Unemployment

We try to provide some balance in our coverage of law schools. Last night, for example, we posted our latest round of law school success stories, to balance some of the more depressing fare in our pages — such as the $10K a year lawyer job being offered to Boston College Law School students, which the law school defended vigorously.

At the same time, we have to report the reality that’s before us. And that reality isn’t always pretty.

Which brings us to today’s topic, the latest employment data from our friends at the National Association for Law Placement (NALP)….

double red triangle arrows Continue reading “How Did the Class of 2011 Fare in the Legal Job Market?”

Ed. note: This post is by Will Meyerhofer, a former Sullivan & Cromwell attorney turned psychotherapist. He holds degrees from Harvard, NYU Law, and The Hunter College School of Social Work, and he blogs at The People’s Therapist. His new book, Way Worse Than Being A Dentist, is available on Amazon, as is his previous book, Life is a Brief Opportunity for Joy (affiliate links).

I participated recently in a panel discussion at a conference, speaking with other lawyer/blogger types in front of an audience consisting largely of people from law firms and law schools. After we finished, I did the decent thing and sat and listened to the panel that followed mine. I happened to choose an empty seat next to a woman who introduced herself to me later as a dean at a law school, in charge of career placement, or whatever the euphemism is for trying to find students non-existent jobs. The law school was a small one — yes, one of those dreaded “third tier” places.

She confronted me afterwards. “I guess I’m the bad guy, huh?”

I was startled by her candor, but I knew what she meant. This was one of those people from a third tier law school — the greedy cynical fraudsters signing kids up for worthless degrees, then leaving them high and dry, unemployed and deeply in debt.

Despite her participation in crimes against humanity, I had to admit she didn’t seem so bad, in person.

Then I snapped back to my senses — and went on the attack, assuming my sacred role as The People’s burning spear of vengeance….

double red triangle arrows Continue reading “Who Is the Great Satan of the Legal Profession?”

Based on recent remarks by current and former leadership at Dewey & LeBoeuf, it seems that the firm is going to end with a whimper, not a bang. The current plan apparently involves no bankruptcy filing or dissolution vote, but just the defection of one partner after another, until nobody is left.

And the partner departures continue. As we mentioned in Morning Docket, for example, Greenberg Traurig just picked up about 50 Dewey lawyers over in Poland, to form Greenberg Traurig Grzesiak. Meanwhile, here in New York, Sutherland Asbill & Brennan has added insurance litigatrix Ellen Dunn, former co-head of D&L’s U.S. litigation practice, to its ranks.

While the partner stars realign themselves, back here on earth, last night brought bad news for former Dewey associates and staff….

double red triangle arrows Continue reading “Dewey Have the Ability To Keep Paying Severance? Apparently Not”

As a law student, having an article accepted for publication in a law review or journal is usually a great way to ensure that your résumé lands on the top of the enormous stack of papers on the hiring partner’s desk. Having a degree from Harvard Law School is an even better way to do the same thing. But the ultimate claim to success is having both of these things. You’ll get the Biglaw job that you’ve always dreamed of, and a six-figure paycheck to pay off your matching six-figure debt.

Unless you’ve been accused of plagiarism. Then you can kiss all of your dreams goodbye, and say hello to the unemployment line. This is what one recent Harvard Law graduate claims happened to her in a lawsuit against her Ivy league alma mater….

double red triangle arrows Continue reading “Harvard Law Grad Makes JOLTing Discovery: Accusations of Plagiarism Can Ruin Lives”

* Dear Mr. President: are you in favor of civil rights for gay people or not? Let me put it another way: do you think that you should be allowed to marry the fence that has been banging you for the last four years? [Huffington Post]

* Here are the 15 law schools whose underemployment numbers are higher than their employment numbers. No lie, I was able to name eight of the 15 off the top of my head. [Tax Prof Blog]

* Would you wear a hijab while defending the accused 9/11 terrorists? What am I talking about, unemployed lawyers running around out here would wear a clown suit and mount a goat if they thought it would help them get a client. [Simple Justice]

* Senate Republicans blocked a bill to freeze student loan interest rates. Obviously, students in debt aren’t rich enough to merit help from Senate Republicans. [New York Times]

* Résumés: they’re not just for facts anymore. [DealBook / New York Times]

* What do you do if your neighbors smoke pot and your wife is trying to get pregnant? Well, marijuana makes sperm just as lazy as everything else, but if you are honestly living in a building where you get a “contact high” in the hallway, you should move out and let some awesome people move in. [New York Daily News]

Last week, we asked readers to submit possible captions for this photo:

On Monday, you voted on the finalists, and now it’s time to announce the winner of our caption contest….

double red triangle arrows Continue reading “Caption Contest Winner: California Dreamin’”

Here’s an unsurprising newsflash: young people have student loan debt, old people have student loan debt, and they have no idea what to do about it. With student loan debt having surpassed the one-trillion-dollar mark, we’ve officially reached a point where the media is calling this the crisis du jour.

We’ve discussed the dangers of incurring student loan debt time and time again throughout these pages, but it seems that people still don’t get it. They’d like some more — hmm, how shall we put this? — “sage” advice. They’d prefer to publish their woes for all to see on “the most popular and widely syndicated column in the world.”

They’ve chosen to go to Dear Abby for the answers….

double red triangle arrows Continue reading “Dear Abby: My Kid’s Law School Loans Are Ruining My Life”

Here at Above the Law, we frequently sound gloomy notes about going to law school. In the past week or so, for example, we’ve written about one recent law school grad on food stamps and another one with almost no employed classmates. We’ve discussed the bleak market for legal jobs and the crushing burden of student loan debt.

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….

double red triangle arrows Continue reading “Law School Success Stories: Submissions, Please”

Last week, we asked readers to submit possible captions for this photo:

Let’s have a look at what our readers came up with, and then vote on the finalists….

double red triangle arrows Continue reading “Caption Contest Finalists: California Dreamin’”

Yesterday, we brought you some pretty gruesome news about the state of the legal hiring market: there isn’t one (which comes as no surprise to graduating 3Ls and the class of 2011). In fact, according to one former law school student who was profiled by Business Insider, almost everyone he knows from law school is unemployed. Another recent law school grad is on food stamps.

Lawyers can deal with unemployment and food stamps, but are any of them homeless?

Here’s the photo for our latest caption contest….

double red triangle arrows Continue reading “Caption Contest: California Dreamin’”

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