I should be clear, this isn’t a story about a replica law school building made out of Lego pieces. I’m pretty sure a lot of people have already done that — maybe Nathan Sawaya, lawyer turned Lego artist. And this isn’t a story about a life-sized law school building made out of Lego pieces; I’m pretty sure some online law school has “neato” plans already underway for such a brick-and-mortar plastic-and-Krazy-Glue supplement to their accreditation application to the ABA.
No, this story is about a brand-new, modern, actually quite interesting-looking law school building, which just looks like it was made by a child Colossus playing with a box of interconnecting building blocks. The progressive urban planner in me says, “That’s actually pretty cool.” The righteous crusader in me asks, “Dear GOD, how much did that cost?”
And the legal blogger in me just really wants the name “Lego Law School” to stick around for a generation or two….
* It’s Obamacare week at the Supreme Court, and people have been waiting in line since Friday morning to see the oral arguments. It’s kind of like Black Friday, except more people care about affordable TVs than affordable health care. [New York Times]
* Growth in the NLJ 250 increased by 1.7 percent in 2011. That’s fantastic for Biglaw, but associates at these firms care more about the growth of their bank accounts. Seriously… where are the spring bonuses already? [National Law Journal]
* George Zimmerman’s lawyer says he doesn’t think the “stand your ground” law applies to Trayvon Martin’s shooting. This was just self-defense — against Skittles. [MSNBC]
* The finalists for deanship at Baltimore Law include a Patton Boggs partner, an assistant attorney general, a law school dean, and two law professors. But which will be able to stand up to Bogomolny? [Baltimore Sun]
* Since blogging allows “big personalities” to run free, does the prosecommenter, Sal Perricone, have a bright future ahead of him here at Above the Law? Let’s see what David Lat has to say about that. [Times-Picayune]
* Millionaire John Goodman has been convicted of DUI manslaughter and vehicular homicide charges, and now he’s facing 11.5 to 30 years in prison. Boy is his girlfriend-slash-daughter going to miss him. [CNN]
On Friday, Dean Closius blew the lid off the way the University of Baltimore has been making money off the backs of the UB Law School, despite the down legal economy. Evidently, the UB administration took the weekend to examine its motives. Then, on Monday, UB President Bogomolny struck back hard. He sent an open letter to the U. Baltimore community (and the media), disputing Closius’s claims.
Oh, the University still takes money from the law school. A lot of it. President Bogomolny just claims that the University retains less than Closius says it does.
Yes, these kinds of “juking the stats” discussions are usually handled behind closed doors, but now we all get to see it…
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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