The average debt of law graduates tops $100,000, and most new lawyers do not earn salaries sufficient to make the monthly payments on this debt. More than one-third of law graduates in recent years have failed to obtain lawyer jobs. Thousands of new law graduates will enter a government-sponsored debt relief program, and many will never fully pay off their law school debt.
Staci here. When you finished law school, you probably thought you’d have some time to relax before bar exam hell started this summer, but you quickly found out just how wrong you were about that.
So instead of going to the bar and getting all wasteyfaced, you buckled down and studied hard for a few weeks. But you still felt deprived. You still felt like you needed to go out and get your partying ways out of your system. It was then that you had an epiphany — come hell or high water, you were going to take a weekend trip to Vegas to escape from your bar exam woes.
Now, this may sound incredibly stupid to some of our readers, and to be quite frank, it is. It’s about as stupid as choosing someone like me as your bar exam study partner. But Mr. Bar Exam didn’t care.
Let’s see the important lesson he learned in this week’s episode….
At the end of last week, I wrote about an interesting campaign video for Jim Foley, an attorney running for a state judge position in Olympia, Washington. At first I wasn’t sure what I thought about it — was it ridiculous, or awesome, or both? But the longer the video’s rap hook stays in my head, the more sure I am of how great it is.
So, imagine our pleasant surprise here at ATL when we got an email over the weekend from Jim Foley himself. He provided a couple of interesting details about his campaign ad: who’s the mysterious rapping woman? Who were the boys sharing his delicious stew? What exactly are the lyrics to the song?
When you consider what would make a qualified state judge, what comes to mind? Empathy, lots of in-court experience, evenhandedness, fairness?
Pssh. I think we all really want a judge who bench presses in a tank top with his name on it, builds boats at his house, and knows how to cook a stew. A colorful bowtie and rapping hype-girls are also important, of course.
That’s why Jim Foley, an attorney in Olympia, Washington, has created the wonkiest campaign ad we have seen in a while. Love it or hate it, watch the video and you will be singing, “Holy moley, I hear Jim Foley is running for judge in the city of Oly,” for the rest of the afternoon.
Elie here. As many of you know by now, studying for the bar exam kind of stinks. You’ve finished law school — it should be time to celebrate, but you can’t, because you’ve got to go right into bar prep mode.
To add some levity into these dreary times, we have partnered with “Mr. Law School” who will showcase his unique brand of bar preparation in an ongoing video series. We’ve linked to him before, and we think you’ll enjoy this weekly study break.
Let’s get to the video. This one is safe for work, but I can’t promise that all of them will be…
That’s the question the WSJ Law Blog just asked about the [pick your favorite adjective: beleaguered / collapsing / flailing / troubled] law firm of Dewey & LeBoeuf. Today brings big, bad news for Dewey: bankruptcy superstar Martin Bienenstock is taking his practice to Proskauer Rose. He’s moving with five other partners — Philip Abelson, Irena Goldstein, Timothy Karcher, Michael Kessler, Judy Liu — and nine associates.
Dewey’s loss is Proskauer’s gain. “He is absolutely the crown jewel over there, a fantastic lawyer who will be a great partner,” a current Proskauer partner told us. “This is going to vault us into the company of Kirkland and Weil, giving us one of the top bankruptcy practices in the country. We are really thrilled.”
Sometimes, to win, you have to hurt some feelings. You have to step on some toes. You have to sell yourself to get what you want.
The students of Columbia Law School know the truth of this. And that is why today, they stand as winners in our Fourth Annual Law Revue Video Contest. Their raunchy (and I mean raunchy, watch it again below) video bested George Washington’s Palsgraf effort.
But not without a lot of intrigue. We’ve seen some hard campaigning before in these contests, but Columbia’s efforts went to the mattresses….
The U.S. government seems to be losing ground quickly in the PR war surrounding the case against Megaupload, the massive file-sharing site, and the company’s leader, Kim Dotcom. Just over a week ago, we learned that Quinn Emmanuel had signed on as the company’s defense team; the firm hit the ground running with a brief calling B.S. on one of the government’s objections.
And on Friday evening, news broke that the FBI may have again screwed the Megaupload pooch. The potential procedural goof was apparently severe enough that a federal judge wondered aloud if it might have killed the case…
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…
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: firstname.lastname@example.org.
We currently have a very exciting and rare type of in-house opening in China at one of the world’s leading internet and social media companies. Our client is looking for an IP Transactional / TMT / Licensing attorney with 2 to 6 years experience. The new hire will be based in Shenzhen or Shanghai. Mandarin is not required (deal documentation will be in English) but is preferred. A solid reason to be in China and a commitment to that market is required of course. This new hire will likely be US qualified (but could also be qualified in UK or other jurisdictions) and with experience and training at a top law firm’s IP transactional / TMT practice and could be currently at a law firm or in-house. Qualified candidates currently Asia based, Europe based or US based will be considered. The new hire’s supervisors in this technology transactions in-house team are very well regarded US trained IP transactional lawyers, with substantial experience at Silicon Valley firms. The culture and atmosphere in this in-house group and the company in general is entrepreneurial, team oriented, and the work is cutting edge, even for a cutting edge industry. The upside of being in an important strategic in-house position in this fast growing and world leading internet company is of the “sky is the limit” variety. Its a very exciting place to be in China for a rising IP transactional lawyer in our opinion, for many reasons beyond the basic info we can share here in this ad / post. This is a special A+ opportunity.
If your firm is in ‘go’ mode when it comes to recruiting lateral partners with loyal clients, then take this quiz to see how well you measure up. Keep track of your ‘yes’ and ‘no’ responses.
1. Does your firm have a clearly defined strategy of practice groups that are priorities of growth for your office? Nothing gets done by random chance, but with a clear vision for the future. Identify the top practice areas for which you wish to add lateral partners. Seek input from practice group leaders and get specifics on needs, outcomes, and ideal target profiles.
2. In addition to clarifying your firm’s growth strategy, are you still open to the hire of a partner outside of your plan? I’ve made several placements that fit this category. The partner’s practice was not within the strategic growth plan of my client, but once the two parties started talking with each other, we all saw how it could indeed be a seamless fit. Be open to “Opportunistic Hires.” You never know where your next producing partner might come from, so you have to be open to it. I will be the first to admit that there is a quirky element of randomness in recruiting.
The traditional job application and interview process can be impersonal, and applicants often struggle to present themselves as more than just the sum of their GPAs, alma maters, and previous work history. ATL has partnered with ViewYou to help job seekers overcome this challenge. ViewYou NOW Profiles offer a unique way for job seekers to make a personal, memorable connection with prospective employers: introduction videos. These videos allow job candidates to display their personalities, interpersonal skills, and professional interests, creating an eDossier to brand themselves to potential employers all over the world. Check it out today!