I previously wrote about the depressing prospects for graduates of all but the top ten or twenty law schools (“Two Law Grad Markets”). And yes, these were statistical generalizations, and the experience of specific individuals with particular skills and backgrounds will always be different, pro and con. But as an industry, if you care about our supply chain for talent, many law schools are burning platforms.
There are actually some closely connected problems driving this dynamic:
More JDs are being turned out each year than there are (a) full-time, (b) long-term jobs, (c) requiring bar passage, (d) at current salary levels;
perhaps the primary reason for the mismatch between supply of JDs and current demand for them (about two supplied for every one today’s market is demanding) is that clients increasingly resist paying for junior associates, which makes it uneconomic for firms to invest in traditional training;
but/and at the same time, every sentient observer is painfully aware that vast segments of the U.S. population — consumers and businesses alike — remain underserved by lawyers.
This would prompt any economist to ask, almost instinctively, “Why isn’t there a market-clearing price where supply and demand can meet?” Which is another way of asking, “What if there were a way to address both these problems at a single stroke?”
The debate over “practice ready” legal education continues. Some schools aggressively tout their new clinics and secretly (or not-so-secretly) hoped that the ABA would let them abolish tenure altogether so they can start exclusively hiring cheaper instructors. Opponents defend the difficult position that a hundred-year-old educational model based around cloistered professors should be left more or less untouched.
That’s why articles that take unique, nuanced approaches — like tackling the issue from the perspective of encouraging professors, rather than students, to take time out to practice in the “real world” — are so intriguing. Here comes another one from a professor who attacks a lot of the underlying premises in this debate by really asking what a practice-ready education would really look like.
The answer is a lot more like med school, which is probably not going to make a lot of people happy….
Last week, we focused a lot on a controversial study about the economic value of going to law school. Today, I want to look at some more useful approaches to the question.
Looking at the lifetime earnings of of J.D. holders compared to people with undergraduate-only education based on historical data about J.D. earnings couldn’t have less to do with the current decisions facing prospective law students. Prospective law students are looking at a shifting market for legal employment, and they are dealing with skyrocketing tuition. Are there any studies that are looking at the economic value for them?
In fact, there are… and while the outlook doesn’t paint the rosy picture some law professors seem really invested in, there are rational arguments available for those who want to convince people to go to law school…
A couple weeks ago, we shared with you some of our survey data, which showed that, generally speaking, law students’ experiences with their schools degrade over time. The ATL Insider Survey asks law students and alumni to rate their schools in the areas of academic instruction, career counseling, financial aid advising, practical/clinical training, and social life. When the ratings by first-year students are compared with those of third-years, the 3L scores are lower across the board, in all categories. In other words, the longer students are exposed to their schools, the lower their regard for the institution becomes. More equals worse.
We wondered whether or how this downward trajectory manifests itself after the students become alumni. After the jump, we compare the perceptions of students to those of graduates. The answer may surprise you, but probably not. Also, we identify the law schools where there is the greatest contrast between the views of current students and alumni — both negatively and positively….
* The Village Voice is stepping away from Backpage due to its ties to sex trafficking. “This so unfair! Everyone loves online prostitution,” said no one ever (okay fine, a lot of people probably say that). [paidContent]
* Cybersecurity, drones, and smackdowns, oh my! [Lawfare]
* Right now, millions of taxpayer dollars fund legal scholarship. Considering how expensive law review articles seem to be, it’d be nice if law professors could techcite their own material before turning it over to law review peons associate staff members for further review. [PrawfsBlawg]
* We actually needed 25 volumes of things you can’t do on a plane? Apparently common sense is a relic these days. [Legal Blog Watch]
* Should you go to law school? That’s apparently the question on everyone’s mind, so Professor Deborah Merritt of Ohio State Law and Kyle McEntee of Law School Transparency are here to help you out. [NerdWallet]
It’s that time of year again. First-year students of the bright-eyed and bushy-tailed variety are frolicking into law schools across the country for their first week of classes, blissfully unaware of the jaded upperclassmen who inhabit the same building. At this point, the biggest worry of 1Ls is whether they’ll be highlighting their books in rainbow colors — that, and if they’ll be able to get into their lockers.
In this edition of Locker Wars, we meet a member of the class of 2015 who fears that the administration at his law school already considers his classmates “dullards” because they’ve locked themselves out of their lockers so many times that an instructional video had to be sent out….
It’s over! Do a little dance, make a little noise, get down tonight… etc. etc. As most of you probably know, the bar exam was last week. Duh. Our three Bar Review Diarists thankfully made it through the test without dealing with nightmares like rats or murdered cats, but they do have some interesting stories to tell.
Jeanette, Nathan, and Andrew, you just took the bar exam… how does it feel?
Well, here we are, just one week ago until those fateful days. How are Nathan, Jeanette, and Andrew doing? Well, understandably they feel a little under the gun.
Our Bar Review Diarists all seem to have their own last-minute procrastination tools: Nathan went to a music festival, Jeanette watches bad television, and Andrew continues making far-out pop culture references. All perfectly normal, perfectly healthy….
If you are considering a virtual law practice, you know that many of today’s solo firms started that way. But why are established, multi-attorney law firms going virtual?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Reduces malpractice risk
Enables you to gather the best attorneys to fit the firm, regardless of each person’s geographic location
Leverages mobile devices and cloud technology to enable on-the-spot client and prospect communication
Transitioning in-house is something many (if not most) firm lawyers find themselves considering at some point. For many, it’s the first step in their career that isn’t simply a function of picking the best option available based on a ranking system.
Unknown territory feels high-risk, and can have the effect of steering many of us towards the well-greased channels into large, established companies.
For those who may be open to something more entrepreneurial, there is far less information available. No recruiter is calling every week with offers and details.
In sponsorship with Betterment, ATL and David Lat will moderate a panel about life in-house and we’ll hear from GCs at Birchbox, Gawker Media, Squarespace, Bonobos, and Betterment. Drinks, snacks, networking, and a great time guaranteed. Invite your colleagues, but RSVP fast, as space is limited.
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.