Greetings from Sin City. Elie and I are in town for a debate we’re participating in tomorrow on the future of legal education. The debate will take place on Monday at noon in room 102 at UNLV Law School. The event is free and open to the public, and lunch will be provided, so please come if you can. Thanks to the Federalist Society and the American Constitution Society for co-sponsoring. (You can check out the event flyer here.)
While in Las Vegas, in addition to stimulating the local economy by losing money at craps and poker, I paid a visit to the site of a major Above the Law story: the alleged bird beheading that resulted in criminal charges for two Berkeley law students. Here are my observations and photographs….
Last night, we presented our readers with the top-ranked law schools for best social life — party schools, if you will. Everyone oohed and ahhed, and wondered why they hadn’t enrolled at those particular schools. But if it had been a ranking of the law schools with the worst social scene, everyone would’ve taken a look for the pure Schadenfreude of it all.
That ranking doesn’t exist yet, but we’re more than willing to bet that the picture for our latest caption contest comes directly from a law school where you can kiss your dreams of a fabulous social life goodbye….
Some of you must have seen that show Cash Cab on the Discovery Channel. If for some reason you haven’t, here’s what goes down in each and every episode of the show: a good-looking taxi driver carts unknowing passengers around town and offers them the chance to win money by correctly answering trivia questions on the way to their destinations.
If it seems too good to be true, well, it was — alas, lawyers just got invited to ruin the party for everyone else.
Happy New Year from your ATL editors: David Lat, Staci Zaretsky, and Elie Mystal.
We were pleasantly surprised by how many of you seemed to be interested in the pictures from our New Year’s party, and because we’re gluttons for punishment, we’ve decided to give you some more of what you want. And this time, you’ll have the opportunity to offer your delightful insights and commentary on our pictures.
So without further ado, we present to you some additional party pics for your viewing pleasure….
Your ATL editors: David Lat, Staci Zaretsky, and Elie Mystal.
Thanks a lot to everyone who came out on Wednesday night to attend the Above the Law New Year’s party!
The festivities were well-attended, and the bar was full of action — no seriously, there may or may not have been a couple making out the whole night. Thanks to our sponsor, Lateral Link, for such a great evening.
Yeah yeah, we know, it’s the internet, so of course this post is “WWOP.” So let’s get some pics up in here….
* “Almost anything associated with him is necessarily of concern.” Thanks to the D.C. Circuit, Osama bin Laden’s death photos may never see the light of day, no matter how many FOIA requests you file. Sorry, you’ll have to settle for the Oscar-nominated film Zero Dark Thirty. [McClatchy Newspapers]
* Some would argue that the opinions written by Judge Stephen Reinhardt of the Ninth Circuit are like Lex Luthor’s ring in that they keep the heirs of Superman’s co-creator at bay like kryptonite. [WSJ Law Blog (sub. req.)]
* Ay dios mio, al parecer esta es una gran noticia para la escuela! Yale Law has hired Cristina Rodríguez, an expert in immigration law, as its first Hispanic professor in a tenured position. [National Law Journal]
* Prosecutors established probable cause in the Aurora movie theater shooting case and James Holmes has been ordered to stand trial, but his lawyers aren’t ready to enter his likely NGRI plea yet. [Bloomberg]
* Everyone saw this coming, but that doesn’t mean they have to be any less disgusted by it: Jerry Sandusky filed a motion to get a new trial just three months after being sentenced for his sex abuse conviction. [CNN]
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: firstname.lastname@example.org.
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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