Kids these days. In spite of near-constant coverage of student loan debt and a struggling legal job market, aspiring lawyers choosing where to attend law school continue to prioritize school rankings over factors such as affordability and job placement statistics, according to a study from Kaplan Test Prep. In a follow-up study, however, recent law school graduates advised prospective students to reconsider their priorities. Read on for the results of both studies.
Law firm managing partners continue to lose confidence in the economy, according to a new study from Citi Private Bank, which asked partners at 79 law firms to predict whether economic conditions would be better or worse in the second quarter of the year, compared with the first quarter. Although most respondents felt the same—and a significant number said they felt “somewhat better”—overall confidence in the economy fell by 19 points from last quarter.
Wells Fargo has some good news and some bad news for Biglaw. The good news: Law firm revenue increased during the first six months of 2012. The bad news: Costs rose even faster during the same period. The largest firms fared slightly better, which the study attributes to their ability to control expenses. Still, Wells Fargo warns, the second half of the year is shaping up to be even slower than the first half.
Following the Equal Employment Opportunity Commission’s (EEOC) April announcement that employment discrimination against transgender individuals will now be considered a form of sex discrimination, companies have more incentive than ever to ensure that such employees receive equal treatment. According to a new study from the Human Rights Campaign, companies have made particular progress in the health care arena, offering equal coverage for transgender employees.