Posts Tagged ‘too many law schools’

Quicklist PART II: Law School is a Bad Investment News Articles

Quicklist PART II: Law School is a Bad Investment News Articles
Too Many Law Schools and Law School: A Poor Investment:
2013 Mainstream News Articles List

These news articles are provided for quick reference as similar issues have been addressed in depth in prior posts:

07/24/2013: Tampa Bay Times, Blumner: Laying down the law school, Robyn E. Blumner
http://www.tampabay.com/opinion/columns/laying-down-the-law-school/2132968

07/22/2013:
Bloomberg News, When Law School is No Longer a Safe Bet
http://www.bloomberg.com/news/2013-07-22/when-law-is-no-longer-a-safe-bet.html

07/19/2013:
The Nashville Ledger, The Case of the Shrinking Law Schools:
Enrollment slides as sotential students argue costs v. benefits
Friday, Vol. 37, No. 29
Jeannie Naujeck
http://www.nashvilleledger.com/editorial/ArticleEmail.aspx?id=67645

04/25/2013: Foreign Policy, Should You Go to Law School?
The good, the bad, and the ugly about getting a J.D., Rosa Brooks
http://www.foreignpolicy.com/articles/2013/04/25/should_you_go_to_law_school

04/05/2013:  The Huffington Post, If Law School Affordability Doesn’t Improve, Enrollment Will Continue To Decline: Analysis,Tyler Kingkade
http://www.huffingtonpost.com/2013/04/05/law-school-affordability-enrollment_n_3023091.html

03/21/2013: CNBC, Courtroom Drama: Too Many Lawyers, Too Few Jobs, Mark Koba
http://www.cnbc.com/id/100569350

03/14/2013
Washington Monthly, Why Law School Doesn’t Work Anymore, Daniel Luzer
http://www.washingtonmonthly.com/political-animal-a/2013_03/why_law_school_doesnt_work_any043593.php

Too Little Too Late Part II: ABA Journal Article

A recent blurb was published in the online ABA Journal positing the question of how to improve law schools. One of the highlighted suggestions included reducing the cost of a law school education. This will have a two fold negative effect: 1) As law schools are already discharging and furloughing support staff and adjunct faculty to further reduce costs will increase the loss of non tenured faculty and support staff (I know reader, I heard you chuckle) 2) Will lower the standards of a law school education which will make the law degree worth even less than it is now, as many law graduates learned the hard way. Ironically, it is published by the very law school accrediting agency that is responsible for the glut of attorneys that’s been happening for decades. Those who are in a position to implement change can start by not accrediting any more law schools and it is now time to shut down many of them. The measurement of success is not just in a constricted market but does the law degree hold value when the economy enjoys economic progress. For most, the answer is “no” as the problem existed for decades cloaked under false employment statistics and contract work. For many law schools the following suggestions is akin to performing CPR after the person has died.
I hope you enjoy the comic relief:
____________________________________
How to improve law school? Required clinical training, capped loans are among expert suggestions
http://www.abajournal.com/mobile/article/how_to_improve_law_school_required_clinical_training_capped_loans_are_among/
By Debra Cassens Weiss
Jul 24, 2013, 05:45 am CDT
Law schools that once promised grads a place among the elite need to change along with the legal profession, according to several experts who offered their suggestions.

The New Republic queried the experts as a follow-up to an article that, in its words, “chronicles the looming economic collapse of the legal profession.” ABAJournal.com reported on the highlights or the prior article here. The experts’ suggestions are here.

Among the suggestions gathered by the New Republic:

• From Harvard law professor Alan Dershowitz: Law schools should offer two years of academic instruction and a third year focused on the student’s career choice that could include internships and clinical training. The third year change might result in the need for fewer teachers and reduced costs. “There are no free lunches when it comes to legal education,” he write, “but cost-cutting is essential as law-school tuition has ballooned dramatically over the past half century.”

• From University of Colorado law professor Paul Campos, who formerly blogged at Inside the Law School Scam: Cap student loans. “The cost of law school needs to be reduced to what it was a generation ago,” he writes. “This would happen practically overnight if the federal government put reasonable caps on educational loans.”

