I have been helping students pass the bar exam for over four decades. Before me, my father invented the modern bar review course in the 1940s. I mention this so you know that it is coming from good authority when I tell you the secret that those of us in the bar review industry don’t want you to know.
That secret: A bar review course cannot relatively improve your chances of passing the bar exam.
Bar review marketing is gearing up across the country on every law school campus, with bar review reps trying to entice students with giveaways and discounts. But no amount of bar-review-branded swag will improve your chance of passing over your GPA rank at time of graduation.
What’s the best predictor of success on the bar exam?
* Much to his defense team’s chagrin, accused Boston Marathon bomber Dzhokhar Tsarnaev’s trial will remain in Boston. The media spectacle is set to begin in January 2015. [New York Times]
* Mike “The Situation” Sorrentino of Jersey Shore fame was indicted on tax fraud charges to the tune of $8.9M. He pleaded not guilty yesterday afternoon. There aren’t tanning beds in jail. [Asbury Park Press]
If, unfortunately, someone in your family faced catastrophic injuries that you thought had legal issues, they would be on a very, very short list of firms to consider.
– Roger Dennis, dean of the Drexel University’s Thomas R. Kline School of Law. He’s telling the Philadelphia Inquirer about Thomas R. Kline. “Short list,” eh? After Kline donated $50 million and the school scrubbed poor Earle Mack from their letterhead and renamed the school, the best praise the dean can summon is that Kline belongs on a “short list.” Once you rename your law school, you’re already a commercial, so go right ahead and tell the reporter “Thomas R. Kline is the best goddamned lawyer on the planet!”
* The United States is launching air strikes against ISIS in Syria and Iraq, but some have been compelled to wonder whether it’s legal under international law. Of course it’s legal, under the Rule of ‘MERICA, F*CK YEAH! [BBC]
* Dewey know whether this failed firm’s former COO can get out of paying $9.3M to its bankruptcy trustee? Dewey know whether we’ll ever be able to stop using this pun? Sadly, the answer to both questions is no. [WSJ Law Blog]
* Marc Dreier of the defunct Dreier LLP has been ordered to testify in person in his firm’s bankruptcy case in Manhattan, but he’d rather stay in the comforts of his prison home in Minnesota. Aww. [Bloomberg]
* Dinesh D’Souza won’t have to do hard prison time for his campaign-finance violations. Instead, he’ll be spending eight months in a “community confinement center,” which sounds just peachy. [New York Times]
Every year, law students find themselves at odds with each other thanks to the convenience of school-wide listservs. Where else can you spew all of your vitriol at classmates with just the click of a button? Welcome to law school, folks.
Perhaps the most storied law school listserv belongs to Northwestern University School of Law, where the “PC Police” live to serve. As we’ve noted in the past, “[t]he school seems to have a number of students who are easily offended. Some of the kids there overreact at the slightest provocation.”
So what happens when something that’s actually offensive occurs? For example, what do you think would happen if a conservative student group like the Federalist Society were to host a debate on same-sex marriage, with food catered by Chick-fil-A? As you can imagine, students lost their minds…
* The lawyers fighting against marriage equality say “[w]hether [they] win or lose in lower courts doesn’t matter that much,” because everything will be up to the Supreme Court at the end of the day — but so far, they mostly lose. [National Law Journal]
* On the other side of the coin, the lawyers fighting in favor of marriage equality are sounding more and more like used car salesmen, always bragging about the quality of their “vehicles” just to get their cases in front of the justices. [New York Times]
* In the meantime, Justice Kagan officiated her first same-sex wedding this weekend for one of her former clerks. Only the women of SCOTUS, sans Sotomayor, have performed such ceremonies. [Huffington Post]
* In a landmark decision, Arab Bank PLC was found liable for supporting Hamas in a civil terrorism-finance case. There will be a second trial to determine damages, but the bank plans to appeal. [WSJ Law Blog]
We mentioned this morning a National Law Journal report that law schools have invested hundreds of millions of dollars in new buildings even while the market for legal education collapses around them.
I don’t really have much to add to that report, but I just kind of want everybody to internalize that information. Their business model is ON FIRE, yet they’re building new s**t. Emperor Nero had a better grasp on long-term planning than law school deans…
Early last week, we broke the news that the Thomas Jefferson School of Law had missed a payment on its revenue bonds, triggering a default event under its current Loan Agreement. Luckily for the school, it was able to strike a deal with its bondholders to delay the unseemly business of ceasing its operations, at least until October 17, 2014. In the interim, TJSL is discussing “various potential structures and restructuring alternatives” with its bondholders, and is “confident” that it will be able to reach an accord in the near future.
When we last checked in with this overly optimistic law school, TJSL was hoping that it would be able to “continue to prosper” after settling up with its creditors. But how is the law school supposed to reach this happy fate when its credit rating with Standard & Poor’s keeps getting downgraded lower and lower?
Perhaps it’s time for Thomas Jefferson Law to remove its rose-colored glasses and embrace the fact that it shares the same financial woes as its own namesake. Will the school die in debt like our former president?
It’s like this except with no smiling and everyone secretly resenting each other.
We’re just deep enough into the school year for law students to feel out their fellows and pop the question about forming a study group. And most law students will join some study group reflexively because it’s “just what you do.” But study groups aren’t so much about responsible preparation as much as an excuse to summon a perverse Voltron of collective neuroses. You’re probably going to end up with the same grade you’d have gotten if you studied on your own, but now you have a handful of other, possibly otherwise reasonable wrecks bombarding you with all the fears and insecurities you weren’t even thinking about.
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…
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: