Posts Tagged ‘don’t go to law school’

Woa Tells Us How You Really Feel: Forbes-Why Attending Law School Is The Worst Career Decision You’ll Ever Make

Why Attending Law School Is The Worst Career Decision You’ll Ever Make; Forbes Magazine, 06/26/2012

Not my words, words of Forbes magazine contributor. Wow, the magazine that is all about investing, making money, describing the wealthiest people around the world telling you law school is a bad investment. May we say told you so? This is major. We already witnessed The New York Times and the Wall Street Journal joining in the protest of ‘say no to law school,’ but Forbes. I must say this is great!

The news for would-be attorneys keeps getting worse. According to analysis from the Wall Street Journal released yesterday, only 55% of class of 2011 law school grads were employed full-time as lawyers nine months after graduation. The other 45% may be unemployed, working at Starbucks or starting their own law school hate blogs. LOVE IT.

The message that law school is no longer a sure bet when it comes to employment security and financial prosperity finally seems to be sinking in for potential students. In the last two years, the number of law school applicants has dropped by almost a quarter and the number of LSAT tests administered by the Law School Admissions Council has declined by 16%. How long we’ve been writing about this? False assurance of upward mobility, excessive debt, financial indentured servant status…This is so redundant, yet so true

Advertisements

Congress investigates law schools

All Rights Reserved

According to the Tennesseean’s article Corporations add transparency; so can universities (02/15/2012). This makes sense. Law schools and other universities conduct themselves as for profit they should have all the regulations and accountability that goes with it. Employment statistics, true rankings, endowments, donations, investments and distribution of funding. The first paragraph of this article makes you mentally say an exclamatory *yes*:

The U.S. Senate is investigating law schools’ student data for accuracy, as evidence grows that public information released misrepresents the truth.

Hopefully, Congress will not address the legal industry like the housing market–lawsuits and settlements and restructure only for those affected since 2008 til present. These institutions of higher education have been gaming the system for decades.

Did I Read This Correctly?: ABA Telling College Students NOT To Go To Law School…

                                                                                                                                                                                                                                       ABA Telling Law Students Not to Go To Law School (01/2012)according to Outside the Beltway the ABA issued this Statement last month. Interesting points:   

*According to the association, over the past 25 years law school tuition has consistently risen two times faster than inflation. Keep going…

All Rights Reserved

*The ABA is also warning of endowment losses, declining state support, and difficulties in fundraising that have hit law schools hard. It expects most public schools to raise tuition this year by 10 to 25 percent. Oh you were doing so well. I hardly believe law schools are “hard-up” despite law school scam warnings some law schools actually saw an increase in enrollment between 2008-2009. Or with tighter scrutiny law schools are being accountable for quality of accepted students and class size. I seriously doubt it’s for the reason the ABA claims.

To conclude: “Tens of thousands of dollars in debt — and a shiny degree: But, at the end of the day, getting a job in law could be a cold case in 2011.” Translation: Having a law degree is a dead end for your career. Enjoy.

Breaking News (02/03/2012): Law grads go to Court for Bankruptcy Protection

See MSNBC article posted today: Law Grads Go to Court for Bankruptcy Protection. You can tell she was a recent graduate most people

All Rights Reserved

know that Sallie Mae lobbied Congress in the 1990s to stop allowing student loans from being discharged in bankruptcy. They have the whole legal industry–in their hands…♫ Because Sallie Mae would suffer undue hardship if student loans were discharged. It’s a tax write-off, they won’t lose anything. An indebted, unemployed, graduate, well you being unable to feed yourself, just does not fit within the purview of being important to the federal courts or financial institution. Good day…

My favorite line: “If you did not go to a top 40 law school and finished in the top 25 percent of your class, you’re not going to get one of those jobs,” said Jordan Abshire, principal of attorney recruiting agency Lateral Link. Abshire said that since 2008, he has seen more attorneys with a few years of experience filing for bankruptcy, often carrying a new home mortgage on top of their student loans.

Despite what CNN says the economy is not getting better, especially for law graduates. Another warning to the would be 0L, basically for you to earn enough money to live decently AND be able to pay back your student loans you have to go to a top school. I’m not sure why they said top 40, it’s really Top 10 and even those people are doing contract work. Further buried in the article:

The debt load on students is made worse by the shrinking legal job market. Since January 1, 2008, major law firms have laid off about 5,900 attorneys, according to the Lay-Off tracker at lawshucks.com, a blog that tracks law firm hiring. That is about 5 percent of all attorneys at the 250 largest law firms, according to the National Jaw Journal. (The U.S. Department of Labor does not collect job data on attorneys specifically.)

The truth shall set you free, if you are an 0L it will prevent you from economic slavery.

Welcome to the Collapse

All Rights Reserved

The news article is entitled:

Welcome to the Collapse, January 3, 2011

A bleak summary of different lives of normal people in chaotic and overpriced New York. Of course you can’t have a story about the economy without referring to an unemployed lawyer right?:

The spinmeisters are playing the same record over and over, recovery, recovery, scratch, scratch, recovery’s in da house!….

Weird, such candor from the VOA. Maybe their CIA check bounced? In any case, let’s meet some denizens of Philadelphia’s the Gallery, my local shopping center. Mrs. Fischel runs a meat and cheese shop. Business has steadily declined over several years now. To make matters worse, management has raised her rent, to make up for other merchants who have closed shops or who are behind in their payments. The third level of this mall is completely dead, and the second is barely hanging on. Just this week, Payless Shoes as well as G&G, Unica and Sunshine Blues, all clothing stores, have gone belly up.

Fischel’s son, a recent graduate of law school, has moved back home from Orange County. He has no job, only mushrooming debts from student loans and credit cards. He loved California and never expected to live in Philly again. It used to be that once you moved out, you stayed out. It was an American rite of passage. By 2006, however, two-thirds of American college graduates were already returning to their parents. Now, the number is up to 85 percent[….] skipped section

Meet Mr. Ali, who runs a modest kiosk offering cheap purses, belts and watches made in China. He used to sell Gucci and Coach labels — not the bags, just the labels — which were tacked or sewn onto knockoffs by the customers themselves. Many of our poorest are infatuated with brand names. With a CK, say, slapped onto their person, they feel instantly higher class.

An immigrant from Pakistan, Ali’s first job was at a Seven Eleven, before he saved enough to buy a gas station. With his current business, it was no big deal to sell $1,500 daily. Now, he’s lucky to gross $500. Whenever this mall’s open, Ali’s in there. All he does is work. Even if there were 12 inches of snow on the ground, Ali would be there at 9AM, waiting for his first customer.

When he had savings, Ali made the fatal mistake of investing in Fannie Mae and Citigroup, among other supposedly blue chip stocks. Like millions of others worldwide, he lost his shirt. A hundred-and-forty-six thousand dollars gone. Ali sold his home and his new truck, hired a lawyer to consolidate his credit card debts. He now drives an unheated lemon. “In a couple of years, I’ll buy another house for my wife and children,” he insists even as his earning nosedives. He’s lost money the last two Christmases[….] skipped section

Back to Giuliani: he inherited his house, so Giuliani doesn’t have to worry about a mortgage, but thanks to the housing bubble, his property tax has ballooned. For sentimental reasons, Giuliani doesn’t want to sell his childhood home, but he may have to. With 10 rooms, the heating bill is enormous, and there won’t be too many buyers lining up.

The Gallery is a hub for commuter and subway trains. This design brings in more customers, sure, but the labyrinthine concourses also provide a haven for many homeless people. Dazed, they wander among shoppers, to be shooed away by guys like Giuliani. Dozing in wheelchairs, collapsing in corners or picking through trashcans, these resilient men and women seem oddly unaware that the recovery is in full swing, and that even dogs, according to our cynical media, got expensive toys this holiday.

The collapse will not be televised. Ignored and alone, each of us will experience it singly. As blemish and accusation, you will be photoshopped from the American Dream group portrait. The lower you slip, the more invisible you will become. The disconnect between what’s real and what’s broadcast will become even more obscene by the day.

Linh Dinh is the author of two books of stories, five of poems, and a just released novel, Love Like Hate. He’s tracking our deteriorating socialscape through his frequently updated photo blog, State of the Union.

Well here’s the good news; should you not land that dream job after law school, or any law-related job for that matter, especially if you’re a few years out you can always be a poster-child of why you should not go to law school. Just think when you share your heart-wrenching experience of inexplicable debt and mounting sorry you will be paid nothing. Even news writers get paid from your misery

US News & World Reports: (Law School) Know What You’re Getting Into

US News & World Reports
Ann Levine
November 22, 2010

I am proud to be a lawyer and I am proud to help other people reach their dream of becoming a lawyer. [sounds desparate to sell the profession]. However, there have been numerous stories recently that may discourage you from applying to law school. There are negative and disgruntled law students and attorneys warning you about the evils of law schools, of the profession, and of anyone remotely related to it. My goal is to make sure you don’t join that disgruntled bunch. [Which can simply be prevented by not attending law school]

So, if you decide to go to law school, you need to feel that the benefits outweigh the sacrifices and potential drawbacks that many of the naysayers routinely harp on. Go into it with your eyes wide open, ready to work hard, ready to make your way and create your own career. [Sounds like a tort in the beginning you are proceeding into a known danger and that it’s forseeable that you will have damages]. You won’t expect anyone to hand you a six figure job at graduation.

[This is such a misleading characterization, that most attorneys EXPECT six figures. No most attorneys expect after committing and investing time, money, effort and basically their life into achieving admittance into a noble profession that one can obtain a job in which one can have DECENT housing, food and transportation. The only graduates who really expect six figures upon graduation are those set for the patent bar, trust fund babies, IVY League graduates with connections.]

You will go into this with an understanding of the realities of the profession. You will know that success does not happen overnight, that your dream job isn’t the first job out of law school, but the one you hold ten years down the road. [false misrepresentation, how in the world can such a writer state this with a ‘straight face’ without submitting statistics or even state based on people he or she knows. It appears the author writes in theory or the same rhetoric that continues to be told to unsuspecting 0Ls.]
There is no fast track to success in law school or in anything else in life. The key is to make the best decisions you can about your future with the information you currently have at your disposal.

I want you to really consider whether to go to law school, and I want to share the questions you should be asking before you go. Plus, I want to make sure you are equipped to make good decisions about where to attend.

Let’s start here: Reasons NOT to Go to Law School:

1. Money (How much does law school cost and how can I pay for it?)

2. Time (three years full-time, 4 years part-time)

3. Bad career outlook in current economic environment

4. It’s difficult

5. It’s competitive

6. There are too many lawyers

It appears that 1, 3, 5, 6 are all related to NOT being able to get a job or make decent money with a law degree. Decent refers to enough money to sustain you and your family (whatever that may be) with food, gas, heat, electricity, housing and transportation. Four out of the six reality checks are stating that you cannot live a normal life with a law degree. So those of you who are already making $50,000-$75,000 without a law degree; you are in a much better position than most licensed American attorneys. So, does it make ANY sense to encumber your life with unnecessary debt to be in a profession with superficial professionalism, mentally disabled persons who many have broken down after realizing the reality of what going to law school has done to them, all while struggling to meet your monthly financial obligations and reaching for straws to keep a facade of upward mobility. Reason with yourself and don’t ignore the signs.

Points 2 and 4 are related to losing valuable years of your life to spend hours, days, weeks studying to impress law professors who already made their decisions of who each student is, where they will fall in the mandatory curve within the first week of classes, all the while subjecting students to the Socratic method with the intent of satisfying a power-trip. Now all professors are like this but most are. Your first year you do not select your law professors and many have tenure, so good luck in being treated fairly while learning about the law–ironic isn’t it?

Now, the Reasons TO Attend Law School:

1. Learning how to think

2. Profession you can always rely upon/Job security

3. Helping others/contributing to the community

4. Being important and respected

5. Financial security, prosperity

Points 2 and 5 do not make any sense in light of the previous set of points. Although most professions and both the private and public sector is suffering due to the current economy, the legal profession has forever changed. There is no such thing as financial security in general when there is a permanent oversaturation of law graduates and attorneys. Due to this saturation how can point 4 be valid? Value is based on quality and rarity. Many media outlets have exposed how unprepared most law graduates are and have been over the past few decades. When lawyers are a dime a dozen, how are you important? Though theoretically an attorney is to advocate, be a defender of the Constitution, etc, most attorneys are either focused on keeping their financial security which inevitably compromises the value of the services and as a result the profession. Additionally, when there is not a demand for a product or service, the price steadily decreases (oversaturation).

You need to do your research about each one of these pros and cons. How much can you expect to make in the area of law you plan on pursuing? What would your student loan payment be? Your rent? Your car payment? Etc.

So, how can you research this? Talk to lawyers in big firms, lawyers who work for the public defender, lawyers who work in a firm with only two or three attorneys, or insurance defense attorneys. Ask them how much they made in their first five years of practice and how much they made after ten years. Ask them what they really do all day. Ask them to describe a typical case they are working on. [A simple approach is to read these blogs. The following two questions are good suggestions though:]

Ask them what time they get to the office everyday and what time they leave. Ask them if they like their jobs.
Ask them where they went to law school. Did they take a scholarship to a lower ranked school? Why or why not?

Do top law schools open some doors? Do you want to clerk for the Supreme Court? Be a law professor? I suggest you look up people who have jobs you would like to have one day and see where they went to law school.

It’s essential you have a firm grasp on what the profession entails before you commit. Comparing and contrasting the answers to these questions with your expectations is key to helping you make your decision.

If you’ve gone through this thought process and you still decide to attend law school, you will know what you are getting yourself into. You will be in a position to make good decisions about your future. And then you’ll be ready to hear this podcast: How to Get Hired as a Rookie Attorney.

In other words you will definitely be “proceeding into a known danger.”

Law School Tuition Hikes, Economy Downturn, why are you still going?

 

On June 18, 2010, The Triangle Business Journal published: 

Even as salaries go flat, Triangle law schools continue hiking tuition – Triangle Business Journal

The authors smacks you in the face with facts in the first paragraph: “DURHAM – Despite the battering the legal industry has endured over the past couple of years – which included salary and job cuts at many firms around the country – local law students will face rising tuition costs yet again this fall.” Interesting, you failed to mentioned the number of lawyers who are UNEMPLOYED but seem to emphasize the big and mid size law firms reduced salaries. Maybe you aren’t so forthright.

The law schools at UNC-Chapel Hill, Duke University, Campbell University and N.C. Central University all plan to increase tuition rates, and the total cost of earning a law degree now approaches or exceeds six figures for many students.” Riiiigghhhtt, now it approaches six figures, well most law students unless on scholarship, trust fund or help from some anonymous source are already burdened with this amount of student loans. Notice that despite the fact most law graduates aren’t finding jobs, saddled with tremendous non-dischargable debt, these law schools are still raising tuition. How can you justify it? Let’s put some theories out: 1) to deter the poorer Americans to not go to law school, based on the statistics of the current economy I think it’s reasonable to say that those will primarily be minorities. 2) these schools may have been poorly operated or lost endowments, funds in these Madoff & co. ponzi schemes like Harvard did 3) They know that there are still plenty of delusional 0Ls who think they will beat these odds and somehow by obtaining a Juris Doctor their lives will be complete, they just need to work hard to get on the other side. There is a saying: “Work harder, not smarter.” Allowing oneself to be under the tutelage of adults who are disgruntled with their lives and can have a major impact on your future life (standard of living, income, sanity) with just the stroke of the red pen versus taking heed to all of these warnings that law school is not worth the investment. With the changes in the economy, business models within the legal industry it is likely never to return to its once ‘glorious’ state.

“Students are faced with a very tough question,” says Boger, the dean of UNC-Chapel Hill’s law school. “I think there’s a whole lot of recalculation going on.”

“The old math was pretty simple: Law school was expensive, but debt incurred could be paid off in a reasonable amount of time because starting salaries at big-time law firms paid so handsomely. Then came the economic downturn, which belted law firms’ customers and, in turn, the firms themselves. That caused many big law firms to hire fewer new lawyers and pay the ones they did hire less than before.”

You see members of the legal industry who would benefit from you attending law school are even telling prospective students that you better reconsider your decision to go to law school. While others still attempt to justify the costs of such a prestigious profession:

“Bill Hoye, the university’s associate dean of admissions and student affairs, says Duke’s tuition is comparable to the top law schools in the country. He adds that law school is an investment that can pay off over a 40-plus-year career – and there is still a large earnings potential at big firms. Many of the area’s largest law firms still pay starting salaries well in excess of $100,000.”

Let’s see, the average lawyer likely not to continue practicing law after 6-10 years from what I have witnessed or is working to transition into another career. The fact that this dean “guesses” that it is possible for the ‘investment’ to pay in 40 years =nothing but a gamble to assume that the legal industry will recover from these fundamental changes that have already happened, that what you earn as a starting salary will be that of a BigLaw associate–which is reserved for the few–at least it used to be as now Harvard and Yale law graduates are unable to secure employment; even should one be able to earn a particular salary, it doesn’t last forever: mergers, layoffs, downsizing, changes in business models in the past only 10 years have devastated so many lawyers. One can only image what will happen in another 40 years!

Hoye thinks that what Duke offers students in terms of top-notch faculty and programs is worth the cost. “The quality of education is just outstanding,” says Hoye, who adds that financial aid at Duke’s law school also will rise by at least 5.5 percent this year. I’M SURE HE DOES.

“Duke projects it will have 744 full-time law students next year, while UNC will have about 800. Campbell plans to have about 450 total law students.” I’m not sure if they are referring to a new set of incoming class or whether if they include next year’s incoming class that will be their total number of students matriculating at the time. Either way it’s sad.

Law School Tuition: USA Today Article: Investing won’t get you to law school; saving will

All Rights Reserved

June 21, 2010 USA Today: Investing won’t get you to law school; saving will – USATODAY.com. The author providing the advice is very frank, even if you INVESTED the $2500, there’s no reasonable way that the return on the stock investment will cover the costs of attending law schools. A gamble won’t cover a different gamble! Here’s the piece:

Q: What can I invest in that will turn my $2,500 savings into enough to pay for law school? A: We are often told that the stock market can richly reward patient investors. And that is true. But what you’re asking goes beyond what can be reasonably expected. You mean that the average person starting law school cannot afford to pay for it by investing or saving whatever money they have? Doesn’t that just force them into Sallie Mae’s prickly embrace? Oh, they just can decide NOT to go as an option as well.

Let me explain. You’re probably hoping I’ll rattle off a few amazing stocks that will rocket in value to turn your $2,500 into law school money. The odds of picking a couple of stocks that will do that are tiny.

Let’s first consider how much money you’ll need. The median tuition for one year of law school in 2008 was $16,836, according to the American Bar Association. And tuition has been rising about 9% a year.

That means if you enrolled in 2010, the price of the first year of law school would likely be $20,003. And that’s just the first year three. Your total tab would be somewhere around $65,572.

So, you’re hoping to turn $2,500 into $65,572. Let’s assume you’d want to have this happen in two years. For this incredible increase in wealth to occur, you would need a stock that rises 2,522%, or 412% on average for two straight years.

The reality: Stocks, on average, return about 10% a year. And lately, stocks haven’t even been doing that. Stocks aren’t the only thing not returning an investment.

If there were any stocks that could generate the kind of return you are looking for, they would come with such gut-wrenching risk you could also completely decimate your original $2,500 investment in the process. Like attending law school in the first place.

Don’t just take my word for it. Parallel comment: just read the blogs.

Over the past two years, not a single stock in the Standard & Poor’s 1500 index, which includes stocks of all sizes, rose 2,500% or more, according to Standard & Poor’s Capital IQ. In fact, not a single stock rose more than 2,000%. Over the past ten years law school tuition rose, while law graduates unemployment increased, so the actual product decreased in intrinsic value though it is still being sold based on its tradition and prestige.

To be more precise, the best-performing stock rose less than 400% the past two years. So even if you picked the best stock in the S&P 1500 universe, not an easy feat, your $2,500 would have been worth $12,500, a far cry from what you need to pay for law school.   Parallel comment: Not all law schools are the same, should you even choose to attend the best, what you invest will still not get you to the goal of being employed and paying off those student loans.

What’s the moral of this story? Don’t look to the stock market to pay for your law school, especially when you’re starting with $2,500. You’ll need to invest, yes, but more important, you’ll need to save more, and consider grants, scholarships and other financial aid. [emphasis mine].People are willing to do any thing for a chance to attend law school, instead this financial advisor states that the only way the writer will be able to afford to attend law school is through financial aid=student loans=Sallie Mae; who is not as benevolent as she sounds.

Smart investing can accomplish great things, but what you’re looking for goes beyond what an investor could hope for in his or her wildest dreams. In other words, it’s neither wise to invest in a bad stock market or that other type of investment “law school.”

Third Recent News Article: Law graduates, economy and job market

This is related to the previous post on Life’s Mockery: Another News Article: “Law Degree Can’t Guarantee Law Firm Offer” . Just a couple of days ago Crain Business Journal posted:

Law grads’ job prospects ebb with economy – Crain’s Cleveland Business . “As 2010 law school graduates are framing their diplomas and are preparing to enter the working world, the profession is reporting that employment rates for the class of 2009 were the lowest in more than a decade.” The low employment rate didn’t happen over night, other factors contributed to the steady decline of the legal industry. Those in certain positions knew this but not only continued enrolling law students, but increased the number of law students matriculating at their institution. You knew, 0Ls likely didn’t but agents of the industry did.

“The employment rate last year was the lowest since 1996. In addition, the employment numbers include an increase in the number of graduates engaged in part-time and short-term work, as well as more grads taking jobs at the schools they had attended.” And you still are posting on various boards and blogs which law school you’re considering attending. A wise man or woman learn from the mistakes of others.

“Jennifer Blaga, director of career planning at Cleveland-Marshall College of Law at Cleveland State University, said the employment rate for her class of 201 students in 2009 was 84.8%, though she cautioned that not all students report whether they have found jobs.” I’ll repeat what I wrote in that other post: If I went around and asked 10 people I knew were employed and they all said yes I can easily offer that out of the people I surveyed, 100% were employed, which by no means reflect the actual legal industry and broader economy.”

“Ms. Blaga said Cleveland State law graduates are better off than some because they often are looking for jobs at smaller firms, many of which did not face the same challenges that large law firms have over the past three years, when new hires often were deferred for several months and attorneys were laid off.” Smaller firms which also start off at a lower salary for attorney positions not likely to increase earning potential nor maintain a decent standard of living.

“While the 2009 NALP Employment Report and Salary Survey noted that an increasing number of law schools were boosting their employment figures by offering graduates positions at their alma maters, Ms. Blaga — herself a Cleveland-Marshall graduate, albeit in 1994 — said that is not the case at Cleveland State. In 2009, 1.2% of graduates had jobs in academia; 55.6% entered private practice, with slightly more than half of those graduates working in firms with two to 10 attorneys.” They’re on the defensive thanks to Nando at Third Tier Reality and see  Exposing The Law School Scam: A closer look at the employment stats for the 2009 law school class They know people are dissecting the statistics they proffer.

