Law School Enrollment

The Am Law 100 average spread is 11.1 to 1.

* If you’ve been dying to know what the partner compensation spread looks like at your firm, then we’ve got your fix. Check out the insane 23 to 1 spread over at Perkins Coie. [Am Law Daily]

* “It’s a complete structural change, and it’s not going away. The end result is fewer graduates, and fewer law schools.” With enrollment still dropping, the end seems near. [Boston Globe]

* “I predicted the collapse of legal education, but I didn’t quite predict how bad it would be.” Dean Frank Wu of UC Hastings Law is fighting his way out of a rankings slump. Good luck. [The Recorder]

* Widener is the latest law school to roll out a solo / small firm incubator. Only grads from the class of 2014 may apply. Earlier grads are ineligible because they presumably have jobs… maybe. [PennLive.com]

* You may think Chief Justice Roberts and Justice Scalia are “stuck in the past” and “disconnected from the real world,” but you may be wrong. You can read Uncertain Justice (affiliate link), by Laurence Tribe and Joshua Matz, to find out why. [New York Times]

* A judge has denied bail for the Georgia man accused of sending sext messages during his seven-hour work day while his 22-month-old son was left to die in his hot car. Ugh, this is terribly sad news. :( [CNN]

Hope Solo

* SCOTUS justices’ financial disclosures revealed that none of them received gifts worth reporting in 2013. Either their friends have gotten cheaper, or they have fewer friends. Aww. [Legal Times]

* Here’s a headline we’ve been seeing for years, but people are still ignoring it in small droves: “Jobs Are Still Scarce for New Law School Grads.” The struggle is real. [Businessweek]

* Law schools, in an effort to avoid their own extinction, are all adapting to their new enrollment issues in different ways. We’ll see which was effective in a few years. [U.S. News University Connection]

* Quite the “divorce” train wreck we’ve got here, if only they were legally wed: This lawyer allegedly duped his “wife” into a fake marriage, and is trying to evict her from his $1 million lawyerly lair. [New York Post]

* You may have heard that Hope Solo allegedly assaulted her sister and nephew, but her lawyer says that’s simply not true. It was the drunk soccer star who needed shin guards that night. [Associated Press]

* The Coalition for Court Transparency sent a letter to Chief Justice John Roberts, pleading that he allow cameras in the courtroom. Not sure how well this will go over, thanks to last month’s oral arguments interruption by a protestor. [Legal Times]

* Hot on the heels of the news that the firm posted its worst financial performance in six years, Bingham McCutcheon is leaking laterals. Morgan Lewis just poached four lawyers across three cities right out from under the firm’s nose. [Am Law Daily]

* Now that the U.S. News 2015 Law School Rankings are out, here’s Kyle McEntee of Law School Transparency to tell you what’s wrong with them, particularly, that not every school is the “best.” [Law.com]

* If you were a law school dean, we sincerely hope you’d just live with the consequences of an enrollment decline instead of lowering your admission standards to put more asses in seats. [National Law Journal]

* Nancy Grace must defend herself against a defamation suit filed by Michael Skakel. It’s almost fitting that she’d get sued over talking about someone allegedly masturbating in a tree. [Hollywood Reporter]

* It’s apparently time to pay your fair share. Obama wants to close the pesky tax loophole that’s allowed rich professionals, like lawyers, to get away with being rich professionals for so long. [Legal Times]

* On this episode of As the Weil Turns, we take a look at the firm’s tumbling gross revenue, profits per partner, revenue per lawyer, and headcount. Don’t worry, Weil’s just “repositioning.” [Am Law Daily]

* The American Bar Association released the dirt on 1L enrollment declines at law schools nationwide, and some schools got totally massacred. Pray yours wasn’t one of them. [National Law Journal]

* “[T]hey’d probably make the school year longer and bring the cost up for each year.” We sure hope these pre-law students aren’t right about the dubious cost factor behind the two-year law degree. [The Hoya]

* Who owns the copyright to the Oscar selfie? Does it belong to Ellen DeGeneres, or Bradley Cooper? If you want to get technical about it (and you do, you’re a lawyer), check out this legal round-up. [The Wire]

For the past few years, law schools have been in a state of crisis, and it’s getting worse. Prospective students just aren’t as interested as they used to be in borrowing up to six figures of government Monopoly money in the hope of surviving the post-graduation gauntlet of legal employment. At last count, applicants were down 11.1 percent from this time last year, and national 1L enrollment is down 24 percent from where it was in 2010.

Unable to keep up with the changing times and put asses in seats, law schools are doing anything they can to cut costs — up to and including laying off faculty and staff. Amid hefty declines in enrollment, some schools seem to be struggling.

But which law schools have suffered most? Even though law is a profession obsessed with rankings, this is one list your school probably doesn’t want to be on…

double red triangle arrows Continue reading “Ouch: The Law Schools With The Biggest Drops In Enrollment Since 2010″

Linear extrapolations are widely suspected of being unreliable, but maybe not widely enough. Stated differently, it’s a category error to engage in static, not dynamic, analysis. Stated yet differently, the interesting challenge is almost never to ask, “What can we do to solve this problem?” but instead, “What happens after we take this approach to solving the problem?”

Here’s an example. A long-running contributor to structural disequilibrium in the metropolitan New York traffic congestion pattern is that bridges across the East River are toll-free, whereas almost all other bridges and tunnels in the area carry tolls as high as $12 one-way. Not surprisingly, the East River bridges are chronically congested and “over capacity.” (The experts’ knowing diagnosis that they’re “over capacity” always amuses me; drivers are paying in time, not money: The “capacity” of the bridges is what it always has been.) So periodically proposals are floated to impose tolls on these bridges, with seemingly reliable projections of how much revenue would be collected based on today’s vehicle traffic multiplied by the average toll.

This is a linear extrapolation, a static analysis, and it’s wrong. It overlooks the question, “How will people alter their behavior in light of the tolls?” Obviously, the answer is that some will carpool, some will take mass transit, some will telecommute more often, some will use different combinations of bridges and tunnels. Whatever happens, toll revenue will fall short of {[today's traffic volume] x [proposed toll]}.

Now, in law school land, we have a stunning example of market dynamics at work….

double red triangle arrows Continue reading “From Across the Desk: Students Outsmart Professors?”

Law school’s epitaph?

* “No one calls me Justice Sotomayor and no one calls Justice Kagan Justice Ginsberg. It’s an exhilarating change.” Back in the day, people used to mistake the Notorious RBG for Justice Sandra Day O’Connor. How rude. [WSJ Law Blog (sub. req.)]

* Eversheds, the national U.K. law firm that sounds like it’s an outdoor storage emporium, has elected a new chairman. Congrats to Paul Smith, who specializes in environmental law, and will begin his four-year term on May 1. [Am Law Daily]

* In his last year of service, California Treasurer Bill Lockyer will moonlight in Brown Rudnick’s Irvine office. Critics think this move “looks and smells bad.” If it’s brown, flush it down? [Bloomberg]

* Down 11 percent from last year, this fall, law schools enrolled the fewest amount of students since 1975, when there were only 163 ABA-accredited schools. Too bad tuition’s still so high. [National Law Journal]

* Aaron Hernandez is now facing a wrongful death suit filed by Odin Lloyd’s family. Without anything else to say about this sports-related legal news, here’s a picture of Elie Hernandezing. [Associated Press]

* George Zimmerman is an artiste extraordinaire, and one of his paintings is currently for sale on eBay where the price has been bid up to $110,100. The guy’s almost as talented as George W. Bush. [CNN]