At the begining of 2011, there were a bunch of stories about Biglaw women and their struggles to have (or produce) a family while hanging onto their jobs. We saw some important information about the rampant sexism in the legal profession. And there were the familiar cries from women who professed to “have it all” (because there always have to be some women who make all the other women feel bad).
But yeah, from the prospective of January 2011, it looked like Biglaw women were really ready to think critically about what they wanted both professionally and domestically, and how they were going to force some change onto the system.
Then, ostensibly the holiday hangover wore off and everybody got back to work grinding away the hours. Spring bonuses showed up, the masses were placated and the machine kept rolling on.
Well today, the day before spring bonuses actually hit the bank accounts of most of the people lucky enough to get them, the Yale Law Women are out with their annual list of top family-friendly firms. You’ll note that most of the firms on this year’s list are not exactly “market leaders” when it comes to total compensation. In fact, most of the firms on this list had to be dragged kicking and screaming to the spring bonus party, if they are paying bonuses at all.
And so ladies (and gentlemen who want children that have the ability to spot “daddy” in a lineup), here’s a pretty interesting choice. Do you have a preference for these family friendly firms? Or do you just want to go to whatever place pays you the most amount of money at all times?
Now is the season when law school applicants, having received their admission and rejection letters, need to make up their minds about where to attend law school (or if they want to go at all). We’ve received a number of inquiries from anxious 0Ls seeking advice about whether to matriculate at School X or School Y (which we might work into a post at some point, but which we don’t have the time to answer individually, for which we apologize). See also this post (asking whether you’d go to Notre Dame, for $X, or a lower-ranked school, for some number lower than $X).
In these discussions, the question of value looms large. We’ve previously mentioned lists of “best value” law schools in these pages, but some of these lists have methodological problems. And other lists — like the National Law Journal’s recent list of law schools that will get you into Biglaw on the cheap — while helpful, are too narrow in focus for some readers. Maybe you’re not looking for a Biglaw job, but you would like to attend a law school that is worth the price (i.e., a law school that can get you a job that will allow you to service the debt you incur).
Say hello to yet another set of law school rankings: U.S. News & World Report’s list of “10 Law Degrees With Most Financial Value at Graduation,” i.e., law schools whose graduates “have the highest first-year salaries relative to debt load.”
Did your school make the cut? Try to guess at some of the names you’ll see on the list, and then read on to see if you’re right….
If you thought that rankings fatigue would set in at some point, think again. Every new set of law school rankings, no matter how arbitrary or methodologically suspect, generates buzz and massive web traffic. The message that readers are sending to publishers: MOAR LAW SCHOOL RANKINGS.
Publishers are hearing it, loud and clear. U.S. News, the kings of the rankings game, just released a new rank-ordered list: the 10 most popular law schools.
How do they define “most popular law school”? And is your law school or alma mater one of them? Some of the schools on the list might surprise you….
And now things get interesting. As we continue to run through the U.S. News 2012 law school rankings, we get to a crucial set of schools. The schools in this batch are certainly top tier, but they’re not “top 14″; for the most part, though, they charge like top 14 schools (especially the private ones).
So this is the batch of schools where we usually hear questions like: Should I go to this school at full price, or a much lower-ranked school for free? And our answer is usually, “How much lower-ranked are we talking about?”
The bottom line is that when people get into schools like Duke, or Penn, they are going to end up going to that school. But when people get into some of the schools on this list, they do seriously consider other options. Should I retake the LSAT, score better and apply again? How much financial aid am I getting? What’s the job market like in the [secondary market] this school is located in, just in case I get stuck there? Is it worth it to go into this much debt for a degree from that school?
These factors should come into play no matter which law school you get accepted to, but at this point on the U.S. News list, cost factors take on increased importance…
As you are all know, the University of Texas School of Law has moved into the “top 14″ in this year’s U.S. News law school rankings. It’s a bit of cheat for U.S. News: Texas is technically tied for 14th, which means that the magazine has actually managed to cram 15 schools into its top 14. I’d complain more, but I’m a fan of a Big (We Can’t Count To) Ten school.
While we all know that Texas is in the top 14, very few of you remember the significance of the top 14 in the first place. The top 14 isn’t as arbitrary as it sounds. Since U.S. News started publishing these law school rankings, no school that ranked in the inaugural top 14 has ever been ranked outside of the top 14, and no school that did not rank in the top 14 that first year has ever cracked that list. Until now.
The top 14 has been a way to distinguish elite institutions that are nearly interchangeable with one another from really good law schools that are just a cut below. When viewed that way, Texas’s inclusion was probably long overdue.
Let’s take a look at some of the other movement in this rarefied group of law schools….
