For the first time since 2010, the decline in LSAT test takers has abated, but as we noted previously, “deans shouldn’t start licking each other’s popsicles just yet” — it was only up by 1.1 percent for February takers. Law schools aren’t out of the woods yet, though, and they’re hungry for applicants. To that end, while many law schools are still desperate to fill their seats, they’re even more desperate to protect their coveted yield rate, the percentage of admitted students who actually choose to enroll.
U.S. News recently released a list of the schools with the highest yield rates in 2013. On average, more than half of accepted students ended up enrolling at these schools, but you may be surprised by some that made the list…
About two weeks ago, we reported on a study of the law schools whose graduates earned the highest median starting salaries. The rankings were based on numbers culled from Payscale.com, and if you thought the list looked a bit odd, you weren’t the only ones. “Those median starting salary figures are about as believable as Santa Claus and the Easter Bunny,” remarked one of our commenters, while others cried T14 tears over Penn’s mysterious absence from the list.
Wipe your tears, friends, because today we’ve got a new and improved list for you — one with salary numbers delivered straight from the law schools themselves, including the percentage of recent graduates who reported their salaries.
Which schools are on the new list? Keep reading to find out…
Yesterday, we brought our readers some “startling” statistics about law student debt levels. It seems that average indebtedness for law graduates increased by more than $50,000 between 2004 and 2012, with a typical law student saddled by about $140,000 in loans.
In fairness, those statistics probably weren’t all that startling to our readers — many of them are heavily indebted themselves. In fact, we know that many of them are carrying debt loads that surpass even that six-figure number.
Which law school graduates have the most debt of all? U.S. News has a ranking for that…
Are you ready for MOAR rankings? We certainly hope so, because hot on the heels of the release of the 2015 U.S. News law school rankings, we’ve got yet another set of rankings for you to feast your eyes upon. These rankings, brought to us by Forbes, focus on one of the most-discussed areas when it comes to the value of legal education as of late: starting salaries.
Money makes the world go ’round, and that statement rings especially true today. From your ability to pay your loans to your ability to get a mortgage, your starting salary will likely determine your income over the course of your life — you better hope you start making bank as quickly as possible.
How can you get the best shot of making that happen? Not all law degrees are worth a million dollars, but you might come close to making that much if you attend one of these law schools…
Welcome back to our series of open threads on the latest batch of U.S. News law school rankings. Last time, readers weighed in on the schools that filled out the middle of the traditional first tier (ahh, the good old days when there were more than two). There were some rather significant moves worth noting in that group, like those of William & Mary and the University of Washington. Also worth noting are the schools that disappeared from that list, and now we’ll get to talk about them.
This time around, we’ll be taking a look at the law schools at the bottom of the top 50, the schools that some would argue belong in the traditional “second tier” (no, not the dreaded “rank not published” or “RNP” tier).
These schools might not be at the top, but some of them charge like they’re the cream of the crop…
* Federal district judge who thought he was one of the Hardy Boys gets a benchslap from Judge Rakoff. [Josh Blackman's Blog]
* The dean of the DePaul College of Law, Gregory Mark, is stepping down at the end of the academic year. Administration issues are never fun, but this is better than another story about Augustus Sol Invictus. [Chicago Sun-Times]
* Valerie Ford Jacob, leader of Fried Frank since 2003, is stepping down from her post prior to her official 2015 departure date. At least she’s leaving on a high note, with the firm’s highest profits per partner ever. Yay. [WSJ Law Blog (sub. req.)]
* Ralph Lerner, the ex-Sidley Austin partner who billed extra car charges to his clients, claims he went into work on weekends to do work for free to make up for it. Aww, how nice of him. [Am Law Daily]
* Many New York law schools moved in the recent U.S. News rankings, but not necessarily in the right direction. Four out of 15 schools moved up; the rest stayed the same or slipped. [New York Law Journal]
* Would you like damages with that? McDonald’s corporate and its franchisees are facing lawsuits filed by employees over their allegedly “stolen wages.” Class actions have been filed in three states. [Bloomberg]
* According to a confidential report from Deloitte, another major firm is set to follow in Heenan Blaikie’s footsteps within the next year. The sheer number of “sorries” after another Canadian Biglaw collapse would be simply terrifying. [Legal Post]
* Dean Demleitner of Washington & Lee Law doesn’t think its 3L reform program is to blame for its decline in rank. It’ll “take five to 10 years for the benefits of the program to become apparent.” Oh, that’s great… for the Class of 2023. [Fortune]
* Here’s another look at the U.S. News rankings. Compare Nebraska and Hofstra. One shot up in rank and tuition increased slightly. The other sank like a stone and tuition skyrocketed. [WSJ Law Blog (sub. req.)]
* For the first time in years, the number of LSAT test takers has increased by a whole 1.1 percent year over year. We can guarantee law schools will fight to the death to enroll those 213 students. [LSAT Blog]
* Judge Judy has never sued anyone, but now she’s suing a personal injury firm for using her picture in its ads. Damages recovered will be donated to scholarships for women. Classy lady. [New York Daily News]
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.