Monday, July 14, 2014

Too many lawyers?

Well, maybe. But the number of people taking the LSAT is at a 14-year low.

This could be because jobs remain scare for new law school grads.

There will always be people making high incomes in law. However, the legal profession seems to be evolving into something like a "tournament" structure, with a small number of attorneys (or rather, law firms) taking a disproportionate amount of the rewards.

Personal note: I know a young woman who recently graduated from the University of Cincinnati's law school. She seems reasonably intelligent.

She's also working as a bank teller because she can't find a job in a law firm.

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