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And so it begins….

The New York Times reports: You know things are bad when even lawyers are getting laid off. In downturns of years past, law firms exploited corporate failures and bitter, protracted lawsuits to keep busy and keep billing. But in this still-unfolding crisis, the embittered and the bankrupt have been relatively...

Legal employment and its discontents - UPDATE 8-19

Another recent article on legal employment (or the lack thereof) and who’s to blame. The bottom line, from my perspective: before you invest $100,000+ in law school, make darn sure it’s worth it to you, given your current circumstances and your specific aspirations for legal practice.  Research, research, research. ...

"I'm a self-starter and a real people person!"

It’s the top cliché of job interviews everywhere (right up there with “I think my only real weakness is that I’m a perfectionist”), but it’s also what it takes to be successful as a lawyer.  That’s always been the case, but all the more so these...

What’d I miss? Second half of July 2014

An occasional roundup of all our social media posts, reposts, shares and retweets. (Click on the little logos up there on the top left for all our various virtual hangout locations.) Profiles of Bostonians focusing on their educational debt. Executive power is kind of a big thing these days, what...

The job market for lawyers: what's the future?

It’s so hard to know the job market for lawyers will be like in the next few years.  The economic downturn has thrown most sectors into turmoil, and it’s anybody’s guess what will happen in LawWorld.  The received wisdom is that lawyers do well in bad times...

Choosing law schools: prestige and the bursting of the BigLaw bubble

Excellent article from Prof. William Henderson of the Indiana University School of Law, analyzing the potential impact of the financial crisis (and its attendant effects on the large law firms) on the relative marketability of different law schools’ grads. Most large law firms are very sensitive to pedigree, though you...

Legal careers: what to believe?

An unprecedented amount of attention is being paid to the job prospects and salaries for new attorneys, changes in the legal profession, and changes in legal education.  Much of it offers a bleak assessment of the job market for newly minted attorneys, and an even dimmer view of the cost-benefit...

More financial food for thought

Two more recent articles continue to paint a bleak financial picture for law world. Many recent law graduates finance their bar prep courses—and the eight to ten weeks of study post-law school with private loans.  A recent article on law.com tells how those loans are now becoming harder...

Tuition goes up while job availability goes down

And yet people keep fooling themselves into believing that a brand name diploma is worth the cost.  It’s not, of course. But you are a UMass student or alum: you’re way too smart to buy that marketing ploy line of reasoning.  You know that when it comes to...

New law school employment data index

The good folks at Law School Transparency (LST) have published a new index of law schools evaluating their transparency with regard to their employment numbers.  LST staff reviewed the websites of every ABA-approved law school during the first week in January 2012, and evaluated how forthcoming each school is with...

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