This blog is about living the American Dream at the dawn of the new millennium! I am a nameless, mid-20s, bottom 150 Law School Graduate who finds himself marginally attached and awash in a sea of overeducated but underpaid, indentured peers who feel, and were, duped by the promise of a better life through debt and modern chemistry. Let's get to the point. The Law School Industrial Complex is a scam that has destroyed a generation out of greed. Vendettas were once legal and the pursuit of one was seen not only as moral, but necessary. This newly minted lawyer is going to continue the practice. DON'T GO TO LAW SCHOOL YOU MORONS! Ce qui suit est ce qui reste!

Wednesday, July 6, 2011

The New Normal: I Predict It Will Get Worse Each Year

I always wondered what a tulip farmer in 17th century Holland felt like just before the bubble burst and the flowers were worthless.  



I'm guessing it looked like this if I were going to try to use math and science:



Why the tulip talk?  The NALP just released the latest findings, for some reason I'd think they'd hide this shit, but here's the link.

Guess what? The non-recessionary collapse of the legal job market continues!!!

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I thought the class of 2009 was fucked but look at the poor bastards from 2010:

- Fewer employed graduates obtaining jobs in law firms — 50.9% compared with 55.9% for the Class of 2009

- Relatively fewer jobs in the largest firms and relatively more jobs in firms of 50 or fewer attorneys. Over half of the law firm jobs — 53% — taken by the Class of 2010 were in firms of 50 or fewer attorneys, compared with 46% for the class of 2009. 

- The percentage of employed graduates taking jobs in private practice decreased by about 5 percentage points for both men and women, and stood at 55.4% and 51.9%, respectively. 

- Over one-quarter of jobs — nearly 27% — were reported as temporary.

- Jobs in academic settings are at an all time high, up by more than 500 jobs since 2008, and accounting for 3.7% of jobs taken.

- The number of jobs in public interest organizations, a category which includes legal services and public defenders, has similarly increased -- accounting for 6.7% of the jobs taken by the Class of 2010. Much of this increase reflects the fact that these two sectors account for the bulk of law school efforts to provide employment opportunities — often part-time and short-term — for their graduates. Such opportunities accounted for an estimated 2.7% of all jobs for the class of 2010.

- Of employed graduates from the Class of 2010, 22.7% were seeking a different job, about the same as for the Class of 1994 (when NALP first started collecting this information), which was a class that also faced a challenging market. 

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James Leipold actually summed it up rather well:

"We have been watching this market deteriorate for several years now," Leipold offered when asked about the significance of some of these changes, "but even I was surprised to see that the percentage of graduates employed in a full-time job requiring bar passage had dropped to 64%. In this market far more graduates are stringing together several part-time or temporary jobs to approximate a full-time equivalency for themselves. Leaving clerkships aside, one in five jobs obtained were temporary. That represents a dramatic change in the entry-level market."

But then he takes a hard right into blanket assholeville assumptionville towards the end:

"I think it is also significant that while more graduates are establishing themselves as solo practitioners right out of law school, they seem to be satisfied in that career choice — at least fewer of the solo practitioners are reporting that they are seeking an alternative job nine months after graduation. It may be that going forward, entrepreneurial skills assume much more importance for law school graduates as solo practice becomes the norm for a larger percentage of law school graduates," Leipold concluded."

Hey assclown, if you're basing the assumption that solo practitioners are satisfied in their suicidal career choice as lawyers SOLELY on this fact you're an idiot.  They could be reporting the lack of searching for a number of different reasons BESIDES AND MUCH MORE LIKELY THAN they are "satisfied" with their current legal job.  

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How about they "gave up" for one?  Bartender by night, solo lawyer by day if they find a slip and fall.  Maybe they aren't looking for a different "legal" job because they think or know there's nothing to be found.  

I have friends who are solo's and by no means sugar coat it or had it be their first/primary choice coming right out of school.  "Entry-level" is kind of really fucking important in everything I've seen.  Hey nurse, I know you haven't taken "entry-level" biology or anything but how about you try to transplant this heart for me.

The one benefit for solo's that, at least, they keep what they kill rather than being in a small firm and doing all the work for a pittance. They also don't have to suck dick and kiss ass to the elderly just to keep their position receiving the table scraps of scraps.  Hell maybe they're good at it!  If they are, it's for all the factors that have nothing to do with law school and everything to do with who they are and what they are capable of in the real world (just look at Jose Baez for christ's sake, I'll bet a thousand UVA law grads would take it from the knife dildo in Seven for that kind of win and spotlight).  Point is,  law school is just making it worse not better.  Can't wait to see the "recovery" in 2012!!!

Till Next Time!!!! *See below
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Monday, July 4, 2011

Happy Fourth of July: Fuck the Working Class Edition




HAPPY FOURTH OF JULY!!! WHO LOVES THE COUNTRY FORMERLY KNOWN AS AMERICA?!?!


Maybe I'm slipping into an old bullshit Marxist narrative but it's really hard to see this kind of shit as anything other than unpublicized class warfare. I say this after reading the following report from the Center for Labor Market Studies:

The “Jobless and Wageless” Recovery from the Great Recession of 2007-2009: The Magnitude and Sources of Economic Growth Through 2011 I and Their Impacts on Workers, Profits, and Stock Values

Here's the full report link


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Oh look, it's Emory's own Professor Stadler! Happy 4th Prof!!!

Here's the gist of it as reported elsewhere

Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. The extraordinarily high share of national income (88%) received by corporate profits was by far the highest in the past five recoveries from national recessions.

As the commie propaganda mill national newspaper New York Times points out:

The current economic recovery in the United States has been unusually skewed in favor of corporate profits and against increased wages for workers...The study said that of the previous recoveries since the 1970s, the recovery following the 2000-1 recession was next worst in terms of the share of increased income going to wages and salaries. The study found that 15 percent of income growth went to aggregate wages and salaries in the six quarters after the recovery began following that recession, while 53 percent went to corporate profits. The growth in national income can also go to net interest, rental income or proprietors’ income.

So in summation:



Till Next Time!!! Have Some Hot Dogs & Beer and Vote Against Your Own Interests for Empty Rhetoric!!!