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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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
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?
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