1.If you wanna have a shot at making big bucks, go to these schools. I'm getting awfully tired of all these law school lists, but lists are what people want! So here's the latest scoop on the top 15 feeder schools for big firms (along with the percentage of grads who got big-firm jobs), according to the Wall Street Journal law blog:
Columbia - 59%
Penn - 53%
Northwestern - 48%
Harvard - 46%
Chicago - 44%
Stanford - 43%
NYU - 42%
Duke - 38%
UC, Berkeley - 38%
Cornell - 35%
U Va - 33%
USC - 31%
Georgetown - 30%
Yale - 29%
U Michigan - 29%
This WSJ list, which is based on newly released figures from the ABA, largely tracks the one compiled by The National Law Journal that I wrote about like two days ago. (Okay, it was actually in February.)
These lists cannot be encouraging to anyone whose goal is to land a high-paying legal job out of the gate. When only two of the top schools are sending barely more than half of their class to big firms, this is not a sign of market health. Let's make this point explicit: For the class of 2011, "only 8 percent landed jobs at firms with more than 250 attorneys," says the WSJ law blog.
The TaxProf Blog, which also looks at this data, notes that "15 law schools did not report a single 2011 grad with a Big Law job: Appalachian, Charlotte, CUNY, John Marshall-Atlanta, Liberty, North Carolina Central, Phoenix, Regent, Arkansas-Little Rock, Hawaii, New Mexico, South Dakota, District of Columbia, Wyoming, and Western New England."
Somehow, I doubt this list is definitive.
Even HR doesn't like them! I've never made a secret about how I feel about performance reviews. I once compared employees awaiting reviews to the poor bunnies awaiting slaughter at the Guangzhou market. Reviews are dreaded and rarely beneficial to anyone, except the employer that's trying to create a pretext to fire an employee.
Now it turns out even human resources people don't think much of the review process. According to the Harvard Business Review blog, a recent survey by Globoforce and the Society for Human Resource Management finds that "45 percent of human resources leaders don't think annual performance reviews are an accurate appraisal for employees' work. And 42 percent don't think employees are rewarded fairly for their job performance."
3. Question of the week: How much are those former Dewey partners getting at their new firms? One major lesson from Dewey's demise is that law firms shouldn't overpay for star lawyers, right? So are those Dewey partners who have landed elsewhere now selling at a fraction of their Dewey price? Or are their new firms shelling out comparable big bucks for those same big boys (yes, they are virtually all boys)?