Unemployment

Here’s an unsurprising newsflash: young people have student loan debt, old people have student loan debt, and they have no idea what to do about it. With student loan debt having surpassed the one-trillion-dollar mark, we’ve officially reached a point where the media is calling this the crisis du jour.

We’ve discussed the dangers of incurring student loan debt time and time again throughout these pages, but it seems that people still don’t get it. They’d like some more — hmm, how shall we put this? — “sage” advice. They’d prefer to publish their woes for all to see on “the most popular and widely syndicated column in the world.”

They’ve chosen to go to Dear Abby for the answers….

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Here at Above the Law, we frequently sound gloomy notes about going to law school. In the past week or so, for example, we’ve written about one recent law school grad on food stamps and another one with almost no employed classmates. We’ve discussed the bleak market for legal jobs and the crushing burden of student loan debt.

As I’ve said before, our criticism of law school does not spring from malice. Rather, we want people to make an informed decision about whether to invest three (or more) years of time, and $100,000 (or more) in money, in pursuit of a law degree.

In today’s post, we’d like to talk about the other side of the coin: law school success stories. Let’s hear from people who went to law school and have no regrets — or even view going to law school as the best decision they ever made. Perhaps you might be one of them?

We’ll prime the pump with a few law school success stories, to get the conversation going….

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Last week, we asked readers to submit possible captions for this photo:

Let’s have a look at what our readers came up with, and then vote on the finalists….

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Yesterday, we brought you some pretty gruesome news about the state of the legal hiring market: there isn’t one (which comes as no surprise to graduating 3Ls and the class of 2011). In fact, according to one former law school student who was profiled by Business Insider, almost everyone he knows from law school is unemployed. Another recent law school grad is on food stamps.

Lawyers can deal with unemployment and food stamps, but are any of them homeless?

Here’s the photo for our latest caption contest….

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Welcome back to our series of open threads on the latest batch of U.S. News law school rankings. Last time, readers weighed in on the law schools that traditionally made up what used to be the alphabetically listed third tier. Last year, however, the law schools that once constituted the “third tier” received the gift that keeps on giving: numerical rankings.

Today, we’ll be talking about the law schools that used to comprise the fourth tier, but now have a new name. These days, this segment of the U.S. News list is referred to as the “second tier,” and although they are all ranked, those rankings are not published (presumably because no one wants to brag about going to the worst law school in the nation).

Let’s use this post to discuss these schools, collectively or individually, and to compare and contrast….

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Almost everyone I know from law school is unemployed or seeking alternative employment.

Richard Komaiko, a former student at Chicago-Kent College of Law, lamenting the plight of young lawyers in a story profiling “10 Faces Behind the Incredible Law School Underemployment Crisis.”

Georgetown University Law Center (known for its great gym).

I feel very fortunate to have had an idea of what I wanted to do from such a young age, and even more fortunate that it involved graduate school. What can you do with a bachelor’s degree anymore? I’m hoping that the job market will pick up in the three years I spend at law school, because a lot of lawyers are getting laid off. The American Bar Association is even encouraging college students not to apply to law school, citing the bleak job market.

– Noah Rich, a Georgetown 1L who was interviewed by the New York Times as part of the newspaper’s survey of the class of 2011 at Drew University in Madison, New Jersey.

(It’s hard out there for a class of 2011 college graduate. More findings, and additional law-related tidbits, after the jump.)

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First it showed up in the New York Times. Then it appeared on the Today Show. Now the story of law schools allegedly misrepresenting their graduates’ employment outcomes is in every New Yorker’s favorite commuter rag newspaper, Metro New York:

What news development on the law school lawsuit front brought this story to the front page of Metro?

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Star Jones thinks some of you are whiners.

When William Robinson, president of the American Bar Association, gave an interview in which he suggested that unemployed or underemployed law school graduates “should have known what they were getting into,” he was widely criticized. His emphasis on “personal responsibility” didn’t go over too well in some quarters of the legal profession and blogosphere.

But in defense of Bill Robinson, other people share his views. And some of these people are prominent personages.

Take prosecutor turned television personality Star Jones, who seems to have little sympathy for jobless law grads….

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I would read these horror stories in The New York Times and The Washington Post about how law firms were no longer guaranteeing jobs. But I always knew I was going to go to one of the top 14 law schools, where employment statistics have remained pretty strong. Most of the bad numbers are coming from the worse-ranked schools.

Emily Cusick, a senior at Cornell University and president of the pre-law fraternity Kappa Alpha Pi, commenting to the Cornell Daily Sun on doom-and-gloom stories about the legal job market.

(Additional interesting tidbits from the Sun article, including statistics about the declining number of law school applications, after the jump.)

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