It looks like it’s been a while — almost a year, oops! — since we last discussed law-related vanity plates. That said, if you’re a fan of the Law License Plates series and you’d like to see more, please send in your photos via email (subject line: “Vanity License Plate”). We have lots to work with, but if we get more quality submissions from our readers, you may see this column pop up more often in the future.
Today, we’ll be writing about the geekiest (and some of the wealthiest) lawyers of all: those who practice tax law. It was a class most people loved to hate during law school, but if you salivated over the Kirby Lumber case and decided to get an LL.M. in taxation, you’re probably quite happy now.
You’re likely working in Biglaw, at a Big Four accounting firm, or teaching the topic at a law school, and any way you slice it, you’re not ashamed to proclaim your profession on your license plate….
* Yesterday, we shared Paul Caron’s plan to end the sequester by forcing government officials to experience delays due to air traffic control furloughs. Well, Congress voted to end the furloughs. We should have known that once the sequester inconvenienced a member of Congress this would end. [Reuters via Yahoo!]
* Ken Langone does not agree with Richard Farley of Paul Hastings. And tells him so. Loudly. [DealBreaker]
* If you’re looking for CLE credits in Houston, check out this event where you can win a semi-automatic 12-gauge shotgun for your trouble. And it counts for Ethics! [NRA Blog]
* “Izadi suggested she could pay her law school tuition by turning tricks.” Is a pimp really that much worse than Sallie Mae? [Las Vegas Review Journal]
* Overlawyered is now part of the CATO Institute. Enjoy working for the Koch brothers! I hear they’re really easy to work with over there. [Overlawyered]
* Getting tossed from a case for “bad behavior”? That’s the Chicago way! [Chicago Tribune]
* An interview with American Lawyer Editor-in-Chief Robin Sparkman about the newly released Am Law 100 law firm rankings, after the jump….
Relax, folks. We are aware that the 2009 law school rankings of U.S. News & World Report have leaked, in advance of their official Friday publication date. They’re all over the blogosphere and the message boards (links collected below).
We’ve been sitting on this item for a little while — coordinating with our other posts this morning, taking into account our traffic patterns, etc. There is a method to our madness.
Ideally we’d hold this item even longer (which would allow us to do a more detailed write-up). But it’s clear that you’re all dying to talk about the rankings RIGHT NOW. And we don’t want to get any more emails and comments of the “why aren’t you writing about U.S. News” variety.
So here you go. Rankings and discussion, after the jump (i.e., click on the “Continue reading” link below).
Last week we posted this photo, with captions:
“Speaking of asking people out, have you ever seen a tax law professor bust a move?”
“Well, now you have.”
For the record, these captions can be read in more than one way. Was Professor Paul Caron hitting on Professor Shari Motro (profiled here)? Or was it the other way around?
Within the legal blogsophere, Professor Caron is a total rock star. And what’s a rock star without groupies?
(Digression: Speaking of Professor Caron, he has prepared this handy list of teaching fellowships for aspiring law professors. It’s a great resource for those of you interested in legal academia.)
By the way, after we chastised Professor Caron for wearing a button-down shirt with a suit, the good professor wrote us as follows:
I showed my students your comment about the button down shirt and asked them to vote on whether your fashion sense was correct about button down shirts with suits — maybe it is a Midwest v. East Coast thing (or perhaps they were just sucking up to me), but the students voted 85% v. 15% in favor of the button downs.
Update/clarification: We can’t believe we even have to do this. But for the record, a “button-down shirt” refers to a shirt with a button-down collar.
Time for an ATL reader poll:
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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