The average debt load of law school graduates is well over $140,000. That’s roughly the cost of purchasing a Maserati, or 88% of your first-year Biglaw salary. Couple that with a notoriously grim employment outlook and law school grads often find themselves tethered to mortgage-sized repayment plans, minus the actual house.
One thing law school doesn’t teach you is the variety of loans that are available and the advantages and disadvantages of each loan type. With a little foresight, law school students can select the proper loan and create a repayment plan that is best aligned to their career and lifestyle post-graduation.
Let’s start by breaking down each type of loan to better understand consolidation after graduation…
Is there really a value to recruiting home-grown associates based on 1L grades? Is there a negative connotation to not competing with the top-tier firms for law school talent? Can firms only fill their “real” needs by looking across the market for lawyers 3 or 4 years into their careers?
There are pros and cons to recruiting associates (and partners) through either method. Let’s take a look at how to build a law firm….
Murray’s accolades are numerous, including The White House Project Role Model Award, a Christopher Award, and Oprah Winfrey’s first-ever Chutzpah Award. Murray is the founder and director of Manifest Living, a company based in New York that aims to empower anyone who has the desire to change their life. She is also a motivational speaker and will be the keynote speaker on November 8, 2013, at the National Association of Women Lawyers’ Ninth Annual General Counsel Institute in New York….
The answer to the question of where you should be with just a couple of weeks until finals is “it depends.” Of course, every law student knows that almost every question can be answered with “it depends,” so the following will discuss what it depends on and why.
First, it depends how you learn. What I mean by that is that while most law students are busy outlining, the students I coach (at lawstudentcoach.com) are doing a variety of activities, some of which include outlining. Why do law students outline or study from outlines? The simple answer is that your exams will require you to show that you can work with the law and use the law in a manner that is structured and well thought out. It makes sense, then, to prepare in a manner that forces you to examine how the rules of law fit together, that forces you to categorize and to make decisions about what rules are related and how they are related. Creating an outline can thus be a very valuable study activity.
The downside of an outline, however, is that it works best for those who think in straight lines. In a traditional outline, things are related in only one or two possible ways. Concepts are either separate enough to be side-by-side or one concept is a subcategory of another. However, legal concepts often have a more complex relationship….
Your first instinct may be to use the entire thing to pay off part of that epic student loan, but here’s how to divvy up your paycheck the right way—so you can cover rent on your pad, debt repayments and those requisite happy hours.
When that first huge chunk of money hits your bank account, you may just get stars in your eyes. Suddenly, table service every Saturday night, a sweet loft and a rotating tie rack of Hermés ties (or Theory blouses, if you’re of the female persuasion) all seem within reach.
But think back to your bankruptcy law course. It’s crazy how people can blow through all of their assets, right? To avoid the same fate, take this quick crash course in how to divide up your earnings like a boss—ahem, partner.
For starters, let’s discuss some general guidelines, which make up what we like to call the 50/20/30 Rule:
Lawstudentcoach.com works one-on-one with students to produce an individualized game plan for exam taking — individualized to the student and to the professor. This article will discuss some of the things that a student entering the exam with a game plan will do.
Your exam prep has been completed. The day of the exam has arrived. Here’s how using a game plan will ensure success.
First, the game plan should be based on use of this professor’s prior exams and by examination of what skills this professor models in class. Based on that, the student should enter the exam with a list of issues and concepts that are most likely to be on the exam. Write that list before reading the exam, and keep it in mind as you read. This will help with issue spotting in two ways: (1) it will be easier to spot the key issues if you have them in mind as you read; and (2) if your first read of the exam question does not appear to raise some key issue or group of issues, you want to review the question. Remember, the exam is not just about answering the question. It is about answering the question in a manner that earns the most points.
Our client is a high profile but discreet global investment house based in Abu Dhabi. With an extremely strong existing diet of deals and a very healthy pipeline, our client is now seeking to hire a number of additional lawyers for its established legal team based in Abu Dhabi. These are exceptionally rare roles require extremely talented lawyers to work on a wide range of high value and often complex funds transactions.
Reporting to General Counsel your responsibilities will be broad, but are likely to include:
Advising senior management on all matters which may have legal ramifications.
Drafting and negotiating high value agreements relevant to investments across a range of highly diversified asset classes ensuring that sufficient legal safeguards are built into these contracts to eliminate potential risks.
Reviewing offering memoranda, LLPs, IMAs, SPAs, investment advisory agreements, administration agreements, custodian agreements, and all other contractual documentation related to the client’s operations and investments to ensure they are legally sound prior to execution.
Drafting, reviewing, and developing standard contract forms and clauses and undertaking the necessary modifications to these on an ongoing basis.
Advising on the interpretation of laws and regulations, monitoring any amendments to them, and updating the business on the implications of such and ensuring that the client’s activities at all times conform with applicable legislation in multiple jurisdictions.
Undertaking all required and delegated tasks to ensure provision of first class legal support to the
business and its various departments.
