Whenever the topic of financial profligacy arises, I like to remind the assembled audience of my own rectitude in such matters. Why, I didn’t get a credit card until my second year of law school. Until that point, I had no need for credit. And I still didn’t even after I got the card. A twelve-hundred dollar limit is what they gave me on account of my non-existent credit. But that was alright with me. What in the world would ever possess a person to spend more than a thousand dollars that they didn’t have on hand? Do you know how cheap eggs are? I mean, I know this sounds like quite the non sequitur, but do you know how cheap a carton of eggs is? You can get them for a dollar. Maybe a dollar and change. The only reason I bring this up is they are a tasty source of protein for next-to-no-money at all. And so I ask you, why in the world would you ever need to borrow an enormous sum of money? Why would you spend your money like some drunk, and likely ethnic, sailor on shore leave? Are you compensating for something? I beseech you, are you too good for eggs? No sir, I don’t think I’m better than you with your spendthrift waffle iron ways. I just think you must never have truly learned how to run a tight fiscal ship.
I owe several entities close to a quarter-million dollars because of a Northwestern legal education that led me to… well, this.
“You are not just individuals. You are the Michigan Law School Class of 2016, and you will always be a member of that class. And it’s not just a class: It’s an idea, a tradition, a tie to something greater than you.”
– Mark West, the new dean of the University of Michigan Law School
You can learn a lot about a law school by how they greet their incoming students. The famous Paper Chase quote — “Look to your left, look to your right, because one of you won’t be here by the end of the year” — pretty much tells you all you need to know about Harvard Law School, or at least how it would like to see itself. If Dean West’s prodigious statements appeal to you, Michigan Law might be more your cup of tea. West continued: “You are not here to get your degree, and not simply to learn to ‘think like a lawyer’ or even merely to learn how to be a lawyer. You are here — at Michigan — to develop a lifelong association with all that is here. There will never be another time like this for you.”
Conquering heroes all, no doubt. Champions of the West.
Other law schools don’t take themselves nearly so seriously, but they all think their entering class of 2016 is pretty special. And they are. These are the kids who decided to go to law school when, historically speaking, everybody told them it was a bad idea. The class of 2016 is either the most motivated in history or the people most resistant to information and statistics in a generation.
Let’s look at how their own law schools describe them….
The law school brain drain is in full effect. Applications from Ivy League graduates are down, and applications are down in general. Last week, my colleague Elie Mystal described the troubling predicament like so: “[T]he students with the best ‘logical reasoning skills’ as measured by the LSAT are avoiding law school at a higher rate than people at shallow end of the LSAT pool.” That being the case, how have top law schools responded to the less than impressive talent pool? By doing the same thing they’ve always done.
Despite the fact that some of the most well-qualified students are fleeing the law school application game like rats from a sinking ship, T14 law schools are still attracting rather competitive applicants. Unlike the law schools that would reportedly consider admitting applicants with sub-145 LSAT scores, top schools would never deign to lower their elite standards — well, at least not by that much.
While it’s still difficult to get into a top law school, it’s not quite as difficult as it used to be before the bottom fell out from the entry-level employment market. What do top law schools’ LSAT scores look like now compared to three years ago? Let’s take a look…
As mentioned in Non-Sequiturs last week, this story is why we can’t have nice things. Specifically, why lawyers make it so we can’t have nice things.
On Friday, the Washington Post reported that Georgetown Law had worked out how to bilk the federal government into fully paying for some its students’ tuition and managed to create a profit for itself on the side. This is caused a bit of a stir Friday afternoon, but unfortunately the practice is neither new nor limited to Georgetown.
Though some tactics Georgetown employs may go beyond what any other school has the gall to attempt….
Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Kristina Tsamis shares some career advice for JD/MBAs from a panel discussion hosted by Duke Law in conjunction with other peer law schools.
We spend a lot of time discussing the dismal employment outcomes for JD grads. Things aren’t so rosy for MBA graduates either. To talk about a dual JD/MBA degree in this context seems like a double fail — a one-two punch of more work and potentially more debt in exchange for the same sad outcome.
Enter the panelists of How to Use the JD/MBA Degree in Business and Entrepreneurship: all JD/MBA graduates who touted the usefulness of a dual degree during a discussion hosted by Duke Law in conjunction with other peer law schools. The panelists centered their advice on four main areas: what to focus on while pursuing the dual degree, how to select a good mentor, how to interview well, and how to stop being risk-averse.
1. Maintain the Right Focus as a JD/MBA student
That class in early English case law will leave you painfully ill-equipped for the modern practice of law. But there are some courses you should be paying attention to, both on the JD and MBA side.
[UPDATE: You know how you can get people to read your post -- put the wrong date on it. Now updated to June]
* Slave law is still considered “good law” by the courts? Originalism is alive and well! [Post & Found]
* For the first time ever, the Washington Post’s scavenger hunt/riddle/prove how pretentious we are competition was won by a single individual. Congratulations to Sullivan and Cromwell’s Sean Memon, an ’08 Duke grad, who prevailed after figuring out that nothing was happening. That makes sense when you read the article. [Constitutional Daily]
* Here’s an argument against affirmative action based on the premise that black people at the barest of margins may be hindered by having too good of a résumé. This is, well, wrong, but much more intellectual than the arguments against affirmative action advanced by the Chief Justice. [Ramblings on Appeal]
* A San Diego lawyer is seeking a young attorney in L.A. to work for slightly more than peanuts. But the requirements are entertaining, like confidence that “you are going to be the next F. Lee Baily or Johnny Cochran.” The poster is also an “elderly gay man (late 50′s).” Is that really elderly anymore? [Craigslist]
This is the fourth in a series of posts looking at how law schools in specific markets stack up based on the results of our ATL Insider Survey. As we’ve often noted, very few law schools are truly national institutions. Typically, the majority of graduates don’t stray too far from their alma maters, so the strongest network will be local, for local jobs. It’s to your advantage to go to school where you want to practice, sometimes even more so than going to a higher-ranked school.
