Making life hard is a GIANT understatement. Judging from the dozens of furious emails, text messages, and tweets we’ve received over the past few hours, this appears to be the biggest bar exam debacle in history. It’s certainly the most serious bar disaster I’ve ever covered in the eight years since I started Above the Law. Bar takers around the country are in full-on meltdown mode.
Just like ExamSoft, the apparent source of the problems. An unknown number of bar candidates, but surely numbering into the thousands, cannot upload their completed exams to ExamSoft — despite deadlines for doing so (which vary from state to state).
Keep reading for disaster reports from around the country, plus statements from ExamSoft….
(Please note that we will be UPDATING this post, so refresh your browser for the latest.)
Lat here. Going into the 2013 Biglaw bonus season, indicators were looking mixed.
Cravath, the supremely prestigious and profitable law firm that’s the traditional market leader on bonuses — as in the firm most widely followed by other firms, not necessarily the firm that pays the biggest bonuses — announced another large partner class. Last year, that boded well for bonuses.
On the other hand, Biglaw’s overall performance has been somewhat anemic this year. The stock market might be hitting new highs, but many law firms are running in place.
People have been waiting forever for Cravath to make its big announcement. Now the wait is over: at 4:45 p.m. today, Cravath announced its 2013 year-end bonuses.
How are they looking? What’s getting stuffed inside associate stockings this holiday season?
Who is this woman? Over at our sister site Dealbreaker, they’ve been talking about her for months and months on end.
She emerged on the banking protest scene back in April, when she dressed as a dominatrix (and later as a police officer) and promised to offer Citi execs a spanking as the “Bank Reform Bitch.” In early May, she reemerged as the “Ethical Fiscal Fairy” to fight the good fight against Bank of America. At the end of the month, “Bank Reform Bitch” came back to stick her stiletto straight up Jamie Dimon’s ass. On the last day of May, she became “Darla, the Desperate for Justice Housewife,” hoping to bring attention to the laundering of HSBC’s money. In July, she emerged from her cocoon and transformed into the “Better Banking Butterfly” to weigh in on derivative reform. Tomorrow, she’ll be at a press conference with the HSBC whistleblower to bitch about the bank’s blood money, all while waving a money fan.
Again, we’ve got to ask: who is this woman? Well, for starters, she’s a lawyer….
Law school tuition has skyrocketed in recent years, and most people wind up financing their legal education by taking out up to six figures in loans to cover the cost of attendance. But because cuddling up at night next to mountains of debt isn’t a pleasant way to live, some people have found more creative ways to pay their way.
Whether it’s by having very rich and generous parents, keeping a day job and going to law school at night, becoming a sugar baby, or working a part-time job between classes, there are many ways to survive without having to fully rely upon student loans.
If those solutions don’t float your boat, you can just take off your clothes and become a Playboy pin-up….
The moment we’ve all been waiting for has arrived. The extremely prestigious and profitable Sullivan & Cromwell, which we recently described as “one of the few firms with the wherewithal and the gumption to best Cravath’s already healthy bonuses,” just announced its scale.
Lat here. Earlier this month, I wondered: could the bumper crop of new partners at Cravath bode well for bonuses? Although firms like Cravath generally make partnership decisions with a focus on the longer term, as opposed to based on short-term financial performance, a class of five partners is one of the largest Cravath has had in years. It certainly seems to reflect a good degree of confidence about the firm’s future.
Now we have our answer as to the size of Cravath bonuses. The firm just announced its year-end bonuses for 2012, and they’re not simply a cut-and-paste of last year’s numbers. This year’s bonuses are more generous than last year’s, which is great news (at least for associates trying to pay off their law school loans; partners might be less enthused).
Sit up and take notes, since the Cravath bonus scale sets the bar for most other major law firms….
It’s a tale as old as time, and perhaps — if you were desperate enough — you’ve even experienced it yourself.
A young man wanders the streets of New York City, with dreams of some day becoming a star. He waits tables and does various odd jobs to pay the bills, all the while yearning for his chance in the limelight. He lands a few soap opera and commercial roles, but in the grand scheme of things, he isn’t very successful in his theatrical endeavors. He can’t land any good parts, and in the end, he’s forced to make a decision: will he put his manhood to the test and turn to acting in adult films, or will he go to law school?
Yup. Porn or law school. Thankfully, the legal profession is such that you can do both. Or, at least it was in the 1970s. The wannabe film star that we’re referencing decided to do both, but at least he had the good sense to tend to his porn career first, and then head off to law school. And in the end, he had a very successful practice — both in terms of showing his “O” face to the world, and climbing the ladder of legal stardom to the ranks of county district attorney in upstate New York.
But until recently, his adoring public was unaware that DA also stood for Dick Adjudicator….
Ms. JD is hosting their 2nd annual cocktail benefit to raise money for the Global Education Fund. The event will be held on August 21, 2014 at 111 Minna in San Francisco. Our goal is to raise $20,000 to fund the legal educations of four dedicated law students in Uganda who count on our support to continue their studies at Makerere University during the 2014-15 academic year.
The Global Education Fund enable womens in developing countries to pursue legal educations who otherwise would not have access to further education. According to the World Bank, investment in education for girls has one of the highest rates of return to promote development. In Uganda, more than 45% of women over the age of 25 have no schooling at all, and men are more than twice as likely as women to have access to higher education. Together, we can work to end educational inequality. For more information about the program, please visit http://ms-jd.org/programs/global-education-fund/
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: firstname.lastname@example.org.
We at Kinney Asia have made a number of FCPA / White Collar US associate placements in Hong Kong / China thus far in 2014. Most of such placements have been commercial litigation associates from major US markets, fluent in Mandarin, switching to FCPA / White Collar litigation. Some have already had FCPA experience, but those are difficult candidates for firms to find (this will change in coming years as US firms are now promoting FCPA / White Collar to their 2L summers who are fluent in Mandarin and have an interest in transferring to China at some point).
Legal Week quoted Kinney’s Head of Asia, Evan Jowers, extensively in the following relevant article here.
There is a new trend in the market, though, where mid-level transactional US associates, fluent in spoken Mandarin and written Chinese, are interviewing for and in some cases landing junior FCPA / White Collar spots in Hong Kong / China at very top tier US firms.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.