Back in mid-March, we brought you a story about a law school in Michigan that had been flummoxed by the sun’s wrath. Now, almost like clockwork, just one month later, we’ve got another story about #firstworldproblems coming from a law school in Connecticut.
The school in question is well aware of its climate control problem, “but it has not yet risen to a level of importance to get funding.” You hear that, law students? Pit stains be damned! Your comfort is meaningless, and the hundreds of thousands of dollars that you collectively pay to attend law school are nothing more than an entry fee to an overpriced sauna.
But should we really be surprised? This school already suffered a major rankings fail in 2012, so asking them to turn off the heat on an 80+ degree day might be too much to handle….
It’s getting hot in herre
So turn off all your lights.
I am… getting so hot…
I wanna turn my lights off! [FN1]
Here on the East Coast, things are heating up. Unfortunately, we’re not talking about the legal job market.
We’re speaking much more literally. For the past few days, New York, Washington, and places in between have been in the grips of a brutal heat wave. On Tuesday and Wednesday, temperatures in NYC broke record highs, entering triple-digit territory.
Today, mercifully, has been a bit better. In D.C., temps will top out in the mid-to-upper 90s this afternoon. As a Washington Post reader quipped, “Only in the mid 90’s today… better grab a jacket before leaving the house!”
They say lawyers are cold-blooded creatures — but we get hot too. How are law firms and law schools coping with the heat?
The weather is seasonal in New York City today, but for most of this week we’ve experienced a little heat wave. Near record high temperatures were recorded throughout the tri-state area.
Apparently, Cardozo Law School was completely unprepared for this spate of summer weather, and it nearly ruined the school’s “OCI Preview” event for 1Ls desperate to snag jobs next recruiting season. Multiple tipsters reported variations on the same theme. I’ll use a version that doesn’t involve cursing: “I pay over $40,000 in tuition yet my law school can’t even turn the A/C on when I’m trying to network for a job.”
It was so bad that Cardozo had to send around an apology to the students for making them network in a sauna. And according to the email, Cardozo truly couldn’t figure out how to simply turn the A/C “on”…
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: