This blog is about living the American Dream at the dawn of the new millennium! I am a nameless, mid-20s, bottom 150 Law School Graduate who finds himself marginally attached and awash in a sea of overeducated but underpaid, indentured peers who feel, and were, duped by the promise of a better life through debt and modern chemistry. Let's get to the point. The Law School Industrial Complex is a scam that has destroyed a generation out of greed. Vendettas were once legal and the pursuit of one was seen not only as moral, but necessary. This newly minted lawyer is going to continue the practice. DON'T GO TO LAW SCHOOL YOU MORONS! Ce qui suit est ce qui reste!

Wednesday, July 6, 2011

The New Normal: I Predict It Will Get Worse Each Year

I always wondered what a tulip farmer in 17th century Holland felt like just before the bubble burst and the flowers were worthless.  



I'm guessing it looked like this if I were going to try to use math and science:



Why the tulip talk?  The NALP just released the latest findings, for some reason I'd think they'd hide this shit, but here's the link.

Guess what? The non-recessionary collapse of the legal job market continues!!!

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I thought the class of 2009 was fucked but look at the poor bastards from 2010:

- Fewer employed graduates obtaining jobs in law firms — 50.9% compared with 55.9% for the Class of 2009

- Relatively fewer jobs in the largest firms and relatively more jobs in firms of 50 or fewer attorneys. Over half of the law firm jobs — 53% — taken by the Class of 2010 were in firms of 50 or fewer attorneys, compared with 46% for the class of 2009. 

- The percentage of employed graduates taking jobs in private practice decreased by about 5 percentage points for both men and women, and stood at 55.4% and 51.9%, respectively. 

- Over one-quarter of jobs — nearly 27% — were reported as temporary.

- Jobs in academic settings are at an all time high, up by more than 500 jobs since 2008, and accounting for 3.7% of jobs taken.

- The number of jobs in public interest organizations, a category which includes legal services and public defenders, has similarly increased -- accounting for 6.7% of the jobs taken by the Class of 2010. Much of this increase reflects the fact that these two sectors account for the bulk of law school efforts to provide employment opportunities — often part-time and short-term — for their graduates. Such opportunities accounted for an estimated 2.7% of all jobs for the class of 2010.

- Of employed graduates from the Class of 2010, 22.7% were seeking a different job, about the same as for the Class of 1994 (when NALP first started collecting this information), which was a class that also faced a challenging market. 

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James Leipold actually summed it up rather well:

"We have been watching this market deteriorate for several years now," Leipold offered when asked about the significance of some of these changes, "but even I was surprised to see that the percentage of graduates employed in a full-time job requiring bar passage had dropped to 64%. In this market far more graduates are stringing together several part-time or temporary jobs to approximate a full-time equivalency for themselves. Leaving clerkships aside, one in five jobs obtained were temporary. That represents a dramatic change in the entry-level market."

But then he takes a hard right into blanket assholeville assumptionville towards the end:

"I think it is also significant that while more graduates are establishing themselves as solo practitioners right out of law school, they seem to be satisfied in that career choice — at least fewer of the solo practitioners are reporting that they are seeking an alternative job nine months after graduation. It may be that going forward, entrepreneurial skills assume much more importance for law school graduates as solo practice becomes the norm for a larger percentage of law school graduates," Leipold concluded."

Hey assclown, if you're basing the assumption that solo practitioners are satisfied in their suicidal career choice as lawyers SOLELY on this fact you're an idiot.  They could be reporting the lack of searching for a number of different reasons BESIDES AND MUCH MORE LIKELY THAN they are "satisfied" with their current legal job.  

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How about they "gave up" for one?  Bartender by night, solo lawyer by day if they find a slip and fall.  Maybe they aren't looking for a different "legal" job because they think or know there's nothing to be found.  

I have friends who are solo's and by no means sugar coat it or had it be their first/primary choice coming right out of school.  "Entry-level" is kind of really fucking important in everything I've seen.  Hey nurse, I know you haven't taken "entry-level" biology or anything but how about you try to transplant this heart for me.

