It’s March, and for most law school 3Ls, thoughts of graduation are constant. With the semester quickly drawing to a close, 3L-itis has set in. Some of you know the symptoms all too well: extreme apathy, laziness, and a general repulsion to all things law-related. Class today? Screw it. Deadline coming up? Meh.
But just when 3Ls thought they could make it through the rest of the semester by doing only the bare minimum, a challenger appears, armed with emailed threats of sending them all back to 1L.
Apparently, some 3Ls at this first-tier law school had forgotten to fill out a form necessary for graduation. In response, an administrator took it upon himself to send out what some tipsters have construed as the most “obnoxious and sarcastic email” ever written. Except he sent the email to the wrong people….
If Learned Hand’s opinions are like the products of a bespoke tailor, the opinions coming out of the Ninth Circuit are like the products of a factory that is staffed by machines and menial workers who are overseen from afar by a handful of overworked managers.
It so happens that we are right in the middle of election season for law review boards. At top law schools around the country, 2Ls who want to be Supreme Court clerks — or Supreme Court justices, or even presidents — are finding out if they’ll be able to include “Editor in Chief: Law Review” on their résumés for the rest of their lives. At less prestigious schools, 2Ls are hoping that a place on the editorial board of their school’s law review will help them get a job upon graduation.
(And people who are not on law review have another week or two to get hammered and enjoy the fledgling spring before they need to hunker down and cram for finals.)
The people involved in law review elections take the popularity contest selection process very seriously. At many places, the debates over whom to pick last well into the night, and the election takes many ballots before a winner is declared. The process at many places is so ritualistic, it’s a wonder that newly minted editors-in-chief don’t adopt new names when they win, just like the Popes. Can’t you see it now: Homosextius I of the Harvard Law Review?
Of course, if there are winners, there have to be losers. And some losers don’t take their losing lying down. Thanks to the magic of forwarded emails, we are able to bring you one such story of law-review-losing bitterness…
What your law school dean does when alone at the office.
I, for one, do not think that a person’s salary can or should be used as a proxy for determining whether or not that person is committed to any particular cause. I don’t think people who fight for the poor need be poor themselves. I don’t think people who work for the state should be relegated to the kind of salaries that will convince the best and brightest to never work for the state. I just don’t think a person’s salary is all that indicative of a person’s commitment to doing the right thing.
That said, it doesn’t look good to be putting other people in financial distress while you enjoy a large paycheck, especially when you are in a position of public trust. When you are in a leadership position at a public university, you are expected to be looking out for your students, not just your own bank account.
The salaries of deans from public law schools don’t prove that these people are placing themselves above the needs of their students. They don’t really reflect anything — other than the going rate for a law school dean, in a competitive market for talent. But man, they don’t look good. In fairness, they look awful, given that we’re living in a world where many of these deans are raising tuition on students who for the most part won’t even be able to dream of making the kind of money these deans pull down.
So take a look, but try to remember that if you were in the deans’ shoes, you’d act no differently. You’d take every penny that was offered to you…
[S]tudents should embark upon a legal education with their eyes open; the job market is difficult, and likely to remain so. Legal education is not, as the comments of some would suggest, an entitlement program….
[T]he real value of legal education is not, and never has been, primarily economic. It’s not about money; it’s about freedom. Legal education gives students what 99.9 percent of humanity yearns for but is denied: control over one’s own life. It is a license to make of your life what you may, to live the American dream to its fullest.
This sign captures the flavor of the past week in law firm news, including the massive layoffs at Cadwalader and the office closings at Akin Gump. If you have other tips for us, send them to us here.
The law firm pain is starting to be felt even by those still in law school. We’ve been forwarded various emails announcing that some firms or offices have canceled on-campus interviews for 2009 prospective summer associates, including the New York office of Dorsey & Whitney, the Chicago office of Midwestern firm Barnes & Thornburg, and, as we reported on Wednesday, Cadwalader (at certain law schools, e.g., Rutgers – Newark). Here are excerpts from the notices:
From John Marshall Law School:
I received notice from the head of recruiting at Barnes & Thornburg that the firm will not be having a summer program in its Chicago office next summer. Therefore, the OCI option for that firm has been removed from Symplicity.
From Columbia Law School:
The New York office of Dorsey & Whitney LLP will no longer be interviewing at EIP (ed. note: Early Interview Program) as they have decided not to have a formal summer associate program in 2009.
From Rutgers Law School:
Also, please note that Cadwalader, Wickersham & Taft LLP, scheduled to interview on campus on August 13th, has had to cancel and will contact students independently to schedule interviews if they are selected.
We expected large law firms to power on with their summer associate programs, so we were somewhat surprised to hear that Dorsey & Whitney is suspending its program in New York. Then again, it was a rather small program — about five summer associates in 2007, per the firm’s NALP form (PDF). A Dorsey spokesperson had this comment:
It is true that the New York office of Dorsey & Whitney will not sponsor a formal summer associate program in 2009. We have made this decision based upon our hiring needs in the New York office at this time. This decision with respect to the New York office summer associate program does not preclude the possibility of hiring an incoming class for 2010 in our New York office. The firm’s other offices that have traditionally sponsored summer associate programs will continue to do so.
Have other firms canceled their OCIs at your school? Please let us know in the comments, including your school, the firm, and the firm office.
See full notices from firms regarding OCI cancellation, after the jump.
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
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: