I previously wrote about the depressing prospects for graduates of all but the top ten or twenty law schools (“Two Law Grad Markets”). And yes, these were statistical generalizations, and the experience of specific individuals with particular skills and backgrounds will always be different, pro and con. But as an industry, if you care about our supply chain for talent, many law schools are burning platforms.
There are actually some closely connected problems driving this dynamic:
More JDs are being turned out each year than there are (a) full-time, (b) long-term jobs, (c) requiring bar passage, (d) at current salary levels;
perhaps the primary reason for the mismatch between supply of JDs and current demand for them (about two supplied for every one today’s market is demanding) is that clients increasingly resist paying for junior associates, which makes it uneconomic for firms to invest in traditional training;
but/and at the same time, every sentient observer is painfully aware that vast segments of the U.S. population — consumers and businesses alike — remain underserved by lawyers.
This would prompt any economist to ask, almost instinctively, “Why isn’t there a market-clearing price where supply and demand can meet?” Which is another way of asking, “What if there were a way to address both these problems at a single stroke?”
It’s almost mid-March, and you know what that means: broke law students are starting to freak out about the costs associated with their upcoming commencement ceremonies.
Most of them have already forked over six figures of government Monopoly money to their law schools, so why on earth are they so concerned about the cost of renting their caps and gowns for graduation?
To be honest, the loan money is starting to run out. While some schools have reasonable rental options (in the $50-$70 range), other schools are foisting very expensive graduation gear upon their graduates in some sort of a “gouge ‘em before they go” cash grab.
But how much is too much when it comes to one-day rental prices? Students at one top-tier law school have described what they’re expected to pay as jaw-droppingly “insane”…
Have you ever wondered how nerdy libertarian types get married? (No? Just us?) Depending on your jurisprudential leanings, you’ll be either moved, amused, or emotionally scarred by this wedding ceremony, which took place on the roof of the Cato Institute earlier this summer. Here’s the video. It gets a little weird when the groom whips out his pocket Constitution — he calls it “my Bible” — and vows to “faithfully execute the office of your husband.” (But keep watching for the bride’s vows, which are sweet and heartfelt.)
Another fun (non-lawyer) wedding write-up is this one, featuring the great-granddaughter of Maria and Captain Georg von Trapp, of The Sound of Music fame.
And now for our latest legal-eagle newlywed contestants:
A fair number of lawyers or law school graduates work in creative fields. Over the years, “recovering lawyers” have worked as writers, actors, and even painters (such as Henri Matisse and Wassily Kandinsky).
But you won’t find many lawyers who are rock stars — and I’m not talking about tax or securities law “rock stars,” but actual, literal rock stars. The free-association creativity needed to make music goes against the inside-the-box thinking prized in the legal profession. Music also involves math, and we all know that lawyers — even lawyers for the IRS — are “not good at math.”
There are, however, exceptions to every rule. A few folks with legal training have entered the music world — including Julio Iglesias, Rubén Blades, and today’s “stealth lawyer,” an attorney turned rock star….
As law students gear up for finals, it’s finally time for us to grade the videos we received for our Fifth Annual Law Revue Video Contest.
As usual, we’ll start with the dishonorable mentions. We like setting the bar low so that when you see our finalists later this week, you can see how far they rose above the rest. Our dishonorable mentions weren’t necessarily the worst videos that were submitted; instead, they were bad in a somewhat interesting and cringe-worthy way. Their badness lent itself to discussion and analysis.
Still, we want to thank everybody who took the time to produce and submit a video. Even the bad ones were good for the ATL editorial team and the community. The trauma brings us closer together….
This is the fourth in a series of posts looking at how law schools in specific markets stack up based on the results of our ATL Insider Survey. As we’ve often noted, very few law schools are truly national institutions. Typically, the majority of graduates don’t stray too far from their alma maters, so the strongest network will be local, for local jobs. It’s to your advantage to go to school where you want to practice, sometimes even more so than going to a higher-ranked school.
In recent weeks, we’ve looked at our survey results pertaining to Chicago, Boston, and New York-area law schools. We examined how current law students rate their schools in terms of academics, career counseling, financial aid advising, practical/clinical training, and social life.
Today, we turn to our broadest geographic region yet: the South (the Carolinas, Tennessee, Alabama, Mississippi, Georgia, Virginia, Florida, and Louisiana). Read on to see how schools in the region compare….
Sock-Puppets are a scourge of our time. How annoying does a person have to be create a fake, online persona specifically for the purpose of touting their own real life views?
We usually think of the most annoying commenter creating a fake persona, or “sock puppet,” to promote their “real” online persona. Occasionally, oversensitive journalists or bloggers will create an internet identity for the express purpose of pimping their articles on social media.
But today we’ve got a law professor who just got busted for creating a fake online handle to promote his scholarship. That the law professor is also a rabbi who got busted by “The Jewish Channel” just heightens the embarrassment….
Yet many professional athletes are speaking up—both to clear the way for any teammates who may be gay and closeted, and from an understandingof how even seemingly minor acts by professional athletes can reverberate with the public. Tolerance is becoming the message in locker rooms and from teams that recognize they cannot countenance use of pointless slurs like “faggot,” “queer,” and “gay.” Regardless the intent with which those terms are spoken, they classify a group and particular people as synonymous with the lesser, and professional athletes are beginning to understand that.
– Minnesota Vikings Punter Chris Kluwe and Baltimore Ravens Linebacker Brendon Ayanbadejo (congratulations on the Super Bowl) in an amicus curiae brief filed with the Supreme Court in Hollingsworth v. Perry, regarding the fate of California’s Proposition 8.
* Just because there was an undergrad rankings scandal at our school doesn’t mean that our law school data isn’t sound. ::pout:: Oh Emory, that’s so precious. [TaxProf Blog]
* Breast implants don’t make women healthier?! Damn you, Congress! [New York Magazine]
* Scamming insurance companies > scamming dying AIDS patients. [Dealbreaker]
* Scott Greenfield is running a book giveaway contest. Well, here’s my submission: The law doesn’t suck; it’s just the week before Labor Day, so writing about the law sucks. [Simple Justice; Legal Blog Watch]
* Given the number of men who ignore their girlfriends in favor of video games, it’s surprising that more women haven’t been charged with misdemeanor battery. [Legal Juice]
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.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at firstname.lastname@example.org or email@example.com. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!