Meet Ludo. A graduate of a top-50 law school now living in Chicago, Ludo was no-offered after his stint as a summer associate in Biglaw. Unable to to find employment with this black mark on his record, Ludo was forced to take a job in retail, losing his last shred of dignity in the process. But Ludo’s job selling cologne hasn’t completely taken him off the legal market. As Ludo shares on his blog, his coworkers pepper him with questions about “peoples law” (in other words, the stuff you don’t learn in law school or practice at Biglaw) — like how to beat a traffic ticket, or whether a hospital can turn an uninsured patient away at an emergency room. But instead of offering up answers, Ludo simply shrugs off questions, explaining that “he didn’t learn anything practical in law school.”
Meanwhile, eight hundred miles east of the Chicago department store where Ludo works, meet Lou Cambria. Lou’s a Philadelphia solo who typically represents small-business clients and individuals who need help writing wills. But on weekends, you won’t find Lou in the office….
It’s absolutely detrimental. It was brought up in almost every interview I had after that. No one came right out and said I was rejected because of it, but you definitely get the sense that you are seen as damaged goods. A lot of the people I know who got no offered have been able to rebound from it, but they have all struggled. And that’s not even getting in to the psychological damage.
Some guy on Twitter was complaining that Above the Law focuses too much on the negative side of going to law school. Apparently this person mistakes us for a law school admissions office — people who ignore facts when they don’t fit their happy-clappy narrative. We do bring you some law school success stories when we hear of good ones. Do you know why those stories are “news”? Because law schools are so effective at leading people down a path of career frustration and financial ruin that when somebody beats the odds, it’s mildly noteworthy.
Law school is a good investment for some, and a terrible one for many. We say that all the time. The problem is that law schools do not give people enough information to assess whether or not they should go. The problem is that some law schools actively mislead people who are trying to make a sound decision. The problem is that even when law school “works out,” the tuition charged often vastly outstrips the value of the degree.
Sure, some people will succeed despite the high cost, misleading information, and weak job market. Law schools want you to think that those successful people are the norm, but really they are the outliers. (And, given the events of today, I guess I have to say that the folks who contemplate suicide are also outliers.)
This guy who recently bared his underachieving soul to Business Insider is the norm. This guy making $45,000 while carrying $200,000 of law school debt has the kind of life law students should prepare themselves for, regardless of what the admissions brochures and the guy on Twitter who made everything work out will tell you….
I really hope this Craigslist post can be filed under “ridiculous hyperbole” as opposed to “true story.”
A person has placed an ad on the Los Angeles Craigslist board with the subject line: “I will literally kill myself if I don’t have a job by New Year’s.” The lawyer then goes on to explain his professional experience and to express his willingness to do anything that carries with it a salary or hourly wage.
I’m not at all sure that threatening extreme action is the best way to secure a position as a trusted advisor capable of exercising discretion under pressure. And I think that history has shown that things like hunger strikes are more effective at engendering sympathy than straight-up threats of self-martyrdom.
But it is a tough market out there, and I suppose this is one way to get at least a few employers to give you a second look….
… because you’ll find a sad man crying himself to sleep.
Here we are on the eve of Thanksgiving, and it is traditional to publicly spew all of the things we are thankful for ad nauseam. Fine. Despite the horror of not yet knowing the exact bonus benchmark that “elite” firms will set for themselves this year, I am sure there is something for which I am thankful. Well, I am on a large project that seems like it will last through the end of the year. That is pretty much the best a contract attorney can hope for — especially in a week where we will miss out on two days of work (you call it a holiday, I call it forced budgeting).
This weekly column has really been about the nature of the worst legal job, and the underlying message is that it can be a sad existence. I am not saying this to garner sympathy — let’s face it, anyone who decided to go to law school probably isn’t a great candidate for sympathy — but rather to describe reality. Packed into a room of people who were positive, in the not too distant past, that they were better than the life they are currently living can be disheartening. We’ve focused a lot on the dollar amount associated with being a contractor, and the actual tasks you might do, but what is life really like for the legal underground?
You won’t believe the extremes one West Coaster is going to for an hourly wage…
I saw the best minds of my generation destroyed by madness, starving hysterical naked.
Howl expresses the rage of a lost generation struggling against a conformist and materialistic culture that drives its rejects to poverty, drugs, mental breakdown, and whatever mental condition leads someone to believe that “Baltimore gleamed in supernatural ecstasy.”
Craigslist provides us with a screed that resembles a latter-day Howl for attorneys. A free-form scream to the heavens — fittingly recast as the Internet — for an escape from the landscape of joblessness and debt that dominate the existence of young lawyers. A haunting vision into the soul of a lawyer who has crossed the mental breaking point and, in the author’s words, “given up hope.” A chilling account of the unemployed attorney as beggar asking not just for money, but masochistic abuse from others just to regain dignity.
Mostly it’s a rant that cuts through all the B.S. of every other job posting on Craigslist….
Let’s not mince words: Patton Boggs is stuck in the muck. In the most recent Am Law 100 rankings, the firm showed a 15 percent decline in profits per partner — one of the biggest dips in the entire survey, contrasting with the modest growth that most of Biglaw enjoyed. Gross revenue also fell, by 6.5 percent.
The Am Law 100 rankings looked at 2012 performance compared to 2011 performance. Perhaps things have improved for Patton Boggs in 2013?
Alas, no. While many firms have resorted to voluntary buyouts or layoffs of support staff this year, few have laid off lawyers (at least not openly). But Patton Boggs has already been through two significant, open and notorious rounds of layoffs in 2013 to date, affecting not just staff but lawyers as well.
How is Patton Boggs trying to save itself, and will its plan work?
As we’ve repeated countless times in these pages, Biglaw isn’t what it used to be, and good luck to you if you happen to be a partner. Sure, you’ve grabbed that brass ring, but you also have what could be described as “the worst job in Biglaw.” Here in the new normal, where layoffs and de-equitizations abound, despite increases in firm profits, many partners now have the same fears as associates.
So what happens when partners are pushed out of the law firms they once loved? Now we know, thanks to the results of a a new survey. You won’t believe how messy these bad romances can get…
Regular readers of Above the Law are well aware of the bimodal salary distribution curve of starting salaries for new lawyers. Lawyers understand why the curve looks the way it does: there are a few “elite” firms that essentially engage in salary collusion at the very top (don’t everybody start thanking Above the Law at once), while most lawyers will struggle to find a job in the $40K – $60K range.
When non-lawyers see this curve, they are surprised. The curve popped up on Mother Jones the other day, and author Kevin Drum called the $160K spike “pretty weird.” Then the commenters on his post — actually HELPFUL commenters who managed to weigh in without personal attacks on the author — explained to Drum why it was so.
But that’s kind of the problem: people only become aware of the bimodal salary distribution curve after they’ve been to law school (and done things like become a regular reader of Above the Law). They don’t get the information before they commit to law school, when the information could be useful. In a world without time machines, hindsight is blind.
Still, even people who have already committed to their dread fate can benefit from an understanding of history. Do you know what the salary distribution curve looked like in 1991, during the last “great” lawyer recession? Do you think the people who are charging you money to go to law school have seen it?
I recently started a new project (yay money). It was accompanied by all the usual strum und drang — the seating chart, the log-ins, the deadline — typical but annoying stuff. I noticed that a buddy of mine was there. Well, at least it was someone I’d been on reviews with before who was distinctly not weird. When you’ve been on multiple projects with the same agency or vendor you start assembling a cast of “regulars,” and these people can be your lifeline during arduous projects. We start to reminisce about past projects like old war buddies and it strikes me.
I’ve been doing this too long.
Not just in a “what am I doing with my life” existential crisis kind of a way, but for at least the foreseeable future this IS my life. Like anyone in any position for a bunch of years I’ve amassed tips and tricks to get through the day, and can predict the general course of a project. So in celebration of the stalled nature of what I, laughingly, call my career, I present the 7 signs you’ve been doing document review too long…
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…
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 protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.