If you want to get into Biglaw, it's all about the Ivy.
It’s a list that should mean more than it does: which law schools are best at sending their graduates to large law firms, aka Biglaw?
There are a lot of reasons this question isn’t asked more often: law schools don’t like their supposed professional value to be reduced to placements at top firms, prospective law students don’t like to think that in three years they’ll have a “Biglaw or bust” mentality, and Biglaw placement lists undervalue clerkship appointments (which often turn into Biglaw gigs a year or two later). Intellectually, it feels small-minded to put a heavy focus on whether or not a school sends a high proportion of its graduates straight into Biglaw after graduation.
Except that in a world with ever-rising tuition costs, the ability to place students in Biglaw is more important than ever. Biglaw jobs are pretty much the only ones out there that pay enough money for graduates to be able to manage their ridiculous debt loads. And there are fewer Biglaw jobs than before. Top law schools should be able to place well in Biglaw, or they should be offering tuition rebates to students.
If the kids who are thinking about going to law school refuse to pay attention to life’s realities, maybe the parents who are pushing their children into the legal profession will take note. Here are the top schools for placing in Biglaw. If your kid isn’t getting into one of these schools, maybe you should reconsider co-signing their loans…
When George Washington Law students signed up for the program a month ago — just in time to be counted as “employed upon graduation” — they were told that the stipend would be $15 per hour for a 35-hour work week. But Dean Berman decided that GW Law grads needed more of an incentive to find paying work, and yesterday he announced a plan to cut the stipend by a third, to $10 per hour.
Last night, after an outcry from students (and some bad press), Dean Berman changed his mind and decided to restore funding to the $15 per hour level.
Good times! There’s nothing quite like having to fight and beg for a one-year, $15-an-hour job after paying $45,750 per year in tuition.
In his letter reversing his decision, Berman has recast the reasons for wanting to cut the funding in the first place. I hope the class of 2013 is paying attention, because in the high likelihood that funding is cut next year, this is the justification you should expect to see….
* It’s not just media groups that are urging the Supreme Court to allow live coverage of the announcement of the ACA decision. Senators Patrick Leahy and Chuck Grassley of the Senate Judiciary Committee have joined the club. [Blog of Legal Times]
* Dewey know whether this failed firm’s former partners will be settling their claims any time soon? Team Togut hopes to reach a deal in the next six weeks, and claims that cooperation will absolve D&L’s deserters of all future liability. [Am Law Daily (sub. req.)]
* From Biglaw to the big house: former Sullivan & Cromwell partner John O’Brien, who is serving time for tax evasion charges, has been suspended from practicing law in New York. [Thomson Reuters News & Insight]
* A Stradling Yocca partner and his wife, a Boalt Hall graduate, stand accused of planting drugs on a school volunteer who supervised their son. Looks like the only thing they’re straddling now is jail time. [OC Register]
* Dharun Ravi was released early from jail yesterday after completing a little more than half of his 30-day sentence. Funny how bad behavior got him into the slammer, but good behavior got him out of it. [CNN]
* “Why would somebody so smart do something so stupid?” Kenneth Kratz, the sexting DA from Wisconsin, claims that the answer to that question is an addiction to sex and prescription drugs. [Herald Times Reporter]
* Jay-Z’s got 99 problems and this bitch is one. He’s been accused by Patrick White of plagiarizing parts of his own best-selling memoir, “Decoded,” and slapped with a copyright infringement suit. [New York Daily News]
The conceit of every Republican administration of my lifetime has been that poor people wouldn’t be so poor if they just “worked harder.” The dismantling of the welfare state was fueled by the notion that certain people needed more incentive to find work — as if being on public assistance somehow needs to be more hardscrabble and humiliating in order to really help people.
Now, it seems the same kind of flawed and sheltered logic will be coming to a law school near you. But the kicker is that it’s the students employed by the school, in programs designed to help the school game the U.S. News rankings and fleece the next generation of paying 1Ls, who are being told that they need more of an incentive to find employment.
We’ve got a school scolding students for being too comfortable in the post-graduate employment program the school itself designed to avoid telling the truth to U.S. News….
* Dewey know how many professional services firms it takes to wind down a Biglaw firm? According to new D&L bankruptcy filings, there are at least eight of them — including Togut Segal & Segal, a leading law firm that reportedly charges $935 an hour. [WSJ Law Blog]
* Despite Barack Obama’s pledge of support, Brett McGurk has withdrawn his name from the White House pool of ambassadorial candidates amid much salacious controversy. Apparently this man knows a lost cause when he sees one. [Washington Post]
* So many DOMA lawsuits, so little time: what’s happening in the six major cases on this statute? The majority are in various stages of appeal, and the world at large is currently awaiting a cert filing to get a final take from the Supreme Court. [Poliglot / Metro Weekly]
* LSAC will now vet incoming law students’ GPAs and LSAT scores. The ABA won’t do it because they need the insurance policy of someone else to blame in case something happens to go wrong. [National Law Journal]
* Stephen McDaniel’s lawyers are expected to ask a judge to reconsider his $850K bond today. If he’s released, it seems like there’s a high probability that he’ll become an ATL commenter. [Macon Telegraph]
* Remember the legal fight over the Tyrannosaurus bataar? Well, now Preet Bharara, the U.S. Attorney for the S.D.N.Y., is on the case, and he wants it to be seized for return to Jurassic Park Mongolia. [New York Observer]
On Friday, the American Bar Association released the employment data for the class of 2011 that they collected from their member law schools. By dumping the information on a summer Friday, perhaps the ABA was hoping that nobody would notice the statistics?
Well, we noticed. The numbers are too bad not to notice. Earlier this month we reported on the NALP employment data, and the ABA data here doesn’t look any better. Only 55% of people in the class of 2011 are known to have found employment in full-time legal jobs.
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 seven years. You can reach them by email: firstname.lastname@example.org.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.
If you are considering a virtual law practice, you know that many of today’s solo firms started that way. But why are established, multi-attorney law firms going virtual?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Reduces malpractice risk
Enables you to gather the best attorneys to fit the firm, regardless of each person’s geographic location
Leverages mobile devices and cloud technology to enable on-the-spot client and prospect communication
Transitioning in-house is something many (if not most) firm lawyers find themselves considering at some point. For many, it’s the first step in their career that isn’t simply a function of picking the best option available based on a ranking system.
Unknown territory feels high-risk, and can have the effect of steering many of us towards the well-greased channels into large, established companies.
For those who may be open to something more entrepreneurial, there is far less information available. No recruiter is calling every week with offers and details.
In sponsorship with Betterment, ATL and David Lat will moderate a panel about life in-house and we’ll hear from GCs at Birchbox, Gawker Media, Squarespace, Bonobos, and Betterment. Drinks, snacks, networking, and a great time guaranteed. Invite your colleagues, but RSVP fast, as space is limited.