Today we’ll give you a double dose of Dewey. This morning we published an eloquent email from a Dewey paralegal, which looked at the story from a human-interest perspective. Now we shall return to the business aspects of the crisis.
Thus far, the story of Dewey & LeBoeuf has been told primarily from the perspective of lawyers. On the whole, the coverage has been quite partner-focused, centered on which partners are defecting to which rival law firms. There has been somediscussion, but not a huge amount, of the plight of associates.
There has been even less discussion of the support staff. But if Dewey goes under, staffers will also lose their jobs. And in this day and age of law firms slashing staff, secretaries and paralegals may have a harder time finding new positions than attorneys.
Here is one paralegal’s perspective on what’s going on at D&L….
As I’ve said before, our criticism of law school does not spring from malice. Rather, we want people to make an informed decision about whether to invest three (or more) years of time, and $100,000 (or more) in money, in pursuit of a law degree.
In today’s post, we’d like to talk about the other side of the coin: law school success stories. Let’s hear from people who went to law school and have no regrets — or even view going to law school as the best decision they ever made. Perhaps you might be one of them?
We’ll prime the pump with a few law school success stories, to get the conversation going….
There’s really no better expression of how law school can be a horrible financial decision than the story of a J.D. holder on welfare.
Usually, those stories involve a person who is mentally challenged in some way, or somebody who developed a hardcore drug or alcohol problem. A law degree obviously cannot protect you from all of life’s atrocities.
But the thought is that a practicing attorney of sound mind and body can earn enough to stay off of public assistance.
Or should I say “myth.” Law schools are very interested in taking your money, but they’re less interested in helping you find a job at the end of your journey.
Here’s one graduate’s sad, sad story. The only thing he did wrong was go to law school. Now, he’s qualified for food stamps….
A visit to my office has evolved into something akin to the road to Lourdes. Pilgrims arrive red-eyed and defeated, faces etched with misery, searching for a way out of a trap.
The standard story is some variant of the following: You are either out of work or loathe your work. You have $180k in loans. You have either no income or an impermanent income paid to you in exchange for any joy life might offer. You see no hope.
Let me spell out the critical element here: You are one hundred and eighty thousand dollars in debt.
Just to fully drive the point home: that’s bankruptcy-proof debt.
You’ve yelled at your parents, but it’s not really their fault. You’ve wept and wailed and gotten drunk and stoned and consumed a scrip of Xanax. You’ve tried sleeping and pretending you don’t have to wake up.
Then comes the pilgrimage. Perhaps I can heal with a laying on of hands….
Georgetown University Law Center (known for its great gym).
I feel very fortunate to have had an idea of what I wanted to do from such a young age, and even more fortunate that it involved graduate school. What can you do with a bachelor’s degree anymore? I’m hoping that the job market will pick up in the three years I spend at law school, because a lot of lawyers are getting laid off. The American Bar Association is even encouraging college students not to apply to law school, citing the bleak job market.
On the Philadelphia Craigslist, there is a job listing for people who enjoy pissing all over the 99% — a part-time job for a most likely unemployed person who nonetheless loves the people in power and hates everybody else. Oh, and applicants better have not protested against the Iraq war, because apparently this employer loves people who never question authority.
See, this is why we still have to pay attention to Super Tuesday despite the fact that the Republicans are down to a robot and a guy who hates women. Republicans always have a puncher’s chance because there are so many people in this country right now who are unemployed and willing to take part-time crap work, who still believe that someday — magically — they will end up on top.
It’s much easier to sing to these American idiots about the dream of prosperity than to tell people the truth: statistically speaking, you’re more likely to be struck by lightning that to go from the mailroom to the boardroom.
But, since I suspect at least 50% of the unemployed people out there don’t understand how the system works, let me post the job. Have fun with your self-loathing….
When I was a kid, I thought only white people had to worry about being thirty-something.
I’m back. I got sick, again, with pretty much the same kind of acute sinus infection as I had the last time. It’s the second time in six months some stupid illness has completely floored me by making it hard to see and think — I definitely need at least one of those faculties to do my job.
Last time, when I got back, I was just happy to be alive and looking for somebody to blame. This time, I’m depressed. It’s probably because I was sitting the doctor’s office, and I was whining and in incredible pain and petulantly demanding answers as to why I’m having all these health problems and the guy says to me: “Well, you are getting old.”
I’m not the only one. And it occurs to me that, once again, I’m in much better shape for this new phase of consequences than I would be if I was still at a Biglaw firm. Because while I need to refine and hone my skills in my mid and late thirties, associates at top law firms need to gun it. They need to take their suddenly aging bodies and turn every morsel of ATP into billable hours if they want to make partner. And they need to do it now….
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 seven years. You can reach them by email: email@example.com.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.