It’s about that time of year again. No, I’m not talking about when ESPN tells you what Ray Lewis and his teammates ate for breakfast along with every other remotely interesting detail of the other Super Bowl players’ lives. Instead, I’m talking about the time that law schools start to really get anal retentive about getting their graduate employment forms back.
I bet some of you readers have already received a couple of emails from your alma mater, each increasingly desperate and frantic as the head of career services threatens to pull his hair out unless you respond. This may seem like a good or even noble task for the school to perform, but let’s take a closer look at what’s really going on….
* “Why drag us into it?” Constitutional or not, it seems that not even the D.C. Circuit wants to deal with the political hot mess that’s been caused by President Barack Obama’s recess appointments. [National Law Journal]
* There’s something (allegedly) rotten in the state of Texas: Bickel & Brewer was booted from a multi-million dollar lawsuit due to accusations that the firm paid top dollar for insider information. [Dallas Morning News (sub. req.)]
* There are many more women in the legal profession these days than there were 40 years ago, but — surprise, surprise, here’s a shocker — they’re still getting paid less than their male counterparts. [WSJ Law Blog (sub. req.)]
* And here’s today’s opportunity to beat the horse that just won’t die. This law professor says he pities those who buy into the media’s law school scam narrative, while in reality, most would pity the many unemployed graduates of his law school. [Huffington Post]
* Here’s a protip for the February bar: don’t fake a disability to get extra time. Even if you end up passing, the bar examiners will find out and pretty much ruin your life. Just ask this UC Hastings Law grad. [Am Law Daily]
* “Also, you probably shouldn’t bring pot with you to the federal courthouse (or any other federal property).” Umm, come on, were the Washington police officers who created this marijuana guidebook high? [CNN]
Back in April, we brought you a story about a family who had written to Dear Abby, an advice columnist, about their child’s law school loan debt. Apparently the mere thought of assisting their darling daughter with the repayment of her $100,000+ debt load was just too much to bear. The daughter had already ruined her own life, so why should they ruin theirs too? And yet, tens of thousands of students are still willing to look this student loan debt problem in the face and laugh.
Yes, in a time where the Executive Director of the National Association for Law Placement is forced to write entire columns about the fact that there is no conceivable way he could describe the current entry-level job market as “good,” others are still considering applying to law school.
For example, today we found out that the matriarch of another family sought wisdom from an advice columnist as to whether her husband should go to law school. How did she respond? Let’s just say Dear Prudence is a little more in tune with the realities of today’s legal job market than Dear Abby will ever be….
Notwithstanding predictions of impending economic gloom or apocalyptic Mayan prophecies, 2012 brings some sort-of good news for incoming first-year associates: our survey findings show start dates have returned to pre-Recession timelines. We’re apparently (knock wood) past the days of first-years twisting in the wind with deferrals and rescinded offers. On the other hand, a majority of our survey respondents report that the size of the incoming first-year class has contracted significantly, with only 36% of you telling us that class sizes have returned to pre-Recession levels. For the full results of our survey, read on.
Today we have news about the marriage of a lawyerly power couple, or at least news about the charred, tattered remnants of what the marriage once was. This extraordinarily dysfunctional ex-couple got chastised by a judge for nuking not only their sacred union but most of their considerable wealth in the process.
We know all’s fair in love and war. I guess that includes seppuku, but I’m not sure it’s really the most effective strategy…
Today, the ATL Career Center launches its latest feature: a Pre-Law section, featuring ratings, inside info, and expert advice on law schools, LSAT prep, and the application process. Check it out here.
While law school applications continue to decline and legal jobs are scarce, the business of discouraging people from going to law school is positively booming. There is a mountain of data which would seemingly dissuade anyone from taking on massive debt only to then leap into the clogged toilet of this job market. (And yet, see this compelling analysis that now is actually a great time to apply to law school, especially for lower scoring applicants.)
But what about future law students — are the 0Ls getting these gloomy memos? And how is it shaping their choices?
Recently, in collaboration with our friends at Blueprint Test Prep, we conducted a survey of BluePrint’s summer students studying for the October 2012 LSAT. We had nearly 600 respondents. Our goal was to get a snapshot of these 0Ls’ perception of the legal landscape, including the realities of financing a law school education and the current state of the legal job market.
After the jump, see some of what we could glean from the 0L mind, including a striking disconnect between the “job market” and a “career path”….
* These are some sad times in Texas, y’all. It really hasn’t been a very good week for the Lone Star state in the courts. First their redistricting plan got thrown out, and now their voter ID law has been struck down. [CNN]
* Jeh Johnson of the Defense Department may take legal action against the former Navy SEAL who wrote a book about the Osama bin Laden raid, calling it a “material breach” of duty. Must be good; go buy it! [CBS News]
* Bros will be bros: disbarment has been recommended for an attorney who failed to disclose to clients that he had been suspended for banging an underage chick who worked at his office. [National Law Journal]
* Here are 15 Northeast law schools ranked by employment rate. After getting excited that mine was on the list — albeit dead last — I realized I’m seriously a low expectation havin’ motherf**ker. [Boston Business Journal]
* George W. Huguely V, the UVA lacrosse player who beat his girlfriend to death, was sentenced to 23 years in prison. Distasteful joke alert: for his sake, we hope the prison uniforms have poppable collars. [Bloomberg]
* A Maryland lawyer with autism and Sensory Processing Disorder has created a way for people to stop getting up in your personal space while riding public transportation. Say hello to the Sensory Shield! [Huffington Post]
* “He’s stupid. I wouldn’t even count him as a Republican.” Many Republican women at the RNC wish that the men like Rep. Todd Akin would just shut up about abortion, rape, and contraception. [Reuters]
* Everything’s bigger in Texas, including the discrimination against minorities. A panel of judges on a D.C. federal court shot down the state’s redistricting plans for lack of compliance with the VRA. [Washington Post]
* A disgruntled Stanford Law graduate’s defamation and retaliation suit against the school was dismissed. Sorry, but it’s highly doubtful that a law professor blacklisted you from getting a job. [National Law Journal]
* “[T]here’s a surplus of attorneys and not enough jobs for it.” Lincoln Memorial’s president admits amid accreditation issues that perhaps it wasn’t the best time to open Duncan Law. [Knoxville News Sentinel]
* “I don’t know if this was worth it, but I did have a good time in Cancun.” Skipping deliberations to go on vacation is a great way to earn yourself a trip to jail, but this girl got lucky. [Proof & Hearsay / Journal Sentinel]
* Continental faces a lawsuit after baggage handlers allegedly removed a sex toy from a passenger’s luggage and taped it outside the bag for the world to see. At least it wasn’t the TSA. [Courthouse News Service]
Today we have a more subtle question: should a rising 2L take a year off? He doesn’t have a job or any prospects or anything, but the kid wants to know if hitting the “pause” button on his legal career will do him any good.
Let’s break this down. And don’t forget to take our poll and add your own advice, in the comments….
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: