In 2011, when Indiana Tech announced it was going to open a law school in Fort Wayne, Indiana for no good reason, Indiana Tech President Arthur Snyder said that access to legal education in Indiana was a big reason for opening the fifth law school in the state: “There are potential students who desire a law school education who cannot get that education in this area, and there are people in our state who need legal services who don’t have access to them.”
This was always an incredibly weak argument. Now, as Indiana Tech is set to welcome its first starting class, we have some measure of proof that those 2011 prognostications were as incorrect as everybody knew they’d be in 2011….
Does somebody have to die? Does somebody have to commit suicide? Does somebody have to leave a suicide note that reads, “I just couldn’t go on paying off the debts I incurred from going to this law school”? What is it going to take before somebody, some organization, some kind of regulatory authority steps in and prevents universities from opening up debt-generation shops under the guise of providing legal education?
There have been some recent successes in the fight to get people to think before they open a new law school. Plans to further saturate the legal market with expensive J.D.s have been tabled in North Texas and Delaware.
But this is a game of whack-a-mole that can’t be won without regulatory control. The Indiana Institute of Technology is going forward with its law school plan, because nobody will stop them….
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.