Earning a law degree has become a riskier proposition. A feature article in the New York Times highlights how law school tuition may be a cash cow for universities; but law school debt is a huge burden for many law school graduates and may actually be a “bad deal” for many. It is a pretty sobering assessment of the whole system of legal education.
I actually wrote a brief post about this before the start of the Great Recession so I don’t think this is new news. But the rise in unemployment has made the problem worse.
Earning a law degree is still the right career decision for many. But now more than ever, it is important to understand what a law degree can and cannot do for you.