Diddy said it was all about the Benjamins...

It turns out that going to law school does not guarantee you’ll get rich. Are you surprised? Are you putting down your pencil and throwing out your LSAT prep book? The New York Times published an article stating what anyone who has done their research knows: people come out of law school with lots and lots of debt, and the job market is far worse than what it was during better economic times. What was most disturbing was the reminder that law schools fib on their stats about how well their grads do. It’s all about the rankings – and we repeat our “yuck!”

We have an interesting window into the legal job world because of our audition process: We generally see the resumes of some former lawyers in our inbox, but a year ago we started seeing a small surge of resumes from recent law school grads. Sometimes that’s great – they finished law school and realized law is not for them, or want to practice government law or something that allows them to teach at night. Those are the candidates we love to see, people with a passion and perhaps a bit of outside-the-box thinking. But, we also saw folks who had been banking on their summer associate job, previously the doorway to a post-grad job, leading to just a line on a resume. These were not the candidates we wanted to see.

But, at least in NYC, the legal economic tide is turning. Read more