"A rising legal star in Miami agrees to plea bargain involving mail fraud, laundering charges "

That's the headline from the National Law Journal article about Richard Simring. Here's the intro:

A rising Miami legal star and community activist has quietly agreed to a plea deal in which he has pleaded guilty to conspiracy to commit mail fraud and money laundering in connection with his role as in-house counsel to an indicted billionaire businessman. Few in Miami have known that Richard Simring, a former partner at Stroock Stroock & Lavan and Jorden Burt, plead guilty in July in the Eastern District of Virginia and is facing possible suspension of his Florida Bar license. Simring took the plea deal, in which he faces a possible five years in prison and must testify against his former boss, before a grand jury could indict him, according to his lawyer, Brian Tannebaum of Miami's Tannebaum Weiss. "He's taking responsibility for what the government says he did," Tannebaum said. "He didn't want to roll the dice and face…a jury." Simring was charged in connection with his role as chief legal counsel to Ed Okun, a Carmel, Ca., billionaire who operated the "1031 Tax Group." The company was one that specialized in 1031 tax exchanges, a way to defer capital gains taxes by exchanging one investment property for another. U.S. v. Richard Simring, No. 3:08cr00321-REP (E.D. Va.).

Very sad.

UPDATE -- I re-read the article and this struck me:

Simring, according to the information, told Okun that he must stop transferring client funds and that he risked going to jail. In 2007, Simring became aware that Okun was continuing to misappropriate millions from clients and was on the verge of insolvency, according to the information. That's when the Okun resigned and Simring was appointed interim chief executive officer. According to the information, Simring complied with Okun's orders to continue transferring millions of dollars of client money. Simring resigned three days after assuming the role of CEO. Okun's company soon after filed for bankruptcy.

Three days!

Tough times

From AboveTheLaw (which has a new editor):

* It looks like 2008 will be the worst year for law firms since 2001. The American Lawyer says the "silver lining" is that firms can "winnow out unproductive lawyers and apply greater discipline to expense control." In other words: more layoffs, less perks. [American Lawyer]

* Law firms are not the only ones suffering. Florida courts will cut 250 positions by October 1. [Daily Business Review]

Random questions from the last two days

Did you work on Monday and Tuesday this week?
	Yes, I went to the office both days
	Yes, I worked from home
	No, I played Guitar Hero at home
Free polls from Pollhost.com

And for the comments:

How many billable hours were lost in the rain?

Did BigLaw make their secretaries work?

Should the federal courts track the school closures?

If the court is closed, should you be able to e-file motions?

Federal court in Miami closed Monday & Tuesday

UPDATE -- because the SDFLA tracks Dade County Schools, Miami federal court will be closed Tuesday.

Here's the notice from the court website:

AUGUST 17, 2008, 7:30 p.m.Federal District Court Operations and Tropical Storm Fay
The U.S. District Courthouses in Miami-Dade, Broward, and Monroe Counties will be closed on Monday, August 18, in accordance with Administrative Order 2007-44. This administrative order mandates that, in the event of hazardous weather that causes the local public schools in a particular county to close, the U.S. District Courthouse in that county will also close. The U.S. District Court closures include the U.S. Bankruptcy Courts.
Jurors have been instructed to call in for further reporting instructions.
At this time, the U.S. District Courthouses in West Palm Beach and Fort Pierce will remain open on August 18 unless the public schools in those locations also close.
Any change to the scheduled closures will be made via media announcements. Changes will also be posted on the Court's website at http://www.flsd.uscourts.gov/

Rain

That was some storm this afternoon, no?

It wasn't this bad:

But apparently there was an F-1 tornado. Pics here.