Despite calls for change from the highest of authorities, law school tuition is still too damn high. In fact, for most recent law school graduates (myself included), it’s financially crippling.
Sure, class sizes have gotten smaller — whether due to law schools’ attempts to rightsize or due to lack of interest from prospective students — but tuition hasn’t. Some schools have managed to keep it flat (albeit at too high of a level), but others have had the nerve to dramatically increase tuition in these trying times for legal education.
Given how resistant the old and gray occupants of the ivory tower are to change, perhaps some frightening predictions about the future of law school tuition will help them open their eyes. If you think you’re hurting for students to fill the seats now, just wait until it costs $78,000 a year to attend…
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?
Your J.D. isn't actually like this, but it costs WAY more.
As we mentioned in Morning Docket, there was a brilliant piece in Am Law Daily the other day about the “versatility” of a J.D. — or lack thereof. Matt Leichter argues that if you believe your J.D. is a utilitarian degree, you are living in an illogical dreamworld.
Of course, nobody ever accused prospective law students of being logical. Many people justify time and treasure expended on going to law school on the supposed versatility of the J.D., and like most things involving the decision to go to law school, the students have done little research to back up the claim.
That thought about the degree is so ingrained that you regularly see vast numbers of students heading off to law school who say they don’t want to be lawyers. Think about that. You don’t hear med students say, “I don’t want to be a doctor, I just thought it would be good to know how to save a life.” Heck, you don’t hear plumbers say, “I didn’t really want to be a plumber, but you never know when being able to make raw sewage flow freely will come in handy.”
Make no mistake, going to law school in order to do non-law stuff is stupid….
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.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.