Posts Tagged ‘tough market’

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…

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*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.

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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 

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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

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.