To Be Fair, Yale Law School Deserves Its Turn

Did you see the news, Greg Fleming, the former President and Chief Operating officer is resigning from Merrill Lynch to take a job teaching at Yale Law School?   Other than graduating from Yale Law, Mr. Fleming’s most notable qualification to teach law appears to be that he never practiced law. I suppose that that simply demonstrates Yale’s commitment to the concept that actually having acquired and demonstrated the skills to practice is a distraction to teaching someone how to practice law.

So what skills will Greg Fleming teach? Well, he appears to be skilled at buying and selling “complex financial instruments” that everyone now claims were unintelligible. Ok, so perhaps legal writing is not his forte. Justice Thomas said his Yale Law degree was worth 15 cents, Fleming  is perhaps there to teach Yale Law students how to turn it into millions, simply by buying and selling legal documents which no one appears to understand.
 

A Job Versus A Calling

My wife and I have two sons, both appear be driven by a calling. The youngest graduated from college and headed off to Italy (we are dual citizens) to start his life, while becoming fluent in a second language, experiencing another culture by living it, and developing his skill and love for food. The oldest is in China, working to succeed in a business he and his college roommate created, while developing business skills well beyond the ability of any business school to teach. Both have lifestyles driven by their calling, in which income and lifestyle have taken a far back seat to their passion. Perhaps they will be financially successful someday, perhaps not, but for someone driven by a calling that does not appear to be important.

My oldest son sent me an article by Michael Lewis on this topic since he was undoubtedly aware of his state in life. It was a response to a young man who worked on Wall Street and he was contemplating going to Hollywood as he saw the opportunity to make money and the excitement of the Wall Street heyday melt around him. Lewis’ advice to this young man starts by distinguishing between a job, something that makes money so you can survive and pursue other interests and a calling which consumes your life. Both have their benefits and costs.

I mention this because some of you may find the consequences experienced by this young man impacting your career. Law school, unfortunately, is a default educational choice for many who really are not sure what they want to do. I know I should be telling you that it is a great profession, and for me, it was close to a calling for most of my career. But it is not that way for everyone—what type of job you have can make a big difference. For some of you the present economic condition may present you with a unique opportunity to ask yourself whether you are in a job or a calling. These conditions may well present you with an opportunity to make a change that you would not consider when economic security restricted your options.