Prospective Law Students

Earlier this week, we asked readers to submit possible captions for this picture of an egregious typo sent out by the admissions office of the St. Thomas University School of Law (click on the image to enlarge it):

Now that you’ve voted on the finalists, it’s time to announce the winner of our contest….

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On Monday, we asked readers to submit possible captions for this picture of an egregious typo sent out by the admissions office of the St. Thomas University School of Law (click on the image to enlarge it):

Let’s have a look at what our readers came up with, and vote on the finalists….

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Who doesn’t love a good typo? We certainly do here at Above the Law (which is why we make so many; we’re just trying to amuse you — and to test the proofreading skills of the commenters).

Typos can be quite funny, especially when committed by leading law firms. As long as they don’t hurt your clients by costing them millions, they generally amount to harmless fun.

Everyone knows that typos happen — like a certain other thing. Which brings us to today’s caption contest….

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He’s great at servicing clients.

* Morrison & Foerster just snagged a major government player for its global anti-corruption practice. Congrats to the firm on adding Charles Duross, formerly of the DOJ’s FCPA program, as a partner. [Washington Post]

* General counsel are keeping more and more work in-house, “presumably in order to minimize outside counsel spend.” In the alternative, it could be because the lawyers from the firms are too arrogant. [Corporate Counsel]

* If you dare to reject the Facebook friend request of the judge who’s presiding over your divorce case, then you can count on some retaliation in court. You can also count on the judge getting removed. [WSJ Law Blog]

* If you postponed applying to law school, please think long and hard about why you stopped applying the first time. Only take this advice if anything’s actually changed — like your grades, your LSAT score, or the job market. [Law Admissions Lowdown / U.S. News & World Report]

* “This is a case to restore faith in the old-fashioned idea that divorce is something that lasts forever.” Steven A. Cohen is getting off when it comes to his ex-wife’s RICO claims, but not much else. [Reuters]

Leigh Dollard: Hmm, apply to law school or pay my bills?

Have you heard of Tips for Jesus? Since September 2013, this incredibly rich mystery man — rumored to be Jack Selby, formerly of PayPal — has been traveling the country, dropping insane tips of up to $10,000 wherever he wines and dines. He’s “[d]oing the Lord’s work, one tip at a time,” and he’s documented this journey of generosity by taking pictures of his checks and uploading them to his Instagram account. He hasn’t explicitly stated why Jesus is involved, but who cares, it’s free money. This man knows the service industry can be thankless, so he’s giving back in the best way he knows how.

The cash that Tips for Jesus has laid out has been completely life-changing for some of its recipients. One of the latest beneficiaries of his kindness was a cocktail waitress in California who received a $5,000 tip this past weekend. What’s she planning to do with the money?

She wants to be a lawyer….

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* A Supreme Court whose members are still afraid of using email will most likely have the final say on the NSA case, one of the biggest technology and privacy rulings in ages. Well, that’s comforting. [Talking Points Memo]

* Pittsburgh firm Buchanan Ingersoll & Rooney is reportedly in merger talks with Tampa firm Fowler White Boggs. Boy, a merger between two firms from lackluster cities sure sounds promising. [Daily Business Review]

* Law professors are completely outraged by the ABA’s proposal to cut tenure from its law school accreditation requirements. Quick, somebody write a law review article no one will read about it! [National Law Journal]

* Struggling to find a topic for your law school personal statement? You should ask someone who knows next to nothing about you and your life for advice. [Law Admissions Lowdown / U.S. News & World Report]

* Michael E. Schmidt, the lawyer killed in a police firefight, had some interesting things in his apartment, including a “green leafy substance,” a “white powdery substance,” and lots of pills. [Dallas Morning News]

Last week, we looked at which Biglaw firms were the highest rated in 2013 by their own lawyers, according to the ATL Insider Survey. As we noted, we’ve amassed in excess of 15,500 responses to our survey from practicing lawyers and law students. The information from our survey provides our readers with a deep resource for comparing and evaluating schools and firms, particularly in the form of our Law Firm and Law School Directories.

Today, we continue to milk the “it’s a New Year/here’s a list” format and present 2013’s highest-rated law schools. Please note this is not to be confused with the ATL Law School Rankings, which assess schools based on a range of employment outcomes (and which are coming out later this year). These ratings are a pure function of how schools were rated by current students in the areas of academics, financial aid advising, career services, practical/clinical training, and social life.

More clues that these are not the ATL Law School Rankings: Northeastern beats Northwestern, while Yale and Harvard do not even make the cut…

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Linear extrapolations are widely suspected of being unreliable, but maybe not widely enough. Stated differently, it’s a category error to engage in static, not dynamic, analysis. Stated yet differently, the interesting challenge is almost never to ask, “What can we do to solve this problem?” but instead, “What happens after we take this approach to solving the problem?”

Here’s an example. A long-running contributor to structural disequilibrium in the metropolitan New York traffic congestion pattern is that bridges across the East River are toll-free, whereas almost all other bridges and tunnels in the area carry tolls as high as $12 one-way. Not surprisingly, the East River bridges are chronically congested and “over capacity.” (The experts’ knowing diagnosis that they’re “over capacity” always amuses me; drivers are paying in time, not money: The “capacity” of the bridges is what it always has been.) So periodically proposals are floated to impose tolls on these bridges, with seemingly reliable projections of how much revenue would be collected based on today’s vehicle traffic multiplied by the average toll.

This is a linear extrapolation, a static analysis, and it’s wrong. It overlooks the question, “How will people alter their behavior in light of the tolls?” Obviously, the answer is that some will carpool, some will take mass transit, some will telecommute more often, some will use different combinations of bridges and tunnels. Whatever happens, toll revenue will fall short of {[today's traffic volume] x [proposed toll]}.

Now, in law school land, we have a stunning example of market dynamics at work….

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Ugh, not worth it, girl. You can’t even get rich from that anymore.

– A prospective law student overheard on the train this morning. Her seatmate later told her not to even think about dating a lawyer — “they’re all so, so poor… it’s kind of sad, you know?”

Some guy on Twitter was complaining that Above the Law focuses too much on the negative side of going to law school. Apparently this person mistakes us for a law school admissions office — people who ignore facts when they don’t fit their happy-clappy narrative. We do bring you some law school success stories when we hear of good ones. Do you know why those stories are “news”? Because law schools are so effective at leading people down a path of career frustration and financial ruin that when somebody beats the odds, it’s mildly noteworthy.

Law school is a good investment for some, and a terrible one for many. We say that all the time. The problem is that law schools do not give people enough information to assess whether or not they should go. The problem is that some law schools actively mislead people who are trying to make a sound decision. The problem is that even when law school “works out,” the tuition charged often vastly outstrips the value of the degree.

Sure, some people will succeed despite the high cost, misleading information, and weak job market. Law schools want you to think that those successful people are the norm, but really they are the outliers. (And, given the events of today, I guess I have to say that the folks who contemplate suicide are also outliers.)

This guy who recently bared his underachieving soul to Business Insider is the norm. This guy making $45,000 while carrying $200,000 of law school debt has the kind of life law students should prepare themselves for, regardless of what the admissions brochures and the guy on Twitter who made everything work out will tell you….

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