Katherine Mangan of the Chronicle of Higher Education argues what my immutable colleague, George Leef, has been shouting from the rooftops for years: Think long and hard before entering law school.
Mangan writes:
??we face a problem of systemic oversupply [of lawyers]. The rate at which demand for new lawyers grows has permanently leveled off. Economic recovery will help, but it will not change the fundamental structural changes in the market for lawyers? the gap between demand for new lawyers and the number of new lawyers will continue to rise every year.?
Therefore, law school graduates (even those who graduate from good schools) will be rudely awakened from their fantasies of grandiose estates and plush cars when they realize their income will not pay off their mountainous debt.
