I recently participated in an excellent symposium about the future of legal education that was sponsored by the Seton Hall Law Review. Congratulations to the law review editors on putting on a great event, and thanks to them for inviting me to be a part of it.
Most of the presentations took the form of detailed papers that will be published in the law school’s symposium issue. But there were a few moments of levity, represented by the following seven notable quotations (comments that I found either amusing or interesting):
This law school has a healthy approach to slimming down.
Layoffs continue to march through law firms. We reported yet another layoff story earlier today.
But now we have some happy news to share, regarding potential layoffs that were averted. A law school that was contemplating junior-faculty layoffs fortunately won’t have to go through with the cuts it had been contemplating.
Which law school achieved this feat? And what lessons might it have to offer to other law schools that are attempting to rightsize themselves in this challenging environment for legal education?
Untenured law professors are not protected from pink slips.
As law school applications continue to decline, law schools must make hard choices. A law school can maintain the size of its entering class — and the revenue stream generated by those students — but at the cost of lowering its admissions standards. Or a law school can shrink the size of its entering class, accepting the decline in revenue to maintain the caliber of its student body, and make up for the lost revenue by cutting costs.
In my view, the second approach is superior. As the legal job market continues to shrink, with even top law firms conducting large-scale layoffs, it makes sense for law schools to produce fewer graduates. The legal profession is “right-sizing,” and law schools should follow suit.
But even if the second approach is better than the first, it’s not without pain. Last week, we heard reports of one law school basically axing its entire junior faculty. All of the untenured professors received notice that their contracts might not be renewed for the 2014-2015 academic year. Ouch.
As is so often the case, though, there’s more to this story than meets the eye….
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: email@example.com.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.