Law school tuition goes up. That’s just what it does. It goes up during boom times, it went up during the recession. It goes up when lots of people apply to law school, it goes up when applications are at historic lows. If they could distill law school tuition into a pill, it would replace Viagra.
Law schools seem very good at estimating how much law school should cost. But are they as good at telling you how much you’ll need to spend while you’re in school besides tuition? Room and board, living expenses and transportation costs, these things go up too. But some students argue that when it comes time to estimating these costs — costs that are the basis for the federal loans that students take out in order to shelter themselves and eat while they’re in school — law schools set the bar unreasonably low. From the law school’s perspective, student expenses are relatively flat… it’s only the tuition that needs to go up.
Tipsters pointed out one school for a case study of this phenomenon….
Another day, another ranking. Princeton Review has released its annual law school ranking, which we hereby dub the Everyone Gets a Trophy Awards. Each year, the list is divided into 11 categories, and each one seems to be filled with results even more asinine than the last.
While the results here leave much to be desired, surely people will be interested in seeing which schools are doing the best in terms of their graduates’ ability to get jobs (not necessarily as lawyers, mind you, but jobs, period). Thankfully, there’s a ranking for that.
But can we live in a world where Yale Law isn’t number one — or on the list at all? Let’s find out…
* Once again, Justice Ginsburg offers us some perspective on behind the scenes action at the Supreme Court. We bet you didn’t know that “Get over it” is one of Justice Scalia’s favorite expressions. [Politico]
* The chief justice of Delaware’s Supreme Court turned in his resignation papers on Friday, and rumor has it that the legendary Leo Strine will try to replace him. Best of luck, Chancellor! [Reuters]
* “I wasn’t looking for a job.” Paul Aguggia, the chairman of Kilpatrick Townsend & Stockton, will step down to cash in as the CEO of a New Jersey bank where he served as outside counsel. [American Banker]
* This is what it’s like when bankruptcies collide: AMR Corp. is now disputing Dewey’s billables, including 1,646 hours of contractually prohibited work completed by first-year associates. [Am Law Daily (sub. req.)]
* Bank of America is bleeding money in settlement payments. A $39 million payout in a Merrill Lynch gender bias case brings the total to about $200 million in under two weeks. [DealBook / New York Times]
* GW Law starts its dean search next month, and whoever takes the position needs to be good at raising funds, because the school has struggled in that department ever since Dean Berman left. [GW Hatchet]
* An Ivy League law professor tells us the third year of law school is a “crucial resource” to ensure lawyers are well-trained, so classes like “Understanding Obama” must be social imperatives. [Washington Post]
* It seems to me that the only jurors who might be influenced by the depiction of the legal system on Law & Order are the ones who were too dim to figure out how to get out of jury duty. [WSJ Law Blog (sub. req.)]
* “The situation is an absolute mess.” Last summer’s SCOTUS decision on mandatory life-without-parole sentences for juvenile offenders has created a “legal limbo” for inmates. We hope they find suitable dance partners. [Wall Street Journal (sub. req.)]
* Even after you retire, you apparently still have to deal with the Cebullsh*t from your life on the bench. Former Chief District Judge Richard Cebull’s misconduct review is likely heading to Administrative Office of the U.S. Courts. [Great Falls Tribune]
* Woe unto them that call unpaid work fair: the Second Circuit quickly granted Fox Searchlight an appeal in the Black Swan unpaid intern case in the hope of offering some “much-needed guidance.” [Deadline]
* Which private law schools offer students the best value? Some unlikely contenders are named on this list, and some T14 schools even make appearances. We’ll have more on this later today. [National Jurist]
* GW wasn’t the only school that grew the size of its entering class (although it was the largest increase). William & Mary and Missouri-KC saw big gains, too. Yay, more lawyers! [National Law Journal (sub. req.)]
* If you’re considering applying to law school, think about schools that have lowered their standards and are offering scholarship money like candy. Otherwise, here are some helpful hints. [Huffington Post]
* Henry Putzel Jr., former reporter of decisions at the Supreme Court, RIP. [Washington Post]
As fewer people apply to law school, deans have basically two options: they can shrink the size of the entering class, which reduces tuition revenue, or they can keep the size of the entering class the same, which results in credential dilution — a student body with lower LSAT scores and GPAs. Credential dilution can lead to a tumble in the closely watched U.S. News rankings, which can further reduce applications, setting in motion a vicious cycle.
So far, most schools seem to have opted for shrinkage. Most deans would prefer to be able to claim that they are taking a “stand for quality,” as Dean Patrick Hobbs of Seton Hall recently stated.
Interestingly enough, however, one top law school seems to be going in the other direction. It’s actually increasing the size of its incoming class over last year, even if doing so might lead to credential dilution….
* Biglaw’s billing bonanza: at least 12 firms are advising on the multi-billion dollar deals going on between Microsoft / Nokia and Verizon / Vodafone, and Simpson Thacher landed a seat on both. [Am Law Daily (sub. req.)]
* Standard & Poor’s is now accusing the Department of Justice of filing its $5 billion fraud lawsuit in retaliation for downgrading the country’s credit rating. Aww, we liked the “mere puffery” defense much better. [Reuters]
* The new ABA prez doesn’t think Obama meant what he said about two-year law degrees. He thinks it’s about cost. Gee, the ABA should probably do something about that. [National Law Journal (sub. req.)]
