If your Facebook news feed is anything like mine, by now you’ve probably seen the Slate article encouraging people to “Apply to law school now!”, as well as Joe’s biting reply. The beef has gone back and forth. I’m not going to debate the job numbers; that’s been handled more than ably, and those who are willing to make an honest assessment of the job market already have.
Instead I am going to focus on the human cost of losing the law school lottery….
Elie here. Everybody wants a deal. Everybody wants to “beat the market,” and the internet makes us think that we can. If a baby with an e-Trade app can make money, why can’t you? Buy low, sell high: I’m sure I read that on a bumper sticker somewhere, or maybe in the New Yorker.
Increasingly, the internet thinks it’s identified just the right undervalued asset to snap up at a discount: legal education. The decline in law school applications has been sharp and truly shocking to some. It doesn’t make sense that a law degree would suddenly be much less valuable now than it was 5 or 10 or 20 years ago. The value should rebound. The world still needs lawyers. And if you haven’t noticed, or just disregarded, long-term structural changes in the market for legal services, the fact that every law dean will tell you that the market rebound is right around the corner gives you more confidence in your logical assessment. It’s not like every law dean in the country would lie about the value of their product, right?
We can and will continue to debate the likely future value of a legal education. But can we dispense with the notion that purchasing full-price legal education right now involves “buying low”? You are not buying low, you are buying at historically unprecedented heights. Nobody would put “Buy high, hope to sell at fair market price in three years” on a bumper sticker.
And nobody should be putting that on the internet either….
* As I noted yesterday over at Redline, the defense in the NCAA trial is putting up some terrible witnesses. Here’s another example. The NCAA’s expert wrote a textbook. The NCAA might have wanted to check it out before bringing him on to help defend themselves IN AN ANTITRUST CASE. [Twitter / Stewart Mandel]
* Hong Kong lawyers protesting what they see as China meddling. Honestly can you blame China? Ever since Hong Kong let Batman just swoop in and grab that guy, you can’t really trust the Hong Kong legal system. [Reuters]
Many of you have by now seen the Slate article by Jordan Weissmann published yesterday afternoon entitled Apply to Law School Now! Indeed, many readers sent this particular piece along to us through our tips line, deeply concerned. Indeed, one tip came with the message: “Waiting for Elie’s head to explode in 3, 2, 1…”
Well, we’re here to make a confession. Slate sent us a draft copy of this article to edit and darned if we forgot to email over the redlined copy. This piece is therefore totally on us, guys. Don’t blame Slate.
In the interest of rebuilding Slate’s reputation, we’ve attached our redline so we can see how the article would have read with proper editing….
I shouldn’t laugh at this. A recent law school graduate got completely screwed by her own father and I shouldn’t find it so funny.
But I do. I find it goddamn hilarious. The student actually got a clue halfway through law school and decided to drop out. But her father convinced her to stick it out by promising to pay her tuition. She finished, she graduated, and when it came time to pay the bills, Daddy said, “Sorry, I lied.”
Ha. Hahahahaha. When will law students learn that EVERYBODY IS LYING. You know, except me. EVERYBODY ELSE IS LYING…
Earlier this week, Jim Saksa wrote a piece in Slate entitled “You Can Do Anything With A Law Degree,” where he argued that you can’t do everything with a law degree despite the propaganda of the law school-industrial complex. Apparently he didn’t realize you could herd sheep. All in all, it was a great addition to the growing pushback to the lie that it’s a good idea to blow six figures on a legal education even if you aren’t committed to a life at least tangentially in the law and you get into a microwave law school.
It’s already generated some ridiculous defensive blowback. One carefully constructed rebuttal to the Slate piece, attempting to rehabilitate the “law degree as fashionable accessory” argument, looks on its face like a serious challenge. It’s not….
Is it acceptable to say a friendly hello to a Supreme Court justice if you see one of the nine out in public? That’s the question posed in a recent Dear Prudence column. As a federal judicial stalker an Article III groupie myself, I say yes. Because who knows? The justice might give you an autograph (and some free wine).
But some people don’t need to chase after Supreme Court justices. Some people will get to work closely with the members of the high court as law clerks, crafting the opinions that will rule us all.
Thanks to everyone who responded to our recent request for SCOTUS clerk hiring news for October Term 2014. Let’s look at the updated list of clerks hired so far….
I actually think I may yet get married — statistically 90% of people get married at some point. But I would say that love and craziness has overwhelmed my life, and I am trying to write about it, and at the same time tell the story of New York City from 1609 to the present.
This one escaped our attention for a while, but apparently Slate writer Matthew Yglesias set off a war of words a couple weeks ago with an article about the Zimmerman trial and the role of public defenders. Yglesias, best known for having a much better handle on inflation than Ben Bernanke, waded into legal commentary, contrasting Zimmerman’s trial experience with the experience of indigent criminal defendants.
Former public defenders took offense at the article and have taken to the Internet and social media to rip Yglesias. Yglesias has offered an apology and been rebuffed.
Every now and again, attorneys email into Dear Prudence over on Slate and ask the columnist for advice. Then we here at Above the Law read that advice and offer our own, unsolicited versions. It’s fun. It’s like being a know-it-all at a beer garden when somebody mutters “I’ll have a Sam’s” when there’s Goose Island right there on tap.
Today, we have an embarrassment of riches; two attorneys have appeared in recent Dear Prudence columns. They sound entitled and confused, suspicious but trusting, fun for the whole family…
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.