The Lawyer Bubble

TREND #4 Traditionally, a law school education has been seen as a solid investment toward a prosperous future. As recently as 2007, 91.2 percent of law school students found jobs in their profession soon after graduation. Starting salaries at the top law firms still begin in the low six figures; partners at those firms routinely make salaries in the seven figures. But for many students today, that promised future will never materialize. After completing a threeyear program, tens of thousands of law school graduates enter the real world without a job offer and with the crippling burden of student debt. Over the past decade, adjusted for inflation, law school student debt has soared by 25 percent for private schools and...

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