Thirty years ago if you were looking to get on the escalator to upward mobility, you went to business or law school. Today, the law school escalator is broken.
William D. Henderson, Professor of Law
Law school applications are falling sharply in the US, reflecting increased concern over soaring tuition (fees), crushing student debt and diminishing prospects of lucrative employment upon graduation.
Last spring, the American Bar Association released a study showing that within nine months of graduation in 2011, only 55 percent of those who finished law school found full-time jobs that required passage of the bar exam.
While it is difficult to pinpoint a single main determining factor behind this trend, this article raises some interesting possibilities. Apart from the sluggish US economy and job market, other forces mentioned include the impact of the seismic technological changes in the world today on employment and the failure of university programmes to stay relevant to the job market.
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