I previously wrote about the depressing prospects for graduates of all but the top ten or twenty law schools (“Two Law Grad Markets”). And yes, these were statistical generalizations, and the experience of specific individuals with particular skills and backgrounds will always be different, pro and con. But as an industry, if you care about our supply chain for talent, many law schools are burning platforms.
There are actually some closely connected problems driving this dynamic:
More JDs are being turned out each year than there are (a) full-time, (b) long-term jobs, (c) requiring bar passage, (d) at current salary levels;
perhaps the primary reason for the mismatch between supply of JDs and current demand for them (about two supplied for every one today’s market is demanding) is that clients increasingly resist paying for junior associates, which makes it uneconomic for firms to invest in traditional training;
but/and at the same time, every sentient observer is painfully aware that vast segments of the U.S. population — consumers and businesses alike — remain underserved by lawyers.
This would prompt any economist to ask, almost instinctively, “Why isn’t there a market-clearing price where supply and demand can meet?” Which is another way of asking, “What if there were a way to address both these problems at a single stroke?”
This has become one of my favorite posts to write every year. The U.S. News 2015 Law School Rankings are out. Some schools did well, some schools dropped like stones, and some deans from some schools send out emails encouraging students that there is NOTHING TO SEE HERE and the U.S. News rankings should be ignored.
Unless they do well. Deans from schools bathing in the warm light of U.S. News send out messages like this one from Florida State’s dean:
I am delighted to report that U.S. News & World Report has ranked Florida State University College of Law as Florida’s #1 law school, at 45th best nationally. Our closest Florida competitor was the University of Florida Levin College of Law, which it ranked at 49th best nationally. Thanks. Don
Donald J. Weidner
Dean and Alumni Centennial Professor
Florida State University College of Law
Undefeated football team, top-ranked law school in Florida, Chief Osceola seems to be leading the University of Florida on a trail of tears.
Congrats to FSU. Now, let’s get to the sad-faced deans….
Ed note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Ann K. Levine, a law school admission consultant and owner of LawSchoolExpert.com, offers helpful tips for law school applicants.
Law schools have been increasing their scholarship opportunities in order to lure applicants. Why? Because law school applicants are in demand. Applications are down yet again, and law schools are scrambling to fill their seats. (See TaxProf Blog for exact numbers and trends, year over year.)
As law schools compete for qualified applicants with better scholarships, it may be easier to consider criteria like debt alongside rank and prestige when choosing a law school. As part of this new trend, law schools are adding on scholarship programs to make attending law school more affordable. Villanova Law recently announced an initiative to add 50 full-tuition scholarships for three years, and in-state students at Penn State are being offered $20,000 per year as part of a new scholarship program.
We’ve written before about the ridiculous National Jurist Best Law School Rankings. Many law bloggers have written about this list that looks like it was put together by getting the Sorting Hat drunk on goblets of fire water and forcing it to name law schools until it passed out.
We’ve all tried to reason with the National Jurist, but it turns out that effort was not unlike trying to convince an infant not to poop while you’re eating. We’d have been better off just ignoring it and cleaning it up later.
The publication came out with an “edit” yesterday, and while its revisions did a good job of highlighting how stupid these rankings were in the first place, I’m compelled to write about them just so nobody is fooled into thinking their “updates” have actually fixed anything….
Law school is a good idea if you are incapable of doing basic math.
I feel like we could probably do a weekly feature entitled “It’s A Trap” that just focuses on which poor argument for going to law school somebody hopes 22-year-olds will fall for.
This week, we need to do a mash-up because all the stories about the dearth of law school applications have caused some deans to go out and say just the most ridiculous things online.
Just to make sure that a “counter-argument” comes up when uninformed prospective law students do Google searches for these schools, let’s take a whack at the latest, most absurd things to come out of a law school dean’s mouth, this time focusing on some smaller schools that not a lot of people have heard of….
* All the Republicans claiming their flagrantly sexist, diabolically anachronistic comments were simply “misinterpreted” need to stop misinterpreting the word “misinterpret.” [The Fix / Washington Post]
* This new fashion blog is so offensive and it violates your privacy and it’s bad for America and I’m totally going to start reading it. [Not-So Private Parts / Forbes]
* This man’s lawsuit claims Justin Bieber stole his credit card and used it to buy a penis enlargement, among several other weird purchases. No, ATLCommentBot, I am not the plaintiff in this case. Sorry to disappoint. [Consumerist]
* A Seton Hall University Law School student saved an elderly woman’s life in dramatic fashion. Well done, sir. [Jersey Journal]
Earlier this week, we brought you some news about an “excellent position” that a tipster found on Boston College Law School’s Symplicity site. As a quick refresher, BC Law touts a median starting salary of $160,000 for graduates in the class of 2010 who entered into private practice. This job… doesn’t come anywhere close to that number.
The position in question promised benefits such as malpractice insurance, health insurance, a clothing allowance, and an MBTA pass, but the starting salary was only $10,000. The MBTA pass must’ve been thrown in as a housing benefit, because the firm had to have known that on a salary that’s below minimum wage, their new associate would be forced to live in the Boston subway system.
As we noted in Morning Docket, one of the firm’s hiring partners has now spoken out about the job, and a spokesman from Boston College Law has come to the school’s defense, too. Let’s take a look at some of their bullsh*t explanations rationales for posting this “excellent position”….
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.