Student Loans

  • Preet Bharara

    Morning Docket

    Morning Docket: 01.23.15

    * Preet Bharara, the U.S. Attorney for the Southern District of New York, was recently referred to as the “most dangerous man in American politics.” Why’s that, you ask? It’s because he’s “a federal prosecutor who doesn’t give a f*ck.” Damn straight. [BuzzFeed]

    * Just when you thought the Alan Dershowitz sex scandal couldn’t get any more intense, the investigative sleuths over at Gawker found flight records that allegedly place the professor as a passenger on a billionaire bad boy’s pedo plane. [Gawker]

    * Dewey know which former chairman of a failed firm had to beg to get a refund on his bail money because he couldn’t otherwise afford to pay the expert witnesses for his upcoming criminal trial? Aww. Poor, poor Steven Davis. [New York Law Journal]

    * Fried Frank’s chairman says that completely pulling the firm out of Asia was a “difficult but necessary decision.” On the other hand, an ex-partner at the firm says this move had basically been “inevitable” since at least 2009. Hmm. [Am Law Daily]

    * If you want advice on how to pick a “cost-efficient” law school, the first thing you should realize is that your scholarships may come back to bite you in the ass. Go on, read the fine print — after all, you want to be a lawyer. [U.S. News & World Report]

    35 Comments / / Jan 23, 2015 at 9:13 AM
  • StudentLoanDebtMoneyPile

    Public Interest

    Public Service Loan Forgiveness Might Be Capped — You Can Help Stop It

    PSLF provides a really substantial benefit to these people in particular. But soon that may no longer be the case.

    47 Comments / / Jan 20, 2015 at 12:02 PM
  • Game of Loans

    Morning Docket

    Morning Docket: 01.16.15

    * Fewer people are applying to law school. According to LSAC, the number of would-be lawyers who submitted applications is down by 8.5 percent compared to last year. Serious question: How low can we go before all schools are officially in crisis mode? [WSJ Law Blog]

    * You’ll never believe how this guy paid off his law school debt. His parents got a home refi loan, and with the money ($210,000), their son got rid of his student loans. Now he’ll pay his parents’ loan for 30 years. Wow. [Business Insider]

    * Justice Samuel Alito took a break from the SCOTUS docket to receive an award named for the late Judge Edward Becker of the Third Circuit, a man who he said “tried to get federal judges to act in a more sensible way. That’s a real task.” [Legal Times]

    * “[T]hings are getting back to where they were before the recession,” so naturally, state judges — like those in California — are suing over the salary increases they were denied while the recession was in progress. Bless their hearts. [National Law Journal]

    * Hey lawyers, want to seem like you’re smart? Stop sprinkling your briefs with SAT vocabulary words. Just put on a pair of glasses and start using your middle initial more often. For the record, speaking in a pleasant voice is also helpful. [ABA Journal]

    11 Comments / / Jan 16, 2015 at 9:03 AM
  • David Schwimmer

    Morning Docket

    Morning Docket: 12.22.14

    * Florida Judge Cynthia Imperato was “devastated” after a jury found her guilty of DUI and reckless driving charges, but we imagine the judge may be more devastated by the fact that she’s a sitting judge who’s been sentenced to 20 days of house arrest. [Florida Sun Sentinel]

    * David Schwimmer, best known for his role as Ross on Friends, has been cast as lawyer Robert Kardashian in an O.J. Simpson true crime television miniseries. He surely knows it’ll take a lot of “unagi” to play the role just right. [Rolling Stone]

    * If you have to debt finance your J.D., you’re going to in for a rude awakening when you graduate and the loans start coming due. FYI, “lot[s] of graduates [are] buried in private student loan debt with not enough income to repay it.” [Forbes]

    * The parents of James Holmes, who’s better known as the alleged shooter in the Aurora movie theater massacre, have begged for him to be spared the death penalty ahead of his trial, but prosecutors say that in this case, “justice is death.” [Denver Post]

    * When it comes to Russia, “[a] lot of firms are thinking about pulling out.” That’s what she would’ve said if she were a managing partner. Biglaw firms that have been rocked by the ruble’s ruin are telling lawyers to leave before they’re laid off. [Am Law Daily]

    * Binder & Binder, the National Social Security Disability Advocates® whose late-night TV commercials you’ve grown to love, has filed for bankruptcy. The firm’s headcount will likely drop by more than half because of this. Yikes! [WSJ Law Blog]

    26 Comments / / Dec 22, 2014 at 9:11 AM
  • student loan debt law school loans

    Student Loans

    This Law School Wants To Stop Students From Drowning In Debt

    Will more law schools adopt initiatives like this one?

