Friday, April 27, 2012
Who to Believe Regarding the Legal Job Market: Selfish, Fundamentally Dishonest Law School Pigs or Social Commentators?!
On April 21, 2012, some shill named David Ranii wrote an article for the Charlotte Observer under the headline “N.C. law school graduates face tough job market.” Overall, the tone is irrationally optimistic and simple-minded. Here is an excerpt:
“Barry Porter, 26, who is about to graduate from N.C. Central and has two job offers on the table, said his debt of approximately $100,000 weighs on him even though he has no regrets about going to law school.
“I feel like it was the right decision,” said Porter, who grew up in Atlanta. “I have a passion for law.”
The new reality facing graduates means simply having a stellar resume and academic record is no longer a guarantee that you’ll land a job with your desired firm or in your desired field.”
David, it is okay to be critical, i.e. YOU don’t need to lick the pigs’ genitals, when reporting on their industry. This “journalist” apparently believes the law school cockroaches’ lie, i.e. “Students are upset because they are not guaranteed a dream job, in their field.” By the way, Barry Porter cannot really be that dense, right?!?! The article went on:
“Although it may be hard for some frustrated third-year students to believe, law school officials say that the market for new lawyers does seem to be improving.
“There seem to be more opportunities; there seem to be more interviews,” NCCU’s [Linda] Wendling said. “There are (fewer students) coming in and crying. I haven’t had a crier yet, which I have had in the past.”
Hello, you red-headed butter cow. Don’t break down in tears because I posted a link to your faculty page.
On April 25, 2012, Baltimore Sun reporter Jenn Ladd authored a cover story labeled “Law School Letdown.” Here is a telling portion:
“Combined, UB Law and UMd Law graduated just under 600 J.D. candidates in 2011, the schools reported. [assistant dean at UB Law's Career Development Office Jill] Green, contends that the legal market nationally and in Maryland is not over-saturated. "The problem is not too many lawyers, the problem is the inability to provide low-cost or moderate-cost legal services to those who need it the most," she said.” [Emphasis mine]
Why would a $elf-intere$ted law school employee make such a claim?!?! This is a blatant lie, Jill. After all, Economic Modeling Specialists Inc. found Maryland to have the NINTH MOST GLUTTED LEGAL JOB MARKET, in the nation.
The Critical View:
On April 10, 2012, Jordan Weissmann wrote a piece for The Atlantic entitled “The Wrong People Have Stopped Applying to Law School.” He notes that, for 2012, those with higher LSAT scores are declining to apply to law school at a much higher rate than the waterheads who scored below a 145. Here is an excerpt:
“Among the many unfortunate developments in higher education over the past decade, one of the most talked about has been the law school bubble. In the heat of the recession, a record number of students decided that it would be a good idea to dive six-figures into debt for a shot at a legal career. Many were lured with utterly misleading job placement stats, as well as a stubborn misperception that law was still a safe career choice, that a J.D. even guaranteed a living wage. Once they graduated, many realized otherwise.
Last month, the Law School Admissions Council (a.k.a., LSAC) published data indicating that the bubble finally seemed to have popped -- a merciful development, as I put it at the time. The number of LSAT tests administered has plummeted over the past two years, and fewer students are accepting admission. This is a happy turn of events. The fewer grads being funneled into an super-saturated industry, the better. (Full disclosure: I used to work for a law firm.)” [Emphasis mine]
Isn’t it nice to see such a critical article appearing in The Atlantic, with regards to the law school scam? Weissmann concludes his ass-kicking piece, with the following:
“So the smart kids got the memo. Law school is largely a losing game, and they're not going to play, even though they can probably count on a better hand than most. Meanwhile, the number of laggards applying has barely budged.
Maybe that's just what makes the smart kids the smart kids.” [Emphasis mine]
Let’s see how these numbers affect the lower-ranked commodes. Expect to see an increase in the numbers of borderline students enrolled as first year law students, in the near future.
Elie Mystal churned out an ATL entry titled “If You Are Still Applying to Law School, You Might Be an Idiot.” He does not feel that these numbers will have much impact on ABA-accredited sewage pits and trash heaps.
“Evidently, the decline in LSAT takers will not hurt the bottom-feeding law schools that much. That’s because the low-hanging fruit that they pick off are still out there in abundance. I don’t think that the LSAT is a particularly good measure of anything, but not being able to break 140 on it is probably a decent indication that you can barely read (and even when you sound out the words you don’t learn anything from them).
Which is probably why those people are still eager to apply to law school. When they read a blog post saying, “LAW SCHOOL WILL STEAL YOUR MONEY,” they understand, “School will turn you money into steel, which is even more valuable than paper.”
Conclusion: Seeing that law school swine have a tendency to lie, why should anyone believe their claims about the job market? Keep in mind that these bitches and hags were claiming that the recession should end around 2012. Self interest clouds judgment. When the people involved have no moral compass or integrity - and are part of a fundamentally corrupt system - then they will do and say whatever they can, in order to cover their asses.
Posted by Nando at 7:47 AM
Monday, April 23, 2012
Tuition: For the 2011-2012 school year, Texas residents entering this dung heap as first year, full time law students were charged $22,339 in tuition and fees. Non-resident, full-time law students - who chose to live in Texas for three years, starting in Fall 2011 - were hit with a big-ass tuition and fee figure of $30,829. Who says that public schools are affordable?!?! Also, apparently these pigs cannot be bothered to post their 2012-2013 tuition rates online, as of today’s date.
Total Cost of Attendance: According to this same document, the school estimates that room and board, books and supplies, transportation and miscellaneous expenses will add up to another $14,372. These costs seem ridiculously low. For example, the school published nine-month transportation costs as $2,000, while room and board comes out to $8,606. Did the school determine that the average TTTexa$ TTTech law student would be living with five roommates - or in a broom closet - and subsisting entirely on Ramen noodles and peanut butter and jelly sandwiches?!
Regardless, I will determine a twelve month total, relying on this commode’s nine month figures - since actual law students will require expenses, over the course of the entire year. I will not change the amount for books and supplies, since most students will not take summer courses. As such, we can calculate a more accurate total COA - for those who matriculated during the 2011-2012 school year - as $41,102 for Texas residents and $49,592.
Ranking: With such costs, surely the school’s reputation must be pretty formidable, right?!?! Well, some vagina named Bob Morse at US “News” & World Report ranks Texas Tech University Sewer of Law as the 101st most magnificent and prestigious law school in the land. In fact, this particular ranking is so phenomenal, Morse also conferred this ranking on four other commodes, i.e. St. Louis University, University of the Pacific, Villanova, and West Virginia.
Supposed Employment Placement and Starting Salary Data: The school asserts, in its March 2011 newsletter, that 97.26% of its JD Class of 2010 was employed within nine months of graduation. Under the section labeled You Should Know…
“Employment Statistics: While other law schools experienced drops in employment statistics for their graduates, Texas Tech University School of Law’s employment numbers are up this year. Professionals in the Career Services office worked closely with students to help find jobs after graduation which resulted in a nine-month employment rate of 97.26% for the Class of 2010, up approximately 8% over the Class of 2009.” [Emphasis mine]
Does anyone with an IQ above room temperature believe that this third tier commode law school’s employment placement rate legitimately increased by 8 percent, in the course one year, while the nation is in the midst of an economic bowel movement?!?!
For the Class of 2011, the school claims that only 89.5% of this cohort was employed, within nine months of graduation. Imagine that, people! The school (allegedly) experienced a one year bump in jobs, for its graduates - and then it returned to normal levels the next year. That is uncanny, huh?!?!
Scroll down, to look up data under Size of Firm, for the Class of 2011. You will note that 99 reported working in private law firms. (In employed by job type, the school places this figure at 101.) Out of the 99 listed, six were in solo practice, 52 reported working in firms of 2-10 lawyers, 22 were employed in firms with 11-25 attorneys. Only three were hired in law firms of greater than 101 attorneys. Those at larger firms reported their salary data, at a higher rate. This does not come as a surprise to those familiar with statistics, as we know that more successful grads are always more likely to supply their income.
Average Law Student Indebtedness: US “News” lists the average law student indebtedness - for those members of the TTTexa$ TTTech Univer$iTTTy JD Class of 2011 who incurred debt for law school - as $62,561. Furthermore, 75 percent of this school’s 2011 class took on such toxic debt. This figure does not take undergraduate debt into account.
