On June 5, 2013, TaxProf Blog published an article labeled “Seto: JD Job Prospects as Predicted by JDs Per Capita.” In the concluding paragraph, Theodore Seto wrote the following deception:
“Unless something truly extraordinary has happened to non-cyclical demand, a degrees-awarded-per-capita analysis suggests that beginning in fall 2015 and intensifying into 2016 employers are likely to experience an undersupply of law grads, provided that the economic recovery continues. To some extent, this will be buffered by recent oversupply. If matriculations remain at projected 2013 levels, however, once the market has absorbed the recent oversupply, a degrees-awarded-per-capita analysis suggests that long-term demand for law grads will outstrip long-term supply into the indefinite future.”
This is an outright lie. Several commenters wiped their ass with Seto’s weak-ass“analysis.” Earlier in the same piece, the deceitful rat stated:
“Demand for legal services, however, probably increases as population increases.” [Emphasis mine]
In short, this academic thief fails to understand that demand – plus the ability to pay for - legal services is what counts. There are plenty of deadbeats and bums who are glad to take their issues to a lawyer. However, they are not so keen on paying for legal work.
The Facts Contradict Cockroach Seto’s $elf-$erving Assertion:
From 1980-1981 to 2009-2010 - a span of 30 years - ABA-accredited law schools/diploma mills collectively pumped out 1,161,863 graduates. For $ome rea$on, Theodore Pig Seto did not mention this anywhere in his article.
According to the U.S. Department of Labor, Bureau of Labor Statistics, there were only 728,200 attorneys – in 2010. Keep in mind that many of those lawyers are old dinosaurs who have no plans to retire before their 80th birthday. By the way, BLS projects that there will be 73,600 more employed lawyers in 2020 than there were in 2010. For people who claim that lawyers must be honest and ethical in all their dealings – and must rely on facts to make their case – “law professors” don’t really care about those principles, in practice.
Elie Mystal posted a June 5, 2013 ATL entry entitled “Decrease In Law School Applications Now Will NOT Mean A Legal Hiring Boom in 2016.” Take a look at this killer opening:
“This isn’t the first and it won’t be the last time we have to knock down this ridiculous argument. There’s simply a lot of money invested in making prospective law students believe it.
And it makes a certain kind of sense. We’ve extensively reported on the decrease in law schools applications. We’re at all-time historic lows. It’s a comforting and mathematically banal argument that the lack of applications now will lead to a dearth of law graduates in 2016, which will mean great times(!) for the class of 2016. More importantly, law schools want people to believe those brave enough to apply to the class of 2017 will benefit from an “undersupply” of new lawyers by the time they graduate. I promise you more than half of the class at Cooley actually believe this crap.
The problem, of course, is that it’s not true. It’s not true, and the people who say it’s true have no evidence that it’s true. Heck, there’s an “undersupply” of lawyers right now, if you look at poor and low-income clients. But that hasn’t actually resulted in a vibrant hiring market for new and recent graduates now, has it?” [Emphasis mine]
Mystal correctly points out that the law school pigs do not have any actual proof to back up their assertions about the legal job outlook. Again, the “market” for broke-ass people with legal problems is extremely large. But an attorney cannot pay his bills or put food in the fridge by representing idiots, for free.
The Law School Scam site published a piece, under the header “Economics/Statistics Whiz Ted Seto: Lawyer Shortage Coming” – on June 7, 2013. Check out this segment, dripping with sarcasm:
“This makes perfect, undeniable sense, as the number of law degrees awarded has always had a direct relationship to the actual market demand for lawyers. And who could deny Seto's premise that "[d]emand for legal services, however, probably increases as population increases?"
Conclusion: Theodore Seto is a lying, fat pig. He does not give one damn about current students, applicants, or recent graduates. The bastard is solely concerned with maintaining his income level, at the expense of those students. Head to his faculty bio, via this link. You will see the following: “[Seto’s] current research interests include tax theory and jurisprudence.” Clearly, he wants the gravy train to keep rolling along. Could you picture this corpulent swine in an actual job?!?!
In the final analysis, Seto is concerned because fewer people are applying to and enrolling in ABA-approved law schools. He is worried that his job could be affected. The piece of garbage did not feign the slightest interest that, according to the NALP Class of 2011 National Summary Report, 44,495 JDs that year competed for 27,224 jobs “requiring bar passage.” Seto has also not publically commented on SKYROCKETING tuition, and its impact on students and recent grads. Those with an IQ above room temperature will recognize his garbage article as the empty words of a desperate fool.