) I found in 4 years since being sworn in. Yeah, it's nothing personal. That's just a horrible way to make a living. The better you are, the more folks lose their homes. Hurrah!
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Jan 28, 2013 03:28
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HolySwissCheese posted:Every time I read these things, it makes me so happy to work for the government. The top of my pleadings literally say "NOW COMES my agency, representing the public interest, and would show blah blah blah."
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Jan 28, 2013 04:05
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mastershakeman posted:I didn't really want to do document review forever, and it's the first salaried position (with benefits!) I found in 4 years since being sworn in. "There's a fine line there. What it comes down to, Red, is some people refuse to get their hands dirty at all. That's called sainthood, and the pigeons land on your shoulders and crap all over your shirt. The other extreme is to take a bath in the dirt and deal any goddamned thing that will turn a dollar - guns, switchblades, big H, what the hell. You ever have a con come up to you and offer you a contract?" I nodded. It's happened a lot of time over the years. You are, after all, the man who can get it. And they figure if you can get them a nine-bolt battery for their transistor radio or a carton of Luckies or a lid of reefer, you can put them in touch with a guy who'll use a knife. "Sure you have," Andy agreed. "But you don't do it. Because guys like us, Red, we know there's a third choice. An alternative to staying simon-pure or bathing in the filth and the slime. It's the alternative that grown-ups all over the world pick. You balance off your walk through the hog-wallow against what it gains you. You choose the lesser of two evils and try to keep your good intentions in front of you. And I guess you judge how well you're doing by how well you sleep at night... and what your dreams are like."
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Jan 28, 2013 04:16
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I'll sell my soul to pay off my loans, easily.
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Jan 28, 2013 04:57
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J Miracle posted:"There's a fine line there. What it comes down to, Red, is some people refuse to get their hands dirty at all. That's called sainthood, and the pigeons land on your shoulders and crap all over your shirt. The other extreme is to take a bath in the dirt and deal any goddamned thing that will turn a dollar - guns, switchblades, big H, what the hell. You ever have a con come up to you and offer you a contract?" Lawshank Redumption
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Jan 28, 2013 05:14
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mastershakeman posted:I didn't really want to do document review forever, and it's the first salaried position (with benefits!) I found in 4 years since being sworn in. The yuppie Nuremberg defense.
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Jan 28, 2013 14:37
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HiddenReplaced posted:A married couple I'm friends with are both ibankers. One of them can be a little selfish and self-centered, but nothing out of the ordinary. The other one seems like one of the nicest people I've ever met. Donates time/money to lots of worthy causes, very compassionate, all around good person...or so I thought. On the other hand, fuuuuuuuuuuck cats.
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Jan 28, 2013 14:40
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gvibes posted:Formulation patents suck. Don't worry, the best mode requirement has been read out of the statute!
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Jan 28, 2013 14:41
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Zo posted:Speaking of patents, holy We only see about $500 of that when you calculate out your hourly wage vs. production requirements. e: Also pick up the phone; telephonic interviews, in my opinion, cut out three actions.
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Jan 28, 2013 14:42
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Between "no alcohol" and "no swearing," I don't know how Mormon lawyers can survive.
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Jan 28, 2013 15:48
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I'd strongly encourage any law students reading to take at least one intellectual property class. Even if you have no interest in practicing IP, it's an area that bleeds into a lot of other things. Understanding basic stuff like patent assignments and the prosecution process is borderline magic to more senior attorneys and is an easy way to demonstrate competence to a supervising attorney.
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Jan 28, 2013 16:44
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Omerta posted:I'd strongly encourage any law students reading to take at least one intellectual property class. Even if you have no interest in practicing IP, it's an area that bleeds into a lot of other things. Understanding basic stuff like patent assignments and the prosecution process is borderline magic to more senior attorneys and is an easy way to demonstrate competence to a supervising attorney.
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Jan 28, 2013 17:06
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http://www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1202585810784&Avoiding_law_school_in_droves&slreturn=20130028103609 20% decline in law school applications this cycle. Hilariously enough the biggest drop in applicants is among those with 170+ LSAT scores:
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Jan 28, 2013 18:48
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10-8 posted:But what if IP conflicts with my animal rights law course? Specialize! Is it against animal rights to patent animal surgical methods? Coming to a law review near you.
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Jan 28, 2013 18:49
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10-8 posted:But what if IP conflicts with my animal rights law course? Hahaha. I'm actually taking both Animal Law and Patent Prosecution this semester so it really amused me that you said that. They're both fun.
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Jan 28, 2013 18:53
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Baruch Obamawitz posted:e: Also pick up the phone; telephonic interviews, in my opinion, cut out three actions. It depends on whether the examiner's English is actually understandable. Also once a SPE basically hijacked the interview to rant about how lovely my application was (sorry, but my firm didn't write the application) and wouldn't let the examiner for the application get in any words.
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Jan 28, 2013 20:06
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insanityv2 posted:20% decline in law school applications this cycle. So there will be 12,000 less JDs in 3 years (as compared to this year or the 2010 enrollment figures). Assuming 20k per year in tution (on the low end), this means 720 million in lost tuition over 3 years? (am I doing this right?) 12,000 (students) * $60,000 (tuition over 3 years @ 20k per year) = $720,000,000.00. Unless my math is way off, it seems like we should see some pretty significant school closings.
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Jan 28, 2013 20:29
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Roger_Mudd posted:So there will be 12,000 less JDs in 3 years (as compared to this year or the 2010 enrollment figures). Except it looks like the decreased applications are hitting the higher-ranked schools much harder than the Cooleys of the world. And those better schools would usually have more endowments and/or state funding to cushion the immediate blow, I'd think.
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Jan 28, 2013 21:43
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gret posted:It depends on whether the examiner's English is actually understandable. Also once a SPE basically hijacked the interview to rant about how lovely my application was (sorry, but my firm didn't write the application) and wouldn't let the examiner for the application get in any words. Accents and the examiner's grasp of the English language are far less of a problem for me than the horrible quality speakerphones/hands-free kits that must be standard issue at the USPTO. Either that, or the work from home program now allows you to examine patent applications from the bottom of the ocean or the pilot seat of a helicopter circling the city.
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Jan 28, 2013 21:57
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echopapa posted:Between "no alcohol" and "no swearing," I don't know how Mormon lawyers can survive. Most mormon crim attorneys I know break the second and many break the first (also, coffee). The law: sending people to hell since 18(whenever mormonism started).
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Jan 28, 2013 21:58
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Roger_Mudd posted:So there will be 12,000 less JDs in 3 years (as compared to this year or the 2010 enrollment figures). Also there are people who, when they don't get into their schools of choice, choose not to go to law school. So 12,000 fewer applicants doesn't mean 12,000 fewer people starting law school.
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Jan 28, 2013 22:06
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