The book that everyone’s talking about right now is Capital in the Twenty-First Century by French economist Thomas Piketty. In his bestselling, critically acclaimed, 600-page tome, Piketty documents and diagnoses the growth of income inequality in the United States and around the world.
What’s true for the global economy seems to be true for law firms as well. As we mentioned in Morning Docket, the American Lawyer just released the latest Am Law 100 rankings, the biggest rankings in the world of Biglaw. Here’s the key takeaway, captured in the magazine’s headline: “The Super Rich Get Richer.”
How rich are the “Super Rich” these days? Let’s peek at those profits per partner….
* Meow! Last week, in a rare move, Justice Sonia Sotomayor let the world see that she’s not exactly the best of friends with Chief Justice John Roberts through her fiery dissent in the Schuette affirmative action case. [National Law Journal]
* The Am Law 100 law firm rankings are out, and 2013 is being described as a “middling” year for most Biglaw firms. On the bright side, it looks like the big and rich got even bigger and richer. We’ll have more on this later. [American Lawyer]
* Secrets, secrets are no fun: The search for a new dean is on at George Washington University Law, but professors say they were “sworn to secrecy” on the candidates who’ve visited campus. [GW Hatchet]
* “It’s not about me getting the money; it’s about showing the NFL you can’t do this.” Ex-Vikings punter Chris Kluwe may sue the team after being cut for expressing positive views on gay marriage. [NBC Sports]
* Donald Sterling’s wife ain’t sayin’ V. Stiviano is a gold digger — she’s alleging V. Stiviano is a gold digger. This, plus the accusations of racism against Sterling, is a flagrant foul. [L.A. Now / Los Angeles Times]
So, you rocked your college grades, steamrolled the LSAT, impressed/conned/bribed your professors into writing outstanding recommendation letters, crafted the perfect law school résumé, and rounded out all of that perfection with an ideal theme for your personal statement and supplementary essays. Now, the only thing left to do is pick your law school out of the pile of admissions offers flooding your mailbox. Good problem to have, but how do you choose?
This is a matter we’ve given some thought to, and we suggest that you may want to use these three factors to make your decision. (Now, these three factors assume that your goal is to get a reasonably high-paying Biglaw or “medium law” type job. If that’s not your goal, the second section of this article will be much more relevant to you.)
Earlier this week, Time magazine released the Time 100, its annual list of the 100 most influential people in the world. This year, the same number of lawyers are present on the list as in last year’s legion of law lovers, and many of them are considered household names.
Although lawyers represent 14 percent of this list, only a handful of them were recognized for their work in the legal profession. Some of the representative career alternatives for attorneys on this list include leaders of the free world, television journalists, and arbiters of athletic fairness.
So which legal eagles soared into the Time 100, and were there any repeat honorees? Let’s find out…
I really don’t like this categorization of schools as first, second, and third-tier. The U.S. News and World Report rankings of law schools are an abomination. The legal profession and the country would be better off if they were eliminated.
I’ve got to give this law school credit for having stones. It’s one thing for law schools to lie or mislead prospective students about their employment numbers. It’s another thing for a law school to spin its U.S. News Law School Ranking in the most “positive” way it can think of.
But this law school here, these people just straight made up a number for its “Above the Law” ranking, as if somehow “Above the Law” wouldn’t notice! That’s some gumption, man. That’s like trying to adversely possess a house that is currently occupied. Good lord.
The school is telling prospective students that it ranks #77 on Above the Law’s employment rankings… which is interesting because Above the Law doesn’t DO an “employment ranking,” and our soon to be released law school rankings only go up to #50…
Women continue to have a hard time in the law. Whether they’re being told not to show cleavage, dress like “ignorant sluts,” or wear hooker heels, they just can’t the respect they deserve. In an environment like this, where women are perceived as lesser beings and one is expected to bring baked goods to the office just because she happens to have breasts, achieving a sense of work/life balance seems like an incredibly lofty goal.
The Yale Law Women just came out with their annual list of the top ten family friendly firms. We cover this list every year (see our posts from 2013, 2012, 2011, 2010, 2009, and 2008). This year’s list changed very dramatically from last year’s: only three of the firms have returned.
Which firms made the cut? Which firms had the best options available to both women and men? Let’s take a look at the latest ranking for the most family-friendly firms…
File this one under #firstworldproblems. Today we have a guy who got into the University of Chicago Law School and Duke Law School, and he’s getting money from both.
But he’s getting a little more money from Duke… which is about as close as you’ll ever get Duke to admitting that it’s not “the Harvard of the South” because Harvard wouldn’t give you a dime to draw you away from the UofC (no offense, Brian Leiter).
So what should this guy do, other than be happy and email ATL about his good fortune? Well, you probably need a little more information…
* A key member of Khalid Sheikh Mohammed’s defense team is leaving the Army because they were going to force him to leave the defense to attend a graduate course in Virginia. The kneejerk, liberal reaction is that this is a conspiracy to derail his defense. I highly doubt it. From my experience, the Army’s counterproductive decisions are staunchly arbitrary. [Huffington Post]
* Derek Khanna takes on the Aereo case before the Supreme Court ruins it for all of us. [Politix]
* Britain’s just like a cute little America. They have conservative politicians trying to win votes through nonsensical religious exclusion too. [What About Clients]
* Last time we checked in on Judge Carlos Cortez, he was defending himself against charges that he strangled and threatened to kill a girlfriend. Apparently things have gotten much, much darker down there in Texas. [Dallas Morning News]
Before taking on the massive commitment and expense of a law school education, prospective students need to do some serious homework. But let’s face it: not everyone will. The prospect of analyzing the available data is sufficiently great that many won’t bother.
In spite of concerns that rankings “facilitate laziness” or “pervert incentives,” we can agree that rankings aren’t going to disappear any time soon. People will still demand guidance, preferably in the form of easy-to-understand lists. For our part, ATL will continue to produce our own version of law school rankings. (We are releasing the 2014 rankings next Tuesday. You can register to see a live broadcast here.)
Last week we surveyed our readers for their views on what would be the most relevant elements of a law school rankings methodology. What did the readers have to say?
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: firstname.lastname@example.org.
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.