Before taking on the massive commitment and expense of a law school education, prospective students need to do some serious homework. But let’s face it: not everyone will. The prospect of analyzing the available data is sufficiently great that many won’t bother.
In spite of concerns that rankings “facilitate laziness” or “pervert incentives,” we can agree that rankings aren’t going to disappear any time soon. People will still demand guidance, preferably in the form of easy-to-understand lists. For our part, ATL will continue to produce our own version of law school rankings. (We are releasing the 2014 rankings next Tuesday. You can register to see a live broadcast here.)
Last week we surveyed our readers for their views on what would be the most relevant elements of a law school rankings methodology. What did the readers have to say?
As 2013 draws to a close, let’s look back at the 10 biggest stories in the legal profession over the past year. This is an annual tradition here at Above the Law, which we’ve done in 2012, 2011, 2010, and 2009. We’ll fire up the old Google Analytics machine to get data on our most popular posts, based on pageviews, and share the results with you.
Before turning to specific stories, let’s look at the top general discussion topics here at ATL. For 2013, our most trafficked category page was Biglaw, which bumped Law Schools out of the top spot — a spot that Law Schools held from 2010 through 2012. Now that the word is out about the perils of getting a law degree, leading to plummeting applications, perhaps it’s time to move on from the “don’t go to law school” narrative.
After Biglaw and Law Schools, our third most-popular category page was, as usual, Bonuses. This wasn’t a terribly exciting year for bonuses — there were no spring bonuses, and Cravath and its many followers paid out the same bonuses as last year — but people still want to know the score.
Our fourth most-popular category page was small law firms. Small firms, including boutiques, are an area of increasing focus and readership for us — and also where many of the job opportunities are these days.
Moving on from the topic pages, what were the 10 most popular individual posts at Above the Law in 2013?
We’re familiar with the fact that the number of law school applicants is down. Indeed, quite a bit of metaphorical ink has been spilled on analyzing the ramifications of this trend on law school applications. For instance, the WSJ Law Blog recently ran a story analyzing the LSAT scores at top law schools. Somewhat surprisingly, the numbers were fairly consistent with previous years, despite fewer applicants. Above The Law followed up with the analysis of a few additional schools, though all were still T14 (with the exception of ATL’s favorite whipping boy, Cooley). And, of course, we here at Blueprint analyzed these changes and discussed how to use them to your advantage.
So the implications of the decrease in law school applicants have been fairly well documented for top law schools. However, only a small minority of law students will be applying to them, and an even smaller amount attending. This begs the question: What’s going on further down the law school chain?
Just yesterday, the latest batch of starry-eyed dreamers sat for the LSAT (although the number of these hopeful 0Ls seems to be in freefall). As they wait for the scores to come in, these aspiring JDs will no doubt be doing their research and narrowing down where to apply. Law school applicants have no shortage of resources at their disposal to help them in making their decisions and navigating the process: from U.S. News to Princeton Review, from Anna Ivey to Top Law Schools. But we all know that there is no decision-making tool as beloved as a ranked list. People love rankings — such time and energy savers! We suspect more application and matriculation decisions are made by perusing rankings than will ever be admitted to.
Regular readers of this site might recall that a little while back we published our inaugural ATL Top 50 Law Schools ranking. We are proud that we, rather than burying our methodology in the footnotes or an obscure appendix, prefaced our rankings release with a detailed discussion about the choices we made in devising our methodology.
Whatever the subject matter, anyone looking to rate or rank anything has to make some choices between three basic methodological approaches:
As all sentient beings are aware, we have a terrible, horrible, no good, very bad legal job market. According to NALP data, the industry is down 50,000 jobs since 2008 and there is no reason to believe they will ever reappear. If you ignore school-funded positions (5% of the total number of jobs), this market is worse than its previous low point of 1993-1994. In light of these grim economic realities, we feel that potential law students should prioritize their future job prospects over other factors in deciding whether to attend law school. To put it mildly, inputs- (LSATs, GPAs, per capita spending, etc.) and reputational survey-based law school rankings schemes have proved unsatisfactory. Hence our release last week of the ATL Top 50 Law Schools, which is based on nothing but outcomes.
(Although he probably disapproves of all rankings, it must be said that the legal world owes a great debt to Kyle McEntee and his colleagues at Law School Transparency. LST has forced us all to look at the publicly available employment data, submitted by the schools to the ABA, in a more meaningful way. Like all good ideas, it seems obvious in retrospect.)
We received a ton of feedback and comments regarding our rankings and our methodology, much of it thoughtful and substantive. (Our very own Elie Mystal weighed in with this takedown the day after we published.) Quite a few recurrent criticisms emerged from the comments. Of course there’s no perfect dataset or methodology. At best, rankings are a useful simulacrum and just one of many tools available to 0Ls for researching and comparing schools.
What follows are the most common criticisms of the ATL Top 50 Law Firms rankings….
We present the inaugural ATL Top 50 Law School Rankings. Our rankings methodology is based purely on outcomes, especially on the schools’ success in placing its graduates into quality, real attorney jobs.
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…
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 protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.