* Lat’s turning his serialized web fiction into a real live book, scheduled for publication in 2014. Congrats, Lat! [Supreme Ambitions]
* REMINDER: If you’re looking to enter the annual ATL Law Revue Video Contest, send us that submission by THURSDAY, APRIL 18, at 5:00 PM (Eastern time). That’s not a soft, law school deadline; it’s a hard, law firm deadline. [Above the Law]
* A reminder that yesterday’s events may be more aptly compared to the Atlanta Olympics bombing than 9/11, at least with regard to the targeting of a public event, regardless of the media’s inclinations. [Balloon-Juice]
* Employees around the country are wildly abusing Twitter’s new app, Vine, exposing themselves to retribution and disclosing confidential information. And I’m highly looking forward to the first “Biglaw associate abuses Vine” tip showing up in my inbox. [Connecticut Employment Law Blog]
* Bear Lawyer comments on the Bitcoin debacle. [Bear Lawyer]
* Congratulations to NYU Law for winning its 5th Straight Deans’ Cup over Columbia on a last second play. I’ve been waiting for video of this ever since I learned that the game ended on a buzzer beating three-pointer when an unknown NYU student informed me of it on the subway platform that night. Well, now we have our video and it is highlight worthy….
* I hope you’ve all got your taxes finished. Here’s a fun fact: most tax cheats live in the South and the West. The two areas of the country filled with people who think taxes are evil cheat more? Go figure. [NBC News]
* A detailed look at how the Federalist Society became so powerful in American law schools. Unfortunately, it neglects the “they tend to order better pizzas for their events” gambit. [Chronicle of Higher Education]
* Remember the new, depressing, public domain Happy Birthday song? The sponsor of that contest, WFMU, is at it again with a new contest to create modern, entertaining covers of public domain ditties. Despite my ragging on the birthday song, this is a pretty cool idea. [Free Music Archive]
* Are you a young lawyer complaining about your lot in life? You’re at this site, so statistically you are. Well, quit your bitchin’! [Associate's Mind]
* The Texas Supreme Court does not value emotional attachments to dogs. This is surprising because I can think of at least 10 country songs on this very point. [Law and More]
* Mocking law school couples with a GIF from Veep? Get out of my head, UChiLawGo! [UChiLawGo]
* Louisville coach Rick Pitino promised his players that he’d get a tattoo if they won the NCAA tournament. I’m hoping Peter Kalis makes the same pledge if K&L Gates makes its projected annual profits. [Huffington Post]
* Hey, Houston readers! Since I’m in town for our event tonight, I wanted to give a plug for the OKRA Charity Saloon. I visited last night and it was great — a beautiful space and all the profits go to a charity that you get to vote on (one ballot for each drink you get). An all-around great idea. So if you’re looking for a location for your next happy hour… [OKRA Charity Saloon]
* James Poulos makes a good point: it may put you horribly, horribly in debt, but education is still a good thing. [Forbes]
* Tomorrow check out our newest series: Unofficial Orientation to Law School. We will be video chatting with students, professors, and hiring managers about how 0Ls can successfully launch their legal careers. This series is presented by LexisNexis, BARBRI, and Law Preview, a BARBRI Company. [Above the Law]
* Have you ever wanted to see puppets set to the L.A. Law theme song? No? Well, after the jump you can see it anyway….
* Roger Ebert has died at the age of 70. A great critic (his audio commentary track on the Citizen Kane DVD is amazing), whose work with the late Gene Siskel basically defined film criticism for a generation. At least now we know how we will be judged when we die — a simple thumbs up, thumbs down from Gene and Roger. [Chicago Sun-Times]
* Exploring the link between baseball’s antitrust exemption and Roe v. Wade. It’s more than just saying the Royals are an abortion of a team. [Concurring Opinions]
* “Bring me the head of the person who did this”: the best closing to a C & D letter ever. [Popehat]
* A Rutgers-Camden 3L breaks down the looming sh*tstorm at Rutgers over basketball coach Mike Rice’s treatment of players. [The Legal Blitz]
* If you’ve pulled off a successful robbery, don’t taunt the victim from a traceable phone. I mean, act like you’ve been there before, man. [Legal Juice]
* It is a little funny to say that a city is looking for weaker swimmers to serve as lifeguards, but ultimately this represents the simplistic nature of the anti-affirmative-action argument: no one is saying lifeguards shouldn’t be qualified, just that a system that only privileges a strong swimming résumé will always result in affluent white kids with 10 years of swim classes getting these jobs. [Volokh Conspiracy]
* Lawyers are often jerks, but this is a new twist. Help out a lawyer trying to make it in the small-batch, artisan jerky business.[Kickstarter]
* Maybe there aren’t actual Commies at Harvard Law School, but the ratio of liberals to conservatives/libertarians on the faculty is still extremely high. [Nick Rosenkranz]
* Obama is forfeiting $20,000 in solidarity with sequester victims. An excellent opportunity for right-wing hacks to complain about his vacations, as though Secret Service protection is supposed to be free. [Washington Examiner]
* Ken Cuccinelli is running for governor in a state that voted for Obama twice. So, obviously, he’s making a public show of his fight to reinstate a law used to harass gay people. [Washington Blade]
* Conrad Black, the media mogul who served three years in the federal pen, sits for an interview with California Lawyer magazine. Check it out (and earn California CLE credit). [California Lawyer]
* Incest is best when kept in the family. So go ahead and adopt your girlfriend. [Lowering the Bar]
* “Your Honor, I’d like my dong stricken from the record.” [OC Weekly]
* A slick recap of how completely screwed the legal industry is right now, by Axiom Law (via Bruce MacEwen). [Adam Smith, Esq.]
* On a personal note, as a debate coach myself, congratulations to everyone involved with the Emporia State debate team for becoming the first team ever to win both national championship tournaments (by way of analogy the “U.S. Open” and “The Masters”) for the same year. [Associated Press]
* It’s amazing that sports betting is not legal in New Jersey. What possible moral wackadoodle says that it’s okay to have something like the Jersey Shore (the place, not just the TV show), but you can’t take Michigan to out-shoot the Syracuse zone and then break Louisville’s legs. [Legal Blitz]
* Cloud tools for lawyers. Or as partners understand them: “Newfangled virtual file cabinets.” [Smart File Blog]
* Pro se prisoner wins! He probably wouldn’t have had he consulted a lawyer. [Simple Justice]
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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 six years. You can reach them by email: email@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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