OCI’s coming, and it’s a buyer’s market. Law students who do their research will have a distinct advantage. And we want to help Above the Law readers out-compete their peers.
Check out the ATL Law Firm Directory, our new resource to help you compare among potential law firm employers and prepare for the crucial interview season. See what insiders have to say about where they work and review our new law firm ratings, based on our ongoing survey of the massive ATL audience. Stay tuned for more updates from the ATL Research Team.
There’s information in the Career Center that won’t just help you for your interviews, it will also help you choose the law firm that is right for you. For instance one up-and-coming-firm, dubbed the “Most Feared & Loathed Firm in Silicon Valley,” owns a ping-pong table that converts into their conference board room. They know exactly what they’re looking for; are you looking for them?
Our friends at JD Match provided 14 key interview tips. Again we want to help you get a job this OCI season, so check out the tips…
What do you predict for the legal profession in 2020?
* Florida gets a lot of flak, but the state seems to be doing something right with respect to defamation lawsuits. [The Legal Satyricon]
* “How is law school like the NFL draft?” (Aside from the high risk of getting your brains scrambled.) [Freakonomics]
* Let’s “think the unthinkable” about the legal profession in 2020, suggests Matt Homann. Bruce Carton: “50 percent of U.S. law schools will close their doors due to overcapacity.” [the [non]billable hour and Legal Blog Watch]
* Some readers apparently mistook this satirical communication from Jose Baez, counsel to Casey Anthony, for the real thing. And maybe that wasn’t so unfounded. [ABA Journal]
* Kenneth Moreno, one of the two NYPD officers acquitted of raping a drunk woman, isn’t out of the legal woods yet: he faces drug possession charges for heroin allegedly stashed in his precinct locker. [DNA Info]
* Courtesy of MoloLamken, here’s a great guide to the big business cases of the Supreme Court Term just ended. Download or print it, then read it at the gym or on the subway. [MoloLamken]
* Good news for job-seeking law students: JD Match is now free. So what do you have to lose? Give it a whirl. [JD Match]
* Musical Chairs: Guidepost Solutions welcomes litigatrix Carolyn Renzin, formerly a partner at elite boutique Stillman Friedman. [Guidepost Solutions]
* House Speaker John Boehner and former U.S. Solicitor General Paul Clement, now at King & Spalding, have joined forces to fight marriage equality by defending DOMA. Talk about two people who will not be taking their talents to South Beach. [The BLT: The Blog of Legal Times]
* The tax returns of Barack Obama and Joe Biden have been made public. Notes Professor Paul Caron: “It’s amazing how much more politicians give to charity in years in which they know their tax returns will be released to the public (although Biden still tosses around gifts to charity like manhole covers).” [TaxProf Blog]
* If you were underwhelmed with OCI at your law school, a new service — JD Match, founded by law-firm consultant and blogger Bruce MacEwen — wants to try to match you up with employers ready to hire. [WSJ Law Blog]
* People keep acting like their law firms are hunting for associates expressing discontent. But law firms aren’t as paranoid as Roger Ailes. [Gawker]
* It’s always nice when our nation’s legal system comes to the defense of punk bands. [Los Angeles Times]
* It’s almost time for the anniversary of the historical basis for Texas thinking it’s better than everybody else. [The Defense Rests via Blawg Review]
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
The traditional job application and interview process can be impersonal, and applicants often struggle to present themselves as more than just the sum of their GPAs, alma maters, and previous work history. ATL has partnered with ViewYou to help job seekers overcome this challenge. ViewYou NOW Profiles offer a unique way for job seekers to make a personal, memorable connection with prospective employers: introduction videos. These videos allow job candidates to display their personalities, interpersonal skills, and professional interests, creating an eDossier to brand themselves to potential employers all over the world. Check it out today!