Wall Street Journal comments by lawyers shred law school industry
On April 23, 2015, the Wall Street Journal ran the following article detailing the continued downward trajectory of the deceptive and disgusting legal education industry: Law School Applicant Pool Still Shrinking.
The comments to the story are illustrative of the life that awaits, lemmings:
Avoid Law School wrote:
Now is a horrible time to go to law school. With the ongoing market correction, the cost of tuition has dropped at many law schools and should continue to decline. Why pay more tuition now when you can pay significantly less simply by waiting out a cycle or two. Additionally, the law job market is still dismal due to technological replacement and outsourcing of law jobs. The legal profession is in turmoil and now is most definitely not the time to enter it.
Unemployed Lawyer wrote:
As an underemployed and now an unemployed lawyer, I recommend NOT going to law school. There are still something like two to three lawyers for every job [NOTE: yes, even the low-paying jobs!]. Even if law schools stopped operating today, it would take years for the excess to be absorbed. And you cannot do anything with a law degree except be a lawyer. The JD makes it very difficult for you to obtain non-legal employment. It's a scarlet letter. Supply still vastly exceeds demand for lawyers. The real demand is for accountants, programmers, healthcare workers, financial analysts, etc.
Surprised wrote:
The Bloomberg article relies on the statistic that summer associates at major law firms are getting full-time offers at a higher rate than in previous years, but completely ignores that 90% of law students will never get an offer to be a law-firm summer associate to begin with (and if you're not a summer associate it's highly unlikely that you'll ever get hired by one of these firms). The reckless disregard Bloomberg and the WSJ have here is startling and downright baffling. There is no current scarcity -- previously there was perhaps 5 times the number of graduates as the economy demanded and now there are 4 times as many. Dig just a little bit into the statistics. Review what the non-profit Law School Transparency is posting.
Perfect Time wrote:
to Buy Enron Stock, too. It must be more valuable, now that less people want it. Law schools are scum. Despite 40% drop, no law schools have closed. Law schools are run by law faculty for the benefit of law faculty: 2-4 hours of teaching a week, Sabbaticals, Tenure, Summers Off, six-figure salaries, and other goodies. It won't get better until the system changes. Despite all the free time these faculty members have, there is no leadership. The ABA is worthless. Law schools have not changed much since the 1890's, the only thing that has changed is that tuition is much higher, law schools have lowered admission standards, and there is a huge surplus of graduates.
Sy Abelman wrote:
Take it from a 25 year veteran attorney. I am blogging on a Monday morning because I have no work or no new clients. I am not lazy or stupid. My diary is empty for the week. I used to have three to four matters up daily prior to 07. In Illinois alone, there are 91,000 lawyers and just 55,000 Walmart workers. Think about that. My buddy who's out 30 years was almost in tears because he had no work and a child in college.
wonder man wrote:
The source of the "too many" lawyers arises from the fact that law faculties and deans have a self interest in increasing the number of law students. They must do that to provide themselves with the revenues they need to support their supra competitive salaries and benefits. One wonders why law students have not taken stood up and demanded give backs from faculty and deans? One wonders when the law school bubble burst--or just deflate to the point of collapse. Not a good time to go to law school or work in one.
