How will this struggling law school be able to survive?
* Her dad’s the ringleader, he calls the shots; she’s like a firecracker, she makes it hot: Since “everything is working perfectly” under pop star Britney Spears’s conservatorship — which has been in effect for the past seven years — it’ll likely stay that way indefinitely. [Us Weekly]
* Well, that was fun while it lasted. The ABA did away with its year-old LSAT exemption rule in record time. Law schools will only have until 2017 to lard up classes with students who haven’t taken the exam. Good luck and Godspeed. [National Law Journal via TaxProf Blog]
* Simpson Thacher isn’t the only Biglaw firm that allegedly blew it when it came to turning hundreds of General Motors’ secured creditors into unsecured creditors. Mayer Brown is also facing twin class-action suits for this $1.5 billion boo-boo. [Crain’s Chicago Business]
* Good news, everyone! The ABA approved a merger between Rutgers Law-Camden and Rutgers Law-Newark, and we’re going to look at this in a positive light because theoretically speaking, there’s now one less law school out there. [MyCentralJersey.com]
* “Are Law Schools Skewing Job Placement Numbers?” In a word, yes. Not to be a complete
pessimistrealist, but come on, you know most school-funded positions exist solely to prop up any given law school’s less-than-pleasing job statistics. [Bloomberg]
* When you’ve taken the lives of so many, no one cares about your sad life story. A Colorado jury inched closer to inflicting the death penalty upon convicted movie theater shooter James Holmes in the second phase of his trial’s penalty portion. [New York Times]
It has long been the case in Hong Kong that most UK law firms and a very small minority of US law firms have three month notice periods for their US associates built into their employment contracts. But until about 18 months ago it was not common for any firm to enforce a three month notice period when a US associate left solo[…]
* According to this former Supreme Court clerk, Justice Scalia’s judicial zingers are just like porn in that they’re “titillating, but over time they coarsen the culture of which they are a part.” (Plus, for what it’s worth, the jurist’s audience usually never gets a money shot.) [Washington Post]
* Better late than never? The ABA dropped the hammer on law schools trying to game their employment stats with a new rule that’ll force them to report school-funded jobs as part-time unless certain length and salary reqs are met. [WSJ Law Blog]
* The largest of D.C.’s largest law firms grew even larger over the past year, and thanks to a merger, an outsider firm — Morgan Lewis — managed to infiltrate the capital’s Big Four. Sorry, WilmerHale, but maybe 2016 will be your comeback year. [National Law Journal]
* In other ABA news, the Section of Legal Education and Admissions to the Bar rejected a plea for academic credit for paid externships, because we apparently want to keep students as indebted as possible before they begin their professional legal careers. [ABA Journal]
* A judge dismissed a lawsuit filed by Richard Lee, a known conspiracy theorist, who sought the release of the Seattle police department’s death-scene photographs from Nirvana star Kurt Cobain’s suicide. Hey! Wait! He’ll file a new complaint. [Seattle Times]
* After closing arguments in the Dark Knight movie massacre trial, the case against accused shooter James Holmes now goes to a jury. He’s facing 165 criminal charges, and if found guilty, he may be sentenced to death. [NBC News]
* A federal magistrate judge ordered the NCAA to pay almost $46 million in legal fees and costs to lawyers representing student-athletes in their antitrust suit against the organization, and he even likened the case to Game of Thrones in his decision. This is a monumental win. [Reuters]
* Last night, SCOTUS denied a stay of execution for Mississippi death row inmate David Zink, even though his lawyers cited Justice Breyer’s recent death penalty dissent in Glossip with high hopes that the Court would act in their client’s favor. [National Law Journal]
* For your information, the gender gap in the legal profession extends far beyond pay and partnership prospects. According to a recent study by the American Bar Association, about two-thirds of all attorneys who appeared in federal civil trials were men [WSJ Law Blog]
* Going to law school in an underserved community that isn’t overflowing with lawyers is great for résumés, because the University of New Mexico School of Law is seriously bucking the trend of its students having difficulty finding jobs after graduation. [KOB 4]
This law school is trying to pull a fast one for the sake of its employment statistics.
* Hillary Clinton is making a mad dash for Biglaw bucks to support her presidential run. This week, she’ll be at an event hosted by Sullivan & Cromwell, and next week, she’ll be at an event hosted by a Chadbourne & Park partner. Ooh la la, fancy schmancy! [Bloomberg Politics]
* Dewey know why this firm failed? Back before D&L declared bankruptcy, the firm’s most successful rainmakers were asked to give up half of their gigantic salaries in an attempt to stave off the worst… but they didn’t want to. We suppose that’s the way the cartel crumbles. [Am Law Daily]
* Bickel & Brewer, the fearsome Texas litigation boutique, recently broke up, and now it’ll simply be known as Brewer. John Bickel, who invoked the firm’s partnership retirement clause, is now ensconced as senior counsel at Fish & Richardson. [Texas Lawbook]
* This career services dean is here to tell you a tale about law school job stats. You see, law schools don’t have an unemployment problem — instead, they have a “J.D. Advantage” problem (aka, jobs they took because they couldn’t get lawyer jobs). [Huffington Post]
* This is yet another reason why people are considering Fordham’s Fashion Law LL.M.: “Every designer should have a minimum degree of legal literacy, if only to know when to seek a legal opinion — and to avoid being sent to sit at the kids’ table.” [New York Times]
If the statistics of lower enrollment and higher employment continue, a solid, yet perhaps narrower, path for law schools will begin to emerge in the next few years.
Columnist Renwei Chung offers his thoughts on the latest job data from the ABA.
* Floyd Mayweather’s lawyer says that his client will post Suge Knight’s insanely high $10 million bail if he wins his fight against Manny Pacquiao. Suge says he was “really going to pull for him to win, but now [he’s] going to have to pray for him to win.” [Los Angeles Times]
* Northwestern University School of Law is launching a first-of-its-kind loan repayment assistance program to help grads in “modestly salaried private sector jobs” — that is, if you make less than $85,000, the school will pay your loan interest for up to a year. [National Law Journal via CBS]
* If you haven’t heard, the class of 2014 was much more employed than the class of 2013 by a factor of a few percentage points. Apply to law school right now! (No, don’t do that. The class of 2014 was smaller, so it looks like the job stats were better.) [ABA Journal]
* “[T]he jury is out and the only sane thing you can say about Dentons is check back in three years.” Hot on the heels of the announced merger between Dentons and McKenna Long, many lawyers are running for the exits. [Big Law Business / Bloomberg BNA]
* If you’re interested in going to law school on the east coast, then you may want to take a look at this list of schools, ranked by total employment of the class of 2014. We’d shudder to see what this list would look like if only long-term, full-time jobs were used. [BostInno]
* A lawyer who’s suing former U.S. Representative Aaron Schock on behalf of a campaign donor says he’s been unable to locate the disgraced politician to serve him. What will happen now? We bet you can find out on the next episode of Downton Abbey. [ABC News]
My father is a military man. Accordingly, all things in life, from mundane trips to the grocery store to complex life decisions like planning for and choosing a college, was subject to careful, deliberate planning. Digesting evidence and facts was a far better road than the proverbial “crossing of fingers” and trusting that “it will all work out for the best.” Former NYC mayor Rudolph Guiliani said it best when he announced that “Hope is not a strategy.”
I was reminded of this adage when reading a few industry reports compiling data points about corporate legal departments and the ever –increasing complexity of the regulatory environment. Here are some shockers:
Entry-level hiring is up. FWIW.
It’s not enticing to make your future debt payment the most certain thing about your future.
Which law school graduates have the most debt of all? U.S. News has a ranking for that!
If you’re thinking about applying to law school, you need to crunch the job numbers for yourself.
* According to the Bureau of Labor Statistics, the legal sector added 2,300 jobs in 2014. Our sincere condolences go out to all those who are still “too overqualified but too under-experienced,” all at the same time, to get hired. [Am Law Daily]
* This lawyer protested jury duty by emailing the judge to say she’d “blame the plaintiff” for making her work nights and weekends for her client, but she can only blame herself for having to spend the night in jail. Oopsie! [Daily Report (reg. req.)]
* “Would it be great if all unpaid internships paid really well? Sure. It would also be great if my dog made breakfast for me every morning, but I am not going to file a lawsuit over it.” Yep. [Los Angeles Times]
* The law school transparency movement has come quite far since its inception, but there’s a lot of room for improvement. Encourage your school to hurry up and “publish what it has at its fingertips.” [Law.com]
* UVA Law held its Softball Invitational this weekend. A Duke Law dude emailed us to say his school sucks at basketball, but it’s awesome at law school softball. Sweet accomplishment, brah. [Newsplex]
* If the Dewey & LeBoeuf criminal defendants end up going to trial, it’s fair to say the star witnesses in the case will be those who’ve already pleaded guilty — all seven of them. [Am Law Daily]
* Biglaw firms are constantly shrinking in size, leaving many office buildings wide open. Landlords are desperate to put asses in seats, so it’s kind of like law school. [Washington Post]
* “A judicial post is not an hereditary position.” There’s nepotism, and then there’s nepotism, and this Georgia judge is really trying to keep it all in the family. He’s basically ensured that his seat on the bench will go to his daughter. [Daily Report (reg. req.)]
* Let’s keep the rankings party going with an infographic about job rates and median starting salaries. Law schools tied for first place with $160K Biglaw salaries: 21. Not shocked. [U.S. News & World Report]
* The family of Danielle Thomas, the woman who was murdered by indebted law school grad Jason Bohn, is suing the NYPD with claims that the police ignored her calls for help. Sad. [New York Post]
American Bar Association / ABA, Banking Law, Biglaw, China, Contract Attorneys, Crime, Document Review, Job Searches, Law Schools, Lawyerly Lairs, Morning Docket, Partner Issues, Public Interest, Real Estate, Sex Scandals, Wall Street
* Stan Stallworth, the Sidley partner accused of sexual assault, has hired a prominent criminal defense attorney to represent him in the case while the firm stands by its man. [Am Law Daily]
* Wall Street regulators are considering approval of a formidable version of the Volcker Rule that would ban banks from proprietary trading. Voting occurs later today. [DealBook / New York Times]
* Skadden Arps has asked a judge to toss an FLSA lawsuit filed against the firm by one of its document reviewers. Aww, silly contract attorney — there’s no way you’re getting overtime pay. [Law360 (sub. req.)]
* Weil Gotshal is still leaking like a sieve. This time, Bruce Colbath, a partner from the firm’s New York office, defected to the Antitrust and Trade Regulation practice group at Sheppard Mullin. [Market Wired]
* Lawyerly Lairs, China Edition: Raymond Li, chair of the Greater China practice at Paul Hastings, just purchased a townhouse for about $95 million. He paid for it in straight cash, homie. [Wall Street Journal]
* They’re extremely tardy to the party, but if the ABA Section of Legal Education and Admissions to the Bar gets its way, law schools will be subject to random audits of their employment stats. [ABA Journal]
* It’s a tough job that “can really beat you down,” but an organization called Gideon’s Promise just made it a whole lot easier for law students to secure jobs as public defenders in the South. [National Law Journal]
Moving collection of employment stats to ten months from nine months is notable only for its uselessness.