Monday, November 16, 2015

NY bar resulTTTs

Cornell was so happy with the 2015 results that it reproduced the New York Law Journal's chart, below.

Congratulations to both Crooklyn and Carbozo for falling below your new peer, CUNY. Truly the sound of one hand clapping. May Fordham join you in a few years.

Finally, honorable mention to TTTTouro for plumbing the depths of bar passage rates and continuing to dig.

Friday, November 6, 2015

OcTTTober 2015

Followers of the legal "profession" will be delighted to learn that hiring grew in October, as hundreds of newly-barred Florida Coastal graduates launched their career in sports and entertainment law. The United States's "rule of law" threatened by lawyer underproduction, law schools rushed into the fray and saved the day! Again! Hooray!

I cribbed the first sentence from my October 2011 post when I looked back at prior years. The legal industry has grown about 10K jobs since then; I guarantee real wages have decreased.

Not seasonally adjustedOctober20141,118,800
Seasonally adjustedOctober20141,117,300
Change from Sep-15 to

Tuesday, November 3, 2015

Your JD may pay off after all

We recently received the attached from ADP. Click on the image to read it (requires a PDF viewer). Short story is the Labor Department has proposed increasing the minimum salary level for exempt employees to $50,440 in 2016. Sad to think this will encompass some lawyers. Some; most would likely be fired straight away and blackballed if they claimed OT.

Still no cure for this. Suite dreams.

Saturday, October 31, 2015

Florida Coa$TTTTal comes out swinging

Following the NY Times editorial pillorying his school, the dean issued a retort invoking everything except his dog, Checkers. I'm not linking to it but have included an excerpTTT.

I knew these damn jerks would play the diversity card, keeping the apocryphal "unmet legal need" card up their sleeve for another day. Let me go out on a limb and predict this dean will ultimately testify before Congress with several of his agreeable, highly-motivated charges in tow.

To be honest, I agree with him that for-profit isn't inherently worse than non-profit, seeing how the latter can scam with the best of them.

The Times was right when it said that Florida Coastal is a for-profit law school. But it is wrong when it implies that for-profit is inherently bad. Sometimes it takes a for-profit entity to right a wrong-in this case the lack of diversity in law schools. The student body in not-for-profit law schools is about 29.7% diverse. According to the U.S. Census bureau, the United States is currently about 37.9% diverse. The student body at Florida Coastal is approximately 44.4% diverse.

Monday, October 26, 2015

SepTTTember 2015

Let's get September posted before the October numbers come out. Seriously, I can't motivate myself to spend a couple of minutes copying and pasting off the BLS website any more.

Since I don't post often, dragging my heels allows me to include a timely story. NY Times finally called out the legal academy in The Law School Debt Crisis. About ten years after the pioneering scambloggers noted that law schools hamstrung their graduates with crippling debt and an unusable degree while taking on no risk themselves, the Gray Lady's editorial board joined the party. Nando has a typically trenchant post here.

My overall reaction is meh; this editorial will have the same impact as calls for gun control following a shooting at an elementary school.

First of all, the Times is an elitist rag that has as much concern for law students as Hillary Clinton has for the middle class. Law schools scamming students doesn't bother the editors a whit. Plebeian Southern schools scamming students bothers them greatly. On the other side of the aisle, literally and figuratively, is a Congress that believes in privatizing gains and socializing losses.

Second, they ignore the elephant in the room, the American Bar Association. The loan programs the editors describe are available to all graduate students. While these programs have contributed to tuition far outpacing inflation, graduates of most disciplines will benefit from their degree. Law is unique in being unable to regulate itself, in knowingly accepting unqualified students, its penchant for fraud, and for operating institutions solely for the benefit of faculty, administration, and investors. I used to think turning off the loan spigot was the best way to deal with the legal academy, but it would have to be done without unnecessarily harming other disciplines. Ultimately, the best way to control the ABA is to remove its accreditation authority, but the ABA is another elitist organization that pays lip service to the non-ruling class and the Times has its back.

Finally, one more elephant in the room: the courts. We're at the point where there is no cause of action you could bring against a law school that would survive summary judgment. Law students are ipso facto sophisticated consumers, 140 LSATs and all. Rather than helping matters, the most influential media source in the country has put matriculants on notice, "You gonna get raped." Pretty funny that we've reached the point where nearly the entire country knows that attending a non-elite school is a scam yet there are still enough waterheads trooping off to school to keep the enterprise going. Except maybe at Indiana Tech.

Have a scammy day.

Not seasonally adjustedSeptember20141,111,600
Seasonally adjustedSeptember20141,117,800
Change from Aug-15 to

Friday, September 4, 2015

AugusTTT 2015

Only down about 5000 jobs since August 2014. In response, the legal academy has cranked up its balderdash machinery.

→ Michael Simkovic’s Million Dollar Law Degree Proclamation Gets Flushed
→ When the Dollar Sign Flashes in the Night Sky...

Not seasonally adjustedAugust20141,124,700
Seasonally adjustedAugust20141,122,400
Change from Jul-15 to

Wednesday, September 2, 2015

July 2015

So I'm a month behind. Sue me. To the induhviduals starting law school this fall, the numbers will look the same when you graduate. Trust me: they haven't budged in four years. Have fun chasing the fox.

Not seasonally adjustedJuly20141,129,600
Seasonally adjustedJuly20141,118,700
Change from Jun-15 to