Unemployment

This past Friday, we broke the news of the troubled Dewey & LeBoeuf law firm issuing WARN Act notice to its employees. This federal law generally requires an employer “to provide notice 60 days in advance of covered plant closings and covered mass layoffs.”

That was Friday, May 4. Earlier this week, Dewey informed many support staff members that their last day of work would be this Friday, May 11. It then informed many associates that their last day of work will be this coming Tuesday, May 15. Both staffers and associates will be paid through the 15th and will have health insurance through May 31st.

My math skills have atrophied from disuse, but I am still capable of counting to 60. And it seems to me that Dewey did not provide its employees with 60 days notice of its mass layoffs.

So, Dewey have any WARN Act liability?

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* Dear Mr. President: are you in favor of civil rights for gay people or not? Let me put it another way: do you think that you should be allowed to marry the fence that has been banging you for the last four years? [Huffington Post]

* Here are the 15 law schools whose underemployment numbers are higher than their employment numbers. No lie, I was able to name eight of the 15 off the top of my head. [Tax Prof Blog]

* Would you wear a hijab while defending the accused 9/11 terrorists? What am I talking about, unemployed lawyers running around out here would wear a clown suit and mount a goat if they thought it would help them get a client. [Simple Justice]

* Senate Republicans blocked a bill to freeze student loan interest rates. Obviously, students in debt aren’t rich enough to merit help from Senate Republicans. [New York Times]

* Résumés: they’re not just for facts anymore. [DealBook / New York Times]

* What do you do if your neighbors smoke pot and your wife is trying to get pregnant? Well, marijuana makes sperm just as lazy as everything else, but if you are honestly living in a building where you get a “contact high” in the hallway, you should move out and let some awesome people move in. [New York Daily News]

Last week, we asked readers to submit possible captions for this photo:

On Monday, you voted on the finalists, and now it’s time to announce the winner of our caption contest….

double red triangle arrows Continue reading “Caption Contest Winner: California Dreamin’”

Here’s an unsurprising newsflash: young people have student loan debt, old people have student loan debt, and they have no idea what to do about it. With student loan debt having surpassed the one-trillion-dollar mark, we’ve officially reached a point where the media is calling this the crisis du jour.

We’ve discussed the dangers of incurring student loan debt time and time again throughout these pages, but it seems that people still don’t get it. They’d like some more — hmm, how shall we put this? — “sage” advice. They’d prefer to publish their woes for all to see on “the most popular and widely syndicated column in the world.”

They’ve chosen to go to Dear Abby for the answers….

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Last week, we asked readers to submit possible captions for this photo:

Let’s have a look at what our readers came up with, and then vote on the finalists….

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Yesterday, we brought you some pretty gruesome news about the state of the legal hiring market: there isn’t one (which comes as no surprise to graduating 3Ls and the class of 2011). In fact, according to one former law school student who was profiled by Business Insider, almost everyone he knows from law school is unemployed. Another recent law school grad is on food stamps.

Lawyers can deal with unemployment and food stamps, but are any of them homeless?

Here’s the photo for our latest caption contest….

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Welcome back to our series of open threads on the latest batch of U.S. News law school rankings. Last time, readers weighed in on the law schools that traditionally made up what used to be the alphabetically listed third tier. Last year, however, the law schools that once constituted the “third tier” received the gift that keeps on giving: numerical rankings.

Today, we’ll be talking about the law schools that used to comprise the fourth tier, but now have a new name. These days, this segment of the U.S. News list is referred to as the “second tier,” and although they are all ranked, those rankings are not published (presumably because no one wants to brag about going to the worst law school in the nation).

Let’s use this post to discuss these schools, collectively or individually, and to compare and contrast….

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Almost everyone I know from law school is unemployed or seeking alternative employment.

Richard Komaiko, a former student at Chicago-Kent College of Law, lamenting the plight of young lawyers in a story profiling “10 Faces Behind the Incredible Law School Underemployment Crisis.”

Georgetown University Law Center (known for its great gym).

I feel very fortunate to have had an idea of what I wanted to do from such a young age, and even more fortunate that it involved graduate school. What can you do with a bachelor’s degree anymore? I’m hoping that the job market will pick up in the three years I spend at law school, because a lot of lawyers are getting laid off. The American Bar Association is even encouraging college students not to apply to law school, citing the bleak job market.

– Noah Rich, a Georgetown 1L who was interviewed by the New York Times as part of the newspaper’s survey of the class of 2011 at Drew University in Madison, New Jersey.

(It’s hard out there for a class of 2011 college graduate. More findings, and additional law-related tidbits, after the jump.)

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First it showed up in the New York Times. Then it appeared on the Today Show. Now the story of law schools allegedly misrepresenting their graduates’ employment outcomes is in every New Yorker’s favorite commuter rag newspaper, Metro New York:

What news development on the law school lawsuit front brought this story to the front page of Metro?

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