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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...

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...

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...

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’...

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’...

Guest post: Recent law grad (and UMass alum) shares some tough realities

A relatively recent law grad and UMass alum (ISOM, mid-2000’s) contacted me earlier this month with a desire to share with prospective law school applicants from UMass some of the harsh realities he’s faced as a new attorney in today’s economy.  I asked him to write up...

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...

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...

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%,...

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...

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