Friday, April 17, 2015

Loyola Law School Los Angeles Is Now Leeching Off Parent University: The $20 Million Special Payout


http://www.laloyolan.com/news/lmu-approves-special-payout-for-loyola-law/article_8ed39788-9fe6-54cc-950c-05eee52055a7.html

News of the Handout: On April 15, 2015, the Los Angeles Loyolan published a piece from senior editor Zaneta Pereira, which was headlined “LMU approves special payout for Loyola Law.” Look at this opening:

“Law school enrollment has seen a dramatic decline in the last five years. 

Since hitting its peak of 52,488 in 2010, enrollment at U.S. law schools has steadily fallen, plummeting to 37,924 this year, according to the American Bar Association. Law schools around the country have adopted various strategies in order to deal with this 27.7 percent decrease. 

Loyola Law School (LLS) has seized this opportunity to restructure and intentionally get smaller. LMU has also approved an approximately $20 million special payout from the University’s endowment towards student scholarships at the law school. 

Senior Vice President for Business and Finance Thomas O. Fleming, Jr. explained, “The special payout follows a definite plan. It’s not just ‘take $20 million and divide it by five.’ It’s an incremental thing, and it’s reviewed each year as part of the budget process. So while a payout has been approved for next fiscal year, the finance committee will be kept fully informed, and we won’t do the payout until toward the end of the fiscal year.”

Fleming also noted that, when thinking about how to deal with the situation of falling applications to the law school, it was clear that they “didn’t want to disadvantage the undergraduate education. I know that some universities are basically asking their undergraduate tuitions to take care of their funding levels as they re-size their law schools.” [Emphasis mine]

Try and spin this story any way you like, Fleming. Sure, you “intentionally got smaller,” dolt. The fact remains that the univer$ity needs to subsidize the law school – due to declining enrollment. Remember, college$ and univer$itie$ have relied on these supposed “professional schools” as cash cows – for decades.

http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-law-schools/law-rankings/page+3

The Commode’s Ranking: As you can see, the Loyola Law Sewer is rated as the 75th greatest, most fantastic and amazing law school in the entire damn country – by US “News” & World Report. In fact, it only shares this distinct honor with two other ABA-accredited diploma mills. Yes, what a tremendous accomplishment, huh?!?! 

http://www.lls.edu/media/loyolalawschool/careerservices/pdfs-resources/ABA%20Class%20of%202014%20Employment%20Summary.pdf

Published Employment Placement Statistics: Here is the Employment Summary for 2014 Graduates of this cesspool. You will notice that there were 396 members of this gigantic-ass cohort. It’s a good thing that California – especially the southern part – doesn’t have a GLUTTED lawyer job market, huh?!?! Actually, it is THE  SECOND MOST SATURATED state in the union, for attorneys.

One person did not supply his job status to the sewage plant. Another 74 were unemployed within nine months of earning their TT law degree from this stench pit. This translates to an 81.3% employment “placement” rate – i.e. 321/395 – for the Loyola Law Sewer Lo$ Angele$ JD Class of 2014. By the way, this includes part-time, full-time, long term, short term, legal and non-law positions. Plus, total of 13 grads were placed in university or law school funded posts.  If you graduated from this dung pile and are now selling programs at Dodger Stadium, then you are considered “employed” – for the purpose of boosting the toilet’s statistics. 

http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-law-schools/grad-debt-rankings

Average Law Student Indebtedness: According to USN&WR, the average law graduate from this dung heap’s Class of 2014 incurred an additional $147,701 in NON-DISCHARGEABLE debt for a TT law degree. Hell, 85% of this cohort took on such foul debt. This figure does not include undergrad loans. It also doesn’t take interest that accrues while the student is enrolled into account.

http://www.guidestar.org/FinDocuments/2013/951/643/2013-951643334-0a61fcb1-9.pdf

Loyola Marymount Univer$ity’s Endowment: Let’s take a peek at the 2013 Form 990 for Employer ID No. 95-1643334. As of May 31, 2013, the pile of garbage known as Loyola Marymount University had an endowment of $853,512,060. On page one of this document, you will see this meaningless platitude: 

“Loyola Marymount University maintains a three-fold mission: 1) the encouragement of learning, 2) the education of the whole person, and (3) the service of faith and the promotion of justice.”

For $ome rea$on, the pigs don’t flinch when seeing the average law student indebtedness total listed above. Head to this link, and you will note that the scoundrels will charge $49,190  in tuition alone – for the upcoming 2015-2016 academic year! After all, that’s what Jesus would do, right?!?!

Conclusion: In the final analysis, the law school is in need of assistance. Perhaps you can find it in your heart to donate what you can to this private Catholic school – which is supposedly built on the Jesuit and Marymount tradition. If you buy the story that the bastards are using this money for the benefit of law students, then you are too damn dumb to choose your own breakfast cereal in the morning. This is a mere public relations move designed to grab applicants’ attention. Do you honestly believe that all of the recipients will retain these “scholarships” for all three years?!?! The main objective is to keep the lazy, overpaid “law professors” in cushy positions for minimal “work.”

44 comments:

  1. The funniest part is that if not for overpaid worthless admin and professors, law schools don't even cost much money to run.

    They're primarily large lecture halls packed with lemmings with one pig windbag bloviating on. Since any moron can "teach" out of a casebook, especially when the "teaching" consists of hiding the ball and actually asking the students to do all the work in some sort of twisted version of an alleged "Socratic" method, it really only requires a couple of windbags to "teach" 3 years worth of classes.

    And since the career services is utterly worthless and nobody else on the admin side actually does anything either, probably a half dozen low wage employees can handle that part. Heck, most of the actual work is indeed done by former law grads, to keep the employment statistics up.

    Pretty much every law school in the country, thus, can probably charge a $5k a semester tuition and still be profitable. The only reason they can't is because all the pigs in law school want to be paid so much more.

    In general in America higher education personnel are vastly overpaid. But no other level of academia is as bad as law school.

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    1. Law professors take a year to teach, poorly, something students can learn in days. I took business law as a summer accounting course and the professor taught us the black-letter law or whatever you call it. The course was about a week and a half long, but I learned more about Torts, Conlaw, Criminal law, and Contracts there than I did in a semester of law school. Worthless indeed.

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  2. Please donate a can of green beans or some dry spaghetti to keep this law school open. Please.

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    1. I would love to but all I have is dented cans of expired generic dog food.

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    2. Maybe they can ask their alumni base. They're living on green beans, dry spaghetti, and ramen.

      They've already been raped once. What's a little more blood from the stone, I say...

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  3. Twenty million dollars would cover the full $50k tuition for all 400 students in the class, or a third of tuition for each person currently enrolled. That represents a hell of a shortfall in revenue.

    "Loyola Law School (LLS) has seized this opportunity to restructure and intentionally get smaller." Pffffffffft. Loyola Law Skule has been forced to "get smaller" (in the words of the illiterate journalist) because it is bleeding red ink. Typical Jesuitry from these Jesuits.

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    1. Aye, Georgetown is also a Jesuit school...

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  4. Don't forget, OJ Simpson's lead counsel, Shapiro, graduated from.Loyola and yet when you loik at the Wikipedia page about the employment rate it is shockingly very low 9 months after graduation. Think about it, if recent grads are unemployed at the this toilet cannot find employment at the law school a famous defense lawyer graduated many years ago, then what makes lemmings and snowflakes think they will be the exception to the dismal stats either at this law school or another. Its like the Van Halen.song lyrics that says " Dream another dream because this dream is over."

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    1. Didn't Shapiro have a role in founding Legal Zoom?

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  5. Nando, you should do a story on Indiana Tech Law Skule. They are sponsoring a boot camp where they will raffle a $5,000 scholarship. That's right. The law school profs and dean will be there to play the role of carnival barker and say:

    "Step right up and take a spin of the wheel...you may win a $5,000 discount off of our overpriced and useless product."

    Where is the fucking shame of these hucksters?

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    1. It's actually on the sidebar, looks like OTLSS picked it up.

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  6. NO way in hell am I matriculating here after reading this. Thank you Nando. I don't care if LLS is giving me a near fullride scholarship. I am not going to take a gamble at this school.

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    1. Very good decision.

      (38 year solo here-my 3 sons will NOT be lawyers.)

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    2. Good decision. Hold out for a full tuition scholarship at UCLA, USC, or Notre Dame if you want a Catholic connection. Otherwise, it's too risky.

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  7. What became of Loyola 2 L?

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  8. Hi, Nando-
    I'm a Brooklyn Law drop out and interested in doing a piece on diploma mills and the crushing debt. In my case, I quit, joined a rock band for a few years and eventually went to business school. Still a turdy experience, but actually a better move for me. Anyway, I wish your site existed when I first applied and if you are available for a brief interview, please contact me at jason*siliconexit*com

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    1. Congratulations, Jason. You won!

      Brooklyn Law School is actually a covert simulation designed to identify sufficient intelligence to drop out. Apparently you have what it takes to see through the scam. I wish you all the best in your business adventures.

      Nando, you might want to contact this gentleman.

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  9. Looks like the grads from this school aren't donating to the school. Hmmm why would that be?

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  10. It is not clear to me if the $20,000,000 is to be spent in one year or four years, or if it is seed money to start or replenish an endowment fund. If it is the later, most funds pay 4% a year. This results in $800,000 being available a year. $800,000 is about 16 scholarships, and if it is for four years, then it is only 16/4 = 4 scholarship recipients.

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  11. https://forgottenattorney.wordpress.com/2013/04/23/loyola-law-school-a-case-study-in-reputational-collapse/

    Back on April 23, 2013, the Forgotten Attorney posted an epic entry, labeled “Loyola Law School – A Case Study in Reputational Collapse.” From the opening:

    “Programming note – Since it is now mid-April, many 0Ls have received acceptance letters from various schools with financial aid packages. So I decided that for the next few months, I will focus my writing to pre-law students in the hopes that they will 1) understand the true economic reality of going to law school and becoming a lawyer, 2) be very aggressive about negotiating tuition discounts in its various forms, and 3) either not go to law school at all or defer attending for at least another year. The law school scam continues.

    Once upon a time, Loyola Law School (a tax exempt entity affiliated with Loyola Marymount University) used to be a decent alternative for those seeking to practice law in Southern California. Most Loyola Law School students either did not have the GPA/LSAT numbers to go to USC or UCLA law or received tuition discounts to attend. But almost everyone believed that even a marginal graduate of Loyola Law School would be able to get a job after graduation and later use their alumni connections to lateral to a reputable firm in a few years. It might be harder to make BigLaw partner but most graduates made good money and a lot of their alumni were on TV, including the late Johnnie Cochran. It seemed like everyone was happy and were bragging about their success at the alumni events and all of the graduates were hopeful about their career opportunities.

    And then in 2007, Loyola 2L (L2L) appeared on the internet. L2L claimed to have ranked in the top 25% of his 1L class. But when he submitted his resume to major law firms for a summer associate position at Loyola Law School’s on-campus interview program, none offered him an interview.

    L2L must have felt like a failure and a loser. But he later learned that he was not alone and a number of his classmates were having the same problem. Nobody talked about it because they wanted to “stay positive” and not look unemployable. L2L posted on many legal website message boards and blogs complaining about the poor job market and how Loyola Law School’s good reputation was a lie. His story received national attention and formed the beginnings of the law school scam movement.

    Six years later, the true employment realities of Loyola Law School are being known. The 2013 US News and World Report Graduate School Rankings ranked Loyola Law School at 68th – way below the its traditional rank between 40th and 50th, putting it in the traditional first tier category. In addition, 22.9% of graduates were reported to have found full-time positions requiring the JD degree after graduation with most of these graduates earning an average of $75,000 per year. Prior to the ABA’s call for more detailed employment statistics, Loyola Law School – like the others – reported that over 90% of their graduates were employed, presumably in Biglaw.”

    Loyola 2L wiped his ass with the law school/toilet, back in 2007 – and it was the beginning of the end for the law school pigs. It then became somewhat acceptable for “loser” law grads to point out that “legal education” is designed for the benefit of academics, and not students. Once we started documenting the scam, and mainstream news sources covered this filth, the swine were on the ropes. I don’t know what the hell Loyola 2L is up to now, but he did perform a great service.

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    1. Nando, check out U. at Buffalo's paper, The Spectrum, which has a piece on how the current dean was asked to step down (but is still a SUNY scholar at the law school) because he perjured himself in federal court when a fired law school professor sued him.

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    2. As other posters have said before, think about how these imbeciles have utterly killed the Golden Calf. They have (had...) essentially a Magic Printing Press which spat out money on time and on cue each and every year.

      They're tax-exempt and "non-profit" to boot! And they can't even *conceive* of spending less on themselves - let alone accomplish it. Pure, unadulterated GREED.

      Unbelievable.

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    3. It's really not just Loyola, I think that is common for all students outside the T8 or so, from 2007 on. But even prior to that, Even at the Big 3, a bad grade really sunk your chances in a good economy.

      But the legal field collapsed in 2007. Sure give lemmings a couple of years, even though they should have started avoiding law school then. But nobody should have gone to law school from 2010 on, the info was out there. It's 5 years later now, 5 years worth of law graduates 95% of whom should not have gone to law school.

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    4. Collapse in 2007... I was a 2L. I should have cut my losses and ran, but I just had to "see it through to the end."

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  12. This is a prime example of throwing good money after bad. The $20M doesn't cure Loyola Law School's long-term maladies. In the short run, sure it will fund faculty salaries and a few sprinkles will be spread on a "scholarship" fund. However, these assholes are fools if they think law school enrollment will go back to 2010 levels in the next 5 years. Enrollment will continue to decline and when the $20M is spent, I doubt the university will extend another lifeline to the bloodsucking leeches running the Loyola law school.

    I actually know someone who went to this school. He came from a wealthy family, screwed around in undergrad, had a dismal GPA but a solid LSAT score. Whenever he talks about Loyola, he does so with disdain and rancor. His family funded his solo practice and he is killing it (DISCLAIMER: He spends $150K a year in GOOGLE SEO placement and online advertising). He has money to donate to Loyola but when asked if he would ever give money to his alma mater, he said he would rather throw burn the money to keep his ass warm than give a cent to Loyola Law School. By ripping off its current students, the law schools are not building a future alumni donor base. If anything, they have alienated too many classes to the point where alumni would rather see their alma mater shuttered than to give another dime to these criminal enterprises.

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  13. I hope ALL the Law professor's are smart enough to see the writing on the wall.... The party is over... Their jobs are next.... Enjoy future unemployment!!!

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    1. At the very least, law professors will face new requirements to network with local pratitioners. That's something they expect their students to do but refuse to do themselves.

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  14. The very real horrors of The Law School Scam are self-evident in the modern era. Reasonably-informed applicants looking to schools like Loyola should know they're taking quite a chance attending such a non-elite institution; hell, you're taking a chance with your future nowadays with anything less than a T-14, unless you're a hot chick, have connections, or end up in the top ten percent of your class.

    None other than The Great One himself, Scotty Bullock, put the kids on notice waay back in 2007 in none other that The Wall Street Journal that this morbid profession was spinning downward at an accelerating rate:

    http://www.wsj.com/articles/SB119040786780835602

    But nowhere perhaps is the phenomenon of The Scam better observed than at the trap schools, the GWU's, the Washington & Lee's, WUSTL, etc., those schools where kids still think they're buying a relatively elite degree, only to be dumped out into a job market which couldn't care less about a pedigree from one of these schools anymore. If you're falling outside the top ten percent of your class 1L think long and hard about dropping, and beware the fallacy of the sunk cost!

