If part of your reason for going to law school is that, well, there’ll be a good job that you like and will pay well afterwards, then you’re maybe mistaken. There’s more than 90,000 lawyers in Illinois, and I’m not confident there’s enough jobs. Law school is no longer a safe road to a successful career.
I’m the official “rankings hater” around here, and that hate extends even to rankings that I helped design. There is some useful consumer information in the Above the Law rankings — but it’s also important that consumers understand what is not here, what we didn’t do, and what our rankings can’t tell you.
Let’s talk about that. Let’s talk about what’s wrong with our rankings…
* For the first time ever, someone managed to record secret video footage at SCOTUS during oral arguments — and, of course, it’s secret video footage of the McCutcheon protestor’s outburst. You can check it out after the jump. [Reuters]
* After a brief hospitalization yesterday, Attorney General Eric Holder was discharged from the hospital with a clean bill of health. It looks like he won’t have to go to one of those Obamacare death panels after all! [Washington Post]
* “The trajectory of an associate in a law firm has changed irreversibly.” Ain’t that the truth. But seriously, what happened to all of the Biglaw lawyers who were Lathamed way back in 2009? Here are some of their stories. [Am Law Daily]
* More law schools are trying to convince students to attend by offering scholarships. Tulsa will toss you cash if you’re from the sticks, and TJSL will guarantee you money if you’re smart. [National Law Journal]
* A trial date has been set for accused Colorado movie theater shooter James Holmes. Get ready to see this crazy face on HLN 24 hours a day while Nancy Grace offers her ever insightful commentary. [CNN]
(Keep reading to see the now legendary Supreme Court oral argument protest footage.)
Ed note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Ann K. Levine, a law school admission consultant and owner of LawSchoolExpert.com, offers helpful tips for law school applicants.
Law schools have been increasing their scholarship opportunities in order to lure applicants. Why? Because law school applicants are in demand. Applications are down yet again, and law schools are scrambling to fill their seats. (See TaxProf Blog for exact numbers and trends, year over year.)
As law schools compete for qualified applicants with better scholarships, it may be easier to consider criteria like debt alongside rank and prestige when choosing a law school. As part of this new trend, law schools are adding on scholarship programs to make attending law school more affordable. Villanova Law recently announced an initiative to add 50 full-tuition scholarships for three years, and in-state students at Penn State are being offered $20,000 per year as part of a new scholarship program.
I wish I had the financial wherewithal to join this lawyer in his crusade. Sadly, I’m poor, so my voluminous words on the topic will have to suffice. I can tell people not to go to law school, but this lawyer is willing to pay people to avoid the enterprise.
As part of a project called “Anything But Law School,” a Chicago attorney is offering a $1,000 scholarship to a winning undergraduate who chooses to pursue any post-graduate education besides law school. It won’t make a difference, but it certainly makes a point…
Alas, we’re probably not going to see major change on that front anytime soon. As long as the federal government keeps the loan money flowing, law schools have little incentive to lower tuition.
So, at least for now, we’ll have to settle for more modest measures at controlling cost. For example, law schools can and should devote greater resources to scholarships, which lower the effective price tag of a J.D. degree.
One leading law school just received a gigantic gift — which it’s putting towards scholarships, to its credit. Which law school is on the receiving end of this largesse, and how much is it getting?
Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Ann Levine shares some advice on the law school application process.
1. Asking for fee waivers from schools
Law schools need applications: with application numbers down significantly over the past few years, recruiting the limited number of qualified applicants is a huge concern for most law schools. They need to keep their number of overall applicants high, and their number of admitted students as low as possible. A major strategy for accomplishing this is to offer free applications to some, or even all, applicants. Some schools are offering free applications before a certain date, and some will email you if you meet the pre-determined criteria through the Candidate Referral Service (which you can subscribe to through your LSAC account). You can also obtain application fee waivers by attending a law school fair or LSAC Forum, or simply by asking for them.
Some of the programs against which we compete are very old and rich programs. We do have some scholarships and financial aid, but not a lot … Schools that are very rich are able to fill their classes with the very best kids, and price is no object for them.
There’s a lot less to go around once you descend from the ethereal heights to the altitudes that most of the law school industry subsists at — where we subsist and a great majority of our competitors subsist. Things are tougher for us. There’s a pain cascade that can be discerned where I live, that my rich competitors only have to read about.
Perhaps you remember them differently than I do. I remember a herd (and I don’t think it’s ungenerous to describe them thusly) parked at a table in our library. Bad skin, weight issues, nearsightedness — three-dimensional representations of a Far Side cartoon, hunched over the table in deep meditation. Wisecracks that weren’t wise at all bubbled up from the corners of the action. These were the jesters of this unfortunate royal court. And then suddenly! Action! One of the herd leaned over and subtly, but deftly, turned a stack of playing cards ever-so-slightly to the right. MAGIC!!!!!!???
Magic: The Gathering appeared at my high school seemingly out of nowhere. It appeared, to these eyes, to coalesce the scattered nerdery into a tight circle of “fun.” Lunches were now solemn affairs, after school was now not just a wasteland of sports and athletic enterprise. Time was filled with a card game that combined all the sexiness of Dungeons and Dragons with all of the mental dexterity of Go Fish. Pre-internet, you have to understand, this must have seemed like a godsend to those whose dance cards never involved dances.
And so it is that Magic: The Gathering reappeared on my radar this weekend as the New York Times ran a piece about its continuing popularity and recent beneficence. Specifically, the dorkiest game of all time is doing its part to make law school more affordable for the few, the proud, the Poindexters…
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
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.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: