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Burdened with Debt, Law School Graduates Struggle in Job Market

nytimes.com

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Re: Burdened with Debt, Law School Graduates Struggle in Job Market

#2
I know someone in this situation. It is sad having $100k+ debt.

That being said seems good thing the country to need fewer lawyers.

With the excess where is the $49hr lawyer available for people? I have seen some on freelancer/uwork sites for $88 but would think could lower than that.

Re: Burdened with Debt, Law School Graduates Struggle in Job Market

#5
post #2

I know someone in this situation. It is sad having $100k+ debt. That being said seems good thing the country to need fewer lawyers. With the excess where is the $49hr lawyer available for people? I have seen some on freelancer/uwork sites for $88 but would think could lower than that.

Maybe they'd be cheap, but they'd presumably be a recently-graduated student desperate for work, with no experience. People don't tend to prefer hiring a lawyer with no experience.

Re: Burdened with Debt, Law School Graduates Struggle in Job Market

#6
post #3

I'm slowly working my way through school again in my mid-30s to go to law school, although so many lawyer friends have advised against it due to an overcrowded marketplace. I really haven't yet decided if I'll actually do it due to such horrid numbers...

Consider reading this:

http://www.amazon.com/Worthless-Young-Persons-Indispensable-...

Or at least watch some of his videos about degrees, e.g.:

"Before You Get Your MBA or Law Degree"

https://www.youtube.com/watch?v=BNQqXyfsye0

Re: Burdened with Debt, Law School Graduates Struggle in Job Market

#7
post #4

What is needed is law school graduate employment numbers broken down by undergrad degree. I would think those who have undergrad in some STEM would be doing better than those with no technical background.

> What is needed is law school graduate employment numbers broken down by undergrad degree.

It's too easy to game these numbers if law schools give their grads little temporary (not necessarily temp) jobs right out of school and then lay them off soon after, once the statistics stop following those people.

Re: Burdened with Debt, Law School Graduates Struggle in Job Market

#8
post #4

What is needed is law school graduate employment numbers broken down by undergrad degree. I would think those who have undergrad in some STEM would be doing better than those with no technical background.

Why would you think that those with a STEM undergraduate degree would do better than those with an arts background?

I think you can extract potential benefits from any degree which could serve you well in practising the law. Take History for example, where you're taking different interpretations of the past, and concocting arguments in support of a particular interpretation, which is similar to what you will be doing as a general litigator.

Re: Burdened with Debt, Law School Graduates Struggle in Job Market

#9
post #8
post #4

What is needed is law school graduate employment numbers broken down by undergrad degree. I would think those who have undergrad in some STEM would be doing better than those with no technical background.

Why would you think that those with a STEM undergraduate degree would do better than those with an arts background? I think you can extract potential benefits from any degree which could serve you well in practising the law. Take History for example, where you're taking different interpretations of the past, and concocting arguments in support of a particular interpretation, which is similar to what you will be doing…

One high profile barrister in the UK commented that a good lawyer has some elements of being a good actor.

Re: Burdened with Debt, Law School Graduates Struggle in Job Market

#10
post #2

I know someone in this situation. It is sad having $100k+ debt. That being said seems good thing the country to need fewer lawyers. With the excess where is the $49hr lawyer available for people? I have seen some on freelancer/uwork sites for $88 but would think could lower than that.

I've been wondering about that to. I think the lawyers from top schools can lateral into other fields easily. The lawyers I know all do something else besides law. One teaches. One rents out bedrooms in his home. One barely scrapes by waiting for the phone to ring, and hoping the person will accept $400/hr.? One got a real estate brokers license.(you don't need any prior experience if you passed the bar.)

I think it will just take time for the profession to realize they will probally not make what other generations made.

I do think there's a huge need for reasonably priced lawyers. Something between Nolo Press and $400 hr.? Some areas of law are pretty straight foreword. If a person without many assets(expensive home--mainly), and just has unsecured debt; a straight chapter 7 is something a lawyer could guarantee.(As long as the client is completely honest?) I'm surprised more don't advertise in that light--instead of hiding their work in mystery.

To any lawyer who tries to scare a client into paying whatever--the climate has changed. We know a little more than we did before the Internet, and Nolo. At least in civil matters.

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