* Rick Santorum and the Sweater Vests can join Rick Perry’s ballot access lawsuit in Virginia. It’s funny, because at this rate, Perry will have dropped out before the first hearing. [Washington Post]
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We mentioned this in yesterday’s Morning Docket, but I think it deserves a full post. For a long time, I have been questioning the value proposition of going to law school. Finally, it seems that somebody who can operate a calculator has my back.
The National Law Journal reports that Jim Chen, Dean of the Louisville School of Law, has come up with an easy-to-apply salary figure to determine whether law school was a financially sound decision on a case-by-case basis.
If you want to go to law school and one day be able to own a home, Chen argues you need to have a salary that is three times your law school’s annual tuition. You need to earn six times your annual tuition if you want to be a truly financially sound home owner if you are carrying three years of law school debt with you.
I’d like for people who constantly defend the value of law school to start pointing out the high-salaried jobs that are needed to make law school worth it….
The University of Chicago Law School Offers Detailed Employment Data; Will Other Schools Follow Suit?By David Lat
The battle for greater law school transparency, for more accurate and complete information from law schools regarding the jobs obtained (or not obtained) by their graduates, has many fronts. Some advocates for transparency work through organizations, such as the Tennessee non-profit Law School Transparency. Some have turned to the political process, where the issue of transparency has attracted the attention of several United States senators. And some have looked to litigation, suing law schools for providing allegedly misleading data about post-graduate employment outcomes.
Here’s an interesting idea: what if law schools just started posting comprehensive, accurate employment data on their websites? On a voluntary basis — not compelled by politicians, lawsuits, or the American Bar Association (ABA)?
Wouldn’t that be great? And wouldn’t it be helpful to prospective law students trying to decide whether it’s worth investing three years of their lives, and a large amount of (often borrowed) money, to pursue a law degree at the school in question?
Take a look at what they’re now doing at the University of Chicago Law School. Could it perhaps serve as the model for law school reporting of employment data?
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* Law school debt increased by $475M between 2008 and 2010. Grab a raincoat, because this bubble’s going to burst soon, and it’s not going to be pretty (except for Cooley Law; they’ll be rich). [Am Law Daily]
* UC Berkeley: “We never like to hurt our students.” Yeah, apparently that’s what the police are for. Occupy Berkeley protesters are suing the school over police brutality allegations. [Huffington Post]
[L]aw school is a very risky (and expensive) investment; it should not be entered into lightly…. [E]ach potential student’s calculus will be based on a host of factors unique to him or her. For some, like an English major (relatively low opportunity costs) who gets some scholarship assistance (somewhat lower out-of-pocket costs) to attend Harvard Law School (relatively high pay-off), the investment in a legal education is almost surely a no-brainer.
(Additional excerpts and discussion, plus links, after the jump.)
Back in August, we reported on National Jurist’s fifth annual list of the 60 Best Value law schools. The Best Value ranking system takes into account the following criteria: in-state tuition, average student debt, the percentage of graduates employed nine months after graduation, and bar passage rates.
Two months ago, the list was unranked, but the final tallies for the honor roll have now arrived. As in years past, in addition to the rankings, National Jurist has given letter grades to the rest of the schools on the list, ranging from A- to F. Wouldn’t you hate to be a student or an alumnus of a law school with a failing grade?
Check and see if your school made the grade, after the jump….
Whenever I ask law school deans to explain their BS employment statistics, they just shovel more BS my way.
But maybe if students themselves asked where these figures come from, they’d get some straight answers.
One student, at a law school that at this point is undisclosed, asked her dean why the school’s employment statistics were clearly misleading. And it looks like the dean broke things down for her.
She used the information to tell another story of the 99%….
We’re a little tardy to the party on this one, but today we have some news for law students that could possibly put some money into their pockets, all courtesy of the ABA.
Shocking, right? Law students, you’ll want to take part in this sweepstakes, but act fast, because it all comes to an end on Halloween….
Make a law that for every student graduating from law school, he replaces an existing lawyer. That existing lawyer is then sent to an island to make dog bonnets and leg warmers. In a way, it’s a lottery designed to dissuade people from wanting to be lawyers, and increase the quality of our nation’s dog bonnets and leg warmers.