* Squire Patton Boggs may be lobbying for Ebola drugs, but Reed Smith has launched a Global Ebola Task Force. Don’t worry, folks, the firm doesn’t want to “sensationalize” the outbreak. [Washingtonian]
* Hong Kong is great for lawyers interested in corporate misconduct. “I’ve barely had a weekend off for the last eight months,” says this partner who’s really excited about a not having a life. [Bloomberg]
* As we noted, New York is considering adopting the Uniform Bar Exam. Touro Law’s dean thinks the format change could be “jolting” for students, but the head of the NY BOLE doesn’t agree. [WSJ Law Blog]
* Wayne State Law is freezing tuition and giving a scholarship to incoming students that’s equal to a 14 percent tuition cut. That’s one way to combat a 13 percent drop in enrollment. [Detroit Free Press]
* Whittier Law is one of the “most challenged” when it comes to its graduates’ ability to obtain legal employment. Just one in four students gets to be a lawyer after graduation. [Orange County Register]
Good news, another law school has cut its tuition. For all of the… creative ways some schools are trying to cope with decreasing law school applications, tuition cuts still seem like the only thing that is likely to help.
But even as some schools start to cut, you wonder if tuition can ever be rolled back to the point where law school is cost-effective for the current generation of prospective law students. Law schools have been raising tuition, every year, for decades. Is cutting tuition now just like putting on perfume instead of taking a shower?
Another school has surveyed the landscape of legal education over the next several years and recognized that, to paraphrase Jimmy McMillan, the tuition was too damn high. Reduce the sticker shock and get a leg up on peer institutions. And most importantly game the ATL Rankings in the process.
This is not the first school to take steps to cut back on tuition, but a school making this kind of significant cut sends a signal to its peers that the game has changed and the new blueprint is, well I don’t want to say “value” because you’re still sending students into an uncertain job market, but at least “bargain hunting.”
So who joins the ranks of tuition-slashing institutions?
* Footnote fight! Justice Sonia Sotomayor has been clashing with quite a few of her fellow Supreme Court jurists lately, aside from Chief Justice John Roberts. She recently inspired the wrath of Justice RBG herself. [New York Times]
* After months of being poked and prodded for cash, 60 former Howrey equity partners have reached clawback deals with bankruptcy trustee Allan Diamond, and it looks like a few of them agreed to pay pretty hefty sums. [Am Law Daily]
* Here’s a headline we could’ve told you was coming: “The US lawyer bubble has conclusively popped.” It’s not a terribly good decision to attend now, but if you do, people who can’t pay you need your help. [Quartz]
* Cutting law school tuition may be a good idea to attract more students, but in the long run, it could hurt the schools, says Moody’s. Aww, let us shed some tears for those poor law schools. [WSJ Law Blog]
* The University of Arizona will be the first school in the U.S. to offer a bachelor’s degree in law. The degree is being marketed to people who eventually want to have lots of law-related debt. [National Law Journal]
Back from the big NALP conference, back from Seattle, happy to be back in New York City. The five boroughs came up a lot at the conference thanks to the big move by Brooklyn Law School to cut tuition by 15% next year.
If I may summarize the reactions from other schools about Brooklyn’s cut (I’m paraphrasing):
F**k those motherf**kers. It’s still super-expensive. Go STATE!
Actually my school did something very similar. [Elie explains why their school is not similar.] Well, that’s just your opinion, man.
Can somebody wake me up when Yale does it?
I expected that other schools would be a little annoyed with Brooklyn. Schools are already facing a financial crunch given the sharp drop in new law students; not many want to take on the additional financial burden of across the board rate reductions. I recently appeared on CNBC with Brooklyn Law Dean Nick Allard, and he explained that Brooklyn Law sold off some of its capital assets to afford this. I noted that not every school is in the position to do that.
But I didn’t expect some prospective Brooklyn Law students to also bitch about the reduction. I guess when you expect dumber people to subsidize your education, having that taken away from you is jarring…
* Never text angry. A New York judge just put the kibosh on a man’s suit to secure the return of a $53,000 engagement ring from his jilted would-be wife because he sent an ill-advised angry text. [MyFoxNY]
* A German judge allegedly sold thousands of answers to law exams. When authorities closed in, the judge went on the run before being caught with “€30,000 in cash, a loaded pistol and… a 26-year-old Romanian woman.” Who knew bar exam answer keys were the new Blue Sky. [The Local]
* Here’s the 50 Most Comfortable Prisons in the World. Hopefully the judge above will land in JVA Fuhlsbuettel Prison. [Arrest Records]
* Judge lambasts the Bronx DA’s office after an ADA failed to reveal evidence that would have freed a man held at Rikers Island on bogus rape charges. Unfortunately, this isn’t surprising. [New York Daily News]
As we mentioned in Morning Docket, one New York law school just decided to cut its yearly tuition by a whole lot — 15 percent, actually. That’s right: a top 100 law school is reducing its tuition, across the board, in a move that will take it from being the second-most expensive private law school in New York City to being the cheapest of its kind.
Of course, by “cheapest,” what we really mean is “still prohibitively expensive,” but at least it’s a step in the right direction. Perhaps this is a trend in the making for the rest of New York City’s law schools.
So, which law school is helping its students take on a little less debt?
* Dewey think you should’ve signed up for the partnership contribution plan? That probably would’ve been wise. One of Dewey & LeBoeuf’s ex-service partners has been forced into Chapter 7 bankruptcy thanks to a clawback suit. [Am Law Daily]
* As long as the job market for new attorneys remains laughable, law schools will continue to make moves when it comes to deep tuition cuts. Say hello to a $30K drop in sticker price, Roger Williams University Law students. [WSJ Law Blog (sub. req.)]
* Syracuse Law’s class sizes keep getting smaller, but it was “strategically managed” — just like the new law building was financially strategically managed on the backs of alumni and their tuition. [Daily Orange]
* A trial date was set for Dzhokhar Tsarnaev’s friends who allegedly tried to cover up his role in the Boston bombings. No word yet on whether any stupid girls have set up fan clubs for them. [National Law Journal]
* The curtains are finally closing on the King of Pop’s life: Lloyd’s of London settled its insurance suit with Michael Jackson’s estate, and Conrad Murray’s involuntary manslaughter conviction was upheld. [AP]
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?
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
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.