For the past few years, the National Law Journal has been publishing a list of the best law schools to go to if you want to work in Biglaw after graduation. But through the lens of this annual report, we can see some of the changes that have happened in a profession that’s been in transition ever since the Great Recession. From layoffs to law firm collapses, Biglaw has faced many difficulties, and these challenges have been passed on to would-be associates when it comes to hiring.
Take, for example, the hiring scene in 2008, when the law school that earned the highest honors on the NLJ’s report could brag about sending 70.5 percent of its graduates to top law firms. Although we’ve started paving the road to recovery after several sluggish years, the employment picture for law students hasn’t rebounded to those levels.
Slowly but surely, it’s been getting better. In fact, this year, the future for law students seeking Biglaw jobs looks “marginally brighter.” But how much better? Let’s find out….
Well, the election is over, and a gaggle of new Congressfolks and Senators are coming to Washington in January. Of this population, 43 percent are lawyers, reversing the decline in lawyer politicians. So let’s review the incoming class and you can not-so-quietly judge our new legislators for their education and experience in the comments.
Ten new members attended Harvard Law School, so congratulations Crimson for continuing your tradition as the shadowy institution ruling our lives. There are also some inspiring stories among the new members. Like Joseph P. Kennedy, who lifted himself up by the bootstraps and managed to get into Harvard without any connections whatsoever. Everyone’s education info and any interesting career tidbits are provided below.
Earlier this week, we brought our readers news of the latest Princeton Review law school rankings for Best Career Prospects. Basing a “career prospects” ranking on surveys of current students, students who have yet to embark upon their careers, could be questioned methodologically — but you ate that s**t up like Halloween candy, so let’s give you more.
Today, we’ll take a closer look at the new rankings in categories that current law students actually know something about: the law schools that are the toughest to get into, and the law schools with the most competitive students. While one of these rankings lists is consistent with conventional wisdom, the other might surprise you.
Good news, everyone! Princeton Review — the other, other white meat U.S. News — has released its very own law school rankings. This year, we are treated to the Best 168 Law Schools Rankings. As usual, the rankings are divided into 11 categories filled with mostly nonsensical results. After all, where else will you find Cooley Law on a list for having the “Most Competitive Students”?
But nonetheless, in this kind of a down market, everyone’s been itching to see a rankings list of the law schools that will verily ensure graduates’ employability (except for the purposes of suing over employment statistics, of course). Honestly, why go to law school in the first place if as a result you’re only qualified to stock shelves at the local convenience store?
That’s why everyone breathed a sigh of relief when Princeton Review released its somewhat-ridiculous “Best Career Prospects” rankings list. Because any list that doesn’t include Yale is sure to be worth reading….
Is law school worth the tuition? Should I take out loans to go to a highly-ranked school, or accept a scholarship to a lower-ranked school? These are the burning questions that this website loves to pose.
I have opinions on these subjects like everyone else, but honestly, what do I know? The legal market was very different when I went to law school.
I attended The University of Pennsylvania Law School from 1996 through 1999. I loved my classes, my professors and my friends. Sure, law school was stressful, but, as I frequently quipped, it was better than work.
I have distinct memories of on-campus recruiting. OCR seemed stressful at the time, but it can hardly be compared to the stress that students now face In This Economy. In the late 1990s, attending a T-14 school virtually guaranteed you a Biglaw job, if that’s what you wanted.
And we did. All but a handful of my classmates aspired to work in Biglaw, at least to start our careers….
* Dewey retired partners with unfunded pensions get a seat at the table for this bankruptcy circus? Yeah, but only because the U.S. Trustee did something unheard of and appointed a committee of former partners as creditors. [WSJ Law Blog]
* Yesterday was definitely a great day to be gay on the east coast. In addition to the First Circuit’s DOMA decision, a New York appellate court ruled that being called gay is no longer defamatory per se. [New York Law Journal]
* Milberg is the latest firm to dump Paul Ceglia of Facebook lawsuit fame, but Dean Boland, his other lawyer, says the Biglaw firm just “serve[d] as a distraction.” Somebody please give this man a dislike button. [Buffalo News]
* Elizabeth Warren has confirmed that she told Harvard Law and Penn Law that she was a Native American, but only after she had been hired. She didn’t get any action of the affirmative variety, no sir. [Associated Press]
* Activision settled a lawsuit with two Call of Duty developers, but isn’t worried about an effect on its financials due to a strong third quarter performance. And you can thank your damn Elite packages for that. [PCMag]
* Dewey seriously have one chairman again? Good Lord, this law firm is literally falling apart! Martin Bienenstock had “no plans to file bankruptcy” because he knew he was taking the first life raft off this sinking ship. [WSJ Law Blog]
* When Dewey WARN people? When it’s already too late. In case you missed it last night, the firm was served with its first suit following its en-masse layoffs. The more the merrier, because it’s a class action. [Bloomberg; WSJ Law Blog]
* Elizabeth Warren can’t decide whether she’s white or Native American. Apparently it depends on her geographic location, because she was white at UT Law, but a minority while at Penn Law. [Boston Globe]
* Racial profiling still ain’t easy, but Arizona Sheriff Joe Arpaio “will fight this to the bitter end.” The Department of Justice has filed a civil rights suit against the no-nonsense Sheriff and his department. [Associated Press]
* New Jersey Governor Chris Christie must be gearing up for his inevitable 2016 presidential run, because yesterday he vetoed an online insurance marketplace required by the Affordable Care Act. [New York Times]
* Syracuse Law recently broke ground on a $90M building that will serve as its new home. May political plagiarizers continue to grace the law school’s halls for years and years to come. [National Law Journal]
The federal judiciary recently lost two of its most distinguished members. One was a trial judge on the East Coast, and one was an appellate judge on the West Coast (as well as the nation’s longest-serving federal appellate judge).
Both were leading lights of the Article III judiciary. They will be deeply missed by their courts; their clerks, current and former; and their colleagues….
Oopsie, it’s been quite a while since we last discussed law-related vanity license plates. We haven’t updated the series in a while, but that doesn’t mean we’re not looking for more photos. So if you’re a fan of our Law License Plates posts, please send some in via email (subject line: “Vanity License Plate”).
Today, we’ll be writing about lawyers who really, really love their law schools. Because hey, let’s face it, with six figures of student loan debt, these educational institutions basically own you. Why not brand your car with your law school’s name and let the world know who you’re enslaved to?
But loan debt and all, we really thought that graduates of the so-called “T14″ could afford to drive nicer cars….
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When Chintan Panchal decided to leave a global BigLaw partnership to start his own firm, he could only hope that he would face the high-quality problem of firm building that many had cautioned him about. Focused on the uncertainty surrounding of a new firm launch, he decided to tackle staffing needs, IT challenges, and financial planning requirements after he had built up his legal practice.
Panchal Associates LLP–a corporate/finance and outside general counsel boutique–was quickly off to a great start. Clients and matters were flying in the door, and Chintan soon had a team of lawyers and staff with a variety of operational needs. To continue building an excellent team and provide them with a competitive benefits package, to expand his physical presence to include a European practice and additional partners, and to scale his operations and IT capabilities to support this growing enterprise brought with it demands of time, money, and expertise. Chintan knew he needed help.
“With the assistance of NexFirm, we have upgraded the capabilities of our firm to meet, and in some cases exceed, the standards we were used to at our former BigLaw firms. Operationally, we can now attract and service clients we didn’t have the bandwidth to support in the past, and continue to build our team with the best and brightest legal talent in the industry,” said Chintan Panchal, adding “It has worked out quite well in our case; NexFirm is an essential partner for us.”
The holiday season is upon us, and yet again, you have no idea what to get for the fickle lawyer in your life. We’re here to help. Even if your bonus check hasn’t arrived yet, any one of the gifts we’ve highlighted here could be a worthy substitute until your employer decides to make it rain.
We’ve got an eclectic selection for you to choose from, so settle in by that stack of documents yet to be reviewed and dig in…
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