Debt
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Glenn Reynolds, Law Professors, Law Schools, Quote of the Day, Student Loans, Videos, YouTube
Quote of the Day: The Broken Economics of Legal Education
How can we fix the broken model of law school economics? Professor Brian Tamanaha has some ideas. -
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dewey Ballantine, Dissolution, JPMorgan Chase, King & Spalding, Kramer Levin, Lateral Moves, LeBoeuf Lamb, Money, Partner Issues, Partner Profits
Dewey Partners Get Any Capital Back? Good Luck With That!(Plus more partner moves, including Ralph Ferrara.)
What will happen to the capital contributions of former Dewey partners? And on that subject, who are the latest defectors, and where are they going? - Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get… -
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dewey Ballantine, LeBoeuf Lamb, Money, Partner Issues
Dewey Have Plans To File for Bankruptcy? Sources Say Yes
Dewey have plans to file for bankruptcy? Apparently so, sources say.
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Bankruptcy, Biglaw, Dewey & LeBoeuf, Dewey Ballantine, Dissolution, Law Firm Mergers, LeBoeuf Lamb, Money, Partner Issues, Reader Polls
Gone Dewey Gone: ATL Readers Dish the Blame
Who is at fault for the Dewey debacle? Above the Law readers speak out. -
Quote of the Day, Student Loans
Quote of the Day: The House That Debt Built (And Then Destroyed)
Law school debt is kind of like buying a house with a mortgage, burning the house down, and then continuing to pay the mortgage… -
5th Circuit, 9/11, Abortion, Biglaw, Dewey & LeBoeuf, Food, Law Schools, Morning Docket, Prostitution, SCOTUS, Sex, Sex Scandals, Student Loans, Supreme Court, Texas
Morning Docket: 05.07.12
* While Dewey’s former culture gets roasted on a spit, and the seemingly unending drama gets turned into a montage of living lawyer jokes, we’re still waiting for the final punchline. [New York Times; Wall Street Journal]
* Don Verrilli tried so hard, and got so far (depending on who you ask), but in the end, it doesn’t even matter. When Linkin Park lyrics apply to your oral argument skills, you know you’re kind of screwed. [New York Times]
* The 9/11 arraignments went off without a hitch this weekend. And by that, we mean that it was a 13 hour hearing filled multiple interruptions, and grandstanding about “appropriate” courtroom fashion. [Fox News]
* In a “re-re-reversal,” Judge Jerry Smith, on a three-judge panel of the Fifth Circuit, reinstated Planned Parenthood’s injunction against Texas, without even so much as a homework assignment. [Dallas Observer]
* The It Gets Worse Project: if you thought that the Law School Transparency debt figures were scary before, then take a look at them now. Six figures of debt just got a lot harder to swallow. [National Law Journal]
* Scalia gets busted on a case of hot-dog hooking. No, not that Scalia. A woman from Long Island has been accused, for the second time, of selling swallowing foot-longs in the back of her food truck. [New York Post]
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Art, Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, ERISA, Food, Health Care / Medicine, Holland & Knight, JPMorgan Chase, Lateral Moves, Money, Musical Chairs, Partner Issues
Dewey Know What's Going To Happen Next? Lawyers and Staff Face Uncertain Future
What is the latest news and rumor about Dewey & LeBoeuf? Not good, for starters.... -
Bankruptcy, Biglaw, Citigroup, Dewey & LeBoeuf, Dissolution, JPMorgan Chase, Law Firm Mergers, Money, Partner Issues
Dewey Have Good News To Report? Quite Possibly
LeBoeuf is not yet done. What's the good news cooking over at Dewey & LeBoeuf? - Sponsored
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
Law Schools, Money, Student Loans, Unemployment
Dear Abby: My Kid's Law School Loans Are Ruining My Life
We’ve discussed the dangers of incurring student loan debt time and time again throughout these pages, but it seems that people still don’t get it. They’ve chosen to go to Dear Abby for the answers…. -
American Bar Association / ABA, Cars, Disasters / Emergencies, Immigration, Law Schools, Morning Docket, New Jersey, New York Times, Police, SCOTUS, Student Loans, Supreme Court, Wal-Mart
Morning Docket: 04.25.12
* Arizona’s immigration law is heading to the Supreme Court today. Meanwhile, former Senator Dennis DeConcini lobbed the worst insult ever against his state. How embarrassing for you, Arizona. [New York Times]
* Will Wal-Mart regret not disclosing its bribery investigation sooner? Not when the delay saved millions in criminal fines. What Wal-Mart will regret is being forced into disclosure by the NYT narcs. [Corporate Counsel]
* Delete all the oil from ocean, and then maybe we’ll care about this. A former BP employee was charged with obstruction of justice for deleting texts having to do with the Deepwater Horizon disaster. [Bloomberg]
* The Tennessee Board of Law Examiners has granted Duncan Law an extension on its bid for ABA accreditation. Woohoo, five more years of allowing students to “negligently enroll.” [Knoxville News Sentinel]
* “Once you cross the six-figure mark, you think, what’s a few thousand dollars more?” You’re doing it wrong: you’re supposed to be bragging about a six-figure salary, not a six-figure debt obligation. [Baltimore Sun]
* New Jersey residents don’t always have the great pleasure of nearly being killed by two high-speed Lamborghinis, but when they do, they prefer that police officers be suspended and sue over it. [ABC News]
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Money, Prisons, Student Loans
The Return of Debtor's Prison? Only for Those Who Can't Make a Court Appearance
There are no debtor's prisons, never forget that... -
Biglaw, Dewey & LeBoeuf, Dewey Ballantine, Lateral Moves, Law Firm Mergers, LeBoeuf Lamb, Money, Partner Issues, Reader Polls
Legacy Dewey Ballantine and Legacy LeBoeuf Lamb: Choose Your Weapon
Who is to blame for the troubles currently afflicting Dewey & LeBoeuf? There's a whole lot of finger-pointing going on between legacy Dewey and legacy LeBoeuf lawyers. -
Deaths, Football, Law Schools, LLMs, Morning Docket, Student Loans, Twittering, U.S. News
Morning Docket: 03.23.12
* Joe Amendola has filed a motion to dismiss the child sex abuse charges against his client, Jerry Sandusky. And if he actually thinks that’s going to happen, then he definitely needs to call 1-800-REALITY. [Associated Press]
* @AllenStanford’s motion for a #newtrial has been denied. The Ponzi schemer’s “conviction by journo tweet” argument has failed. Major props to Judge David Hittner for issuing a ruling in less than 140 characters. [Bloomberg]
* Everyone’s obsessed with the U.S. News law school rankings, but here’s a ranking that people should actually be paying attention to: the law schools that lead to the most debt. [The Short List / U.S. News and World Report]
* This defunct firm’s homeless Halloween party just won’t be as fun this year. Steven J. Baum P.C. has to fork over $4M to settle a probe over its alleged foreclosure abuses. [Thomson Reuters News & Insight]
* St. John’s Law is planning to launch two new LL.M. programs, neither of which is in tax. This is newsworthy because people will apply anyway, and then bitch about the “value” of their degree. [National Law Journal]
* John Payton, President and Director-Counsel of the NAACP Legal Defense Fund, RIP. [NAACP LDF]
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Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
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Bankruptcy, Law Professors, Law Schools, Money, Student Loans, Television, Videos, YouTube
Lawyers & Economics: Student Debt
Welcome to the latest installment of Lawyers & Economics, our occasional video series on financial topics by Professor William Birdthistle of Chicago-Kent College of Law. Today's topic isn't going away anytime soon. If you have -- or are thinking of taking on -- student loans, keep reading.... -
Law Schools, Public Interest, Student Loans
Yale Law School Makes It Slightly Harder to Get Loan Forgiveness
Yale is making a slight change to its low-income loan forgiveness program, and it’s going to make it a little harder for people who leave Yale Law School and take low-paying jobs. Now, this isn’t anything to yell and scream about. Yale is still committed to making loan repayment feasible for people who don’t take […] -
Bankruptcy, Law Schools, Money, Student Loans
Not Even Bankruptcy Will Make Your Student Loans Go Away
More and more law school graduates are trying to seek bankruptcy protection from their mountains of student loan debt. Now, we know that reading comprehension is tested on the LSAT, but apparently, once students complete the law school entrance exam, that skill goes right out the window. How do we know? Because law school graduates, who freely signed up for student loans as law students, are now trying to shirk their repayment responsibilities.... -
Job Searches, Law Schools, Student Loans
If Lawsuits Fail, Unemployed Law Students Still Have the Self-Immolation Option
As you know, some people have taken to suing law schools because despite the education and expense, they find themselves unemployed. Suing people is such an American way of handling a problem. “Wahhh, your system took advantage of me and thousands like me. I’m angry. I’m gonna sue you, and even if I lose, it’ll […] -
4th Circuit, ACLU, Akin Gump, Biglaw, Career Alternatives, Crowell & Moring, Drugs, Elena Kagan, Health Care / Medicine, Morning Docket, SCOTUS, Solo Practitioners, Supreme Court, Torture, Wall Street
Morning Docket: 01.24.12
* First the Jones verdict, then the Fourth Circuit affirmed the dismissal of Jose Padilla’s torture lawsuit. It’s enough to make ACLUers develop bipolar disorder. [Washington Post] * Release the Kagan! The Supreme Court rejected Freedom Watch’s motion for time to argue that Justice Elena Kagan should recuse herself from the Obamacare case. [CNN] * […]
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Career Alternatives, Job Searches, Law Schools, Student Loans
What 'Can't' You Do With a Law Degree?
There's a really funny post up on Constitutional Daily, in which the protagonist -- who holds a J.D. from NYU Law and was laid off from Biglaw during the recession -- recounts his inability to secure a job at Target. It got us thinking of that other great lie that law schools tell incoming law students: "Yada yada, you can do anything with a law degree... also, I'd like to interest you in partial ownership of the Brooklyn Bridge." But many J.D. holders have found out the hard way that holding a law degree only opens doors to "law" jobs. They aren't degrees of general utility. If anything, they close more doors than they open.... -
American Bar Association / ABA, Law Schools, Student Loans
Law School Professionals Want Bill Robinson to Put a Sock in It
When the story about the head of the ABA's tactless remarks broke, Elie had the good fortune of being in Washington, D.C., at the annual conference of the Association of American Law Schools. Law school professionals -- the people who have to deal with the perception of general ABA incompetence on a day-to-day basis -- were not at all happy with William Robinson's comments....