Posts Tagged ‘told you so’

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

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The Legal Industry: Media attention to the “Law Degree No Guarantee for Job”

Did someone just awaken from a stupor after eating the apple from the nice old lady? First it was Georgetown law students with NPR with their confessionals of dismal employment outlooks upon graduation, now Michigan State University law dean admits it. The interesting question is why are they admitting it only when it’s time for the harvest of the next crop of graduates to hit the job market? It was getting bad during their 1Ls wasn’t it? Anyway here’s the article stint entitled:

Law degree no guarantee for jobs, fresh off the online presses-May 31, 2010 [http://www.lansingstatejournal.com/article/20100531/NEWS03/5310316/Law-degree-no-guarantee-for-jobs] It’s not an intellectually stimulating piece, just a short reminder of what most of these blogs have been telling people, the job market for lawyers is awful and there is no real hope of it improving and you will most likely be working outside of the legal field unless you’re volunteering or doing document review: “According to research conducted by the Association for Legal Career Professionals, all measures of employment growth for new lawyers in 2009 decreased.” I’m not sure whether this statement means measures of whether a recent law graduate entered into the legal field with a secured job upon graduation, specifically whether it was at a law firm, public interest or government, or measuring the actually salary of law graduates or a combination of these factors plus others. Just to assume that the just mentioned variables were calculated, the legal industry is abismal, yet law schools are graduating more and more lawyers into this field? !

It next reads: “In 2008, only 89.9 percent of lawyers coming into the field found employment, which was a decrease from a high of 91.9 percent in 2007, said Judith Collins, research director for the association.” This is the power of words, because ONLY 89.9% found employment? I let you navigate to Exposing the Law School Scam and Third Tier Reality for the mathematical calculations regarding statistics published by NALP, AALS and whoever else. This simply cannot be. Between what the federal government and even more of the mainstream media reports this cannot be accurate. Asides that out of this alleged percentage the article does not state whether these newly minted lawyers even found work in the legal industry. In other words, they may very well be working at a department store, fast food restaurant, manual labor, seasonal mall work, etc. I remember reading in one of the other blogs that some recent graduates are hired by the law school immediately just to heighten the appearance of their law graduate statistics! Simply amazing. Yet, yet…people want to go to law school, it’s like you’re saying with this now available information: “When I grow up I want to be unemployed, stressed, overburdened with debt and have postponed having a family or a real chance at have a good quality of life.” Anyway…it further states

“For instance, the Department of Homeland Security has been hiring law graduates to work in their offices reviewing documents, even though a law degree isn’t required.” You see now instead of the embarrassment and stigma of being a document reviewer in the private law firms, you have the opportunity to be a document reviewer for a government job, though no job title is provided in this piece. Isn’t it just wonderful? Oops wait a minute: “”These are students that are willing to start at the bottom of a rung in a non-attorney job…” Wow, even in the private sector you’re still dubbed an attorney even a contractual one, here you don’t even have that level of ‘prestige’, interesting. The rest is just putting the burden on the recent graduate with a good luck, we cannot help you, it’s all on you.