Monday, April 27, 2015

News Flash: the Lawyer Job Market is Still Glutted


http://www.nytimes.com/2015/04/27/business/dealbook/burdened-with-debt-law-school-graduates-struggle-in-job-market.html?_r=1

Courtesy of the New York Times: On April 26, 2015, Elizabeth Olson’s piece, “Burdened With Debt, Law School Graduates Struggle in Job Market,” appeared in the New York Times, Dealbook section. Look at this killer opening:

“Jonathan Wang has not practiced law since he graduated from Columbia Law School in 2010, but he did not plan it that way. 

When he entered law school, the economy was flourishing, and he had every reason to think that with a prestigious degree he was headed for a secure well-paying career. He convinced his parents, who work in Silicon Valley, that he had a plan. “I would spend three years at school in New York, then work for a big law firm and make $160,000 a year,” said Mr. Wang, 29. “And someday, I would become a partner and live the good life.” 

Mr. Wang, who works in Manhattan as a tutor for the law school admissions exam, is living a life far different from the one he envisioned. And he is not alone. About 20 percent of law graduates from 2010 are working at jobs that do not require a law license, according to a new study, and only 40 percent are working in law firms, compared with 60 percent from the class a decade earlier. To pay the bills, the 2010 graduates have taken on a variety of jobs, some that do not require admission to the bar; others have struck out on their own with solo practices. Most of the graduates have substantial student debt. 

Even as law school enrollment was peaking in 2010 — reaching 52,488, according to American Bar Association figures — those graduating were not receiving job offers from firms where they were interning. And offers to some students were rescinded. 

“None of this was on my radar,” Mr. Wang said, “but it began to be obvious by the time second-year summer internships were over. We knew things were depressed, but then the legs were cut out from under us.” 

After the economic collapse in the fall of 2008, corporations began to cut spending on legal matters, and law firms, in turn, began to reduce their hiring and even laid off employees. The legal profession was undergoing the early wave of turbulence that left graduates in subsequent classes facing a harsher job market that has shown few signs of a robust recovery. But the class of 2010 was the first to experience it full force.” [Emphasis mine]

Lemming, are you currently enrolled in the 4th best law school in the country? Do you believe that YOU – despite attending a garbage heap - will do better than this young graduate of Columbia Law $chool?!?!  Are you going to somehow "work harder" than this man?

It is pretty clear that Mr. Wang is MUCH more intelligent than you, dumbass. He certainly has elite academic credentials. And look where he works now, moron. He teaches LSAT prep courses so that idiots can improve their chances at gaining admissions to an ABA-accredited dung heap of their choice. 

http://www.economicmodeling.com/2014/01/10/the-oversatured-job-market-for-lawyers-continues/

This is Not a Trend: On January 10, 2014, Economic Modeling Specialists Intl. published a Joshua Wright piece labeled “The Oversaturated Job Market for Lawyers Continues, and On-The-Side Legal Work Grows.” Read the following portion, from that entry:

“In 2011, we wrote about the massive glut of new lawyers coming into the job market in a data spotlight that was mentioned by the New York Times and many other media outlets. In this post, we updated the supply-and-demand outlook for lawyers by state to see if the picture looks any better than it did a few years ago. 

The answer: Not really. Hiring has mostly been stagnant coming out of the recession, and more than twice as many people graduated with law degrees in 2012 (46,565) as there are estimated job openings (21,640). But take away full-time, salaried positions and the real growth in the lawyer job market has come from those working on the side in part-time arrangements. It’s here where many of the job opportunities appear to be, which is hardly encouraging for newly minted lawyers deep in debt.” [Emphasis mine]

Yes, working part-time as a lawyer is going to help you repay your massive loans, right?!?!  At this point, only “law professors” and administrators will argue that the attorney job market improving. Of course, the pieces of trash have NOTHING to back up their baseless assertions. Hell, the bitches and hags said that the employment prospects for JDs would improve in 2012 or 2013. Then again, they merely wanted to get more asses in seats – without regard to their students’ best interests. Yes, what beacons of integrity, huh?!?!

http://www.bls.gov/ooh/legal/lawyers.htm

U.S. Department of Labor Data: Let’s take a brief look at the Occupational Outlook Handbook entry on lawyers, courtesy of the U.S. Bureau of Labor Statistics:

“Job Outlook

Employment of lawyers is projected to grow 10 percent from 2012 to 2022, about as fast as the average for all occupations. Competition for jobs should continue to be strong because more students graduate from law school each year than there are jobs available.” [Emphasis mine]

If you cannot understand that warning, then you should be declared a vegetable. Lab mice are more intelligent than you. Hell, at least they learn from their bad choices – and they aren’t drowning in a mountain of NON-DISCHARGEABLE debt!

Conclusion: Again, the job market for recent law grads is grim. This has been the case for several years now. The information has been readily available for quite some time. Simply put, this is not a secret. If you walk away from law school with $170K+ in student loans, that is because YOU failed to conduct any research into this serious financial decision. I wouldn’t trust you to competently represent a client on a standard rental contract, mental midget. As you can see, people with law degrees from Columbia, Georgetown, and other top schools/diploma mills are struggling to find legal work. If these men and women are in dire straits, what result awaits you, Stupid?!?!

39 comments:

  1. Wow—a graduate of an elite law school can’t get a position as an attorney? As a tier two graduate/victim, this makes me feel a little better and certainly less shame for being in the same position. Nando, thanks for your continuing efforts to flush all these scam schools into oblivion. If only the Federal Govt. would cooperate by cutting off all loans to sub 160 LSAT test takers. (Actually, Mr. Wang probably got well over a 170 to get into Columbia) so maybe the bar should be considerably higher than 160.

    ReplyDelete
    Replies
    1. I would cut it off at 165, and roughly 20-30 total law schools in the US. I would then require a "match" service after law school, like residency for medicine.

      Further law school really can't be more than 2 years. If you must have the 3rd year, it has to be rotations like 4th year medical school.

      Basically, there really need to be a looooot less lawyers.

      I'm actually not even sure if that's going far enough, probably there would still be a glut. Considering compliance, CPAs and many other professions do a lot of "legal" work.

      Probably there is no saving the legal field. I'm sure many other professions have died off in the annals of time, perhaps it is time for the profession of "lawyer" to disappear.

      Delete
  2. Ironies:
    Columbia+Clerkship <> Real Job
    Is this a JDAdv Job Stat?
    LSAT Tutor = Working FOR the scam...

    ReplyDelete
  3. "guyingorillasuit (Apr 26, 2015 - 11:33 pm)

    Tell Mr. Wang not to worry. According to a landmark study by Professor Simkovic et al, he is already a millionaire - he just doesn't realize it yet."

    ReplyDelete
  4. Law schools are scum bags.

    ReplyDelete
  5. "Jonathan Wang has not practiced law since he graduated from Columbia Law School in 2010."

    Now another 150,000 people can insert their names where Jonathan's is, and insert their post-2010 graduation year.

    But it may help the lemmings realize what needs to be realized: no law school is a sure thing, and the market gets more glutted as each graduating class is larger than the available jobs, which also overwhelmingly suck.

    ReplyDelete
  6. Oh Nando come on. At $100 an hour, Mr. Wang will earn the Simkovic magic number of $1M in 5 years! Surely this is a prime example of a JD Advantage job paying off in spades.

    ReplyDelete
  7. I have been posting this info as to experienced grads of top schools. There is very high unemployment and underemployment among graduates of the top law schools. Honors and Law Review graduates of Harvard are not exempt from this plague.

    It gets worse, not better, as a lawyer gets farther from graduation. Many lawyers are unemployed after big law, let alone other jobs- many more than after graduation.

    My hope from this article is that Mr. Wang gets a good job as a lawyer as a result of this article. It is inexcusable for a graduate of Columbia Law School, a handsome young man like Mr. Wang, to have no job offers.

    Columbia ought to do more - like require law firms to on campus interview him and reduce their class sizes going forward.

    Good luck to Mr. Wang. Let's hope the heavens open up with a job because those in the legal profession who are in a position to hire notice and see the wrong done here.

    ReplyDelete
    Replies
    1. Mr. Wang could be simply a victim of racial discrimination and class bias within the profession..Discrimination in a subtle form but neverthe less discrimination. His Asian name and background could have conveyed the stereotype as too passive, conformist, and uncreative member of a team. Only an efficient cog in the wheel like Chinese assembly plant workers but copiers and non-innovators. An ingrained cultural bias that percolates in every strata of society.

      Delete
  8. I graduated in 2004 and never practiced. I am fortunate to work in the government contracting world and have a comfortable living. An acquaintance of mine asked me whether going to law school was a good idea. I told her no absolutely not. I gave her info on all the scam blogs and horrible statistics. She enrolled anyway and is graduating from a 4th tier in a few weeks. She is 45, has a MBA, and earned $150K as a consultant. Dimwit sold her profitable business to attend a dive in the Midwest. She is on law review and top 15% - BUT HAS ZERO JOB OFFERS as of yet. Luckily, she probably got through debt free. In five years, she will likely regret her decision and wish she had her consulting business back.

    Anyway, I live in Washington state and KATU in Portland posted a story about Heald and Corinthian schools shutting down. See http://www.katu.com/news/local/Heald-College-campuses-closing-in-Portland-Oregon-Corinthian-shuts-down-301460361.html.

    "Earlier in April, the department fined subsidiary Heald College, alleging the school had shown a pattern of falsifying post-graduation employment data. In one instance, the company's Honolulu campus declared a student had found work in her chosen field of accounting, even though administrators knew she was working at Taco Bell," the department said.

    SOUND FAMILIAR????????? And it is a damn shame law schools aren't being shut down like Heald and Corinthian. The law schools are making the same misrepresentations.

    ReplyDelete
    Replies
    1. It is to be hoped in her case that she will have acquired valuable contacts, connections and experiences from her time as a consultant when conventional hiring practices fizzle out for her, which, at 45, they probably will.

      Law firms want youngsters they can work to death 80+ hours a week and they can get that; non-traditional students and grads like her have a tough time as a result, at least typically they do. I hope sincerely she can fall back on her prior career resources as she will likely need to.

      Delete
    2. At 45, no law firm (especially biglaw) wants you. As a female, you could have movie star looks and the firms still wouldn't want you.

      Delete
    3. What the fuck?!?!?!!

      She was making $150k per year, is that correct, as a consultant and give up this mid-six figures income for a shot at... what now?!?

      How much more did she think she was looking at by going into law? Was/is she unaware of the widespread age discrimination in law? This, btw, explains, regardless of her grades and rank, why she has zero offers at this point.

      You went into everything with her, I'm sure. How law school rank matters, etc. etc. And she still ditched everything to go??

      Sorry.. But I just don't get it. I don't understand the thought process at all.

      Delete
    4. 6:07 here. I believe she was affected by the special little snowflake syndrome. She didn't believe my story about the shit state of the law and said the scam blog movement was full of sore losers.

      I am 44. Graduated from law school at 33. Mediocre grades. The market was fucked up then too. There were few places for non traditional older students in the legal world.

      Her salary was $150k. You read that figure correctly. So, now she is about to be a MBA/JD - which is even more of a hindrance in the job market. She seriously thought that combo would get her into Big Law. I am dumbfounded that people still desire a law degree.

      Delete
    5. To be fair, there is one 40 year old woman at my school who did get BigLaw. My anecdotal evidence has thus destroyed your blessed statistics.

      Jk, law school is a black hole.

      Delete
    6. Lol at a 45 year old TTTT grad thinking a firm will hire them. Isn't "Old Guy" from OTLSS the same age? And he claims to be a T-14 grad with a federal clerkship and law review.

      Delete
    7. The thing that really pissed me off is my 45 year old acquaintance thought something must've been inherently wrong with me because I failed to secure employment as an attorney. Most of the nontraditionals I went to school with either made 30k a year doing sh!tlaw or never worked as an attorney, period. Unless I die or get furloughed, I'm never leaving government contracting. It's boring, but I thank my lucky stars every day that I got in when I did

      Delete
    8. Thanks for the clarification, 6:07. Amusing. She's about to become her own statistic.. Maybe then she'll re-evaluate her position on being a "loser" in the law school scam. People never learn. Until it happens to them. I think this, in large part, is also part of the reason in addition to Special Snowflake Syndrome why the academic scamsters prosper.

      Delete
  9. This article speaks for itself. I really can't add any more than what has already been posted.

    ReplyDelete
  10. Gribble-

    38 year solo replied to you about 2 Nando posts ago.

    Cincinnatus (38 year solo)

    ReplyDelete
    Replies
    1. Thanks for pointing it out, I would never have checked that and seen it as it's a few posts down.

      Another amazing post that really lays the practice of law bare and shows the results of 38 years of practice.

      Required reading imo for everyone, Nando included. I don't run a scam blog, or I would collect those comments and make an entry of them to bring greater attention to those words.

