Apologies if this has already been posted but I hadn't seen it. I'm not going to go into an analysis, just wanted to share this data so that less stupid people go to law school. Everyone on this forum has an excuse for why they're different, but face it, if you're not going to a T1 at minimum, very high chance you're flat out stupid. If you're going to a T50 but not a T14, 50-50 chance you're just plain stupid. The facts are everywhere now, and if you can't see them, you're stupid. The boat is full, there's no more room, sorry. The extra stupid bodies are just sinking the ship and ruining it for everyone else.
Starting salaries for last year’s U.S. law school graduates plummeted 20 percent as private practice jobs eroded, according to a report by the National Association for Law Placement.
The national median starting salary at law firms dropped to $104,000 from $130,000 in 2009, reflecting a shift in the distribution of jobs and salary adjustments at some firms, the NALP said today. The report cited information submitted by 192 laws schools and covering 93 percent of 2010 graduates.
Aggregate starting salaries fell because graduates found fewer jobs with high-paying large law firms and many more jobs with the smallest firms at lower salaries, Leipold said. More than half of the jobs taken by 2010 graduates were in firms with 50 or fewer attorneys. Jobs at firms with more than 250 attorneys fell to 26 percent from 33 percent in 2009.
The employment rate for 2010 law school graduates was 87.6 percent, down from a high of 91.9 percent for the 2007 class, the NALP said. Part-time jobs accounted for 11 percent and almost 27 percent were reported as temporary jobs, according to the survey.
Law School Graduate Scorecard
* 12.4% No Job
* 27.0% Temporary Job
* 11.0% Part Time Job
The total of those groups is a whopping 50.4%. However, some jobs may be temporary and part-time so the correct total is somewhere between 39.4% and 50.4%, probably towards the high side.
If you don't have a good plan and just want to leverage your lib arts degree into models and bottles, allow me to spare you the suspense: YOU ARE STUPID. If you are entering now you will go into one of the most crowded professional fields in the midst of the oncoming second recession (which assumes the first one ended which it didn't). There isn't a nice way to say it. Good day mates.