• Slate legal correspondent Dahlia Lithwick: Add a hands-on clinical component to legal education, and put it during the first year. “The hope is that a year of practicing taking depositions, doing document review, and interviewing cranky clients might have helped clarify for many of us, early and often, that we won’t all get to be Clarence Darrow,” she says.

Some law schools may be reducing admissions but…

That’s not stopping new law schools from forming? What, say it isn’t so. As long as you 0L keep falling for it, they’ll keep building. “If you make it they will come.” We see how much the ABA is looking out for the legal indu$try…

Here’s the article UMass Law School Gets Provisional Accreditation from ABA:The Wall Street Journal, 06/13/2012

Some law schools are endeavoring to produce fewer graduates or to “reboot” legal education, but for others, the accreditation process keeps moving along.

Massachusetts’ first public law school, the University of Massachusetts School of Law in Dartmouth, has received provisional accreditation from the American Bar Association, the Boston Globe reported.

Two words to describe this industry “cha-ching.”

The school will get full accreditation after meeting ABA standards for the next three years. Meanwhile, its students will be able to take the bar exam in any state. Previously, they could only do so in Massachusetts or Connecticut.

The provisional accreditation is expected to bring increased applications to the school, which now has 325 students, the Globe noted.

“ABA accreditation is the gold seal of approval for law schools,” retiring UMass Dartmouth Chancellor Jean MacCormack said, the Herald News reported.

The school was created in 2010 at the location of the former Southern New England School of Law.

As WSJ reported, the ABA accredited 10 new law schools since 2006, and the number of law graduates increased to 44,495 this year from 42,673 in that time. The number of applicants to law school has been falling recently — 14% this year from last.

Law Blog noted recently that the ABA granted a five-year extension to Tennessee’s Lincoln Memorial University to get accreditation, after denying preliminary approval last year. The extension allows students to sit for the bar exam in Tennessee.

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.

Law School Losing Allure For Part-time Students; Continued Exposure About Rankings/Standards

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A few highlights from the news article Part-time Law School Loses Allure (02/06/2012) “The question has become, ‘Am I going to fill my part-time class this year?’ ” Rutt said.  “In the Northeast, people have many options, and I think some part-time programs are going to go away. Frankly, I don’t think the demand is there. It is jargon meaning:  there are too many law schools.

Ooh, more investigations: Meanwhile, law schools continued to create part-time programs. There were 40 part-time day programs at ABA-accredited schools in 2006 and 53 by 2010. Similarly, there were 55 evening part-time programs in 2006 and 65 by 2010. Garon and others have speculated that the U.S. News loophole prompted some of this growth — law schools could admit weaker students without compromising their rankings.

Exposing the law school scam: The council data showed that, on average, students in part-time programs had lower LSAT scores and undergraduate grade-point averages than all new law students combined. U.S. News explained its decision to close the loophole by saying that the new methodology “produces the most complete comparisons.”

“One reason we might see some part-time programs close is because of the U.S. News rule change,” said Eric Janus, dean of the William Mitchell College of Law. “A number of law schools founded or expanded their part-time programs as a way to hide their students with lower credentials. Now, every student counts.”

A larger number of schools will “tinker” with their part-time model, Garon continued, perhaps offering more online courses or adding low-residency programs allowing out-of-town students to convene on campus for three-day stretches. In other words,  as regulators find irregularities and further scrutinize law school practices, law schools will seek another method to circumvent it.

Another option is to offer a “vanilla” J.D. degree — centered on basic law courses such as torts and civil procedure — at a lower price, then charge extra for clinics and other resource-intensive classes, Garon said. Schools also could do a better job of integrating specialties such as entertainment law, health law and intellectual property into their part-time programs, to open up new streams of potential students.

Hey maybe they can provide a 2 for 1 on elective courses; would you like fries with that J.D.?

National Law Journal: Accountability and Transparency: Law schools are adapting to the shifting job market

Buyer Beware

This news article Law schools are adapting to the shifting job market (01/24/2012) posted by the National Law Journal discusses the reality of  lawgraduates unemployment, the change in the legal industry and wow, accountability and transparency. The horns and sirens have sounded long enough where the ABA and US News and World Report actually have to tell the truth. The remaining issue, whether federal oversight-the Department of Education will regulate it providing substantive accountability rather than a new way for these accrediting and ranking entities to formulate a new form of ‘smoke and mirrors.’ You may enjoy this part of the article:

The ABA, NALP and U.S. News — under much criticism themselves — have been working to increase, clarify and standardize the employment information they collect from law schools. Within a few short months, the ABA’s most recent changes will be fully in place.

