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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...

Best time ever to pursue public interest law

Even though Harvard just ended its free tuition program for public interest lawyers, they, as well as many other schools, still have a very generous Loan Repayment Assistance Program (LRAP), and public interest lawyers from any law school can take advantage of the federal College Cost Reduction and Access Act. ...

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...

New guide to law schools for public interest/public service

Equal Justice Works, the national organization for public interest law students and lawyers, has released a new resource that allows prospective students to compare law schools based on criteria important to those pursuing careers in public interest or government.  The online searchable database provides information about tuition costs, public interest...

Law school debt and law jobs

Yet another article, this time in the New York Times, telling you what you should already know if you’re a regular reader of this blog: law school is expensive and law jobs are not as plentiful as they once were. Do your homework before you take the plunge. From...

What’s it worth to ya?

So there’s this raging debate in law world now about the value of a law degree.  Some law profs are arguing that it’s a million dollar degree.  Others are taking issue with that claim. Who’s right, who’s wrong, and what does it mean for...

The Future of Lawyer Hiring, Development and Advancement

NALP (formerly the National Association for Law Placement—the leading research and professional resource on law careers) is convening a series of roundtables to discuss a number of aspects of the future of lawyer training and job development.  Each panel is made up of law professors, law school deans, hiring...

It just gets uglier

From today’s New York Times, Downturn Dims Prospects Even at Top Law Schools. This fall, law students are competing for half as many openings at big firms as they were last year in what is shaping up to be the most wrenching job search season in over 50 years. There’...

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...

The Future of Legal Education

Excellent, thought provoking article (PDF) from New York Law School Dean Richard Matasar in the New York State Bar Journal. Dean Matasar provides a concise account of the economics of legal education and legal employment currently and into the future.  I strongly recommend it for all who are weighing a...

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