I really don’t like this categorization of schools as first, second, and third-tier. The U.S. News and World Report rankings of law schools are an abomination. The legal profession and the country would be better off if they were eliminated.
Before taking on the massive commitment and expense of a law school education, prospective students need to do some serious homework. But let’s face it: not everyone will. The prospect of analyzing the available data is sufficiently great that many won’t bother.
In spite of concerns that rankings “facilitate laziness” or “pervert incentives,” we can agree that rankings aren’t going to disappear any time soon. People will still demand guidance, preferably in the form of easy-to-understand lists. For our part, ATL will continue to produce our own version of law school rankings. (We are releasing the 2014 rankings next Tuesday. You can register to see a live broadcast here.)
Last week we surveyed our readers for their views on what would be the most relevant elements of a law school rankings methodology. What did the readers have to say?
We hope that you’re ready, because it’s almost the most wonderful time of the year for law schools. That’s right, the 2015 U.S. News law school rankings will be published on March 11.
Law school deans must be very, very afraid. They don’t want to be dethroned from their lofty positions in the ivory tower if their respective law schools slip by a just a few slots. Law students, on the other hand, are at the ready to lord their law school’s potentially higher new ranking over their friends’ heads on Facebook. As for incoming law students, all bets are off — they’ll either be happy their school maintained its place or rose in the rankings, or be devastated if their school of choice had a subpar performance.
The rankings, controversial as they are, are still a pretty huge deal to everyone in the legal profession. Just like in years past, the rankings will inevitably be published online in the wee hours of the morning, but because rankings guru Bob Morse knows that the anticipation is killing us, he likely instructed the staff at U.S. News to give his adoring public a little teaser.
Are you ready to take a look at the new, top 10 highest-ranking law schools in the nation?
As 2013 draws to a close, let’s look back at the 10 biggest stories in the legal profession over the past year. This is an annual tradition here at Above the Law, which we’ve done in 2012, 2011, 2010, and 2009. We’ll fire up the old Google Analytics machine to get data on our most popular posts, based on pageviews, and share the results with you.
Before turning to specific stories, let’s look at the top general discussion topics here at ATL. For 2013, our most trafficked category page was Biglaw, which bumped Law Schools out of the top spot — a spot that Law Schools held from 2010 through 2012. Now that the word is out about the perils of getting a law degree, leading to plummeting applications, perhaps it’s time to move on from the “don’t go to law school” narrative.
After Biglaw and Law Schools, our third most-popular category page was, as usual, Bonuses. This wasn’t a terribly exciting year for bonuses — there were no spring bonuses, and Cravath and its many followers paid out the same bonuses as last year — but people still want to know the score.
Our fourth most-popular category page was small law firms. Small firms, including boutiques, are an area of increasing focus and readership for us — and also where many of the job opportunities are these days.
Moving on from the topic pages, what were the 10 most popular individual posts at Above the Law in 2013?
We’ve got to hand it to the television and film industries, because they’ve done a wonderful job of glamorizing professions that are otherwise dull and often lacking when it comes to the beauty of its practitioners. Teenagers who wants to be doctors or lawyers when they grow up have seen those professional roles played out a million times on TV, and they look so, so cool.
We hate to break it to you, but these shows and movies often leave out the most difficult and trying parts of elite careers. Going to law school isn’t as “fun” as Elle Woods makes it look in Legally Blonde. Supply-room sexual romps à la Grey’s Anatomy aren’t part and parcel of a career as a doctor. There’s a reason why they don’t show you all of the time spent researching and writing motions that goes into trying a case on Law & Order.
If you still think these are dream jobs, then you haven’t been paying attention to anything that’s been going on in the world, especially if you want to be a lawyer…
Does the amount of money a law school spends necessarily have an effect on the quality of its legal education?
Here at Above the Law, we say no. Our Law School Rankings take a look at the outcomes law schools provide for their graduates, not the inputs law schools cast into the pot.
But U.S. News still looks at many input factors in evaluating law schools. One of the most notorious factors U.S. News cares about is faculty resources. U.S. News rewards schools for spending a lot of money on the faculty per admitted student. You can kind of see the thought process there: good schools hire good professors and good professors command higher salaries.
Unfortunately, this U.S. News factor creates perverse incentives. Schools with unreasonably high tuition are rewarded for overpaying faculty, at the expense of the debt burden loaded upon their students and recent graduates. Ranking one school better than another because it engages in profligate spending is a cruel joke in this economy.
We don’t know if U.S. News will stop this madness, but yesterday the American Bar Association decided to stop asking schools to report the figure…
It’s tough times over at U.S. News. After shedding nearly all pretense of being a news outlet, U.S. News threw all its eggs in the “telling people where to go to school” basket.
U.S. News enjoyed a virtual monopoly for years before someone came along and created a better law school ranking system. The crux of the ATL Top 50 ranking is focusing on post-graduation results rather than LSAT/GPA inputs.
Now U.S. News seems to be considering a new post-graduation component, but it doesn’t seem all that scientific…
The headline comes from a tipster, but I think it perfectly sums up the Cardozo note in their latest alumni newsletter. Cardozo has issued an intellectually soft apology that admits what they did, but completely glosses over why they did it. “Aww shucks, we’re just goofy!”
I almost feel bad for Cardozo. Yesterday, we reported on how Cardozo was trying to convince the class of 2011 to give money to the school on the theory that even a small donation will help the school move up in the U.S. News law school rankings, thus increasing the “value” of a Cardozo Law degree. Yeah, the campaign isn’t about how giving more money will deliver more value to Cardozo students in terms of job opportunities or educational experience. It’s just a hard sell that a higher ranking equals “value,” and an instruction on how Cardozo alums can help the school game the system.
And it turns out that the strategy isn’t even an effective way to game the rankings. The school is actually wrong about how the rankings work.
Look, I have to be one of the foremost authorities on “stupid things law schools do” in America. I believe I meet all of the Daubert requirements to be qualified as an expert on this topic on the Internet. In my expert capacity, I hereby testify that this Cardozo thing is the dumbest alumni giving campaign I’ve ever seen….
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: