Today, the American Lawyer released its Am Law 200 law firm rankings — a closely watched list of the law firms that are rich and prestigious, but not quite rich and prestigious enough to become a member of the elite and influential Am Law 100. If this were law school rankings, you could think of the “Second Hundred” as the institutions that came in just a step below the lauded T14.
As we noted when the Am Law 100 rankings came out in late April, the key takeaway was that the super rich were continuing to get richer. When it comes to the Am Law 200, flat performance is still very much the new up. There were some outstanding performances, though, and 20 firms out of the Second Hundred were designated as “super rich,” just like their Am Law 100 cousins.
While some firms came out on top, others were merely surviving. How did the Am Law 200 stack up?
* Human Rights Watch wants to “stop killer robots” from being used as cops. In case that was really weighing on your mind. [PC World]
* A profile and Q&A with Twitter’s foremost jurist, Justice Don Willett of Texas. He indulges us with answers longer than 140 characters. [Coverage Opinions]
* The Berkeley bird beheader gets four years probation and service to an animal shelter. And you just know some bird is going to try and start something with him on the first day. [Associated Press via San Diego Union-Times]
* Instead of announcing a new dean, Louisville has given a three-year extension to its interim dean to keep holding the “interim” title. What’s going on? Could one of the commenters be right: that the school doesn’t want to take on a new salary because they expect the school to fold? [The Faculty Lounge]
* When you think of professions likely to be menaced by armed maniacs, you don’t think of veterinarians. You’d be wrong. [Legal Juice]
* Robert Ambrogi talks with Bryan Garner about the latest edition of Black’s Law Dictionary, including the fact that three new terms coined by David Lat made this edition. Let’s start the campaign for Appellageddon and SCOTocaplypse for next time around! [Robert Ambrogi's LawSites]
* The ABA has appointed an all-star panel to study law school financing. By “all-star” they mean “all the people responsible for the status quo.” That’s how you do “reform,” guys. [Lawyers, Guns & Money]
* A photo essay of people breaking the stupid laws on the books in various states. [The Phoblographer]
* Law professors making a difference in the real world. Specifically, pushing the anti-smoking message. [PR Log]
* A Seattle attorney pleads to 5 counts of third-degree rape to avoid trial over attacks on a series of massage therapists. He says he’s just a sex addict. The government says he was “kicking in doors, and pulling knives on them.” That sounds pretty extreme for a sex addiction. [Seattle Times]
Since we released the ATL Top 50 Law Schools last week, we’ve received a fair amount of feedback and criticism regarding our approach to ranking schools. As noted (again and again), our methodology considers “outcomes” only — the idea being that, in this dismal legal job market, that’s all that truly matters. Our rankings formula weighs six outcomes; these three below were the most disputed:
• Supreme Court Clerks. This is simply the number of SCOTUS clerks produced by the school over the last five years, adjusted for the schools’ size. By far, this is the most heavily criticized aspect of our methodology. “Preposterous!” “Irrelevant!” “Reflective of some weird fetish on the part of one of your editors!” And so on. To which we say, sure, SCOTUS clerkships are irrelevant in assessing the vast majority of schools. Properly considered, this component is a sort of “extra credit question” that helps make fine distinctions among a few top schools.
• Federal Judgeships. The number of sitting Article III judges who are alumni of the school, adjusted for size. Some complain that this is a lagging indicator that tells us something about graduates from 25 years ago but little about today’s students’ prospects. Besides, aren’t these appointments just a function of the appointees’ connections? True enough, but this is certainly an indicator of the enduring strength and scope of a school’s graduate network — surely a worthwhile consideration. Connections matter.
• Quality Jobs Score. The percentage of students securing jobs at the nation’s largest law firms combined with those landing federal clerkships. The principal criticism with this metric is that it fails to include some categories of desirable job outcomes, including so-called “JD Advantage” jobs and certain public interest/government positions. However, parsing out the “good” jobs from the rest is the problem. Whenever we could, we used the most straightforward, obtainable, and well-defined data points, with the goal of a “quality jobs score” as a reasonable proxy for quality jobs generally.
Read on for a look at which schools rated best in each of the above categories, as well as on Employment Score and Lowest Cost. We’ll also look at some of the biggest gainers and losers in the ATL 50, plus significant differences between our rankings and U.S. News….
