100% of kids who got into this box were in this box!
Earlier today, we talked about the brain drain as law schools have to compete for a dwindling pool of high-scoring applicants. In this market, hitting your targets for your entering class is a tricky business for deans of admission at our nation’s law schools.
It’s an issue of yield: law schools need to make offers to enough applicants to fill their seats, without becoming overwhelmed with matriculating students. If schools that are ranked higher than you start admitting applicants with slightly worse qualifications than usual, you end up with not enough students — and your yield rate (the percentage of students you make offers to that actually accept the offer) goes in the tank. Poor yield rates look bad, and make it harder to predict how many people you need to admit in the first place.
Man, if only there was a way you could know whether or not people would come to your school before you admitted them….
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….
Ed. note: This is the first in a new series, “Across the Desk,” from Bruce MacEwen and Janet Stanton of Adam Smith Esq. and JDMatch. “Across the Desk” will take a thoughtful look at recruiting, career paths, professional development, human capital and related issues. Some of these pieces will have previously appeared, in slightly different form, on AdamSmithEsq.com.
As noted in the American Lawyer recently, the lateral recruiting boom of recent years continues unabated. As the Am Law article points out, “At the same time [as they’re focused on hiring lateral partners], firms appear to be homing in on their poor performers. Nine out of 10 survey respondents said their firm has ‘unprofitable’ partners, and seven out of 10 said their firms have partners at risk of being deequitized or ‘put on performance plans.’ As one survey respondent put it: ‘There are too many partners without sufficient billable work.’”
Now, wouldn’t you think it would make sense — if firms are worried about underperformers — to pay some attention to associates as well as partners? After all, some of those associates should, speaking theoretically at least, be your future partners.
Yet there’s unrebutted evidence that firms look at the wrong criteria when hiring associates….
Is there anything quite as grand as allegations of a UVA Law grad behaving badly?
Today’s installment of “Lol-VA” involves serious allegations against a lawyer and 2009 graduate of UVA Law who was dubbed a “rising star” in Democratic politics in Virginia. Unfortunately, instead of the usual fun allegations of getting belligerent and drunk or stealing transcript paper, these claims are more serious.
Albemarle County supervisor Christopher Dumler was arrested and charged with forced sodomy, yesterday.
Collars should go down to half mast, as these allegations could put a stop to Dumler’s career…
If I may be so bold, I have an idea for a new class to be taught at UVA School of Law. It would be called “Use Your Words,” and it would go over the proper way for lawyers and law students to address police officers.
I’d teach the class at 2:00 a.m. That way the students could get in the habit of addressing people with respect even while they are intoxicated.
They could use the training. A couple of years ago, a UVA law student found herself accused of spitting on the police after a night of drinking (although the charges were ultimately dropped). More recently, a UVA Law alum and DLA Piper partner, Laura Flippin, did use her words about her own intoxication — she just allegedly didn’t use truthful ones, while under oath.
Today, we’ve got another UVA law student who allegedly didn’t use her words with the police; instead, she used her phone. No, not in the way you’re thinking….
Here’s a fun way to deal with declining law school applications across the country. UVA Law is literally sweetening the deal for their students. The school is now providing free honey in Slaughter Hall. That’s where UVA houses its student organizations, in addition to some administrative offices.
I think it’s a great idea. Honey is a tasty treat that… wait, hold on, I’m getting some new information. Sorry, sources are now reporting that the the free honey is due to an… am I hearing this right… an infestation of bees at the law school.
If you think that there’s only one reason that a person would want to steal transcript paper, you’re not going to be disappointed by Josh Gomes’s guilty plea. It’s that familiar story of a person popping his collar while wearing no pants….
Last month, we solicited law school success stories from you, our readers. We’re often quitecritical of law schools around these parts. So, to even out the scales a bit, we’re going to be running a series of happy stories, focused on graduates who are glad they went to law school.
We’ve tried to organize the success stories under a few broad themes, to lend some structure to the discussion. Some of the themes exist in tension with each other, and not all themes will apply to all readers. By the time the series is done, however, we hope that the stories will collectively shed some light on the question of whether one should go to law school.
Let’s launch into our first collection of law school success stories. They could be grouped under the theme of “go cheap, or go home”….
You know how they say that if a kid tortures animals, then it’s a pretty good bet that the kid will grow to be a danger to people? I feel like a similar thing can be said of law students. If you see a law student who picks on law librarians, administrative staff, and others in the law school community who don’t have the power and respect of the academic faculty, it’s a pretty good bet that you’re looking at a future lawyer who is going to yell and scream and bully his secretary and people who are junior to him.
It’s. Really. Pathetic. Throwing a hissy fit at those who have no power is the mark of a coward.
Of course, the ultimate law school pressure-cooker is final exams. And when the pressure is on, you can find out who keeps their cool, and who is a d-bag…
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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 six years. You can reach them by email: email@example.com.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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