G. T. L. Rev. wrote:paulinaporizkova wrote:You should consider that "current" outlook will likely not be the same as "future" outlook, especially in a time of uncertainty like the one we're in now. It's a bad time to be graduating from LS RIGHT NOW. Will it be in 2-3 years when you graduate? No one really knows, but chances are things will improve a bit since they already have been improving since the initial crash. How much will they improve? Once again, no one knows. But things will likely be better. Oh, and I'm a 0L, so take it FWIW.
You don't get it, do you? The short-term outlook might improve, or it might get a lot worse, but that's not what really matters. The long(er) term outlook for freshly minted law grads is unquestionably bad, and getting worse. This is a structural matter, and no amount of economic growth can change it. Law firms are getting leaner, clients are demanding more cost-efficiency, and refusing to pay for first year associate work. So lots of discovery jobs and other intro-level stuff is going overseas, or to commoditized law practices. At the same time, the price of a legal education is growing considerably faster than inflation or salaries. Debt loads are getting more oppressive, and interest rates remain high (and may go much higher still--hopefully not, of course). The overall supply of law grades is also rising, thus aggravating the supply/demand mismatch in the law labor market.
I could go on, but won't. The problems with the law economy are substantial, and go well beyond the way the economy is right now. Will an uptick in the general economy help legal hiring? Yes. But it won't solve any of the above, and those things are the real dangers.
Also, Rev, do you just come here to laugh at the poor 0L's who will almost certainly be fucked over in the end? Obviously, your law degree worked out for you. Why do you come around and say the chances of it working out for anyone else are morbidly slim?