One of the benefits of the new standards is that “employed” graduates will be further classified within subcategories. The ABA and U.S. News no longer will consider both the grad working at Skadden, Arps, Slate, Meagher & Flom and the grad working at Starbucks as merely “employed.” Additional breakdowns will funnel them into categories that indicate how many are employed in full-time vs. part-time, professional vs. non-professional, long-term vs. short-term and school-funded positions, and in jobs for which the J.D. provides an advantage.

Lol, let’s see how they would justify tuition once and if these changes are implemented. Buyer beware.

More Law Schools See Surge in Law School Applications

On July 6, 2010 Life’s Mockery reported that UMass Law School had a surge in law school applications: https://lifesmockery.wordpress.com/2010/07/06/in-the-news-a-new-unaccredited-law-school-has-surge-in-applications-enrollment/ Well, the madness hasn’t ceased, the operative words are more and surge, sounds like legal-industry-gluttony at this point. Today the National Law Journal reports: (False) Hope drives rise in law school applications 

All Rights Reserved

Hope drives rise in law school applications: Despite grim job statistics in nearly every corner of the legal world, law school applications increased by 7% over last year.

 The grim job statistics in nearly every corner of the legal world are surely enough to make any aspiring lawyer think twice about diving into massive debt to attend law school. [emphasis mine]. Apparently not for many, hopefully for others. Even with this frank start to the article, people are so desparate as to believe that obligating themselves into more debt will resolve their personal financial woes in this turbulent economy. Does this make sense? No.

“How much do applicants know about the contraction of jobs in the legal industry? It’s hard to say,” said Brian Tamanaha, a professor at Washington University in St. Louis School of Law who has urged law schools to provide more accurate information about graduate employment. “People could be thinking, ‘Well, in a few years things will change.’ I think we’re seeing a structural change in the industry. Even if things do come back, it won’t be to the same degree we saw just a few years ago.” My word, we bloggers have been saying this for a while, but I guess it’s considered speculation unless a professor says it. The legal industry is forever changed, there are IVY leaguers who cannot even find decent paying jobs, work is outsourced overseas, student loan debt, $40,000-$50,000 average attorney pay, do not go to law school. O.k. I’m back.

“In a climate like this one, we’re seeing applicants who are conscientious shoppers looking to get the greatest value for their dollar,” said Aaron Latham, the interim director of law advancement at Alabama, which won the NCAA Bowl Championship Series football title last year.  Apparently they’re conscious in a parallel world to take on this type of debt in this contracting field, or they would not have decided to go to law school in the first place.

The idea of law school as “the great default” is hardly new. Law school has long been more attractive than business school or medical school to college graduates with vague career ambitions, Leipold said. He attributed that in part to the versatility of a law degree, which can translate into the corporate world, public policy or any number of other fields.  Of course not, but who continues to propagate that “you can do anything with a law degree” and prestige with it’ll work itself out. I will say that at this point it’s not all the legal industry faults, sure deans, professors, lawyers who graduated in prior generations are culpable but we have unwitting lay people who have this imagery no doubt fueled by the media and the entertainment industry of law being a fast-paced glamorous life with a fast track to financial success. One can see how bad it is when the article states that most 0Ls do not know the reality of the legal industry and therefore have no idea what they are getting themselves into.

However, the idea that law school is always a solid choice should be retired in light of the growing price of a legal education and the dimming jobs prospects, several critics said. He’s saying that idea does not hold true, step into the real world and there are no jobs. Drop out of law school while you can! Do you want to subject yourself to over $100,000 debt, putting off having a family, no available jobs, depression, psycho attorneys on projects who are mentally ill or became that way because of the mental-institution like environment encouraged by staff attorneys? (that’s if you get a contractual job). Or perhaps you will enjoy having a J.D. on your resume and being practially locked out of nearly every other field as being overqualified or your degree being to specialized or not considered a true doctorate where you won’t qualify for fellowships in the future unless, you guessed it you plan to go BACK to another graduate school after law school.

