This week, while taking a break from my favorite pastime — hanging out with strippers and snorting coke with federal judges — I attended the Masters Conference in Washington, DC. For those of you who aren’t familiar with this conference, it has carved out a significant niche for itself in the e-discovery universe. The Masters Conference is a gathering of legal technology thought leaders from all over the world, who come together every year at this time to talk about all things e-discovery. The yearly meeting was the brainchild of entrepreneur extraordinaire Robert Childress, president of Wave Software.
After attending last year’s Masters Conference, I thought I knew what to expect again this year: a small meeting (certainly not on the level of a LegalTech or an ILTA Annual Meeting), with the usual suspects, and similar — if not the same — topics of discussion.
Well, what a difference a year makes! The Masters Conference may only be in its fifth year of existence, but it seems to have just had its coming-out party. I’ll give you my three takeaways, after the jump…
Running for president-elect of the DC Bar means they are running for president as well, because the president-elect automatically ascends to the presidency after a year. This leadership structure is very common in most bar associations, including the ABA.
I thought this would be valuable for ATL, since many attorneys who read this blog are DC-licensed, regardless of whether they reside in the DC area. Many others are eligible to waive into DC, if they are already licensed in another state or jurisdiction. The process is pretty simple. In order to waive into the DC Bar, one has to do the following:
Score at least a 133 on the multistate portion of the of the bar exam;
Fill out a lengthy bar application, which you can do online;
Not kill anyone; and, most importantly,
Pay all applicable fees.
By all indications, this race is anything but a knock-down, drag-out fight. Bush v. Gore this is not. However, it’s what they agree on that’s very telling about the direction the DC Bar will go. It seems the Bar is well on its way to embracing the ways of the World Wide Web…
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: email@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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