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  15. Well, whatever.

    Not one single action has been taken against law schools by the Dept. of Education, by the ABA (which exists to perpetuate and accommodate the scam). They had fiduciaries duties this whole time under the Higher Education Act and they breached them. They will never be held accountable for the losses.

    For-profit, not-for-profit, these shitty law schools are worse than ITT Tech, worse than Corinthian, worse than the University of Blah Blah Blah Online.

    All of the declines in enrollment are due to price, and an overwhelming number of bad outcomes. After watching the deterioration closely for a couple of years without outward signs of law school distress, all the sudden the ball is rolling fast.

    Bond defaults, buyouts, layoffs, building sales, mergers, bar passage rates plummeting, no admissions standards, operating in the red, bailouts, sprinting through deans, recruiting at junior colleges, and 'diversity' etc...there's no more rope left.

    Allard calling the bar exam a "scam" and "rip-off" in that Bloomberg News article the other day (possibly sponsored by Crooklyn) says it all. It is destruction from here on out.

    Sit back, work that non-profit job on IBR, get on PAYE, buy some champagne. It is payback time.

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    1. Fake employment statistics, the horror!
      http://news.yahoo.com/education-officials-fine-profit-college-false-claims-230730108--politics.html

      But law schools have a higher ethical duty and would never do such a thing...

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  16. Loyola Law Skool is a shithole. Even kids with law degrees from USC and UCLA are having a tough time. Let me list the ways.

    High taxes in California
    Glutted job market
    Toll roads
    Parking fees
    Traffic
    Expensive rents
    Dog eat dog profession

    Oh and I almost forgot to mention this last one. If you're opening your own shitlaw firm, startup costs will bury you. Not like you can compete with established firms anyway. When people get injured or fucked up, they're going with the guy that gets results and has a bunch of ads to prove it. Name recognition, people.

    Get the fucking picture yet idiots?

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    1. As much as some people criticize Gribble, I think he's often dead-on in his assessments. I remember one post on JDU where he wrote that every single successful solo he knew of, without exception, came from money.

      This is in-line with what 4-18-15 @ 12:54 PM wrote. That person had no debt starting out, had law school paid for, and had their practice bankrolled. And, about that advertising cost: Believe it. 100%. I know a solo who said he was paying $1000 per week for a small ad in a local well-circ'd paper and this was years ago..

      It also shows the truth of the old saying: You need money to make money. And lastly, remember, he's spending the $150K per year BEFORE he makes money. That is a cost of generating the business to make money.

      Think about that.

      11:10 AM is right. How is the average broke indebted grad going to compete with that, along with other established solos, and afford to service their debt and live?

      The BS of "just hang a shingle.." Sorry.. IMO, this doesn't work for 95% of people. I'll wager most, even with a high *gross* (not net..) are left without a pot to piss in.

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    2. Well, the 2:26 comment has several aspects.

      I graduated in 1977, took 2.5 years to find a job, worked there for about 2 years, then went out on my own due to low growth prospects at the firm. I rented an office, was my own secretary, did all my own billing. Made my own photocopies and hand deliveries for years (still do). Had no health insurance, no paid vacation, no pension, no life insurance. Worked 70 hour weeks for the first 22 years. (8:30 am until 7 p.m.-home for 2 or 3 hours, then back to the office until 1 a.m., or 2 a.m., 5 days a week. Truly-worked some Saturdays, and almost every Sunday night). Rarely could afford to take vacation. (Only 28 weeks of vacation after 38 years of practice at this point, and no likelihood of improvement.) Wife visited her mother with the kids-that was vacation, I worked.
      I never advertised-just word of mouth-oh, and advertising was verboten at the time. It took years, but I actually built a good practice. If you arrange your office frugally, pay for hourly data entry for billing, teach at a junior college to get exposure, join groups, etc. I did teach for many years, but not so good at networking.
      I graduated undergrad in 3.5 years and law school in 2.5 years, just at top 25% of a top 23 or 24 law school. I am an accomplished musician having published 4 books on my instrument, and having taught during law school (I had more students than all the other teachers in town combined). The firm I worked for offered me partnership after 2.0 years, me having the lowest hourly rate and working solely on hand-me-down work, was the second highest fee earner in the firm of 6. Very nice folks, but I almost made as much teaching music as practicing law!
      I've designed a house, did the blueprints, surveyed the lot and did a great deal of the framing, all the drywall, hanging and mudding, and all the finish carpentry. I inspected all the other trades, electrical, plumbing, etc…
      I prepared a map for a summer camp for youth that took over 200 hours of my volunteer time on a CAD program. I am a great navigator. I built most of the furniture, counters, etc., in my office.
      (I have spent a lifetime learning skills, just to learn them.) And many more, but this is enough. (And this is not about me, but you need some sense of what endurance I have to judge yours.)
      So, the POINT?

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    3. No 2
      My law school debt was $1,500. My loan payment was $31.92 per month. I did NOT come from money, but my parents did pay most of my room and board and tuition, by my law school tuition was $1,100 A YEAR.
      My first job offer after 2.5 years of looking was $9600 a year, and I turned it down (I made more teaching music PART TIME.) When I got my job with the firm, I was paid $12,000 with NO benefits, except 2 weeks paid vacation. My youngest sister, 7 years younger than me with only a BS in computer science started in the computer science division of a Fortune 500 Co at $22,000, with full benefits, health, life, disability, optical, dental, and a pension. It took me another 5 years to match her income, but I never caught up to her benefits. I still, at age 62, have NO benefits.
      SO, hanging out a shingle CAN BE DONE, but do you have my endurance?
      Oh, and I once ran a mountain race with a 30 lb pack over 34 to 40 miles and set the record by over an hour-I don't think it has been broken over 40 years. And, I have done commercial artwork for a Fortune 500 company. My Gregg shorthand is fair. I have Pittman shorthand, and I KNOW why.
      Son No. 1 is a radiologist, and he and his GF made at least $20,000 more than I did this year. When he becomes an attending radiologist, his income will jump to $300,000 to $350,000 STARTING, and be 4 to 5 times my income after 38 years.
      Son No. 2 is a civil engineer, now at $47,000, about $23,000 below my last year's income.

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    4. No 3
      Hanging out a shingle can be done, but it is a Cross Of Lead, and will wear you down like you cannot believe.
      I was at lunch with a friend today. He said he was glad that tax season was over so he could catch his breath.
      IN MY WORLD, LAW PRACTICE NEVER ENDS. It has not ended in for 38 years. No vacations, no help, few breaks, and not long enough.
      I have calculated that based on the hours worked as mentioned above that after 38 years of practice, I have WORKED 56.6 years of 2,000 hour years. I have 4 more years of work to go to get my youngest through undergrad.
      MY BEST ADVICE 1: NEVER GO TO LAW SCHOOL.
      MY BEST ADVICE 2: KIDS GET TECHNICAL DEGREES WHICH WILL GET THEM A JOB.
      Tomorrow, I meet with a female who was accepted to an UNRATED law school, looking for my counseling.
      You should listen to this-I have spent 38 years accumulating this data.
      Cincinnatus

      OH, and I earned enough during summer work to pay my annual tuition. My parents paid my room and board. If you can earn enough NOW to pay your law school tuition, you do not need a Juris Doctor as you are already earning more than a JD will allow you to earn.

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    5. 38 year solo is probably my favorite poster in all of the law scam sector that we're all involved in.

      I think everyone should read his comments and then be honest about themselves and life in general.

      It is rare to ever get such an honest admission of life from anybody. There have also been a few posts from Big Law attorneys that were also honest, that you won't get from real life.

      To "succeed" in law absent any type of connections, you will have to move heaven and Earth to do so. It will take sheer force of will and unparalleled talent and ability.

      And this is generally with parents paying for room and board to even give a person a shot, as well as much lower student loan debt.