“People who haven’t done any investigation into what lawyers do are foolhardy to pursue law school,” said Zearfoss, the Michigan admissions dean. “Anyone using law school as a default should rethink that.” Oh my, I may have to take some of my previous words back, believe me this law school dean just called you a fool for attending law school at this point. The image of the bully Nelson pointing at you saying “ha-ha” popped in my head. No matter how raw the honesty, he doesn’t reflect the majority of law school academia, at least so far.

“In 15 years of teaching, I’ve known a lot of students who came here because they didn’t know what they wanted to do,” Tamanaha said. “A lot of this is about cyclical irrational decision-making. It’s based on a very human trait, which is overoptimism. For the people who have always wanted to be a lawyer, they should go to law school. For anyone else, it’s not a good decision.”

O.k., so you have been called a fool and irrational for attending law school, do not let your ego allow you to make likely one of the worst decisions in your life. 

“Just because you wish for something, doesn’t make it true.”  ●Disney’s The Princess and the Frog

Fleecing State Budgets From West to East Coast: Paying the Price for Law Schools’ New Campuses

SAN DIEGO, CALIFORNIA

This story first ‘broke’ October 29, 2008, with a series of concurrent press releases provided on the law school’s website here: New Campus Goes Live | Thomas Jefferson School of Law. This very first press release: states “We have the funds to complete this project,” Dean Hasl said to the cheers of the audience, acknowledging the turbulent financial climate.[Groundbreaking Story | Thomas Jefferson School of Law]. Interesting how the school decided just at the beginning of the current recession to move forward with plans to build the new campus for the law school. I am confident they do have the money–between state funds and their cut of student loan debt incurred by current and incoming law students.  Yesterday, a news magazine reported on the San Diego law school’s progress to schedule to open in 2011: [

Downtown’s New Law School | San Diego Metro Magazine July 6, 2010] and prior press releases attempts to excite the reader with archeological finds, the technological advanced construction of the building and an irrelevant statement regarding the school’s need to return to its roots:

While that question will require further examination, Rudy Hasl, dean of the 41-year-old law school since 2005, can say for certain that the new law school building — one of the newest structures in East Village — will offer state-of-the-art features that students will find fascinating when classes begin next January. These include a computer center, wireless access and audio video capabilities throughout the eight-story structure, expansive view terraces on the fifth and eighth floors and a roof that supports a 50 kilowatt solar array with 270 modules. The school is seeking LEED Gold certification for the building from the U.S. Green Building Council. Also included are two learning centers, a moot courtroom, two recording studios, five conference rooms, an executive board room and a 40,000-square-foot library with future space for a café, bookstore and a law clinic. Three levels of parking below the building will offer 177 parking spaces.

The Dean even brags about how his school is accredited. That’s a bragging right for a 4th tier school I guess.

Throughout most of these releases and articles, the speaker rarely mentions the benefit to potential law students and graduates and their potential to earn an income from this 4th Tier school [Rankings – Best Law Schools – Graduate Schools – Education – US News and World Report].

From what I have observed, it appears most institutions and companies do not invest in people. They invest in their institutions that are benefitted by people but will use them to the extent the bottom of the toothpast tube is flat, then toss. I often hear people say we need more engineers, but notice that alot of middle, high school and even some undergraduate universities do not invest in this quality education and training so our country becomes more reliant on non-Americans to improve our technologies. Of course, someone will argue that constructing a new building will help motivate new law students by giving them an enhanced educational environment. Yet, some of the most gifted and talented persons are from humble backgrounds, some of the most intelligent ones do not attend school and those who did, the focus was on gaining knowledge with the ability to tap into innovative ideas to improve their communities and economy. This was decades ago, now it seems that we have mistaken rennovation as innovation, that’s why the legal industry hasn’t changed with the times, but has worsened. Instead of taken cost-effective measures for law schools and law students, an elite few have decided that law school is a franchise. Anyway…

 Since these schools are state supported, I was curious as to the extent of state funds were granted to these fine institutions. Before we delve into this, let’s be reminded that according to a recent post at Above the Law, many recent law graduates are flooding government offices to volunteer for 2 available internships in one California county. [ ‘The Job Market Is Even Worse Than Many of Us Thought’ « Above the Law: A Legal Tabloid – News, Gossip, and Colorful Commentary on Law Firms and the Legal Profession]. That’s right, in one of the hardest hit states of the current economic recession, attorneys are flocking to work for free with nearly insurmountable debt has a  STATE funded school spending money on a pretty building, to match its shiny brochures.

When I was researching information concerning this one, I actually lost track of which law school I was researching, but here’s the list:

1. Stanford Law School
2. U.C. Berkeley – Boalt Hall
3. UCLA Law School
4. USC Law School
5. U. California Davis Law School (King Hall)
6. U. California Hastings Law School
7. U. of San Diego Law School
8. Loyola Law School
9. Santa Clara Law School
10. U. of San Francisco
11. Pepperdine Law School
12. U. of the Pacific (McGeorge)
13. Southwestern U. Law School
14. Chapman U. Law School
15. Whittier U. Law School
16. Golden Gate U. Law School
17. California Western Law School
18. Thomas Jefferson Law School

Earlier this year Thomas Jefferson School of Law breaks new ground, San Diego Law School was working to merge with California Western law school. (Let’s point out that according to one source, the Thomas Jefferson School of Law was simply a separate campus of California Western before it decided to become a separate entity). California Western is a for UCSD looking at a law school – SignOnSanDiego.com, January 28, 2010

Critics question whether the school could be self-supporting and whether there’s a mismatch between UCSD’s research focus and California Western’s emphasis on teaching. Some also doubt the need for such a school, considering there are already five UC law schools.

“I think this has more to do with the aspirations of the university than the people of San Diego saying there is a need for it,” said Patrick Callan, president of the National Center for Public Policy and Higher Education, an independent nonprofit based in San Jose. “If the argument is it eases faculty collaborations, what are the impediments for that collaboration now? The notion that you can’t collaborate unless you’re part of the same entity is absurd.” Even the head of the university disagrees with the law schools merger, though subtle: 

UCSD Chancellor Marye Anne Fox has not taken a position on the partnership, but said the project would only move forward if it enhances legal research while not undermining other university investments. She said it’s important that no public funds be spent on the school, at least for the first several years.“I wouldn’t approve anything in these tight economic times that were not completely self-supporting for the foreseeable future,” Fox said.

It’s like different law schools contract and expands, grows legs and repeat. Let’s focus, who’s paying for this new shiny campus amidst one of California’s most hemmoraghing budget deficit. There is no clear indication where all of the funds are sourced. Since it’s a public law school we’ll have to presume the State of California paid for a certain amount and the rest from endowments and profits made from student loans.

In the News: A New Unaccredited Law School Has Surge in Applications & Enrollment

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Strong start for UMass Law – The Boston Globe, July 6, 2010

Lower costs help to double size of first-year class

Yes, lower costs for an unaccredited law school lures unwitting 0Ls to mortgage their futures. Do they not know how slim the chances are for most lawyers who attend an accredited university to obtain jobs in this economy, let alone non-tier 1 law graduates from accredited law schools? The legal profession has become nothing more than a corporate veil.

NORTH DARTMOUTH — Applications and enrollment at the state’s first public law school have surged since the University of Massachusetts Dartmouth acquired the struggling Southern New England School of Law, an early sign that the controversial merger is off to an auspicious start. Sounds like a typical corporate merger and acquisition deal, you know business as usual. Let’s see when one company considers purchasing another it is likely for two reasons 1) company no. 2 is struggling and seeks to get rid of its product, in turn company no. 1 will probably get a tax write off and sell what assets it can to turn a profit OR 2) company no. 1 knows that somehow it can bilk what’s left of company no. 2 and put a spin on the merger to make it appear it’s a valuable asset again and secure new consumers to purchase its product with the prediction that in a few years it will return a profit. This is regardless of whether the product itself had any long-term value, which is why oft-times more money is spent in advertising and marketing (shiny admission brochures and course catalogs) than actually improving the product. This is also done regardless of whether a market is saturated. In general business, people throw ideas around, had it already been produced by another company it’s tossed out as “been there, done that.” Not with law schools.

Following years of pitched political battles to block its formation, the new University of Massachusetts School of Law received 462 applicants for this fall’s incoming class. That is more than twice the number who applied last year, when the school was a little-known private institution.  Even with staunch opposition, the failing law school was allowed to be recusitated though letting it die would’ve saved hundreds if not thousands of potential law students from a disheartening fate. One should wonder, is anyone listening, yes to the cash register.

The size of the first-year class is also doubling to 155. And students’ credentials, as measured by undergraduate grade point averages and LSAT scores, have risen, a feat for a school that has yet to be accredited by the American Bar Association, say university administrators. More than half of those accepted have decided to enroll. Should this statement be proven true, it either means the quality of higher education has reached a level of unimprovement or standards for admissions continued to be lowered. What is interesting is that many of the enrollees have competitive undergraduate records, yet CHOSE to attend an UNACCREDITED professional school. This makes no sense.

“Students are voting their confidence in the fact that we can probably get the accreditation,’’ Jean MacCormack, chancellor of UMass Dartmouth, who plans to seek the designation in 2012. Students are relying on their hopes that the school they attend will get accredited. They are taking a gamble where the stakes are highest on their future, not the schools. The law school will have recouped its investment via student loans, while law graduates (if they make it that far) will graduate with a substantial amount of debt, little job prospects and attendance to an unaccredited university on their resume. Someone push the ‘logic’ button please.

The new students are a nontraditional group, ranging from 21 to 59 years old. More than a fifth will pursue law degrees part time while continuing to work. Half are Massachusetts residents. Nearly a third are black, Latino, Asian, or Native American, the highest minority enrollment among Mass. law schools. The author attempts to make it appear that a third of incoming class is alot. It isn’t. Minorities have caught onto the game. Hopefully the spin on this article doesn’t attempt more students, especially minorities to take the bait to attend law school, especially this one! [see Law School Admissions Lag Among Minorities January 6, 2010 « Life’s Mockery]

And 39 percent will receive financial aid, including 25 students awarded a fellowship that covers half of the $23,565 tuition for committing to four years of practicing public service law upon graduation. 39% on student loans and only 25 OUT OF 462 students have a partial scholarship in which they have to work in a non-existent, low pay state/local level government job which won’t even cover their basic necessities after their initial deferment payment. Oh from an unaccredited law school, great investment right?

“The fellowship is a huge relief for someone in my position,’’ said Brandon Ferris, the 25-year-old victim-witness advocate. “As soon as this school became UMass, there was no question where I was going to go.’’ [emphasis mine] He’ll need a victim-witness advocate when he’s testifying about the student loan industry before Congress on Captiol Hill.

The public law school, whose tuition is about 40 percent less than what private law schools charge, formally assumed its new identity July 1. The school was decades in the making. Attempts to create it repeatedly faltered amid challenges from private law schools that said the state had enough law schools, questioned its financial feasibility, and were threatened by the more affordable competition. Yet, no one listened. Although I’m confident these law schools opposed this one for monetary reasons, like wanting to hoard potential law students for their own profit, at least they were right in asserting that the state had too many law schools.

Its existence, though, has not appeared to affect UMass Law’s primary rivals, including Suffolk, New England, and Western New England law schools. Suffolk saw a 2.5 percent increase in its applications for next year, with first-year enrollment holding steady at 530 students. These sound like unprecedented enrollment numbers, how can this be allowed?

Twenty first-year students are already on campus, getting a jump on law school with a criminal justice course taught by law school dean Robert Ward. In nine weeks over the summer, they will cover a range of topics from Fourth Amendment searches and seizures, to conspiracy and inchoate crimes.

Three weeks ago, Ward said, he worried whether some of his students belonged in law school. But he said he has found that the students have fewer academic challenges and possess better writing and analytic skills than students in previous years’ classes.  [emphasis mine]This professor even admits that the school admitted students who should not be attending law schools, but “at least they’re better than the prior class.” That doesn’t mean much except that many students in that prior class shouldn’t have been admitted either. I wonder whether more professor will have the courage to form a committee to make recommendations on limiting law school enrollment and types of students enrolled. Probably not, that will interfere with their sabbaticals and pensions.

Other supporters have stepped up as well to help build the law school’s future, which MacCormack has vowed would not cost taxpayers a cent. Charles Hoff, a venture capitalist, former UMass trustee, and UMass Lowell graduate, has pledged $210,000 in scholarships for needy graduates of any UMass campus to attend the law school. Key words: venture capitalist, thus a money making venture, investors are banking on the false hopes of newly enrolled students.

