Numerous applicants to law school claim that they want to become lawyers in order to serve the public interest — and some of them are telling the truth. Alas, after burdening themselves with six figures of law school debt, they find it difficult to follow through on their public-interest dreams. The path of least resistance, or at least the path to the fastest repayment of loans, is working for a large law firm.
Working for a prominent law firm is great — lucrative, prestigious, honorable work — provided that it’s actually what you want to be doing (as opposed to, say, public interest work in Nepal). Unfortunately, many who toil in Biglaw do so primarily for the debt-dispelling powers of the paycheck.
A couple of participants played Courtship Connection musical chairs
At the heart of our Courtship Connection series is the premise that lawyers play well together in romantic relationships. Hopefully the story earlier this week of an engagement between two lawyers going horribly wrong won’t discourage future participants from taking on a fellow lawyer as a playmate.
Previous Courtship participants aren’t discouraged, at least. Perhaps you remember the whiskey-swigging law student who was “prettier/kinder/smarter” than the Blue Moon-drinking fellow student I paired her with? In her write-up, she expressed an interest in the “nice, smart, and talkative” Big Gov lawyer who wasn’t swept off his feet by a fellow conservative attorney over dim sum on Valentine’s Day. She was up for “steamed buns” but, sadly, he wasn’t.
Our picky Elephant says that “a friend” alerted him to whiskey girl’s call to action. He emailed me to say he was up for it, so I sent them out to The Tabard Inn in Dupont Circle. He wound up getting that action. At least, I think he did…
And maybe that’s why we’re falling behind the rest of the world educationally. But at least we’re having fun, right?
This story comes to us from Boston University Law School (a top 10 law school by alumni median income, by the way). A professor accidentally ended class 15 minutes early, and it looked like class was about to be dismissed — “until one officious intermeddler promptly strode up to the podium and passionately pointed to her watch,” according to our BU Law tipster.
The objector politely “reminded” the professor that there were still 15 minutes left in class — “on arguably the most strenuous day of the week for our section,” said our source. “We all could have used the extra 15 free minutes.”
Perhaps the officious intermeddler didn’t know about our American customs? “Due to her status as a foreign LLM student, and since no one knows her name, she has been dubbed ‘LLM Lady,'” our tipster explained. “She has been the topic of discussion among our section all day now.”
And “LLM Lady” has also been the subject of some amusing Facebook exchanges….
Scrooge McDuck must have attended the right law school.
Another day, another set of law school rankings. The world’s appetite for these things knows no bounds. Earlier this week, we covered U.S. News & World Report’s best law schools as ranked by law firm recruiters — and the reader interest and traffic were off the charts. Apparently there’s no such thing as “rankings fatigue.”
(Wait until we launch our list of law schools ranked by the quality of the toilet paper in their public restrooms. Because that’s something that actually matters to law students — probably more than, say, the number of volumes in the library, or even the square footage of the place.)
Today we bring you law school rankings by Forbes. The eye-catching title of Kurt Badenhausen’s post: “The Best Law Schools For Getting Rich.” Because you all went to law school in the hopes of becoming rich, right?
(If so, that was pretty dumb. According to some observers, a junior associate’s salary means you’re poor, and even a midlevel- to senior-associate salary doesn’t make you rich. Partner-level compensation is better, but even a million or two won’t get you access to the top slam pieces.)
Okay, let’s take a look at this list of law schools ranked by their graduates’ median compensation. Some of the schools on it may surprise you….
Ed. note: This is the latest installment of Size Matters, one of Above the Law’s new columns for small-firm lawyers.
Like many unhappy lawyers, I find Cee Lo Green’s F**k You — which has been picked up by radio stations in a more family-friendly version, Forget You — to be a personal theme song (a la Ally McBeal). Indeed, I often fantasize that I am dancing around my office in an inappropriately short skirt-suit, belting out the chorus to many of my co-workers.
And I am not alone in appreciating the cathartic properties of this special song. We all saw those crazy kids at GWU Law School, in their feather-boa-filled tirade against law school gunners.
Steven Harper, a retired Kirkland & Ellis partner who now teaches at Northwestern Law (and blogs), is the latest to invoke Mr. Lo Green. He seems to be giving the F**k You to Biglaw — and maybe a little bit to former NU Law Dean David Van Zandt, too….
Harvard Law is #1, according to law firm hiring partners.
We mentioned them briefly in Morning Docket but didn’t do more, figuring that perhaps you might have rankings fatigue. But we were wrong; apparently you can’t get enough of law school rankings. (This really shouldn’t surprise us, based on the traffic we got for this rankings post, and even this one.)
We’ve received several emails asking us for more coverage. And our friends at the ABA Journal and the WSJ Law Blog devoted full posts to them.
So let’s get into them: the latest law school rankings generated by U.S. News & World Report, namely, law schools ranked by law firm recruiting personnel. Which schools made the top ten?
Are you a law student concerned about this upcoming summer? Perhaps you haven’t figured out what you’ll be doing yet. Or maybe you have landed a coveted summer associate position, but want to make sure that you land that full-time job offer (and don’t get no-offered).
If you’re looking for advice on how to make the most of your summer, Above the Law is here to help. On Wednesday, April 6, we’re hosting a panel discussion, together with our friends at the Practical Law Company, entitled We Know What You Should Do This Summer. The panel will include a wide range of perspectives, including a Biglaw partner, a partner at a small firm, a legal recruiter, and ATL’s very own David Lat (to discuss non-private sector options, like judicial externships and government positions).
There’s a small admission fee (to help us cover the cost of the venue), but from now until this Friday, March 11, at 11:59 PM, we are offering a $5 DISCOUNT. Just enter the following discount code: Y084BG .
But don’t delay, since seating is limited, and the discount code expires on Friday night. You can get details and register by clicking here.
* Yesterday, the Supreme Court agreed to decide whether Congress may take works out of the public domain and slap a copyright on them. I’m never going to fill this Zune up if I can’t score some free Stravinsky. [Wired News]
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: