DailyDirt: So You Want To Be A Lawyer..?
from the urls-we-dig-up dept
Lawyers often get a bad rap -- sometimes rightfully so. But does the entire profession really deserve endless lawyer jokes and derision? Despite the hate, thousands of people still study to become lawyers, racking up a pretty hefty amount of student debt in the process. Here are just a few interesting links for those of you who might be considering (or going through) this educational process.- Some big law firms haven't held up well during the recession, and 12 major firms with over 1,000 partners have disappeared over the last decade. There are still about 150-250 firms that belong to the Big Law club, but it's not entirely clear if the business cycle will continue to support the traditional business models of large law firms. [url]
- Roughly, about 44,000 new law school students graduated in the last year, but only about 21,800 new jobs for them exist. And it's not unusual for students to have over $150,000 worth of student debts for their education. [url]
- Maybe it's not all bad news for lawyers: a recent study concludes that the average lawyer will earn about $1 million more than the average college grad over the course of their career. Ahem, past performance is not indicative of future results -- but you can read the study yourself to see if you agree with its assessment of the economic value of a law degree. [url]
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Filed Under: career, economic value, education, law degree, law school, lawyers, profession, student debt
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http://www.abajournal.com/news/article/americas_richest_lawyers_dont_practice_law/
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ahem. my answer, as always...
http://en.wikipedia.org/wiki/Betteridge's_law_of_headlines
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Well DUH!
So we have about 20,000 new "lawyers" without a job trying to find a way to pay off $150K worth of debt... is it really so surprising why there's so much abuse of the legal system?
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Re: Well DUH!
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