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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...

My applications are in, what do I do next?

Once your applications are in – including your letters of recommendation, Dean’s letters (if necessary) and transcripts, you get to relax a bit.  You will want to check in with each law school to make sure that they have your complete application, if you haven’t already heard from...

Do I have to apply for financial aid?

Q: I don’t expect to qualify for any need-based scholarships.  Do I still need to fill out the financial aid applications?A: Yes.  It’s a pain, but unless you’ve got your full law school tuition squirreled away somewhere, you need to fill out the FAFSA...

Wisdom from the financial aid panel

Summary of panelists’ presentations from the recent workshop on law school financial aid issues:What kinds of financial aid are available?Need-based aid (mainly Stafford loans, up to a Congressionally specified sum, currently around $20K), private loans, and merit-based aid.What forms do I fill out to apply for need-based...

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...

You are moving toward a future you are creating

Catapult 2013 (+ 2 months) or How a one-day conference reignited my excitement about the future of law In mid-April, I attended a conference in San Francisco entitled, “Catapult 2013: Tools for a 21st Century Legal Career.” It was an inspiring day of meetings, presentations, workshops and informal conversations, and I fully intended to...

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...

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...

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...

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%,...

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