Last week, we asked readers to submit possible captions for this picture:
Let’s have a look at what our readers came up with, and vote on the finalists…
[T]he law school graduating class nationally continued to grow based on decisions that were made, in some cases, well before the recession. Even though there were more jobs and more of those jobs were higher-quality jobs, the overall unemployment rate continued to grow, just because the size of the pool was so big. [The] decline in enrollment, all by itself, is going to continue to help the job market.
– James Leipold, executive director of the National Association for Law Placement (NALP), commenting on law firm hiring trends since the recession. Leipold further noted that although firms have increased their hiring of recent law school graduates, the amount pales in comparison to pre-recession hiring.
* “I think we have to be concerned that almost all of us are from two law schools.” Justice Clarence Thomas thinks that the Supreme Court bench ought to be more diverse. [New York Times]
* The DoJ expanded its recognition of gay marriage by adding six states to its roster of those newly entitled to federal benefits — now more than half the country. Yay! [Bloomberg]
* Former White House Counsel Kathryn Ruemmler has withdrawn from consideration as a nominee for Eric Holder’s job as AG. She and her shoe collection will remain at Latham. [WSJ Law Blog]
* [I]t’s profound that we have not made much progress on that front in the legal profession.” There’s still an income gap between men and women in the law, and it gets worse over time. [National Law Journal]
* Come sail away, come sail away, come parasail away with me. This former Biglaw associate found that life slaving away at a law firm wasn’t her paradise, so she decided to move to the beach. [Am Law Daily]
The median age of U.S. lawyers is on the rise in a way that cannot be explained by a decline in law school enrollment. Is this due to the decrease in entry-level jobs for law school graduates? Or have the increased number of women lawyers (and related high attrition rates) contributed to this trend?
See the numbers after the jump…
Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Ariel Salzer offers advice to overwhelmed law students.
We talked about how you can become a productive law student while being a happy human being at the same time. If you missed our five tips for achieving balance, take a read here. We continue with this series by bringing you four suggestions for taking care of yourself in law school.
Sleep as much as you need to.
* Thanks to this Government Accountability Office ruling, the company that cleared NSA leaker Edward Snowden and Navy Yard shooter Aaron Alexis may lose a $210M contract. [Legal Times]
* After being acquitted on insider trading charges, Rengan Rajaratnam agreed to settle the civil suit filed against him for a cool $840K. At least he’s not in jail like his brother. [DealBook / New York Times]
* Those interested in going to law school may want to know that Philadelphia is purportedly home to some of the cheapest law schools in the country — not Penn Law, though, sorry ’bout that. [Main Street]
* Professors at WUSTL Law held a “teach-in” to discuss the Michael Brown police shooting case. According to them, the likelihood Darren Wilson will be federally charged is “slim to none.” [Student Life]
* Attack of the aggrieved ex: a man drove a burning pickup truck loaded with explosives into a law firm, destroying much of the building. He had apparently dated one of the firm’s former clients. [Virginian-Pilot]
Millennials are mad as hell, and they’re not going to take it anymore! Or get that reference!
Well, at least one is. The always entertaining “millennial op-ed” showed up in a business magazine this morning. After reading an entire Crain’s Business feature full of anecdotal evidence from millennials about how “screwed” they are in the current job market, a different millennial wrote an op-ed citing anecdotal evidence about how she’s… unscrewed.
While the feature piece focused on young people who were bartenders, nannys, and “perma-students,” the counter-narrative comes from a millennial who is a 2L in law school. And everything is going to work out for her, don’t ya know…
* Does Chief Justice Roberts care enough about avoiding the appearance of partisanship that he’ll sink challenges to Obamacare? [Huffington Post]
* Wow. In 1938, they arrested a woman for wearing pants to court. [LA Times]
* Don’t go to jail in Alabama. Just a general rule. [Mother Jones]
* Interesting. LexisNexis is partnering with Microsoft to create a cloud-based system for small law firms. [PR Web]
* The remains of famed athlete Jim Thorpe will remain in the Pennsylvania town where he was buried, ruled Judge Richard Caputo. His family wanted the remains returned to his birthplace. Even in death this guy is getting jerked around. [Associated Press via ABC News]
* Speaking of sports, Oklahoma State is suing New Mexico State alleging that its mascot looks “confusingly similar” to OSU’s mascot. There are only so many ways to depict a cowboy. Compare and contrast. [The Chronicle of Higher Education]
* Man Okie State is litigious all of a sudden. Oklahoma State is suing the University of Texas for poaching the former Cowboys Offensive Line coach to be the Longhorns’ Offensive Coordinator. I can see the deposition now. Imagined transcript after the jump…. [ESPN]
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…