As The Economist concisely explains, a verein is “a Swiss partnership that lets [law firms] maintain separate national or regional profit pools under a single brand.” For purposes of preparing its influential Am Law 100 rankings, the American Lawyer treats a verein as a single firm — a decision that some at non-verein firms object to.
Let’s hear some of the complaints — and then, interestingly enough, a defense of the vereins’ financial performance in 2013, which might have been better than Am Law suggested….
It’s not surprising that law grads from top-50 schools have better job prospects than graduates from less prestigious law schools. What’s surprising is how large the gap is.
While there are more than 200 ABA accredited law schools floating around, the employment outcomes from those beyond the first tier are embarrassing. All law schools will tell you that their education is worth the high price of tuition… but it seems that around 150 of them are lying.
Last week, Above the Law released its second annual law school rankings. We rank the top 50 law schools, using the most recent employment data (from the class of 2013). It turns out that those recent employment stats suggest that there are really only 50 schools worth going to — at least if you want to get a job after you graduate from law school.
* Boies Schiller announced it will be working with Hausfeld LLP for the limited purpose of creating a new practice group that will allow the firms to co-represent professional athletes. (Sorry, college athletes, you don’t count yet.) [Bloomberg]
* It’s highly likely that departing White House counsel Kathryn Ruemmler will return to her former stomping grounds at Latham & Watkins. Imagine how many pairs of shoes she’ll be able to buy with her Biglaw money. [Washington Post]
* Governor Andrew Cuomo is so desperate to keep the Buffalo Bills in Western New York that he recently inked a $350K deal with Foley & Lardner to convince the team’s future owners to stay put. [Buffalo News]
* The Above the Law Top 50 Law School Rankings are virtually ungameable, but Kyle McEntee of Law School Transparency proposes a novel way deans can try: by lowering tuition. GASP! [Law.com (reg. req.)]
* Marc Randazza, one of the preeminent lawyers on First Amendment rights (who happens to represent us from time to time), thinks what happened to Don Sterling was “morally wrong.” Interesting theory. [CNN]
As we noted last year when we spoke at length about law firm branding, “[a]side from the daily challenges associated with sustaining or exceeding gross revenue year after year, Biglaw partners are probably most worried about their firm’s brand.”
With so many law firms out there in the world, it may be difficult to figure out which one is right for a client’s specific needs. Amid recent layoffs of all kinds, even from the most respected of firms, how is one to decide which Biglaw firm to roll with?
As luck would have it, there’s a ranking to determine which firm has the strongest brand in the business — one that can withstand even the bad taste that layoffs can leave in a client’s mouth….
I’m the official “rankings hater” around here, and that hate extends even to rankings that I helped design. There is some useful consumer information in the Above the Law rankings — but it’s also important that consumers understand what is not here, what we didn’t do, and what our rankings can’t tell you.
Let’s talk about that. Let’s talk about what’s wrong with our rankings…
Back in March, we brought you news on the law schools with the most heavily indebted graduates. It was quite shocking to witness the depths to which these poor souls went to finance their legal educations. Take, for example, the average graduate from Thomas Jefferson School of Law, who has $180,665 in debt — and also has a 29 percent chance of working as an attorney nine months after graduation. That’s absolutely terrifying.
But in a world where the average class of 2013 law school graduate carries a debt load of $108,815 (up from an average of $108,293 for the class of 2012), there must be a few schools out there that won’t destroy a would-be lawyer’s financial footprint forever.
Which law school graduates have the least debt of all? U.S. News has a ranking for that…
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The Trust Women conference is an influential gathering that brings together global corporations, lawyers and pioneers in the field of women’s rights. Unlike many other events, Trust Women delegates take action and forge tangible commitments to empower women to know and defend their rights.
This year, the Trust Women conference will take place 18-19 November in London. From women’s economic empowerment to slavery in the supply chain and child labour, this year’s agenda is strong and powerful. Speakers include Professor Muhammad Yunus, Nobel Laureate and founder of the Grameen Bank; Phumzile Mlambo-Ngcuka, Executive Director of UN Women; Mary Ellen Iskenderian, President and CEO of Women’s World Banking and many other influential leaders. Find out more about Trust Women here.