The number of June 2014 LSAT test-takers dropped 9.1% from June of 2013. The decrease represents a return to form for test administration figures, after a recent jump in March that had everyone wondering if a turnaround in law school enrollment was on the horizon. That much-touted increase between March of 2013 and 2014? Well, just 1.1%, but it was the first time since 2010 that the number of test-takers had increased over the previous year. Now we’re back to June gloom. This year’s total of 21,802 test-takers marks a whopping 33.9% fall from the glory days of June 2010, when 32,973 hopefuls sat for the LSAT.
The city of Chicago has been ordered to pay the National Rifle Association’s legal fees — again. This time around, the city has to fork over $940,000. The fees were accumulated from a lawsuit the NRA filed against the nation’s third-largest city challenging its gun sales ban. A federal judge ruled in January that the city’s ordinance was unconstitutional.
$5K – $15K
For some of us, the definition of a summer treat is a cold ice cream on a hot night. For the associates at Cahill Gordon & Reindel, it’s a bonus — of $5,000 to $15,000. But hey, potato/potahto, right? Cahill has been serving up mid-year associate bonuses since 2010.
The U.S. Supreme Court has garnered both rave reviews and wild boos for its rulings in the most headline-grabbing cases from the October 2103 term, but court-watchers on both sides of the aisle seem to agree on one thing: The First Amendment was a major star at the high court this year. But have the many cases in which it has been involved actually raised the First Amendment’s profile among the general public? Well… A little. As part of the First Amendment Center’s annual “State of the First Amendment Survey,” respondents were asked to name the five freedoms in the First Amendment. This year, the number who could name freedom of speech increased from 59% to 68%, while the percentage who could name freedom of religion jumped from 24% to 29%. The percentage of Americans who can’t name any of the rights guaranteed in the First Amendment dropped from 36% to 29%.
$12B or $$B?
Exactly how much will Bank of America pay to settle investigations over its handling of bad mortgages? Nobody is sure. The Wall Street Journal initially reported that the financial giant was in talks to pay at least $12 billion to settle probes by the Department of Justice and other states, but some analysts have guessed that the amount will be closer to $4 billion or $5 billion. One thing’s for sure: The uncertainty is stressing investors out.