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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...

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...

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...

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...

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...

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 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 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’...

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...

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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