- Posts: 299
- Joined: Wed May 23, 2012 10:19 am
1. Debt, too, is a problem. The average student at a private law school graduates with $125,000 in debt.
2. But the average lawyer’s annual salary exceeds that number. The mean salary for all practicing lawyers was $130,490.
3. But, in 1998, (only) 55 percent of law graduates started in law firms. In 2011, that number was 50 percent. A 9 percent decline from a previous low during the worst economic conditions in decades hardly seems catastrophic.
So, law school's cost is not a recent, catastrophic problem, its a long-term, systemic problem, because half of the people who go to law school won't get the kind of jobs that give them a fighting chance to repay their debt.
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- Joined: Tue Oct 09, 2012 4:22 pm
The proud law dean assumes that the prior "relentless attacks" on law schools were without perspective.
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