Law School Debts
* Law School Transparency? Nay, Biglaw Transparency! Peter Kalis, global managing partner of K&L Gates, just opened the kimono wide on his firm’s financial performance in an “unusually detailed” fashion. [Wall Street Journal (sub. req.)]
* Talk about a pain in the pocketbook: according to American Lawyer, profits per partner and revenues are slowly swirling down the drain at several Biglaw firms, with shrinkage of 16 percent in PPP at one firm. [Thomson Reuters News & Insight]
* The ABA is just now thinking of trying to find someone who will audit the graduate employment data that law schools release each year. Gee, it only took 15 fraud lawsuits to get the ball rolling. [National Law Journal]
* Oh my God, you guys, carrying six figures of law school debt on your shoulders is “unsustainable” in the long run, especially when your salary sucks. This is new information that no one’s heard before. [News-Gazette]
* Former U.S. Attorney Jim Letten is now Tulane Law’s new assistant dean for experiential learning. For the school’s sake, hopefully he’ll be able to control his students better than he did his AUSAs. [Tulane Hullabaloo]
* “You’re a cold-blooded murderer and I’ll stare you down until I die.” Drew Peterson was sentenced to 38 years in prison for the murder of his third wife. A sequel to the Lifetime movie is likely forthcoming. [Reuters]
At Recommind, we regularly take the initiative to learn what lessons can be distilled from firms that are having real success in discovery practice. Here are five of them…
* The revised transcript from the day Justice Thomas spoke during oral arguments has arrived, and it seems his record for not having asked a single question from the bench is still intact. [WSJ Law Blog (sub. req.)]
* The Seventh Circuit ruled on Indiana’s social media ban for sex offenders, and the internet’s filth will be pleased to know they can tweet about underage girls to their heart’s content. [National Law Journal]
* Propaganda from the dean of a state law school: lawyers from private schools are forcing taxpayers to bear the brunt of their higher debt loads with higher fees associated with their services. [Spokesman-Review]
* Rhode Island is now the only state in New England where same-sex couples can’t get married, but that may change as soon as the state Senate gets its act together, sooo… we may be waiting a while. [New York Times]
* It’ll be hard to document every suit filed against Lance Armstrong, but this one was amusing. Now people want their money back after buying his autobiography because they say it’s a work of fiction. [Bloomberg]
We need to stop and think before arming weird people with law degrees…
Wherein a disgruntled law grad quits his crappy retail job, only to find another crappy retail job.
If you were unable to get a law job, would you be willing to pay a fee to get legal experience?
Can students stop an unjustified tuition hike?
Regardless of how protected you think you are, TCPA lawsuits continue to rise. With a 70% increase since 2012, it’s clear that companies are putting themselves at risk each day they de-prioritize their protection strategy. Attend this webinar to learn how you can help clients protect themselves. (Sponsored)
Why not sell the rights to your name to pay off your law school loan debt? Great idea, nothing bad could happen because of this!
Airplanes / Aviation, American Bar Association / ABA, Antitrust, Arnold & Porter, Biglaw, Confirmations, Crime, Deaths, Department of Justice, Hate Crimes, John Roberts, Law Schools, Morning Docket, Murder, Patents, SCOTUS, Student Loans, Supreme Court, Travel / Vacation, Trendspotting, Violence
* 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]
* Remember when Rutgers-Camden Law said “many top students” were making bank after graduation? Yeah, about that: Law School Transparency just filed an ABA complaint. [Thomson Reuters News & Insight]
* Here are some law school trends to look out for in 2013. FYI, the applicant pool is smaller because no one wants to foolishly gamble on their careers anymore. [Law Admissions Lowdown / U.S. News & World Report]
* 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]
One university helps its medical students while continuing to fleece its law students…
Has the day of reckoning finally come for student loan companies? Sallie Mae just got sued….
Happy holidays from your law school loan servicers, you’ve been kicked off IBR!
I’ll say it again, making law school affordable means that you shouldn’t have to sell a book in order to pay off your debts…
* Mirror, mirror, on the wall, which is the fairest firm of them all? According to the 2012 Acritas Brand Index survey, the current leader of the Global 100 is the most powerful Biglaw brand for the fifth year in a row. [American Lawyer]
* But that might not last for long, considering the dilemma Baker & McKenzie is facing when it comes to joining the Shanghai Bar Association in China. The firm is one of the first to indicate that it’ll take the plunge. [Wall Street Journal]
* Thanks to the Second Circuit, Rajat Gupta will be a free man on bail pending the appeal of his insider trading conviction. We wonder what Benula Bensam would have to say about this new twist. [DealBook / New York Times]
* Jason Smiekel, the lawyer who pleaded guilty in a murder-for-hire plot involving a former client, was sentenced to eight and a half years in federal prison. The things men will do for HHHBs. [Chicago Tribune]
* Student loan payments: coming to a paycheck deduction near you! Congress is considering an overhaul of the country’s student debt collection practices, and Rep. Tom Petri has some interesting ideas. [Bloomberg]
* The Cleveland-Marshall College of Law is the latest school to hop aboard the solo practice incubator train, but graduates will have to rent their office space from the school. Nice. /sarcasm [National Law Journal]
* “We didn’t file this complaint lightly.” Sorry, Judge Norman, but as it turns out, you can’t just sentence a teenager to attend church for 10 years as a condition of parole without pissing off the ACLU. [Tulsa World]
* When your alterations cost more than your wedding gown, it’s pretty much a given that you’ll have some problems — ones worth suing over, if you’re a true bridezilla (like moi). [Thomson Reuters News & Insight]
The Ethicist invents a rosy scenario in which law schools are meeting their moral responsibilities. But the facts of the law school business model point towards more sinister motives…
* Allowing abortions only in cases where the life of the mother is at stake doesn’t actually protect the life of the mother. [Slate]
* Chief Justice Roberts decided that living in a glass house shouldn’t prevent him from throwing a few stones. [Atlantic]
* It’s that time of year when we start seeing lists of things to buy for the lawyers in your life. [Constitutional Daily]
* You realize that people aren’t actually going to pay these loans back, you know. [Economix / New York Times]
* Wow, there was a whole day in New York City where nobody got shot, stabbed, or raped. [Reuters]
* While you contemplate living in a dangerous city, check out this list of most dangerous campuses. [Business Insider]
* Hopefully you guys have noticed Above the Law in the News category on the ABA Blawg 100, but don’t forget to look at all the different sections and vote for your favorite sites. [ABA Journal]