    11 Comments / / Dec 11, 2014 at 2:29 PM
  • debt shackles

    Law Schools, Student Loans

    Lawyers Struggle To Live ‘Mortgaged’ Lives Under The Crushing Weight Of Student Loans

    Will the government be forced to grant loan forgiveness to all lawyers with unbearable debt burdens?

    48 Comments / / Dec 8, 2014 at 3:15 PM
  • student-loan-debt-e1414612604341

    Holidays and Seasons, Money, Rudeness, Student Loans

    Season’s Greetings From Your Loan Servicer

    No one wants to hear from their loan servicer during the holidays. No one.

    7 Comments / / Nov 26, 2014 at 12:31 PM
  • Constitutionally protected?

    Bar Exams, Biglaw, Lateral Moves, Law Schools, Morning Docket, Partner Issues, Prostitution, Public Interest, Screw-Ups, Small Law Firms, Student Loans

    Morning Docket: 11.19.14

    * Morgan Lewis may be pretty pleased with itself now that it gets to gobble up most of Bingham McCutchen’s partners, but some day soon, it may be forced to “choke a bit” on remains of the dying firm’s carcass. [Philadelphia Business Journal]

    * Yesterday, we wondered what would happen to Bingham McCutchen’s brand new back-office operation in Kentucky. Now, the pieces are starting to come together. We may have more on this interesting development later. [Am Law Daily]

    * A Connecticut criminal defense firm’s managing partner who teaches at UConn Law was picked up in a prostitution sting last week. At least he’s got the skills to represent himself. [Connecticut Law Tribune]

    * The NCBE thinks bar exam takers were “less able” than in prior years, but the organization seems to have forgotten that ExamSoft was “less able” to perform its one freaking job. [Bloomberg Businessweek]

    * You must be whacked in the mind if you think law school tuition has anything to do with public service loan forgiveness. Law school tuition is high because people are still willing to pay for it. [Huffington Post]

    24 Comments / / Nov 19, 2014 at 9:02 AM
  • hire me eyes

    Law Schools, Money, Quote of the Day, Small Law Firms, Solo Practitioners, Student Loans, Unemployment

    The Incredibly Harsh Stigma Of Law School Debt

    What’s been the worst part of having to grapple with unemployment and pay off student loans?

    89 Comments / / Nov 3, 2014 at 2:13 PM
  • hungry unemployed

    Job Searches, Law Schools, Money, Student Loans

    Graduate Of Elite Law School Forced To Live Off Welfare Due To Terrible State Of Job Market

    Which law school left this woman penniless and destitute?

    171 Comments / / Oct 30, 2014 at 12:27 PM
  • Financial data analyzing. Counting on calculator.

    Law Schools, Money, Student Loans

    Student Loan Calculator Is Brutally Honest About Law School

    Recently, The Washington Post published a student loan calculator to assist students out there in figuring out exactly how much they will suffer for their education. And the answer for lawyers is “much more than they can afford.”

    28 Comments / / Oct 27, 2014 at 2:14 PM
  • student-loan-debt

    Advertising, Law Schools, Law Students, Student Loans

    A Tale Of Two Borrowers: An Infographic

    A law school debt infographic.

    / Oct 23, 2014 at 3:15 PM
  • Amal Clooney

    5th Circuit, Abortion, Biglaw, Celebrities, Crime, Election Law, Eric Holder, Law Schools, Morning Docket, Student Loans, Texas, U.S. Attorneys Offices, United Kingdom / Great Britain, Weddings

    Morning Docket: 10.15.14

    * The Fifth Circuit is allowing the Texas voter ID law to be enforced during the upcoming election, even though it was recently struck down by a federal judge. After all, “preserving the status quo” is very important down south. [Bloomberg]

    * We suppose that’s why the Supreme Court stepped in to make sure that abortion clinics in Texas were allowed to reopen following their shut down. Take that, Fifth Circuit. [New York Times]

    * AG Eric Holder is showing off some fancy legal footwork before he walks out the door. Federal prosecutors can no longer ask defendants to waive their IAC claims when pleading guilty. [WSJ Law Blog]

    * Davis Polk & Wardwell is a Biglaw firm where hotties roam, and it looks like this top Justice Department prosecutor who started his career there is returning home there to roost. [DealBook / New York Times]

