Quote of the Day

Scrooge McDuck: he is the 1 percent (but not a lawyer).

Lawyers are the fourth most well-represented occupational group among the nation’s top 1 percent (which, for purposes of the study, consists of households with a pretax income of $380,000, excluding capital gains).

– a New York Times analysis of data collected by the University of Minnesota Population Center.

Additional interesting facts and links — including which occupations ranked ahead of lawyers, and what percentage of lawyers belong to the 1 percent — appear after the jump.

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Thomas D. Morgan

The jolt to the legal profession is real, and the world is not going back to the way it was.

Thomas D. Morgan, professor of law at George Washington University Law School, commenting on the state of legal education during a plenary session at the annual meeting of the Association of American Law Schools. Morgan, author of The Vanishing American Lawyer (affiliate link), noted that more must be done to make legal education relevant in a post-recession world.

David Brooks

The country doesn’t want an election that is Harvard Law versus Harvard Law.

David Brooks of the New York Times, in a recent column offering praise for what he describes as “working-class candidate[s]” like Rick Santorum and Sherrod Brown (and implicitly dissing Barack Obama and Mitt Romney, both graduates of Harvard Law School).

John Roberts

I have complete confidence in the capability of my colleagues to determine when recusal is warranted. They are jurists of exceptional integrity and experience whose character and fitness have been examined through a rigorous appointment and confirmation process.

– Chief Justice John Roberts, defending the Supreme Court’s ethical standards in light of calls for Justices Clarence Thomas and Elena Kagan to recuse from the controversial health care case that will be argued before SCOTUS in March. The Chief Justice’s comments were made in his 2011 Year-End Report on the Federal Judiciary.

Jeremy Paul

For Yale, it’s very economically feasible because almost nobody would do it.

Jeremy Paul, dean of the University of Connecticut School of Law, commenting on the likelihood (or lack thereof) of law schools adopting the unconventional tuition reimbursement policy proposed by Yale Law professors Akhil Reed Amar and Ian Ayres in their thought-provoking essay, Paying Students to Quit Law School

Scott Rothstein

You don’t want to have marijuana dealing from the middle of your law office because I was running a giant Ponzi scheme out of there.

Scott Rothstein, convicted Ponzi schemer and disbarred attorney, commenting during a deposition about his attempts to stop former Rothstein Rosenfeldt Adler employees from dealing drugs in the office.

Stephen Gillers

The lawsuit is doomed. The antitrust argument seems to be that the A.B.A. is limiting the number of law schools. But there are 200 A.B.A.-approved law schools, so if the council’s secret agenda is to limit competition, it’s doing a lousy job.

Stephen Gillers, New York University law professor and legal ethics expert, commenting on Duncan Law’s chances of prevailing in its antitrust lawsuit against the ABA.

Roland Davenport

There aren’t that many really good Santas.

Roland Davenport, a Michigan solo practitioner, commenting on the sad state of Santa Claus couture during the holiday season. Davenport, who attended what he calls “the Harvard of Santa Claus schools,” has been dressing up as Santa and performing at holiday parties for the past eight years.

Davenport’s real, white beard and $750 red suit are considered prestigious by the competition, and his Santa retainer reflects it.

[A] law school could literally burn a huge sum of money and, as long as the flames were meant to teach something to the students — the craziness of the U.S. News algorithm, perhaps? — the school would benefit in the rankings.

New York Times journalist David Segal, responding to a reader’s question in relation to his series of articles about the economics of law schools. Segal’s latest article, For Law Schools, a Price to Play the A.B.A.’s Way (our coverage here), concluded the series.

(Additional excerpts from Segal’s responses, after the jump.)

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Mike McQueary

I don’t know. I don’t look and stare down there.

Mike McQueary, an assistant football coach at Penn State, responding to a question about Jerry Sandusky’s erection (or lack thereof) during his alleged sexual assault of a child in 2002.

(McQueary testified today in a preliminary hearing on charges against Penn State’s former athletic director, Tim Curley, and finance official Gary Schultz).

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