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 And offers to some students were rescinded.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?!?!

Thursday, April 23, 2015

Washington Post Points Out That Law Schools Are Losing Relevance


http://www.washingtonpost.com/business/economy/why-law-schools-are-losing-relevance--and-how-theyre-trying-to-win-it-back/2015/04/20/ca0ae7fe-cf07-11e4-a2a7-9517a3a70506_story.html

Excellent News!: On April 20, 2015, the Washington Post published an article – from reporter Danielle Douglas-Gabriel - entitled “Why law schools are losing relevance – and how they’re trying to win it back.” Check out this blunt opening:

“Law schools across the country are facing their lowest enrollment numbers in years, causing some to slash their budgets and revamp their programs in an effort to attract students worried about finding a job in a diminished legal industry. 

Nearly 46,000 people have applied so far to go to an accredited U.S. law school in the most recent admissions cycle, a figure that puts applications on track to hit just short of 53,000 total. By comparison, there were a total of 77,000 applicants in 2010 and 90,000 in 2004, according to the Law School Admission Council. Even top-ranked Harvard Law School witnessed a drop in applications before rebounding in the last two years. 

Poor enrollment is hurting the bottom line at some schools. Washington and Lee’s School of Law said it plans to cut 12 positions, while Western Michigan University’s Thomas M. Cooley Law School delivered pink slips to more than half of its faculty and staff members last summer. 

Going to law school used to feel like a no-brainer for college graduates seeking financial security. But that calculus has changed, with many firms that suffered during the recession still struggling to fully recover. Last month, Wiley Rein, one of the Washington area’s biggest law firms, cut 48 attorneys and staff members, an estimated 9 percent of its overall workforce. 

“It’s still really difficult for first-years. I’m seeing people with good credentials from good law schools struggling to get jobs,” said Darin Morgan, a partner at Major, Lindsey & Africa, a legal recruitment firm.” [Emphasis mine]

Do you understand that, lemming?!?! Or do I need to spell it out for you with crayon on posterboard?! Those with an IQ above room temperature are avoiding law school in droves, because they are smart enough to face reality, i.e. they have figured out that this is a GLUTTED field. This is not some rant from a bitter law grad. Later on, the piece contained this nugget:

“Law school is not a ticket to financial security,” said Kyle McEntee, a Vanderbilt University Law School graduate who helped found the group Law School Transparency. “There’s just no evidence that the people starting school now are going to end up okay, and to me that’s really concerning.” [Emphasis mine]

The fact remains that taking on an additional $120K+ in NON-DISCHARGEABLE debt – for a chance to enter a SATURATED “profession” – is typically a ticket to financial ruin, not a path to status or security. Unfortunately, too many waterheads feel that THEY will graduate from a third tier commode or fourth tier trash pit, and somehow come out making bank by representing broke-ass clients and “fighting for justice.” These people should be removed from the gene pool, before they reproduce. 

http://www.thefacultylounge.org/2015/01/cost-cutting-in-an-age-of-declining-law-school-enrollment.html

Falling Standards Equal Higher Admission Rates: On January 15, 2015, David Frakt posted a Faculty Lounge entry labeled “Cost Cutting in an Age of Declining Law School Enrollment.” As you can see, the pigs willingly lower their admi$$ion$ “standards” – rather than have some integrity and face more job cuts. Hell, the bitches and hags lay off janitors and non-tenured academics well before offering buyouts and “early retirement” packages to their fellow swine.

“For the last four years, enrollment has dropped each year by about two-thirds of the decline in applicants. If the pattern holds true this year, enrollment will decline by about 5.7%, which would put 2015 enrollment at around 35,750. 

Year      Decline in Applicants Decline in Enrollment 

2011     -10.0%                          -7.7% 
2012     -13.7%                          -9.2% 
2013     -12.3%                          -6.7% 
2014     -6.7%                            -4.5% 
2015     -8.5%                         Projected -5.7% 

For the past four years, virtually every law school in the country has been faced with a choice: lower admissions standards, shrink the entering class size, or some combination of the two. As I have previously noted, 95% of law schools have demonstrably lowered their standards and probably the real number is pretty close to 100%. This can be seen not only by the declining LSAT numbers of entering students, but also in the fact that enrollment has not declined at the same rate as the decline in applications.” [Emphasis mine]

Does anyone with a brain stem want to argue to the contrary? The pigs have been doing this for years, even before 2011. Paul Campos noted this trend, back on December 14, 2012. For $ome rea$on, the cockroaches admit a higher percentage of applicants – even when those prospective students are getting dumber.

Conclusion: In the final analysis, "law professors" and administrators do not give one damn about you, the student or recent graduate.  You are a mere means to an end, i.e. federal student loan money.  If you are still considering a "legal education," then you are an ideal candidate for a brain shunt.

Legions of JDs have been directly financially crushed by their choice to earn a law degree.  The attorneys job market is shrinking, and intelligent college grads are eschewing law school.  These in$titution$ are losing relevance, because they are now actively recruiting - and admitting - morons who have little chance of passing the bar exam and practicing law.  Since these ABA-accredited toilet stalls teach nothing practical, they have always relied on the supposed "prestige" and "flexibility" of the diploma.  Once that facade is removed, what the hell is left?

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.”

Saturday, April 11, 2015

Open Letter to the Graduating JD Class of 2015


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

Average Law Student Indebtedness: Every year, a defunct magazine called US “News” & World Report publishes its idiotic law school rankings and people go crazy over this nonsense. However, it also rates ABA-accredited diploma mills by the amount of debt their students incur. For $ome rea$on, law school administrators and “professors” don’t pay much attention to this chart. Here are the biggest totals for the JD Class of 2014, of those reporting their figures – with the percentage of those taking out loans and the school’s overall rating from USN&WR:

Thomas Jefferson School of Law, $172,445, 91%, TTTT
New York Law School, $166,622, 83%, 127th greatest
Northwestern University, $163,065, 80%, 12th 
Florida Coastal School of Law, $162,785, 93%, TTTT
American University (Washington), $159,316, 83%, 71st “best”
Vermont Law School, $156,713, 84%, 122nd most amazing
Touro College (Fuchsberg), $154,855, 85%, TTTT 
University of San Francisco, $154,321, 88%, 138th
Columbia University, $154,076, 76%, 4th
Whittier College, $151,602, 91%, TTTT

Yes, who wouldn’t want to take out such outrageous sums of NON-DISCHARGEABLE debt, for the mere opportunity to sit for the bar exam, right?!?! Again, these totals do not include debt from undergrad. They also do not take accruing interest into account.

Hell, even Columbia is no longer a safe bet for many students. Since you are about to receive your law degree – and at one point, you viewed yourself as having brilliant critical thinking skills – then you should notice that most of the schools on the list above are low-ranked cesspools that provide their graduates with weak-ass employment prospects.

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

Bureau of Labor Statistics Data: Take a look at the entry for lawyers in the Occupational Handbook, provided by the U.S. Department of Labor. Specifically, focus on the following:

“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]

What portion of that description gave you the idea that you were making a sound financial decision? In the end, YOU need to view law school PRIMARILY as an economic choice – because this will impact you for the rest of your life. If you do not practice law for one damn day, you still must repay the debt. It doesn’t matter if you fail the bar exam, or if people don’t hire your ass to represent them – even after you get your license.

http://www.nalp.org/uploads/NationalSummaryChart2012.pdf

Class of 2013 National Summary Chart: According to the NALP Class of 2013 National Summary Report, 86.4 percent of this massive cohort was employed within nine months of graduation, for those whose employment status was known. Of course, this figure includes non-law positions, attorney jobs, part-time and full-time work, plus long term and temporary posts.

Overall, there were 46,776 members of the JD Class of 2013 – competing for a total of 28,746 jobs labeled “bar passage required.” Keep in mind that not all of those positions were traditional attorney openings. Then again, only 45,592 graduates had their info sent to NALP. Using the entire class size, a mere 61.5% of all JDs ended up finding such legal work, i.e. 28,746/46,776. However, this figure jumps all the way up to 64.4 percent, when relying on those for whom employment status was known, i.e. 28,764/44,637.

Scroll down to page two of this PDF, and go to the subheading Type of Law Firm Job. You will notice that a total of 16,672 members of this class reported working as private lawyers. Presumably, this figure includes desperate solos and recent grads who decided to hang a shingle with their classmates. This represents 37.4 percent of those who supplied their employment status, i.e. 16,672/44,637. Imagine if medical school graduates faced a similar job outlook, after completing their professional schooling.

This is the cohort right before your group. You ignored the extensive articles and signs out there and still took the plunge. If you cannot look out for your own financial self interest, then how the hell do you expect to represent others in legal, personal and financial matters?!?! Apparently, you could not be bothered to conduct a few hours – at most – of online research. At least, the lazy “professors” got paid well – at your expense.

Conclusion: In the final analysis, you cannot avoid the following harsh truths: (a) the U.S. lawyer job market is GLUTTED; (b) outsourcing, LPOs, vendors such as LegalZoom, and other advances in software have taken a serious collective toll on the need for more attorneys; (c) these technological improvements will not slow down and, in fact, will continue to impact the legal industry; (d) law school is incredibly expensive as tuition has SKYROCKETED to disgusting levels; (e) legal academics do not adequately prepare students to practice law; and (f) the law school pigs do not give one goddamn about you, the student or recent graduate. Do you have a financial death wish?! 

Furthermore, as William Henderson of Indiana University Maurer Sewer of Law noted years ago, in his bimodal distribution analysis: if you do not land Biglaw, then you are looking at making $35K-$55K per year upon graduation. Based on this chart from NALP, this still holds true. Do the math, simpleton. You will not be able to reasonably repay $150K+ in student loans, while taking care of your necessities, on a $39K annual salary. Enjoy eating Ramen noodles and living in your parents’ home when you’re 32 years old.

Monday, April 6, 2015

Widener University School of Law is Splitting Its TTTT Campuses and Renaming Them


http://www.widener.edu/news-events/news-archive/2015/law-separation.aspx

The TTTT's AnnouncemenTTTT: Check out this portion of the stench pit’s press release:

“Widener University is pleased to announce the American Bar Association has approved its application to split its [Sewer] of Law, which has campuses in Harrisburg, Pa. and Wilmington, Del., into separate law schools that will operate independently of each other, but remain part of the university. They will be led by separate deans. 

Rod Smolla will serve as dean of Widener University Delaware Law School, the name for the school in Wilmington, Del. 

Christian A. Johnson will serve as dean of Widener University Commonwealth Law School, the name for the school in Harrisburg, Pa. 

The change in status and new names will take effect July 1, the day both deans begin their tenures. New websites for the schools debuted today at harrisburglaw.widener.edu and delawarelaw.widener.edu. 

“This is an exciting time for Widener University and its law schools,” Widener President James T. Harris III said. “The Widener School of Law has offered exceptional legal education for over 40 years. During that time, the two law campuses have grown and developed their own strengths and unique identities. Both schools will benefit from this change as it will allow each campus to showcase their strengths and individuality. This change will allow us to enhance our student services and educational offerings, with separate law school administrations dedicated to the different locations.” [Emphasis mine]

Anyone with an IQ above room temperature can see through this pathetic spin job. By the way, when have the ABA cockroaches not approved an accredited cesspool’s application? 

http://www.delawareonline.com/story/news/education/2015/03/27/wideners-delaware-law-school-gets-identity/70548460/

Other Coverage: On March 31, 2015, the News Journal featured a Matthew Albright piece entitled “Widener’s Delaware law school to get its own identity.”  Look at this excerpt:

“Widener University's law school campus in Delaware will once again be called the Delaware Law School and will have a separate identity and dean from the Harrisburg campus, school officials announced Friday. 

"The Widener Law School has offered exceptional legal education for over 40 years. During that time, the two law campuses have grown and developed their own unique strengths," Widener President James Harris said. "Both schools will benefit from this change as it will allow each campus to showcase their strengths and individuality. This change will allow us to enhance our student services and educational offerings." 

Harris announced that the school's new dean will be Rod Smolla, a visiting professor of law at the University of Georgia, who has previously served as dean of the law schools of the University of Richmond and Washington and Lee University and was president of Furman University. 

Smolla noted Delaware's outsized influence on the country's legal system, especially its corporate law, and praised the "Delaware Way" tradition of "civility, honor and professionalism" in the legal community. 

"As the only law school in the state, we have a special responsibility and a special relationship with the Delaware legal community," Smolla said. 

Delaware Law School opened in 1971. Widener added the Harrisburg campus in 1989, and the schools have jointly operated as the Widener School of Law.” [Emphasis mine]

The article continued:

“The American Bar Association has approved allowing the two campuses to be split into separately accredited entities within the university. School leaders say that will allow the schools to focus on specialties they have developed. The Delaware branch, for example, has a reputation for its programs in corporate and business law, family and health law and environmental law and advocacy.  

The Harrisburg campus will be called Commonwealth Law School. 

Widener Law has about 700 students pursuing Juris Doctor degrees. The Delaware location also offers legal graduate, compliance certificate, paralegal and legal nurse consulting programs.” [Emphasis mine]

http://www.thefacultylounge.org/2013/06/widener-law-may-slim-down-split-into-two-schools.html

Faculty Buyouts Included?: According to this June 5, 2013 entry from Dan Filler, this has been in the works for some time. The post was labeled “Widener Law May Slim Down & Split Into Two Law Schools.” Here is the entire text:

“According to a recent news report, Widener Law is considering following the path of Penn State Law and splitting into two separately accredited law schools: one in Delaware and one in Harrisburg, PA. If both plans come to pass, there will be two new law schools - both located in metro Harrisburg. Hmmm... 

In separate news, but from the same news report, Widener offered 21 law faculty members a buyout. No details on the number who accepted.” [Emphasis mine]

Yes, this school seems to be thriving, huh?!?! Who wouldn’t want to attend this fine in$TTTTiTTTTuTTTTion?

Conclusion: Anyone dumb enough to enroll in this sinking pile of excrement deserves their fate. Do you think – for one damn second – that employers will care whether your TTTTdiploma says Widener or Widener Delaware?! After all, this school is currently ranked as a fourth tier piece of trash – by US “News” & World Report. A name change is not going to improve this toilet’s repuTTTTaTTTTion.

Thursday, April 2, 2015

Financial Hell: Average Law School Indebtedness for the Class of 2014


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

The List: According to US “News” & World Report, here are the schools with the highest average law school indebtedness, for those members of the JD class of 2014 who incurred debt for law school. Keep in mind that these figures do not take interest that accrues while the student is enrolled into account. The second number on each line represents the percentage of each diploma mill’s class who took on such debt:

1. Thomas Jefferson School of Law: $172,445; 91%
2. New York Law School: $166,622; 83%
3. Northwestern University: $163,065; 80%
4. Florida Coastal School of Law: $162,785; 93%
5. American University (Washington): $159,316; 83%
6. Vermont Law School: $156,713; 84%
7. Touro College (Fuchsberg): $154,855; 85%
8. University of San Francisco: $154,321; 88%
9. Columbia University: $154,076; 76%
10. Whittier College: $151,602; 91%
11. California Western School of Law: $151,197; 91%
12. Georgetown University: $150,529; 79%
13. Barry University: $149,175; 95%
14. Chapman University (Fowler): $148,429; 79%
15. Stetson University: $148,394; 83%

Imagine the type of money you would need to make upon graduation, in order to repay those amounts – and feed yourself, acquire health coverage, have reliable transportation, purchase life insurance, and keep a roof over your head. Here is another problem: of the top 15 offenders, only Northwestern, Columbia, and Georgetown are rated in the first tier. This means that they at least place many JDs in Biglaw positions.

http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-law-schools/law-rankings/page+8

Trail of Tiers: Here is a breakdown of these 15 schools, by tiers – courtesy of US “News. TTTT: Barry, Cal Western, Florida Coastal, TJSL, Touro, Whittier. TTT: Chapman, 127; NYLS, 127; Stetson, 105; USF, 138; Vermont, 122. Second: American, 71. First: Columbia, 4; Georgetown 14; and Northwestern; 12. Does anyone with an IQ above room temperature think that the average graduate – of the second to fourth commodes listed above – has any expectation of landing federal jobs or Biglaw posts?!?!

https://lawschooltuitionbubble.wordpress.com/2015/03/10/14-law-schools-didnt-report-2014-graduate-debt-to-u-s-news-again/

Now Including the 13 Cesspools That Didn’t Report to USN&WR: Matt Leichter posted an entry labeled “13 Law Schools Didn’t Report 2014 Graduate Debt to U.S. News, Again” – on March 10, 2015. From his piece:

“Each year U.S. News ranks law schools based on how much debt their graduates take on. The figure excludes accrued interest, but it’s probably the best estimate of the cost of attendance at a particular law school. It’s also, unfortunately, the only source for this information as the ABA does not publicize it in the 509 Information Reports. Here’s this year’s list of absentees and their debt levels in their last reported year: 

Arizona Summit – $190,471 (2015, can be found on the school’s Web site [Interestingly, no one took out private loans…]) 
New England – $132,246 (2014) Faulkner – $122,187 (2014) 
Missouri (Kansas City) – $103,038 (2014) 
Southern Illinois – $67,966 (2014) 
Appalachian – $114,740 (2013) 
Atlanta’s John Marshall – $142,515 (2013)
Florida A&M – $96,934 (2012) 
La Verne – $112,628 (2013) 
Rutgers-Camden – $93,990 (2013) 
Southwestern – $147,976 (2013) 
Texas Southern – $99,992 (2013) 
WMU Cooley – $122,395 (2013)” [Emphasis mine]

Via USN&WR, the following NINE toilets on the list above are rated in the fourth tier: Appalachian, Atlanta’s John Marshall Law Sewer, Arizona Summitt, Faulkner, Florida A&M, New England Law Boston, Southwestern, Texas Southern, WMU Cooley. There are three in the illusTTTrious third tier: Rutgers-Camden, 102; UMKC, 127; SIU, 149. I almost forgot to mention that this table includes one school that is labeled Fifth Tier/Unranked: the University of La Verne. Yes, what “elite” law schools. And what a coincidence that all of these “principled” in$TTTiTTTuTTTions are all in the third tier or lower, huh?!?! What are the odds?

These schools are not refusing to provide these figures to this magazine, out of some sense of integrity. They do so because they want to keep this data from prospective students. Hopefully, those young men and women will view this suspiciously – and decide to avoid these schools/trash pits.

Conclusion: These are backbreaking totals. Also, you still have to pass something called the bar exam – in order to become a lawyer. Plus, you also need people to hire you to represent them on legal issues before you are an actual attorney. For $ome rea$on, the law school swine “forget” to mention this to young people. Otherwise, you merely purchased a graduate degree, for the sake of having a big-ass diploma. 

It simply does not make financial sense to incur an additional $150K+ in NON-DISCHARGEABLE debt, for a law degree from a low-ranked school. While the ratings may be foolish in many ways, they do reflect hiring practices. Simply put, Biglaw may hire one single graduate from a third tier commode. Do you still want to sign on the dotted line?!
 
Web Analytics