Tiago Splitter wrote:If only there was some place with data for us to check this claim.
There is a place to check it, of course. You can look at Law School Transparency. Once you subtract out all the school-funded temp "jobs" the T14 is stuffing people into, you get a number between 70% and 80% for most non HYS schools. Like I said above, some of those jobs are decent JD advantage jobs, but certainly not all of them are. All you have to do is look at some of the legal employment threads on here to realize the T14 isn't safe.
Tiago Splitter wrote:The sad thing is I thought you and I had agreed a while back that going to law school is a bad idea for most people. Now it sounds like you think people will do just fine if they only limit their debt to (insert number here depending on mood: anywhere from 50K-100K.)
It depends on where people are going. I think going to a second-tier school for around $50K total is probably credited if you are seriously interested in a legal career in the school's city, rather than looking for some post BA boredom relief. $100K total is fine for the bottom end of the T14, and possibly some of the schools just outside of it if the circumstances are right (i.e. you're from Texas, you want to practice in Texas, and you decide to go to Texas). I mentioned $100K in this thread as a maximum debt load people should be looking at, lest you really want to do Biglaw, in which case taking out full tuition at HYS might be worth it for you.
It's just my perspective, but what I'm saying isn't really all that controversial. 10 years ago, a JD cost significantly less, and the job prospects were better. Even 10 years ago, though, the JD was over-priced.
If you're paying sticker in this environment, you're 1) cross-subsidizing scholarships to people in your same class with better numbers (i.e. paying double tuition, once for yourself and once for your classmate), 2) funding a largely unproductive legal education bureaucracy, and 3) at many schools, funding a number of non-law programs (many universities take the massive profits garnered from law school tuition to pay for general university expenses). If you're comfortable with an outsized amount of your future earnings going to these causes for an unsure return on investment, go right ahead.