Earlier this week, we reported on the latest benchslap from Judge Sam Sparks (W.D. Tex.). In his order, Judge Sparks invited attorneys to a “kindergarten party,” to address what he perceived as childish behavior.
Judge Sparks eventually called off the party. That makes sense, since he had already achieved his goal of publicly shaming the attorneys appearing before him.
Other judges have apparently taken notice. Now comes Judge Peggy Ableman of Delaware. She has called for attorneys appearing before her to attend “a ‘special’ emergency refresher course in first year ethics and civility.”
UPDATE (5:20 PM): Darn it. Delaware Superior Court Presiding Judge James T. Vaughn Jr. has taken over the case and canceled the “refresher course,” as reported by the Philadelphia Inquirer.
What’s really going to make the allegedly childlike attorneys squeal is that Judge Ableman scheduled her remedial class for the middle of Labor Day weekend….
Do you know an easy way for moderately priced public law schools to make even more money? Charge more for tuition. Do you know an easy justification for jacking up tuition rates? Say that you are moving to a “private funding model” while you bemoan the lack of public support for your institution.
After that, it’s all profit baby!
The big news in the law school hot stove league is that another major public law school is toying with moving to a private funding model. The logic for eschewing public funds for an increase in private dollars is, as always, disingenuous. But hey, as long as the law school keeps paying its tithe to the university, few will object to increased gouging of prospective law students…
If the American Bar Association was serious about protecting its members, it’d be trying to do something to stop the influx of market-depressing new attorneys. America might need more lawyers willing to work for next to nothing to help those who can’t currently afford legal representation, but the last thing current attorneys need is even more law school graduates competing for the few paid positions available. Let the Obama administration start some kind of Americorps program for attorneys; the ABA should be concerned about keeping the supply of attorneys competing in the private market down around levels that come within shouting distance of demand.
(Of course, the ABA is still trying to figure out how to keep member institutions from lying to the ABA. I’m not going to hold my breath waiting for the ABA to figure this one out.)
Instead, it looks like some law schools are starting to voluntarily reduce the sizes of their incoming classes. We reported on two schools, Albany Law and Touro, doing this back in March, and it seems that the trend is continuing.
I guess there are only so many disgruntled, unemployed graduates these schools want walking around griping about their legal education (or suing them over it)….
Critics of the legal-education industrial complex would probably like to see some radical changes in the U.S. law school system. They’d probably want a few dozen law schools to shut down entirely, to reduce the glut of lawyers in this country. Barring that, they might want to see law schools reduce tuition dramatically — not just freeze tuition, which some schools are already doing, but make an outright cut in the sticker price of a J.D.
Alas, expecting such changes isn’t terribly realistic. Law school deans and law professors aren’t going to willingly reduce their salaries or send themselves into unemployment — and why should they? Despite all the warnings about the risk involved in taking on six figures of debt to acquire a law degree, demand for the product they’re selling, legal education, remains robust (even if it’s showing signs of abating).
Interestingly enough, however, we’re seeing some law schools cutting their production (of graduates, of J.D. degrees)….
It’s a sad state of affairs when a law school holding the line on tuition is breaking news. But with nearly every other law school rushing to bilk students who will pay anything for a legal education (law schools at Stanford, Arizona State, and Minnesota spring to mind), it’s nice to see at least a couple of schools that regard their students as something more than profit centers.
Maryland announced its tuition freeze in December. The National Law Journal reports that Miami recently announced it would be maintaining a tuition freeze already in place. Now UNH Law is joining their ranks. There’s still plenty of room on this bandwagon if your law school would like to take a brief break from molesting your financial future.
Not that UNH Law is cheap, especially for a third-tier law school. But this tuition freeze is another indication that UNH is at least trying to think about legal education in a somewhat realistic way…
Here at Above the Law, we like to know what’s going to happen, before it happens. We therefore pay special attention to Cadwalader, Wickersham & Taft. The firm is a trendsetter of sorts — at least for things that are bad. Few remember, but Cadwalader faced down a bed bug epidemic back in 2007, long before every New Yorker lived in fear of the critters.
More people know that Cadwalader was one of the early adopters of massive associate layoffs, with the first sizable round all the way back in January 2008 — well before the fall of Lehman and the true start of the financial crisis. CWT was kicking people to the curb before it was cool.
Nobody knows why Cadwalader seemingly has this mystical power to experience calamities before they happen elsewhere, but one doesn’t have to be able to explain every thing that happens to be true. So ignore the following email sent around the New York offices of Cadwalader at your own risk — but don’t say that CWT didn’t warn you…
Hello? Anyone home? Right now it feels like everyone is on vacation, even though Labor Day is still two weeks away. C’mon, folks, this isn’t freakin’ Europe.
Maybe some people are still on their “bar trips” — multi-week (or even multi-month) post-bar-exam vacations, to some exotic destination (or destinations; I have friends who have traveled around the country, or even around the world, on their post-bar jaunts).
But wait. Do people still do bar trips? That’s the question we raised last August, when the Great Recession and pushed-back law firm start dates threw customary ways into chaos. Many of you answered in the negative last year, claiming that you were replacing Carmen Sandiego-esque globetrotting with more staid “staycations” — or even using the time to get an early start on the job search, for the many readers without employment already lined up.
This year, things seem to be returning to normal in law firm land, at least in part. Not as many lawyers are deferred, and some of the deferrals are shorter (or being ended early). Does this mean bar trips are back on? Let’s discuss — not just bar trips, but summer vacation more generally, since August is a big month for getting away.
Are you traveling this summer, or have you traveled already? If so, where? Do you have any travel tips or great destinations that you’d like to recommend to others? Or perhaps you’re in need of some advice and vacation ideas yourself?
In the movie The Untouchables, Sean Connery counsels Kevin Costner: “If you don’t want to get a rotten apple, pick one fresh off the tree.” Apparently, Hewlett-Packard is taking the same advice; instead of hiring in-house attorneys seasoned in Biglaw firms, HP is getting its next crop of legal help directly from the nation’s top law schools. The Recorder reports (gavel bang: ABA Journal):
This fall, Hewlett-Packard is going where few corporate law departments have gone before: hiring fresh graduates for full-time in-house positions.
Four first-year associates will join HP in Palo Alto, Calif., in September — one from Harvard, two from Northwestern and one from UC-Berkeley. The associates will earn $115,000 per year plus a $15,000 signing bonus and undergo a training program similar to the type installed recently at firms like Howrey and Orrick, Herrington & Sutcliffe.
We just did a report about how the lawyer training programs offered by firms like Howrey weren’t catching on. But perhaps HP can offer the renowned better lifestyle of in-house attorneys to buttress their below Biglaw market salary?
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: