We brought the matter to the Provost and although he is supportive of our goals he cannot bend the University rules to make this creative idea happen. However, we remain committed to finding ways to fund post-graduate opportunities and address other employment issues facing our graduates.
We all know that the employment landscape for recent law school graduates is still looking pretty bleak. Fifty-seven percent of 2013′s law school graduates are employed in full-time, long-term jobs that require bar passage. If we exclude the percentage of full-time, long-term jobs funded by law schools, the legal employment rate drops to 55.3 percent. Meanwhile, 11.2 percent of 2013′s graduates are still unemployed nine months after receiving their degrees. The job market sucks, for lack of a better word, and law schools are sinking in the U.S. News rankings because of their terrible employment statistics.
That’s why law schools are doing anything and everything they can to try to put their graduates to work. It seems that some schools are even willing to go to extremely unconventional lengths to do so. For example, one law school is thinking about suspending faculty raises and using that money to create a new jobs program for its graduates.
A law professor there just found out that he may not be getting a raise this year, and he is PISSED….
This law school has a healthy approach to slimming down.
Layoffs continue to march through law firms. We reported yet another layoff story earlier today.
But now we have some happy news to share, regarding potential layoffs that were averted. A law school that was contemplating junior-faculty layoffs fortunately won’t have to go through with the cuts it had been contemplating.
Which law school achieved this feat? And what lessons might it have to offer to other law schools that are attempting to rightsize themselves in this challenging environment for legal education?
Untenured law professors are not protected from pink slips.
As law school applications continue to decline, law schools must make hard choices. A law school can maintain the size of its entering class — and the revenue stream generated by those students — but at the cost of lowering its admissions standards. Or a law school can shrink the size of its entering class, accepting the decline in revenue to maintain the caliber of its student body, and make up for the lost revenue by cutting costs.
In my view, the second approach is superior. As the legal job market continues to shrink, with even top law firms conducting large-scale layoffs, it makes sense for law schools to produce fewer graduates. The legal profession is “right-sizing,” and law schools should follow suit.
But even if the second approach is better than the first, it’s not without pain. Last week, we heard reports of one law school basically axing its entire junior faculty. All of the untenured professors received notice that their contracts might not be renewed for the 2014-2015 academic year. Ouch.
As is so often the case, though, there’s more to this story than meets the eye….
Los Angeles is home to many celebrities — and we’re not just talking about Hollywood stars. The superb faculty of UCLA School of Law boasts several prominent pundits and public intellectuals.
How much do star bloggers like Eugene Volokh and Stephen Bainbridge earn from their day jobs? What about such academic adversaries as Kimberlé Crenshaw, the critical-race queen, and Richard Sander, a leading opponent of affirmative action?
A commenter on our story from last month about salaries for Boalt Hall law professors requested data about faculty compensation at UC Hastings. Ask and you shall receive. As noted over at TaxProf Blog (via the ABA Journal), the median salary for an assistant professor at Hastings is $112,942 and the median salary for a tenured professor at Hastings is $187,221 (not counting summer stipends).
Earlier this week, we took a look at faculty salaries at UVA Law School. They’re freely available online because UVA is a public law school. The UVA student newspaper obtained the records through FOIA and then posted them on the web. (If you have a problem with such information being made public, sorry. The best I can do is channel Justice Scalia and tell you: “Amend the statute.” )
We don’t want to pick on UVA, so we’re going to take a look at law professor compensation at a few state law schools. Going down the latest U.S. News rankings, we find ourselves at the ninth-best law school in the nation, Berkeley Law aka Boalt Hall.
The word “Berkeley” conjures up images of long-haired hippies smoking copious amounts of marijuana. But in light of their lush salaries, Berkeley law professors could roll joints using hundred-dollar bills….
(UVA also excels when it comes to producing funny Law Revue videos. They won once in the past and have been in the finals several times. Don’t be shocked if they make an appearance again in this year’s contest, whose finalists we’ll be announcing on Wednesday.)
What are the secrets to UVA’s success as a law school? For one thing, they have an amazing faculty, full of leading scholars and inspiring teachers.
But such talent doesn’t come cheap. Let’s learn more about law professors’ salaries at UVA….
* When thinking of the Penn State situation (the alleged cover-up, not Jerry Sandusky’s crimes), I am reminded of how critically important due process is to the proper administration of justice. You really notice due process when it’s gone. [The Volokh Conspiracy]
* It’s funny to think of law professors getting their pieces rejected by law reviews. Funny insofar as there are people who actually care about what ends up in a law review. [lawprofblog]
* I’m not inclined to believe things coming out of Nigeria, but if this is true, it’s crazy. [Gawker]
* The bright side of losing your job because of the LIBOR scandal. [Dealbreaker]
* Erwin Chemerinsky, Dean of the University of California Irvine School of Law, thinks that you can’t cut faculty salaries enough to achieve substantial reductions in tuition without losing your top faculty. But in this market, I bet a law school that said, “We hire only cheap professors and pass the savings on to you,” would have a lot of appeal. [National 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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