Another day, another post about the latest batch of U.S. News law school rankings. It’s been a while since we last wrote about them, and we figured you might be experiencing some sort of withdrawal, so we’re here to deliver you another much-needed dose of rankings crack. Perhaps you can consider this our Curtis Mayfield moment — we’re your pushers.
Given that our readers think employment outcomes are the most relevant factor for a law school ranking system, today we’re going to be delving into all of the employment statistics that were used in the most recent rankings, with the assistance of a Pepperdine law professor.
Which law schools had the most graduates employed as lawyers? How about the law schools where the closest graduates have come to being employed at the bar are working as baristas and bartenders?
Last week, we asked for your thoughts on what an improved, more relevant approach to law school rankings would look like. This request was of course prompted by U.S. News’s revisions to its rankings methodology, which now applies different weights to different employment outcomes, giving full credit only to full-time jobs where “bar passage is required or a J.D. gives them an advantage.” U.S. News is of course bowing to the realities of the horrific legal job market and the spreading realization that, for many if not most, pursuing a J.D. makes little economic sense.
Yet U.S. News’s revamped methodology feels like a half-measure at best, as employment outcomes make up less than 20% of the rankings formula. Compare this to the 40% of the score based on “quality assessment” surveys of practicing lawyers, judges, and law school faculty and administrators. Shouldn’t those numbers be reversed?
In any event, last week about 500 of you weighed in with your opinions on which criteria should matter and which should not when it comes to ranking law schools. The results are after the jump….
The new U.S. News law school rankings, which we’ve been covering extensivelyin thesepages, contain all sorts of interesting tidbits about the ranked schools. For example, in each school profile there is an “employed at graduation” figure, which “represents the percentage of all graduates who had a full-time job lasting at least a year for which bar passage was required or a J.D. degree was an advantage.”
That seems like an important and useful piece of information to know if you’re going to pay or borrow a six-figure sum to attend law school. Comparing the employment rates of different schools would be an important part of one’s due diligence when selecting a school.
Among the top 14 or so-called “T14″ law schools, which one had the highest “employed at graduation” rate? The answer might surprise you….
I’m not going to lie, these are quickly becoming my favorite columns to write every year.
For approximately 364 days a year, law school deans are free to tell us how great their schools are without being forced to provide any data to support their claims of being the best law school for whatever. But one day, each law school must confront the stark reality of their U.S. News law school ranking. They can disparage the rankings, get angry at the rankings, or boast about the rankings (if they’re lucky). But deans ignore the rankings at their own peril.
And so some deans are forced to address their schools’ poor rankings. They are free to spin things however they want, but for one day, they’re not operating in a vacuum. There is an objective fact that is just a little bit beyond their powers of self-reporting manipulation.
Much credit has been given to the American Bar Association of late for its efforts to rein in law schools and their wily ways as far as employment statistics are concerned. Once upon a time, it was just fine for law schools to publish completely nonsensical data and herald it to the world as if it were true. Prospective (and extremely gullible) applicants were made to believe that it was possible for 98 percent of a class to be employed nine months after graduation during the height of the recession, and they applied in droves.
These days, now that word has gotten out that employment in the entry-level legal sector has run dry, law school applications are on pace to hit a 30-year low. You’d think that given the gravity of the situation — not to mention the ebb and flow of class action lawsuits having to do with job statistics — law schools do their best to comply with the ABA’s standards, but apparently even that’s too hard to do.
Perhaps the ABA’s reporting requirements are too tough in that they require not one, but Dear Lord, two charts to be published, along with consumer information that’s “complete, accurate, and not misleading.” That’s a pretty high bar to reach, amirite? Considering the state of the job market, providing accurate employment information about law schools must be really embarrassing rough for administrators to have to endure.
In fact, some law schools in the T14 can’t even bring themselves to adhere to these stringent requirements….
