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Monday, June 18, 2012

Unemployed Lawyers Sue Schools Over Promises of Jobs

Passing the bar isn’t the meal ticket it used to be.

Once the surest path to a six-figure salary and a life of luxury, a law degree in the aftermath of the Great Recession comes with far fewer guarantees, leaving many graduates with mountains of debt while confronted by a rapidly changing legal landscape.

“It was a wonderful life. And now it’s gone,” said Andrew Morriss, a professor at the University of Alabama's School of Law and research fellow at New York University's Center for Labor and Employment Law.

“The financial crisis reshaped the legal industry. … Big firms stopped hiring more people,” he said. “It’s a permanent change. Clients have discovered they can pay less for legal services, and firms have discovered they don’t need to have scores of associates working there.”

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1 comment:

Anonymous said...

Where are the howls of protest about professionals wanting to earn a high income--you know like the constant denigration of doctors (who have a heck of alot more schooling and hours) for wanting to be compensated for a hellatious job?