I imagine that students of the Charleston School of Law woke up this morning feeling a bit like exotic dancers who just found out that their strip joint was being sold to a whorehouse.
Charleston School of Law (CSOL) was already a pretty weak law school, charging $38,000 a year despite being unranked by U.S. News. Its employment stats and bar passage rates are often embarrassing. It’s “accredited” by the ABA because, well, the ABA will rubber-stamp institutions like this.
But yesterday the school announced that it was entering a “management services agreement” with a for-profit company, Infilaw Inc. Infilaw has not covered itself in glory. It owns Charlotte School of Law, Florida Coastal School of Law, and Phoenix School of Law. So to call Infilaw a “diploma mill” is being exceedingly kind to Infilaw.
It’s a bad situation. The news is “rocking the Charleston legal scene,” as one tipster told us, and many students and professors are upset. But the story of one student who was set to matriculate at CSOL this fall sort of illustrates how the kinds of students who go to CSOL are resistant to the market information, thus making a company like Infilaw possible…
In a story that Ethan Bronner of the New York Times will repackage nine months from now and pretend like it is new, the National Law Journal tells us that two for-profit law schools are offering refunds to students who can’t pass the bar.
It only sounds nice if you don’t read the fine print, though in fairness, people who go to for-profit law schools are probably not the best at even identifying the fine print, much less at reading it and understanding how it might apply to their lives.
Still, I don’t know what kind of mathematically challenged people think that getting a $10K refund after spending nearly $120K to go to law school and not passing the bar is a good deal….
In a time of rising tuition prices and declining job prospects, looking at the value proposition of going to law school is more important than ever. For the second year in a row, the National Jurist has named the 60 best value law schools in its preLaw magazine. From these 60 schools, it has further honored the top 20 value schools (unranked for now, but to be ranked, one through twenty, in October).
For the second year in a row, the methodology used to formulate these rankings needs to be much better if anybody is going to pay attention. The National Jurist recognized law schools as “best value” schools if they met four criteria:
1) their bar pass rate is higher than the state average;
2) their average indebtedness is below $100,000;
3) their employment rate nine months after graduation is 85 percent or higher; and
4) tuition is less than $35,000 a year for in-state residents.
We’ll get to naming the top 20 in a minute. First, we need to break down these inputs — inputs that could have been so much better and more relevant…
So you spent a considerable amount of time courting, selling and maybe even doing some friendly stalking of that attractive lateral partner candidate with a sizable book. After he or she ignored your emails and didn’t return your calls, a few weeks go by and you read a press release in the legal media announcing the recent move to a competing firm.
Rats. Another one got away from you. You cringe when you consider how much time was spent in meetings that did not bear fruit. Your heart aches when recall how you were led to believe this was a marriage made in heaven.
You have been rejected.
The sting of rejection is painful, even for fancy law firms. But you need to find a way that you can turn this disappointment into a legitimate learning experience.
No, this isn’t a pre-party before we come back next fall for the real thing. This IS the real thing. Quinn Emanuel is pushing the envelope on recruiting. The party is now. This is when you meet the partners and associates face to face. This is when we begin the dance that could land you an offer for your second summer BEFORE school starts in the fall.
First: You come to the party. Second: If you like us, you send your resume after June 1, 2014. Third: If we like each other, you get an offer.
We’re not waiting for fall. We’re not doing the twenty minute thing. This party is the real thing!
We hope you’ll join us, and look forward to meeting you.
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 six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
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