    * It’s the debt: With headlines like “Law school applications plummet – at U of L too,” the University of Louisville School of Law can’t even convince alums from its undergrad school to attend. [Courier-Journal]

    * Amal Alamuddin changed her name to Amal Clooney on her firm’s website. It’s as if she wants to rub the fact that she’s a human rights lawyer who just got married in everyone’s face. [New York Daily News]

    30 Comments / / Oct 15, 2014 at 9:08 AM
  • Mousetrap with money

  • 240px-Jerry_Jones_owner_dallas_cowboys_2008

    Football, Law Professors, Law Reviews, Law Schools, Non-Sequiturs, Student Loans, Trademarks

    Non-Sequiturs: 09.10.14

    * Because it’s been such a long time since the NFL has had a scandal, Cowboys owner Jerry Jones is accused of sexual assault in a new suit. The Cowboys claim the suit is nothing but a money grab. No one knows a money grab like a franchise owner milking a new stadium partially financed by taxpayers. [USAToday]

    * Dean Frank Wu explains why Hastings will survive the end of law schools. [SF Weekly]

    * A pair of IP litigators, James W. Dabney and Stephen S. Rabinowitz, have jumped from Fried Frank to Hughes Hubbard. Will others be following Dabney & Rabinowitz out of Fried Frank? [Hughes Hubbard]

    * “Lawyer’s ‘Torture Porn’ Past Pops Up in Pa. Governor’s Race.” OK, let’s see what you’ve got here. [Greedy Associates / FindLaw]

    * An interesting breakdown of the legal scholars with the widest network of co-authors. Think of these as the most promiscuous scholars around. Actually, no. Don’t think that. [Ryan Whalen]

    * Etsy sides with the USPTO and bans sales of anything branded “Redskins” on its platform. I’m not sure how smart this is since the economic teeth of the USPTO decision was to allow sites like Etsy to sell massive quantities of otherwise trademark-infringing stuff until Washington relented and opted for a new trademark-protectable name. [Etsy]

    * Don’t throw peanut butter in my neighborhood (though I don’t understand the blotter… there’s no Bodega at that location). [Legal Juice]

    * Lest you think law school is reasonably priced: “New IBR and PSLF provide benefits large enough that high earnings still result in nearly $100,000 in loan forgiveness for typical levels of debt for law school graduates. A lawyer earning at the 50th percentile with that debt level stands to have $147,282 forgiven, which is more than he borrowed…” [New America Education Policy Program]

    * Keeping in touch with your inner child to relate to witnesses as humans. [Katz Justice]

    * Closing out this football-heavy NS, friend of the blog Mitchell Epner discusses why Roger Goodell won’t (and shouldn’t) survive the fallout of the Ray Rice scandal. Check out the video after the jump… [CNBC]

    1 Comment / / Sep 10, 2014 at 5:03 PM
  • debt shackles

    American Bar Association / ABA, Biglaw, Disasters / Emergencies, Drugs, Federal Judges, Law Schools, Marijuana, Morning Docket, Student Loans

    Morning Docket: 08.11.14

    * Baker & McKenzie was bumped from the top spot in the Global 100 last year when DLA Piper swooped in to steal the firm’s glory. This year, B&M is back with a vengeance, and richer than ever. Take that, DLA dopes. [Am Law Daily]

    * “I’m pretty sure I just got fired.” Before the bud business was big enough for Biglaw, the mere suggestion of going green was allegedly enough to warrant some pretty major disciplinary action from a leading law firm. [National Law Journal]

    * Judge Thomas Griesa is toying with holding Argentina in contempt for saying that it didn’t default. Argentina struck back with the social media hashtag #GrieFault. Clever. [DealBook / New York Times]

    * Dzhokhar Tsarnaev’s defense team has an expert who says that any jury in Massachusetts will be tainted because of the “inflammatory” news coverage of the Boston Marathon bombing. [WSJ Law Blog]

    * The ABA’s new Task Force on the Financing of Legal Education held its first public hearing to try to figure out why law school tuition is high. The ABA is so late to the party it’s not even funny. [ABA Journal]

    4 Comments / / Aug 11, 2014 at 9:06 AM
  • resume girl

  • iStock_000031635048_Small

    Law Schools, Student Loans

    Absolutely Terrible Advice About Law School

    Advice columnists doom a student to unemployment rather than risk ruffling feathers.

    28 Comments / / Aug 4, 2014 at 1:13 PM