We knew it wouldn’t take very long before the age of sentient technology was upon us. Computers are taking over great swathes of the legal profession. LegalZoom is taking away business. Contract attorneys fear for the day when their work is fully outsourced to machines.
I, for one, welcome our new computer overlords, if only because their King, the internet, is still undecided about the legal profession. Help the internet help you…
Let me explain how this started. The American Association of Law Schools had its annual conference this weekend here in New York. On Saturday, I spoke on a panel about law school rankings with Bob Morse (U.S. News), Karen Sloan (National Law Journal), Katrina Dewey (Lawdragon), and Dimitra Kessenides (Bloomberg BNA). It was a fun and lively discussion in which we explained the different things we were trying to capture with our law school rankings, and how law school rankings are used and should be used. My plan was to cover the conference on Friday, speak on Saturday, then get drunk on Saturday night to make up for not being able to get drunk on Friday night.
But there was a huge snowstorm in NYC on Thursday night and I did not have the will to pull out my dogsled and make it to midtown on Friday morning. Instead, I followed the conference via various Twitter feeds of people who did make it. This was surprisingly effective (the internet is an amazing thing). Instead of being stuck in one room, I was following reports from many. So I was just sitting, warm and cozy in my basement, when this tweet went up:
Dean: Tuition costs not only reason grads in debt. They don’t apply for scholarships, drive nice cars. #aals2014
This isn’t the first car-related foolishness we’ve heard from defenders of law school; the former president of the ABA told law students that they should sell their cars to pay for law school. And this needs to stop. There are too many people in charge of law schools who remember tuition costs from when they went to school, which is beyond irrelevant.
Since some of these guys appear to be too addled to do the math, I’ve come up with something easier: pictures. I want you to show us what kind of car you drive in law school (or what kind of car you drove). Send us your jalopy; hell, if you have a sweet ride, send that too (subject line “Law School Car”). I would love to see if any of these cars could even put a dent in the current price of law school tuition.
Some of our Twitter followers were more than happy to start us out….
With Christmas and New Year’s Day falling on Wednesdays in 2013, it felt like the holiday season lasted forever. Not that we’re complaining — we enjoyed two weeks of relative quiet, and we suspect many of you did as well — but now it’s back to work, as we kick off the first full week of the new year.
One story that kept people engaged over the holiday lull was our fifth annual holiday card contest. Voter participation ran high, with more than 7,688 votes cast for the eight worthy finalists.
Which law firm’s card prevailed? Here’s a hint: it’s the most interesting Biglaw holiday card in the world….
With just two weeks left in the year 2013, we thought that now would be a good time to ask you, our loyal readers, to submit your nominations for Above the Law’s seventh annual LAWYER OF THE YEAR competition.
We’ll be running this competition just like we’ve done it in the past: you submit your nominees (in the comments to this post), we’ll review them and pick a slate of finalists, and then you’ll vote on them in a reader poll. Simples.
The winner will receive the glorious and honorific title of Above the Law’s Lawyer of the Year for 2013. Feel the prestige, my friends!
So, what are the criteria for nominations? We’ll break it down for you…
Thank you to everyone who submitted nominations for our fifth annual holiday card contest. In terms of quantity, we received a great many submissions. And (almost) all of you complied with the contest rules, so thanks for that as well.
Quantity was strong, but in terms of quality… well, at the risk of sounding Grinch-like, this wasn’t the strongest batch we’ve seen over the years. We received a lot of cards that were tasteful and well-executed but boring. While it’s not surprising that many firms take a “do no harm” approach to holiday cards, it doesn’t make for the most exciting contest.
That said, there were still a few stalks of wheat mixed in with the chaff. Here are the eight fabulous finalists, for you to review and vote upon….
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: