His resume is currently unavailable. They are quick in IT in Chicago!

oh, and First?

first!

Another scumbag NYU law grad. Are all NYU grads such d-bags? Is "how to be an a-hole 101" mandatory for 1Ls? What a loser school.

How many of these lawsuits are we going to see before it's over? 10? 15?

Another scumbag NYU law grad. Are all NYU grads such d-bags? Is "how to be an a-hole 101" mandatory for 1Ls? What a loser school.

Joseph P. Collins
Partner

Experience
Joseph Collins concentrates his practice on futures, securities, and derivatives law. He represents brokerage firms, dealers, investment advisers, hedge fund operators, investment companies, banks, and institutional investors on a wide array of issues relating to securities and derivatives.

The head of the firm’s Derivatives Group, he maintains offices in both Chicago and New York. He has been named as a leading practitioner in Capital Markets/Derivatives by Chambers Global and Chambers USA and was called a “widely respected” lawyer who “divides his time between New York and Chicago, winning respect along the way for advisory work on derivative matters" (Chambers USA).

Education
New York University School of Law, JD, 1975; Root-Tilden Scholar • College of the Holy Cross, AB, magna cum laude, 1972

Admitted

* US Court of Appeals for the Fifth Circuit, 1978
* US District Court for the Northern District of Illinois, 1977
* Illinois, 1975

Overrated: Calloway -- "I want to be rich"

Underrated: Bing Crosby -- "Home for the Holidays"

Joseph P. Collins
Partner

Experience
Joseph Collins concentrates his practice on futures, securities, and derivatives law. He represents brokerage firms, dealers, investment advisers, hedge fund operators, investment companies, banks, and institutional investors on a wide array of issues relating to securities and derivatives.

The head of the firm’s Derivatives Group, he maintains offices in both Chicago and New York. He has been named as a leading practitioner in Capital Markets/Derivatives by Chambers Global and Chambers USA and was called a “widely respected” lawyer who “divides his time between New York and Chicago, winning respect along the way for advisory work on derivative matters" (Chambers USA).

Education
New York University School of Law, JD, 1975; Root-Tilden Scholar • College of the Holy Cross, AB, magna cum laude, 1972

Admitted

* US Court of Appeals for the Fifth Circuit, 1978
* US District Court for the Northern District of Illinois, 1977
* Illinois, 1975

I didn't think outside counsel could ever be charged with a client's fraud. But I guess the bumblefucks at Mayer Brown proved me wrong.

I pity the fool that gets charged in connection with his clients' wrongs!

and a Holy Cross grad to boot. Holy Cross is the breeding ground for DBs all over New England - execpt this one apparently made it all the way to Chicago.

At least the guy did not assist in stealing a tawdry sum (like $160K from some widow's trust account).

If you are going to go down for fraud, it might as well be for $2.4 Billion.

Also in the news that former lawyer of the day that destroyed the kiddie porn on the episcopal priest's computer was sentenced today - no prison time.

This is one of the key reasons law schools need to change. I can’t express what a blow Loyola’s fraud has dealt to my desire for integrity and justice. I entered law school hoping to make the world a better place, but after getting ripped off so badly by Loyola, I wonder if this attitude has any place in the world.
When the places which are supposed to teach us integrity are mere profit centers - which use lies about jobs to trick us into paying six figures of borrowed money - then you can’t be surprised to find this attitude in private practice.

* * *

Today’s job board bounty. Don’t get me wrong, this is important work, but schools simply can not charge $40,000 a year when they know this is all that’s waiting for us.
……………………..
Employer Name: xx
Contact Name: xx
Address: xx
City: xx
Telephone: x
Facsimile: x
E-Mail: x
Description: HOURS: Part-time. SALARY: DOE (Loyola 2L: About $8 to $15/hour). STUDENT LEVEL: 2L, 3L, Recent Graduate. JOB DESCRIPTION: We would like to hire a second or third year student, or a recent graduate with good research skills and independent “out of the box” thinking skills. The basic project is to gather as much evidence as possible to determine the number of serious injuries and deaths arising from inmate on inmate violence at Los Angeles County jails from 2000 to the present. FIRM PRACTICE: Civil Rights. HOW TO APPLY: Submit resume and cover letter via e-mail to x
Date Entered: 12/17/07
Job ID: 421798

I like the bit about "the firm acted in a ...ethical manner in its work on behalf of Refco."

It was all ethical, except for the major derivatives partner allegedly assisting in a $2.4 billion fraud...

Have read many postings from MB insiders over the last 9 months about what a great place it is (despite all of the obvious baggage the firm has been carrying over the last year). I would be very interested to hear their views now, especially those who spouted about how great the morale is at the moment.

wasnt he also practicing law in a jurisdiction where he was not admitted by keeping a ny office?

3:02 = subtle anti-Simmons trolling

Guys in my high school used to document round trip loans between related entities and outside investors to shift bad debt off the books all the time. It was no big deal.

3:13 (1)- ???

3:13 (2)- Well played my friend, very well played. TBL would be proud

Dear Bus:

Meet Mr. Collins.

Sincerely,

Mayer Brown

p.s. We did nothing wrong. Nothing to see here. Move along.

Loyola 2L:

How would you like law schools to change? Give us with your recommendations.

Shiver me timbers, this Collins sounds like a scurvy Ninja. A Pirate's legal advice, and his communication with third-parties, is always sufficiently detached and qualified to isolate said Pirate from any independent liability. Yar!

Shiver me timbers, this Collins sounds like a scurvy Ninja. A Pirate's legal advice, and his communication with third-parties, is always sufficiently detached and qualified to isolate said Pirate from any independent liability. Yar!

Shiver me timbers, this Collins sounds like a scurvy Ninja. A Pirate's legal advice, and his communication with third-parties, is always sufficiently detached and qualified to isolate said Pirate from any independent liability. Yar!

Maybe it's me, but he looks innocent.

To rephrase: Loyola 2L, tell us your vision.

I blame that land-lubber Lat's bilge-sucking servers for me triple post, and besides, I'm three sheets to the wind!

Guess we won't be seeing Mayer, Brown & Collins anytime soon.

Yay for Root-Tilden!!

Yay for Root-Tilden!!

Criminal indictment for an outside lawyer who (I assume) didn't personally benefit from the alleged fraud in any way other than the firm's standard billing rates - seems a bit much.

He ninja-ed the investors and pirated 2.4 billion!

Joe is an honest and decent man. This indictment is a travesty. Very sad news.

Honest and decent men do not help a company swindle millions of dollars. He's a greedy partner at a bottom of the barrel big firm.

No special bonuses, but special indictments!

Notice the lawyerly drafting of MB's statement. The last sentence "... shows that THE FIRM (emphasis added) acted in a...". Of course, they are throwing this guy under the bus, whether he actually did something wrong or not (who knows really?).

3:37pm:

Take if from mem NEVER go back to work drunk.

Good post on the WSJ blog

How long will it be until MB becomes completely undone? People blithely assume that: (1) the insurance carriers will not attempt to disclaim liability based upon fraudulent conduct or potentially fraud in the inducement in obtaining the policy; and (2) the appetite of the plaintiffs in the securities fraud action , in any bankruptcy related action and other people who have or may sue will be satiated by the limits of MB’s liability policy.

If I were an MB partner — which I am not — with a portable book of business, I would be looking to head out the door very quickly to another suitable law firm. The downside of sticking around is that all the future profits may be subject to whatever gargantuan liability judgment might be ordered aginst MB or negotiated as a settlement. The upside of staying for those with portable business is simply non-existent. The calculus might be different for those in firm management. There might also be issues relating to personal guarantees and contractual provisions of the partnership agreement which might restrain one from leaving but those are unknowable to an outsider.

One wonders whether this potential for liability was the impetus for Alan Saltpeter to have left back in April/May.

Comment by Plaintiffs' Lawyer - December 18, 2007 at 11:51 pm

http://blogs.wsj.com/law/2007/12/18/mayer-brown-lawyer-indicted-in-connection-with-refco/#comments

Has MB announced their bonuses this year? Is the deluge of law suits likely to affect this?

A "travesty of justice," indeed. Isn't that what all the crooks say?

4:27,

Don't worry everyone, it's nothing but blue skies and roses at MB.

No, MB has not announced bonuses. Moral sucks partially because of the complete lack of bonus announcement and partially because of the firm restructuring after which a few key partners were lost. Then, there's the poorly handled staff downsizing - when the staff is seriously undermined and threatened by potential layoffs, it affects everyone.

Lawyers seriously need management and business training.

NYU grads? Or Chicago lawyers? Arthur Anderson's Chicago OGC gave the shred the documents order, it was Jenkins Gilchrist's Chicago office that brought the entire firm down. Now this.

10.13am - has the firm announced or indicated when they will be making a bonus announcement? Will there actually be any bonuses?

Wow, what is it about MB and their lawyers' proclivity for getting themselves and the firm tied up in huge liability? Every time they manage to put something behind them at huge cost and plans to self-insure in the future, something else comes up. When is the last time a major law firm (not a skeezy plaintiff's shop) had a partner under criminal indictment for conduct during the course of representation of a client?

Mayer always pays market or above market, Kirkland excepted, bonuses in Chicago and this year will be no different.

Whaty about their other offices? Do they always leave it this late (with 3 business days before Christmas)?

Mayer always announces bonuses in January. They aren't any later than usual this year.

For a bunch of lawyers you guys really aren't good at the whole 'innocent til proven guilty thing.'

i insist that the grand jury would have had indicted mb too if they was anything

Personal Shout Out to Loyola 2L

Stop your serial whining. There are no guarantees in life. There are plenty of lawyers who went to inferior law schools that are now successful lawyers with exciting careers. The graveyard is also littered with Harvard, Yale, Columbia and other top tier grads who couldn't hack it in the corporate world and never made partner, never had a client of their own and are working for squat now. It is all about the individual, not the school.

America is a land of opportunity and there are no barriers to entry. It really makes me laugh when I read posts from people like you who blame everyone else for their failures and foibles.