Critics of the current legal-education model, including my colleague Elie Mystal, have accused the American Bar Association of failing to uphold sufficiently stringent accreditation standards. ABA-accredited law schools proliferate, even though thousands of law school graduates find themselves unemployed or underemployed.
Boasting four campuses and more than 15,000 graduates in Michigan wasn’t enough for this elite law school. The nation’s #2 law school needs MOAR CAMPUSES (and unemployed graduates). So the administration started cooking up a plan to remedy this issue, on the down low.
Yet another Cooley Law campus will soon be invading a state near you on the east coast. But which one will be plagued with more unemployed law school graduates?
Well, the ABA has now responded. If you’ve been following the ABA closely, you’re not going to be surprised by the response. It’s the usual ABA combination of whining that they can’t do better while arguing that they don’t need to do better, because the market will magically provide jobs for everybody. Not the current market, of course — it’d just be silly to expect that people will have jobs before their loans go into default — but a magical future market that they provide no evidence will actually exist.
All one can really hope for is that people like Senator Grassley take the ABA at its word — and take regulatory authority away from the ABA, to give it to some organization with the will to use it….
Binghamton University — best known as the alma mater of the great Tony Kornheiser — is looking for a new president. They are in the process of interviewing a number of candidates, and one of those candidates is a lawyer. Jonathan Alger is the senior vice president and general counsel at Rutgers, and he’s on Binghamton’s shortlist.
Just as importantly, Alger sits on the American Bar Association Accreditation Committee. Naturally the people at Binghamton asked him if he would start a new law school if he took over Binghamton.
Since the man’s on the Accreditation Committee, I’m sure conflicts check flags are going up all over the place. But Alger’s answer may surprise you…
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.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: