After nine months of intense studying as a 1L, I thought I’d be finished worrying about final exams for a while. But boy was I wrong. As it turns out, the JD-MBAs at Northwestern take classes over the summer, both at the law school and business school. Most of the group takes classes full-time, so they are able to spread the workload throughout the summer. And a smaller portion of the group, including me, work and take classes, so spend more time studying and catching up at the end. But no matter which route you choose, in mid August, all JD-MBAs have a pretty tough schedule. Even though we all saw it coming a few months ago, most of us never understood how tough it would actually be until now, where we not only have to get ready to start classes at Kellogg, move, and go through recruiting, but we also have to take final exams for our summer classes.
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As incoming 1Ls, most students didn’t know much about the world of law firms. They didn’t know which type of law they were interested in, weren’t sure which firms they’d ultimately like to work at, and couldn’t tell you what specific geography they’d end up targeting. Law schools know that, so during 1L year they do a good job at bringing firms to campus, sending out mass emails about career options, providing students with networking events, and giving us lots of resources to learn things on our own. Well, after doing that for the past few months as 1Ls, the students here are finally putting that work into action. And just last week, interviews finally began, marking the beginning of OCI at Northwestern Law.
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Despite many of the public interest goals applicants write about in personal statements, most students at top law schools usually end up spending a few years at a big law firm. One reason is because law firm salaries are high and help students to pay down their loans. Another reason is that students gain a measurable skill set that employers value, both in the legal and business worlds. So for months, students read cases, outline, take exams, and aim for the best grades possible before eventually going through the recruiting process and interviewing at law firms all around the country. Well, that time has finally come for Northwestern’s class of 2012. And next week officially marks the beginning of law school OCI.
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Have you ever waited for a special moment just to find it wasn’t everything you thought it would be? Like finally graduating from college after four years but then realizing that you had one more course before you actually got your diploma. Or running a marathon and when after running for hours you were excited to finally turn the last corner, but when you looked up you realized that you had another couple of miles to go. Well something similar happens with law students, not only at Northwestern but at every school. And after experiencing the euphoria of graduation, walking down the isle, and getting their law school diplomas, the students still have to take the Bar Exam at the end of July.
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The business and legal industries are radically changing. Today it’s impossible to escape complex legal issues as a CEO in business. Similarly, if you’re a leading corporate lawyer, you consistently run into firm and client business issues, especially in today’s environment. How can an employee who’s been in the industry for years keep up? And even if they can, would they be better off being trained in both business and law? While some students know early that they want both degrees, others decide to make a career change later in their careers. And then there’s a third group that comes to the conclusion during their first year of law school.
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I overheard a guy talking at a networking event earlier this week. Turned out he was a law student working in Chicago this summer and had just finished his first year at another law school. Like so many others, he was afraid he might graduate without a job and was looking for a few tips on how to navigate the process. He mentioned that he attended a top tier program outside of Chicago, spent a few years before that as a paralegal at a white shoe firm, and attained a median GPA at his school. But he still feared his prospects coming out.
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We’ve all asked ourselves the question, “Does [paycheck] size matter” when we think about how much to consider salary, or even the number of people, when choosing our future employers. In most cases, the question probably seems like a no-brainer. More is better. After all, the bigger our paycheck, the better standard of living we have. And for those of us who are more philanthropic, the more we can give back to our communities. This idea is reinforced consistently at business and law schools, where today classrooms are infected with people that consistently choose higher paying jobs over lower paying ones and where campuses are plagued by well-paying employers who lure students away from public interest jobs and from firms who can’t compete.
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Business students in all the top MBA programs experience what’s called the herd mentality during recruiting season. And although many fantasize about risking it all to become the next great entrepreneur, in the end most still head to corporate America for a safer job and a guaranteed pay check. But every now and then there are exceptions. Mavericks that lead with energy and idealism. Leaders optimistic that with passion and hard work, they can build their own empires. And I have the great pleasure of knowing one of them. And just this past Friday, I spent the evening at Chicago’s Museum of Contemporary of Art (MCA) with leading entrepreneur Alyssa Rapp at an event put on by her internet start-up company Bottlenotes.
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Do you remember your first day on the new job? I bet you probably went in not knowing anyone but hoping to impress everyone. And it’s also likely you also felt like you were running around frantically trying to fill out paperwork or scrambling around on your way to meetings and training sessions, hoping you wouldn’t be late. We’ve definitely all been there before. But consider doing that now, in what’s considered one of the worst economies ever. Where the stakes are higher and the odds of getting an offer are statistically much lower? Sounds nerve wrecking right? I thought it did too. But fortunately I realized that most of that stuff does not apply here at Vedder Price, a mid-sized and full service law firm here in Chicago.
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When you hear the words “law school” or “1L” certain images probably spring into your mind: intense final exams, reading cases on global legal issues, heated competition, and probably a lot of stress. Well, generally speaking, I won’t argue with those assumptions. 1L has long been considered the toughest academic experience you face in any grad school. But after about nine months of going to class, reading cases, and taking exams, my first year of law school is finally over. And I starting doing some reflecting on how things have changed, as of this morning. The morning after my last final exam.
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