Actually, I went to Penn and graduated with almost no debt. And I've met far too many people who have went to second or third tier schools and cannot get legal jobs of any type. The legal field is oversaturated and it has become near impossible to get a good job without going to a top school and doing well. Frankly, we should probably close two thirds of the law schools in the country. |
You graduated w/ almost do debt because you had a scholarship or because someone paid for your law school? If it was a scholarship, then congratulations. Obviously, if OP's DH can get an almost full ride to a top 10 school, he should do it. But that wasn't the hypo presented to us. As for there being too many law schools/law grads, that may be true. But that has also changed significantly in the past few years. I assume you know that law school applications have fallen dramatically and there are far fewer people going to and graduating from law school than there were just a few years ago (numbers are back to where they were in the 1970s). So the market has already started to correct and likely will continue to do so for some time now. Still, that doesn't mean that OP's DH should choose full-pay at Harvard vs. full-scholarship at GW (or Notre Dame). Also, when you're suggesting that 2/3 of law schools should close, you should keep in mind that there's a lot more to the law than big law firms. We need prosecutors, public defenders, public interest lawyers, lawyers in small firms, fed govt lawyers, etc. Big Law is not the beginning and the end of legal work, although sometimes it sure does seem that way. |
When I say I know people who could not get legal jobs, that includes government and in house jobs. All of those prior year grads are still out there looking for work and big firms need fewer and fewer lawyers. Add in sequestration and state cut backs. The demand for lawyers is not growing. |
I never said the demand was growing, but the supply is definitely shrinking. I noticed you didn't answer the question about why you came out of law school debt free. My guess is because someone (e.g., your parents) paid for you to go to law school. If that's true (maybe it's not, but that's what your silence implies), then I'm not sure how you can in good conscience recommend to someone that he incur $200,000 in debt to go to HYS rather than Notre Dame for far less money. The key here is the debt, but it seems like that's something you haven't had to consider or worry about. |
Nobody paid for my lawschool other than me. And the decrease in supply is not meaningful given that demand is also shrinking and the starting point is massive oversupply. |
Then you got a full scholarship to Penn? Congratulations. That must mean you got into HYS, right? Nobody gets a full ride to Penn but doesn't get into at least one of the top 5 schools. Why didn't you go to a better school and pay full price if going to the best law school is what everyone should do? Isn't that the advice you're giving to OP and her DH? As for the supply/demand, only time will tell on that front. If you have an empirical study to support your claims, please pass on a link. |
And, btw, it's "other than I" not "other than me." |
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Op,
Paul Campos has a lot of good literature and data analysis regarding lawyer supply and demand. Also, Law School Transparency has a lot of good information regarding job outcomes at various schools. It's a good organization that has pushed for much greater transparency from schools regarding outcomes for their grads. |
I never said I got a full scholarship, and didn't apply to HYS. Certainly, if OP's husband got into one of those schools and the financial numbers made sense, he should attend. I think that point was clear in several of my prior posts. Numbers showing the startling oversupply of lawyers in the attached link. http://abovethelaw.com/2011/06/the-oversupply-of-lawyers-in-america/ |
OK, so if you didn't get a scholarship and nobody else paid, then you must be independently wealthy and in a very different situation from the OP and her DH. Your earlier posts implied that he should go to the highest ranked school even if he got a major scholarship at a school like ND. So, no, your earlier posts didn't make the point that he should only go to the higher ranked school if "the financial numbers made sense." I'm sorry, but a story from ATL in 2011 is not going to convince me about the current supply/demand in the legal market. Since 2010, law school applications have fallen about 30%, so as I said, the market is correcting. The only question is where the bottom will be. |
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If he goes to ND (or another school outside the DC area), can you keep your job and work remotely? If not, what are the job prospects like for you in South Bend or another small college town?
He should go to the best school he gets into that gives him the most money. I am and always have been a government lawyer, and I could never have afforded to take this position if I hadn't gone to an in-state school with a small scholarship. Your other debts will also factor into this (mortgage, other student loan debts, child care costs, etc.) |
I don't think it's worth going to any school that isn't T14, even with financial aid, so I would never advise him to go to Notre Dame. There are opportunity costs for him attending law school, three years of lost wages for him and possibly a reduction in salary or no salary for his wife. Not worth it given the iffy employment chances afterwards. You need to think more creatively --there are many possible combinations of aid/scholarship, loans, and paying with past and summer earnings that would allow someone to graduate with low debt. It isn't full ride or independently wealthy. |
| This is the OP. I know that it is delayed, but I wanted to stop by this thread to let you know that I read over what everyone had to say and that I appreciate you taking the time to contribute. Thanks! |