Quote:
Originally Posted by pilot602  Law schools have been graduating roughly 12 law students every year for the last 10-15 years for every one law job and the median (not average) starting pay for a lawyer is $160,000 per year. |
I don't mean to pull this off on a tangent -- I agree with your underlying point, but just as I would correct somone who believes all pilots earn $200k, I must point out that your statistics on the legal profession aren't even slightly accurate. $160,000 is the starting pay for lawyers only at the largest firms in NY -- the "top" of the profession. The median starting pay for first-year attorneys at all large firms (251+ lawyers) is $130,000; for first-year lawyers at small firms (2-5), the median starting salary is $68,000. Government lawyers (clerks, prosecutors, public defenders) median is below $50,000. (Source: NALP).
I can't find a definitive source to rebut your other figure, but since law schools, even in the lowest tiers, report placing 75% or better of their graduates in legal jobs, your number can't possibly be right. (Besides, there is a signficant difference among law school graduates between the top and the bottom. Most law graduates, quite frankly, don't have what it takes for a big firm practice.)