* A comprehensive analysis of the New York Times wedding announcements over the years. As the research team frames the question, “What do the world’s most self-important people think is important?” Unsurprisingly, the answer is “where they went to law school.” [News Genius / Rap Genius]
* The National Jurist would like to deceive convince the potential law school class of 2017 that there will be tons of jobs for them. Apparently the legions of unemployed lawyers now will just disappear in some sort of legal industry Carousel. [National Jurist]
* Elizabeth Wurtzel’s mom loves Al Jazeera because she hates pundits and talking heads. Like, for instance, Elizabeth Wurtzel. [The Daily Beast]
* Walter Olson of Overlawyered is going on the road. There are a lot of stops; check if he’s coming to a town near you. You could totally tag one of these venues in a big slip-and-fall case. [Overlawyered]
* In the midst of a slew of law deans stepping down, Dean Patricia Salkin thinks this is the perfect time to become a law dean. Elie already put his hat in the ring for every available position via Facebook. [The Faculty Lounge]
* Military personnel are guaranteed benefits for same-sex partners. Including personnel in state national guard units. But Texas has decided to deny those benefits. Yeehaw! In all seriousness, this is why all those liberals rooting for state marijuana ballot measures against the feds needed a little more foresight. [Dallas Voice]
* An interview with Helen Wan, the author of The Partner Track: A Novel (affiliate link). Keep on the lookout for David’s coming interview with Helen. [CNN]
Ed. note: This is the latest installment in a series from Bruce MacEwen and Janet Stanton of Adam Smith Esq. and JDMatch. “Across the Desk” takes a thoughtful look at recruiting, career paths, professional development, human capital, and related issues. Some of these pieces have previously appeared, in slightly different form, on AdamSmithEsq.com.
There seems to have been a spasm an unusual concentration of articles recently advancing the theory (I generalize) that all is well in BigLaw and that in fact even the universally acknowledged cost/benefit mismatch of a J.D. degree is mistaken.
Regular readers know that I’m the last person to be apocalyptic about the legal industry writ large, but I also would like to believe I apply rigor in analysis and tough love in attitude, so when sloppy happy talk comes front and center. I feel compelled to respond.
Law schools first. I haven’t really entered the “Law school NPV—positive or negative?” debate, and I don’t plan to start. It’s of enormous import on many levels, from the tragic human toll to the socioeconomic policy questions it raises. It’s simply a bit far afield for me to give it the attention it deserves. And I’m not going to do a half-baked job. Still, for the yin and yang of this debate, I refer you to (first pro and then con):
In fairness, only one legal story dominated the week. The Zimmerman verdict provided a new twist daily. It even got Kim Kardashian involved, which was a relief to the unwashed masses waiting to hear how a spoiled sex-tape star would react to a verdict at the intersection of race and gun policy.
But the most newsworthy verdict in years was not the only thing happening this week, regardless of what CNN would like you to believe…
This study isn’t throwing darts at a dartboard, this study is going up to the dartboard, placing the darts where you want, and then hoping nobody notices.
I don’t know how the intellectually dishonest people who try to trick people into going to law school based on misleading statistics sleep at night. It’s one thing to see economic drivel rerouted through the admissions mouthpieces who are just looking to make a sale to keep their jobs. But when it comes from law deans or law professors — people who are supposed to be educators and apply a modicum of rigorous intellectual thought to their writings — it’s just sad.
We’ve got another one of these “studies” that purports to show that a law degree is actually quite valuable, while blatantly ignoring all of the things that have led to ruinous financial consequences for so many students drawn into the clutches of law school. I was going to ignore it: partially because I’ve knocked down all these terrible arguments before when looking at the intellectual drivel emanating from the Denver Sturm College of Law, partially because I wonder sometimes if giving these smoke and mirror studies the light of day does more harm than good.
But, tipsters are emailing in and the ridiculous claim is the lead story on other websites, so whatever, let’s address the claim that a law degree is worth $1 million dollars over the course of a lifetime…
Please note the UPDATE at the end of this post, with commentary from Professor Michael Simkovic.
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…
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, 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.