I'd be interested in hearing the 2L's comments on the job issue, given current "conditions."
Oh ok... well, since you pulled my leg, I'll take yet another break from studying...
Most of the people that I know who are in the top 1/3 or so have a job lined up for the summer. Not all of those count as "BIGLAW," though, but I'd venture to guess that if you are in the top 1/3 and make a journal, you're in good shape, so long as you attack the bigger markets. I know of two people who are on a journal and don't have jobs. I think it had a lot to do with them skipping big markets and applying to niche markets that either cut back on hiring or that they didn't have a connection to, but honestly I am just guessing.
The ATL jobs were seemingly unavailable if you had a strong connection to a geographic area outside of the southeast, however. I don't think many interviews were granted to people who had "New York, NY" listed anywhere on their resume, for example, regardless of rank. At least on the east coast, NY is the only market that doesn't seem to care about local connections at all. Even if you do have a connection to a market, it may not be strong enough (for example, I have a connection to Philadelphia through my undergrad, but apparently that wasn't convincing enough for Philly firms).
RPP can probably do a better job of commenting on this, but I think the job market for Patent/IP lawyers is still pretty good. I don't think I know of any Enginerds who are unemployed at the moment. I don't, however, know every future patent lawyer at Emory.
I've mentally excluded people from this analysis who want to work for the government, or small firms, or anything outside of BIG/MID-LAW. Those jobs might not be filled until next semester.
And keep in mind, if you start school in Fall of 2010, then you want the economy to be good in the Fall of 2011, because that's when you interview for your 2L job (..and the firms apparently register in February 2011), which is what matters.
True, but if the economy heats up after firms do their hiring for Summer 2012, they will likely have slots open for 3Ls in Fall 2012 OCI. So, at most he'd miss out on a really nice paycheck during 2L summer.
And I'm not sure what the deal is going to be with the money this year. We got a letter from the President of the entire university basically saying their investments (endowment) were looking rough, and so they're not going to be dishing out as much cash-money for social events and scholarships until things pick up.
We can't be doing that bad... Harvard apparently lost more this past year than the entire value of Emory's endowment.
But, I think the law school looks to be getting more and more attention now, so it might come close to evening out.
Partlett is apparently a pretty impressive fundraiser. He brought in some big checks last year, IIRC, which goes into a separate endowment for the law school. So, while the University as a whole may be having a rough year financially, that doesn't mean that the Law School endowment is necessarily in bad shape. Nonetheless, I don't know any specifics about the school's finances and I don't think I care to learn about it until after I fully understand Hearsay and all of it's glorious exceptions.
Oh, and hi Sarapi, welcome to the Emory.