      But even that simply exposes how ridiculous the legal industry is. With all that effort and ability, the result is so underwhelming. All the stress, the hard work, and it is a living that doesn't match a decent career in Corporate America or banking or the government in any other industry. And it lags far, far behind similar amounts of schooling and debt such as that of a physician's career.

      Lemmings and law graduates alike, you are not "smarter" or "better" than all the people that have come before you and haven't struck it rich, such as the above poster. And even if you are, wouldn't your efforts better serve you in another industry? One where you can get benefits, a pension, a work-life balance and some actual recognition for all your toil?

      I'm not going to rehash anything I've said on the industry, I'm a couple of years removed and the memories are actually fading. And I'm at peace with that. I feel 38 year Solo has pretty much set everything out, if that won't get through to people, nothing else will.

      Only one thing that I feel he left out, but it's probably because he was able to stand above that too. For me I took a huge hit to my physical, mental and emotional health both from the large student loans and from practicing law. Even 2 years after leaving law I am not fully recovered, although I am in a far better state. I'm sure people have noticed that most lawyers appear to be psychopaths, and generally miserable and lonely people. I believe the profession does that to its victims, I do not believe that it is that only those people are attracted to the profession. Many people go to law school with idealism and good intentions, it is only after being subject to the legal field that they change into what most attorneys are.

      Delete
    6. Thank you for your kind words.

      I have poured out my soul several times to try to connect with 0L's, and save them the trials of this ordeal.

      You are very astute. I did leave out that one topic.

      Physically, I have always been very strong and seem to have no measurable constitutional issues. I take only a 325 mg aspirin, and nothing else. My physical health has not suffered, but I am not fit, like I was 40 years ago. Too many years sitting in the same chair, typing at the same computer, staring out the same window for 12 hours a day (or more).

      The mental/emotional side is a far different and not so benign. The thread holding it all together is much thinner than when I started. I must work 4 more years, and, for the first time in my life, I now doubt I can make it emotionally, or at least it will be a "close-run game". I AM TIRED.

      I am concerned of what will be left of my emotional health when I finally quit. (I really don't consider it "retirement" as I have no pension. I have savings, and Social Security, but my post quitting income will be one fourth my current income.)

      I have a last child to get through undergrad. That's why the 4 more years. (I have a child that young at my age due to the years of law school-another serious affect of a law school degree).

      I would note that the day that child graduates undergrad, I will be a co-signer on roughly $300,000 in tuition debt.

      Prior to incurring the first dollar of tuition debt on account of my children, my debt was ZERO.

      At any given time prior to incurring the first dollar of tuition debt for my children, my highest level of debt was $100,000 and I paid that off in 5 years.

      I am approaching my "golden years" with 3 times the maximum debt I ever owed, and I have no pension. If my children do not pay that debt, I am not sure what will happen, or what I will do.

      Unfortunately, my emotional/mental health has slipped dramatically in the last 5 years; my friends are aware and have supported me. I have always been the rock for many, and now I seem to be chalk. 32 years ago, in a particularly difficult case, I gave the firm's senior attorney my opinion. He said, "When did you become so wise?" At age 18, my parents sent me, alone, to visit my brother in the Peace Corps in Malaysia. I asked my mom, "Why did you send me alone?" "Well, you have common sense." Perhaps I ramble, but I have always been the "in-charge" person even when 10 or 11 among adults.

      I am no longer in control due to my children's student debt, and being trapped in practicing law.

      Any idea just how SNARLY a lawyer becomes when not in control of his/her client's case?

      Well, they become downright RABID when they can't control their own lives.

      And so, Gribble's observation of the "missing topic" is addressed.

      I would quit tomorrow, if I could get my youngest through undergrad.

      The practice of law has damaged me. I have had no family life, no personal life, and no break from the stress for 38 years. I have survived it, but it has been Hell. Even if you are as strong as me, I had no forewarning. Why would you undertake to bear this Cross of Lead when more sensible options are available to you?

      38 year solo. Cincinnatus

      Delete
  17. Blessed Be the Scambloggers. The kids are catching on, whether these fraudulent schools like it or not:

    http://www.bloomberg.com/news/articles/2015-04-15/the-smartest-people-are-opting-out-of-law-school

    They're getting the message that it makes little sense to cripple oneself with life-changing debt in order to end up with nebulous choices, if any, upon passing the bar. News of The Scam is out there and readily discoverable, with no small thanks going to those in the Scamblogosphere who got the ball rolling!

    ReplyDelete
  18. http://www.jdjournal.com/2015/04/16/loyola-law-receives-20-million-dollars-for-scholarships/

    On April 16, 2015, JD Journal published an Amanda Griffin article labeled “Loyola Law Receives 20 Million Dollars for Scholarships.” Read the full piece, but focus on the following excerpt:

    “With law school enrollment at a five year low, new ideas are being implemented to attract students. Loyola Law School is using this decline in students to restructure and refocus the size of its program.

    With approval from Loyola Marymount University, a $20 million special payout has been set aside from the University’s [big-ass] endowment to be used for student scholarships at the law. The $20 million will be reviewed each year during the budget process to ensure its usefulness. Offering really good scholarships while simultaneously cutting enrollment should keep the applicant pool strong. LLS also offers scholarships to students that are interested in public interest law or to those from underrepresented ethnic groups.

    While scholarships will help attract the best applicants, cutting admission numbers will help the law school remain competitive. The school plans to cut their numbers by 25 percent in two years. LLS is not planning on cutting funding for professors or faculty salaries but will slowly reduce their size to match the smaller student size.

    University President David W Burcham believes the law school enrollment decline to be an opportunity to reinvest in the law school, turning a bad situation into a good change.

    While $20 million may seem like it would have a big impact on the university campus, the numbers presented are small and will have minimal effect. No money received as donations goes into the payout and instead comes from accumulated earnings of the endowment over several years. The payout amounts are included in the financial statements that are open to the public.”

    In the end, the univer$ity administrators are merely looking to bail out the law faculty, in order to keep them fat and happy. The students are an afterthought. What an honorable use of funds, huh?!?!

    ReplyDelete
  19. "LLS is not planning on cutting funding for professors or faculty salaries."

    Priorities.

    Thank the Jesuit deity that Loyola is able to continue to fund its dean's $385K compensation package! Thank the Jesuit deity that Loyola is able to fully fund such scholars as Theodore Seto! Who else could twist the BLS projections - in so doing, prolonging the scam - quite like him if he were to be compensated with such a paltry salary as to force him back into practice?

    ReplyDelete
    Replies
    1. Absolutely. You have to take care of Mammon first. Fruits of the Spirit, however, can be used to make a nice parfait later - maybe with some crunchy, organic granola. Yum!

      Delete
  20. I am so fed up with law school. Look at the question that was asked on my final:

    I went to take in my new MacBook Air laptop to the Apple store because it has been slowing down on me and I only got it about a year ago. Therefore, it is under warranty.

    However, the problem arose when the following took place:

    They started to look at the hard drive and saw all sorts of browsing history that I was not keen on them viewing. Then they looked at the mother board and one of the technicians saw pictures of his own mother.

    Then they looked at the CPU and saw that it was lined in some kind of white film.

    I said, "technician, this is kind of personal, don't you think? You should not be looking at these things."

    And the tech replied, "this is not an apple computer, it is a FAPPLE computer. Therefore it is not under warranty."

    What legal steps should you take?

    ReplyDelete
    Replies
    1. "What legal steps should you take?"

      1. Demand a tuition refund.
      2. Have the professor disciplined for gross malpractice.
      3. Have the professors internet usage on school computers investigated. There is most likely something there.

      Delete
  21. You guys forget how glamorous the practice of law is:
    http://denver.craigslist.org/lgl/4991365276.html
    I mean, $17/hour PLUS a gas stipend? Where to sign up?

    ReplyDelete

 
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