Faculty and Administrator Compensation: Once again, we can thank Collegiate Times, for furnishing salary data for pigs and cockroaches employed as “professors” and administrators - at public institutions. The following data applies for the 2010: William Loewy raked in $301,410, as George R. Killam Jr. Chair of Criminal Law. Suraya Fortney, who is now a “law professor” at Maurice A. Deane Sewer of Law at Hoftra University, made $276,646 at Texas Tech - for one year’s “work.” Gerry Beyer rolled in $195,360, in his capacity as something called the “Governor Preston E. Smith Regents Professor of Law.” Lastly, John Kramer “earned” $190,450, as “Professor of Law and Foundation Professor of Commercial Law.”
Conclusion: There are nine ABA-accredited law schools in the state of Texas. Only one of those schools has anything resembling a national reputation. It happens to be located in Austin, not Lubbock. In the final analysis, you don’t need a law degree from a place that people confuse with ITT Technical Institute, a.k.a. ITT Tech. You DO NOT NEED to incur an additional $65K-$90K in NON-DISCHARGEABLE debt, in order to have a TTT credential behind your name.
If you are considering this trash heap, then you need to review the costs and possible - but unlikely - reward or payoff. Law school is a FINANCIAL DECISION. It is one can limit your ability to purchase a home, get married or start a family. In many cases, it can lead to personal ruin. If Boomer swine cry or bitch about looking at this from such an angle, keep in mind that they are greedy dogs who have contributed heavily to many of our country’s economic problems. Look at the salaries of the “educators” above. Do you want to contribute to their lavish income, lifestyle, and pension - by becoming a debt slave?! In the end, these gluttons do not give one damn about your future. They get paid up front, in full - regardless of your outcome. You are left holding the bag of student debt.
Posted by Nando at 7:02 AM
Tuesday, April 17, 2012
Tuition: Kansas residents attending this school on a full-time basis, for 2011-2012, were charged $16,459.90 in tuition and fees. Out-of-state, full-time law students at the University of Kansas faced an amount of $28,648.60, in tuition and fees, for the 2011-2012 academic year.
Total Cost of Attendance: According to this same document, the school maintains that room and board, personal expenses, transportation costs and book will add another $17,218 to the tab. As such, the school estimates that Kansas residents, who enroll full-time at the law school, needed $33,677.90. Non-residents required $45,866.60, in total costs. However, keep in mind that the commode only considers nine-month living expenses.
Seeing that an actual law student will require twelve month living costs, we can determine a more accurate total COA figure of $39,049.90 for in-state, full-time law students. For non-resident, full-time law students, this figure would come out to $51,238.60. Who says that state schools are affordable?!
Ranking: At such rates, surely this school has one hell of a reputation in the legal and academic community, right?!?! Well…Pussy Bob Morse and the shills at US “News” & World Report rate the University of Kansas Sewer of Law as the 89th greatest, most remarkable and breathtaking law school, in the United States! In fact, it shares this distinct honor, with the following six breadwinners: DePaul, Hofstra, Indiana University-Indianapolis, Arkansas-Fayetteville, Louisville, and Nebraska.
By the way, this turd has sunk further down the rankings, in the last couple of years. Check out this excerpt from Andy Hyland’s March 13, 2012 article, in the Lawrence Journal-World, entitled “KU’s law school drops again in national rankings, while 12 programs make top 10”:
“U.S. News and World Report released new rankings for graduate programs on Tuesday, and while Kansas University had 12 programs ranked in the top 10 among public universities, its School of Law, hampered by slumping employment numbers, dropped into to a tie for 89th overall.
The law school, which dropped 12 spots in 2011, dropped another 10 this year. Stephen Mazza, KU’s law dean, said a dip in employment numbers was to blame.” [Emphasis mine]
Yeah, sure the job market is solely to blame for the drop in rankings – and student debtor advocate Cryn Johannsen just ran her size 8 soles down my back!
Supposed Employment Placement and Starting Salary Figures: The school claims that, of those for whom employment status was known, 85 percent of the JD Class of 2010 was employed or enrolled in graduate school. For $ome rea$on, the toilet does not provide a more detailed breakdown of the numbers. Of those who were unemployed – presumably nine months after graduation – eight people were allegedly not seeking a job.
Notice that the cesspool published an overall median starting salary figure of $55,000. However, only 102 – of the 165 for whom employment status was known – bothered to furnish salary data to the school. Scroll down and you will see that 77 grads from this class entered private practice. Of this figure, four worked as desperate solos – while 15 were employed in firms of 2-10 attorneys. Furthermore, an additional 15 worked in firms of 11-25 attorneys. Were you planning on working in Biglaw, upon graduating from this stench pit?!
Average Law Student Indebtedness: USN&WR lists the average law student indebtedness - for those members of the University of Kansas JD Class of 2011 who incurred debt for law school - as $41,574. Fully 80 percent of this school’s 2011 class took on such toxic debt. While this figure is not atrocious, remember that this figure does not take undergraduate debt into account.
Faculty and Administrator Salaries: Thanks to the Wichita Eagle, for providing a link to the state employee salary database. The eunuchs at the Kansas City Star failed to produce this listing. Let’s see how well the pigs are doing, in comparison to the students and recent grads. On page 2, you will notice that Dean Stephen Mazza made $250,000 in 2010.
On page 4 of this database, note that Rakesh Kumar Bhala raked in $199,417 – as Associate Dean for International and Comparative Law/Rice Distinguished Professor. Also on this page, Michael Hoeflich “earned” $199,332 as something called the “John H. & John M. Kane Distinguished Professor of Law.” On his faculty profile, listed under Representative Publications, you will see that this world-beater wrote an article entitled “Roman & Civil Law & the Development of Anglo-American Jurisprudence" – in 1997. Why isn’t this guy making bank, as a law firm partner?!?!
Conclusion: The University of Kansas School of Law is an overpriced public commode. While the school may feature a strong semi-pro men’s basketball team, do not expect a KU law degree to bolster your financial position. In the final analysis, family, political and business connections count for a hell of a lot more than “hard work” or determination. If you have your heart set on being a lawyer, then you should realize that you will need to practice in Kansas or Missouri. This is a second tier sewer, with a regional reputation. DO NOT attend this school, if you expect to be an attorney in another area of the country.
Posted by Nando at 6:27 AM
Wednesday, April 11, 2012
The Smell of Foul Desperation: Third Tier Trash Pit Stetson University College of Law Extends Its Application Deadline to July 1st
“Stetson University College of Law
Application Deadline Extended to July 1
Accepting June LSAT scores • Application Fee Waived
Earn your law degree in a balanced environment with the nation’s #1-ranked advocacy program, outstanding professors and a friendly atmosphere. With full-time and part-time programs, Stetson prepares lawyers through practical experience, leadership training and public service.
Stetson Law offers concentrations in advocacy, elder law, environmental law, and international law, as well as outstanding clinic and internship opportunities. An excellent legal education prepares students to effectively seek justice in the world – we offer outstanding study abroad programs in eight countries.
Take a virtual tour of our campus • www.law.stetson.edu/tour
What a putrid embarrassment. Look, the school was able to employ “outstanding” twice in one short paragraph. Use a thesaurus, morons. By the way, how many of your recent grads are practicing “international law”?! When a school proudly proclaims that it prepares attorneys to go into “public service,” you KNOW that it is a trash heap.
When I first read this, I laughed my ass off, for a solid five minutes. Does this TTT offer conjure up images of used car salesmen barking at you, on late night commercials?!?! “Come right in! We’ll give you the best deal in town!! Poor credit?! No credit?! No problem! We finance EVERYONE!! Come by bus or taxi, and leave in a beautiful “previously-owned” vehicle, at a GREAT deal!”
Tuition and Fees: Notice how the bitches and hags list tuition, by semester. According to the commode, full-time students at this dung pit will pay $36,168 in tuition and fees – for the 2012-2013 school year. Part-time law students at Stetson “University” will only be charged $25,068, for 2012-2013. What a bargain, huh?!?!
Total, Estimated Cost of Attendance: The cesspool provides an estimated student budget, for its law students/victims. Does anyone else see the school estimates that nine-month rent will only equate to $5,974? Are these students going to have five roommates, or live in a broom closet? (Apparently, they will also not eat very much, either.) Then again, the school mentions the following, in the fine print: “The Fall/Spring budget for new students is based on a nine-month period living with double occupancy accommodation.”
Since the dung heap provided summer costs, I will use their figures to determine twelve month COA, for a full-time $TTTeTTT$on law student – for 2012-2013. To be fair, I will not count summer tuition and fees, or books and supplies – since most will presumably not be taking summer courses. Relying on this data, a full-time law student can expect a total COA of $63,009, for the upcoming year. If you have a spouse or children, these costs will be significantly higher.
Ranking: As you can see, US “News” & World Report rates $TTTeTTT$on Univer$iTTTy Commode of Law as the 119th most majestic, astounding and prestigious law school in the entire nation! At that level, why aren't the pigs charging $40K, in annual tuition?!
Pathetic Employment Placement Rate: On the toilet's supposed "Quick Facts" page, the school published the following: "For 2010 graduates whose status is known, 84.9% were employed or enrolled as a full-time student as of February 15, 2011." [Emphasis mine]
Average Law Student Indebtedness: While this school is a third tier piece of trash, at least it is in the first tier – when it comes to average law student debt!! US “News” lists the average law student indebtedness - for those members of the Stetson “University” JD Class of 2011 who incurred debt for law school - as $133,082. Based off this document, 88 percent of this school’s unfortunate 2011 class took on such toxic debt. Keep in mind that this figure does not take undergraduate debt into account.
Conclusion: Does it surprise anyone to see a true ABA-accredited sewage pit resorting to these measures? With fewer applicants, lower-ranked toilets will need to lower their already pathetic admissions “standards.” The stooges at Stetson are now waiving application fees. On the school’s tuition and fees page, the commode points out that the $55 fee is non-refundable.
The school is now implicitly encouraging potential law students to take the LSAT, at the last minute. If you have your little heart set on being a lawyer, then you owe it to yourself to investigate the job prospects, the overall U.S. legal market, and the total cost. In the end, attending a low-ranked law school/diploma mill is a terrible gamble – one that falls squarely on the shoulders of the student. The debt is NON-DISCHARGEABLE, and the schools and banksters do not take on any of the risks. It will be interesting to see if this dung heap accepts students with 144 LSAT scores, in order to fill its desired enrollment. Going to an expensive third tier toilet, in a shrinking field, is NOT going to improve your financial situation.
Lastly, the person who sent this info to me took the LSAT two years ago. That individual said it would be okay if I mentioned that info, on this entry. How do you spell desperation?!?! If the schools felt that soliciting senior centers and graveyards for applicants was profitable, then they would do so.
Posted by Nando at 10:55 AM
Monday, April 9, 2012
Fewer Take the LSAT and Apply to Law School, But This Will Not Lead to a Significant Drop in Law School Enrollment
Fewer LSAT Exams Taken in 2011:
On January 22, 2011, Paul Caron - of the University of Cincinnati Commode of Law - posted a blog entry labeled “LSAT Test-Takers Down 10%, Law School Applications Down 12%.” Here is an excerpt:
“The Law School Admission Council reports that YTD 2010-11 LSAT test takers are down 10.0% from 2009-10 (albeit the 129,414 test takers is the second largest YTD testing volume in history). Fall 2011 law school applications are down 12.2% (and applicants are down 12.5%).”
On December 16, 2010, the douche-bags at the Admissions Accepted Blog posted an entry on the smaller number of LSAT test takers. The piece was entitled “LSAT Numbers Down, But Not Really…” Here is the opening paragraph:
“While the October 2009 LSAT boasted the single largest administration of the LSAT ever, the October LSAT this year did not continue this upward trend. As reported by Most Strongly Supported, the number of test takers this October decreased by 10.5% from last October, yet this turnout was still the “second highest single administration in the history of the test.”
LSAT Tests Down for the Second Year in a Row:
David Segal wrote another piece on the law school cartel, for the New York Times, on March 19, 2012. This editors employed the headline “For 2nd Year, a Sharp Drop in Law School Entrance Tests.” Here is an excerpt, following Segal’s observation that “Legal diplomas are apparently losing luster”:
“The Law School Admission Council reported that the LSAT was given 129,925 times in the 2011-12 academic year. That was well off the 155,050 of the year before and far from the peak of 171,514 in the year before that. In all, the number of test takers has fallen by nearly 25 percent in the last two years.
