Passing the bar isn’t the meal ticket it used to be.Yet, Barack Obama want to send more people to law school at taxpayers expense.
Once the surest path to a six-figure salary and a life of luxury, a law degree in the aftermath of the Great Recession comes with far fewer guarantees, leaving many graduates with mountains of debt while confronted by a rapidly changing legal landscape.
“It was a wonderful life. And now it’s gone,” said Andrew Morriss, a professor at the University of Alabama's School of Law and research fellow at New York University's Center for Labor and Employment Law.
“The financial crisis reshaped the legal industry. … Big firms stopped hiring more people,” he said. “It’s a permanent change. Clients have discovered they can pay less for legal services, and firms have discovered they don’t need to have scores of associates working there.”
Monday, June 18, 2012
Unemployed lawyers sue schools over promises of jobs
The Washington Times reports: