The truth about law school is finally out!

Published: September 24, 2007, 6:23 pm

Today's Wall Street Journal has an article revealing the truth about the horrible job prospects available to the majority of law school graduates: The law degree that Scott Bullock gained in 2005 from Seton Hall University -- where he says he ranked in the top third of his class -- is a "waste," he says. Some former high-school friends are earning considerably more as plumbers and electricians than the $50,000-a-year Mr. Bullock is making as a personal-injury attorney in Manhattan. To boot, he is paying off $118,000 in law-school debt. The article has some hard statistics to back up my own qualitative observations: A survey of about 650 Chicago lawyers published in the 2005 book "Urban Lawyers" found that between 1975 and 1995 the inflation-adjusted average income of the top 25% of earners, generally big-firm lawyers, grew by 22% -- while income for the other 75% actually dropped. In the legal profession, as in the economy in general, the gap between the rich and the poor has

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