Money Quote: “Forty-two percent of applicants secured admission to the GW Law School last year – eroding selectivity by 13 percentage points in a single year as the school tried to amass tuition dollars despite declining application numbers.”
Money Quote: “Another way to look at it is, “if recent history is any predictor, going to law school now will ensure that you graduate just when the next recession hits.”
Money Quote: “Taught by faculty at the Northwestern University School of Law, the program is not designed to prepare students to practice law.”
Money Quote: “In 2009, the median starting salary for graduates was $72,000. It dropped to $60,000 in 2012.”
Money Quote: “It is true that being a law professor is one of the best jobs in the world. Yet, our personal affection for or attachment to the position and its many perks should not stand in the way of examining what is best for our profession — and our students.”
Note that the hybrid online-in class program being offered by William Mitchell is not going to be any less costly than their traditional program.
Money Quote: “Nationwide, EMSI estimates jobs for those who draw miscellaneous income as lawyers (those who don’t consider legal work their primary job) have grown 25% since 2009 and have more than doubled since 2001. Median earnings for these workers are $35.62 an hour, nearly $20 less than salaried lawyers.”
Money Quote: “Like many enterprises in this economy, all of us are trying to manage expenses to our revenue…”
Controversies - Law School Sues State Bar Again, but This Time It’s Not about Lousy Bar Success Rate→
Money Quote: “This suit allegedly has nothing to do with students at SCIL finding out that only 1 out of 25 former students passed the bar in February 2012 after having already failed it at least once.”
Their employment outcomes can’t be worse than Cooley.
Leiter’s arrogance hides a real fear that his way of life may soon undergo a serious change.
Money Quote: “I try to explain to people that I didn’t learn anything that practical in law school,” he writes.
Would you go to law school if you had a do-over? 40 percent of young lawyers in this survey said no→
Money Quote: “More than half of respondents reported that as a result of having law school debt they have: delayed a major purchase, had their happiness impaired, made suboptimal career choices, delayed marriage or having children, requested a forbearance or deferment, or found it difficult to pay bar dues or court fees,” the report said.
Money Quote: “”I think the collapse of the job market a few years ago was a surprise to the profession, and to law schools,” said Barry Currier, the ABA’s managing director of accreditation and legal education.”