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?
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!