Law Schools

An Apprenticeship to Practice–That Works

I recently wrote about the depressing prospects for graduates of all but the top ten or twenty law schools (Two Law Grad Markets). And yes, these were statistical generalizations, and the experience of specific individuals with particular skills and backgrounds will always be different, pro and con. But as an industry, if you care about
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Articles, Business Models, Law Schools, Leadership, Recruiting, Strategy

Two Law Grad Markets

The first thing you learn in your antitrust law course is to ask, “What’s the market?” In other words, define the market you’re talking about, because the definition you select, I promise you, will make all the difference. Antitrust analysis aside, choosing the span of the market on which you plan to compete is such
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Articles, Law Schools, Recruiting

Law Schools on Fire

Yesterday morning I got back to New York on the redeye from Seattle where I’d been at the annual NALP conference, attended by well over 1,000 people involved in career services from law firms and law schools. (I was there figuratively wearing my JD Match hat, not my Adam Smith, Esq. hat.) For those of
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Articles, Law Schools, Leadership, Strategy

Students Outsmart Professors?

Linear extrapolations are widely suspected of being unreliable, but maybe not widely enough. Stated differently, it’s a category error to engage in static, not dynamic, analysis. Stated yet differently, the interesting challenge is almost never to ask, “What can we do to solve this problem?” but instead, “What happens after we take this approach to
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Articles, Law Schools, Recruiting, Strategy

How do we know what we know?

What follows will be a bit out of the ordinary—OK, a lot out of the ordinary—for regular readers of Adam Smith, Esq., but there’s a cold, hard, important, gem of truth in it for lawyers, our firms, and our bedrock assumptions about the way things ought to work (which is precisely the same way they’ve
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Articles, Law Schools, Recruiting, Strategy

USNWR, RIP

Most people attend law school to obtain jobs as lawyers (Not butchers or bakers, or candlestick makers.) If law school was just a cool place to chill out for a few years without building specific job skills, they’d call it “college.” Jobs are important, and we think that law schools should be competing to place
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Articles, Law Schools, Recruiting

But I Have All This Debt

I’ve been developing a theory for awhile about what the structure and composition of lawyers at a typical BigLaw firm may look like in future, and how it’s evolved already, and now that The New York Times has made it official that law school applications are plummeting, it’s timely to bring the two together and
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Articles, Law Schools, Recruiting

2012 Economics Nobel

On Monday the 2012 Nobel Memorial Prize in Economic Science was awarded to Lloyd Shapley and Al Roth, for their work on market design and matching theory, which relate to how individuals and firms find and select one another in areas from school choice to jobs to organ donations to marriage itself. Dr. Shapley, 89,
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Articles, Just Plain Interesting, Law Schools, Recruiting, Technology strategy

Entry-Level Recruiting Conference

We’re pleased to be sponsoring a conference on entry-level recruiting: San Francisco Tuesday 13 November 2012 9:00 am – 4:15 pm AMA Executive Conference Center (Union Square) This is actually an updated version of a conference we did in New York this past January – back by popular demand, as they say. I’ll be moderating the
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Articles, Law Schools, Recruiting

Something Completely Different

Through a route too circuitous to rehearse,  the Girls’ Guide to Law School asked for an interview.  Here are their questions, and our responses:   1. I’m an undergrad who’s trying to decide whether to go to law school. I hear a lot about how the profesion is in trouble (including from articles like this one). What
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Articles, Law Schools, Recruiting