There seems to be a growing problem among law school graduates and new attorneys. They can’t find jobs, the jobs they find don’t pay enough to repay law school loans, and the jobs require unhealthy amounts of hours doing the type of work that many lawyers find unsatisfying, or worse.
The number of law school graduates continues to increase must faster than the number of law jobs available. The supply of law graduates is high, but the demand has not kept pace.
As a result, law school graduates who did not graduate in the top 10% of a Tier 1 law school are having great difficulty getting a job in law that pays enough to pay off their law school loans.
Further, even those law graduates who find jobs are often unhappy with the practice of law and the high number of hours they must spend at the firm. (See the Dec. 1, 2007 Update below for links to empiracal data and more discussion on lawyer misery.)
The Wall Street Journal recently wrote an article discussing how law school graduates are having great difficulty finding law jobs.
For anecdotal evidence of these problems, see the comments from lawyers and law school graduates here.
Having more educated individuals in the United States is generally good. However, prospective law students should realize the challenges ahead before entering law school.
A law school education is still very valuable to students, even if they don’t practice law. But I wrote this article to offset the “rich, happy, powerful lawyer” image suggested by television, so a person can decide about law school with a better understanding of how their future might actually look after law school.
This is an update to these previous posts:
- Why Most Law School Graduates Earn Less Money Than They Expect
- How Much are New Lawyers’ Salaries?
- Is Law School a Good Investment?
December 1, 2007 Update: The preceding did not give enough attention to one of the greatest problems for law school graduates—dissatisfaction with their lawyer careers. Fortunately, I came across an article that explains the problem far better than I could, and this author has better credentials than me. Read Why you shouldn’t go to law school; See also Law School by Default: Want to keep your options open? Don’t train to be a lawyer.
Finally, consider reading a report on empirical evidence suggesting that success within the elite law firm environment often entails a difficult array of personal and professional trade-offs. The evidence is humanized in the story of two young associates who work long hours in large, elite law firms and find that their lives are substantively unhappy and morally unfulfilling. The report is available here: Young Associates in Trouble.