The Courtship Connection has been on hiatus since the infamous night of the melon-baller. We are back with a vengeance now. We’re doing a last sweep of D.C.’s single lawyers and then moving on to a new town. We’ll let you vote on which lucky city and its lawyers get to be subjected to my questionable matchmaking attempts.
First, we need candidates. Send suggestions for the next Courtship city to [email protected]. We’ll then let you vote. Don’t worry: Miami, L.A., San Francisco, Chicago and Dallas are already on the candidate list.
Now on to news of our latest victims match. I brought a previous candidate off the bench for this one, as I’m short on men (and lesbians — D.C.’s problem is that it has too many single ladies, and not enough of them like the other single ladies). Do you remember the guy who refused to get lost in his date’s brown eyes? Sex-starved but with high standards for chemistry. He agreed to go out on another blind date, but had a request: he wanted his match to be from the T14, even though he is not a grad of the upper echelon of law schools himself. I granted his wish.
Was prestige all that was needed to set his loins afire?
This is what you see in the law firm world. Law firms try to keep up with Cravath, but it might not be financially prudent. You try to keep up with Cravath, and then two or three years later you go bankrupt.
Consider the evidence, from the website of Cravath. We’re guessing this change was made a while ago, perhaps when Cravath overhauled its home page last June, but we didn’t notice it until a Cravath alum pointed it out to us just now.
The U.S. News law school rankings for 2012 are here, y’all. Time to pay tribute to that which is more important to legal educators in this country than anything else.
As is customary here at Above the Law, we will be posting a series of open threads, running through at least the top 100 law schools. These open threads offer you a chance to compare and contrast different schools, praise (or condemn) your alma mater, and talk trash about rival law schools.
We’re not sure what we’ll do with the formerly “tier 3″ schools that have now been graced with numerical rankings by U.S. News. And we have no clue how we’ll handle the formerly “tier 4″ schools, which are now being classified as “tier 2″ schools — but I’ll be a monkey’s uncle before I quietly accept U.S. News’s misleading attempt to recharacterize these schools as “second tier”….
Santa Claus — aka Bob Morse, rankings czar at U.S. News & World Report — is letting us open our presents early (or at least before midnight). The U.S. News law school rankings were supposed to come out on Tuesday, March 15, but Morse and his colleagues at U.S. News kindly posted them sometime around 10 p.m. Eastern time tonight. Yay!
(You’ll recall the same thing happened last year, too. The rankings were supposed to come out on April 15, 2010, but they were made available online by April 14 at 10:30 p.m., when we wrote about them.)
Now, on to the latest rankings — technically the 2012 law school rankings, but “ranked in 2011,” as noted on the U.S. News website.
We’ll start at the top, with a look at the top 14, or so-called “T14,” law schools. For the first time in ages, there’s a newcomer among their ranks. Guess who?
One of my favorite law firm names is Freshfields — Freshfields Bruckhaus Deringer, to be precise, but I prefer Freshfields. It makes me think of rolling green hills, crisp laundered linens, or a dairy, producing the creamiest milk in all the land.
As it turns out, Freshfields is a law firm — a top international law firm, a member of the elite Magic Circle. And this Freshfields is rolling out the green, doling out crisp bills, and ladling out the cream — to its associates. As reported earlier today by Am Law Daily, yesterday Freshfields announced spring bonuses, on the top-of-the-market Cravath scale.
Freshfields isn’t alone. This afternoon, Cadwalader, which was publicly toying with the idea of spring bonuses, announced that it too would pay them, again on the Cravath scale.
These two moves are significant — far more significant than the earlier spring bonus announcements….
Everybody loves law school rankings, but these are special. These rankings are not based on a formula developed in secret by statisticians or prestige gurus. These rankings are put together by you. By us. By the mass of humanity that makes up the general mob. These rankings are crowdsourced.
The Conglomerate is putting together rankings based on what we think. But they’re not going with a straight popular vote. Instead, they’ve got a brilliant set up where they ask you to make a series of comparisons. Which law school do you think is better: SMU or Maryland? The rankings are based on answers to almost 200 questions like that.
I only answered 20 questions, but I’ll do the rest as soon as I get a free moment. It’s fun. Widener or Arkansas? Connecticut or Hastings? Screw what U.S. News thinks, what do you think?
I don’t know how I missed this last week, but a study reported in the WSJ Law Blog claims that law school prestige is overrated. Significantly overrated. The ABA Journal — which picked up the story this morning — summarizes the work of a professor from UCLA and a professor from Brooklyn Law:
[UCLA law professor Richard Sander and Brooklyn Law School visiting professor Jane Yakowitz] studied data from more than 40 public law schools across the country, and found that applicants tend to go to the most elite law school that will have them. But is that a good idea?
Not according to data collected in the American Bar Foundation’s After the JD study of lawyers who entered the bar in 2000, they write. It indicates that the salary boost for achieving high grades more than makes up for the salary depreciation associated with attending a lower‐ranked school. The study also found that lawyers who left law school with the lowest grades felt the least secure about their jobs.
I’m sorry, did anybody’s worldview just get blown up?
We’re rolling through the Vault 2011 list of the “prestigiest” firms in the land, so that you can comment on what it’s like to actually live, work, and breathe those firms (when you’re not choking on all the prestige in the air).
We’ve covered #1-10 and #11-20. Here’s the next round-up. Now it’s time for the London-based Magic Circle firms to join in the elite fun:
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: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
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:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.