Ed. note: This is the latest post in our series of ATL infographics — visual representations of our own proprietary data, relevant third-party data, “anecdata,” or just plain jokes.
We know that law school applications are down, but how are the rest of the numbers looking for the class of 2016? Which schools experienced the most dramatic shrinkage in class size? How have LSAT scores and GPAs changed for the T14 vs. the T100? Which schools defied the downward spiral and actually experienced an increase in class size?
“You are not just individuals. You are the Michigan Law School Class of 2016, and you will always be a member of that class. And it’s not just a class: It’s an idea, a tradition, a tie to something greater than you.”
— Mark West, the new dean of the University of Michigan Law School
You can learn a lot about a law school by how they greet their incoming students. The famous Paper Chase quote — “Look to your left, look to your right, because one of you won’t be here by the end of the year” — pretty much tells you all you need to know about Harvard Law School, or at least how it would like to see itself. If Dean West’s prodigious statements appeal to you, Michigan Law might be more your cup of tea. West continued: “You are not here to get your degree, and not simply to learn to ‘think like a lawyer’ or even merely to learn how to be a lawyer. You are here — at Michigan — to develop a lifelong association with all that is here. There will never be another time like this for you.”
Conquering heroes all, no doubt. Champions of the West.
Other law schools don’t take themselves nearly so seriously, but they all think their entering class of 2016 is pretty special. And they are. These are the kids who decided to go to law school when, historically speaking, everybody told them it was a bad idea. The class of 2016 is either the most motivated in history or the people most resistant to information and statistics in a generation.
Let’s look at how their own law schools describe them….
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: