Legal education is a hot-button topic these days. Elie Mystal and I have taken our debate on the future of legal education to UNLV and Cardozo Law, in appearances co-sponsored by the Federalist Society and the American Constitution Society, and our roadshow hit Georgetown Law earlier today. (If you’d like to invite us to your school, most likely for the fall semester at this point, drop us a line.)
Despite disagreements over proposed solutions, folks generally agree on what needs to be improved. In an ideal world, law school would be less expensive, and legal jobs would be more plentiful. In an ideal world, more than 55 percent of recent law school graduates would wind up with full-time, long-term legal jobs.
But we don’t live in an ideal world. We live in the real world, which is imperfect and messy and depressing. Law schools and their graduates have to make the best of a challenging situation.
Which takes me to the practice of law schools employing their own graduates. In an ideal world, law schools wouldn’t have to resort to this. But in the real world, it’s not necessarily a bad thing, at least when it’s done right.
So pop your collars in celebration. UVA, I’m looking at you….
Yesterday, we brought you some news you can use when it comes to law schools and the employment data that went into the 2014 U.S. News law school rankings. The Top 10 lists we provided you with contained some pretty vital information, including which law schools best know how to put the “bar” in “barista.” (N.B. As we noted, the sample size here was small, but still, perhaps you should’ve considered enrolling at ITT Tech.)
We thought that our readers had gotten enough of their rankings crack, but it seems like you’re addicted to it. Don’t worry, you’ll be okay, because we’re here to give you another much-needed hit.
Would you like to know which law schools are the most likely to lead to “elite” employment outcomes?
Another day, another post about the latest batch of U.S. News law school rankings. It’s been a while since we last wrote about them, and we figured you might be experiencing some sort of withdrawal, so we’re here to deliver you another much-needed dose of rankings crack. Perhaps you can consider this our Curtis Mayfield moment — we’re your pushers.
Given that our readers think employment outcomes are the most relevant factor for a law school ranking system, today we’re going to be delving into all of the employment statistics that were used in the most recent rankings, with the assistance of a Pepperdine law professor.
Which law schools had the most graduates employed as lawyers? How about the law schools where the closest graduates have come to being employed at the bar are working as baristas and bartenders?
Last week, we asked for your thoughts on what an improved, more relevant approach to law school rankings would look like. This request was of course prompted by U.S. News’s revisions to its rankings methodology, which now applies different weights to different employment outcomes, giving full credit only to full-time jobs where “bar passage is required or a J.D. gives them an advantage.” U.S. News is of course bowing to the realities of the horrific legal job market and the spreading realization that, for many if not most, pursuing a J.D. makes little economic sense.
Yet U.S. News’s revamped methodology feels like a half-measure at best, as employment outcomes make up less than 20% of the rankings formula. Compare this to the 40% of the score based on “quality assessment” surveys of practicing lawyers, judges, and law school faculty and administrators. Shouldn’t those numbers be reversed?
In any event, last week about 500 of you weighed in with your opinions on which criteria should matter and which should not when it comes to ranking law schools. The results are after the jump….
The new U.S. News law school rankings, which we’ve been covering extensivelyin thesepages, contain all sorts of interesting tidbits about the ranked schools. For example, in each school profile there is an “employed at graduation” figure, which “represents the percentage of all graduates who had a full-time job lasting at least a year for which bar passage was required or a J.D. degree was an advantage.”
That seems like an important and useful piece of information to know if you’re going to pay or borrow a six-figure sum to attend law school. Comparing the employment rates of different schools would be an important part of one’s due diligence when selecting a school.
Among the top 14 or so-called “T14″ law schools, which one had the highest “employed at graduation” rate? The answer might surprise you….
Much credit has been given to the American Bar Association of late for its efforts to rein in law schools and their wily ways as far as employment statistics are concerned. Once upon a time, it was just fine for law schools to publish completely nonsensical data and herald it to the world as if it were true. Prospective (and extremely gullible) applicants were made to believe that it was possible for 98 percent of a class to be employed nine months after graduation during the height of the recession, and they applied in droves.
These days, now that word has gotten out that employment in the entry-level legal sector has run dry, law school applications are on pace to hit a 30-year low. You’d think that given the gravity of the situation — not to mention the ebb and flow of class action lawsuits having to do with job statistics — law schools do their best to comply with the ABA’s standards, but apparently even that’s too hard to do.
Perhaps the ABA’s reporting requirements are too tough in that they require not one, but Dear Lord, two charts to be published, along with consumer information that’s “complete, accurate, and not misleading.” That’s a pretty high bar to reach, amirite? Considering the state of the job market, providing accurate employment information about law schools must be really embarrassing rough for administrators to have to endure.
In fact, some law schools in the T14 can’t even bring themselves to adhere to these stringent requirements….
* Law School Transparency? Nay, Biglaw Transparency! Peter Kalis, global managing partner of K&L Gates, just opened the kimono wide on his firm’s financial performance in an “unusually detailed” fashion. [Wall Street Journal (sub. req.)]
* Talk about a pain in the pocketbook: although profits per partner and revenues are up overall, one firm saw shrinkage of 16 percent in PPP. [Thomson Reuters News & Insight]
* The ABA is just now thinking of trying to find someone who will audit the graduate employment data that law schools release each year. Gee, it only took 15 fraud lawsuits to get the ball rolling. [National Law Journal]
* Oh my God, you guys, carrying six figures of law school debt on your shoulders is “unsustainable” in the long run, especially when your salary sucks. This is new information that no one’s heard before. [News-Gazette]
* Former U.S. Attorney Jim Letten is now Tulane Law’s new assistant dean for experiential learning. For the school’s sake, hopefully he’ll be able to control his students better than he did his AUSAs. [Tulane Hullabaloo]
* “You’re a cold-blooded murderer and I’ll stare you down until I die.” Drew Peterson was sentenced to 38 years in prison for the murder of his third wife. A sequel to the Lifetime movie is likely forthcoming. [Reuters]
Back in December 2012, we broke the news that the dismissal of the Gomez-Jimenez case, a class action lawsuit over New York Law School’s allegedly deceptive post-graduate employment data, had been affirmed by New York’s Appellate Division, First Department. Although the opinion carried with it a wrist slap for NYLS and its business practices, Jesse Strauss, one of the lawyers for the nine plaintiffs, was unsatisfied, and vowed to appeal the case to the state’s highest court.
Well, it seems that the day of reckoning has finally arrived, because the members of Team Strauss/Anziska have filed a motion with the New York Court of Appeals to reinstate their clients’ claims….
* And here’s the depressing fact of the day (well, at least the morning): the legal services sector added just enough jobs from December 2011 to December 2012 to represent a .7% increase. Gah, not even a full percentage point! [WSJ Law Blog (sub. req.)]
* A federal judge who never worked at a law firm for a single day in her life stepped down from the S.D.N.Y. to join Zuckerman Spaeder. She only wanted to “try something new,” but she may be in for a little bit of a rude awakening. [DealBook / New York Times]
* Dewey know what the “fundamental problem” is with this failed firm’s partner contribution plan? When even the bankruptcy judge overseeing the case is confused, you know you’re in for a bumpy ride. [Am Law Daily]
* The suit against Albany Law over its allegedly misleading employment statistics was dismissed, but have faith, ye of little hope, because some cases are heading to discovery. [Thomson Reuters News & Insight]
* James Holmes, the man accused of murder in the Aurora movie theater massacre, will appear in court today for his first evidentiary hearing. Of course, none of that matters, because he’ll just say he was insane. [CNN]
* While Chief Justice of the United States John Roberts made a plea to keep funding for the federal judiciary intact, we learned that student loan default cases have fallen since 2011. You really gotta love that income-based repayment. [WSJ Law Blog (sub. req.)]
* Introducing the Asia 50, a list of the largest firms in the Asia-Pacific region. When it comes to the firms with the biggest footprints, only one American Biglaw shop made the cut. Go ahead and take a wild guess on which one it was. [Asian Lawyer]
* Congratulations are in order, because after almost a year of stalling, Arnold & Porter partner William Baer was finally confirmed by the Senate as the chief of the Department of Justice’s Antitrust Division. [Bloomberg]
* Our elected officials might not have allowed the country to fall off the fiscal cliff, but the American Invents Act was put on hold, so if you’re a patent nerd, you can still be mad about something. [National Law Journal]
* In the latest NYC subway shoving death, a woman was charged with second-degree murder as a hate crime, and allegedly bragged about other hate crimes she’s committed to police. Lovely. [New York Times]
* Next time you’re trapped on a plane that’s literally filled with other people’s crap for 11 hours, don’t bother suing over your hellish experience — you’re going to be preempted by federal law. [New York Law Journal]
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.
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