* Meanwhile, New York Law School wants to condense its offerings into a two-year honors program that comes complete with a $50,000 scholarship. Sweet deal if you can get it, but it sounds like most people won’t. [Crain's New York Business]
* Stewart Schwab, the dean of Cornell Law School, will be stepping down at the end of the academic year. The search for someone new to oversee the filming of amateur porn in the library is on. [Cornell Daily Sun]
* Crisis? What crisis? Nothing is f**ked here, dude. Amid plummeting applications, GW Law increased the size of its entering class by about 22 percent. The more lawyers, the better, right? /sarcasm [GW Hatchet]
* Jacked up! Attorneys for NFL player Aaron Hernandez got a stay in the civil suit accusing the athlete of shooting a man in the face until after the athlete’s murder charges have been worked out. [USA Today]
* GW Law professor John Banzhaf is calling upon the D.C. City Council to bar local broadcasters from using the term “Redskins.” Two decades after the real emergence of “political correctness,” the “Redskins” name has held out against that all-out assault almost as long as the actual Native American society did against Phil Sheridan. [Huffington Post]
* People are still talking about the Yahoo!/Tumblr deal, but the most important deal for the legal profession has slid under the radar. Seamless and GrubHub are merging to make all your “3 a.m. and still haven’t had dinner at the office” dreams come true. [Wall Street Journal]
* Vivia Chen of The Careerist got some flack for suggesting that women taking their husbands’ names was a regressive trend. In (tongue-in-cheek) fairness, here are the good reasons to take your husband’s name. Example: “When you’ve been indicted or convicted.” [The Careerist]
* U. Chicago Law scheduled finals during Memorial Day weekend… while Chicago is closing Lake Shore Drive and cutting back on public transit. UChiLawGo responds. [UChiLawGo]
* A gospel singer is suing McDonald’s because she lost her voice. Normally I’d make fun of this, but she sounds like she has a good argument. [The Inquisitr]
* Elie explains why the racist, nasty comments we receive don’t faze us at all. [Paidcontent.org]
* Well this is a novel use of fundraising: Speculation that Tim Lambesis (who we covered yesterday) used crowdfunding for a new Austrian Death Machine Schwarzenegger tribute album as the down payment on a hitman to murder his wife. Maybe this new album was going to have a Total Recall theme? [Metal Sucks]
* Stephen Colbert sits down with Caplin & Drysdale’s Trevor Potter to discuss the fact that Colbert’s SuperPAC has never been approved by the IRS. Video after the jump…
In our last story asking you to advise a law school applicant, the 0L in question was choosing between UVA, Northwestern, and Minnesota, which offered him scholarships of different sizes. You voted in favor of Northwestern, which offered him a generous scholarship, and he took your advice.
Today we bring you a doubleheader. Our first candidate wants to know whether she should go to law school at all, given the options she faces. Our second candidate is choosing between two excellent law schools, but with different price points….
It seems like law professors are constantly trying to trip up students during their Socratic torture sessions, and students have little choice but to sit back and take it. But as soon as a law professor trips, she runs to the courthouse to sue about it.
Somewhat reminiscent of the late Judge Robert Bork’s slip-and-fall at the Yale Club of New York City, apparently speaking on a lecture platform is a little too much work for professors, especially if the platform is “unreasonably small in width and depth.” It seems that even the most prominent of professors can fall prey to a simple lack of coordination.
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@example.com.
We currently have a very exciting and rare type of in-house opening in China at one of the world’s leading internet and social media companies. Our client is looking for an IP Transactional / TMT / Licensing attorney with 2 to 6 years experience. The new hire will be based in Shenzhen or Shanghai. Mandarin is not required (deal documentation will be in English) but is preferred. A solid reason to be in China and a commitment to that market is required of course. This new hire will likely be US qualified (but could also be qualified in UK or other jurisdictions) and with experience and training at a top law firm’s IP transactional / TMT practice and could be currently at a law firm or in-house. Qualified candidates currently Asia based, Europe based or US based will be considered. The new hire’s supervisors in this technology transactions in-house team are very well regarded US trained IP transactional lawyers, with substantial experience at Silicon Valley firms. The culture and atmosphere in this in-house group and the company in general is entrepreneurial, team oriented, and the work is cutting edge, even for a cutting edge industry. The upside of being in an important strategic in-house position in this fast growing and world leading internet company is of the “sky is the limit” variety. Its a very exciting place to be in China for a rising IP transactional lawyer in our opinion, for many reasons beyond the basic info we can share here in this ad / post. This is a special A+ opportunity.
If your firm is in ‘go’ mode when it comes to recruiting lateral partners with loyal clients, then take this quiz to see how well you measure up. Keep track of your ‘yes’ and ‘no’ responses.
1. Does your firm have a clearly defined strategy of practice groups that are priorities of growth for your office? Nothing gets done by random chance, but with a clear vision for the future. Identify the top practice areas for which you wish to add lateral partners. Seek input from practice group leaders and get specifics on needs, outcomes, and ideal target profiles.
2. In addition to clarifying your firm’s growth strategy, are you still open to the hire of a partner outside of your plan? I’ve made several placements that fit this category. The partner’s practice was not within the strategic growth plan of my client, but once the two parties started talking with each other, we all saw how it could indeed be a seamless fit. Be open to “Opportunistic Hires.” You never know where your next producing partner might come from, so you have to be open to it. I will be the first to admit that there is a quirky element of randomness in recruiting.
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