Ed note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Rob Jordan gives advice to attorneys on how to best position themselves to clarify or confirm their career path.
“Better to be at the bottom of a ladder you want to climb than in the middle of some ladder you don’t, right?” — Dave Eggers, The Circle (affiliate link)
Everyday, many lawyers sit unhappily in their offices with little clarity about their professional futures. I know: I was one of them.
Today, the continued weakness and real-time evolution of the business of law merely compounds the uncertainty. In this environment, it is critical that lawyers regularly perform self-reviews to assess contentment and career trajectory.
These reviews will obviously be very personal. Some lawyers may simply conclude that their unease stems from the plain practice of law; that their law degree is a sunk cost; and that every day spent practicing law rather than pursuing a career acting, rapping, or starting a company is opportunity cost. Others, however, may not be fortunate enough to arrive at such a definitive conclusion; rather, they may be stuck in a state of inertia, unclear whether they like or want to continue to practice law.
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!
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: