Posts Tagged ‘just say no’

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

#@&% No!: More lawyers of color a law school priority (Updated)

You see this? More lawyers of color a law school priority (Daily Planet, 05/24/2012)When an industry is failing that’s when they desire more people of color–so they can take them down with them. A year ago I posted an article regarding this issue and apparently it is being revisited. Listen wisely people of color, especially Blacks. Do not allow propaganda, rhetoric and false promises deceive you into attending law school. Let’s look at the facts:

*Law school tuition increases, while unemployment in the legal industry steadily decreases.

*Since the 2008 recession, the U.S. national unemployment rate hovered I think around 9+%. For Black Americans specifically it was a consistent 15%. When things are bad, they are really bad for Blacks.

*Unemployment as of last week continued to worsen in the public sector (federal and state government), because as one news article reported the bulk of Black unemployment is in this sector. Translation: whites in the mid to BigLaw firms have always been hesitant if not blatantly refuse to hire you. For those wise enough to apply to Yale or Harvard, a white male from the same alma mater will still win over you.

*The average law student must take out student loans: No ifs, ands, or buts. So an average person of color from working class or middle class will never have ALL of their tuition/fees paid by non-dischargrable Sallie Mae debt. Should you be able to find a job upon graduation, know that you will not make $150,000+ starting nor ever. Since state and federal government have continued to shrink its workforce, by the time new 0Ls apply there will be even less jobs in that sector.

This industry wants to get as many people of color mired in debt. Use your critical thinking skills and common sense. As mentioned before, you are wise to this game they’re attempting to play. Remember when the 4th tier UB Law attempted to open a branch law school in Prince George’s County-a county that has always been historically Black? It didn’t go through (See my post: Does Prince George’s Need a Law School?: An Article in The Washington Post (February 11, 2010) It does not matter if it’s Maryland or Minnesota or Massachussetts, it is a horrible scheme across the board.

Now there’s another scheme in the works in the guise of getting people of color represented in the legal industry. How about getting people of color represented in a legitimate workforce that actually helps them achieve a standard of living and have dignity? No, just more debt. Nothing but legal education sharecropping. You will be calling Sallie Mae “master.”

**Please also see: Minorities Decrease Enrollment in Law Schools: They Figured Out the Game (07/16/2010; Life’s Mockery)

“American law schools in crisis” Title of a Recent News Article

Yes, the mainstream media continues to take the baton in this law school-scam-busting relay. Likely the primary reason for these news outlets to focus on law schools because graduate level students take more debt than undergraduates (usually) and the student loan bubble has been stewing in a pot of Congress’ let’s turn away and not deal with it kitchen until it’s too late.  I laughed when I saw the first paragraph thinking “we told you so.” It’s like applying pharmacy ointment on a 4th degree burn. The article was written by a former dean at the University of Baltimore School of Law. Interesting, maybe he’s trying to mitigate potential lawsuits against him, other deans and law schools, though I found another article about this guy planning to resign months ago because he disagreed with how the LAW SCHOOL WAS SPENDING MONEY (Closius resigns as UB Law dean, Maryland Daily Record, 07/2011).

Anyway, here’s an excerpt of “American Law Schools in Crisis”:

The Golden Age of American legal education is dead.

Every law dean knows it, but only some of them will feel it. Elite schools (the top 25 in U.S. News & World Report’s rankings) and the 43 non-elite state “flagship” law schools are almost immune to market pressures. Those at risk will come from the other 132 law schools — the ones that produce the majority of law graduates…

Jobs and tuition, then, become an issue of quality admits. The fall 2010 entering class actually increased to a new high of 49,700, even as the job market was falling. Schools must now choose between admitting smaller entering classes (and sacrificing revenue) or dealing with a decline in the quality of their students — or both.

You hear that 0L? Stop the delusion, the madness, and unfortunately for people of color who thought going to law school was the one lift they needed for upward mobility it has not been this way for 20 years. I suggest engineering, chemistry/scientist. I would say medical doctor but that industry is corrupt in and of itself. For those of you who attended law school and continued to do so after seeing these blogs, the only thing I can suggest is despite the “competition” naturally inherit in American adulthood, do something for your fellow man/woman. Warn them about the perils of attending law school. The full article can be found at the Baltimore Sun website here: American law schools in crisis 06/04/2012

$10,000 First Year Associate Salary-Boston

No,this is not a joke. The article begins with:

Say No to Law School
Protect Your Sanity and Your
Financial Future

By now, most people know a law degree hardly guarantees law school graduates will snag a good job, let alone a high-paying BigLaw position.

But it may be even tougher than you think to get a high-paying legal job just out of law school. Hiring law firms, if you thought you were low-balling new grads, think again. (Boston Business Journal 06/01/2012): Legal job market hits new low: BC Law lists job below minimum wage 

Yahoo’s version: (06/01/2012)  Attention Lawyers: Get Your … $10,000 a Year Salary: 

The beginning of the article states: Attention college students applying to law school: put down the LSAT prep book. You might want to consider another line of work.

How can this be legal, it reminds me of how waitresses are paid poorly on an hourly basis then make most of their money on commission, maybe this is the same scheme. For shame, BELOW MINIMUM WAGE. Sallie Mae, SLM, Access, Nelnet does not care: All they say is _________ , you better have my money with a financial, back-handed slap known as late charges, additional finance charges, interests and other ‘costs.’

This has been going on for decades. Mainstream media is just late to the party; I would dare say ‘fashionably late.’ The kind of oh I was going to get there, so when I (mainstream media) arrive I appear to expose this dying legal market.