The Red Velvet Lawyer

Michael Simkovic, one of the authors of the new report -- The Economic Value of a Law Degree , is debating the author, Brian Tamanaha, of the 2012 book --  Failing Law Schools .  The debate began earlier this week and appears at Brian Leiter's Law School Reports .  It should be an interesting exchange that will go on for a while. Both authors are law school academics. Simkovic serves as an Associate Professor of Law at Seton Hall University School of Law.  Brian Tamanaha, serves as the Dean of Washington University School of Law (my alma mater ). I summarized Simikovic's paper  here .  Tamanaha's book is available  here  (yes, I am encouraging you to use Barnes & Noble, and not Amazon). One of the factors affecting both authors' projections is the cost of law school tuition. Given the drop off in applicants to law school -- from about 100,000 in 2004 to about 50,000 this past recruiting season -- lower-tiered law schools have substantially reduced the stick

I graduated from law school in 1982.  At that time, 7.6 percent of new law graduates became solo practitioners;  40.3 percent entered small law practices (2-10 lawyers);  about 11 percent entered firms 51 to 100 lawyers in size;   only 15. 6 percent of new law grads entered large firms of 101 plus lawyers, and more women did that than men; and  NALP, the Association of Legal Career Professionals, did not keep a separate category for firms with more than 500 lawyers. See trend report here .  According to an earlier trend report , in 1982, about 10 percent of new law grads entered business and industry. About 23,000 students graduated from law school in 1982. Fast forward to 2007, the year of record employment among lawyers, NALP reports that: 3 percent of new law grads became solo practitioners (a 4 percent drop); about 33 percent entered small law practices (2-10 lawyers) (a 13 percent drop);  about 6 percent entered firms 51 to 100 lawyers in size (a 5 per

My mom and I both celebrated summer birthdays.   We both came from a long line of farmers and gardeners.  We both loved those long, lazy sultry days of summer pulling weeds in the garden, dead-heading roses, drinking iced tea, spitting watermelon seeds out over the lawn, and sitting on the screened porch under the ceiling fan reading a magazine.  The heat did not bother us much.  We loved the sound of buzzing bees, the flash of lightning bugs, the smell of grilled meat, and the feel of the cool water in a swimming pool.  We both loved the taste of delicious fresh peaches.   In celebration of her birthday, I have assembled and sorted peach recipes recommend by Southern Living and The New York Times.  Enjoy them with your mom and your other loved ones! Beverages and Cocktails Governor’s Mansion Summer Peach Tea Punch:  http://www.myrecipes.com/recipe/governors-mansion-peach-punch-50400000112157/ Carolina Peach Sangria: http://www.myrecipes.com/recipe/carolina-peach

That’s right. A very large number of law graduates choose not to practice law.  Instead, they pursue careers in banking, other financial institutions, insurance, technology and e-commerce, management consulting,  corporate contracts administration, alternative dispute resolution, government regulation or compliance work, law enforcement, human resources, accounting, the military, government executive positions, legislative positions, administrative agencies, teaching, journalism, risk management, judicial clerkships, law school administration, law firm professional development or CLE training,  or other professions.  In the report I summarized in yesterday's blog , authors Simikovic and McIntyre analyzed data for 2009 from the U.S. Census Bureau and  the Survey of Income and Program Participation (SIPP) to conclude that about three out of five law graduates work as lawyers.  Fifty-eight percent of all law degree holders report “lawyer” as their occupation.  If you count only

This past week, a number of news outlets and bloggers reported on a new economic analysis of the value of a law degree.  The authors make a persuasive, well-researched argument that a law degree confers measurable life-time advantages on law graduates compared to persons who get only a bachelor’s degree. The report:  Micahel Simkovic and Frank McIntyre, The Economic Value of a Law Degree (unpublished manuscript 2013) is found here .     Simkovic, an Associate Professor of Law at Seton Hall University School of Law, and McIntyre, an Associate Professor of Finance and Economic at Rutgers Business School answered the following questions:  Does a law degree typically increase the earnings of law graduates compared to what such individuals would likely have earned with only a bachelor’s degree? How does the law school earnings premium vary by gender and at different points in the distribution of outcomes? How much of the increase in earnings is higher hourly wages, and how

An ASL grad posted this Facebook comment in response to my blog posting yesterday about claiming your right to success, abundance, love, and creative energy found here . "Prof. Young, last year you recommended bar takers to do affirmations to boost our confidence and success rates. It felt hokey and certainly could never take the place of diligent studying[.] [B]ut, it definitely helped me relax before the exam and helped reduce my stress during it. A very belated thank you and a recommendation to bar takers that you give wonderful advice!" To make it easier for you to find some affirmations that may work for you, I am providing them below. Find the affirmation that deals with a specific challenge you face right now in connection with the bar exam.  Also, find an affirmation you plan to use shortly before the exam date and as you sit to take the exam.  Write the affirmation ten times in your journal every day.  Say it just as often.  When you say the affi

Only two weeks to the July bar exam.   Will our 2013 graduates take the big leap?   My business coach recommended that I read, The Big Leap by Gay Hendricks, which suggests ways to conquer your hidden fear that prevents you from keeping and enjoying greater love, financial abundance, increasing success, and more creative energy.  You can find more information at http://www.thebigleap.net/ Hendricks is a psychologist, writer, and practitioner in the field of personal growth, relationships, and the mind-body connection.  He has written 25 books, taught at University of Colorado, has a consulting business, and graduated from Stanford University. The Upper Limit Problem He uses the term “Upper Limit Problem” to identify our tendency to follow great leaps forward on all these dimensions with big mess-ups.  We subconsciously use the mess-ups to keep us in our comfort zone when increasing success is taking us to new areas of personal growth and happiness.   “The Upper Limi