The ALS Association’s “Ice Bucket Challenge” has been wildly successful, raising more than $107 million to support the nonprofit and its great work fighting amyotrophic lateral sclerosis, also known as Lou Gehrig’s Disease. The success even prompted the association to file trademark applications for “Ice Bucket Challenge” and “ALS Ice Bucket Challenge” (ultimately withdrawn, so as not to stop other worthy causes from using the challenge).
Continuing our discussion of “elite law school problems,” let’s talk about grades. If your law school is ranked poorly, waiting for your grades has made you stressed all January. But if you go to a top-ranked law school, it really shouldn’t be that stressful, right?
Hell, if you are going to a truly elite law school, you don’t even have grades. Sure, if you are gunning for the Supreme Court clerkship down the road, your transcript is important. But if you’ve made it all the way to one of the best institutions of higher learning, and all you care about it whether you get an A and a pat on the head at the end of the semester, you’re doing it wrong.
Sadly, there are a lot of people at top law schools who are doing it wrong.
At the University of Chicago, Dean of Students Amy Gardner decided to send a reassuring note to students about their grades. Most importantly, she told students not to believe each other if they try to brag about their grades.
It’s a lesson even non-Chicago students might need to hear….
Earlier this week, a tipster wrote to us: “The University of Chicago Law School is suffering from a problem not too different from the one that Antoine Dodson and his neighbors suffered not too long ago.”
Chicago is a long way from Huntsville, Alabama, and the University of Chicago Law School is a long way from the housing projects of Lincoln Park (no, not that Lincoln Park). But the tipster is right: both places have been the site of rape allegations.
We have a message for law school deans and administrators everywhere. To paraphrase Chris Crocker, “Leave… the grades… alone!”
Stories about changes to law school grading schemes aren’t much fun for us to write. But every time you deans tinker ever so slightly with your law school’s curve, we here at Above the Law get flooded by angry emails from law student readers, demanding that we call attention to whatever completely inscrutable change (or non-change) you have made (or not made) to your grading policy. In order to save us from having to write these stories, please cease and desist immediately from further amendment of your grading schemes.
Notwithstanding the views of the guy who posted his grades on Facebook, law school grades aren’t very interesting (except to their recipients). We’d much rather immerse ourselves in the law firm bonus horse race, for example. Compared to law school grading stories, the associate bonus watch is as riveting as the Oscars competition (or the Super Bowl, if you’re into that sort of thing).
Honestly, and with all due respect to our law student readers, we don’t particularly care about law school grades — and neither will you, in just a few short years. Right now you might be obsessed with your grades. And yes, they matter more than before, thanks to the tough legal job market. But you will forget your law school GPA sooner than you think. In the words of Professor Orin Kerr, “[o]nce you’re out of school for a bit, people care whether you are a good attorney, not your law school GPA.”
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: