* Brilliant… especially the last line. [The Onion]
* Legal luminaries at last night’s White House State Dinner included Justice Elena Kagan, Secretary Jeh Johnson, and ATL’s reigning Lawyer of the Year, Roberta Kaplan. [White House]
* An EMT-trained judge came to the rescue of a criminal defendant critically injured in a car accident. She was assisted by several other criminal defendants due to appear before her that day. When they finally made it to court, she sentenced him to death row. Just kidding, but admit it, that would have been the better ending. [Albuquerque Journal]
* Judge Victor Marerro is none too pleased to have to do this whole MF Global case. [Dealbreaker]
* The winter weather in Minnesota is continuing to make lawyers crazy. This time the bug allegedly bit Frank Schulte, who is accused of freaking out at the “mere sight of a car parked too far from the curb for his liking,” battering the car, punching the driver, and hurling racial epithets. Just as warm and fuzzy as the Mary Tyler Moore show made it seem. [CityPages]
* A few events coming up for sports law fans in New York. This Friday, Fordham is hosting its 18th Annual Sports Law Symposium covering issues from the Redskins to Jay-Z. Then a week later, New York Law School is hosting an event on doping, the NCAA, and getting into the sports business on February 21. [Sports Agent Blog]
* With the revelation that standout defensive end Michael Sam is gay, a number of NFL types are trotting out the whole “he’ll be a distraction” excuse. That’s a pretty stupid excuse. [Lawyers, Guns & Money]
* It’s a zombie! The living dead! Or maybe just a living woman that banks have declared dead despite all evidence to the contrary. [ATL Redline]
* Remember Brandon Hamilton? He used to be the the assistant dean of admissions at Louisville Law before he promised students $2.4 million more in scholarships than the school had to give. Well, he finalized his plea bargain. [The Courier-Journal]
* Elizabeth Wurtzel: “I am a lawyer. The first rule of law: All the promises will be broken. Attorneys could not be in business if people did not fail to do what they agreed to do all the time — and lawyers are very busy.” [Nerve.com]
* Laura Ingraham clerked for SCOTUS, so presumably she knows that Puerto Ricans are American citizens — right? [Media Matters]
* Chief Judge Alex Kozinski, known for zerotolerance of prosecutorial misconduct, has written the foreword to a new book on the subject. [Facebook]
* In addition to the one we mentioned yesterday, here’s another petition for the Obama Administration that’s aimed at addressing the student debt crisis. [WhiteHouse.gov]
This isn’t what I meant when I said law students need a helping hand.
I know, that’s not really a fair question. In most cases, you have to submit yourself to three expensive years of law school before they will even allow you to cram for six weeks in order to pass the bar. I just wanted to highlight that the expensive part of becoming a lawyer is the three years — the last of which is completely useless — not that sprint at the end to pass the bar exam.
That’s why it doesn’t make sense for a state to sell a “no bar exam for in-state students” option as a cost savings for students. You want to help students? Get rid of the third year of law school. You want to incentivize students to remain in-state for law school during a highly competitive market for law applications? Then you follow Wisconsin’s path and offer to ignore your own bar exam if people would just please, please, please go to an in-state school.
Another Midwestern state is considering doing just that, because it helps the schools, not because it helps students….
Let me explain how this started. The American Association of Law Schools had its annual conference this weekend here in New York. On Saturday, I spoke on a panel about law school rankings with Bob Morse (U.S. News), Karen Sloan (National Law Journal), Katrina Dewey (Lawdragon), and Dimitra Kessenides (Bloomberg BNA). It was a fun and lively discussion in which we explained the different things we were trying to capture with our law school rankings, and how law school rankings are used and should be used. My plan was to cover the conference on Friday, speak on Saturday, then get drunk on Saturday night to make up for not being able to get drunk on Friday night.
But there was a huge snowstorm in NYC on Thursday night and I did not have the will to pull out my dogsled and make it to midtown on Friday morning. Instead, I followed the conference via various Twitter feeds of people who did make it. This was surprisingly effective (the internet is an amazing thing). Instead of being stuck in one room, I was following reports from many. So I was just sitting, warm and cozy in my basement, when this tweet went up:
Dean: Tuition costs not only reason grads in debt. They don’t apply for scholarships, drive nice cars. #aals2014
This isn’t the first car-related foolishness we’ve heard from defenders of law school; the former president of the ABA told law students that they should sell their cars to pay for law school. And this needs to stop. There are too many people in charge of law schools who remember tuition costs from when they went to school, which is beyond irrelevant.
Since some of these guys appear to be too addled to do the math, I’ve come up with something easier: pictures. I want you to show us what kind of car you drive in law school (or what kind of car you drove). Send us your jalopy; hell, if you have a sweet ride, send that too (subject line “Law School Car”). I would love to see if any of these cars could even put a dent in the current price of law school tuition.
Some of our Twitter followers were more than happy to start us out….
An actual top-50 law school has cut its tuition. They’re not giving a tuition “reimbursement” or “credit” or “scholarship.” They’re not making it a one-time deal available to impulse shoppers. Instead, they’re reducing tuition, across the board, for both in-state and out-of-state students, across all class years. They’re cutting tuition. Let us give them thanks and praise.
It’s still expensive, probably prohibitively so. But a top-tier school putting its tuition in reverse is big, bright news. I award this school all the corn in my silo, they’ve earned it….
I really don’t want to be that guy at the dinner table who points out that the mashed potatoes are lumpy and the turkey is a bit dry. A law school is cutting tuition by half for some students, and for that we should be thankful. This follows a trend, seen here and there, in which law schools are starting to respond to the low interest in legal education by competing on price.
Except it also follows the trend of not really being a tuition “cut.” Instead it’s a tuition scholarship that is worth about half of the tuition, while the school maintains its high listed sticker price.
Well, this is Above the Law, not a Thanksgivukkah meal. Who wants a side of hater?
Regular readers of Above the Law are well aware of the bimodal salary distribution curve of starting salaries for new lawyers. Lawyers understand why the curve looks the way it does: there are a few “elite” firms that essentially engage in salary collusion at the very top (don’t everybody start thanking Above the Law at once), while most lawyers will struggle to find a job in the $40K – $60K range.
When non-lawyers see this curve, they are surprised. The curve popped up on Mother Jones the other day, and author Kevin Drum called the $160K spike “pretty weird.” Then the commenters on his post — actually HELPFUL commenters who managed to weigh in without personal attacks on the author — explained to Drum why it was so.
But that’s kind of the problem: people only become aware of the bimodal salary distribution curve after they’ve been to law school (and done things like become a regular reader of Above the Law). They don’t get the information before they commit to law school, when the information could be useful. In a world without time machines, hindsight is blind.
Still, even people who have already committed to their dread fate can benefit from an understanding of history. Do you know what the salary distribution curve looked like in 1991, during the last “great” lawyer recession? Do you think the people who are charging you money to go to law school have seen it?
I’m using the term “balls” as a synonym for gall. I’m invoking the connotation of “stubbornness.” A law professor who can look at the current legal job market and the financial ruin suffered by so many law graduates, and fix his mouth to suggest that law school should take longer (and thereby cost more), really has balls. It’d be like Orson Scott Card thanking the producers of Ender’s Game for not casting “a little gay kid” in the title role.
I’m reluctant to even write this post and give this professor a wider circulation for his crackpot views, but I want the internet record to be complete, lest some person who hasn’t been paying attention happens upon the professor’s article and stupidly thinks, “This makes sense to me….”
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: