* 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]
Welcome back to our series of open threads on the latest batch of U.S. News law school rankings. Last time, readers weighed in on the schools that filled out the middle of the traditional first tier (ahh, the good old days when there were more than two). There were some rather significant moves worth noting in that group, like Alabama and Washington. Also worth noting are the schools that disappeared from that list, and now we’ll get to talk about them.
This time around, we’ll be taking a look at the law schools at the bottom of the top 50, the schools that some would argue belong in the traditional “second tier” (no, not the dreaded “rank not published” or “RNP” tier).
These schools might not be at the top, but some of them charge like they’re the cream of the crop….
I’m not going to lie, these are quickly becoming my favorite columns to write every year.
For approximately 364 days a year, law school deans are free to tell us how great their schools are without being forced to provide any data to support their claims of being the best law school for whatever. But one day, each law school must confront the stark reality of their U.S. News law school ranking. They can disparage the rankings, get angry at the rankings, or boast about the rankings (if they’re lucky). But deans ignore the rankings at their own peril.
And so some deans are forced to address their schools’ poor rankings. They are free to spin things however they want, but for one day, they’re not operating in a vacuum. There is an objective fact that is just a little bit beyond their powers of self-reporting manipulation.
Ed. note: Due to the Labor Day holiday, we’ll be on a reduced publication schedule today. We’ll be back to normal tomorrow. A restful and happy Labor Day to all!
* The lone ex-Dewey partner who was sued by Citibank for defaulting on his capital loan is fighting back, claiming that he was “fraudulently induced” into signing up for the plan even though the bank knew that the S.S. D&L was sinking. [Reuters]
* If you’re trying to avoid additional questions being raised about your alleged bad behavior, a resignation amid scandal isn’t the way to do it. Suzanne Barr, the ICE official accused of running a federal “frat house,” has quit her job. [New York Daily News]
* A federal judge taught the members of the Louisiana Supreme court that the year 1994 did, in fact, occur before the year 1995. Justice Bernette Johnson will now ascend to the rank of chief justice. [Times-Picayune]
* Because we’re all a little hopeless these days: given the bleak realities of our economic situation, perhaps it’s finally time to change the standard for a discharge of student loan debt in bankruptcy. [New York Times]
* “The groups that attempt to rank schools are involved in a lot of hogwash.” Even if that’s the case, people are still going to care about the University of Illinois’s rankings nosedive after the Paul Pless to-do. [News-Gazette]
* Don’t be scared by the absurd tuition rates or the abysmal job prospects, because law school is still a great investment for African-Americans — and for law schools in search of diversity, too. [National Law Journal]
* “[T]hat a lawyer would take this kind of case is shocking.” Sadly, it’s not. Angelica Marie Cecora, the alleged escort who filed a $5M suit against Oscar de la Hoya, now has to pay all of his legal fees. [New York Post]
Today the ABA fined Illinois Law $250,000. The ABA also censured the law school.
The Chicago Tribune reports that this is the first time the ABA has fined a law school for inaccurate consumer information. I guess that’s a step in the right direction. Still, considering the average salary for an Illinois College of Law full professor is $194,624, it’s hard to see the fine meaning very much to the school’s operations…
This $10 million house is owned by a lawyer at a top law firm. Which one?
What can we say? We can’t get enough of Washington real estate. And neither can you, judging from the traffic generated by our recent look at some million-dollar homes in the D.C. area. So let’s return to that well.
Our last story was about homes in the $1 million to $3 million range. Let’s class it up a bit and look at Lawyerly Lairs ranging in value from $7 million to $10 million….
The first month of the new year turned out to be a great one for lawyers, but as usual, we don’t exactly mean that in the nicest of ways. January brought us new legal controversies of all varieties, from all kinds of places.
With terroristic threats allegedly made by an associate at one Biglaw firm, and scandalous sexual allegations raised by a partner from another one, we knew that we’d have a crop of crass and sex-crazed behavior for this round of our Lawyer of the Month competition.
That being said, let’s check out our nominees for the month of January….
This Bachelor wasn't impressed with the credentials of one Illini 2L.
Still reeling from the producers’ decision to include one Latino contestant four seasons ago, The Bachelor franchise is back in Narnia this season with another all-white cast vying for the heart of Ben Flajnik, Sonoma’s most eligible winemaker and Geico Caveman lookalike. During the opening montage on the first episode, we see Ben drive a tractor, examine dirt, and wear a dusty leather vest — all key indicators that Ben is serious about his business.
Will such a serious career man be able to find love among this season’s pack of Dental Consultants, Trading Clerks, VIP Cocktail Waitresses, and other C-level executives? Luckily, he doesn’t have to. Also available for fake engagement this season is a sexy, seasoned Biglaw attorney.
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!