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…
* Bob Morse announces that new jobs data may be used to change the methodology for calculating law school employment rates. Because Bob Morse has to do the ABA’s job for them. HIYOOOO! [U.S. News & World Report]
* And speaking of employment (or lack thereof), it looks like UDel and SUNY Stony Brook have given up their plans to build new law schools. Did they smarten up and start worrying about jobs like we do? [Washington Post]
* Joran van der Sloot: rolling his eyes at murder charges since 2005. More than a year after his arrest, he’s been charged with the murder of Stephany Flores. [CNN]
* Representing a private company, Cadwalader’s antitrust case against Google got tossed. Even Biglawyers can fail to meet their burdens of proof. [CNET]
* ‘Cause tonight we’re robo-signing like it’s 1999? Mortgage paperwork screw-ups aren’t as new as you think – they’ve been around since flannel was still cool. [Associated Press]
* Remember that Oscar de la Hoya lawsuit? The settlement allegedly included $20M in exchange for getting his heels and fishnets back. You can’t keep a good crossdresser down. [New York Post]
Ervin Burell was a man who know how to 'juke the stats.'
All right folks, graduation is upon us. If you are a 3L who did not secure a post-graduate legal job, I’m sorry. Your life isn’t over, but law school didn’t work out as well for you as you might have hoped. At least not yet.
Not that your law schools want anybody to know that. No, according to your law school, you, unemployed 3L, are an embarrassment. They wish you would just go away. They don’t want to be reminded that you exist. Why? Because your unemployment could hurt your law school’s U.S. News ranking.
Unfortunately for some schools, U.S. News is actually paying more attention these days to schools that simply ignore their unemployed 3Ls for purposes of reporting their employed-upon-graduation statistics. Maybe U.S. News can’t force schools to report only those students employed in legitimate legal jobs, but they can punish schools that refuse to report on all of their recent graduates.
You know what that means: bring on your fake job programs, designed largely for rankings-enhancement purposes.
Let’s try to collect all of the schools that are enacting ridiculous “employment” programs that seem designed primarily to enhance their U.S. News rank. We’ll get you started with a fun one….
On Monday, we talked about the big New York Times article over the weekend about the way law schools use merit-based scholarships to rope students in. When discussing the need to give out scholarships, the Times cites some very familiar language about how fixation on the U.S. News rankings guides the decisionmaking processes of many law school administrators.
Truly, you seemingly can’t have an article that is critical of the way law schools handle their business without there being some jab at U.S. News in there. It’s kind of like how basketball announcers can’t talk about a white basketball player without slipping in unsupported criticism that he might be “soft.” When the U.S. News stuff appeared in the NYT piece, I was so used to it I didn’t even notice it.
But U.S. News rankings guru Bob Morse noticed it. And he’s freaking sick of it….
Many people, especially law school administrators, bemoan the U.S. News law school rankings. Sure, they have their pedagogical reasons for hating the rankings, but there are larger issues here. When schools drop in the rankings, heads tend to roll.
Of course, law schools deans rarely admit they were ousted because of the U.S. News. But now is the season of administrative resignations. There are a couple of them floating around out there, but one in particular caught my eye. The dean of a law school that took a substantial hit in this year’s rankings has resigned. Not to take a job elsewhere or spend more time with his family. No, he’s putting down the deanship to rejoin the faculty.
I graduated from Northwestern Law in 2009. It is now 2011, my loans are coming due (real due — not the fake, put ‘em in forebearance, due of yesteryear), and I am currently “employed” doing two things: reviewing documents at an embarrassing hourly wage on projects that start and stop without any sort of consistency, and writing “jokes” about the Microsoft Zune every weekday morning, every other week. To borrow from David Foster Wallace, this is water.
And so it is with a sick sort of pleasure that I read Professor Paul Campos’s very interesting piece on The New Republic website yesterday. Coupled with Elie’s post on the Biglaw bloodletting, the article tells me what I’ve wanted to know and, in fact, what I’ve been telling my mom for two years now. Namely, that MJ was right. I am not alone.
What is the true state of unemployment for law school graduates? Professor Campos has crunched some numbers….
Now is the season when law school applicants, having received their admission and rejection letters, need to make up their minds about where to attend law school (or if they want to go at all). We’ve received a number of inquiries from anxious 0Ls seeking advice about whether to matriculate at School X or School Y (which we might work into a post at some point, but which we don’t have the time to answer individually, for which we apologize). See also this post (asking whether you’d go to Notre Dame, for $X, or a lower-ranked school, for some number lower than $X).
In these discussions, the question of value looms large. We’ve previously mentioned lists of “best value” law schools in these pages, but some of these lists have methodological problems. And other lists — like the National Law Journal’s recent list of law schools that will get you into Biglaw on the cheap — while helpful, are too narrow in focus for some readers. Maybe you’re not looking for a Biglaw job, but you would like to attend a law school that is worth the price (i.e., a law school that can get you a job that will allow you to service the debt you incur).
Say hello to yet another set of law school rankings: U.S. News & World Report’s list of “10 Law Degrees With Most Financial Value at Graduation,” i.e., law schools whose graduates “have the highest first-year salaries relative to debt load.”
Did your school make the cut? Try to guess at some of the names you’ll see on the list, and then read on to see if you’re right….
If you thought that rankings fatigue would set in at some point, think again. Every new set of law school rankings, no matter how arbitrary or methodologically suspect, generates buzz and massive web traffic. The message that readers are sending to publishers: MOAR LAW SCHOOL RANKINGS.
Publishers are hearing it, loud and clear. U.S. News, the kings of the rankings game, just released a new rank-ordered list: the 10 most popular law schools.
How do they define “most popular law school”? And is your law school or alma mater one of them? Some of the schools on the list might surprise you….
And now things get interesting. As we continue to run through the U.S. News 2012 law school rankings, we get to a crucial set of schools. The schools in this batch are certainly top tier, but they’re not “top 14″; for the most part, though, they charge like top 14 schools (especially the private ones).
So this is the batch of schools where we usually hear questions like: Should I go to this school at full price, or a much lower-ranked school for free? And our answer is usually, “How much lower-ranked are we talking about?”
The bottom line is that when people get into schools like Duke, or Penn, they are going to end up going to that school. But when people get into some of the schools on this list, they do seriously consider other options. Should I retake the LSAT, score better and apply again? How much financial aid am I getting? What’s the job market like in the [secondary market] this school is located in, just in case I get stuck there? Is it worth it to go into this much debt for a degree from that school?
These factors should come into play no matter which law school you get accepted to, but at this point on the U.S. News list, cost factors take on increased importance…
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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.
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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 seven years. You can reach them by email: firstname.lastname@example.org.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!