National Association for Law Placement (NALP)

* Oh, by the way Dewey & LeBoeuf partners, the little contribution plan you signed that received court approval last week might not protect you from your former landlord’s claims for back rent. Hope you’ve all got an extra $45 million sitting in the bank. [Am Law Daily]

* Louisiana Supreme Court Justice Bernette Johnson will finally get to claim her seat as chief justice of the state’s high court after official judicial recognition — on both the state and federal level — that the year 1994 does indeed come before 1995. [Bloomberg]

* No matter how hard law school administrators wish it were so, or how much they beg Jim Leipold of NALP, he’s never going to be able to describe the current entry-level legal job market as “good.” [WSJ Law Blog]

* NYU Law School is changing its third-year program in the hopes of making a “good” market materialize. If you ship students to foreign countries for class, maybe they’ll get jobs there. [DealBook / New York Times]

* “[W]e’re determined to do everything we can to help them find jobs and meaningful careers.” We bet Brooklyn Law’s dean is also determined to avoid more litigation about employment statistics. [New York Law Journal]

* Has the other shoe finally dropped? After the Second Circuit ruled that YSL could sell monochromatic shoes, the fashion house decided to drop its trademark counterclaims against Christian Louboutin. [Businessweek]

We haven’t had a good New York to 190 post in a while, and maybe there’s a reason for that. While many associates (and partners) feel that they’re long overdue for a raise, starting salaries have grown stagnant in New York — and across the country, for that matter. Remember back in 2007 when we first reported that Simpson Thacher raised incoming associates’ base salaries to $160,000? That was five years ago, and these days, you’ll be lucky if you’re making what you would’ve been taking home before that $15K salary bump.

While that $160K sweet spot for first-years is still the norm in many large markets, it’s no longer as widespread as it once was. In fact, that figure represents only 46 percent of first-year salaries in firms with more than 700 lawyers — and that percentage has been on a steady decline since 2009, when layoffs and terror ran rampant in Biglaw.

Sorry about that tiny pink paycheck of yours….

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Don’t look so sad; it is possible to bounce back from a career setback.

Last week we covered news of associate layoffs and summer associate no-offers over at Winston & Strawn. We heard primarily from sources who were upset over the news, and because the firm declined to comment on personnel matters, we didn’t hear Winston’s side of the story. But now, thanks to some helpful sources, we have a few pro-Winston comments that we will now share.

First, the number of “stealth layoff” victims may have been overstated. According to word on the street among Chicago associates, “while some people were let go, 30 seems pretty high.”

Second, it seems the layoffs were focused in Chicago; other offices may have escaped relatively unscathed. According to a source in Winston’s New York office, “nobody has heard about layoffs” there.

Third, the changes to the timing of associate reviews — which were viewed by some as ominous, perhaps laying the groundwork for additional cuts — may actually be quite innocent. Said a source: “The review cycle was also moved forward for some classes and back for others, but it is part of a general re-vamp of the evaluation process, and I’m not convinced there are any sinister motives behind it.”

Fourth, although the firm’s Chicago office doled out a relatively high number of no-offers — about 10 out of 30 summer associates did not get offers of permanent employment — we hear that this was primarily a Chicago phenomenon. As noted by a commenter, “The offer percentages are, to the best of my knowledge, significantly higher in the other offices.”

Of course, after our story we also received additional criticism of Winston, to which we now turn….

Please note the addition of multiple UPDATES, after the jump.

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Last month, the National Association for Law Placement (NALP) released information about the overall employment rate for the class of 2011 — information that seemed dismal, at best. The American Bar Association then followed up with its own employment data, and it was “just as dire” as everyone expected, if not worse.

We know that the overall employment rate for the class of 2011 is lower than it’s been in 17 years. But even members of the class of 2011 who managed to secure employment have been screwed. Median starting salaries for new law school graduates have dropped by 35% over the past two years.

Since prospective law students are not great with facts and numbers, NALP was kind enough to put together some pretty pictures to help people understand….

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There's no legal angle to this picture, and this picture is not involved in any of the blurbs.