The new students said having a state law school makes a legal education more accessible. With the lower tuition, and fellowships for public service and high LSAT scores, some students believe they will graduate with little to no debt. Look how subtle this line is. The author implies, that’s what they believe but is not reality. Even with partial fellowships for those whopping 25 enrollees, interest and fees will mount and continue to increase as the student loan industry tries to recoup money it will lose due to the new federal regulations concerning subsidized loans. Law graduates will likely rely on parents, credit cards, forebearances and deferments for survival. That’s why the author states “some students believe they will graduate with little or no debt.” Belief is not reality.

Repeat After Me: ‘Too Often a Law Degree Today is a Bad Investment’

This is a great new mantra to have:’Too Often a Law Degree Today is a Bad Investment.’  Maybe the author of this article will feel enough sorrow for me to pay off my student loans. Anyway, I think the article speaks for itself and continues to echo the reality and dissent of law graduates (I only show a portion of the article):

http://www.keytlaw.com/blog/2010/03/law-school-bad-investment/

Too Often a Law Degree Today is a Bad Investment

By Richard Keyt, on March 14th, 2010

Last week I read a blog post entitled “University of Alabama School of Law Accepting Applications for LL.M in Taxation Program” on a law professor’s blog.  The ivory tower prof who wrote the post proudly announced not only the beginning of the new law school program, he also linked to a brochure about the new program, linked to a video about the new program, gave the class schedule and an email address at the University of Alabama where people could send messages for more information.  Makes me wonder why the prof is shilling so hard for the new program.  I suspect he thinks it is wonderful that more young lawyers will be able to  go deeper into debt to get a masters degree in tax law.  I’ve got news for him, the view from the ivory tower is much different than the view from the trenches where young lawyers must seek employment…

I found the following tidbits of information in the University of Alabama’s brochure about the new online LL.M. program: 

  • “The LL.M. in Tax Program has rightfully earned a reputation for being one of the best educational values available.”  The brochure does not offer any support for this bold statement of fact.
  • “we have assembled a “dream team” tax faculty”
  • Tuition will be between $25,200 and $26,490 for 24 semester credit hours.

I could not find anything on the law school’s website or in its sale brochure that discussed if having a master’s degree in tax law would help an unemployed lawyer get a job or an employed lawyer get a better job or make more money.  I am sure that the new program will make a lot of money for the law school. 

There is something terribly wrong with the higher educational system in general and the law school education system in particular.  What is wrong is that these education systems are misleading young people into incurring massive debts to pay for degrees that many times do not justify the investment.  See “Mamas Don’t Let Your Babies Grow Up To Be…Lawyers.”  Law schools are at the top of the student abuse chain because of the staggering cost for a year of school.  One hundred and sixty-five law schools charge more than $20,000 a year for tuition.  One hundred and one laws schools charge more than $30,000 a year for tuition.  See the table comparing law school tuition.  If a student can get by with room, board, books and incidentals of $15,000 a year, the cost for three years of law school is: 

$20,000/year tuition = $35,000/year = $105,000 total
$30,000/year tuition = $45,000/year = $135,000 total
$40,000/year tuition = $55,000/year = $165,000 total 

Here are the monthly payments at six percent simple interest paid over 10 and 20 years for the above-three debt amounts: 

$105,000 debt = $1,160 and $749
$135,000 debt = $1,491 and $962
$165,000 debt = $1,823 and $1,176 

I feel very sorry for young people graduating from law school in these difficult economic times.  More often than not they have been mislead by their law schools into believing that a law degree is a ticket to a great paying job.  Why aren’t the law schools required to give exact graduate job hiring and salary statistics?  Even though ivory tower guy and the intellectual elites that teach and run the nation’s law schools are putting their collective heads in the sand because it all boils down to big money in the pockets of the law schools and their faculties, the media and other people are starting to notice the problems with legal education in the United States.

I see a bit of  Nando/Third Tier Reality and Esq. Never in this article-with your breakdowns and estimated financial calculations. Anyway, this article is pretty much self-explanatory, should enough people keep saying it potential law students will finally accept it. It works when you are lied to, so maybe it’ll work when they realize bloggers are telling the truth.

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