My client is in the horns of an uncomfortable dilemma. Here’s the scenario:
He and his wife are both in law, and both want out. Resources exist to permit one to escape. The other must remain behind to pay loans.
Who makes it to freedom? Who gets left behind?
Arriving at that decision can wreak hell on a marriage.
A successful partnership requires an alliance, which depends upon shared goals. If the primary shared goal was being wealthy, powerful lawyers, and that goal cartwheels in flames into the tarmac at three hundred feet per second… the alliance fractures. Sometimes the alliance transforms into opposition.
We have a message for law school deans and administrators everywhere. To paraphrase Chris Crocker, “Leave… the grades… alone!”
Stories about changes to law school grading schemes aren’t much fun for us to write. But every time you deans tinker ever so slightly with your law school’s curve, we here at Above the Law get flooded by angry emails from law student readers, demanding that we call attention to whatever completely inscrutable change (or non-change) you have made (or not made) to your grading policy. In order to save us from having to write these stories, please cease and desist immediately from further amendment of your grading schemes.
Notwithstanding the views of the guy who posted his grades on Facebook, law school grades aren’t very interesting (except to their recipients). We’d much rather immerse ourselves in the law firm bonus horse race, for example. Compared to law school grading stories, the associate bonus watch is as riveting as the Oscars competition (or the Super Bowl, if you’re into that sort of thing).
Honestly, and with all due respect to our law student readers, we don’t particularly care about law school grades — and neither will you, in just a few short years. Right now you might be obsessed with your grades. And yes, they matter more than before, thanks to the tough legal job market. But you will forget your law school GPA sooner than you think. In the words of Professor Orin Kerr, “[o]nce you’re out of school for a bit, people care whether you are a good attorney, not your law school GPA.”
If Mr. Met owned the Mets would things really be any worse?
* Is anybody really surprised that the Wilpons are having trouble finding people to buy a minority stake in the Mets? It’s an awful franchise that is poorly run that plays home games in Queens — why would you want a minority stake in that? Why… why didn’t God make me a Yankee fan? [Dealbreaker]
Well, it’s a start. If you think it’s a good thing for law schools to be more transparent about the employment prospects of their students, then you have to applaud Washington & Lee Law School. The school had been building a bit of a reputation for taking an outside-the-box approach to legal education, but that momentum seemed to stall with the departure of Dean Rodney Smolla (to become the president of Furman University).
But one good way to distinguish yourself from other law schools is to tell the truth to prospective law students. Washington & Lee just dumped 17 pages of employment information on its admitted students. A lot of it is public information, such as general statistical data about legal employment, but still.
Having led the horses to water, we’ll see if any of these kids want to take a drink…
I guess in some ways the legal economy across the pond is just as challenging as it is in America. And it seems that some British students are just as averse to personal responsibility as American students. A graduate of Oxford Law the Oxford Institute of Legal Practice is suing the school for £100,000, claiming that the school “ruined” her legal career.
CORRECTION: An earlier version of this post may have given the erroneous impression that the plaintiff is suing the University of Oxford, the venerable and world-renowned institution that most people are referring to when they refer to “Oxford.” Although the plaintiff attended the University of Oxford as an undergraduate, where she studied law, she is actually suing the Oxford Institute of Legal Practice. According to a tipster who’s a graduate of the University of Oxford, the Oxford Institute of Legal Practice — which happens to be located in Oxford, UK — is not currently affiliated with the University of Oxford.
How did OXILP ruin her career? She claims that they didn’t prepare her to take crucial legal exams. Yeah, let me rephrase: she failed her exams and is now blaming the school.
You know, if Ben Kenobi was still alive, I think he’d scream, “You have done that yourself.” But let’s hear the sad tale of Maria Abramova…
Earlier this month, we surveyed you to find out how satisfied you were with your 2010 year-end bonus. Half of all associates whose firms had announced bonus payments reported dissatisfaction with their year-end bonuses.
In today’s survey, we want to find out how many of you are actually going to put your money where your mouth is and leave your firm after collecting your bonus (whether due to dissatisfaction with your bonus or just general unhappiness with your firm). Or has all the recent buzz about springtime bonuses encouraged you to stick around for a while? As always, your responses are kept completely confidential.
If you can't do this, there's no point in getting a J.D.
Well, I think we are officially at the point in the legal economy where servicing law school debts is just like servicing an expensive drug habit. The parallels between the two are too great to ignore:
Is it something you started because everybody else was doing it?
Is it something you initially thought was a harmless way to kill some time?
Did somebody make wild claims about how “great” it would be for you to try it?
Do you find yourself whoring yourself out in order to make money for it?
In the J.D. context, we usually think of “whoring” as a figurative state. But not for much longer.
We already know that many strippers do what they do in order to get money for their drugs. Now, through the wonders of Craigslist, we’re about to see strippers baring all in order to get money for their educational debts.
Sallie Mae might be just a lending institution now, but she dreams of becoming a madam…
In our last story on the trials and tribulations of Howrey, we expressed doubt that a full-on merger between Howrey and Winston & Strawn would take place. We suggested that Winston would probably wind up “picking up large chunks of Howrey, maybe even entire offices — just like Sonnenschein picked up 100 lawyers from Thacher Proffitt, during TPW’s final days.”
And that appears to be what’s happening now. According to The Recorder, Winston extended individual offers to a little over 75 percent of Howrey partners over the weekend.
And what about the remaining 25 percent? A recruiter familiar with the situation told The Recorder that they either have conflicts issues or aren’t interested in winding up at Winston.
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 seven years. You can reach them by email: firstname.lastname@example.org.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.