Chris Danzig here. If you read Above the Law, well, ever, you know that we are deeply concerned about the burden of law school loan debt facing many young lawyers. The general consensus at ATL — vocalized most frequently by Elie and Staci, who each have firsthand experience with six-figure loan debt — is to avoid law school entirely, or at least know what you’re getting yourself into (and STFU when bill collectors come calling).
Occasionally, we hear about unusual approaches to dealing with debt that are undertaken by entrepreneurial — or outrageously bold, depending on your perspective — lawyers or law students. Crowdsourcing seems to be one of the new strategies.
Today, we heard from a 30-year-old graduate of an elite law school who is still living with his parents. He has turned to the internet for help paying off his loans.
I think he may be onto something, but my colleague Staci doesn’t exactly agree….
It seems like we’ve written about the general decline in LSAT administrations and law school applications ad nauseum. At this point, people know (or at least, they should know) that there is a problem with the legal education system in this country.
But according to U.S. News, that’s not stopping would-be law students from applying in substantial numbers. The leader in law school rankings recently compiled a list of the ten schools that received the most applications for full-time programs in 2011. At almost 75,000, the sheer number of applications remains astounding.
When looking at this list, we noticed a trend: all of the law schools are in the traditional first tier, and most of them are in major cities. But not everyone can get into these schools, and given the reported drop in admissions at Cooley, curiosity got the best of us.
So we created a top-ten list of the unranked schools that received the most applications last year — the cream of the crap, if you will. Is your school on either one of these lists?
Free speech is a complex area legally, but it’s important to recognize that there are distinctions between one’s ability to express an opinion versus one’s ability to use F.C.C.-regulated airwaves to do so, and also one’s ability to engage in speech versus one’s ability to engage in slander.
It’s finals period at many law schools around the country. Here at Above the Law, that means we can expect our inbox to get very entertaining. Pressure + law students + internet = loads of fun.
Well, it’s not just “pressure” that makes some law students wilt during finals period. There is no accounting for plumb stupid.
But today, we’ve got a story that is both stupid and unethical. A student at a top 14 law school reportedly posted a question from his Constitutional Law exam on a message board. He apparently posted it during the take home.
Yes, Virginia, it’s still cheating even if you do it online.
As I’ve said before, our criticism of law school does not spring from malice. Rather, we want people to make an informed decision about whether to invest three (or more) years of time, and $100,000 (or more) in money, in pursuit of a law degree.
In today’s post, we’d like to talk about the other side of the coin: law school success stories. Let’s hear from people who went to law school and have no regrets — or even view going to law school as the best decision they ever made. Perhaps you might be one of them?
We’ll prime the pump with a few law school success stories, to get the conversation going….
Oopsie, it’s been quite a while since we last discussed law-related vanity license plates. We haven’t updated the series in a while, but that doesn’t mean we’re not looking for more photos. So if you’re a fan of our Law License Plates posts, please send some in via email (subject line: “Vanity License Plate”).
Today, we’ll be writing about lawyers who really, really love their law schools. Because hey, let’s face it, with six figures of student loan debt, these educational institutions basically own you. Why not brand your car with your law school’s name and let the world know who you’re enslaved to?
But loan debt and all, we really thought that graduates of the so-called “T14″ could afford to drive nicer cars….
Georgetown University Law Center (known for its great gym).
I feel very fortunate to have had an idea of what I wanted to do from such a young age, and even more fortunate that it involved graduate school. What can you do with a bachelor’s degree anymore? I’m hoping that the job market will pick up in the three years I spend at law school, because a lot of lawyers are getting laid off. The American Bar Association is even encouraging college students not to apply to law school, citing the bleak job market.
Much has been said about the baleful impact of the U.S. News hegemony over the law school rankings racket. Probably the most trivial of these effects has been the establishment — based on USN’s dubious methodology — of a static tier of 14 elite schools. And as “collective numerical names for elite groups” go, “T14” must be among the most inelegant and arbitrary-seeming. (By contrast, the exemplar of the genre must be “Sweet Sixteen / Elite Eight / Final Four.”)
As noted earlier this week, the composition, if not the precise order, of the T14 has been basically constant for more than a decade. All the “action” is at number 15, with UCLA, Texas, and Vanderbilt all claiming at least a piece of that spot since 2009.
So we asked you: which school should rightfully claim — and maintain — the 15th position? More than 1,100 of you responded. Quite a few felt that there simply is no other school worthy of inclusion in the top tier; the 14th position is simply where we have to draw the curtain between First Class and Coach, and that’s that. Many more respondents made a case for one of the three top contenders or a write-in candidate. (The three most common write-ins were, in descending order, USC, George Washington, and Washington University in St. Louis.)
After the jump, we’ll reveal the people’s choice for the 15th and final spot in legal academia’s most exclusive club, as well as arguments for and against each of the contenders….
So you spent a considerable amount of time courting, selling and maybe even doing some friendly stalking of that attractive lateral partner candidate with a sizable book. After he or she ignored your emails and didn’t return your calls, a few weeks go by and you read a press release in the legal media announcing the recent move to a competing firm.
Rats. Another one got away from you. You cringe when you consider how much time was spent in meetings that did not bear fruit. Your heart aches when recall how you were led to believe this was a marriage made in heaven.
You have been rejected.
The sting of rejection is painful, even for fancy law firms. But you need to find a way that you can turn this disappointment into a legitimate learning experience.
No, this isn’t a pre-party before we come back next fall for the real thing. This IS the real thing. Quinn Emanuel is pushing the envelope on recruiting. The party is now. This is when you meet the partners and associates face to face. This is when we begin the dance that could land you an offer for your second summer BEFORE school starts in the fall.
First: You come to the party. Second: If you like us, you send your resume after June 1, 2014. Third: If we like each other, you get an offer.
We’re not waiting for fall. We’re not doing the twenty minute thing. This party is the real thing!
We hope you’ll join us, and look forward to meeting you.
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 six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
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