Quote:
Originally Posted by MysticCat
The headline is drama and hype. The story is a reflection of the economy. It's also a bit of hype, in that historically not all lawyers have made "lots" of money. Comparatively I'm not even sure you can say "most" have, depending on how one defines "lots" of money. Most lawyers make a comfortable living. There's a difference. I wonder how many grads come out of law schools expecting the high-paying jobs that most of them will not get.
Then there's the question of whether part of the problem is that there are too many lawyers. Are law schools turning out more lawyers than the population and economy can reasonably support?
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I think the problem of too many lawyers actually stems from the economy as well. Being from MI and just happening to graduate college the year the state's economy took a major dump I know way too many people who furthered their education (Mostly Masters programs but a few going to law school) simply because they couldn't find work with their 4 year degree and had assumed that the economy would've recovered by the time they graduated. I assume that this phenomena is pretty much going on nation wide now.