Word: public-interest
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...income). And if students go into a public-service career, they are eligible for loan forgiveness after a mere 10 years. While participants in programs such as AmeriCorps, the Peace Corps, the military and other such institutions have long been eligible for loan reduction or forgiveness, this new program expands such mercy to potentially hundreds of thousands more students who won't be forced to make that knee-jerk decision between ideals and salary. "We really need college graduates to go into fields like teaching and social work and public-interest law and rural medical services," says Irons. "And because...
...shows that some 80% of legal needs go unmet among low-income Americans, and organizations that serve such clientele, such as the Legal Aid Society, now have their pick of top law school graduates - most of whom will arrive with a paid salary and health benefits attached. But the public-interest groups still have to finance the infrastructure required for an extra person on staff. Many nonprofits have seen their own revenues fall in recent months and undertaken layoffs themselves. Just finding the money for another computer can be hard, says Esther Lardent, president of the Washington-based nonprofit...
Back in Boston, Valdivieso, the deferred Morgan Lewis associate, isn't waiting for anyone. The fledgling attorney said he has started looking into opportunities working for a public-interest group that specializes in civil rights. "It's not what I expected, but I'm excited at the chance to do meaningful legal work," he said. "In this economy, things could be a lot worse...
...undisputed upside to the current trend is that public-interest and legal-aid firms will finally receive some much needed help. Bob Glaves, executive director of the Chicago Bar Foundation, says these organizations are experiencing a "perfect storm" of dramatic cutbacks and an expanding need for services. "These groups desperately need assistance with a crisis of their own," says Glaves, whose organization is the charitable arm of the Chicago Bar Association. "Programs that help them and provide associates with real-world experience benefit everyone involved...
Many law firms say they are still working out specifics of their public-interest programs, though it appears some firms may cover benefits such as health and life insurance as part of a public-service deal...