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….
Just outside the window: marble statues of Roman goddesses.
Once upon a time, there lived a beautiful Swedish woman. She came to the United States and studied at an elite college and top law school. After graduation, she went to work at Davis Polk — which is where all the beautiful people work.
While at Davis Polk, this blonde beauty met her Prince Charming — an older, extremely successful M&A partner. They got married at a Caribbean resort, and their wedding made the pages of the New York Times (of course). A few years later, she left the firm to become the general counsel to a global investment bank. Unlike many other power couples, they remain married to this day.
Fairy tales can come true. Let’s learn about a remarkable couple, then ogle their castle in the clouds….
* The Department of Justice announced federal charges against suspected Boston bomber Dzhokhar Tsarnaev yesterday, leaving the decision of whether the death penalty will be sought in Eric Holder’s hands. [National Law Journal]
* Andrew Ceresney, most recently of Debevoise, was appointed to run the SEC’s enforcement bureau alongside George Canellos, an agency veteran. Maybe they’ll both be able to boost morale. [DealBook / New York Times]
* “[T]he best way to find Albany on a map is to look for the intersection of greed and ambition.” Preet Bharara is mad as hell about corruption, and he’s not going to take it anymore. [New York Law Journal]
* If Anthony Weiner decides to join the New York City mayoral race, partners from Am Law 200 firms will be responsible for his second coming thanks to their pre-wiener scandal funding. [Am Law Daily]
* “It’s done. Turn the page. The distraction is over.” The new dean of St. Louis University’s law school would like to move forward from the “slow-motion train wreck” of years past. [St. Louis Post-Dispatch]
The facade of 1067 Fifth Avenue (via Bridge and Tunnel Club).
Each week, the Big Ticket column in the New York Times real estate section records the most expensive housing deal of the prior week. The most recent column focused on a $16.25 million condo on the 42nd floor of the Trump International Hotel and Tower — a two-bedroom apartment, so that works out to a little more than $8 million per bedroom. Welcome to the world of high-end Manhattan real estate.
The second-place sale, clocking in at $8.325 million, took place across town on the Upper East Side. The apartment in question, once inhabited by a notable New York lawyer, will now welcome a high-ranking partner at a top international law firm.
Oh, and he clerked for the Supreme Court, too. Some people truly do lead charmed lives. And wait until you see the pictures of his new residence….
It’s hard out here for authors of judicial memoirs who are not named Sonia Sotomayor. Just ask Judge Frederic Block (E.D.N.Y.), a federal trial judge in Brooklyn since 1994 and the author of an appealing new book, Disrobed: An Inside Look at the Life and Work of a Federal Trial Judge (affiliate link). In Disrobed, Judge Block describes his surprising rise from small-town Long Island lawyer to Article III aristocracy, where he has presided over cases involving the Crown Heights riots, Kitty Genovese, mob boss Peter Gotti, and other headline-making subjects.
The book has received several favorable notices. Writing in the New York Times, Sam Roberts described Disrobed as an “engaging” book that provides “a rare look behind decision-making on the federal bench.” Over at Simple Justice, Scott Greenfield called the memoir a “well-written,” “easy and quick read,” by a “quite well-regarded” judge. I’ve read the book myself, and I concur with Roberts and Greenfield.
But even though the book has sold well, exceeding the expectations of its publisher, Thomson Reuters, Disrobed hasn’t attained the bestselling status of Justice Sotomayor’s My Beloved World (affiliate link). And this makes Judge Block a little sad, as he confessed to me when I recently visited him in chambers.
Especially because Judge Block came painfully close to what would have been a big, big break….
I guess soda pushers will have to go back to slinging rocks.
In case you haven’t been following along with developments inside Mike Bloomberg’s militarized nanny state, last year our elected tyrant outlawed the sale of soda in sizes over 16 ounces at movie theaters and other public places. The mayor felt that nobody needed more than 16 ounces of soda in one sitting, notwithstanding the fact that nobody asked him what my mother thinks.
New York City is the logical starting point for this occasional series highlighting law schools in specific locales. New Yorkers’ self-regard is bloated enough to believe they are at the Center of the Universe and that everything that happens there is naturally interesting to everyone, everywhere. The ATL Insider Survey asks, among other things, current law students to rate how their schools are doing in terms of academics, career counseling, financial aid advising, practical/clinical training, and social life.
Behind the blue door lies a world of great beauty.
You’d expect a top mergers-and-acquisitions lawyer to have excellent business sense. So it shouldn’t be surprising to learn that an M&A partner at a leading law firm bought a Manhattan townhouse for $837,000 that is now probably worth more than $7 million.
It’s a gorgeous home, very tastefully decorated (which can’t be said of all our Lawyerly Lairs). Let’s see some pictures and learn more about it, including the identities of the owners….
I don’t even know why I did it, it’s just not me man. I’ve never done anything like this in my life. This is not Ramiro. I’m not a macho guy. I don’t even know how to swim.
– Ramiro Ocasio, a records assistant at Kirkland & Ellis, commenting on his subway heroism. Last week, Ocasio selflessly jumped off the subway platform to come to the aid of an elderly man who had fallen onto the tracks. The Q train arrived less than ten seconds after they were out of harm’s way.
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.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.
Whether you’re fresh off the bar exam or hitting your stride after hanging a shingle a few years ago, one thing’s for certain: independent attorneys who start a solo or small-law practice live with a certain amount of stress.
Non-attorneys would think the stress comes from preparing for a big trial, deposing a hostile witness, or crafting the perfect contract for a picky client.
But that’s nothing compared to the constant, nagging, real-life kind, the kind you get from the day-to-day grind of being a law-abiding attorney.
Connecticut plaintiffs-side boutique litigation firm (12 lawyers) seeks full-time associate with 2-4 years litigation experience, top tier undergraduate and law school education. Journal or clerkship experience a plus; highest ethical standards and strong work ethic required. Familiarity with Connecticut state court legal practice is preferred, but not required.
The firm handles sophisticated, high-end cases for plaintiffs, including individuals and businesses with significant claims in a wide array of matters. Our cases often have important public policy implications, and are litigated in state and federal courts throughout Connecticut. Representative areas of practice include medical malpractice, catastrophic personal injury, business torts, deceptive trade practices and other complex commercial litigation, and products liability.
Additional information can be located on our website, at www.sgtlaw.com.