It’s not the traditional law professor career path, but disgraced securities plaintiffs attorney and all around scum bag Bill Lerach might make the transition from prison cell to ivory tower, according to ALM.

The University of California, Irvine School of Law is considering having Lerach teach an upper-level course in 2011, Assistant Dean for Communications and Public Affairs Rex Bossert confirmed Monday.

Lerach told the San Diego Union-Tribune last weekend that he is developing a course called “Regulation of Free Market Capitalism–Why Have We Failed?” He told the newspaper that he expects to “lecture at other law schools” and participate “in the ongoing debate about the need for better and more effective financial regulation and protection of investors.”

Lerach was released from a two-year sentence on March 8, the final two-and-a-half months of which were spent in home confinement following stints in an Arizona federal prison and a halfway house in San Diego. He still must complete 1,000 hours of community service and is scheduled to remain under supervised release for two years.

He pleaded guilty in 2007 to one count of conspiracy. The government alleged that members of his former firm, Milberg Weiss Bershad Hynes & Lerach, now called Milberg, paid kickbacks to lead plaintiffs in securities class actions.

Lovely! Only could lawyers dream up such. If you have a legitimate loss and need legal representation, call Bill Miller at 602.319.6899.

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