The decline reflects a spreading view that the legal market in the United States is in terrible shape and will have a hard time absorbing the roughly 45,000 students who are expected to graduate from law school in each of the next three years. And the problem may be deep and systemic.” [Emphasis mine]
I recognize that many academic serpents will argue that the schools could not anticipate the effects of the 2008 economic collapse. (In reality, this signified a fundamentally restructured U.S. economy. Then again, you can’t expect the pinheads to understand this concept.) However, when the schools have overproduced lawyers - for decades - it is foreseeable that any long-term economic downturns, or restructuring, will wreak havoc on recent grads, and the industry.
Look at this ABA chart, which CLEARLY shows that student enrollment continues to increase. For the 2009-2010 academic year, ABA-approved dung heaps enrolled a total of 154,549 students - and pumped out 44,004 graduates. For $ome rea$on, the rats and cockroaches at this organization have not yet published the figures for the 2010-2011 school year. From 1980-1981 to 2009-2010 - a span of 30 years - these bitches and hags awarded 1,161,863 law degrees. Does anyone feel that this is ethical?!?!
Applications Down Roughly 26.3 Percent, From Two Years Ago:
An anonymous “professional LSAT tutor”/tool posted an April 8, 2012 entry tagged “Law School Applicant Numbers/Applications in Steep Decline.” This shill points out the following:
“Applicant numbers are down 15.6%, and applications submitted are down 13.6%, according to data submitted through 3/30/12.” [Emphasis mine]
Too bad, this figure will not directly translate to 13.6 percent fewer tenured “law professors” - at ABA-accredited trash heaps. Here is the author’s concluding segment:
“In short, we've already seen a 25.8% decrease in the number of LSATs administered over the past 2 years.
Now, we're likely seeing something close to a 26.3% drop in the number of law school applicants, and a 24.6% decrease in the number of law school applications submitted over the past 2 years.” [Emphasis mine]
Does anyone with an IQ above 75 believe that this will equate to 24.6% fewer law students in the entering Fall 2012 law classes, compared to those who matriculated in August 2010?!?! Also, if the schools end up decreasing their class sizes by a nominal amount, then expect tuition increases to make up some of the difference.
Conclusion: The law school pigs will not lower their incoming class sizes, in any meaningful way. A few toilets will “voluntarily” decrease their first year cohort. (This is a mere publicity stunt, in order to show the public that the school cares about keeping its supposed “standards.”)
Expect the commodes and sewers of law to LOWER THEIR “STANDARDS” FURTHER. Don’t be surprised to see somewhat “respectable” schools start accepting Pottery majors with 3.1 UGPAs, and 143 LSAT scores, in the next few years. I can imagine the admissions committee mulling over such an applicant:
“Look at this guy. He made a detailed mold of his girlfriend’s hands and feet…with clay!! We need this applicant’s creativity and skill. Plus, we might be able to count it as a diversity enrollment. Yeah, his test score is pretty low, but we also know that the LSAT does not always determine who will become a good lawyer.”
Posted by Nando at 6:56 AM
Wednesday, April 4, 2012
Law Professors Finally Get Off Their Ass, and Mention This Problem:
On Saturday, March 24, 2012, Brian Tamanaha, professor at Washington University in St. Louis, wrote a piece on Balkinization, under the banner “The Quickly Exploding Law Graduate Debt Disaster.” Here is his opening paragraph:
“The average indebtedness figures for 2011 law graduates are stunning. Last year, 4 law schools had graduates with average debt exceeding $135,000. This year 17 law schools are above $135,000. Last year the highest average debt among graduates was $145,621 (Cal. Western); this year the highest average debt is $165,178 (John Marshall). Below are the 20 schools with the highest average law school debt among graduates (these figures do not include undergraduate debt).” [Emphasis mine]
This is truly troubling, for the law students and recent graduates. After all, the banksters and “institutions of higher education” bear NONE of the risk, in these transactions. Tamanaha continued:
“What's remarkable is that the majority of graduates from these law schools - with the exception of Northwestern - do not obtain jobs with salaries sufficient to make the monthly loan payments due on the average debt. At some of these schools 90% or more of graduates with debt do not earn enough to make the loan payments on this level of debt (not all indebted students will carry the average debt).