“At the 192 law schools that responded to the NALP survey, academic employment rose to 3.5% in 2009 from 2.3% in 2008. Talking about plumping a turkey so the masses can devour. These temporary, revolving positions helped law schools report exaggerated employment statistics for the new hapless crop to be harvested in next three years, but look:
“James Leipold, NALP’s executive director, said the academic hires were one piece of the “underlying weakness” the employment figures hid. More than 40% of the law schools reported that they provided jobs for graduates on campus and, including judicial clerkships, nearly 25% of all jobs for graduates were temporary.” Now that’s some honesty.

“Added Ms. Weinzierl: “Employers are realizing lawyers have a lot of skills others may not have. They’re more open to considering those who have a legal background.” You’re kidding me right? Please explain why most lawyers have noted that having a J.D. is a detriment to finding working outside the legal field and with professors and seasoned practicioners admitting that law graduates are entering the legal workforce with little to no practical skills, thus unprepared to meet the needs of firms and clients. Oh, do explain.

Another News Article: “Law Degree Can’t Guarantee Law Firm Offer”

All Rights Reserved

*ABSOLUTELY NOT*

O.k., I posted an article published by a Lansing Michigan newspaper dated May 31, 2010 entitled 

Law degree no guarantee for jobs | lansingstatejournal.com | Lansing State Journal at this Life’s Mockery post on the same date: https://lifesmockery.wordpress.com/wp-admin/post.php?post=609&action=edit

A more recent article  dated June 6, 2010: Law degree can’t guarantee job offer | The Columbus Dispatch, the sentiment is echoed.

“A few years ago, a law degree was practically a ticket to a comfortable life. The recession has changed that for most new graduates.” Interesting, so the author implies that merely a few years ago MOST new graduates would’ve had a comfortable life except for this recession thing that ‘messed everything up.’ Really? We must survey those graduates who were pre 2007/2008 and see how many were actually practicing the law, full-time, able to live based on that salary and meet their student loan obligations then one can assess what was considered a comfortable life.

This naive guy says the following: ““I have no problem paying my dues,” Kay said. “The problem is, I can’t even get a job at the bottom.” When a person pays dues, he or she in return is negotiating some form of benefit, the mere fact that this guy is unable to make it as a bottom feeder in the American economy should alert the reader there was a switch and bait, “gotcha” game played.

The article becomes a little more honest: “The National Association for Law Placement released a survey last month showing an overall employment rate of 89 percent for 2009 graduates for whom status was known. That’s 3 percentage points below 2007’s historic high and the lowest rate since the mid-1990s. The group noted that the new number reflects increases in temporary and part-time employment.” [emphasis mine]

Meaning out of the thousands of alumni of the various law schools throughout the country that actually partook of the survey (could’ve been 50 or a 1,000) 89% were employed. If I went around and asked 10 people I knew were employed and they all said yes I can easily offer that out of the people I surveyed, 100% were employed, which by no means reflect the actual legal industry and broader economy.

“In good times, top law students were almost guaranteed good jobs based on first-year grades and their experience as summer associates.” Some of us didn’t know this game either, many first years’ would have saved tens of thousands of dollars in debt had they just quietly banished themselves from the law school game.

We can say, this is good that the curtain is being slightly lifted, but proceed with caution, note how the article makes it appear that this change in the legal industry just happened and it’s all due to the recession. The article doesn’t discuss the MASSIVE shift in the business aspect of practicing law nor does it mention the proliferation of law graduates in the past 10 or 12 years, yep it’s some extraordinary feat that only the economy is responsible for. Let us not forget cause and effect…this change in the legal industry was not by happenstance people.

The final advice that these blogs have been trying to inculcate in your head is summarized here: ”

Niels Schaumann, vice dean for faculty at William Mitchell College of Law in St. Paul, Minn., said: “The more urgent question is: What do you tell people who are thinking about going to law school?

“I don’t recommend it to people looking to make a lot of money. If you’re not interested in helping people in some way or providing service to your clients, it’s not for you.” [emphasis mine]

O.k., that was some honesty…but what could’ve been a little more accurate is: “I don’t recommend it to people looking to make a decent living or survive off an average lawyer’s salary.” There, that about does it.

« Previous entries