Thinking of going to law school? Don't say she didn't warn you.
Here at Above the Law, we like to give our readers after-hours video content. Watching videos can be difficult if you’re at work or in class. But in the evening, when the office is more quiet or when you’re at home, you can enjoy videos without worrying about a colleague or classmate giving you a hard time.
Last night we put up a video about law student debt, in which Professor William Birdthistle crunched some numbers regarding whether it’s financially wise to go to law school. If you haven’t already done so, check it out here.
This evening we have another video about legal education. This one relies primarily upon cultural rather than economic factors in arguing why you shouldn’t go to law school….
* Now prison inmates will literally be able to listen to the jailhouse rock. Dancing to it is a different issue. [USA Today]
* Why do students surf the web in class instead of taking notes? Probably because their professors are boring. [Legal Skills Prof Blog]
* The current Supreme Court justices have less time practicing law or working in politics than any other previous Supreme Court roster. But they have way more pillow fights. [Social Science Research Network via Instapundit]
* The chief judge of the U.S. District Court for the District of Montana emailed some friends a fairly offensive, racially charged joke about President Obama from his courthouse chambers. He will probably have to apologize. [Great Falls Tribune]
* “It’s like having a pace runner in a marathon: I don’t have to burn out running the 26.2 miles as fast as I can.” The only difference is that this new tool measures billable hours instead of miles. [ABA Journal]
I don’t even know where to begin with this, so let’s just play it straight:
Last week, a now ex-judge in Georgia pulled out a handgun during a bond hearing, pretended to hand it to an alleged rape victim who was testifying, and said she was “killing her case” and “might as well shoot” her lawyer.
I wish this was a joke or a hoax story. But no, it actually happened.
Keep reading to find out who this former judge is (spoiler: it’s not Rooster Cogburn) and why he pulled his piece in court…
So let’s discuss what everyone else is discussing: the “Zombie Mohammed” case. Earlier this month, Judge Mark W. Martin dismissed a harassment charge against Talaag Elbayomy, a Muslim man who allegedly attacked Ernie Perce, an atheist who was dressed up as “Zombie Muhammad.” The incident took place during last year’s Halloween parade in Mechanicsburg, Pennsylvania.
Since news of the ruling became public, things have gone crazy. Let’s discuss, and take an opinion poll….
This is the second part of a series on getting yourself in the door to an in-house position. If it’s not up your alley, read no further. Based on the feedback I received from last week’s entry, this is helpful to some folks out there. Don’t worry, my tell-all book is in the works, and when I’m ready to retire, I’ll regale you with stories of love triangles and hexagons that will make your head spin. Until then, let’s work on getting you that gig in-house.
It is presumed that you worked hard on your resumes and cover letters in law school, vetted them through the career office, and had at least two or more folks review them before sending them out for OCI and beyond. If you’ve been practicing for a while, and are now looking to jump in-house, you’ve likely dusted off your resume and edited it to include the substantive work you’ve done, your many court appearances, and your list of mega deals that you’ve brought to completion. Or not. The reality may be that you don’t have all that much “sexy” work to list on your updated resume.
Our ongoing ATL School & Firm Insider Survey (take it here!), asks current law students, among other things, “What do you expect to do after you graduate?” A whopping 71% tell us that they expect to work for a firm. (This percentage was consistent across class years.) That this proportion is so high, and so at odds with the NLJ findings, can mean some combination of two things:
The ATL student readership skews heavily toward that minority of students who will actually snag Biglaw gigs.
Many (if not most) expectations of law firm employment will be dashed against the reality of a contracting job market. In other words, a majority of students think they are in the fortunate minority
After the jump, we’ll look at how wide the gap between student expectation and market reality is, even at the “go-to” schools:
As we heard from Elie last week, a jury is like a box of chocolates. You never know what you’re going to get. The already unpredictable American jury system has gotten even more chaotic over the last several years as the internet has become ubiquitous, at home and in court.
Juror misconduct by internet can lead to mistrials, and it’s becoming increasingly (and unfortunately) more common. Last month the Vermont Supreme Court overturned an unsettling child sexual assault conviction because a juror conducted his own research about the Somali Bantu culture central to the parties in the case.
A law student client — already an MBA — said she needed convincing to drop out of her third-tier school.
I told her to calculate the return on investment for the final three semesters.
She crunched the numbers.
“Debit-wise, I’ve burned $80k in savings and I’m looking at another $100k of borrowed money. On the credit side, I might find a low-salary doc review gig.” She pretended to scratch notes. “So… big loans, interest payments, inadequate cash flow…opportunity cost of 18 more wasted months learning legal mumbo-jumbo followed by the bar exam…”
“In other words…” I egged her on.
“I’d be totally screwed.” She affixed the cap on her pen. “Thanks. I’m convinced.”
I posed the question we were dancing around: “Why are we having this conversation?”
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: firstname.lastname@example.org.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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