Word: laws
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Volunteering at church. Working part-time at a bookstore. Selling real estate. All are worthwhile pursuits, but not exactly what Peter Marshall thought he'd be doing after he graduated from Vanderbilt Law School this spring. Particularly since he received a coveted offer last September to join a white-shoe Chicago firm, Kirkland & Ellis...
...country has dried up, many large and mid-sized firms have turned to a surprising cost-cutting strategy: paying incoming first-year associates - whose starting annual salaries at Manhattan firms is $160,000 - not to show up. So far this year, Marshall and hundreds of other third-year law students at prestigious schools have seen their job start dates pushed back anywhere from just a few months to a full year, leaving those affected scrambling to find other options to fill the time off. "To get my stipend from Kirkland, I can't take on any other paid legal work...
...first blush, receiving a generous stipend - sometimes as much as $75,000 - to do whatever your heart desires might not sound so bad. But for young lawyers facing upwards of $200,000 in law school debt, the outlook is less rosy. For starters, there's the very real possibility that that the deferred job may never materialize - nearly 5,000 veteran attorneys have been laid-off since last September, according to industry website Lawshucks.com. "I'd love to take the money and go backpack around Thailand," says David Kirchblum, who graduates from Boston College's law school next week...
...when Chet Culver, a Democrat, seeks a second term. One of his likely Republican challengers, who opposes gay marriage, has vowed to make it a key issue. Culver, who has said he believes marriage should be between a man and woman, has reacted in muted fashion to the new law, saying the court's decision must be respected and that he is reluctant to support a constitutional amendment...
...brief ceremony was conducted by Judge Robert Hanson, whose 2007 ruling that the state's same-sex marriage ban treated gay and lesbian couples unequally under the law, landed the case in front of the Iowa Supreme Court. (Hanson's decision was in response to a lawsuit by six gay and lesbian couples denied marriages.) The teenagers each carried a calla lily. The couple shed a few tears and shared a laugh when the judge asked if they wanted to be referred to as "spouses" or "partners." (They went with "spouses.") An impromptu celebratory lunch followed at a brew...