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People overestimate the opportunities for Yale graduates too. I've received resume from Yale and Harvard grads for legal-related unpaid internships. The probl
by rprasad 14y ago
People overestimate the opportunities for Yale graduates too. I've received resume from Yale and Harvard grads for legal-related unpaid internships.
The problem is not an oversupply of lawyers; there are just about enough lawyers to satisfactorily satisfy the legal needs of the market (taking attrition into account).
The problem is that most lawyers are unwilling to do the solo/small-practice gig like doctors and dentists do, and consequently chase the firm and government jobs. The number of new firm and government jobs has dropped by more than half in the last 3 years, leaving a glut of "unemployed" lawyers.
But that's the thing about lawyers--they're not supposed to be employed. They're "professionals", so they're supposed to be their own bosses. I wish lawyers would at least try setting up their own shingles. Most of my graduating law school class did (at least, the ones without massive loan debt), and they've all got respectable, self-supporting practices. They won't make filthy money, but they will definitely be comfortable supporting a family within the next few years.