Last week, University of Chicago law professor Todd Henderson published a controversial post on Truth on the Market. Henderson revealed that he and his wife have a combined income of over $250,000, but argued that this doesn’t make them rich — certainly not rich enough to afford the new taxes Obama seeks to impose on married couples making $250K or more.
The reason I took the very unusual step of deleting [the post and comments] is because my wife, who did not approve of my original post and disagrees vehemently with my opinion, did not consent to the publication of personal details about our family. In retrospect, it was a highly effective but incredibly stupid thing to do. The electronic lynch mob that has attacked and harassed me — you should see the emails sent to me personally! — has made my family feel threatened and insecure.
Well, Professor Henderson, I’ve got your back. We might fight to the death about the proper use of the government’s fiscal authority, but it should be beyond obvious that earning $250,000 a year in this country does not make you rich. That figure doesn’t even approach “wealth,” especially if you live in a major city.
I might have a little more experience with electronic lynch mobs then Professor Henderson, so bring it on if you must. But for all the moral outrage one can level at a person bitching about making “only” $250K, know that $250K per annum is much closer to the minimum starting point you need to bank in order to have a shot at “making it” in the expensive cities of America. Living the dream requires a whole hell of a lot more….
That’s one of the topics covered by an impressive trio of law professors — Richard Epstein, Glenn Reynolds, and John Yoo — in an interesting, wide-ranging discussion over at PJTV. Although they all hail from the right side of the aisle, they disagree on a number of issues. Here’s a summary:
Are law schools creating a new generation law fools? Is the bar exam the best measure of a lawyer? Are the best law schools even worth the money? Law professors John Yoo and Richard Epstein of Richochet.com discussion the legal profession on this episode of Instavision.
One of the most interesting parts of the discussion takes place when Professor Reynolds mentions that he decided to attend Yale Law School over free rides from Duke and Chicago. He asks Professors Epstein and Yoo: What advice would you give to a prospective law student facing a similar choice today?
The Park Ridge couple, who rescued the only known survivor of a plane that crashed into Lake Michigan off the state’s western coast Friday, were on the second to last day of their annual boating trip, finishing breakfast on their 42-foot cabin cruiser, the “Kristin Says,” docked in Frankfort, Mich…
Around 10:15 a.m., after they’d been cruising for about an hour, Schmidt heard a fisherman call the U.S. Coast Guard on the radio about a plane in the water, a few miles off the coast of Ludington, Mich.
At that point the couple took immediate action to help the survivors…
Is the American Bar Association going to deal with the unmitigated proliferation of law schools? No. Will the ABA deal with overflow of lawyers entering the profession at a time when few well-paying legal jobs seem to be available? No. Will the organization seriously address the rising cost of legal education? Not really.
Instead, the ABA committee on law school accreditation wants to take a look at tenure. The National Law Journal reports:
Should the American Bar Association require law schools to maintain a tenure system?
The committee reviewing the ABA’s accreditation standards doesn’t think so. It has floated a proposal that would eliminate the term “tenure” from the ABA standards covering job security and academic freedom. The committee also wants to kill a requirement that law schools provide clinical faculty members with job protections similar to those enjoyed by full-time professors.
Excuse me, I’m gonna need to throw my coffee cup at something…
It’s nearly August. But at Harvard Law School, administrators are still trying to sort out what happened with Professor Bruce Hay’s spring Evidence course.
Not that grades matter all that much at HLS. The most important part of an HLS student’s transcript is the part at the top that says “Harvard Law School.” Heck, the school recently reformed its grading procedures, making the actual grades even less important.
But appearances must be maintained. It’s important that students feel their “super, gold-star, yay pass” grades are well-earned and fairly distributed.
Apparently students felt that Professor Hay did not adequately communicate how they would be graded. And now the administration has to step in…
Prof. Tribe is almost 70; please don't stick him in elevators for long periods of time.
Last Sunday, the eminent constitutional law scholar Laurence Tribe and his girlfriend, Elizabeth Westling, got stuck in an elevator at the Safeway supermarket in Georgetown. (Professor Tribe is currently in D.C. to serve in the administration of his former student from Harvard Law School, Barack Obama.)
Read the (rather humorous) write-up of Tribe’s elevator incident in the Washington Post’s Reliable Source column. According to a Safeway spokesman, the company “is trying to figure out what kind of resolution is appropriate.” Options on the table include “some steaks or a gift card.”
For those of you preparing for the bar exam this week, tackle these study questions….
I’ve already shared with you my views on the burqa (views that weren’t popular with some of our more politically correct and/or sensitive readers). And you’ve already voted in a reader poll on efforts to ban the burqa, showing that 60 percent of you are wimps do not support France’s effort to ban the burqa.
Now some law professors have weighed in on the burqa ban. In a piece earlier this month for the Opinionator blog of the New York Times, University of Chicago law professor Martha Nussbaum offered a thoughtful critique of the burqa ban.
Over the weekend, two other prominent law professors — Richard Epstein, Nussbaum’s colleague at U. Chicago, and John Yoo, of Berkeley — jumped into the fray….
Martin Ginsburg — a leading tax lawyer and law professor, and the husband of Justice Ruth Bader Ginsburg — passed away earlier today. He was 78. According to a statement released by the Court, he passed away at home, from complications of metastatic cancer.
Marty Ginsburg was known in Supreme Court circles as Justice Ginsburg’s secret weapon. Justice Ginsburg herself can sometimes be shy, awkward, and introverted, but her husband was gregarious, charming, and a great entertainer. He was a talented chef and would perform the culinary honors at dinners for Supreme Court justices and their spouses. He would also cook for RBG’s clerks each Term.
He was widely noted for his great sense of humor….
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…
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: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.