A couple of months back, Jordan Weissmann of Slate and our own Joe Patrice got into an entertaining little dust-up over Weissmann’s assertion that “Now Is A Great Time To Apply To Law School.” The various arguments ranged over — among other things — the available data from the ABA and the BLS, the scholarship of Michael Simkovic and Brian Tamanaha, and the impenetrable mystery that is the “JD Advantage.” We’ll let readers determine who got the best of the debate. (Hint: Joe did.) But as pundits squabble over the value of a JD or the wisdom of the applying to law school in 2014, what are current would-be law students themselves thinking?
Recently, in collaboration with our friends at Blueprint Test Prep, we conducted a survey of 400 Blueprint students studying for the October 2014 LSAT. (We conducted an earlier, different 0L survey in conjunction with Blueprint back in 2012.) Our goal was to get a snapshot of these 0L’s perceptions of the legal education landscape: will it be harder or easier to get admitted? What are the most important factors in choosing a law school? What are law school admission officers looking for? What are employers really interested in?
Read on to see what we could glean from the 0L mind, including their thoughts on why fewer people are taking the LSAT and applying to law school, even as some — à la Weissmann — predict the demand for lawyers will outstrip supply the supply of law school graduates in 2016.
Of course I took an interest in Jordan Weissmann’s Slatearticles saying that now could be the best time to go to law school. He argues that because of the continuing drop in law school applicants and the supposed increase or stabilization in law school recruiting, future graduates have a good chance of getting entry-level positions in law firms or those “corporate positions of distinction.” Despite this, Weissmann warns readers that “most people should not attend law school,” and that “some lower-ranked schools will continue to deliver miserable job prospects for their students.”
But Weissmann’s articles — as well as Elie Mystal’s and Joe Patrice’s excellentresponses to them — did not adequately address one question that was important to me: How seriously do employers consider experienced attorneys for entry-level legal positions?
Click onwards to read about my personal experience applying to one of these entry-level positions, and my thoughts about the advantages and disadvantages of hiring a newbie versus a veteran….
If your Facebook news feed is anything like mine, by now you’ve probably seen the Slate article encouraging people to “Apply to law school now!”, as well as Joe’s biting reply. The beef has gone back and forth. I’m not going to debate the job numbers; that’s been handled more than ably, and those who are willing to make an honest assessment of the job market already have.
Instead I am going to focus on the human cost of losing the law school lottery….
Elie here. Everybody wants a deal. Everybody wants to “beat the market,” and the internet makes us think that we can. If a baby with an e-Trade app can make money, why can’t you? Buy low, sell high: I’m sure I read that on a bumper sticker somewhere, or maybe in the New Yorker.
Increasingly, the internet thinks it’s identified just the right undervalued asset to snap up at a discount: legal education. The decline in law school applications has been sharp and truly shocking to some. It doesn’t make sense that a law degree would suddenly be much less valuable now than it was 5 or 10 or 20 years ago. The value should rebound. The world still needs lawyers. And if you haven’t noticed, or just disregarded, long-term structural changes in the market for legal services, the fact that every law dean will tell you that the market rebound is right around the corner gives you more confidence in your logical assessment. It’s not like every law dean in the country would lie about the value of their product, right?
We can and will continue to debate the likely future value of a legal education. But can we dispense with the notion that purchasing full-price legal education right now involves “buying low”? You are not buying low, you are buying at historically unprecedented heights. Nobody would put “Buy high, hope to sell at fair market price in three years” on a bumper sticker.
And nobody should be putting that on the internet either….
* As I noted yesterday over at Redline, the defense in the NCAA trial is putting up some terrible witnesses. Here’s another example. The NCAA’s expert wrote a textbook. The NCAA might have wanted to check it out before bringing him on to help defend themselves IN AN ANTITRUST CASE. [Twitter / Stewart Mandel]
* Hong Kong lawyers protesting what they see as China meddling. Honestly can you blame China? Ever since Hong Kong let Batman just swoop in and grab that guy, you can’t really trust the Hong Kong legal system. [Reuters]
Many of you have by now seen the Slate article by Jordan Weissmann published yesterday afternoon entitled Apply to Law School Now! Indeed, many readers sent this particular piece along to us through our tips line, deeply concerned. Indeed, one tip came with the message: “Waiting for Elie’s head to explode in 3, 2, 1…”
Well, we’re here to make a confession. Slate sent us a draft copy of this article to edit and darned if we forgot to email over the redlined copy. This piece is therefore totally on us, guys. Don’t blame Slate.
In the interest of rebuilding Slate’s reputation, we’ve attached our redline so we can see how the article would have read with proper editing….
This map, courtesy of Matt Leichter at the Law School Tuition Bubble, is a representation of the lawyer glut in America through the year 2011. Things may have changed slightly since then, but this is still a fairly accurate portrayal of the problem the legal profession is facing. If your state is in the red, then your chances of finding a job as a lawyer will be just as slim as your bank account balance.
Wait a second, almost the entire country is in the red. Congratulations, graduates, because it looks like you just walked straight into the Hunger Games of job searches. May the odds be ever in your favor.
So which states are the worst for law school graduates who are desperately in search of work?
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: email@example.com.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at firstname.lastname@example.org or email@example.com. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
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