Back in December 2012, we broke the news that the dismissal of the Gomez-Jimenez case, a class action lawsuit over New York Law School’s allegedly deceptive post-graduate employment data, had been affirmed by New York’s Appellate Division, First Department. Although the opinion carried with it a wrist slap for NYLS and its business practices, Jesse Strauss, one of the lawyers for the nine plaintiffs, was unsatisfied, and vowed to appeal the case to the state’s highest court.
Well, it seems that the day of reckoning has finally arrived, because the members of Team Strauss/Anziska have filed a motion with the New York Court of Appeals to reinstate their clients’ claims….
* And here’s the depressing fact of the day (well, at least the morning): the legal services sector added just enough jobs from December 2011 to December 2012 to represent a .7% increase. Gah, not even a full percentage point! [WSJ Law Blog (sub. req.)]
* A federal judge who never worked at a law firm for a single day in her life stepped down from the S.D.N.Y. to join Zuckerman Spaeder. She only wanted to “try something new,” but she may be in for a little bit of a rude awakening. [DealBook / New York Times]
* Dewey know what the “fundamental problem” is with this failed firm’s partner contribution plan? When even the bankruptcy judge overseeing the case is confused, you know you’re in for a bumpy ride. [Am Law Daily]
* The suit against Albany Law over its allegedly misleading employment statistics was dismissed, but have faith, ye of little hope, because some cases are heading to discovery. [Thomson Reuters News & Insight]
* James Holmes, the man accused of murder in the Aurora movie theater massacre, will appear in court today for his first evidentiary hearing. Of course, none of that matters, because he’ll just say he was insane. [CNN]
* While Chief Justice of the United States John Roberts made a plea to keep funding for the federal judiciary intact, we learned that student loan default cases have fallen since 2011. You really gotta love that income-based repayment. [WSJ Law Blog (sub. req.)]
* Introducing the Asia 50, a list of the largest firms in the Asia-Pacific region. When it comes to the firms with the biggest footprints, only one American Biglaw shop made the cut. Go ahead and take a wild guess on which one it was. [Asian Lawyer]
* Congratulations are in order, because after almost a year of stalling, Arnold & Porter partner William Baer was finally confirmed by the Senate as the chief of the Department of Justice’s Antitrust Division. [Bloomberg]
* Our elected officials might not have allowed the country to fall off the fiscal cliff, but the American Invents Act was put on hold, so if you’re a patent nerd, you can still be mad about something. [National Law Journal]
* In the latest NYC subway shoving death, a woman was charged with second-degree murder as a hate crime, and allegedly bragged about other hate crimes she’s committed to police. Lovely. [New York Times]
* Next time you’re trapped on a plane that’s literally filled with other people’s crap for 11 hours, don’t bother suing over your hellish experience — you’re going to be preempted by federal law. [New York Law Journal]
* As an in-house compliance officer, there’s only one guarantee: you’ll be paid, and you’ll be paid quite well — we’re talking like six-figure salaries here. Regulatory corporate compliance, on the other hand, isn’t such a surefire thing. [WSJ Law Blog (sub. req.)]
* When it comes to employment data, this law dean claims that using full-time, long-term positions where bar passage is required as a standard to measure success in the employment market is “grossly misleading.” Uhh, come on, seriously? [Am Law Daily]
* “Bar passes and jobs are inextricably tied,” but eight of New York’s 15 law schools had lower bar passage rates than last year for the July exam. Guess which school came in dead last place. [New York Law Journal]
* Dominique Strauss-Kahn officially settled the sexual assault civil lawsuit that was filed against him by Nafissatou Diallo. Given that she thanked “everybody all over the world,” it was probably a nice payout. [CNN]
* Steven Keeva, a pioneer in work/life balance publications for lawyers, RIP. [ABA Journal]
[S]chools don’t have to go so far as to declare such specifics to the world as having a sheep farmer and a professional poker player in their graduating class to make some salubrious steps toward being a bit more forthcoming.
– Sarah Zearfoss, Michigan Law’s Senior Assistant Dean for Admissions, Financial Aid, and Career Planning, commenting on the need for increased transparency in the employment statistics law schools present to prospective students who peruse their websites.
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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: