Last Thursday, we opened our ATL Firm & School Insiders Survey and so far, so good. We’ve heard from students at nearly 100 law schools and lawyers at about 200 firms. As previously noted, this survey is one of the first data-gathering tools we’ll be using to create a new, expanded ATL Career Center. While we’re pleased with this initial response, of course we encourage all of you who haven’t yet to take 3-5 minutes and head over here to take our absolutely confidential survey. Thanks in advance.
To all non-law firm attorneys: thanks for your insight regarding your law school alma maters. Please know that we are looking forward to asking about your professional experiences soon, whether they be in government, non-profit, in-house, academia or elsewhere.
As our data accumulates, we look forward to slicing and dicing it in myriad ways, in order to find patterns of interest to our readership, but more importantly, for useful insights for anyone researching legal education and careers.
After the jump, we share a handful of early trends in the survey data:
Obviously, the heartbreaking news this morning is that Twinkies is filing for bankruptcy. Don’t act like I’m the only one saddened by this news. The Wall Street Journal reports that Hostess, the maker of the All-American snack, is carrying $860 million in debt and facing higher costs for sugar, flour, and whatever kind of rendered artery fat they inject directly into the center of those things.
Well, as long as SeamlessWeb is operating smoothly, lawyers will still be able to find adequate ways to become soft in the middle.
But not every lawyer. There are still a few legal types out there who take care of their bodies, and I’m not just talking about Reema Bajaj. I’m talking about lawyers who are actual athletes.
It’s a rare breed, but today we’re going to take a look at two of them. One is an Olympian, while the other is just a record-breaking weekend warrior…
Before we get into the rumor circus — and it’s a complete circus right now — let’s get some facts straight:
A) Larry Sager was already on his way out. We reported in August that Sager had decided to step down at the end of the year.
B) Sager was forced out yesterday. UT President William Powers Jr. told the Austin American-Statesman: “We asked him to step down and he did.” Stefanie Lindquist takes over as interim dean, immediately.
If some reports are to be believed, it’s not an accident that a woman will be replacing Dean Sager. Allegations of gender inequality when it comes to pay are hounding Sager as he makes this hasty exit.
Let’s delve into it and get some student reaction…
You know things are bad when U.S. News, the Holy Grail for students trying to figure out where to go to law school, is writing articles about all of the non-law related jobs recent graduates are taking just to get by.
This isn’t one of those “oooh, look at all the super-awesome things you can do with a sweet law degree” articles. U.S. News wrote a straight-out “J.D. stands for Just a Dog walker” article.
Everybody who is in law school knows how difficult the job market is. But U.S. News is giving this sobering message about “non-traditional” legal careers to people who have not yet signed up for their own financial doom.
And it turns out that even going to a highly ranked school doesn’t save you from having awful job choices…
We get it, law students: the curve sucks. Because the law school curve affects important things like class rank, law review eligibility, and employment opportunities, it can make or break your life. And in a world where the legal market is still recovering from circling the drain, your grades mean more than they ever did in the past.
While the curve reflects some amount of fairness for larger classes, what happens to the students in smaller classes? You’d think that if everyone in a seminar class kicked ass on the final, the school would allow the professor some leeway with the mandatory curve. That seems like it would be fair, right? It’s a load of bull if the school refuses to step away from the curve in this kind of a situation.
And speaking of bull, apparently if you mess with one in Texas, you’ll get the horns (or at least be called a crybaby). A student at the University of Texas School of Law is trying — albeit unsuccessfully — to fight the powers that be….
You’re not going to believe this, but according to the National Jurist, the best law school for “standard of living” is not in the Northeast. I know, I’m as shocked as you that schools in the mostly cold, dreary, overcrowded, hyper-competitive, super-expensive Northeast don’t rank more highly when it comes to their standards for law school life.
In all seriousness, I don’t begrudge University of Texas Law its victory in the lifestyle rankings (gavel bang: The Careerist). I have a couple of good friends who live in Austin and two things are clear: there’s is some serious, drop dead, it’d be worth having to drive a Lexus, talent in and around UT. And Austin is to Texas as The Hanging Gardens were to the rest of the Babylonian desert.
But there are a couple of top standard-of-living schools that seem a bit undeserving….
Many law school graduates are wondering how they can make themselves more marketable in light of their dismal job prospects. Hell, even graduates from elite law schools are having trouble finding jobs these days.
What can these would-be lawyers do to help themselves land a respectable job?
Some of these people are actually so desperate they believe that getting even more legal education will solve their employment woes. Maybe, just maybe, they think, an LLM from a better school will help them wipe the sub-T14 sludge off their résumés. Of course, money is no object, because really, after throwing $150,000 at a wall and hoping that it sticks, another couple thousand dollars is just a drop in the bucket.
But don’t sign up for that LLM just yet, because the masterminds at the University of Texas School of Law may have a solution for you. Education is the key, but it’s not the kind of education that you’d expect….
We know that tuition keeps going up at American law schools. And, for the most part, we know where the money goes. Law schools use tuition money and alumni donations to fund capital projects and law professor salaries. And, at some schools, the law school kicks back some money to the larger university. Law schools are cash cows, and everybody likes money.
Who is to blame for this? It’s hard to say. I tend to blame the American Bar Association, since the ABA is one of the few entities with regulatory authority over legal education (some law students are trying to get the Department of Education involved).
If the ABA will not act, it’s only natural for people to make as much money as possible, with reckless disregard to who gets trampled along the way. But one can find other culprits if you look hard enough. You could blame law school administrators, who are more concerned with money than education. You could blame the students themselves, for willingly forking over all of this cash. You could blame the federal government, for seemingly giving away money without making sure the taxpayers are getting a return on their investment.
But you know who you shouldn’t blame? Law school faculty. That’s right — they might get fancy new buildings and make six-figure salaries, but it’s not really their fault that the cost of a legal education has outstripped its value.
Who among us would not take more money and more perks for doing our same job?
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.