What Law Schools Won’t Tell You
The Article: Law School Tuition Rises As Salaries Shrink And Other Things To Law Schools Won’t Tell You in Huffington Post Money.
The Text: 1. “Lawyers are a dime a dozen.”
After graduating from California Western School of Law in 2005, Kathryn Tokarska sent dozens of resumes to law firms. Prior to attending law school, she worked at investment firms, so she was hoping to land a job at a securities law firm or another related field that could use her experience. Instead, says Tokarska, the only position she was offered after graduating was a $10 per hour part-time clerkship. Knee deep in debt and unable to find a decent job, she opened her own law office in San Diego in 2008. “I thought if I got a higher degree, I’d have a better chance to get a job, but that’s not what happened,” she says.
Tokarska isn’t alone. This year, around 45,000 students are graduating law school — the highest number ever, according to the American Bar Association. But there are only about 28,000 positions for lawyers that are available, according to Economic Modeling Specialists, a labor market analysis firm. The latest survey data available by the National Association for Law Placement shows that about 88% of law students who graduated in 2010 were employed by February 2011 — the lowest rate since 1996 and down from a peak of 92% in 2007. And almost a third of the graduates known to be employed were not working in a legal position that required passing the Bar exam.