To qualify for this position, you will have a minimum of five years’ experience in a blue chip law firm or private equity house. You must have experience of a broad spectrum of investment funds (from an investor standpoint, and not only from a fund sponsor perspective) and generalist corporate matters with a strong emphasis on some of the following investment areas: private equity in both primary and secondary markets, hedge funds, real estate, equity and fixed income, infrastructure investments, and M&A.
You will have a proven track record of building strong external networks in the funds industry and use your broad internal and external networks to make the latest knowledge in the legal world available to the client. You will be personable and able to cultivate personal networks in different parts of the organization, using those relationships to achieve results. Finally, a strong team worth ethic and experience of running deals at a frenetic deal pace, often against tight deadlines, is essential. Lawyers currently working in major financial hubs and qualified in England and Wales, the U.S., Singapore, and Hong Kong are of the greatest interest.
These roles offer fantastic opportunities for talented lawyers to further their careers in a blue entity whilst undertaking exceptionally high quality cross-border transactions. Our client is offering an attractive expat compensation package commensurate with experience and the importance of the role.
Please send your résumé to Elizabeth Williams of EWS at email@example.com or call her for a confidential discussion at +971 55 211 1189. This mandate is being handled exclusively by Elizabeth, and any direct or third party applications will be forwarded to her for her consideration.
One of the biggest obstacles job seekers face is coming across as just another name on just another résumé. The traditional job application and interview process can be impersonal, and applicants often struggle to present themselves as more than just the sum of their GPAs, alma maters, and previous work history.
ATL has partnered with ViewYou to help job seekers overcome this challenge. ViewYou NOW Profiles offer a unique way for job seekers to make a personal, memorable connection with prospective employers: introduction videos. These videos allow job candidates to display their personalities, interpersonal skills, and professional interests, creating an eDossier to brand themselves to potential employers — effectively giving job seekers an edge over the competition by allowing them to “meet” employers before other candidates.
ViewYou videos are a professional, powerful way to introduce yourself to employers and supplement your résumé. In your video, you can answer interview questions, describe your past work experience, demonstrate language skills, include footage of mock trial competitions, or explain your desire to work in a particular field or location. By including the videos alongside your résumé, writing samples, and other application materials, ViewYou allows you to promote your personal brand using one convenient platform.
ViewYou also allows as much privacy or accessibility as users want: make certain segments of your profile publicly available to share with friends and family, or include private links to employers on your résumé or cover letter. Unlike a traditional, non-professional social network, friends can’t post inappropriate comments, your current employer can’t see your activity, and strangers can’t view or comment on your videos.
In this challenging job market, making a personal connection with employers can be the key that sets a candidate apart from the competition, and ViewYou is a powerful tool that allows law students and lawyers to do just that. Check it out today.
Saudi Basic Industries Corporation (“SABIC”) is one of the world’s leading and most profitable manufacturers of chemicals, fertilizers, plastics and metals. With revenues of almost $50 billion and over 33,000 employees in almost 40 countries, it was estimated by Forbes in 2011 to be the second largest global diversified chemicals company in the world. With significant investments in technology and innovation planned for 2013 and beyond, the company is poised to continue its rapid global expansion. To help support its growth, it is now seeking to recruit a number of high caliber lawyers to join its global legal function which already boasts 100 lawyers worldwide. The roles are based in Riyadh in Saudi Arabia.
Lateral Link had a record year in 2012. We promoted eleven recruiters — five new Principals, five new Senior Directors, and one new Managing Director. Given our existing client base, we are hiring Directors for our Partner Group in all major markets to assist with partner level recruiting for Am Law 200 and regional boutiques.
Lateral Link is a leading global legal recruiting firm with twelve (12) offices in the United States and Asia. We have immediate openings in our New York, Chicago, San Francisco, and Dallas offices for a Director-level recruiters to focus on partner search. This is a unique opportunity to leverage an existing client base while joining our team of experienced recruiters, including Larry Latourette (HLS ’82), former managing partner of the Preston Gates, DC office and partner recruiter with over a decade of experience, who manages our partner recruiting practice.
Why Lateral Link? Continue reading to learn more….
If you are considering a virtual law practice, you know that many of today’s solo firms started that way. But why are established, multi-attorney law firms going virtual?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Reduces malpractice risk
Enables you to gather the best attorneys to fit the firm, regardless of each person’s geographic location
Leverages mobile devices and cloud technology to enable on-the-spot client and prospect communication
Transitioning in-house is something many (if not most) firm lawyers find themselves considering at some point. For many, it’s the first step in their career that isn’t simply a function of picking the best option available based on a ranking system.
Unknown territory feels high-risk, and can have the effect of steering many of us towards the well-greased channels into large, established companies.
For those who may be open to something more entrepreneurial, there is far less information available. No recruiter is calling every week with offers and details.
In sponsorship with Betterment, ATL and David Lat will moderate a panel about life in-house and we’ll hear from GCs at Birchbox, Gawker Media, Squarespace, Bonobos, and Betterment. Drinks, snacks, networking, and a great time guaranteed. Invite your colleagues, but RSVP fast, as space is limited.
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.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.