* Yale Law is teaching students basic financial literacy. While some are hailing this program, my question is: how are kids getting to 20-something without learning this stuff already? [Yale Daily News]
* There’s a very good chance that if you go in-house, you could wind up making more money than even the wealthiest of Biglaw partners. But how much more? Take a look at the latest GC compensation survey. [Corporate Counsel]
* GM has hired outside counsel to review the way the company handles its litigation practices. Since we’re not sure which, we’ll take bets on whether this “well-respected outside law firm” is Wachtell or Jenner & Block. [WSJ Law Blog]
* A federal judge in California ruled that the state’s death penalty was unconstitutional. It seems that allowing a defendant to live with the “slight possibility of death” violates the Eighth Amendment. Damn you, appeals! [New York Times]
* “He hasn’t been charged with anything at the moment and we’ll deal with the charges when they’re filed.” Sgt. Bowe Bergdahl is currently being represented by Yale Law lecturer Eugene R. Fidell, a recognized military law expert (and husband of noted legal journalist Linda Greenhouse). [New Haven Register]
* We all know that George Clooney’s fiancée, Amal Alamuddin, has both beauty and brains. What we didn’t know is that she poses for incredibly embarrassing pictures, just like the rest of us. [Us Weekly]
The whole world has ground to a halt to watch the World Cup. Except of course in the United States, where the World Cup is mostly a curiosity to fill our days now that the NBA and NHL have finished their seasons.
Perhaps you’d pay closer attention if you had a guide to the teams that gave you a personal stake in a given squad. Without further ado, here’s an explanation of which law schools most closely resemble World Cup sides…
For those of you who covet the intellectual and professional opportunities that come with clerking for a judge, choosing a law school that will enhance your prospects is pretty important. Make no mistake, no school is going to guarantee a clerkship. Nor will attending a school with historically low representation in clerkships automatically nuke your chances. But, a school with a high placement rate reflects the school’s reputation with judges, the influence of its professors, and the strength of its clerkship process advisors.
Bob Morse of U.S. News has released a breakdown of the schools securing the most clerkships. And more importantly, he breaks out the best schools for federal clerkships and state and local clerkships.
So which law school is the best represented? OK, it’s Yale. But who else is at the top of the list?
Time for another romp through the New York Times wedding pages to survey the latest and most impressive lawyer nuptials. The height of wedding season is upon us, and this crop does not disappoint. We’ve got associates at some of the nation’s most exalted law firms! We’ve got Supreme Court clerks! Come for the romance, stay for the prestige.
* The Supreme Court won’t be blocking gay marriages from occurring in Oregon pending an appeal. Maybe it’s because the request wasn’t filed by the state, or maybe it’s because Justice Kennedy is the man. [National Law Journal]
* “To err is human. To make a mistake and stubbornly refuse to acknowledge it — that’s judicial.” This Ninth Circuit judge wants his colleagues to get over themselves. Please pay attention to him, SCOTUS. [WSJ Law Blog]
* Cheerio mates! As it turns out, according to a recent stress study, lawyers at Magic Circle firms in Merry Olde England are more miserable than their American colleagues. [The Lawyer via The Careerist]
* Donald Sterling dropped his $1 billion lawsuit against the NBA and agreed to the sale of the Clippers to Steve Ballmer for $2 billion. Lawyers for Skadden have been sent back to warm the bench. [Bloomberg]
* In a surprise move, InfiLaw pulled its application for a license to run Charleston Law into the ground the day before a vote was supposed to be held. At least the opposition won this battle. [Post and Courier]
* The Yale Law School Clinic is representing a deported Army veteran seeking a pardon and humanitarian parole. Check it out: experiential learning can be beneficial for everyone involved! [Hartford Courant]
* If you want to become a Supreme Court justice, you can start by attending one of these three schools. The schools that produced the most justices are Harvard Law, Yale Law, and Columbia Law. [TIME]
* Many of the transactional practice areas that took a bruising during the height of the recession, like corporate work, M&A, real estate, and tax, seem to be coming back. Sorry litigators. [WSJ Law Blog]
* Following Oklahoma’s botched lethal injection, another death row inmate has been given a new lease on life — for the next six months — while an investigation is being carried out. [Associated Press]
* Members of the defense team for accused Boston Marathon bomber Dzhokhar Tsarnaev not only want their client’s comments after arrest stricken from the record, but they also want the death penalty off the table. Good luck. [CNN]
* A lawyer was arrested after a school board meeting because he complained for too long about a graphic sex scene in a book his daughter was assigned to read for school. That’s typical. [New York Daily News]
Since we released the ATL Top 50 Law Schools last week, we’ve received a fair amount of feedback and criticism regarding our approach to ranking schools. As noted (again and again), our methodology considers “outcomes” only — the idea being that, in this dismal legal job market, that’s all that truly matters. Our rankings formula weighs six outcomes; these three below were the most disputed:
• Supreme Court Clerks. This is simply the number of SCOTUS clerks produced by the school over the last five years, adjusted for the schools’ size. By far, this is the most heavily criticized aspect of our methodology. “Preposterous!” “Irrelevant!” “Reflective of some weird fetish on the part of one of your editors!” And so on. To which we say, sure, SCOTUS clerkships are irrelevant in assessing the vast majority of schools. Properly considered, this component is a sort of “extra credit question” that helps make fine distinctions among a few top schools.
• Federal Judgeships. The number of sitting Article III judges who are alumni of the school, adjusted for size. Some complain that this is a lagging indicator that tells us something about graduates from 25 years ago but little about today’s students’ prospects. Besides, aren’t these appointments just a function of the appointees’ connections? True enough, but this is certainly an indicator of the enduring strength and scope of a school’s graduate network — surely a worthwhile consideration. Connections matter.
• Quality Jobs Score. The percentage of students securing jobs at the nation’s largest law firms combined with those landing federal clerkships. The principal criticism with this metric is that it fails to include some categories of desirable job outcomes, including so-called “JD Advantage” jobs and certain public interest/government positions. However, parsing out the “good” jobs from the rest is the problem. Whenever we could, we used the most straightforward, obtainable, and well-defined data points, with the goal of a “quality jobs score” as a reasonable proxy for quality jobs generally.
Read on for a look at which schools rated best in each of the above categories, as well as on Employment Score and Lowest Cost. We’ll also look at some of the biggest gainers and losers in the ATL 50, plus significant differences between our rankings and U.S. News….
Women continue to have a hard time in the law. Whether they’re being told not to show cleavage, dress like “ignorant sluts,” or wear hooker heels, they just can’t the respect they deserve. In an environment like this, where women are perceived as lesser beings and one is expected to bring baked goods to the office just because she happens to have breasts, achieving a sense of work/life balance seems like an incredibly lofty goal.
The Yale Law Women just came out with their annual list of the top ten family friendly firms. We cover this list every year (see our posts from 2013, 2012, 2011, 2010, 2009, and 2008). This year’s list changed very dramatically from last year’s: only three of the firms have returned.
Which firms made the cut? Which firms had the best options available to both women and men? Let’s take a look at the latest ranking for the most family-friendly firms…
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!