* All your base are belong to… Rick Santorum? Error! Malfunction! Super Tuesday was not quite as super as Mitt Romney was hoping for. Looks like it’s time to reprogram the Mitt-bot so he can conquer the true conservatives. [CNN]
* Complete pwnage: a handful of LulzSec hacktivists were arrested after their leader, an FBI informant, turned on them. How will this affect the Anonymous movement? More importantly, who cares? [New York Times]
* No postponements for you, Casey Anthony. Try as she might, the acquitted ex-MILF just can’t escape the defamation lawsuit filed by a woman who was only supposed to be make believe. [Washington Post]
* Kodak got the go-ahead for a $950M bankruptcy financing deal. Just think, if you had taken pictures using a film camera instead of a digital one, we probably wouldn’t be telling you about this. [Bloomberg]
* Rod Blagojevich will report to prison for his 14-year sentence on March 15, and he hopes to do so with “dignity” (i.e., no cameras). But you can be damn sure he’ll have his hair did, just in case. [Chicago Tribune]
* To be fair, the University of Maryland School of Law doesn’t really have time to worry about that parking job. The university might have to pay up to $500K in legal fees thanks to a lawsuit filed by the school’s environmental law clinic. [National Law Journal]
Yesterday, we brought you news of a job opportunity that is currently available on the University of Maryland School of Law’s Symplicity job bank. When we first wrote about the listing, we called it a “career services nightmare.” After all, the job had more to do with orange parking cones than the law.
As it turns out, the powers that be at Maryland Law weren’t very happy that Above the Law called them out. Instead of hanging their heads in shame for trying to sell a job as a parking garage manager to its students, the career development office issued a vigorous defense of this exciting opportunity in vehicular supervision and coordination.
The email was written by the assistant dean for career development herself. What did she have to say?
It was rumored that the law school’s dean, Phoebe Haddon, fought valiantly to keep tuition from rising due to students’ hefty debt loads and the “impact of the economic downturn on the legal employment market.” At the time, we gave Maryland Law major kudos for protecting its students from tuition increases. Now, we wonder if a just little more tuition money would have prevented this career services nightmare.
As it turns out, even students who attend a top 50 law school are in danger of landing awful jobs, especially when the career development office is offering up gems like this one….
If your law school sells its naming rights but keeps tuition flat, would you protest? That’s the question facing students at the University of Maryland School of Law. They woke up on Monday morning to find out that instead of going to an easily identifiably state law school, they’ll soon be going to something called the Francis King Carey School of Law.
(Good thing you can spell that name without the letter ”T.”)
Of course, so long as U.S. News keeps identifying the school as “Maryland” in some fashion (the same way that “Levin School of Law” never obscures the University of Florida affiliation), I doubt this name change will affect how the school is regarded. And since Maryland is not raising tuition, the administration needed to raise cash in some other fashion.
So all things considered, I’m guessing Maryland Law students are pretty happy with this outcome. Right?
Yesterday we talked about a couple of schools that fell in this year’s U.S. News law school rankings, whose deans promptly devoted school-wide emails making excuses for their programs dropping. Predictably, they criticized U.S. News’s latest methodology, even though this year’s formula did a better job of focusing on factors law students actually care about (like jobs, not donuts).
We asked you to send us other responses from law school administrations regarding this year’s rankings. And, ye Gods, foot soldiers with no clear mission or exit strategy in Afghanistan aren’t bitching and moaning as much as law school deans are just because U.S. News prefers schools that get their students jobs. If these crybaby deans could care about the employment outcomes of their students half as much as they care about the U.S. News rankings, then going to law school wouldn’t be such a financially dangerous option and their schools would do better in the rankings.
Today I just want to focus on a few schools that did better in the rankings this year, yet still found the time to bitch about U.S. News. You expect schools that drop to be dismissive of the rankings, but when schools that are bathed in rankings glory are unsatisfied, that’s a little bit more interesting….
It’s a sad state of affairs when a law school holding the line on tuition is breaking news. But with nearly every other law school rushing to bilk students who will pay anything for a legal education (law schools at Stanford, Arizona State, and Minnesota spring to mind), it’s nice to see at least a couple of schools that regard their students as something more than profit centers.
Maryland announced its tuition freeze in December. The National Law Journal reports that Miami recently announced it would be maintaining a tuition freeze already in place. Now UNH Law is joining their ranks. There’s still plenty of room on this bandwagon if your law school would like to take a brief break from molesting your financial future.
Not that UNH Law is cheap, especially for a third-tier law school. But this tuition freeze is another indication that UNH is at least trying to think about legal education in a somewhat realistic way…
Over the past few weeks we’ve lightly touched on the fight between Maryland State Legislators and Maryland Law School. To bring you up to speed: the Perdue Chicken corporation was annoyed by a lawsuit filed with the aid of Maryland’s Environmental Law Clinic. So, like all good corporations, the bigwigs at Perdue reached into their back pocket and unleashed the Maryland State Senate upon the University. The spineless state politicians ostensibly did what they were told and threatened to withhold hundreds of thousands of dollars from the University unless various conditions were met, including disclosure of privileged information.
I guess it’s nice to know that the American oligarchy is still going strong.
But thankfully, the story doesn’t end there. After weeks of intense public pressure, it appears that the Maryland legislators backed down…
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: email@example.com.
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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