      Delete
  11. Damn, I graduated Cooley's in the 90`s but fortunately obtained my law diploma with absolutely zero debt. Everything including my undergraduate degree was paid off in cash. Student loan was not part of my vocabulary. Passed the bar exam the first try but found a job market for a Cooley grad virtually non-existent. Did not know any connections as my parents were immigrants with no education and I was the only sibling to even attend college let alone graduate law school. So nobody close to you can objectively warn you the risks at before Scambloggers were unheard of at the time. I have literally nomade a single dollar with the degree. Total waste of money and time. Now hearing.a Columbia grad is struggling by teaching LSAT prep courses illustrates to be this is now a system wide dilemma. A broken model just as well as the Soviet System was a broken model and collapsed or Enron company was s broken system and collapsed. It is collapsing. You cannot subsidize something forever. After realizing the mistake I made pursuing law, I broke completely away from it
    Even sold cars for a year at a dealership. Mr. Wang should never taught at an LSAT course because the legal culture holds him hostage still. Try something else: Open up Wangs Chinese Restaurant or Kung Fu Studio. Or Wang Computer Services.. Sell cars at a dealership and move up the corporate ladder. Or work at bartender in.a high end resort. Law failed him and many more of us. Cut the losses and move on. Way hang on to a dying industry?

    ReplyDelete
  12. You might think $100 a hour for tutoring LSAT takers sounds alright, but can YOU get that? Did you go to Columbia Law? It never mentions how many hours he works, $100/hr is great full time work, but off and on again part time work isn't so great..

    ReplyDelete
  13. Even if you do end up getting a job after law school and passing the bar, winding up in sh!tlaw can be an experience indeed!

    On "office days" in your average sh!tlaw shop, (when you don't have court or depositions, which rarely happens) you have to "Jam." "

    Jamming is when you call an insurance adjuster on some bastard "no-pay" case as many times a day as you have to to jam their voicemail box full- you do this by leaving your phone off the hook after leaving your message, and leaving the same message like 10 to 20 times in a row or until the mailbox is reported full.

    You see, insurance adjusters get paid crap and usually have like 20,000 files to handle, so you can pretty much never get one on the phone. So to get a callback you have to do everything possible to fuck up their voicemail, like leaving the same message 100 times in a two hour period. My old boss was such a prick that he had a police whistle he would blast into the speakerphone after leaving his voicemail messages. Then when they called back all deaf and pissed he'd say the insurance company must have a shitty phone system and he'll help them sue for their hearing damage. He was a real character.

    One other time he started swearing at this one poor adjuster and calling her a c*nt and things like that because she wouldn't settle some fender bender case. A week later I was going thru the mail and the CEO of the insurance company had sent this nasty letter saying how his employee was abused and called a c*nt and a b!tch and all these other names. You know that trick where you substitute a __ for a letter in a curse word? So I show it to the boss and all he says is "this asshole needs to learn how to spell c*nt- he left all the letters and shit out. What does he think this is, "Wheel of Fortune?"


    ReplyDelete
    Replies
    1. Oh, there was this other hilarious shyster that used to be friends with my boss. I'll begin by saying that under NYC Sidewalk Law, an unlevel sidewalk slab must be at least 2 inches apart or it's considered "de minimis" and you can't get any $$$ for the trip n' fall. So this clown had a special fake ruler made where one inch was really one half inch, and he'd photograph the defect with the fake ruler next to it. He was smart and knew the city were too lazy/incompetent to actually send someone out there and take their own measurements, so he'd roll into a deposition or court settlement conference with photos showing a two-inch separation (which of course was in reality only one inch, if that) and settle the cases for whatever he could get.

      Finally some judge or another lawyer smelled a rat, and his office got raided and turned up the fake ruler and tons of other neafarious frauds. At his disbarrment hearing he tried to claim he bought the ruler at Staples and it was "made wrong at the factory." That dood was like a legend in NYC personal injury. He was later prosecuted for like 200 counts of fraud and now resides in Attica, NY, which is a bit upstate lol.

      Delete
    2. Very entertaining read! I'll give your legendary shit lawyer one point for trying to scam the other side as opposed to scamming his clients. Unless of course, he was scamming the clients too.

      Delete
  14. http://www.nytimes.com/2015/04/27/business/dealbook/burdened-with-debt-law-school-graduates-struggle-in-job-market.html?_r=2

    From the same article:

    “Another 2010 graduate, Hyatt Shirkey, 30, who received his diploma in May 2010 from Ohio State’s law school, moved to Virginia, where he passed the bar the following July, and decided to open his own practice after juggling several jobs.

    “When I started law school, it was still a great era,” he said. “I had some good experiences, including working for a federal judge in Columbus, Ohio. Then, the end of my second year in school, I saw that law firm offers were being pushed back.”

    “There was a glut of people in the job market, and the only job I could find did not require a law license,” added Mr. Shirkey, who first ran the paralegal studies program for a private college in Roanoke, Va. He eventually found work at the Roanoke public defender’s office but kept his part-time job at the paralegal program and another as a server at a Cracker Barrel restaurant.

    Since then, he found a job teaching contract law at a local community college and opened a solo practice in criminal defense to “build up my experience and reputation” so he could qualify for an opening in the United States attorney’s office. For now, he receives referrals for cases that the public defender cannot take on, but he said practicing on his own was uncertain financially. And, like more than 80 percent of law school graduates, he has substantial student debt.”

    http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-law-schools/law-rankings/page+2

    As you can see, Ohio $tate Univer$ity Michael E. Moritz Commode of Law is co-ranked as the 34th greatest, most remarkable and amazing law school in the entire damn country. Hell, it “only” shares this distinction with the following FIVE toilets: Boston College, BYU, Fordham, Indiana-Bloomington, and UNC-Chapel Hill. Interestingly, this could be an NCAA tournament bracket.

    If Mr. Shirkey graduated from a decent law school – in 2010 – and could not find a job requiring a law license, even after working for a federal pig/judge, how the hell are YOU going to fare when you earn a TTT law degree?!?! Can you come up with a cogent argument as to how YOU will succeed, when those who are smarter than you – or at a minimum have better academic credentials than your sorry ass – have failed?

    At this point, you are only fooling yourself with such idiotic fantasies, waterhead. If you have a family, be responsible and keep your current job – and seek to work your way up in the company. In short, don’t be a dumbass.

    ReplyDelete
  15. You was right about me.

    ReplyDelete
  16. When an Ivy Leaguer can't find employment in law there is obviously something wrong. If I would have known law would turn out this way I never would have gone to law school over twenty years ago. Anyone going now really needs to address mental illness issues immediately.

    ReplyDelete
  17. Oh, I almost left out the best story of all from my doc review days. So on the big pharma review project (Seroquel), there was this really creepy older skinny dude who, immediately upon getting to his workstation, would peel off his shoes. That's not terribly unusual in itself, since a lot of coders kick off their dogs since you're sitting for like 16+ hours in the same chair once you get to work.

    But this guy wore these weird socks, you know: always in a loud color like pink or bright green. Also they were stitched so there was a receptacle for each individual toe, and had like gold glitter lines and shit on them. Weird, right?

    About 2 days into the gig I go to take a leak and here's this guy yakking on his cell phone in front of the urinal wearing nothing on his feet but those socks. C'mon now, who struts around a public restroom like that? Esp. one where like 500 coders a day are pissing and spitting all over the bathroom floor? He was literally standing in a soggy puddle of urine with nothing but those socks on. I'd never before seen a coder who went to the restroom with just stocking feet.

    So after that my crew started calling him "Piss Feet" behind his back. But that's not the funniest part....

    One day we roll on to the job at like 9 am and there's a message on the dry erase board that the URL to get your documents has changed. Apparently the firm had switched software companies or whatever. The staff attorney made like 10 announcements that day to look at the board for the new URL, since obviously w/out it you couldn't pull a batch of shit to review.

    Around 7 pm that night the staff attorney does a routine "cruise by" (kinda like a warden makes the rounds in a prison) to make sure everyone had docs and was actually working and not screwing around, etc. So she rolls by PissFeet's station and he's sitting there in his piss-socks reading a paperback novel under his desk. She says "hey man, is there something wrong? Why aren't you doing work?"

    (I forgot to mention that this gig was uber-Gestapo style and there was basically zero tolerance for blatantly screwing around, etc. We'd use code-words to tip each other off if we were bullshitting with a neighbor and the guy with his back turned didn't see her making rounds: on this gig the code word was "apples." If you had your back turned and were in the middle of a story and your neighbor said "yeah, I like those apples" it was a cue to turn back towards your screen and look busy ASAP. As I said, this shit is much more like prison culture than any sort of "career")

    So she rolls up on PissFeet and catches him red-handed with his nose in a Stephen King book. She says "PissFeet (real name omitted), "what is your problem? Don't you have a batch?"

