Pop! Goes the Law School Bubble

The era of twenty-somethings blindly stampeding their way towards law school seems to be finally, mercifully drawing to a close.

the legal industry is stagnating, and suffers from a severe overabundance of young graduates, many of whom applied to law schools under the false pretenses that their degree would be an express ticket to a six figure salary. Instead, many graduates are now contending with six figures of crushing debt and murky career prospects.

www.theatlantic.com...

Some will call me a pessimistic but what if the entire lawyer industry gets socialized?

Sure... what I suggest may be far fetched, or maybe not.

Of course this article doesn't paint such a bad picture, i'm sure number of rising high school drop outs is much worse and is a worse issue as well.

However I think if lawyer fees get reduced as well as schooling we would see alot more lawyers out there and more people would get access to legal representation

reply to post by ModernAcademia



Ever heard of a public defender?

You know, state pays for an attorney when a poor person cannot afford one of their own.
Kinda sounds like socialism, yet is considered a fundamental right.

reply to post by Miraj


Yes you are correct
I guess nothing but public defenders is a possible future

If that's the case i'm sure rates will go UP not down

This has been happening to many students, but I can see it being worse for a law student considering they pay a lot more to learn.

Pop! goes the Law School Bubble

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And the world rejoiced

reply to post by Qumulys


unfortunate that so many people thing ill of attorneys. not all attorneys are corporate run scum. many attorneys help people. generalizing sucks.

reply to post by outandopen


Yeah, I know, a bit unfair. But I, like so many, have been burned by lawyers. I see no reason why they can demand such exorbitant fee's. Sure, there's paying for a professional, then there's bending over because they know they have you cornered.

There are some in it for making right the wrongs of society, but I'd say the majority is more along the lines of raping society to line their own silk pockets.

Originally posted by Qumulys
reply to post by outandopen

 

Yeah, I know, a bit unfair. But I, like so many, have been burned by lawyers. I see no reason why they can demand such exorbitant fee's. Sure, there's paying for a professional, then there's bending over because they know they have you cornered.

There are some in it for making right the wrongs of society, but I'd say the majority is more along the lines of raping society to line their own silk pockets.

You talking about lawyers or bankers?

Originally posted by Qumulys
reply to post by outandopen

 

Yeah, I know, a bit unfair. But I, like so many, have been burned by lawyers. I see no reason why they can demand such exorbitant fee's. Sure, there's paying for a professional, then there's bending over because they know they have you cornered.

There are some in it for making right the wrongs of society, but I'd say the majority is more along the lines of raping society to line their own silk pockets.

You talking about lawyers or bankers?

reply to post by babybunnies


Yeah, them too!
Oh, I'll chuck in Politicians for good measure too!

Half of all lawyers in the world are in the US.

We need fewer lawyers; the overabundance of starving, desperate lawyers with no work results in frivolous law suits and other difficulties as these poor sad sacks scramble to drum up work.

There should be some mechanism to ensure more closely that the number of graduates being turned out in various fields matches the need for them. Obviously it can't be a perfect fit, but I think we can do better. Of course, schools would resist such measures, as it would reduce the number of students they can turn out and hensh their cashflow. But its always nice to dream.

My sister is going through this firsthand. She graduates in a month, about to take the Barr and is one of 250 applicants for 12 positions. She was an intern at the same practice for a year and a half and still isn't guaranteed a job. Not to mention if she doesn't get the job, will have to retake the Barr in another state, shelling out another 750$ on top of her quarter million dollar debt


Lawyer of the future: "would you like fries with that"

Originally posted by Miraj
reply to post by ModernAcademia

 

Ever heard of a public defender?

You know, state pays for an attorney when a poor person cannot afford one of their own.
Kinda sounds like socialism, yet is considered a fundamental right.

Well from personal experience they suck...The state is paying them so what makes you think that a PD would really care enough to get you a good deal.

I had to go 6 months without seeing me daughter, so PDs suck.

Originally posted by silent thunder
We need fewer lawyers; the overabundance of starving, desperate lawyers with no work results in frivolous law suits and other difficulties as these poor sad sacks scramble to drum up work.

Thank You for your contribution
I did not think of this

Excellent point!

I am curious what you envision as "socialized law" \

reply to post by mytheroy


Oh Im sure they do.

I was more or less commenting on the OPs post about socialism for lawyers.

I think you mean 'nationalised'.

Socialism is the workers ownership of the means of production, an economic system, nothing to do with state ownership.

Not posting this to ague, but simply educate.

Nationalization, also spelled nationalisation, is the process of taking an industry or assets into government ownership by a national government or state.

en.wikipedia.org...

I comes down to the brainwashing of our youth.

Thinking that a good desk job will be there for them and it is easier work than construction.

Hell, I even tell my kids to stay in school and get an education and a good paying job.

The problem is supply and demand.

It is like accounting. How many number counters does a company want to tell them that they are losing money?

How many lawyers does it take to sue McD's for their coffe being too hot?

Brainwashing for the nonwork, work.............

Maybe there should be strawberry picking courses, because it sounds like the lawyers are going to need it for supplemental income

Law schools have long over reported starting salaries and employment stats. In fact, 14 law schools are being sued for lying about employment rates.

There aren't too many lawyers. Many people going through divorce or civil cases can not afford services. With a $100,000 in debt, you can't afford to charge 25.00 an hour. Even worse, your education doesn't even provide you with the skills to handle most basic cases.

The truth is law school doesn't teach you the nuts and bolts about cases. In reality, many cases can be handled by a person with just a BA who is taught basic procedures. There are some higher level cases, which may need a more advanced education.

Don't worry about those law school hose bags. When was the last time you saw a politician that was not a lawyer.

We are doomed!