This isn’t the first and it won’t be the last time we have to knock down this ridiculous argument. There’s simply a lot of money invested in making prospective law students believe it.
And it makes a certain kind of sense. We’ve extensively reported on the decrease in law schools applications. We’re at all-time historic lows. It’s a comforting and mathematically banal argument that the lack of applications now will lead to a dearth of law graduates in 2016, which will mean great times(!) for the class of 2016. More importantly, law schools want people to believe those brave enough to apply to the class of 2017 will benefit from an “undersupply” of new lawyers by the time they graduate. I promise you more than half of the class at Cooley actually believe this crap.
The problem, of course, is that it’s not true. It’s not true, and the people who say it’s true have no evidence that it’s true. Heck, there’s an “undersupply” of lawyers right now, if you look at poor and low-income clients. But that hasn’t actually resulted in a vibrant hiring market for new and recent graduates now, has it?
It’s a bad argument, but let’s walk through it so you have something to link to when you hear it from friends who don’t know how to use Google….
Living in a post-Oprah Show world is tough for people like me. Oprah was the one who convinced many that no matter what happens in your life, it’s not your fault. There’s always how your mother treated you, how you were bullied in third grade, your bad relationships, and, of course, the law school that held a gun to your head while showing you fake statistics and promising a job handed to you at the same time you shake the dean’s hand and receive your degree.
While I believe anyone stupid enough to choose a law school based on their job placement statistics should never, ever, ever, be a practicing lawyer, there are many of you out there. Even though you should run as fast as you can to another profession or career, I want to help you at least try to find a legal job so in a year you can realize that the real problem is that you never wanted to be a lawyer anyway — you were just looking for some easy cash, like everyone promised.
As a favor to you, and for the five-figure fees I receive at ATL for writing this column, I provide these little nuggets of weekly advice which are both appreciated (privately) and excoriated (anonymously). I realize one of the problems that causes seemingly intelligent people with law degrees to respond with unintelligible rants about how I “don’t understand” is that I am actually working, as a lawyer. As misery loves company, there is the notion that because I’m not sitting in my parents’ basement lashing out at the computer screen in an effort to convince people not to go to law school, I am just wrong.
So before you throw in the towel and go to that world of becoming a social media rock star, I want you to know that I’m not the only one out there giving you advice that does nothing but anger you. There’s also Anna Ivey….
Hello again from the 2013 annual education conference of the Association for Legal Career Professionals (aka NALP). People here are very friendly — although, as noted earlier, the law firm folks tend to be more welcoming to us than the law school crew.
That’s to be expected, given our sometimes critical coverage of law schools. We seek to promote consumer awareness when it comes to legal education, but some schools — especially those schools with weaker job outcomes for their graduates — perceive this as an attack.
Yesterday I attended a NALP panel discussion about law school transparency. In the course of discussing what we talk about when we talk about transparency, the panelists provided five defenses that law schools can use when faced with criticism over unemployed or underemployed graduates….
I don’t know about everyone else, but when I was in law school, I would sometimes feel like a little kid again. And to answer your first question, no, it’s not because of the low level of education I received at my TTT. Instead, I was reminded of my childhood, when I used to play sports in the backyard. I imagined that the game was in its final seconds, and I would win it all by making that big final play. But as childhood fades, so too does some of the fun of life.
What’s the proof of this? What once was a childish fantasy became a legal fantasy when I became an adult. That’s right, in law school, I would sometimes daydream about being a big-shot attorney, with a huge, O.J.-sized case. I would spout off some legal jargon to the amazement of the jurors in my closing, and then they would come back after only a few minutes, giving my client the “win,” and making me very, very wealthy at the same time.
Just like my dreams of athletic glory, this dream now seems far-fetched. The résumés and cover letters continue to rack up in my sent mail box, but nothing except spam, CLE event notifications, Groupon ads, and messages from ugly girls on Match.com fill my inbox. Things have become so bad that I would even welcome a simple acknowledgement that my application was received….
Today we have a more subtle question: should a rising 2L take a year off? He doesn’t have a job or any prospects or anything, but the kid wants to know if hitting the “pause” button on his legal career will do him any good.
Let’s break this down. And don’t forget to take our poll and add your own advice, in the comments….
We’ve done a surprising number of stories about law school career service officers who push babysitting gigs on their unemployed students. I say “surprising” because after our first story, you’d think law schools would figure out that law students don’t like being put up for jobs that they could have secured in high school.
Since that first one, most CSO personnel and other law school staffers have figured out that babysitting jobs are best when the employer is a professor or somebody else connected with the law school. Then it’s less of a “career of last resort” and more of “helping out a member of your community” (who happens to be well-connected).
But it looks like one school has regressed to the point of just insulting its students with a babysitting ad that kind of rubs salt in the unemployment wound….
Law students are coming back to campus now, mainly for on-campus interviewing. How is 3L recruiting going for you, class of 2013?
Ha ha, just kidding. Hopefully when these kids decided to go to law school back in 2010 — despite overwhelming evidence that it was a risky proposition — these kids had some kind of back-up plan for just this situation.
Speaking of “overwhelming evidence,” there’s been a fun little infographic making the rounds around the blogosphere. It’s about the “new” trends in the legal market.
I’m not sure these trends are particularly new. In fact, I think these are trends that people should have been aware of for years. But since so many people show up to campus without critically thinking about their post-graduate job prospects, I’m going to guess this infographic is breaking news to a lot of returning law students…
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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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 six years. You can reach them by email: firstname.lastname@example.org.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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