NYT: Burdened with Debt, Law School Graduates Struggling

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carlsenvshikaru
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NYT: Burdened with Debt, Law School Graduates Struggling

Postby carlsenvshikaru » Mon Apr 27, 2015 11:54 pm

From yesterday:

http://www.nytimes.com/2015/04/27/busin ... .html?_r=0

Jonathan Wang has not practiced law since he graduated from Columbia Law School in 2010, but he did not plan it that way.

When he entered law school, the economy was flourishing, and he had every reason to think that with a prestigious degree he was headed for a secure well-paying career. He convinced his parents, who work in Silicon Valley, that he had a plan. “I would spend three years at school in New York, then work for a big law firm and make $160,000 a year,” said Mr. Wang, 29. “And someday, I would become a partner and live the good life.”

Mr. Wang, who works in Manhattan as a tutor for the law school admissions exam, is living a life far different from the one he envisioned. And he is not alone. About 20 percent of law graduates from 2010 are working at jobs that do not require a law license, according to a new study, and only 40 percent are working in law firms, compared with 60 percent from the class a decade earlier. To pay the bills, the 2010 graduates have taken on a variety of jobs, some that do not require admission to the bar; others have struck out on their own with solo practices. Most of the graduates have substantial student debt...

“I thought the LSAT tutoring gig was going to be a temporary thing, but five years and one bar admission renewal later, here I am,” he said. His business has greatly expanded and he makes over $100 an hour, but that is far below what he would make at a law firm. “I waffle constantly, but I’m still in the mind-set that I need to find a real job,” he said.


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carlsenvshikaru
Posts: 1574
Joined: Thu Oct 23, 2014 12:31 am

Re: NYT: Burdened with Debt, Law School Graduates Struggling

Postby carlsenvshikaru » Tue Apr 28, 2015 12:55 am

A. Nony Mouse wrote:http://top-law-schools.com/forums/viewtopic.php?f=2&t=247100&hilit=Times

http://top-law-schools.com/forums/viewt ... hilit=Wang


I should have known better. :idea:




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