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Thursday, November 29, 2012

"What else will these thousands of students who have been discouraged from attending law school do?"

"Where will they find a more fulfilling career? They’re not all going to be doctors or investment bankers, nor should they. Looking purely at the economics, in 2011, the median starting salary for practicing lawyers was $61,500; the mean salary for all practicing lawyers was $130,490, compared with $176,550 for corporate chief executives, $189,210 for internists and $79,300 for architects. This average includes many lawyers who graduated into really bad job markets. And the United States Bureau of Labor Statistics reports projected growth in lawyers’ jobs from 2010 to 2020 at 10 percent, 'about as fast as the average for all occupations.'"

A law dean — Lawrence E. Mitchell of Case Western — argues that "Law School Is Worth the Money"... because what else are you going to do with the money you don't have your life?

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