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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...

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...

Another reality check on legal careers

This article from Ari Kaplan, published in the National Law Journal, doesn’t just analyze why so many people go to law school without thoroughly researching their choice (especially the financial impacts).  He goes further to examine some of the traits of the truly successful lawyers—and it has nothing...

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...

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...

Guest post: Alum/recent law school grad working in tax law

Seamus Brennan graduated from UMass Amherst in 2007 with a B.A. in Political Science and a minor in History. He received his law degree from Rutgers-Newark this past May, and now works in the international tax law division of a prominent financial services firm.  Seamus recently contacted the Pre-Law Advising...

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...

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...

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...

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...

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