I previously wrote about the depressing prospects for graduates of all but the top ten or twenty law schools (“Two Law Grad Markets”). And yes, these were statistical generalizations, and the experience of specific individuals with particular skills and backgrounds will always be different, pro and con. But as an industry, if you care about our supply chain for talent, many law schools are burning platforms.
There are actually some closely connected problems driving this dynamic:
More JDs are being turned out each year than there are (a) full-time, (b) long-term jobs, (c) requiring bar passage, (d) at current salary levels;
perhaps the primary reason for the mismatch between supply of JDs and current demand for them (about two supplied for every one today’s market is demanding) is that clients increasingly resist paying for junior associates, which makes it uneconomic for firms to invest in traditional training;
but/and at the same time, every sentient observer is painfully aware that vast segments of the U.S. population — consumers and businesses alike — remain underserved by lawyers.
This would prompt any economist to ask, almost instinctively, “Why isn’t there a market-clearing price where supply and demand can meet?” Which is another way of asking, “What if there were a way to address both these problems at a single stroke?”
University of Denver law professor Nancy Leong continues her quest to make the internet safe for female law professors who engage in questionable scholarship. When last we heard from Leong, she was getting called out by Paul Campos for “research” that involved putting up white versus Asian profiles on Ashley Madison.
But Leong is better known for her ongoing dispute with online commenter “dybbuk.” Dybbuk made a number of nasty, racist, and sexist comments about Leong. Leong says that the comments have made her fear for her safety. She’s figured out who Dybbuk really is and is now asking his state bar to launch an ethics inquiry into his online behavior.
If you don’t like people trying to make your life awful, you shouldn’t talk on the internet. I think that rule applies equally to Leong and Dybbuk…
Even in a job market that isn’t floundering and redefining itself every six months it can be stressful. This is especially true for recent law school graduates who have the specter of future student loan payments lurking in every corner. So when a law school makes an earnest effort to assist its students and alumni in obtaining the jobs that are available, the school should be commended.
This post is about what happens when the “available jobs” are contract attorney positions. It may not be the dream job you envisioned when you submitted your law school application three short years ago, but it is a living.
Which law school is leveling with its recent graduates by setting up a matchmaking service to get recent grads work reviewing documents for peanuts?
* Sorry, ladies — the Duchess of Cambridge gave birth to a baby boy. Unlikely to be named “Joffrey.” [Fashionista]
* The PAC-12 is trying to block a for-profit university from joining Division I athletics. Hear hear. Division I athletics is for making millions exploiting an unpaid labor force and is no place for something as crass as a for-profit school. [Sports Illustrated]
* Professor Kyle Graham wonders: Do judges have slumps? [noncuratlex]
* If you’re fed up with the law, consider being a trophy wife! [The Careerist]
* For those high school graduates who already know they want to be lawyers, Denver Law has a joint Bachelor’s/J.D. program. So what’s the angle here? Locking undergrads into DU Law years in advance, or protecting DU’s LSAT median by filling the class with students who don’t take the LSAT? [University of Denver Law School]
* Sheikh Mohammed bin Rashid Al Maktoum of Dubai has pardoned a Norwegian woman who had been sentenced to prison for the transgression of being raped. Remember, Dubai is the relatively forward-thinking country in the region. [CNN]
* Justice Kagan can get a little snarky, can’t she? [Dorf on Law]
* Trevor Faure of Ernst & Young explains how a variety of market forces have placed law firms and their clients in an almost adversarial setting. Video after the jump….
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.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.