This is what you see in the law firm world. Law firms try to keep up with Cravath, but it might not be financially prudent. You try to keep up with Cravath, and then two or three years later you go bankrupt.
– Dean Frank H. Wu of UC Hastings Law, discussing the legal profession’s (perhaps unhealthy) status obsession, in an interesting panel about diversity and federal clerkships at the annual education conference of the Association for Legal Career Professionals (aka NALP).
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