New York Times: WITH apologies to show business, there’s no business like the business of law school.
The basic rules of a market economy — even golden oldies, like a link between supply and demand — just don’t apply.
Legal diplomas have such allure that law schools have been able [...]
ABA Journal: Replying to a Sunday New York Times article on law school economics that obviously hit a nerve, the dean of New York Law School today said that prospective students are not, as the article seemingly implies, “sheep who do not know that we live in challenging economic times.”
Many read [...]
The National Law Journal: U.S. Sen. Barbara Boxer isn’t the only politician worried about the plight of jobless young lawyers. Sen. Chuck Grassley (R-Iowa), the ranking Republican member of the Senate Judiciary Committee, sent a letter on July 11 to American Bar Association President Stephen Zack asking for written responses to 31 questions [...]
Law.com: An ABA committee is leaning toward extending job protections for law school clinicians, writing instructors and other nontraditional faculty in a way that would stop short of traditional tenure.
The Standards Review Committee on July 10 voiced initial support for a proposal to require that schools at least provide full-time faculty members [...]
Wall Street Journal: Looking to attract employers’ attention, some law schools are throwing out decades of tradition by replacing textbook courses with classes that teach more practical skills…
ABA Journal: Starting pay is down for 2010 law graduates, and the drop is greatest for law firm jobs.
Median starting pay dropped by nearly 13 percent for all jobs and by 20 percent for law firm positions, according to NALP, which calls itself the association for legal professionals.
ABA Journal: The legal profession is undergoing a massive structural shift—one that will leave it dramatically transformed in the coming years.
There’s no doubt that the financial crisis beginning late in 2007 was for most lawyers a game-changer, prompting drastic measures as firms laid off thousands of associates, de-equitized partners, and [...]
ABA Journal: “Scambloggers,” a term used to describe people whose writing focuses on the allegedly misleading way that law schools market themselves to potential law students, plays an important part in the profession’s evolution, according to a recent article in the Minnesota Journal of Law, Science & Technology.
Lucille Jewel, an [...]
ABA Journal: All but two states and the District of Columbia have an oversupply of lawyers, according to a consulting company’s calculations.
Economic Modeling Specialists Inc. compared the number of people who passed the bar exam in each state in 2009 with the estimated number of lawyer job openings in those states, according to the [...]
ABA Journal: U.S. News & World Report will probably change its law school ranking methodology to reflect the new and more detailed job placement information the ABA’s law school accrediting arm has conditionally agreed to start collecting.
ABA Journal: A handful of law schools have announced plans to shrink their incoming classes, leading to speculation about the reasons why.
Is the move designed to better students’ chances of landing a job or to better the schools’ rankings in U.S. News & World Report? Inside Higher Ed points out that law schools with [...]
ABA Journal: A recent law grad is getting some support for his assertion that the Federal Trade Commission could investigate whether law schools are violating federal consumer protection law.
Joel Murray, a recent graduate of the University of California at Davis law school, posted a paper outlining his conclusions at the Social Science Research Network, [...]
Law School Transparency.com:
The ABA Council on Legal Education and Admissions to the Bar completed an enormous step this morning towards helping prospective law students make informed decisions. The Council, which is the sole accrediting body for U.S. law schools, unanimously approved the Questionnaire Committee’s recommended procedures for the improved collection and sharing of [...]
TheCareerist: This article discusses the troubles some law grads laid off from BigLaw jobs cannot find jobs, and how there soon could be a lost generation of lawyers. The article states:
“Normalcy has returned to the profession–but not for everyone. Certainly not the so-called Lost Generation–those unlucky newbie lawyers who lost their jobs (or never [...]
A former law student of Thomas Jefferson made headlines after suing her former school claiming she never would have attended the school if not for the employment statistics the school was advertising. Now, the law firm representing her setup a website looking for other students interested in joining the lawsuit.
ABA Journal: A recent report shows only 68% of 2010 law grads have found a job requiring bar passage an all time low.
The New York Times has a lengthy indictment of law school education and law schools. If you are considering going to law school, this is a must read article. It’s available today without registration, but the NYT usually puts their articles behind a registration wall after a short period of unrestricted visibility. If [...]
The Chronicle of Higher Education: “I presented evidence that a large portion of those receiving bachelor’s degrees at American colleges and universities these days are getting jobs requiring less-than-college-level educational skills. . . . Looking at BLS data for 2008, over 10,500 persons with Ph.D. or professional degrees were employed as “cashiers” (excluding gaming); over [...]
Forbes: “Higher education’s price-earnings ratio looks like Nevada housing circa 2007. . . . Many people now understand that this system of tax-and-lend has created a multigenerational housing bubble. But only a few have noticed that a very similar tax-and-lend system has also created a multi-generational higher education bubble. . . . But [...]
The Economist: “Graduates’ chances in the job market have worsened since the ‘great purge’ of 2009, when firms laid off young lawyers and withdrew job offers. The National Law Journal says that the 250 biggest firms cut their numbers of attorneys by 4% in 2009 and were projected to cut by another 1.1% [...]
Miami New Times: “students facing six-figure debts and zero job prospects are howling that JDs aren’t much more than university approved shams. . . . The new program, called the Legal Corps, will place graduating students without job offers at public agencies, public interest organizations and judicial chambers for six months. The firms [...]
New York Times: “Kaplan and other for-profit education companies have come under intense scrutiny from Congress, amid growing concerns that the industry leaves too many students mired in debt, and with credentials that provide little help in finding jobs. Reports of students who leave such schools with heavy debt, only to work in [...]
National Law Journal: “People smoke. People speed. They don’t exercise or get enough sleep. They go to law school. By now, everyone is aware of the consequences of these actions. In fact, they have known them for some time. The question is: who is responsible? “
Arizona Republic: “Arizona’s state universities are on a fast track to making some of their professional schools financially self-sufficient, an unprecedented shift that would mean higher tuition to cover the loss of state funds for operations. Arizona State University’s Sandra Day O’Connor College of Law is the first school slated to convert to [...]
Washington Post: “The demand for lawyers has fallen off a cliff, both due to the short-term crisis of the recession and long-term changes to the industry, and is only starting to rebound. The lawyers who do have jobs are making less. At the same time, universities seeking revenue have tacked on law schools, minting more [...]
The National Law Journal: A recent paper in the Journal of Legal Education investigates the consequences for law school graduates that fail the bar exam on their first attempt. “during the first five to 10 years out of law school, those who don’t pass the bar lag far behind their peers who do [...]
Slate: “Law schools are manufacturing more lawyers than America needs, and law students aren’t happy about it. . . . a number of recent or current law students are saying—or screaming—that they made a mistake. They went to law school, they say, and now they’re underemployed or jobless, in debt, and three years [...]
National Law Journal: “Veritas, a law school admissions consulting firm, polled 112 prospective law school applicants in June and July, and 81% said they would still apply even if ‘a significant number of law school graduates were unable to find jobs in their desired fields.’ Only 4% said they would not apply to [...]
The National Law Review: “Those themes emerged during the two-day FutureEd 2 conference last weekend at Harvard Law School — the second in a series of three conferences sponsored by Harvard and New York Law School devoted to generating ideas and consensus about how to make legal education more relevant in light of [...]