This refutes the view of one moronic, current Hofstra Law student, who told me that many will be able to repay such huge debt figures. Then again, this same tool stated that "Law is absolutely an honorable profession." Tamanaha concluded his article, in part:
“Thousands of 2011 law graduates across the country will not earn enough to manage the debt they incurred to obtain their law degree.
When will law schools decide that they cannot continue to inflict ever increasing levels of unmanageable debt on their students? At the very least, the admissions offices at law schools across the country should explicitly warn students that anyone who expects to incur law school debt above $100,000 will likely suffer financial distress upon graduation unless they land a NLJ 250 job or a public service job that qualifies for reduced loan payments--and admitted students should be told that relatively few graduates get these jobs. Unfortunately, we cannot count on law schools to provide this message--which, if effective, would result in some schools closing their doors for lack of enough paying students. [Emphasis mine]
If the law school swine had ANY integrity or moral compass, then they would provide such a warning to potential applicants and students. However, it is CLEAR that these academics simply do not care how many students and graduates they consign to a lifetime of debt servitude.
On his March 25, 2012 entry, “The blue pill,” professor Paul Campos notes the following, while citing to the 2013 edition of US “News” & World Report’s law student indebtedness rankings:
“[L]aw schools have become absurd and corrupt and simply crazy places, as illustrated nicely by the latest student debt figures. The median debt at the 191 law schools who reported data for the class of 2011 was $105,028, up 5.84% from 2010's figure of $99,236. This happens to be just about exactly the percentage by which tuition went up for the national class of 2011 relative to the class of 2010. At this point, law school tuition is so high that tuition increases will be close to 100% debt-financed by the nearly 90% of graduates who take on law school debt.
And keep in mind that these figures, as always, omit other educational debt.” [Emphasis mine]
At least, some legal academics are starting to look at the average law student indebtedness figures, published by US “News" and Vagina Bob Morse. I have been citing to these USN&WR numbers on my blog, since August 22, 2010.
Others Comment on This Recent Development:
On March 28, 2012, Matt Leichter wrote a piece labeled “ABA Journal Discovers US News’ Debt Rankings,” on his Law School Tuition Bubble blog. Here is an excerpt, where he cites to the March 28, 2012 ABA Journal piece, from Debra Cassens Weiss, entitled "Average Debt of Private Law School Grads Is $125K; It’s Highest at These Five Schools":
“Meanwhile, U.S. News & World Report has released its own figures on the “10 law schools that lead to the most debt.” At those 10 schools, average student debt was more than $147,000 in 2011.”
Take a look at Leichter’s closing:
“Again, this what the ABA says. It does not come out and say, “There aren’t enough lawyer jobs for everyone, many of these careers don’t need law degrees, and the people who don’t report their employment or salaries do so because they were hosed.” See for yourself; it’s a gold mine. Between U.S. News’ “5 Ways to Strengthen Your Law School Application” and the ABA’s whitewashing of legal education’s value, I wonder why there aren’t more scam blogs. Pravda has nothing on these contemporary American institutions.”
Conclusion: As psychotherapist, and former Biglaw associate, Will Meyerhofer wrote, on November 3, 2010: "Anything that leaves you two hundred grand in a hole is not increasing your “versatility” – it’s trapping you in hell." It is nice to see that others are starting to cite to the USN&WR law student indebtedness ratings. I have been doing so, for a while, while profiling these ABA-accredited dung pits. In the end, this is the most important ranking, in that entire fish wrap.
If you are considering law school, don't be a dumbass and simply think about the potential benefits. You also need to take a hard look at the likely downsides, of pursuing a "legal education." If you incur an additional $100K+ in NON-DISCHARGEABLE debt, this WILL affect your chances to own a home, get married, or have children. Good luck opening up a business line of credit, with such outstanding debt. The banks and mortgage companies are aware that student loans must be re-paid. Furthermore, THE U.S. LAWYER JOB MARKET IS SHRINKING. Lastly, non-legal employers view JDs and attorneys suspiciously, i.e. they are not too keen on hiring people they view as litigious. Do you get the picture, lemming?!
Posted by Nando at 7:24 AM