‘Twas the night before Christmas, and all through the Internetz,
Not many creatures were clicking, not even Biglaw cadets;
The BlackBerrys were silenced and set aside with care,
Because RIM crashed again and no emails were there.
Corporate lawyers were nestled all snug in their beds,
While visions of billable hours danced in their heads…
We expect next week to be a quiet one. Your Above the Law editors will still be around, checking tips and looking back at the big stories of 2009, but we’ll be publishing fewer posts per day.
If you want a legal fix over the holidays, think about entering the Do I Have A Right? ATL Challenge. The tournament runs through January 8. Hint: If your score is below 10,000, you might want to play again. And parents, think about partnering with your child to enter the contest as it’s aimed at middle schoolers. You can find out now whether you need to start a law school tuition fund for them.
In light of the frigid temperatures and snow we’ve been experiencing here in New York, Elie and yours truly have decided to visit sunny Los Angeles on January 7, 2010. We’ll be doing two events, both of them free and open to the public:
1. The Future of Big Law When: Thursday, January 7, 2010, 12 noon. Speakers: David Lat and Elie Mystal, editors, Above the Law Where: UCLA Law School, 71 Dodd Hall, Los Angeles, CA 90095 (room TBA). Cost: Free. Lunch will be served.
2. Reception at Corkbar When: Thursday, January 7, 2010, 6 p.m. to 8 p.m. Description: Meet and mingle with the editors of Above the Law and other lawyers from the area during this informal networking opportunity. Where: Corkbar, 403 West 12th Street, Downtown Los Angeles, CA 90015. Cost: Free. Appetizers will be provided; no host bar.
These events are being sponsored by the Los Angeles Lawyers Chapter of the Federalist Society, the Libertarian Law Council, and the UCLA chapters of the Federalist Society and the American Constitution Society.
Please reserve a spot by emailing email@example.com. Hope to see you there!
Greetings, Above the Law readers. We interrupt your regularly scheduled programming to bring you an announcement relating to our parent company, Breaking Media.
From our press release:
Jonah Bloom, currently editor of Crain Communications’ Advertising Age, will be joining Breaking Media, the B2B digital blog network that publishes the popular sites Above The Law, DealBreaker, Going Concern and Fashionista, as Chief Executive Officer and Editor in Chief. In addition, Breaking Media announces that Matt Creamer, senior editor at Advertising Age, will be joining the company as Executive Editor. They begin January 4.
Bloom and Creamer bring to Breaking Media extensive experience in B2B news and information. During their tenure, Bloom and Creamer helped lead the transformation of Ad Age into multiplatform information brand, greatly expanding its audience and its digital presence with newsletters and blogs and evolving the content to serve the media and marketing business with intelligence that went well beyond breaking news.
At Breaking Media, Bloom and Creamer, along with Publisher-Chief Operating Officer David Minkin, will be charged with the continued growth of the company’s existing stable of websites and with leading expansion into new coverage areas.
What does this mean for ATL on a day-to-day basis? Well, your above-signed writer will be returning his full-time focus to writing and editing posts on Above the Law. Observant commenters have noticed our byline appearing with increased frequency over the past few weeks; now you know why. UPDATE: In response to some of your comments, we’re happy to report that the rest of Team ATL — Elie, Kash, and all the columnists — will remain in place. FURTHER UPDATE: To the extent that this is a “demotion” for us, it was one that we requested (and that the company accommodated). Above the Law is our baby, and given our “control freak” tendencies, we wanted maximum involvement with it.
Full press release, after the jump.
The legal blogs selected for the ABA Journal Blawg 100 have been announced. In case you’re not familiar with this fine tradition, now in its third year, the Blawg 100 are “the 100 best Web sites by lawyers, for lawyers, as chosen by the editors of the ABA Journal.”
The 100 websites are divided into various categories, and then readers vote for their favorite in each. This year, Above the Law is defending its title in the News category. Although we are up against some excellent competition — check out all the nominees here — we hope you’ll do us the honor of voting for us.
This year the voting process is a little different. You need to be a registered user of the ABA Journal website in order to vote. Registering is free and easy; you can do so here. Voting ends on December 31, 2009.
We have many friends in the legal blogosphere, so we will refrain from making endorsements in the other categories. If you’re looking for voting guidance, though, feel free to check out Marc Randazza’s picks over at The Legal Satyricon.
Congratulations to all the Blawg 100, and good luck to everyone in the reader voting. May the best blog(s) win! ABA Journal Blawg 100 – News [ABA Journal] ABA Journal Blawg 100 – All Categories [ABA Journal]
Greetings, Above the Law readers. Please accept our wishes for a very HAPPY THANKSGIVING!
We hope you aren’t spending much time in front of the computer today (or tomorrow, which is effectively a holiday too). But if you are — for some depressing reason, like work — feel free to bemoan your fate in the comments.
We will keep you company over the next two days. We won’t be writing as much as usual, but we will be publishing a few posts for those of you who happen to be around.
This year has been a tough one for the nation, as well as for many ATL readers. Despite the difficulties, please take time to reflect upon what you’re thankful for. Some possibilities: your job, if you still have it, even though you might not love it; your bonus / partnership draw, if you’re getting one, even if it’s smaller than last year; your health, even if it could be better; your family, even if you want to throttle them sometimes; and your friends. (These are just obvious starting points; feel free to list more blessings in the comments.)
As for your ATL editors, we are obviously thankful for you, our readers. Our audience is sizable, devoted, and growing: our 2009 traffic year-to-date is up by over 120 percent over last year (i.e., it has more than doubled).
Thank you for your site visits and pageviews, your comments (even the mean ones), and all the great tips you send us (often by email, but by many other methods as well). To the extent that this site is a useful source of information and/or entertainment, it’s because of you. So, thank you — and Happy Thanksgiving!
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.
The traditional job application and interview process can be impersonal, and applicants often struggle to present themselves as more than just the sum of their GPAs, alma maters, and previous work history. ATL has partnered with ViewYou to help job seekers overcome this challenge. ViewYou NOW Profiles offer a unique way for job seekers to make a personal, memorable connection with prospective employers: introduction videos. These videos allow job candidates to display their personalities, interpersonal skills, and professional interests, creating an eDossier to brand themselves to potential employers all over the world. Check it out today!