Home

New Law Grads Facing Tough Economic Climate
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

With the law schools ranked, the U.S. News & World Report proceeded to paint a rather bleak picture for those desiring a career in law.

The magazine notes that as firms froze salaries and commenced layoffs during this last economic downturn, law school tuition continued to increase. As a result, “jobs are no longer a sure thing and loans are harder to pay back.”

According to the story, American Bar Association statistics show tuition increased 6 percent at private law schools to $34,298 from 2007 to 2008 and 9 percent, to $16,836, at in-state public schools.  That has led to more than 80 percent of law students to rely on loans, often at six-figures.

  
What
Where


U.S. News & World Report ultimately offered this advice: “Although the job market is improving, experts caution that law school hopefuls need to carefully weigh the costs and benefits of a law degree and, whether aiming for big law or Legal Aid, estimate their personal return on investment.”

The report goes on to note that the number of people who took the Law School Admission Test hit a decade high in 2009, up 6.4 percent from the year before. That leaves little incentive for law schools to rein in tuition, and leaves graduates facing a higher debt in a tighter labor market.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Commercial Litigation Associate Attorney

USA-WA-Seattle

Seattle office of an AmLaw firm seeks mid-level commercial litigation associate attorney with 3+ yea...

Apply Now

E-Commerce, Privacy and Cybersecurity Associate Attorney

USA-CA-San Francisco

San Francisco office of an AmLaw firm seeks eCommerce, privacy and cybersecurity associate attorney ...

Apply Now

E-commerce, Privacy and Cybersecurity Associate Attorney

USA-NY-New York City

New York City office of an AmLaw firm seeks eCommerce, privacy and cybersecurity associate attorney ...

Apply Now

RELEVANT JOBS

Wage and Hour Division Administrator

USA-OR-Portland

Oregon Bureau of Labor and Industries- Wage and Hour Division Administrator   Salary: $6,...

Apply now

Fiduciary Litigator

USA-TX-Dallas

Fiduciary litigator sought by general business practice law firm.  The lawyer should have consi...

Apply now

Commercial Litigation Associate

USA-GA-Peachtree Corners

Thompson, O’Brien, Kemp & Nasuti, P.C. seeks a commercial litigation associate with 1-3 years ...

Apply now

Litigation Associate / Junior Equity Partner

USA-IL-Chicago

Chicago Loop plaintiffs\' class action and personal injury trial firm, Glen J. Dunn & Associates, Lt...

Apply now

SEARCH IN ARCHIVE

To Top