The one benefit for solo's that, at least, they keep what they kill rather than being in a small firm and doing all the work for a pittance. They also don't have to suck dick and kiss ass to the elderly just to keep their position receiving the table scraps of scraps.  Hell maybe they're good at it!  If they are, it's for all the factors that have nothing to do with law school and everything to do with who they are and what they are capable of in the real world (just look at Jose Baez for christ's sake, I'll bet a thousand UVA law grads would take it from the knife dildo in Seven for that kind of win and spotlight).  Point is,  law school is just making it worse not better.  Can't wait to see the "recovery" in 2012!!!

Till Next Time!!!! *See below
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8 comments:

  1. Gold and silver haven't hit the mania phase yet but education has. When college students start buying silver eagles with student loan money that will be a huge sell signal lol lol

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  2. What are the real default rates? "Don’t be deceived when they tell you things are better now. Even if there’s no poverty to be seen because the poverty’s been hidden. Even if you ever got more wages and could afford to buy more of these new and useless goods which industries foist on you and even if it seems to you that you never had so much, that is only the slogan of those who still have much more than you. Don’t be taken in when they paternally pat you on the shoulder and say that there’s no inequality worth speaking of and no more reason to fight because if you believe them they will be completely in charge in their marble homes and granite banks from which they rob the people of the world under the pretence of bringing them culture. Watch out, for as soon as it pleases them they’ll send you out to protect their gold in wars whose weapons, rapidly developed by servile scientists, will become more and more deadly until they can with a flick of the finger tear a million of you to pieces."
    — Jean-Paul Marat

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  3. All of higher education, with the possible exceptions of engineering and medical schools, has been a bubble at least since the 1960's. I'm not an economist, but from what reading I've done in that area, it's amazing that the bubble lasted as long as it did. Of course, that happened as a result of the banksters--in private industry and government--who were willing to make six figures' worth of loans to young people whose parents, just a few months earlier, didn't trust them with a checkbook or the family car.

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  4. Law schools pump out as many JDs as they possibly can - WITHOUT REGARD to the prevailing job market for legal services. In sum, the schools KNOWINGLY accept far too many students. They know that pretty much everyone will graduate.

    The schools also publish misleading employment and starting salary figures. In addition, the cockroaches and pigs continue to issue (mindless) pronouncements such as "One can do anything with a law degree! It is a widely respected, sought after and versatile degree, among employers."

    This is so irresponsible it is akin to telling a large group of scrawny, 130 pound guys that they can bang Jessica Alba. "After all, most women enjoy sex with men and you have a penis. It is a highly sought after item." (Of course, they omit the fact that such women will select the best-looking and wealthiest men around.)

    By the way, non-law employers cannot stand JDs. When you apply for non-legal positions, with a law degree, prepare as if you will be questioned by homicide detectives or the FBI’s white crimes unit. Make sure to cover every angle.

    Non-lawyers don't want to hang around with shifty lawyers. They will be worried that you are litigious, that you will leave as soon as something better comes along, and MANY bosses prefer not to have an underling who has a higher level of intelligence. In their mind, they may be concerned that you will be smarter than them and will question everything they do. (Then again, if you more intelligent, you would have left law school - after your first semester grades did not land you in the top 5-10 percent.)

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  5. @Dona Furiosa
    The bubble exists in engineering too; I've heard of people graduating with EE degrees and either not finding a job (because India has cheaper Electrical Engineers) or being forced out after only twenty years on the job. I don't know about medicine, though I've heard that some people who can't hack pre-med waltz over to pre-law (!) because they probably think "I NEED to be SOME sort of professional, and I can't do the math to be a banker." We fetishize the professions too much, so we have a surplus where we need a deficit.

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  6. I'm just wondering what will make the bubble pop, and then it hits me - blogs like these! Make it happen, y'all.

    Seriously, anyone smart enough to make it through law school and become a successful lawyer is therefore also smart enough to go do some other job and get paid twice as much over the course of their lifetime.

    This is my first post here, but I love the blog. Keep it up!

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  7. I'm out. Joined the military as an officer. Pretty much the only employer that won't hold the law degree against you (in fact, they think favorably on it, unless you're trying for JAG where you're right back to square one again).

    When my commitment is up maybe I'll see how this country looks, but I've already seen enough and to be honest I think I'll just go for a career.

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