Thursday, February 9, 2012

8 - Conglomerate Blog: Business, Law, Economics & Society

Prawfsblawg's community spreadsheet thingy is here. ?You should contribute if you can. ?It's already looking quite interesting. ?

But it does illustrate one of the difficulties of trying to play moneyball in an area that isn't baseball, finance, or the weather. ?For those subjects, data has been collected every day for decades, and it has been systematized in a single place. ?

But we probably won't get perfect accuracy on who got hired by where from the Prawfs database, we won't get many variables on them, and law school hiring happens once a year, on different standards than law schools employed just ten years ago. ?Apples to apples comparisons are difficult. ?And if you want to know how those entry levels at top schools did it, you're talking about a tiny number of subjects. ?What's the added value (or disutility) of a Yale JD, a pre-law career as an equities analyst, or a Ph.D in sociology? ?I doubt you could tell anything other than an anecdotal story about whether these resume items are good or bad. ?

Which in turn makes moneyball stories in law schools not tales of zigging where others zagged, but rather a plausible story that that's what you did. ?That may be more an exercise in marketing, rather than number crunching.

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Source: http://www.theconglomerate.org/2012/02/the-hiring-news-is-coming-in-and-i-dont-believe-in-it.html

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