Interesting Law School article in the NY Times...

Originally Posted by kix4kix

I just took the LSAT a couple weeks ago. The field of Law in general is in a downfield spiral. Most suddenly felt here in California, where just passing the bar is no longer enough to become a practicing attorney. The field is SO watered down that it is increasingly important to graduate from a top 50 law school. A law degree however, remains one of the most universal and versatile degrees one can attain. 
In short, why spend 200 grand on a post graduate degree, when there are lawyer making 40 grand a year? 
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I would include a caveat that a JD from a top school  remains a versatile degree.  A law degree from Cooley or New England School of Law or any 2nd or 3rd Tier is literally a very expensive piece of paper. Of course there will be outliers from some of these schools that make it but most will work 40k jobs as you stated.
The worst part is, you can't default on this debt. Seems to me like this game was rigged back in 1998 when defaulting on student loans was legislated to be virtually impossible. 
 
Originally Posted by Carlos Tevez

I'm thinking that if I do apply to law school I'll just apply here in Canada. Tuition here is as low as $3500 a year for globally acclaimed schools (McGill) up to $23,000 a year (U. of Toronto). I'm not feeling too warm to $150+ k debt. Being that much in debt wouldnt be too bad if there were good jobs available to law grads but making $30/hr after graduating from Columbia is terrible
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Canadian law mandates that in order for Law Schools to increase class size they need to show an increased demand in their regional job market. I'd say you're good to go in Canada. You may or may not land a six figure salary out of university but you're virtually guaranteed employment as a lawyer. 
 
Originally Posted by Carlos Tevez

I'm thinking that if I do apply to law school I'll just apply here in Canada. Tuition here is as low as $3500 a year for globally acclaimed schools (McGill) up to $23,000 a year (U. of Toronto). I'm not feeling too warm to $150+ k debt. Being that much in debt wouldnt be too bad if there were good jobs available to law grads but making $30/hr after graduating from Columbia is terrible
sick.gif
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Canadian law mandates that in order for Law Schools to increase class size they need to show an increased demand in their regional job market. I'd say you're good to go in Canada. You may or may not land a six figure salary out of university but you're virtually guaranteed employment as a lawyer. 
 
Today, his best guess is that he should be sending $2,000 to $3,000 a month in total, to lenders that include Wells Fargo, Citibank and Sallie Mae.“There are a bunch of others,
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Today, his best guess is that he should be sending $2,000 to $3,000 a month in total, to lenders that include Wells Fargo, Citibank and Sallie Mae.“There are a bunch of others,
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SMH... People need to open their disillusioned eyes and realize times are different now.
 
SMH... People need to open their disillusioned eyes and realize times are different now.
 
What if one goes to a regular cheaper law school and just attempts to open his own office with the money saved? Perhaps it would be a smarter investment since loans could be used to set up instead of thrown away at hight ranking schools.
 
What if one goes to a regular cheaper law school and just attempts to open his own office with the money saved? Perhaps it would be a smarter investment since loans could be used to set up instead of thrown away at hight ranking schools.
 
Originally Posted by Carlos Tevez

Originally Posted by Dame Theory

Its really T-14 or bust for ya'll. Good luck.
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Did you read the article?
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Even with the article, big firms are much more likely to hire someone from a T-14 school, regardless of how valid that ranking is.
 
Originally Posted by Carlos Tevez

Originally Posted by Dame Theory

Its really T-14 or bust for ya'll. Good luck.
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Did you read the article?
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Even with the article, big firms are much more likely to hire someone from a T-14 school, regardless of how valid that ranking is.
 
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