In recent weeks, we’ve looked at our survey results pertaining to Chicago, Boston, and New York-area law schools. We examined how current law students rate their schools in terms of academics, career counseling, financial aid advising, practical/clinical training, and social life.
Today, we turn to our broadest geographic region yet: the South (the Carolinas, Tennessee, Alabama, Mississippi, Georgia, Virginia, Florida, and Louisiana). Read on to see how schools in the region compare….
Raise your hand if you like prestige. Alright, you can all put your hands down, because we’re about to drop some news on you about one of the most prestigious career paths available in the legal profession. Of course, we’re talking about federal clerkships, which are great opportunities to pursue if you’re lucky enough to be given the chance — not to mention the fact that if you happen to be clerking for a feeder judge, you might just have it made (the going rate for a SCOTUS clerkship bonus is $280K!!!).
In our coverage of career placement statistics from the most recent graduating law school class, we’ve tackled a wide range of career options, from professional couch-sitters to “elite” Biglaw associates. Today, we’re bringing you news on clerkships from the God of Rankings himself, Bob Morse of the U.S. News law school rankings.
So are you ready to see the law schools that had the highest percentages of graduates move on to become federal clerks? Let’s check out the list….
We know that our readers simply cannot get enough of these employment rankings, so we decided to bring you some more. This time, we’ll be taking a look at the law schools that people dream of attending: the 14 most elite schools in the nation, more commonly known among the legal community as the T14. Everyone knows that graduates of these fine institutions are able to get jobs — in fact, many of these schools are able to boast “employed at graduation” rates of over 90 percent.
But some graduates from these hallowed halls experience the same problems as those of their brethren from the lower echelons of law schools. Not everyone has the luxury of being able to find full-time, long-term employment as lawyers, not even graduates from the best-ranked law schools in country.
Wouldn’t you like to see which top law school has the highest percentage of underemployed graduates? Give me your tired, your poor, your huddled T14ers….
Much credit has been given to the American Bar Association of late for its efforts to rein in law schools and their wily ways as far as employment statistics are concerned. Once upon a time, it was just fine for law schools to publish completely nonsensical data and herald it to the world as if it were true. Prospective (and extremely gullible) applicants were made to believe that it was possible for 98 percent of a class to be employed nine months after graduation during the height of the recession, and they applied in droves.
These days, now that word has gotten out that employment in the entry-level legal sector has run dry, law school applications are on pace to hit a 30-year low. You’d think that given the gravity of the situation — not to mention the ebb and flow of class action lawsuits having to do with job statistics — law schools do their best to comply with the ABA’s standards, but apparently even that’s too hard to do.
Perhaps the ABA’s reporting requirements are too tough in that they require not one, but Dear Lord, two charts to be published, along with consumer information that’s “complete, accurate, and not misleading.” That’s a pretty high bar to reach, amirite? Considering the state of the job market, providing accurate employment information about law schools must be really embarrassing rough for administrators to have to endure.
In fact, some law schools in the T14 can’t even bring themselves to adhere to these stringent requirements….
The holiday season is upon us, and yet again, you have no idea what to get for the fickle lawyer in your life. We’re here to help. Even if your bonus check hasn’t arrived yet, any one of the gifts we’ve highlighted here could be a worthy substitute until your employer decides to make it rain.
We’ve got an eclectic selection for you to choose from, so settle in by that stack of documents yet to be reviewed and dig in…
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.
We currently have a very exciting and rare type of in-house opening in China at one of the world’s leading internet and social media companies. Our client is looking for an IP Transactional / TMT / Licensing attorney with 2 to 6 years experience. The new hire will be based in Shenzhen or Shanghai. Mandarin is not required (deal documentation will be in English) but is preferred. A solid reason to be in China and a commitment to that market is required of course. This new hire will likely be US qualified (but could also be qualified in UK or other jurisdictions) and with experience and training at a top law firm’s IP transactional / TMT practice and could be currently at a law firm or in-house. Qualified candidates currently Asia based, Europe based or US based will be considered. The new hire’s supervisors in this technology transactions in-house team are very well regarded US trained IP transactional lawyers, with substantial experience at Silicon Valley firms. The culture and atmosphere in this in-house group and the company in general is entrepreneurial, team oriented, and the work is cutting edge, even for a cutting edge industry. The upside of being in an important strategic in-house position in this fast growing and world leading internet company is of the “sky is the limit” variety. Its a very exciting place to be in China for a rising IP transactional lawyer in our opinion, for many reasons beyond the basic info we can share here in this ad / post. This is a special A+ opportunity.
If your firm is in ‘go’ mode when it comes to recruiting lateral partners with loyal clients, then take this quiz to see how well you measure up. Keep track of your ‘yes’ and ‘no’ responses.
1. Does your firm have a clearly defined strategy of practice groups that are priorities of growth for your office? Nothing gets done by random chance, but with a clear vision for the future. Identify the top practice areas for which you wish to add lateral partners. Seek input from practice group leaders and get specifics on needs, outcomes, and ideal target profiles.
2. In addition to clarifying your firm’s growth strategy, are you still open to the hire of a partner outside of your plan? I’ve made several placements that fit this category. The partner’s practice was not within the strategic growth plan of my client, but once the two parties started talking with each other, we all saw how it could indeed be a seamless fit. Be open to “Opportunistic Hires.” You never know where your next producing partner might come from, so you have to be open to it. I will be the first to admit that there is a quirky element of randomness in recruiting.
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