For the past few years, the National Law Journal has been publishing a list of the best law schools to go to if you want to work in Biglaw after graduation. But through the lens of this annual report, we can see some of the changes that have happened in a profession that’s been in transition ever since the Great Recession. From layoffs to law firm collapses, Biglaw has faced many difficulties, and these challenges have been passed on to would-be associates when it comes to hiring.
Take, for example, the hiring scene in 2008, when the law school that earned the highest honors on the NLJ’s report could brag about sending 70.5 percent of its graduates to top law firms. Although we’ve started paving the road to recovery after several sluggish years, the employment picture for law students hasn’t rebounded to those levels.
Slowly but surely, it’s been getting better. In fact, this year, the future for law students seeking Biglaw jobs looks “marginally brighter.” But how much better? Let’s find out….
We’ve written before about the ridiculous National Jurist Best Law School Rankings. Many law bloggers have written about this list that looks like it was put together by getting the Sorting Hat drunk on goblets of fire water and forcing it to name law schools until it passed out.
We’ve all tried to reason with the National Jurist, but it turns out that effort was not unlike trying to convince an infant not to poop while you’re eating. We’d have been better off just ignoring it and cleaning it up later.
The publication came out with an “edit” yesterday, and while its revisions did a good job of highlighting how stupid these rankings were in the first place, I’m compelled to write about them just so nobody is fooled into thinking their “updates” have actually fixed anything….
He’s smiling because he has long forgotten that night at the printers.
Folks often overlook the value of a good 401k plan. But in Biglaw, a good 401k plan is essential because lost in the cocktail of a good salary, crippling debt, and 5-Hour-Energy-fueled document reviews is the fact that you need to start planning for retirement now. Look, there’s a couple ways this legal career is going to go: you can become rich and not even need to care, or more likely you’ll eventually end up as a permanent associate, government lawyer, low-level in-house functionary, academic, temp attorney, or worse, blogger.
The point is you need to set up your road to retirement while you’re still rolling in Benjamins and ordering Seamless at 3 a.m.
Thankfully, someone has gone to the trouble of ranking 401k plans offered by law firms. Without further ado, let’s see those rankings!
Well… I guess the further ado of clicking through to see the full story….
* In the wake of the Montana zombie scare, the Canadians have decided to begin preparing for a zombie invasion from the United States. I just hope zombies are vulnerable to hockey sticks. [The Faculty Lounge]
* Some savvy law students from Indiana looked at the job market and said, “Let’s brew beer instead!” And then they named the beer Black Acre. [The Indiana Lawyer]
* National Jurist is going to “correct” its rankings. But don’t worry, it’s going to keep the Rate My Professors score. That doesn’t bode well for Columbia Law. [Volokh Conspiracy]
These days, it seems like every media outlet that has any remote connection to the law is making an effort to dispel the allure of the esteemed U.S. News law school rankings. U.S. News encourages law school administrators to attempt to game the rankings, they say. The U.S. News rankings are too focused on the test scores of incoming students, they say. And while we agree that some of the U.S. News methodology could be changed for the better, others have only offered up absurdities in their alternative ranking systems.
National Jurist recently came out with its own set of rankings which measure much lauded criteria like the number of Super Lawyers each law school produces, and the quality of each law school’s faculty, as measured by the oft revered website, RateMyProfessors.com. And as with the glorious Cooley rankings, any traction that the new National Jurist rankings might have received went totally out the window when the powers that be at the magazine decided to rank Alabama higher than both Harvard and Yale. Come on, everyone knows that the only place ‘Bama should be ranked ahead of Harvard is on a football field!
As far as we’re concerned, this serves only as an exercise in how not to make a new rankings system….
When it comes to all-important law school rankings, law schools follow the juvenile, Cosmo-esque dating advice of pretending they don’t care while secretly making every decision, consciously or unconsciously, with an eye toward maximizing their appeal.
And that’s not the worst thing in the world. The rankings are there because we generally agree that they measure stuff we want law schools to maximize. But if the rankings counted, say, “employment X months after graduation,” in a down market, the urge for law schools to manipulate that figure is on par with scoring another heroin fix.
Even if it means hiring the students directly to boost the numbers. Schools around the country have been doing this for quite some time.
At one prominent law school, the number of students in school-funded jobs is climbing. Is this a sign that the job market for recent law school graduates has yet to bottom out?
It’s about that time: law school tuition deposits are due in a few weeks, and the class of 2016 will soon be bilked out of hundreds of thousands of dollars in exchange for questionable promises of an improving entry-level job market. So obviously this is a great time for rolling out the latest set of dubious law school rankings.
While GradPrograms ranked the top 25 student-rated law schools, as well as the best law schools for financial aid, we’ve decided to focus on one of the most important parts of the law school experience: your social life. Now let’s be perfectly clear, if these were colleges, they’d be called “party schools.” But because they’re law schools, there needs to be an air of highbrow prestige — hence these “social life” rankings.
Let’s find where you can go to law school and still party your face off….
We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at email@example.com in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
In a land that is right here and in a time that is right now, a technology has arisen so powerful that it can replace basic human document review. Is it time to bow down before our new robot overlords?
First, here’s a little story about me: my life in the legal world began as a paralegal. My first case was a GIANT patent infringement case that was already six years old and had involved as many as five companies, multiple US courts, the ITC and an international standards committee. I knew nothing about any of this.
On my first day, my supervisor (a paralegal with at least eight other cases driving her crazy) sat me down in front of a Concordance database with a 100,000+ patents and patent file histories. “Code these,” she said. I learned that “coding”, for the purposes of this exercise, meant manually typing the inventor’s name, the title of the patent, the assignee, the file date, and other objective data for each document. I worked on that project – and only that project – for at least the first six months of my job. After a week or so, time began to blur.
What I know, in retrospect and with absolutely certainty, is that as time began to blur, so did my judgment. So did my attention to detail. If you could tell me that I did not make at least one mistake a day – one inconsistent spelling, one reversed day and month, one incorrectly spaced title – I frankly would need to see your evidence. I would not believe it. The human mind is trainable but it is not a machine.
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