The legal job market has been so bad for so long that it hardly even feels like news when we get more information that stinks.
But the terrible legal economy apparently counted as “emergency” news to the students at SMU. At least, that’s how the dean sees it. Students report that Dean John B. Attanasio called an emergency meeting last week to update students about the job market.
UPDATE: SMU sources now report that it wasn’t an “emergency” meeting, but a mandatory graduation meeting.
During the meeting, the dean revealed that he saw the terrible legal economy coming as far back as 2008. Which makes you wonder why he didn’t call such a meeting back in 2008…
SMU Dedman School of Law is now officially willing to pay law firms to hire its graduates. The school is calling its new program “Test Drive,” which adds a nice layer of hilarity: Toyota wouldn’t pay me to test drive a Camry.
Even the logo for this program screams sadness:
Let’s look at the blast email from SMU career services…
Good news for general counsel who dream of one day sitting in the king’s seat: the ABA Magazine says there is a new trend of corporations tapping lawyers to become top executives:
Nine of the Fortune 50 companies now have a lawyer as chief executive, up from three just a decade ago. In December, Bank of America and Continental Airlines became the two most recent publicly traded corporations to do so. Also in 2009, Citigroup named Richard Parsons, another lawyer, as its chairman, which is separate from the CEO.
Business leaders and corporate headhunters agree that the JD is once again an alternative to the MBA as the degree of choice for CEO candidates, and that the trend is very likely to increase over the next decade.
Woo-hoo. Maybe law school grads will start kicking biz school grads to the curb. Vanderbilt’s management school dean goes so far as to call the J.D. a “renaissance degree.”
According to the ABA Magazine, one law school is particularly successful in sending its grads off to lead a company instead of doing bet-the-company work….
Erlyndon Joseph Lo, 27, graduated from Southern Methodist University Dedman School of Law in 2007. Lo is a devout Catholic and has been using his knowledge of the law to fight abortion.
We must add that his knowledge of the law appears to be shaky.
In March, he sued the U.S. Supreme Court, asking the justices to render abortion illegal. He also asked for $999 trillion in damages and $1,000/hour for attorney’s fees. According to his website:
The “CAUSE STYLE:” is ERLYNDON J. LO V. ROBERTS, ET AL. (This is a class action lawsuit, with me versus the 9 members of the Supreme Court.) This cause of action (lawsuit) will take place in the “UNITED STATES DISTRICT COURT EASTERN DISTRICT OF TEXAS”. Ultimately, I will win this case without any doubt.
While that case is pending, Lo decided to take another legal action on Friday: seeking a restraining order against police as he planned to use “deadly force” against an abortion clinic that afternoon…
In a land that is right here and in a time that is right now, a technology has arisen so powerful that it can replace basic human document review. Is it time to bow down before our new robot overlords?
First, here’s a little story about me: my life in the legal world began as a paralegal. My first case was a GIANT patent infringement case that was already six years old and had involved as many as five companies, multiple US courts, the ITC and an international standards committee. I knew nothing about any of this.
On my first day, my supervisor (a paralegal with at least eight other cases driving her crazy) sat me down in front of a Concordance database with a 100,000+ patents and patent file histories. “Code these,” she said. I learned that “coding”, for the purposes of this exercise, meant manually typing the inventor’s name, the title of the patent, the assignee, the file date, and other objective data for each document. I worked on that project – and only that project – for at least the first six months of my job. After a week or so, time began to blur.
What I know, in retrospect and with absolutely certainty, is that as time began to blur, so did my judgment. So did my attention to detail. If you could tell me that I did not make at least one mistake a day – one inconsistent spelling, one reversed day and month, one incorrectly spaced title – I frankly would need to see your evidence. I would not believe it. The human mind is trainable but it is not a machine.
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We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at email@example.com in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
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