After graduating from college, I had a job interview with Mars. The interviewer asked me, “If you could be a candy bar, which one would you be and why?” I was not prepared for such a difficult question. First, I had to try to recall which candy bars were manufactured by Mars. Second, deciding which candy bar was my favorite was like choosing a favorite child. After a little thought, I responded, “I would be a Twix bar because there are two of them.” In addition to making no sense, my answer revealed a personality flaw that is best not disclosed up front: I am indecisive. And I guess I have a split personality? Unsurprisingly, I did not get the job.
There are a few other issues, beyond choosing my favorite candy bar, that I have difficulty resolving. The issue du jour is whether or not it is worth getting more education to get a (better) job. And I am not just talking about a J.D., I am talking about the Small Business LLM from Concord Law School.
Concord Law School launched its Small Business LLM program in the fall of 2010. Designed to be completed part-time online in two years, the program offers hands-on practical education to equip practitioners or recent law grads with the skills needed to serve small business clients. Tuition is $600 per credit hour, or $14,400 for the program. While Concord does not offer scholarships, there are opportunities for students to obtain outside financial aid and private loans.
I like pictures. They’re easy. They say a thousand words. And I think they’re more effective at getting a point across to millennials than long screeds full of facts, information, and data. I mean, some of these kids have the attention span of fruit flies. Putting information in pictorial form might help.
Today, we have a great infographic that explains the student loan “racket.” Government secured loans, collection agency premiums, non-dischargable debts through bankruptcy — this graphic has everything.
The opening paragraph says it all:
Student loan debt, now at $830 billion, has surpassed credit card debt—a statement not likely to have been heard 20 years ago. Student loans, unlike any other form of debt, CANNOT be forgiven via bankruptcy—these loans MUST be repaid. Is this the next bubble to burst?
This should be a feel good story. Kymberly Wimberly, a young, teenage mother, overcomes adversity (and a horrendously spelled name) to become valedictorian of her high school near Little Rock, Arkansas. She is congratulated and set out as an example to other students, before continuing on her successful journey.
And if Kymberly Wimberly were white, maybe that would be the story coming to a Lifetime special near you. But Wimberly is black, and this is the internet. According to a lawsuit filed by Wimberly’s mother, Molly Bratton, the principal of McGehee Secondary School wanted to avoid the “big mess” that would have ensued if Wimberly had been named sole valedictorian, to be applauded at graduation by McGehee’s majority-white parents. Bratton claims that this is just the latest in a pattern of discrimination against black students at the majority-white school.
Thanks to the internet, I think Principal Darrell Thompson is about to learn a whole new definition for “big mess”….
How far are we from getting real answers about the value proposition of going to law school? Pretty far, if you read the New York Times Week in Review. An article by Jacques Steinberg illustrates that researchers don’t even really know if receiving an elite undergraduate education is worth the price.
The Times asks: Is going to an elite college worth the cost? And it comes up with this answer: “It depends.” Thanks NYT. Is mainstream, old media publishing dying a slow death? It depends on how many people want to read articles like this on their Kindles.
Oh, I kid, Grey Lady. It’s not particularly satisfying, but the article provides support for believing whatever it is you believed before you read the article. Do you think that going to the most prestigious school that will accept you is the better long-term choice for your career? Great, you’re right. Do you think that, depending on your family situation, going to a cheaper state school is the right choice for you? Great, right again. Do you think that successful people will succeed? Awesome! The Times likes circles too.
Yay, everybody made the right decision. And since most of the research was done on people who made college choices ten years ago, the ridiculous inflation in the cost of education only makes it more obvious that people should do the right thing — whatever the hell that might be….
I wanted to wait until I calmed down before I posted on it, but it doesn’t look like that is going to happen. So I broke into the Bronx Zoo this morning and stole some elephant tranquilizers. I’m going to shoot up and finish this post, now.
Here’s seemingly every affirmative action conversation I’ve had since I started working at Above the Law:
PLEBES: Affirmative action is racist — reverse-racist. It lets an under-qualified minority get into a school I deserved to get into, just because of their skin color! And why? Because 100 years ago things were tough for blacks? Not fair! [Some quote from Justice Roberts I'll care about the minute I care about what an aging white man thinks about racial harmony in America.]
ELIE: Actually, affirmative action can be justified by simply pointing out that diversity of thought and experience is essential when it comes to educating people.
PLEBES: It should be about merit! [Quotes standardized test statistics as if the LSAT is both objective and a standard of merit.] If you get a higher score on a test, you should get in over someone who gets a lower score. That’s merit!
ELIE: But we know that universities look at all sorts of things when considering applicants. They look at whether you have any other talents like sports or music. They look at legacy status…
PLEBES: [Foaming at the mouth now] Legacies are an ENTIRELY DIFFERENT THING. We’re talking about discrimination based on RACE. That’s ILLEGAL!
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 (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), 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.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.