Yesterday we talked about a couple of schools that fell in this year’s U.S. News law school rankings, whose deans promptly devoted school-wide emails making excuses for their programs dropping. Predictably, they criticized U.S. News’s latest methodology, even though this year’s formula did a better job of focusing on factors law students actually care about (like jobs, not donuts).
We asked you to send us other responses from law school administrations regarding this year’s rankings. And, ye Gods, foot soldiers with no clear mission or exit strategy in Afghanistan aren’t bitching and moaning as much as law school deans are just because U.S. News prefers schools that get their students jobs. If these crybaby deans could care about the employment outcomes of their students half as much as they care about the U.S. News rankings, then going to law school wouldn’t be such a financially dangerous option and their schools would do better in the rankings.
Today I just want to focus on a few schools that did better in the rankings this year, yet still found the time to bitch about U.S. News. You expect schools that drop to be dismissive of the rankings, but when schools that are bathed in rankings glory are unsatisfied, that’s a little bit more interesting….
Further down the list, we start to see some volatility. Now, every year there needs to be some change in the rankings; how else is U.S. News going to get people to buy new magazines? When you cede control of your legal education system to the list-making skills of a for-profit magazine, those are the kinds of realities you just have to live with.
But the way U.S. News tweaked its methodology this year is special. This year, U.S. News tweaked things ever so slightly to make their rankings just a little bit more output-oriented. While the rankings are still unabashedly focused on the qualifications of students on the way in than what those kids end up doing on their way out, this year’s list pays more lip service to the employment outcomes of recent graduates. We recently quoted this section of a letter U.S. News editor Brian Kelly sent to law school deans: “[E]mployment after graduation is relevant data that prospective students and other consumers should be entitled to. Many graduate business schools are meticulous about collecting such data, even having it audited. The entire law school sector is perceived to be less than candid because it does not pursue a similar, disciplined approach to data collection and reporting.”
U.S. News placed a little more emphasis on employment after graduation this year, and some schools took a significant hit because of it.
And now? Well, my friends, now we get to hear a couple of law schools squeal — just like their graduates have for the past three years….
The U.S. News law school rankings for 2012 are here, y’all. Time to pay tribute to that which is more important to legal educators in this country than anything else.
As is customary here at Above the Law, we will be posting a series of open threads, running through at least the top 100 law schools. These open threads offer you a chance to compare and contrast different schools, praise (or condemn) your alma mater, and talk trash about rival law schools.
We’re not sure what we’ll do with the formerly “tier 3″ schools that have now been graced with numerical rankings by U.S. News. And we have no clue how we’ll handle the formerly “tier 4″ schools, which are now being classified as “tier 2″ schools — but I’ll be a monkey’s uncle before I quietly accept U.S. News’s misleading attempt to recharacterize these schools as “second tier”….
Santa Claus — aka Bob Morse, rankings czar at U.S. News & World Report — is letting us open our presents early (or at least before midnight). The U.S. News law school rankings were supposed to come out on Tuesday, March 15, but Morse and his colleagues at U.S. News kindly posted them sometime around 10 p.m. Eastern time tonight. Yay!
(You’ll recall the same thing happened last year, too. The rankings were supposed to come out on April 15, 2010, but they were made available online by April 14 at 10:30 p.m., when we wrote about them.)
Now, on to the latest rankings — technically the 2012 law school rankings, but “ranked in 2011,” as noted on the U.S. News website.
We’ll start at the top, with a look at the top 14, or so-called “T14,” law schools. For the first time in ages, there’s a newcomer among their ranks. Guess who?
So you spent a considerable amount of time courting, selling and maybe even doing some friendly stalking of that attractive lateral partner candidate with a sizable book. After he or she ignored your emails and didn’t return your calls, a few weeks go by and you read a press release in the legal media announcing the recent move to a competing firm.
Rats. Another one got away from you. You cringe when you consider how much time was spent in meetings that did not bear fruit. Your heart aches when recall how you were led to believe this was a marriage made in heaven.
You have been rejected.
The sting of rejection is painful, even for fancy law firms. But you need to find a way that you can turn this disappointment into a legitimate learning experience.
No, this isn’t a pre-party before we come back next fall for the real thing. This IS the real thing. Quinn Emanuel is pushing the envelope on recruiting. The party is now. This is when you meet the partners and associates face to face. This is when we begin the dance that could land you an offer for your second summer BEFORE school starts in the fall.
First: You come to the party. Second: If you like us, you send your resume after June 1, 2014. Third: If we like each other, you get an offer.
We’re not waiting for fall. We’re not doing the twenty minute thing. This party is the real thing!
We hope you’ll join us, and look forward to meeting you.
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 protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
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