    PissFeet says "I'm sorry, my machine is broken. I haven't been able to pull a batch since 9 am today."

    So she says: "Piss Feet, you know our URL changed today, right?"

    He plays all dumb and says "It did? When did that happen?"

    She says, "about 11 hours ago- didn't you hear the announcements and check the board?"

    He says, "oh, I didn't know we had to check the board ourselves?"

    Mind you, on doc review there's a dry erase board in each room and, like a preschool, you're told at orientation to check it every day for updates and new rules, etc.



    So to make a long story short, Piss Feet was never seen again after that evening. Hell, the dude didn't even have his computer turned on, much less doing any work. It's called in temp. agency lingo being "rolled off the project." They never come out and say you got fired, or give any feedback or criticism. It's always either "the project ended" (true), or "you were rolled off this project-it wasn't a good fit" (i.e. you were canned for being a retard or troublemaker).

    ReplyDelete
  18. https://www.youtube.com/watch?v=9vST6hVRj2A

    "The Wreck of the Thomas M. Cooley" (with apologies to Gordon Lightfoot and OhioDocReviewer)

    The legend lives on from the lawyers all 'round
    Of the big school they call Thomas M. Cooley
    The school, it is said, gives her grads up for dead
    And its library, they say, is quite roomy

    With a load of student loans, several thousand accounts more
    That the Thomas M. Cooley would soon empty.
    That big scam, it's true, was a turd through and through
    And the fails of its grads come often and early.

    That school was a crime on the American side
    A crummy diploma mill in Mid-Michigan
    As the big toilets go, it was bigger than most
    With a CSO and a dean both well seasoned.

    Concluding some terms with a couple of law firms
    That they sent fully locked and loaded for Kurzon
    And later that month when the dean's phone bell rang
    Could it be that court word they'd been fearin'?

    When Graduation Day came, the old crook (the dean) came on stage sayin'.
    "Fellas, it's tough, but we no longer need ya."
    Nine months later, as employment surveys came in, he said
    "Fellas, your money was good, but now I don't know ya."

    The Dean e-mailed in, he had discovery requests comin' in
    And his TTTT school and job was in peril.
    And later that fight, when the real stats were brought to light
    Came the wreck of the Thomas M. Cooley.

    Does any one know, where the love of God goes
    When your JD gets you just ten dollars an hour?
    The alumni all say they should have dropped out their first day
    Instead they've got nothing but debt and wasted years behind them.

    The alums' marriages split up or they might have suicided;
    Many became broke and went under.
    And all that remains is shame and blame in the faces
    Of the wives and the kids over their blunder

    Ann Arbor expands its rolls, Grand Rapids bursts at the seams
    The dean adds rooms onto his nice Tudor mansion.
    Lansing, Michigan schemes off young naifs' dreams;
    Soon Tampa Bay will be open for morons.

    As everyone knows Cooley's farther below even Touro
    She'll take in any lemming that can find her,
    And the graduates will all go, as the dean and staff know
    With tons of non-dischargeable debt well-encumbered.

    In a musty old hall in Detroit they prayed,
    In the Toileteer Lawyers' Cathedral.
    The church bell chimed till it rang twenty-nine thousand times
    For each grad from the Thomas M. Cooley.

    The legend lives on from the lawyers all 'round
    Of the big school they call Thomas M. Cooley
    Ol' Cooley, it is said, gives her grads up for dead
    And the fails of its grads come often and early.

    ReplyDelete
  19. http://thelawyerbubble.com/2015/04/29/law-school-moral-hazard/

    On April 29, 2015, Steven J. Harper posted an entry labeled "Law School Moral Hazard." Here is the full text of the piece:

    "My article in the Winter 2015 issue of the American Bankruptcy Institute Law Review, “Bankruptcy and Bad Behavior — The Real Moral Hazard: Law Schools Exploiting Market Dysfunction,” is now available on the Social Science Research Network. (Free download)

    Here’s a teaser.

    Loose talk about “the market for law school graduates” and related optimism about future employment prospects for entering students lack analytical rigor. That’s because the job market for new law school graduates is not a single market at all. Rather, graduate employment opportunities vary tremendously across distinct law school submarkets. But tuition and resulting law student debt often bear little relationship to graduates’ employment outcomes.

