In fairness, only one legal story dominated the week. The Zimmerman verdict provided a new twist daily. It even got Kim Kardashian involved, which was a relief to the unwashed masses waiting to hear how a spoiled sex-tape star would react to a verdict at the intersection of race and gun policy.
But the most newsworthy verdict in years was not the only thing happening this week, regardless of what CNN would like you to believe…
This study isn’t throwing darts at a dartboard, this study is going up to the dartboard, placing the darts where you want, and then hoping nobody notices.
I don’t know how the intellectually dishonest people who try to trick people into going to law school based on misleading statistics sleep at night. It’s one thing to see economic drivel rerouted through the admissions mouthpieces who are just looking to make a sale to keep their jobs. But when it comes from law deans or law professors — people who are supposed to be educators and apply a modicum of rigorous intellectual thought to their writings — it’s just sad.
We’ve got another one of these “studies” that purports to show that a law degree is actually quite valuable, while blatantly ignoring all of the things that have led to ruinous financial consequences for so many students drawn into the clutches of law school. I was going to ignore it: partially because I’ve knocked down all these terrible arguments before when looking at the intellectual drivel emanating from the Denver Sturm College of Law, partially because I wonder sometimes if giving these smoke and mirror studies the light of day does more harm than good.
But, tipsters are emailing in and the ridiculous claim is the lead story on other websites, so whatever, let’s address the claim that a law degree is worth $1 million dollars over the course of a lifetime…
Please note the UPDATE at the end of this post, with commentary from Professor Michael Simkovic.
* Pass the ammunition? After facing a court-mandated deadline from the Seventh Circuit, Illinois is now the last state in the country to have legalized the concealed carrying of firearms. [Chicago Tribune]
* Now that SCOTUS has punted on the question of gay marriage, other plaintiffs are stepping forward to sue for the right to wed. Next up, a challenge to Pennsylvania’s ban on equality. [Legal Intelligencer]
* James “Whitey” Bulger let f-bombs fly across the courtroom during his trial yesterday when his former partner took the stand to testify against the mob boss. Once a Masshole, always a Masshole. [CNN]
Untenured law professors are not protected from pink slips.
As law school applications continue to decline, law schools must make hard choices. A law school can maintain the size of its entering class — and the revenue stream generated by those students — but at the cost of lowering its admissions standards. Or a law school can shrink the size of its entering class, accepting the decline in revenue to maintain the caliber of its student body, and make up for the lost revenue by cutting costs.
In my view, the second approach is superior. As the legal job market continues to shrink, with even top law firms conducting large-scale layoffs, it makes sense for law schools to produce fewer graduates. The legal profession is “right-sizing,” and law schools should follow suit.
But even if the second approach is better than the first, it’s not without pain. Last week, we heard reports of one law school basically axing its entire junior faculty. All of the untenured professors received notice that their contracts might not be renewed for the 2014-2015 academic year. Ouch.
As is so often the case, though, there’s more to this story than meets the eye….
Employers in Finland are legally prohibited from running web searches on job applicants. This anti-Googling rule seeks to protect privacy.
We don’t take that approach here in the United States. Although running internet searches on job applicants can raise legalissues, the practice is generally permissible.
So it’s important for current and aspiring employees to maintain clean digital footprints. You never know when an employer, like an elite international law firm, might learn of your criminal past, like your prior conviction for a sex offense….
Please note the UPDATE added below regarding the nature of the offense.
As all sentient beings are aware, we have a terrible, horrible, no good, very bad legal job market. According to NALP data, the industry is down 50,000 jobs since 2008 and there is no reason to believe they will ever reappear. If you ignore school-funded positions (5% of the total number of jobs), this market is worse than its previous low point of 1993-1994. In light of these grim economic realities, we feel that potential law students should prioritize their future job prospects over other factors in deciding whether to attend law school. To put it mildly, inputs- (LSATs, GPAs, per capita spending, etc.) and reputational survey-based law school rankings schemes have proved unsatisfactory. Hence our release last week of the ATL Top 50 Law Schools, which is based on nothing but outcomes.
(Although he probably disapproves of all rankings, it must be said that the legal world owes a great debt to Kyle McEntee and his colleagues at Law School Transparency. LST has forced us all to look at the publicly available employment data, submitted by the schools to the ABA, in a more meaningful way. Like all good ideas, it seems obvious in retrospect.)
We received a ton of feedback and comments regarding our rankings and our methodology, much of it thoughtful and substantive. (Our very own Elie Mystal weighed in with this takedown the day after we published.) Quite a few recurrent criticisms emerged from the comments. Of course there’s no perfect dataset or methodology. At best, rankings are a useful simulacrum and just one of many tools available to 0Ls for researching and comparing schools.
What follows are the most common criticisms of the ATL Top 50 Law Firms rankings….
New York City is the logical starting point for this occasional series highlighting law schools in specific locales. New Yorkers’ self-regard is bloated enough to believe they are at the Center of the Universe and that everything that happens there is naturally interesting to everyone, everywhere. The ATL Insider Survey asks, among other things, current law students to rate how their schools are doing in terms of academics, career counseling, financial aid advising, practical/clinical training, and social life.
It’s already tomorrow somewhere, and things seem okay.
* I’m happy to have spent this last day on Earth with you. And with professors Paul Campos and Brian Tamanaha telling you how law school is a raw deal. [HuffPost Live]
* Meanwhile, Seton Hall will be offering a tuition “discount” to students based on merit. Which is really just what a lot of law schools have been doing to try to fill seats as people become more aware of the problems with legal education. [National Law Journal]
* I didn’t know there were freaking idiots out there who thought that Israel had more lax gun laws than we do. But they don’t. Because Israelis like being safe. [Huffington Post]
* And if you think more lax gun laws in Russia would make the murder rate there go down, you are probably the kind of dumbass who thinks you can look into Putin’s eyes and see his soul. [Atlantic]
* So when former U.S. Olympian Suzy Favor Hamilton admits to it, it’s called “prostitution,” but when we’re doing essentially the same story about Ryan Lochte in 10 years, we’re going to call it “sex addiction” or something. [Chicago Tribune]
* Oh mon dieu! Cela ne semble pas bon! As confirmed by The Lawyer, Nixon Peabody will definitely be closing its four-year-old international outpost in Paris, France, leaving the firm with only two offices outside of the United States. Triste. [Am Law Daily]
* “I just wanted somebody to pat me on the head.” Aww, all this former Winston & Strawn partner wanted was for someone to tell him he was a good boy, so he helped Kenneth Starr launder money. At least he didn’t get jail time. [New York Law Journal]
* Sorry, lady, but when you work in an HR capacity and you publish tripe about gays not being civil rights victims because they “choose” their lifestyle, the Sixth Circuit will just laugh at your appeal. [National Law Journal]
* At least one law school has gotten the point that tuition is too damn high. Starting next year, Seton Hall Law will allow qualifying first-year students to save about 50 percent on the cost of attendance. [Associated Press]
* What are some benefits of taking a gap year between the completion of your undergraduate degree and law school? Well, for one, you might reconsider your decision to enroll. [Law Admissions Lowdown / U.S. News]
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: