Everything is down because three-quarters of law schools are uncertain about their enrollment and therefore they are less likely to invest in professors. Schools are spending huge amounts more on financial aid to get the student body they want. That’s money that can’t be spent to hire permanent faculty.
* … While John Mara, owner of the WORLD CHAMPION New York Giants, simply revises history. [Forbes]
* Alan Dershowitz received a “D” on his first legal writing assignment. Apparently, his Yale Law School professor, the great Guido Calebresi, told him, “You write like you’re having a conversation with your friends in Brooklyn,” and then helped him work on his technique. Little did Calebresi or Dershowitz know that writing like you’re having a conversation with friends could lead to a successful life as a legal blogger. Boy, did they miss out! [Yale Alumni Magazine]
* Kenny Heitz, an Irell & Manella partner and former UCLA basketball champion, passed away. [Daily News]
Harvard Law School professor Laurence Tribe foresaw the Obamacare Tax Holding, and we’ve got video evidence to prove it….
We know that tuition keeps going up at American law schools. And, for the most part, we know where the money goes. Law schools use tuition money and alumni donations to fund capital projects and law professor salaries. And, at some schools, the law school kicks back some money to the larger university. Law schools are cash cows, and everybody likes money.
Who is to blame for this? It’s hard to say. I tend to blame the American Bar Association, since the ABA is one of the few entities with regulatory authority over legal education (some law students are trying to get the Department of Education involved).
If the ABA will not act, it’s only natural for people to make as much money as possible, with reckless disregard to who gets trampled along the way. But one can find other culprits if you look hard enough. You could blame law school administrators, who are more concerned with money than education. You could blame the students themselves, for willingly forking over all of this cash. You could blame the federal government, for seemingly giving away money without making sure the taxpayers are getting a return on their investment.
But you know who you shouldn’t blame? Law school faculty. That’s right — they might get fancy new buildings and make six-figure salaries, but it’s not really their fault that the cost of a legal education has outstripped its value.
Who among us would not take more money and more perks for doing our same job?
As David Lat said earlier this week, “Here at Above the Law, we’re trying to help you.” Honestly, think of Above the Law as the MPRE, but for situations people in the legal community are actually likely to face. Don’t conduct sensitive firm business on a crowded train. Don’t offer hand-jobs in school-wide emails.
And here’s a good one: don’t reuse exam questions just because you are teaching at a different law school. It’s called “the internet,” professors. Your students have access to it and can find your old questions. If you put in just a little bit of work, you can come up with entirely new exam questions.
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.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!