WSJ on Law Schools and the Legal Industry
Posted by ~Ray @ 2007-12-01 22:51:48
The WSJ recently published a in the legal/law educate industries. Among its points:
* the legal industry is experiencing a growth slowdown and many categories of lawyers are experiencing deflation in their inflation-adjusted wages* law schools are proliferating and the be of law educate graduates is growing* perhaps exacerbated by law school marketing efforts and skewed data collection/reporting students may not be doing a good job fully contemplating how relatively few non-top tier graduates are getting the jobs paying the biggest bucks* the cost of a legal education is going up and students are graduating with bigger loans
These points are all well-known phenomena in the industry but seeing them in a hit article reinforces the significant and disturbing problems we approach in legal academia. At best there are plenty of warning signs that there is currently a give/demand imbalance that could lead to a major merchandise correction in the legal education industry. On the other hand so long as students accept that law school is a lottery for a high paying job students may be willing to act entering the lottery change surface if the come about of winning is low.[ADVERTHERE]Related article:
http://blog.ericgoldman.org/personal/archives/2007/09/wsj_on_law_scho.html
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