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…
We present the second annual ATL Top 50 Law School Rankings. Just as we did last year, we based our rankings methodology purely on outcomes, especially on the schools’ success in placing their graduates into quality jobs as lawyers. In addition to focusing exclusively on such outcomes, ours are the only rankings to incorporate the latest ABA employment data concerning the class of 2013.
We’re about to release Above the Law’s second annual ATL Law School Rankings. We’re doing it live on the Kaplan180 tonight at 8:00 p.m. Click here to watch the show, or hop on to Above the Law after 9:00 p.m., when we will reveal the full rankings.
The book that everyone’s talking about right now is Capital in the Twenty-First Century by French economist Thomas Piketty. In his bestselling, critically acclaimed, 600-page tome, Piketty documents and diagnoses the growth of income inequality in the United States and around the world.
What’s true for the global economy seems to be true for law firms as well. As we mentioned in Morning Docket, the American Lawyer just released the latest Am Law 100 rankings, the biggest rankings in the world of Biglaw. Here’s the key takeaway, captured in the magazine’s headline: “The Super Rich Get Richer.”
How rich are the “Super Rich” these days? Let’s peek at those profits per partner….
So, you rocked your college grades, steamrolled the LSAT, impressed/conned/bribed your professors into writing outstanding recommendation letters, crafted the perfect law school résumé, and rounded out all of that perfection with an ideal theme for your personal statement and supplementary essays. Now, the only thing left to do is pick your law school out of the pile of admissions offers flooding your mailbox. Good problem to have, but how do you choose?
This is a matter we’ve given some thought to, and we suggest that you may want to use these three factors to make your decision. (Now, these three factors assume that your goal is to get a reasonably high-paying Biglaw or “medium law” type job. If that’s not your goal, the second section of this article will be much more relevant to you.)
Earlier this week, Time magazine released the Time 100, its annual list of the 100 most influential people in the world. This year, the same number of lawyers are present on the list as in last year’s legion of law lovers, and many of them are considered household names.
Although lawyers represent 14 percent of this list, only a handful of them were recognized for their work in the legal profession. Some of the representative career alternatives for attorneys on this list include leaders of the free world, television journalists, and arbiters of athletic fairness.
So which legal eagles soared into the Time 100, and were there any repeat honorees? Let’s find out…
I really don’t like this categorization of schools as first, second, and third-tier. The U.S. News and World Report rankings of law schools are an abomination. The legal profession and the country would be better off if they were eliminated.
I’ve got to give this law school credit for having stones. It’s one thing for law schools to lie or mislead prospective students about their employment numbers. It’s another thing for a law school to spin its U.S. News Law School Ranking in the most “positive” way it can think of.
But this law school here, these people just straight made up a number for its “Above the Law” ranking, as if somehow “Above the Law” wouldn’t notice! That’s some gumption, man. That’s like trying to adversely possess a house that is currently occupied. Good lord.
The school is telling prospective students that it ranks #77 on Above the Law’s employment rankings… which is interesting because Above the Law doesn’t DO an “employment ranking,” and our soon to be released law school rankings only go up to #50…
Women continue to have a hard time in the law. Whether they’re being told not to show cleavage, dress like “ignorant sluts,” or wear hooker heels, they just can’t the respect they deserve. In an environment like this, where women are perceived as lesser beings and one is expected to bring baked goods to the office just because she happens to have breasts, achieving a sense of work/life balance seems like an incredibly lofty goal.
The Yale Law Women just came out with their annual list of the top ten family friendly firms. We cover this list every year (see our posts from 2013, 2012, 2011, 2010, 2009, and 2008). This year’s list changed very dramatically from last year’s: only three of the firms have returned.
Which firms made the cut? Which firms had the best options available to both women and men? Let’s take a look at the latest ranking for the most family-friendly firms…
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!
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!