Morning Docket 3.19.2009
* Take a look at this legal analysis of the AIG bonus fiasco [The Hartford Courant]
* A new report from the Project for Attorney Retention (sounds like something we can all get behind) shows that it makes better business sense to have attorneys work reduced hours rather than laying them off. [The American Lawyer]
* More drama in the never-ending Minnesota Senate race: Al Franken says Norm Coleman should pay for the costs of the trial if he loses. [MSNBC]
* California’s 1996 ban of affirmative action in education, public hiring, or contracting is being closely considered by the courts. [National Law Journal]
* In spite of the recent blood bath at lawfirms—law school applications are still up. [The Wall Street Journal]
* China fell short of international anti-trust standards, rejecting Coca-Cola’s $2.4 billion bid for Huiguan Juice [Reuters]
* Enough Madoff already. Madoff’s accountant was charged with fraud and surrendered. [abcnews.com]
(42) Comments
Comments
First
Amazing. The WSJ article does not mention any of the 3L offers that have been rescinded by major firms. It's probably a good thing that the article generally refers to this market as the worst in recent memory. But, all of that talk about the "versatility" of a law degree is kind of over the top. Perhaps they should have interviewed some of the recently unemployed to see just how much versatility is built into a law degree.
3500 sq ft and a wife, bitches!
Waco Kid
Forth
3--Where did your Lexis go?
2, an interview with recently unemployed lawyers may not be the best way to gauge versatility of law degrees. In a down economy, law degrees are bound to be less versatile. People entering law school now are expecting to go on the market under better economic conditions.
however, I agree with your general point though.
5 - Oh yeah, and a sweet Lexis with the luxury a/c package for my wife.
Waco Prestige.
Law degrees are quite versatile. With a law degree, you can be a securities lawyer or a tax lawyer or a litigation lawyer or an insurance lawyer or an unemployed lawyer.
Fortune cookies were invented in America. A Coke can in Chinese would have been a better pic for that China story.
FYI, Lexis is the legal research company, Lexus is the car company.
Me Chinese
Me Play Joke
Me put pee pee in your Coke.
Why do these people so willfully ignore the fact that "the economy will likely improve by the time you graduate" makes no sense in the context of law school? If you're a 1L now, you've missed the boat if the economy improves by the time your graduate (approx. May 2011). You're doing your interviewing in only 5 months from now! That means the economy has to improve markedly in . . . oh, about a week from now (to give firms time to realize that they need to hire more by the time they come to campus). The Wall Street Journal, which covers the legal market extensively, should recognize this. Law school is not a 3-year safe haven by any means. It's, at most, a 1-year haven. And who in their right mind would call being a 1L a safe haven?
#10 - Nailed it.
@10 - You were always the last kid to get the joke, right?
@3 - Only one wife? And 3500 sq. ft. doesn't sound like much of a compound.
#11
Me American
Me so smart
Me no drink the pee pee part
@10 - Are you sure its not Lexis?
if you are a senior associate and have reached your eighth year, in a normal economy the firm would have kept you on, but now they are telling you that you don't have a future and you need to leave within a certain period of time. is this a layoff? the firm would argue it's just part of the normal "up or out" process that exists in any economy. how would this scenario be perceived by other firms when you look for a new job?
"In spite of the recent blood bath at lawfirms--law school applications are still up."
What a bunch of dummies.
Those kids are going to learn that law school administrators are even bigger liars than lawyers. It serves them right, since most law school students are arrogants asses.
"In spite of the recent blood bath at lawfirms--law school applications are still up."
What a bunch of dummies.
Those kids are going to learn that law school administrators are even bigger liars than lawyers. It serves them right, since most law school students are arrogant asses.
Pretty sure I read a NALP article that said though the number of applications at schools is up, the total number of applicants is about the same.
My tool shed is bigger than 3500 sq ft.
Suck on my Virginia Prestige.
Bragging about having a wife is really sad. Things must really suck in Texas.
5000 sq ft and 6 wives, bitches!
Johnny Fucking Utah
"In spite of the recent blood bath at lawfirms--law school applications are still up."
What a bunch of dummies.
Those students will soon learn that law school administrators are even bigger liars than lawyers.
18: In my experience, the companies that do LSAT prep classes basically guarantee every kid thinking about signing up for their bs course $160k/yr after graduation from law school.
Interesting distinction, 20. Do you have any idea where you read that? Any ideas why people would apply to more schools in this environment? Just trying to cover their bases I assume.
And Eliza, this is one of the best Morning Dockets in a while. I actually ready every article. Keep up the good work.
A link to an article about Madoff with the leader "Enough Madoff already"?
Nothing on Travis the Chimp?
What about the GSP/BJ Penn scandal?
Huiyuan, not Huiguan.
Skadden was Coke's counsel. Good job letting the deal explode.
@17
"if you are a senior associate and have reached your eighth year, in a normal economy the firm would have kept you on, but now they are telling you that you don't have a future and you need to leave within a certain period of time. is this a layoff?"
No, it's an ASS-REAMING.
"how would this scenario be perceived by other firms when you look for a new job?"
You would be perceived as DEAD WEIGHT and as an idiot who wasted the past EIGHT YEARS of your life making idiot partners richer.
Al Franken is attempting to STEAL the election. Just like Al Gore tried to do.
Al Franken is for loser pays? Sweet.
Law students = lemmings.
How many people have we had in the last few months do everything "right" from a prestige perspective - and then get sacked as a junior associate with full nondischargable loans? And that's after they got the damn job.
You'll notice, I didn't have anybody being Arab. I thought that would be too explosive, uh, no pun intended. But I just thought, 'too soon' for Arabs, maybe next year. You know, the ball's in their court.
Elie! What's with all the Comments being deleted from the LEWW posts? Pending Litigation from a PO'd bride that got called a horseface? Your public needs to know!!!!
...oh, and 11 & 15 just brightened my day...
@15 - That's "Me gringo" if you actually care about the rhythm...
There is a LEWW lawsuit?
22 is right. If I didn't have a wife I would brag about it.
20 is correct. Applications are up, but the number of applicants is flat. People are apparently just putting out more applications to cover their bases. I read this yesterday; I forget where.
12000 square feet, no wife, and a grotto.
You didn't even spell the Chinese juice company's name right.
Fail at basic journalism. Maybe you should go back being a full-time lawyer.
Hey Hall Monitor (41):
Did you even read your first sentence? Did it take you your whole life to develop into such a douchebag or was it just a few years of concentrated effort?
Could you please give me the name of your blog? I am *SO EXHASPERATED* with this one, I MUST go somewhere where they can spell the name of Chinese juice correctly.
Tool.