In the wake of the east coast earthquake of 2011, the legal world seems to be back to its regularly scheduled programming. Courts are back in session, law firms have reopened, and government agencies are fully functioning. While some got a welcome day off yesterday, others only received a temporary respite from work.
Thankfully, the damage to the capital region seems to have been limited. At first it was reported that we may have had a Leaning Tower of D.C., but it turns out that the Washington Monument is just cracked. In other monument news, the Lincoln and Jefferson memorials are closed for further inspection, and the National Cathedral has sustained “mind-boggling” damage.
We received a lot of tips from our readers about their earthquake experiences, but more importantly, we have the final results from our reader poll. We now know who we can blame for moving the earth and disrupting our day. And no, it wasn’t Obama’s Fault.
So even if McDaniel is cleared of the Giddings murder, he’s still looking at a whole host of other allegations. As you may recall, what originally landed him in the Bibb County jail were two counts of burglary (namely, filching condoms from other apartments at the Barristers Hall complex). Now he stands accused of child pornography possession, facing possible exposure of five to 20 years in prison on each charge.
At the time we originally mentioned the kiddie porn charges yesterday, we didn’t have the dirty details. Now we do.
Lowell Milken: Would you accept $10 million from this man?
Ah, California. Your weather is amazing, but I don’t think I could deal with your earthquakes. The tremor we just experienced here on the East Coast has turned me into a nervous wreck.
Over at UCLA Law School, they’re experiencing some earth-shaking controversy of their own. An ultra-wealthy alumnus made it rain, with a $10 million gift to the school — but now some professors want to rain on his parade, and their objections have hit the national news media. (Apologies for the mixed precipitation metaphors.)
As we mentioned last week, UCLA law alumnus Lowell Milken made a $10 million gift to his alma mater — the largest single donation in the law school’s history. The money will be used to establish the Lowell Milken Institute for Business and Law.
One of the lasting effects of the recession has been clients wising up on the value of first-year associates (or the lack thereof). Many at large law firms knew that junior associates contributed little more than manpower during their first couple of years at a firm. But only in the crucible of the recession did clients start asking why they were paying money to finish the training of junior Biglaw associates.
Of course, being able to bill out your new labor at high billing rates is a key part of the law firm business model. Firms are already in a bind: since American law schools insist on graduating students with little to no practical skills, the kids must be trained. Training them on the client’s dime (while the law firm partners pocket a profit) is just one of the ways it has always been done.
But those who do not innovate die. Today brings news that two major law firms are going to try something different with their first-years.
The first-years will get paid their usual $160K salary. But at least at the start, they’ll have to go through more training…
As we mentioned yesterday, on-campus interview season has started at law schools all across the land. We’re happy to serve as your one-stop shopping center for all things OCI. Just send us an email (subject: “OCI”) about the things going on at your school that deserve more attention.
Today’s news is on the funny side. It appears that the wild and crazy kids from BYU Law are taking the stress of OCI in stride….
We know how much our readers love rankings, so as we mentioned in Morning Docket, the National Jurist has released the fifth annual list of the 60 Best Value law schools in its preLaw magazine. As it stands, the list remains unranked, but the final grades for the honor roll are expected in October.
The Best Value ranking typically takes into account the following criteria: in-state tuition, average student debt, the percentage of graduates employed nine months after graduation, and bar passage rates.
But this year, the National Jurist made some adjustments to its rankings methodology to account for “fairness.” It now takes into account averages for bar passage rates and post-graduation employment over the past two years. And even if a law school didn’t meet one of these important standards, the school wasn’t automatically excluded from consideration. Everyone gets a trophy in this year’s Best Value rankings.
You may be surprised at some of the law schools that made this year’s Best Value honor roll. Check and see if your school made the list, after the jump….
It has been a few weeks since we last wrote at length about the investigation into the murder of Lauren Giddings. As you may recall, Giddings was a recent graduate of Mercer Law School whose decapitated torso was found on June 30 in Macon, Georgia.
A former neighbor and classmate of Giddings, Stephen M. McDaniel, 25, has been charged with her murder. McDaniel is being held at the Bibb County jail, where he has been for several weeks.
There have been a few recent developments in the case — nothing major, but still worth noting….
It’s time for on-campus interviewing. All across the country, law students are stuffing themselves into business suits and prostrating themselves on the floors of some of the nation’s finest campus hotels.
It’s a stressful time. New law students might show up at law school having done no research into the legal job market, but after one short year the kids start to wise up. They realize, some for the first time, that 90% of them will not be in the top ten percent of the class. They realize that if they don’t get one of the handful of high-paying jobs, they’ll be relegated to gladiatorial combat for the low-paying leftovers. They realize, as rising 2Ls, that maybe they should have listened to everybody who warned them about law school in the first place.
But they know they can make it all go away if they are successful during OCI. If only they can wow the law-firm interviewers who show up on campus.
The problem is that for many law students, especially those at schools ranked outside the top national institutions, their OCI fate was decided long before they shook the hand of any interviewer.
One tipster is just now realizing that, and he is understandably pissed….
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When Chintan Panchal decided to leave a global BigLaw partnership to start his own firm, he could only hope that he would face the high-quality problem of firm building that many had cautioned him about. Focused on the uncertainty surrounding of a new firm launch, he decided to tackle staffing needs, IT challenges, and financial planning requirements after he had built up his legal practice.
Panchal Associates LLP–a corporate/finance and outside general counsel boutique–was quickly off to a great start. Clients and matters were flying in the door, and Chintan soon had a team of lawyers and staff with a variety of operational needs. To continue building an excellent team and provide them with a competitive benefits package, to expand his physical presence to include a European practice and additional partners, and to scale his operations and IT capabilities to support this growing enterprise brought with it demands of time, money, and expertise. Chintan knew he needed help.
“With the assistance of NexFirm, we have upgraded the capabilities of our firm to meet, and in some cases exceed, the standards we were used to at our former BigLaw firms. Operationally, we can now attract and service clients we didn’t have the bandwidth to support in the past, and continue to build our team with the best and brightest legal talent in the industry,” said Chintan Panchal, adding “It has worked out quite well in our case; NexFirm is an essential partner for us.”
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…
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