From Monday's WSJ:
"Members of the law-school class of 2011 had little better than a 50-50 shot of landing a job as a lawyer within nine months of receiving a degree, according to a Wall Street Journal analysis of new data that provides the most detailed picture yet of the grim market for law jobs.
Under pressure from disillusioned graduates and some professors, the
American Bar Association for the first time released a tally of the
previous year's graduates who have secured full-time, permanent jobs as
lawyers. Until recently, the ABA required law schools to report only
general data about how their graduates fared, such as how many were
employed full-time or part-time in any kind of job, whether or not it
required a law degree.
The numbers suggest the job market for law grads is worse than
previously thought. Nationwide, only 55% of the class of 2011 had
full-time, long-term jobs that required a law degree nine months after
graduation. The ABA defines "long-term" jobs as those that don't have a
term of less than one year."
MP: An interactive graphic accompanies the article, and reveals that graduates of even some of the top law schools are having a hard time finding full-time work in jobs that require a law degree: less than 66% of the graduates from Georgetown Law (tuition of $50,000 per year) and only about 75% of the graduates from University of Michigan are employed in jobs that require a J.D. degree.
Interestingly, the word must be getting out that law school graduates can't find work - the number of students taking the LSAT this year fell to an 11-year low, see chart below.
With supply going up, rates charged for legal services should drop, right?
ReplyDeleteit is not that difficult to avoid lawsuits if you behave reasonably
ReplyDeleteI do behave reasonably. It's the other guy that doesn't.
ReplyDelete>>> require a J.D. degree.
ReplyDeleteThey graduated from Reform School?
:^D
>>>> it is not that difficult to avoid lawsuits if you behave reasonably
Cabodog: I think we should get a lawyer to initiate a class-action lawsuit against bix for posting on this blog... who's with me?
:^D
bix1951 said...
ReplyDeleteit is not that difficult to avoid lawsuits if you behave reasonably
it is possible to avoid losing too lawsuits if you behave reasonably.
as for avoiding getting sued? ask any ladder manufacturer...
PS: My bride says the legal market in 80-81 was pretty grim as well. That's how we ended up meeting and marrying She had become a JAG Officer...
Deflating of the law bubble?
ReplyDeleteI wonder it there are similar tracking for other professions, I know several for the technical fields but what about history majors, women studies, etc. The ABA numbers shine a spotlight on this bubble -- it would be interesting to see others.
ReplyDeletebix-
ReplyDelete"it is not that difficult to avoid lawsuits if you behave reasonably"
not if you are a public company.
try missing a quarter as a small company and watch the pig pile of lawsuits from scummy lawyers trying to shake you down.
what we really need is to move to a standard of "loser pays" legal costs if a suit is deemed frivolous.
this would allow companies to defend themselves vigorously against such outrages instead of finding it cheaper to just pay off the attack dogs.
"Law Grads Face Brutal Job Market"...
ReplyDeleteGood!
Screw the ambulance chasers...
"it is not that difficult to avoid lawsuits if you behave reasonably"
ReplyDeletenot if you are a public company.
People face frivolous lawsuits all the time, regardless of how they behave. And it's not just companies, either. Anyone remember the case where a robber sued the man he was robbing because the robber fell through the roof?
jon-
ReplyDeletewell, compared to suing mcdonalds for serving hot coffee that you spilled in your lap because you chose to drive with it in between your legs, that roof suit seems downright reasonable.
what ever happened to tar and feathers? it seems like we could benefit from a comeback of that oldie but a goodie.
"it is not that difficult to avoid lawsuits if you behave reasonably"...
ReplyDeletebix consider perusing the site Overlawyered...
Chronicling the high cost of our legal system
It would be nice if law school grads had the same employment opportunities as puppeteers and dancers.
ReplyDeleteJon M:
ReplyDelete"Anyone remember the case where a robber sued the man he was robbing because the robber fell through the roof?"
Yes, I remember that, but I don't remember the outcome.
That example just reinforced my belief that people who break into someone's home shouldn't be allowed to live to cause further mischief.
it is not that difficult to avoid lawsuits if you behave reasonably
ReplyDeleteThere is someone obviously not married to an OB/GYN
Let's eliminate the licensing of the legal profession, and let the field wide open.
ReplyDeleteTime for lawyers to be paid like what they are or should be: high-class clerks.
Simplify law, contracts, everything.
juandos said... "Law Grads Face Brutal Job Market"... Good! Screw the ambulance chasers...
ReplyDelete____________________
More or less my sentiment.
Although I don't hate ALL lawyers... just the ones who go around suing corporations, government agencies and wealthy individuals.
The rest of them aren't so bad.
"it is not that difficult to avoid lawsuits if you behave reasonably"
ReplyDelete____________
If you run a restaurant, just don't serve coffee that is hotter than 100 degrees (Farenheit).
>>> It would be nice if law school grads had the same employment opportunities as puppeteers and dancers.
ReplyDeleteLOL, they do. In all cases, the individual has to MAKE work for themselves.
Unfortunately, for lawyers, that's not a feature, it's a bug.
>>>> Although I don't hate ALL lawyers... just the ones who go around suing corporations, government agencies and wealthy individuals.
ReplyDeleteThe rest//// other three of them aren't so bad...
Corrected it for ya. Glad to help.
"It would be nice if law school grads had the same employment opportunities as puppeteers and dancers"...
ReplyDeleteThey can courtesy of the Kenyan Kommie Klown...
Obama prepping thousands of lawyers for election
'Obama's campaign says it is particularly concerned about the implementation of new voter ID laws across the country, the possibility of anti-fraud activists challenging legitimate voters and the handling of voter registrations in the most competitive states'....
juandos
ReplyDelete"They can courtesy of the Kenyan Kommie Klown...
Obama prepping thousands of lawyers for election"
That's excellent news! Perhaps that will keep them occupied so they won't have time to pester productive people.