Make fun of the University of Chicago Law School’s law-and-economics focus all you want. Their graduates make good use of the training, enjoying tremendous success in the business world. Some of them go on to become billionaires — and then make eight-figure gifts to their alma mater.
The legal eagle featured in today’s Lawyerly Lairs coverage isn’t a billionaire, but he has done very, very well for himself, in both business and politics. And real estate: he just sold his urban mansion for more than $11 million.
You’ll feel pangs of envy when you find out how little he paid for it — and when you see what a beautiful property it is….
As a law professor, if a judge issues a ruling that you don’t entirely embrace, there’s a couple ways to deal with it. You could limit yourself to carefully explaining your well-thought-out objections to the judge’s reasoning. Or you could spice up your arguments by baselessly asserting that state judges who went to “non-elite” schools are just biased against smart people like you.
This guy opted for the latter.
Last week I got denounced for disrespecting state judges and I didn’t even say they weren’t competent. So to all the bar associations out there, if you want to flex your outrage, let me offer this law professor as the real target….
It’s not much of a secret that women are routinely paid less than their male counterparts in the United States — to the tune of about 20 percent. It’s such a non-secret that even those who call the gap a “myth” don’t actually deny it as much as say “who cares?” Which makes the word “myth” more of a PR move to sell a license to be a prick. Usually literally.
More of a secret is the fact that even bastions of self-described enlightenment participate in this system. For example, academia. A new report by research site FindTheBest discovered that some of the top universities in the country — most boasting law schools — systematically underpaid female faculty.
And one law school clocked a $44,000/year pay gap between male and female faculty, making it the second-worst offender in the study….
The whole world has ground to a halt to watch the World Cup. Except of course in the United States, where the World Cup is mostly a curiosity to fill our days now that the NBA and NHL have finished their seasons.
Perhaps you’d pay closer attention if you had a guide to the teams that gave you a personal stake in a given squad. Without further ado, here’s an explanation of which law schools most closely resemble World Cup sides…
For those of you who covet the intellectual and professional opportunities that come with clerking for a judge, choosing a law school that will enhance your prospects is pretty important. Make no mistake, no school is going to guarantee a clerkship. Nor will attending a school with historically low representation in clerkships automatically nuke your chances. But, a school with a high placement rate reflects the school’s reputation with judges, the influence of its professors, and the strength of its clerkship process advisors.
Bob Morse of U.S. News has released a breakdown of the schools securing the most clerkships. And more importantly, he breaks out the best schools for federal clerkships and state and local clerkships.
So which law school is the best represented? OK, it’s Yale. But who else is at the top of the list?
Student members of the Union Council at University College London recently banned the “Nietzsche Club” from campus. Well, not really “banned,” as much as told the group it can no longer proclaim an affiliation with the school. The Council reasoned that the club was promoting a fascist ideology. Nietzsche fanboy Brian Leiter took a break from making up s**t from whole cloth to pen a stirring defense of the Nietzsche Club, pointing out that Nietzsche wasn’t really a fascist and noting that true Nietzsche scholars understand that he’s not the racist Nazi inspiration that everyone thinks he is.
Unfortunately for Professor Leiter, the student group in question totally digs Nietzsche for all the racist and fascist reasons.
Brian Leiter went off half-cocked on the internet? Wonders will truly never cease…
The only thing more obsolete than this building is what is inside it.
Some students at the University of Chicago Law School are up in arms because the school’s law review rejected a diversity proposal recommended by the school’s faculty. This rejection leaves Chicago’s law review as the only one at a top law school without any diversity component for choosing student staffers.
UPDATE (8:00 p.m.): A Chicago tipster clarifies: “While the faculty supported the Chicago Law Review diversity proposal, it was written and proposed by law review leadership,” which advocated for it strongly.
This is the point in the post where everybody, including my colleagues, expects me to scream RACEISM™ and jump up and down on the generally right-leaning law school. But honestly, I just don’t care. I just don’t give a damn if a law school is choosing spots on its law review fairly, unfairly, with racial animus, or based on cup size. NOBODY READS THEM. More people will read this post about the Chicago Law Review than will actually read the law review.
And really, if we’re going to pretend that getting on to law review is some important measure of student success or achievement, then maybe Chicago Law needs to do a better job of educating minority and female students at the school so that they might achieve at the same level of success as the white males who “win” this generally irrelevant prize….
* When it comes to billing rates, starting at the junior level, female law firm partners are still lagging behind their male counterparts by an average of 10 percent less. Boo. [Wall Street Journal (sub. req.)]
* Just in time for the graduation of one of the largest law school classes in history, the Bureau of Labor Statistics says the legal sector is shedding jobs. That sucks. Sorry Class of 2014. [Am Law Daily]
* Law school deans are dropping like flies. Since last week, at least three have announced their intention to leave their positions. We know of one more that we may discuss later. [National Law Journal]
* If you want to work as an attorney, your odds are better if you go to a Top 50 law school. Seventy-five percent of Top 50 grads are working as lawyers, compared to 50% of all others. [WSJ Law Blog (sub. req.)]
* The verdict is in on the latest Apple v. Samsung patent case, and Apple is probably pretty miffed it was awarded only $120M this time, since lawyers for the company requested billions in damages. [Reuters]
* Laura LaPlante, a 3L who was set to graduate from U. Chicago Law on June 16, RIP. [Chicago Tribune]
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!