Important advice about the crippled economy
Friday, November 13th, 2009With the job market crippled, it is more important than ever for prospective law students to meet the requirements for admission to a top-quality law school. Because of the collapse of the overall job market, law schools are seeing a profusion of applications.
Law schools can be (and are) pickier about their precise law school requirements than they have ever been in recent memory.
At the same time, the economy for lawyers is horrible. Law firms are exhibiting higher degrees of snobbery in the hiring process than they have exhibited in recent recollection.
When I graduated, during the late 1990s Internet boom, which was a good day, the median starting salary for members of my class in computer engineering was $50,000.00. The median lawyer in Texas was, at the time, earning $45,000.00, and this average of lawyer salaries was taken across all ages and levels of seasoning. So, there was some real risk that I was about to spend 3 years of my life and a small fortune for a graduate education that was less valuable than the undergraduate degree that I already had. Fully a third of the licensed attorneys in Texas do something other than practice law. There just isn’t enough legal work to go around.
For every kid making $165,000.00 a year straight out of school, there are 10 fresh lawyers making $40,000.00 per year. Now, if you have an history degree, you may here $40,000 per year and think, “Wow, that’s a huge step up!” But wait, that $40,000 per year is after you sink $100k in credit and lose the opportunity to make a respectable wage during the years that you are in law school. Going $100k into debt for a $40k/year job is not a good decision. You don’t need a accounting degree to see that this one is upside-down.
The law is two career ladders. If you’re lucky, and you get respectable grades at a respected school, you can come out making $150k/year.
The difference between being lucky and turning your life into a living Hell is going to a good law school. The difference between getting into a good law school and having to accept a crappy law school is your ranking relative to the law school admission requirements. They are:
* Your LSAT score
* Your Undergraduate GPA
* Your Race
* Your Admissions Essays
* Your Letters of Recommendation
* Your Resume (this means everything else)
* Your string pulls
Now, there are some of these factors that you can, in fact, control. And there are some that you can’t control. Your goal needs to be to act on the factors that you can adjust in a way that changes the outcome.
For advice on how to do just that, you’re welcome to visit: http://www.lawschoolrequiements.org.
