Earlier this week, a tipster sent us a link to a Greedy Associates post entitled “Why Do Lawyers Drink So Much?” My initial thought was “Ugh.” Honestly, somebody writes that article every three months, and every six months we have to write another version of the same story.
The reasons given for lawyer alcoholism are always the same. “Lawyers are only alcoholic because they’re super TYPE A badasses.” “Lawyers hate their jobs and drink to forget.” “It’s not the law that makes people alcoholics, it’s alcoholics who choose the law!”
I was going to ignore this latest Drunks and the Law story, but then the scotch in my coffee kicked in and I thought, “Hey, isn’t it just that lawyers drink because they can?”
Think about it: being a lawyer is a great job to have if you want to drink as much as possible while also having a job…
This scale might not be just, but it's usually truthful.
Recently, I decided I wanted to lose some weight. Not a lot of weight — that would require an entire lifestyle change and result in me eating a lawn or a salad or something. I just wanted to take off the weight I gained from quitting smoking. I asked erstwhile advice columnist Marin what to do, and she simply suggested that I stop drinking soft drinks. I probably go through five Cokes a workday, and that doesn’t include however much I pour into my rum at night. And I don’t drink Diet Coke because it doesn’t taste like Coke so much as it tastes like carbonated liquid s**t.
I ignored Marin and went online. There I found a true cacophony of the dumbest advice ever collected. Searching for porn on the internet results in a more grounded reality than searching for weight loss advice. From magic pills to magic frozen foods and magic workout tapes that can allegedly turn you into an elite kickboxer on steroids in 20 minutes a day, the internet is replete with products that do not work and faulty advice. If I had some venture capital, I’d design an app that comes out of the computer screen and smacks the food out of your mouth every time you search for “weight loss” on Google. It would work.
Not surprisingly, weight loss advice tailored for “professionals” or “lawyers” is equally dumb and unhelpful. Lawyers, especially Biglaw lawyers, have some unique challenges when battling to stay physically respectable. One of those challenges is being too smart for stupid weight loss tips….
Not to be all on Catherine Rampell’s jock today, but the other thing I read in the Economix while I was catching up on the internet seemed far more interesting than imagining Shearman & Sterling partners bitch about how flat profits per partner left them with only $1.56 million, on average, to play around with in 2011.
On the one hand, it’s an obvious point: a study about the most “sleep-deprived” professions found lawyers to average only 7 hours of sleep a night. Only “home health aides” received less sleep.
It doesn’t come as a galloping shock to anybody that lawyers average less sleep than almost anybody else. What did surprise me was the figure. What the hell kind of lazy lawyer is getting seven entire hours of sleep every day?
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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: firstname.lastname@example.org.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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