Segal’s latest article is more interesting than the January one. His January piece, while well-crafted and solidly (if imperfectly) reported, covered ground that had already been covered by many other outlets. Readers of Above the Law, other legal industry publications, or the numerous “scamblogs” already knew that the value proposition of going to law school was very much open to question (to put it mildly).
This weekend’s piece focuses on a less familiar aspect of the law school process, namely, merit scholarships. You might think that these grants, which help law students pay for their education in an age of ever-growing debt loads and skyrocketing tuition, are undoubtedly a good thing.
By the middle of second semester of that first year, everyone saw the system for what it was. We were furious. We realized that statistically, because of the curve, there was no way for many of us to keep our scholarships. But at that point, you’re a year in. They’ve got you. You feel stuck.
– Alexandra Leumer, a 2009 graduate of Golden Gate University School of Law, quoted in an interesting and provocative New York Times article suggesting that law school “merit scholarships” can be a bit of a scam unfair in the eyes of some recipients, due to the fact that so many students lose them after their 1L year by not achieving the required GPA.
I graduated from Northwestern Law in 2009. It is now 2011, my loans are coming due (real due — not the fake, put ‘em in forebearance, due of yesteryear), and I am currently “employed” doing two things: reviewing documents at an embarrassing hourly wage on projects that start and stop without any sort of consistency, and writing “jokes” about the Microsoft Zune every weekday morning, every other week. To borrow from David Foster Wallace, this is water.
And so it is with a sick sort of pleasure that I read Professor Paul Campos’s very interesting piece on The New Republic website yesterday. Coupled with Elie’s post on the Biglaw bloodletting, the article tells me what I’ve wanted to know and, in fact, what I’ve been telling my mom for two years now. Namely, that MJ was right. I am not alone.
What is the true state of unemployment for law school graduates? Professor Campos has crunched some numbers….
People think that I believe that nobody should go to law school ever, and that anybody who is currently in law school should drop out immediately. And, to be fair, I do think that many people in law school today have made terrible personal and financial decisions and have entered a world of pain that they will dwell in for much of the rest of their lives.
But I don’t think that every person in law school is there idiotically. I don’t think everybody who is there should drop out of school at the earliest available opportunity. I don’t even think you need a special “love of the law” to justify three years of legal education. The internet is not a great medium for nuance, but on a case-by-case basis there are a lot of situations where a person might be smart to go to law school and/or smart to stay in law school.
Take this one kid who emailed Above the Law asking for advice on whether or not he should drop out after his 1L year. I bet he’s going to be surprised that I’m of the opinion that he should stay in school…
Incoming summer associates, would you donate one day of your summer salary to help other students at your school who did not get summer jobs? Would you donate that money for a pro bono or public interest cause? Would you donate that money so your law school could fund the pro bono interests of other students?
Or am I giving you a false choice? Is it offensive to suggest that your law school needs one cent of your hard-won salary to fund public interest programs that should be covered by your tuition?
These are the questions facing students at one law school, thanks to an interesting donation request from the school’s administration. This isn’t a public interest auction like you’ll see at many law schools, where students with extra cash can bid on items, and auction proceeds are used to fund public interest fellowships. Rather, this is a direct request for a redistribution of income.
And I’m not sure if this is laudable or monstrous…
Hipster plays in jazz band with Lawyer. They have the same academic advisor, and fall into a casual friendship.
Hipster has trouble in school. He plays drums and guitar, but struggles to maintain the grades. It’s nothing to do with behavior – everyone likes him. The academic advisor does his best, but after failing a few courses, Hipster’s expelled. He ends up bouncing from school to school, and manages to graduate, then heads to a halfway-decent state university known for partying. He spends most of his year there jamming with his buddies and soon drops out. They start a rock band, smoke dope, wear tie-dye, collect Grateful Dead tapes and call each other “dude.”
Lawyer thinks it’s a shame Hipster got kicked out of school. His own grades are A’s. He wins academic prizes, a scholarship to study in England, and advanced placement at Harvard, where he graduates magna cum laude. He heads to a first-tier law school, and places near the top of his class. An offer arrives from a white-shoe law firm.
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….
I feel like there should be a student protest reality show.
Too often, people act like post-graduation unemployment is a malady that affects only students at lower-ranked law schools. People act like only lazy students at third-tier institutions — or “rank not published” institutions, if you prefer — end up desperate for work after three years of legal education.
But we know better. We know that the threat of unemployment is very real to all law school students. Sure, the higher-ranked schools might do a better job of getting their students jobs, at least in percentage terms; but even top schools have students who want to work but cannot find jobs.
Students at one top-ten law school are sick of suffering in silence. They want everybody, especially admitted students, to know that going to an elite law school doesn’t guarantee you a good job.
Given the state of the legal economy and the cost of law school tuition, it’s a wonder that this kind of thing doesn’t happen more often….
Alas, one student at Temple Law School didn’t get the “no begging” memo. She sent out a Facebook invitation to almost 800 people, requesting their attendance at an event entitled “HELP [REDACTED] RAISE MONEY FOR THE BAR EXAM IN JULY!!!!”
Yes, she’s asking her law school classmates — some of whom are probably just as cash-strapped and debt-burdened as she is — to just give her money.
Or pay her for one of her magic spells. Because she’s a witch, you see….
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.