* How many cops does it take to kill a man? [Simple Justice]

* Professor Paul Campos has been having fun with the NALP numbers. Well, fun for him, and for me. Less fun for anybody unlucky enough to have been part of the class of 2011. [Inside the Law School Scam]

* And if you don’t like to read, here’s some video about how bad the job market is for the class of 2011. ARE YOU LISTENING, PROSPECTIVE LAW STUDENTS? CAN YOU TAKE IN AND PROCESS INFORMATION? [Bloomberg Law]

* How come my anonymous readers don’t drop $25 million on me? I’d name a whole wing of my new house after them. And give them a T-shirt. [Thomson Reuters News & Insight]

* In the recession, we cling to what we have instead of striking out into the unknown. In related news: if you leave your law job, there’ll be a stampede of people happy to take your spot. [What About Clients?]

* I don’t even think you should be allowed to defend yourself pro se. [Underdog]

* Southwestern Law’s Dean Bryant Garth is stepping down. One of these days, somebody will let me run a law school. [Southwestern Law School]

We try to provide some balance in our coverage of law schools. Last night, for example, we posted our latest round of law school success stories, to balance some of the more depressing fare in our pages — such as the $10K a year lawyer job being offered to Boston College Law School students, which the law school defended vigorously.

At the same time, we have to report the reality that’s before us. And that reality isn’t always pretty.

Which brings us to today’s topic, the latest employment data from our friends at the National Association for Law Placement (NALP)….

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Well, I’m back in New York. It’s cold, it’s rainy, there’s no barbecue, and I’ve been sober for hours. Austin, I miss you already.

But I wasn’t in Austin to have tremendous fun, good food, and become introduced to this new concept of “closing” that doesn’t really exist in NYC. There was a conference to attend, and I’m here to report on how to get a job at a small law firm.

Because chances are, the career counselors at your law school aren’t really going to be able to help you.

At NALP 2012, I attended a panel called: “Raising Your School’s Profile in the Land of Opportunity: The Smaller Firm Market.” I figured the room would be overflowing, considering smaller firms are the only firms where hiring is on the rise. But the panel was just regularly attended, not “holy God, missing this would be a dereliction of my duty” attended (only panels with the words “social media” in the name needed overflow seating). The presenters were knowledgeable, and the attendees were eager to learn, but it seems that way too many schools are still stuck in a Biglaw or bust model that isn’t responding to the new hiring realities for most students….

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This is Elie Mystal, coming to you live from Austin, Texas, and the 2012 conference of the National Association of Law Placement. It’s my favorite annual conference, because every year, NALP just gets all the law school career services officers and all the law firm recruiters in a room, and tells them all the trends in legal hiring. We’re not talking about anecdotal evidence or law firm spin. It’s the one time each year we get to look at some hard numbers.

And in case you live under a rock, let me tell that every year since the recession, the numbers get more and more terrible. Looking at some of these statistics is as close as you can come to physically witnessing a dream die a horrible, mangled death.

This year, the numbers are worse than ever! And that’s the good news. NALP’s Executive Director, Jim Leipold, thinks that we’ve probably “hit the bottom” in terms of new associate hiring, with the class of 2011 suffering the absolute nadir of this process. While he doesn’t know if things will get significantly better any time soon, he figures they pretty much can’t get any worse.

Yay!

Does anybody want to hear the bad news?

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Obtaining a summer associate position at a major law firm remains difficult. That’s the upshot of a recent report (PDF) issued by our friends at NALP. You can read summaries of the report at the NALP website and at the ABA Journal. This quip, by NALP executive director Jim Leipold, pretty much says it all: “This is not a hot recruiting market.”

Given that employers are still in the driver’s seat, at least when it comes to entry-level recruiting — recruiting of lateral lawyers, whether associates or partners, is a different kettle of fish — you’d think that law firms would use this opportunity to experiment a bit with fall recruiting. There are some interesting alternatives out there to the standard model of 20- to 30-minute screening interviews, typically held in the summer before or early fall of the 2L year, followed by callback interviews at the firms. E.g., JD Match (disclosure: a past ATL advertiser).

But law firms, as we know, are a conservative group. They tend to stick with existing models, even if those models are imperfect.

Well, most law firms. Nobody ever accused Quinn Emanuel of not daring to be different….

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The National Association for Law Placement (NALP) has produced an extremely useful chart for people trying to figure out where to start their Biglaw careers. They’ve listed the cities that give you the most bang for your buck if you land a high paying Biglaw job.

And boy, are New York City associates going to feel stupid.

The NALP “buying power index” sets New York as the baseline. It takes the median starting salary for the class of 2010 and the NYC cost of living index and sets that figure at 1.00. Cities with a better purchasing power than NYC have a value greater than 1.00.

New York ranks #42.

Most of the high-ranking cities also have the benefit of warmth….

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