Wherein a disgruntled law grad quits his crappy retail job, only to find another crappy retail job.
Unlike other lenders, we offer total flexibility.
-Set your exact monthly payment and repayment term
-Don’t be forced into overpaying for a longer term than you want
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-No origination or prepayment fees
-Rates start at 1.92% APR
If you were unable to get a law job, would you be willing to pay a fee to get legal experience?
A law school dean makes an obscene amount of money, and now everybody is outraged.
Current law students are far more intelligent than the critics of law school give them credit for. In going to law school, these students are just trying to make the best of a bad situation.
Can students stop an unjustified tuition hike?
* Eric Holder has agreed to serve once more as attorney general during President Barack Obama’s second term, but he still plans to leave at some point — after all, he’s no “Janet Reno of the Justice Department.” [Blog of Legal Times]
* For those who care about Biglaw firms and the landlords who love them, fear not, because there’s a whole lot of moving and shaking in terms of commercial real estate deals for Arnold & Porter, Goodwin Procter, and Sidley Austin. [Am Law Daily]
* Jacoby & Meyers scored at the Second Circuit, and the firm’s legal attack on New York’s ban on non-lawyer law firm ownership was reinstated. Soon Walmart will own a law firm with “Low Prices. Every day. On everything.” [Bloomberg]
* Who’ll be stepping in to fill Evan Caminker’s $457,964 shoes as the next dean of Michigan Law? None other than Mark West, who’d like to improve financial aid and loan repayment programs. [National Law Journal]
* Gun nuts, commence your rioting… now. If passed, Governor Andrew Cuomo’s sweeping gun-control proposal would make New York the state with the strictest gun laws in the country. [WSJ Law Blog (sub. req.)]
* Speaking of needless gun violence, by Friday, we’ll know whether there’s enough evidence to move forward with a trial for James Holmes, the accused shooter in the Aurora movie theater massacre. [New York Times]
Why not sell the rights to your name to pay off your law school loan debt? Great idea, nothing bad could happen because of this!
I became a lawyer without really understanding that the job cuts time off of your life. My work hours are long, I can’t see my family or friends, and I am constantly at the mercy of the partner or the client. On top of everything, at one point, I was paying 7% on my law school loans. […]
Airplanes / Aviation, American Bar Association / ABA, Antitrust, Arnold & Porter, Biglaw, Confirmations, Crime, Deaths, Department of Justice, Hate Crimes, John Roberts, Law Schools, Morning Docket, Murder, Patents, SCOTUS, Student Loans, Supreme Court, Travel / Vacation, Trendspotting, Violence
* While Chief Justice of the United States John Roberts made a plea to keep funding for the federal judiciary intact, we learned that student loan default cases have fallen since 2011. You really gotta love that income-based repayment. [WSJ Law Blog (sub. req.)]
* Introducing the Asia 50, a list of the largest firms in the Asia-Pacific region. When it comes to the firms with the biggest footprints, only one American Biglaw shop made the cut. Go ahead and take a wild guess on which one it was. [Asian Lawyer]
* Congratulations are in order, because after almost a year of stalling, Arnold & Porter partner William Baer was finally confirmed by the Senate as the chief of the Department of Justice’s Antitrust Division. [Bloomberg]
* Our elected officials might not have allowed the country to fall off the fiscal cliff, but the American Invents Act was put on hold, so if you’re a patent nerd, you can still be mad about something. [National Law Journal]
* Remember when Rutgers-Camden Law said “many top students” were making bank after graduation? Yeah, about that: Law School Transparency just filed an ABA complaint. [Thomson Reuters News & Insight]
* Here are some law school trends to look out for in 2013. FYI, the applicant pool is smaller because no one wants to foolishly gamble on their careers anymore. [Law Admissions Lowdown / U.S. News & World Report]
* In the latest NYC subway shoving death, a woman was charged with second-degree murder as a hate crime, and allegedly bragged about other hate crimes she’s committed to police. Lovely. [New York Times]
* Next time you’re trapped on a plane that’s literally filled with other people’s crap for 11 hours, don’t bother suing over your hellish experience — you’re going to be preempted by federal law. [New York Law Journal]
One university helps its medical students while continuing to fleece its law students…
* I’m happy to have spent this last day on Earth with you. And with professors Paul Campos and Brian Tamanaha telling you how law school is a raw deal. [HuffPost Live]
* Meanwhile, Seton Hall will be offering a tuition “discount” to students based on merit. Which is really just what a lot of law schools have been doing to try to fill seats as people become more aware of the problems with legal education. [National Law Journal]
* One reason my job is better than yours: I get emails with the subject lines like “CockSucker Decision Analysis” all the time. [The Legal Satyricon]
* I didn’t know there were freaking idiots out there who thought that Israel had more lax gun laws than we do. But they don’t. Because Israelis like being safe. [Huffington Post]
* And if you think more lax gun laws in Russia would make the murder rate there go down, you are probably the kind of dumbass who thinks you can look into Putin’s eyes and see his soul. [Atlantic]
* So when former U.S. Olympian Suzy Favor Hamilton admits to it, it’s called “prostitution,” but when we’re doing essentially the same story about Ryan Lochte in 10 years, we’re going to call it “sex addiction” or something. [Chicago Tribune]
Has the day of reckoning finally come for student loan companies? Sallie Mae just got sued….
* Change may be coming soon in light of the Newtown shooting, but any talk about new federal restrictions on guns will hinge on the Supreme Court’s interpretation of the Second Amendment through the lens of the Heller case. [National Law Journal]
* Joel Sanders and the Steves are facing yet another “frivolous” lawsuit over their alleged misconduct while at the helm of the sinking S.S. Dewey, but this time in a multi-million dollar case filed by Aviva Life and Annuity over a 2010 bond offering. [Am Law Daily]
* Always a bridesmaid, never a bride: Pillsbury has had the urge to merge since February, and now the firm may finally get a chance to walk down the aisle with Dickstein Shapiro. [Thomson Reuters News & Insight]
* Income-based repayment is a bastion of hope for law school graduates drowning in student loan debt, but when the tax man commeth, and he will, you’ll quickly find out that the IRS doesn’t have IBR. [New York Times]
* Is the premise of graduating with “zero debt” from a law school that hasn’t been accredited by the ABA something that you should actually consider? Sure, if you don’t mind zero jobs. [U.S. News and World Report]
* Daniel Inouye, Hawaii’s Senate representative for five decades and a GW Law School graduate, RIP. [CNN]
Happy holidays from your law school loan servicers, you’ve been kicked off IBR!
* Kagan, J., benchslapping. [Josh Blackman’s Blog]
* I think I’d get this if I understood gymnastics. [Associate’s Mind]
* Some people think IBR is pointless, but if you disagree, check out this petition. [We the People: Your Voice in Government]
* Partner readers, check out this new podcast (featuring law firm consultant Ed Wesemann and yours truly). [Attorney Search Group]
* Our annual Law Revue Video Contest is still a few months away, but if you like making legally themed videos, keep an eye on this contest (more details forthcoming, including info on the prizes). [Federal Bar Association]
* Speaking of contests, we welcome your votes in the ABA Journal’s Blawg 100 (under “News/Analysis”). [ABA Journal]
* And speaking of Above the Law, the deadline for applying for our writer/editor position and our internship is tomorrow — so act now if interested! [Above the Law]
Last week I wrote about how making partner can be a vehicle for making positive personal changes. I was not kidding. As a partner, I want my fellow partners to be happy with their personal lives. Much better for business that way. We all know that the pre-partner years are rough on personal lives, so […]
I’ll say it again, making law school affordable means that you shouldn’t have to sell a book in order to pay off your debts…