Earlier this week, we brought you news about the 10 worst cities for young attorneys ranked by standard of living, size of the legal community, and an active social scene for young people. Many of those cities were located in the South or in the Midwest, where law school administrators have insisted there are good jobs waiting. While some complained that the rankings were suspect for one reason or another, others — perhaps they were bitter? — went so far as to suggest they didn’t “want people that ‘rank’ the ‘worst cities’ coming to these great places anyway.” Sheesh.
Well, those worst-city defenders may be in luck, because today we’ve got the rankings for the 20 Best Cities for Young Attorneys, and this time, average billable hours per city are included. Once again, NALP’s Buying Power Index for the Class of 2010 was used to establish each city’s standard of living, and the resultant best cities were not only big, but they were also extremely Biglaw-centric, with reported median salaries to match.
Given the glut of attorneys being pumped out into the market on a yearly basis, recent graduates are being told to consider applying for employment in places that they normally wouldn’t — rural places like the cities in the Midwest or the Deep South. And for some, it’s been working out, but for others, the experience has been less than enjoyable.
Enter the latest set of rankings. Last year at about this time, the National Association for Law Placement (NALP) released its Buying Power Index for the Class of 2010. This year, National Jurist has presented a list of the Worst Cities for Young Attorneys, based, in part, on NALP’s figures. Unsurprisingly, many of those cities fall near the bottom of NALP’s buying power list, and one was even in second-to-last place. If you have other options, you may want to seriously consider them.
So where are the worst cities for young attorneys?
I’d like to live in a world where the list of best law schools “for black people” was exactly the same as the list of best law schools “for people.”
I think we’re close. Black people are already conditioned to make the same stupid decisions based on the U.S. News rankings as white people have been making for a generation. And while there are still some unhelpful people who try to tell black people that the reasons for going to law school are somehow radically different for them than for everybody else, for the most part, people understand that black people go to law school for the same reason white people do: jobs.
Still, we’re not quite there, in large part because the strength and vibrancy of the black community can vary greatly between law schools. In this day and age, nobody should expect to be the “only” black student in their small section. Everybody should expect access to a diverse law school faculty. But some law schools do a better job of providing those kinds of environments than others.
Now, usually when I see a non-U.S. News law school ranking, I make fun of it. That’s because there is usually some kind of huge, methodological problem with them. And then, of course, there is the pathetic joke that is the Cooley Law School Rankings. In general, non-U.S. News rankings fail either by offering no new information than what is already captured by U.S. News, or by looking at completely stupid information that nobody cares about.
With that in mind, I opened The Black Student’s Guide To Law School with a lot of skepticism. I mean, unless they figured out how to capture the all important “racist apologist per oblivious white person” metric, I wasn’t sure there would be a lot of utility here.
But having thumbed through the guide and their ranking of the top 25 national law schools for black people, I have to say that there is a lot of good stuff in here. And I’m not just saying that because Yale Law plummets to #19….
Apparently also underrated? The corporate group at Cahill Gordon, according to the ATL audience. Cahill received the most mentions as having an “underrated” corporate group in our ATL Insider Survey. Biglaw has a fairly stable roster of alpha dogs in each practice category (Weil in bankruptcy, Wachtell in M&A, etc.), but we wondered which firms’ practice groups deserve more recognition. So, among other things, our survey asks attorneys to nominate firms with underrated (and overrated) practices within the respondent’s own practice specialty. Litigators nominate litigation departments, tax lawyers do the same for tax groups, and so on.
Read on and have a look at the top three underrated firms in each practice area:
Earlier this week, we brought our readers news of the latest Princeton Review law school rankings for Best Career Prospects. Basing a “career prospects” ranking on surveys of current students, students who have yet to embark upon their careers, could be questioned methodologically — but you ate that s**t up like Halloween candy, so let’s give you more.
Today, we’ll take a closer look at the new rankings in categories that current law students actually know something about: the law schools that are the toughest to get into, and the law schools with the most competitive students. While one of these rankings lists is consistent with conventional wisdom, the other might surprise you.
Good news, everyone! Princeton Review — the other, other white meat U.S. News — has released its very own law school rankings. This year, we are treated to the Best 168 Law Schools Rankings. As usual, the rankings are divided into 11 categories filled with mostly nonsensical results. After all, where else will you find Cooley Law on a list for having the “Most Competitive Students”?
But nonetheless, in this kind of a down market, everyone’s been itching to see a rankings list of the law schools that will verily ensure graduates’ employability (except for the purposes of suing over employment statistics, of course). Honestly, why go to law school in the first place if as a result you’re only qualified to stock shelves at the local convenience store?
That’s why everyone breathed a sigh of relief when Princeton Review released its somewhat-ridiculous “Best Career Prospects” rankings list. Because any list that doesn’t include Yale is sure to be worth reading….
* Only amateur fibbers simply pretend they have cancer. If you want to be the real deal, you gotta tell all your friends you also don’t have health insurance and get them to raise three grand to pay for your imaginary chemo. [Legal Juice]
* So, I would never fake an injury to get to use a wheelchair, because of the serious karma issues it would probably create in my life (e.g., above blurb). But I will say I went to Disneyland once with a physically disabled friend, and it was freaking amazing. I’ve never waited in so few lines in my life. [Consumerist]
* I think the lesson here is that it’s generally poor parenting to name your child after the sound a bomb makes. [CBS Cleveland via Legal Blog Watch]
The world keeps getting smaller, but the law firms keep getting bigger. The American Lawyer magazine just announced its Global 100, the world’s 100 largest law firms in terms of total revenue, and Biglaw seems bigger than ever.
Despite the challenging economic climate, law firms continue to grow. In three key categories — revenue, profits per partner, and attorney headcount — the top firm for 2012 boasts a bigger number than last year’s #1 firm….
From buying their family’s love to buying luxurious lawyerly lairs, attorneys at the nation’s largest firms do a lot of things with their wallets — and now they’re voting with them, too. Earlier this month, we brought you a story about Obama v. Romney in terms of which presidential candidate was leading in the race to collect campaign contributions from the wonderful world of Biglaw.
At present, Obama has an advantage over Romney, with $1.9 million pouring in from America’s 20 biggest firms, as opposed to just over $1 million for his opponent. When we last wrote about this important issue, lawyers from DLA Piper proved to be Obama’s greatest supporters, while Kirkland & Ellis showed up strong for Romney. But what we really want to know is which other firms are opening their hearts wallets for these political adversaries.
With only a little more than a month until Election 2012, let’s take a look at the firms that are making some of the largest (and smallest) political donations….
Last week, we searched this year’s Forbes 400, the list of the 400 richest Americans, for lawyers and law school graduates. Lat pointed out the newcomers and the dropouts since last year’s roundup, but there are still more than thirty other lawyers on the list.
Let’s take a closer look at these affluent attorneys. Their stories will either inspire you with visions of vast wealth or afflict you with jealousy at how many times over they could pay off your loan debt….
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: email@example.com.
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.