    Current federal policies, including unlimited educational loans that are not dischargeable in bankruptcy, ignore these differences in law school submarkets and confound the operation of a true market. Those policies allow many law schools to exploit the resulting moral hazard, namely, the absence of accountability for their graduates’ poor employment outcomes.

    I propose a solution that will make many law school deans, admissions officers, and faculty squirm — as they should."

    http://www.stevenjharper.com/index.htm

    Look at this gentleman's bio. He was a litigator for big-ass firm Kirkland & Ellis LLP, after graduating from Harvard Law $chool. Mr. Harper also teaches at Northwestern University, as an adjunct professor. In other words, his credentials couldn't be much better. Yet, he still speaks the truth about the law school pigs - and that is admirable.

    http://www.law.northwestern.edu/faculty/adjunct/#H

    ReplyDelete
  20. http://www.jdjournal.com/2015/04/29/law-school-graduates-continue-to-struggle/

    JD Journal covered this story in a March 29, 2015 entry from Noelle Price. That piece was labeled “Law School Graduates Continue to Struggle.” Take a look at the following portion:

    “Many 2010 graduates said that they were “too ashamed to admit [they] have not found a legal job” to allow their names to be mentioned at all. One graduate said that he did not want to draw attention to his job situation and that he was “doing rote legal temp work on the side to pay rent.” He added, “I dare not put it on my resume because it makes you instantly nonprestigious and unemployable.”

    Troy Pickett, of Houston, worked as a bartender in Austin before attending law school to become a mergers and acquisitions lawyer. He decided to open his own law firm. When asked about his decision to attend South Texas College of Law in Houston, he said, “I began to realize that I had set the bar too high, but I kept thinking that if I could get my foot in the door, I could do it.”

    Pickett noticed that fewer firms were recruiting on campus, and that job offers were disappearing. He said, “It was a double whammy. Our class was also competing with third- and fourth-year associates who had been laid off,” he said. Upon passing the bar exam, he and another classmate opened their own practice, which handles family law matters.”

    The law school swine were allowed to continue their swindle, partly due to the fact that MANY attorneys wanted to act as if they were successful – even when they were piss poor and struggling. Now that MANY law grads have revealed that this is a garbage “profession,” the cockroaches are finding it hard to fill seats. By the way, this is the case despite the fact that ABA-accredited trash pits have lowered their admi$$ion$ “standards” to PATHETIC levels.

    http://www.bloomberg.com/news/articles/2015-01-06/getting-into-law-school-is-easier-than-it-used-to-be-and-thats-not-good

    ReplyDelete
    Replies
    1. After nearly 4 decades of practice, folks still do a double take when I mention I am a solo.

      Like there is some stigma in that.

      I remind them that DaVinci was a solo.

      Delete
  21. Columbia Law has almost doubled the class size since the mid 1970s. Then a class was 275. Now it is 462.

    Unemployed law graduates are not a concern. Their place in the rankings is unchanged because no law school comes close to placing all its lawyers. They all take too many lawyers.

    ReplyDelete
  22. Wow, things are looking up re: the job market for attorneys. Thank goodness I graduated from the West Virginia University College of Law (and passed the bar exam). Maybe if I can get time off from my call center job, I may join.

    Take a look at this announcement:

    Lions, Tigers & Lawyers - Oh My!

    West Virginia State Bar creates Animal Law Committee

    The newly created Animal Law Committee of the West Virginia State Bar is seeking members. This committee will be studying the intersection of law and animals in West Virginia and is open to all State Bar members. If you are interested in this exciting area of law, please email the Committee Chair, Melissa Lyons at melissalyonsesq@gmail.com.

    ReplyDelete
  23. What do you think about websites like 'oxbridge notes' where grads (even Ivy League grads) are now selling their outlines on to current students? Are they complicit in the problem or is it understandable they want to at least get some monetary value back from their law degree?

    ReplyDelete
  24. My son graduated from the University of Chicago Law School (ranked #4 I believe in US News and World Reports, right up there with Harvard and Stanford) in 2011. Despite sending out resumes in the hundreds or more, he has had few interviews and has never had the opportunity to work in the legal profession.

    ReplyDelete
  25. Congrats you individuals are doing with this blog site.cohenbattisti.com

    ReplyDelete

 
Web Analytics