Those inside the legal bubble know that it’s a terrible time to be graduating from law school, so as Ashby Jones notes, this Wall Street Journal article about the sucky job market for law grads holds few surprises. Well, really no surprises: it’s tough this year for law grads.
But it’s good that the Wall Street Journal is spreading the word outside of the legal bubble, letting non-lawyer readers of the WSJ know that the law school golden ticket is currently tattered and torn:
The situation is so bleak that some students and industry experts are rethinking the value of a law degree, long considered a ticket to financial security. If students performed well, particularly at top-tier law schools, they could count on jobs at corporate firms where annual pay starts as high as $160,000 and can top out well north of $1 million. While plenty of graduates are still set to embark on that career path, many others have had their dreams upended.
If you’re having a hard time explaining to non-lawyers just how shattered your dreams are, send this article along to them. It lays it out in a clear and concise matter, and includes simple, pretty charts explaining the supply-and-demand problem in the legal job market.
Now, what should you do if you’re in the enviable position of having post-graduation employment lined up?
If your dreams aren’t as shattered as your classmates, keep it on the down-low:
[I]t is bad form on campuses to bask in one’s success, said Sue Landsittel, a Northwestern law student who will clerk at the 9th U.S. Circuit Court of Appeals in Seattle and join a top corporate firm after that. “You want to celebrate your own good fortune, but you have to remember it’s a delicate issue.”
Well, congrats to you, Sue.