December 28, 2011

GOOD QUESTION: The Law School Bubble: How Long Will It Last if Law Grads Can’t Pay Bills? “In 2010, 85 percent of law graduates from ABA-accredited schools boasted an average debt load of $98,500, according to data collected from law schools by U.S. News & World Report. At 29 schools, that amount exceeded $120,000. In contrast, only 68 percent of those grads reported employment in positions that require a JD nine months after commencement. Less than 51 percent found employment in private law firms.” Something that can’t go on forever, won’t.

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