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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...

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...

Just how many law grads become lawyers?

The primary purpose of law school is to train lawyers—that seems to make sense.  But recent data indicate that a surprising number of law school graduates do not end up practicing law straight out of school.  Prof. Brian Tamanaha, who writes frequently about legal education, portrays these...

The Coming Crash in Legal Education

That’s the title of a new article from University of Baltimore Law Professor Richard Bourne, detailing the long slow train wreck that the combination of the rising costs of legal education and the stagnant-to-receding market for legal jobs has engendered.  Like any train wreck, it’s not a...

Law grad employment numbers keep getting worse

The National Association for Legal Career Professionals (NALP) has issued its findings and analysis of employment trends for the law school class of 2010, and it’s almost all bad news. The annual NALP hiring report examines the employment status of law grads in February, nine months after graduation. ”[A]t 87.6%,...

And now for something completely different

Well, not so much.  Another view of just how big impact an impact the economy is having on Law World.  Only this one encourages (hopes for?) a phoenix to rise from the ashes. The silver lining, if there is one, is that the legal world may be inspired to draw...

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...

The future of the legal job market

Prof. Brian Leiter of the University of Chicago Law School is one of the foremost observers and commentators on law schools.  His blog is worth following for a number of reasons, but this post in particular speculates on the future of the big law firm world.  In the comments, you’...

No joke: More on law school employment numbers

Yesterday, I might have fooled some of you with my “LSAT waiver” prank, but today, I am forced to be serious again.  It’s about those post-grad legal employment numbers.  “Bleak” continues to be the best word to describe the job market for new lawyers, and it’s...

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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