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What Does the Declining Law School Application Rate Mean for You?

The declining law school application rate did not get any better this year, according to The National Law Journal, which reported that applications are down 37 percent since 2010. The decline between this year and last was eight percent, following double-digit declines in the prior two years. The NLJ quotes University of North Carolina School of Law professor Alfred Brophy as estimating that this year's entering class will be at 38,000, the lowest since 1974. Read More >

Are Boutiques Replacing the Bulge Bracket as Most Prestigious on the Street?

Long before the subprime mortgage-backed securities hit the fan, a handful of relatively small investment banking firms, often referred to as boutiques, regularly competed with the likes of Goldman Sachs and Morgan Stanley for talent. There was Stephen Schwarzman's Blackstone Group, perhaps best known for its private equity offerings, although for decades its advisory unit has been well known for winning big deals and recruiting top-tier talent from top-tier schools. Read More >

The Cold Truth about the Bar Exam

It's the final countdown-the bar exam is one week away. Despite reassurances from your mom that you're "definitely going to pass," the truth is…you might not. And. That's. Okay. Your friends won't judge you, and no one will think less of you. Anyone who has had the unfortunate pleasure to sit for a bar exam knows that the line between passing and failing is as thin as a page in your Barbri review book. The bar exam is hard, people are supposed to fail. Read More >

How to Speed Up Student Loan Repayment in Three Easy Steps

There's no doubt about it-law school grads today are feeling the student loan squeeze. A recent New America study showed that the average law student leaves school with more than $140,000 in loans, the second highest debt burden behind medical degrees.  That's up 63% from just 10 years ago, and translates to a typical monthly payment of $1,611 (at a 10-year term and 6.8% interest rate).  Not an easy load to bear for a decade or sometimes more.  Want to be done with your loans sooner? Read More >

Interview Tips: How Eye Contact Can Get You the Job

If you were interviewing someone who couldn't make eye contact, would you give them the job? Probably not. I got the same answer from a colleague who works in Human Resources, who's had the power to hire (or to say thanks but no thanks) to many hundreds of applicants. Although poor eye contact might just be due to nerves or shyness - and completely understandable in an interview situation-it's something you need to tackle if you think it may be holding you back. Read More >

Silicon Valley vs. Silicon Alley: Where Are Salaries Higher?

The East Coast-West Coast rivalry continues.If you're looking for work in the so-called STEM sector and judge jobs by their salaries, Bloomberg has put together several nice charts that show you where tech compensation has grown fastest since 2008. But if you're not a visual person, here's what you need to know when it comes to cash: Seattle > San Francisco > Washington, D.C. > New York. Read More >

Announcing the Best Law Firms for Diversity

Today, Vault released its Law Firm Diversity Rankings for 2015 with a brand new No. 1 firm for Best Overall Diversity and new firms landing atop each individual diversity category. A firm's commitment to diversity directly impacts employee satisfaction, but also the bottom line. Read More >

Don't Fear the Reaper (i.e. the Bar Exam)

Well, we're here. The bar exam classes have ended, and you now have two weeks to insert the laws of an entire state into your tired, tired brain. Here's a sampling of questions you may be asking yourself: "Where did the summer go?" "Why did I go to law school?" "Why is everything on this page highlighted?!?!" "Am I going to barf on exam day?"     The answers are really quite simple: "You've been inside studying." "You have no one to blame but yourself. Read More >

Newsflash: You Can Still Be Fired for Smoking Legal Weed

A cautionary tale out of Washington for those of you who can't wait to get your hands on some legal marijuana: one of the first people ever to legally buy pot in the Evergreen State has been fired by his employer, after being spotted on the news purchasing his bud. Mike Boyer, a 30-year old security guard and committed pursuer of altered states of mind, made history when he became the first legal buyer of pot in his hometown of Spokane, Wash. Read More >

Vault's Best Summer Associate Programs for 2015

When it comes to finding a career in the legal industry, one of the most important decisions prospective lawyers can make is choosing the right summer associate program. In our annual associate survey, in which nearly 17,000 law firm associates participated, we asked first- through third-year associates who had summered at their current firms to rate the program both in terms of how well it prepared them for full-time practice and how much fun they had. Read More >

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